Specially Serviced Mortgage Loan definition

Specially Serviced Mortgage Loan means the Mortgage Loan during the period it is serviced by the Special Servicer following a Servicing Transfer Event.
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Specially Serviced Mortgage Loan shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in the Servicing Agreement.
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Specially Serviced Mortgage Loan. A Mortgage Loan that is, or is part of, a Specially Serviced Loan.
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Examples of Specially Serviced Mortgage Loan in a sentence

  • The servicing of the Mortgage Loan shall be carried out by the Master Servicer and, if the Mortgage Loan is a Specially Serviced Mortgage Loan (or to the extent otherwise provided in the Lead Securitization Servicing Agreement), by the Special Servicer, in each case pursuant to the Lead Securitization Servicing Agreement.

  • Servicing of the Mortgage Loan shall be carried out by the Master Servicer and, if the Mortgage Loan is a Specially Serviced Mortgage Loan, by the Special Servicer, in each case pursuant to the Servicing Agreement and consistent with the Servicing Standard.

  • The Master Servicer (if the Mortgage Loan is not a Specially Serviced Mortgage Loan) or the Special Servicer (if the Mortgage Loan is a Specially Serviced Mortgage Loan), in each case, consistent with Accepted Servicing Practices, shall be entitled to exercise any consent or consultation rights of the holder of such Mortgage Loan in its capacity as a “Controlling Note Holder” (or any similar term identified in the Intercreditor Agreement) under the Intercreditor Agreement.

  • The Special Servicer shall inspect or cause to be inspected the Property as applicable and as soon as practicable following the occurrence of a Special Servicing Loan Event and annually thereafter so long as the Whole Loan is a Specially Serviced Mortgage Loan.

  • Servicing of the Mortgage Loan shall be carried out by the Master Servicer and, if the Mortgage Loan is a Specially Serviced Mortgage Loan, by the Special Servicer, in each case pursuant to the Servicing Agreement and consistent with the Accepted Servicing Practices.


More Definitions of Specially Serviced Mortgage Loan

Specially Serviced Mortgage Loan. Any Mortgage Loan as to which any of the following events has occurred:
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Specially Serviced Mortgage Loan. As defined in Section 3.01(a).
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Specially Serviced Mortgage Loan means the Mortgage Loan if:
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Specially Serviced Mortgage Loan. A Mortgage Loan as to which a Servicing Event has occurred and is continuing.
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Specially Serviced Mortgage Loan means “Specially Serviced Mortgage Loan” as defined in the Lead Securitization Servicing Agreement.
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Specially Serviced Mortgage Loan. Any Serviced Mortgage Loan (including any related REO Mortgage Loan) or any Serviced Loan Combination as to which any of the following events has occurred:
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Specially Serviced Mortgage Loan shall have the meaning given thereto (or other analogous term) in the Lead Securitization Servicing Agreement.
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