OPERATING ADVISER definition
OPERATING ADVISER shall have the meaning specified in Section 9.37(a).
OPERATING ADVISER means the Person elected to serve as the Operating Adviser pursuant to Section 9.37(a).
OPERATING ADVISER means the Person elected to serve as the Operating Adviser pursuant to Section 9.37(a); provided, that, with respect to an A/B Mortgage Loan, a holder of the related B Note, will, to the extent set forth in the related Intercreditor Agreement, instead be entitled to the rights and powers granted to the Operating Adviser under the Pooling and Servicing Agreement to the extent that such rights and powers relate to the related A/B Mortgage Loan (but only so long as the holder or the related B Note is the directing holder or controlling holder, as defined in the related Intercreditor Agreement).
More Definitions of OPERATING ADVISER
OPERATING ADVISER means the Person elected to serve as the Operating Adviser pursuant to Section 9.37(a); provided, that, with respect to an A/B Mortgage Loan, a holder of the related B Note, will, to the extent set forth in the related Intercreditor Agreement, instead be entitled to the rights and powers granted to the Operating Adviser (other than, except as provided herein, any right to replace the Special Servicer or appoint a successor special servicer, or the ability to direct or restrict foreclosure in violation of the Servicing Standard, with respect to the related A/B Mortgage Loan) to the extent such rights and powers relate to the related A/B Mortgage Loan (but only so long as the holder of the related B Note is the directing holder or controlling holder, as defined in the related Intercreditor Agreement). The initial Operating Adviser will be ARCap REIT, Inc.
OPERATING ADVISER means the Person elected to serve as the Operating Adviser pursuant to Section 9.37(a); provided, that, with respect to an A/B Mortgage Loan, a holder of the related B Note, will, to the extent set forth in the related intercreditor agreement, instead be entitled to the rights and powers granted to the Operating Adviser to the extent such rights and powers relate to the related A/B Mortgage Loan (but only so long as the holder of the related B Note is the directing holder or controlling holder, as defined in the related intercreditor agreement). The initial Operating Adviser will be JER Investors Trust Inc.
OPERATING ADVISER means the Person elected to serve as the Operating Adviser pursuant to Section 9.37(a) provided, that for so long as the 1290 A/B Mortgage Loan is serviced under this Agreement, the B Note Operating Adviser shall instead be entitled to the rights and powers granted to the Operating Adviser under this Agreement, other than the right to terminate and replace the Special Servicer, to the extent such rights and powers relate to the 1290 A/B Mortgage Loan (but only so long as the holder of the B Note is the Controlling Holder of the 1290 A/B Mortgage Loan).
OPERATING ADVISER. As defined in Section 3.26.