Non-Lead Special Servicer definition

Non-Lead Special Servicer means the “special servicer” under any Non-Lead Securitization Servicing Agreement.

Non-Lead Special Servicer shall have the meaning assigned to such term in Section 2(b).

Non-Lead Special Servicer means, from and after the Note A-1 Securitization Date, the special servicer designated under the Note A-2 PSA.

Examples of Non-Lead Special Servicer in a sentence

• Except as provided herein, including without limitation, with respect to the Trustee, Certificate Administrator, Master Servicer and Special Servicer and any Non-Lead Master Servicer, Non-Lead Special Servicer or Non-Lead Trustee, none of the provisions of this Agreement shall be for the benefit of or enforceable by any Person not a party hereto.

• Except as provided herein, including without limitation, with respect to the Trustee, Certificate Administrator, Master Servicer, Special Servicer, Operating Advisor, Non-Lead Master Servicer, Non-Lead Special Servicer, Non-Lead Trustee, none of the provisions of this Agreement shall be for the benefit of or enforceable by any Person not a party hereto.

• Except as provided herein, including without limitation, with respect to the Trustee, the Certificate Administrator, the Master Servicer and the Special Servicer and any Non-Lead Master Servicer, Non-Lead Special Servicer or Non-Lead Trustee, none of the provisions of this Agreement shall be for the benefit of or enforceable by any Person not a party hereto.

• Except as provided herein, including without limitation, with respect to the Trustee, the Certificate Administrator, the Master Servicer, the Special Servicer, the Non-Lead Master Servicer, the Non-Lead Special Servicer and the Non-Lead Trustee, none of the provisions of this Agreement shall be for the benefit of or enforceable by any Person not a party hereto.

More Definitions of Non-Lead Special Servicer

Non-Lead Special Servicer means, the special servicer designated under the Note A-2 PSA.

Non-Lead Special Servicer means the Note A-2 Special Servicer or the Note A-3 Special Servicer, as the case may be.

Non-Lead Special Servicer and a “Non-Lead Trustee”), as applicable, shall be entitled to make their own recoverability determination with respect to a P&I Advance to be made on the related Non-Lead Securitization Note based on the information that they have on hand and in accordance with the related Non-Lead Securitization Servicing Agreement. The Master Servicer and the Trustee, as applicable, and the related Non-Lead Master Servicer or the related Non-Lead Trustee shall be required to notify the other of the amount of its P&I Advance within two business days of making such advance. If the Master Servicer, the Special Servicer or the Trustee, as applicable (with respect to the Lead Securitization Note) or a Non-Lead Master Servicer, a Non-Lead Special Servicer or a Non-Lead Trustee, as applicable (with respect to a Non-Lead Securitization Note), determines that a proposed P&I Advance, if made, would be non-recoverable or an outstanding P&I Advance is or would be non-recoverable, or if the Master Servicer, the Special Servicer or the Trustee, as applicable, subsequently determines that a proposed Property Protection Advance would be non-recoverable or an outstanding Property Protection Advance is or would be non-recoverable, then the Master Servicer or the Trustee (as provided in the Lead Securitization Servicing Agreement, in the case of a determination of non-recoverability by the Master Servicer, the Special Servicer or the Trustee) or the related Non-Lead Master Servicer or the related Non-Lead Trustee (as provided in the related Non-Lead Securitization Servicing Agreement, in the case of a determination of non-recoverability by the related Non-Lead Master Servicer, the related Non-Lead Special Servicer or the related Non-Lead Trustee) shall notify the Master Servicer and the Trustee, or the related Non-Lead Master Servicer and the related Non-Lead Trustee, as the case may be, of the other Securitization within two business days of making such determination. Each of the Master Servicer, the Trustee, the related Non-Lead Master Servicer and the related Non-Lead Trustee, as applicable, will only be entitled to reimbursement for a P&I Advance and interest on such Advances that becomes non-recoverable first from the Collection Account on a pro rata basis, and then, if funds are insufficient, in the case of a Non-Lead Securitization Note, from general collections of the related Securitization Trust, as and to the extent provided in the related Non-Lead Securitization Servicing Agree...

Non-Lead Special Servicer means (i) with respect to each Non-Lead Note and the Related Non-Lead PSA other than the UBS 2017-C2 Note, the special servicer designated under such Related Non-Lead PSA and (ii) with respect to the UBS 2017-C2 Note and the UBS 2017-C2 PSA, from and after the Note A-4 Securitization Date, the special servicer designated under the UBS 2017-C2 PSA.

Non-Lead Special Servicer means the trustee servicer under a Non-Lead Securitization.

Non-Lead Special Servicer means, from and after the Note A-1 Securitization Date, the special servicer designated under the UBS 2017-C5 PSA.

Non-Lead Special Servicer means, (i) with respect to Note A-3 and the Note A-3 PSA, the special servicer designated under the Note X-0 XXX, (xx) with respect to Note A-4 and the Note A-4 PSA, the special servicer designated under the Note A-4 PSA, (iii) with respect to Note A-5 and the Note A-5 PSA, the special servicer designated under the Note A-5 PSA, and (iv) with respect to Note A-1 and Note A-6 and the SGCMS 2016-C5 PSA, from and after the Note A-2 Securitization Date, the special servicer designated under the SGCMS 2016-C5 PSA.