Outside Master Servicer definition

Outside Master Servicer means, with respect to any Outside Serviced Trust Mortgage Loan or related REO Property, the related master servicer under the related Outside Servicing Agreement.
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Outside Master Servicer. A master servicer under an Outside Servicing Agreement responsible for the servicing of the related Outside Serviced Loan Combination.
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Outside Master Servicer means: (i) in the case of the 000 Xxxx Xxxxxx Trust Mortgage Loan (or any successor REO Trust Mortgage Loan with respect thereto), the 000 Xxxx Xxxxxx Master Servicer; (ii) in the case of the Courtyard by Marriott Trust Mortgage Loan (or any successor REO Trust Mortgage Loan with respect thereto), the Courtyard by Marriott Master Servicer; (iii) in the case of the 1345 Avenue of the Americas Trust Mortgage Loan (or any successor REO Trust Mortgage Loan with respect thereto), the 1345 Avenue of the Americas Master Servicer; and (iv) in the case of the Park Avenue Plaza Trust Mortgage Loan (or any successor REO Trust Mortgage Loan with respect thereto), the Park Avenue Plaza Master Servicer.
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Examples of Outside Master Servicer in a sentence

  • The Outside Master Servicer and Outside Special Servicer in respect of each Outside Serviced Trust Mortgage Loan, and the depositor and trustee for any Non-Trust Mortgage Loan Securitization Trust, shall each be a third-party beneficiary to this Agreement with respect to its rights as specifically provided for herein and under the related Co-Lender Agreement.

  • Name, title, and institution of principle investigator, co-investigator, and/or key co- collaborator(s).

  • Each Outside Master Servicer and Outside Special Servicer shall each be a third party beneficiary to this Agreement with respect to the rights as specifically provided for herein and under the related Loan Combination Co-Lender Agreement.

  • The Outside Master Servicer in respect of each Outside Serviced Trust Mortgage Loan shall be a third-party beneficiary to this Agreement with respect to its rights as specifically provided for herein and under the related Co-Lender Agreement.

  • C-III asserts this section of the PSA explicitly limits the intended third party beneficiaries of the PSA to: (1) Certificateholders; (2) B-Noteholders; (3) Mortgage Loan Sellers; and (4) the Outside Master Servicer.

  • Implement a Delegation of Authority that will govern team activities.

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More Definitions of Outside Master Servicer

Outside Master Servicer means: (i) in the case of the ________________ Trust Mortgage Loan (or any successor REO Trust Mortgage Loan with respect thereto), the ________________ Master Servicer; (ii) in the case of the ________________ Trust Mortgage Loan (or any successor REO Trust Mortgage Loan with respect thereto), the ________________ Master Servicer; and (iii) in the case of the ____________________ Trust Mortgage Loan (or any successor REO Trust Mortgage Loan with respect thereto), the ____________________ Master Servicer.
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Outside Master Servicer means, in the case of the Meriden Mall Trust Mortgage Loan (or any successor REO Trust Mortgage Loan with respect thereto), the Meriden Mall Master Servicer and, in the case of the Grace Building Trust Mortgage Loan (or any successor REO Trust Mortgage Loan with respect thereto), the Grace Building Master Servicer.
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Outside Master Servicer means, in the case of the One Lincoln Street Trust Mortgage Loan (or any successor REO Trust Mortgage Loan with respect thereto), the One Lincoln Street Master Servicer and, in the case of the World Apparel Center Trust Mortgage Loan (or any successor REO Trust Mortgage Loan with respect thereto), the World Apparel Center Master Servicer.
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Outside Master Servicer. The master servicer under the Outside Servicing Agreement.
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Related to Outside Master Servicer

  • Non-Lead Master Servicer means the “master servicer” under any Non-Lead Securitization Servicing Agreement.

  • Outside Servicer With respect to an Outside Serviced Mortgage Loan, the master servicer under the applicable Outside Servicing Agreement.

  • Master Servicer means the master servicer appointed as provided in the Lead Securitization Servicing Agreement.

  • Outside Special Servicer With respect to an Outside Serviced Mortgage Loan, the special servicer under the applicable Outside Servicing Agreement.

  • The Master Servicer shall master service the Mortgage Loans and shall have full power and authority, subject to the REMIC Provisions and the provisions of Article X hereof, to do any and all things that it may deem necessary or desirable in connection with the master servicing and administration of the Mortgage Loans, including but not limited to the power and authority (i) to execute and deliver, on behalf of the Certificateholders and the Trustee, customary consents or waivers and other instruments and documents, (ii) to consent to transfers of any Mortgaged Property and assumptions of the Mortgage Notes and related Mortgages, (iii) to collect any Insurance Proceeds and Liquidation Proceeds, and (iv) to effectuate foreclosure or other conversion of the ownership of the Mortgaged Property securing any Mortgage Loan, in each case, in accordance with the provisions of this Agreement and the related Servicing Agreement, as applicable; provided, however, that the Master Servicer shall not (and, consistent with its responsibilities under Section 3.03, shall not permit any Servicer to) knowingly or intentionally take any action, or fail to take (or fail to cause to be taken) any action reasonably within its control and the scope of duties more specifically set forth herein, that, under the REMIC Provisions, if taken or not taken, as the case may be, would cause any REMIC to fail to qualify as a REMIC or result in the imposition of a tax upon the Trust Fund (including but not limited to the tax on prohibited transactions as defined in Section 860F(a)(2) of the Code and the tax on contributions to a REMIC set forth in Section 860G(d) of the Code) unless the Master Servicer has received an Opinion of Counsel (but not at the expense of the Master Servicer) to the effect that the contemplated action would not cause any REMIC to fail to qualify as a REMIC or result in the imposition of a tax upon any REMIC. The Trustee shall furnish the Master Servicer, upon written request from a Servicing Officer, with any powers of attorney empowering the Master Servicer or any Servicer to execute and deliver instruments of satisfaction or cancellation, or of partial or full release or discharge, and to foreclose upon or otherwise liquidate Mortgaged Property, and to appeal, prosecute or defend in any court action relating to the Mortgage Loans or the Mortgaged Property, in accordance with the applicable Servicing Agreement and this Agreement, and the Trustee shall execute and deliver such other documents, as the Master Servicer may request, to enable the Master Servicer to master service and administer the Mortgage Loans and carry out its duties hereunder, in each case in accordance with Accepted Master Servicing Practices (and the Trustee shall have no liability for misuse of any such powers of attorney by the Master Servicer or any Servicer). If the Master Servicer or the Trustee has been advised that it is likely that the laws of the state in which action is to be taken prohibit such action if taken in the name of the Trustee or that the Trustee would be adversely affected under the "doing business" or tax laws of such state if such action is taken in its name, the Master Servicer shall join with the Trustee in the appointment of a co-trustee pursuant to Section 9.11 hereof. In the performance of its duties hereunder, the Master Servicer shall be an independent contractor and shall not, except in those instances where it is taking action in the name of the Trustee, be deemed to be the agent of the Trustee.

  • Special Servicer means the special servicer appointed to act in such capacity with respect to the Mortgage Loan as provided in the Lead Securitization Servicing Agreement.

  • Other Master Servicer means the applicable other “master servicer” under an Other Companion Loan Pooling and Servicing Agreement relating to a Non-Serviced Companion Loan or a Serviced Companion Loan, as applicable.

  • Master Servicer Servicing Personnel The divisions and individuals of the Master Servicer who are involved in the performance of the duties of the Master Servicer under this Agreement.

  • Special Servicer Servicing Personnel The divisions and individuals of the Special Servicer who are involved in the performance of the duties of the Special Servicer under this Agreement.

  • Successor Master Servicer The meaning ascribed to such term pursuant to Section 8.02.

  • Other Special Servicer The applicable other “special servicer” under an Other Pooling and Servicing Agreement relating to a Serviced Companion Loan.

  • Primary Servicer Prudential Asset Resources, Inc., or any successor thereto (as primary servicer) appointed as provided in the Primary Servicing Agreement.

  • Interim Servicer The servicer under the Interim Servicing Agreement, or its successor in interest, or any successor to the Interim Servicer under the Interim Servicing Agreement, as therein provided.

  • Sub-Servicer Any Person with which the Master Servicer has entered into a Sub-Servicing Agreement and which meets the qualifications of a Sub-Servicer pursuant to Section 3.02.

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

  • Servicer means the Master Servicer or the Special Servicer, as the context may require.

  • Note A-1 Master Servicer means the master servicer under the Note A-1 PSA.

  • Subservicer means any Person that services Receivables on behalf of the Servicer or any Subservicer and is responsible for the performance (whether directly or through Subservicers or Subcontractors) of a substantial portion of the material servicing functions required to be performed by the Servicer under this Agreement that are identified in Item 1122(d) of Regulation AB.

  • Non-Lead Servicer means any Non-Lead Master Servicer or Non-Lead Special Servicer, as the context may require.

  • Note A-2 Master Servicer means the master servicer under the Note A-2 PSA.

  • Back-Up Servicer means, initially, Xxxxx Fargo Bank, National Association, and at any other time, the Person then acting as “Back-up Servicer” pursuant to and in accordance with the Back-up Servicing Agreement.

  • Note A-3 Master Servicer means the master servicer under the Note A-3 PSA.

  • Non-Lead Certificate Administrator means the “certificate administrator” under any Non-Lead Securitization Servicing Agreement.

  • Other Servicer The applicable other “master servicer” under an Other Pooling and Servicing Agreement relating to a Serviced Companion Loan.

  • Successor Servicer has the meaning specified in Section 3.07(e).

  • Master Servicing Agreement means the master servicing agreement entered into on 20 May 2013 between the Guarantor, the Issuer and the Master Servicer.