RR definition
Examples of RR in a sentence
The Trust and Servicing Agreement may be amended from time to time by the Depositor, the Certificate Administrator, the Servicer, the Special Servicer and the Trustee, without the consent of any of the Certificateholders or the RR Interest Owners, in certain circumstances specified in the Trust and Servicing Agreement, subject to certain exceptions set forth in the Trust and Servicing Agreement.
Upon receipt of an Asset Review Notice, the Asset Representations Reviewer shall request access to the Secure Data Room by providing the Certificate Administrator with a certification substantially in the form attached hereto as Exhibit RR (which shall be sent via email to ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ or submitted electronically via the Certificate Administrator’s Website).
If, after the determination of the fair market value price of the Property, pursuant to Section 5.04(d), the County Board determines to exercise its applicable Phase I or Phase III Refusal Right, the County Board shall provide the Borrower with a final intent to exercise its applicable Phase I or Phase III Refusal Right (the “Final RR Notice of Intent”) within fifteen (15) days of such determination.
The County Board may exercise its Phase I Refusal Right and/or its Phase III Refusal Right by first giving a notice of preliminary intent to exercise its applicable Phase I or Phase III Refusal Right, subject to the fair market value price of the Property, (the “Preliminary RR Notice of Intent”) within ninety (90) days after County Board has received the Borrower’s Notice of Bona Fide Offer.
The Final RR Notice of Intent shall specify a closing date that is within one hundred sixty-five (165) days immediately following the delivery of the Final RR Notice of Intent.