Special Servicing Agreement definition

Special Servicing Agreement. As defined in Section 3.08.

Special Servicing Agreement means one of the Special Servicing Agreements with respect to the 2006 Series A Bonds, as described in the 2006 Series A Supplemental Resolution.

Special Servicing Agreement. The Letter Agreement, dated July 30, 2004, among the Servicer, the Special Servicer and the Master Servicer.

Examples of Special Servicing Agreement in a sentence

• Any expenses incurred as a result of being an Underlying Fund of Scudder Pathway Series under the Special Servicing Agreement dated November 15, 1996.

• All unreimbursed Servicing Fees, Servicing Advances and Monthly Advances owing to the Servicer relating to such Distressed Mortgage Loans shall be reimbursed and paid to the Servicer by the successor Special Servicer upon such transfer to the Special Servicer, as agreed to by the Servicer and the Special Servicer in accordance with the Special Servicing Agreement or otherwise.

• In exercising their responsibilities, the Board, among other things, will refer to the Special Servicing Agreement and policies and guidelines included in an Application for an Exemptive Order (and accompanying Notice and Order) issued by the SEC in connection with the Spectrum Funds (and which also applies to Retirement Funds).

• The parties hereto acknowledge that, pursuant to a Special Servicing Agreement entered into between and among the Corporation, the Manager, various funds in which the Corporation may invest (the “Underlying Price Funds”) and X.

• This Special Servicing Agreement and all amendments hereof and supplements hereto.

More Definitions of Special Servicing Agreement

Special Servicing Agreement. An agreement among the Special Servicer, the Majority Class X Certificateholder and the Trustee pursuant to which the Special Servicer shall (a) agree to service and administer certain 60+ Day Delinquent Mortgage Loans pursuant to Section 3.29 and (b) make certain representations and warranties regarding the Special Servicer, (ii) agree to be bound by all of the servicing-related provisions of this Agreement so as to make them applicable to the Special Servicer as if the Special Servicer were a party hereto, and (iii) be acceptable to the Rating Agencies. The Servicer shall have the right to review such agreement to assure that it contains or incorporates by reference the indemnification provision described in the third to last sentence of Section 3.29. Such Special Servicing Agreement, if executed by the Trustee, shall contain a provision stating that it is being executed by the Trustee solely in its capacity as trustee of the Trust and that the Trustee shall have no obligation or liability with respect to such agreement. Specified Overcollateralized Amount: Prior to the Stepdown Date, an amount equal to 2.10% of the Cut-off Date Pool Principal Balance. On and after the Stepdown Date, an amount equal to 4.20% of the aggregate Stated Principal Balance of the Mortgage Loans for such Distribution Date, subject, until the Class Certificate Balance of each Class of LIBOR Certificates has been reduced to zero, to a minimum amount equal to the Overcollateralization Floor; provided, however, that if, on any Distribution Date, a Trigger Event exists, the Specified Overcollateralized Amount shall not be reduced to the applicable percentage of the then current aggregate Stated Principal Balance of the Mortgage Loans but will instead remain the same as the prior period's Specified Overcollateralized Amount until the Distribution Date on which a Trigger Event is no longer in effect. When the Class Certificate Balance of each Class of LIBOR Certificates has been reduced to zero, the Specified Overcollateralized Amount will thereafter equal zero. Sponsor: Goldman Sachs Mortgage Company, a New York limited partnership, and its xxxxxxsors in interest, as purchaser of the Mortgage Loans under the Purchase Agreement.

Special Servicing Agreement. The Special Servicing Agreement between Xxxxxx Capital and the Special Servicer dated as of January 1, 1999, attached as part of Exhibit E hereto.

Special Servicing Agreement means the special servicing agreement between the Issuer, the Master Servicer, the Special Servicer and the Asset Manager entered into on or about the Issue Date, as from time to time modified in accordance with the provisions therein contained and including any agreement or other document expressed to be supplemental thereto.

Special Servicing Agreement means the Special Servicing Agreement, dated as of July , 2010, between FMER, FMC, the Trust and, solely for purposes of Sections 2(B)(v), 2(B)(vi), 5, 7, 18(A) and 18(G) only, SunTrust.

Special Servicing Agreement. The Special Servicing Agreement, dated the Closing Date, among the Master Servicer, the Trustee and the Special Servicer regarding the servicing of the Specially Serviced Mortgage Loans by the Special Servicer, substantially in the form attached hereto as Exhibit K.

Special Servicing Agreement. The special servicing and collateral fund agreement substantially in the form of Exhibit H hereto entered into by the Master Servicer in accordance with Section 3.26.

Special Servicing Agreement. Any agreement entered into among the Servicer, the Special Servicer and the Trustee with respect to the servicing of a Specially Serviced Mortgage Loan.