{"component": "definition", "props": {"groups": [{"size": 110, "snippet": "Any Independent Contractor as selected or retained by the Special Servicer, on behalf of the Trustee for the benefit of the Trust and the Companion Loan Holders, to serve as manager of a Foreclosed Property, which designation, as evidenced by written confirmation from each Rating Agency, shall not result in the downgrade, withdrawal or qualification of the ratings assigned to the Certificates by such Rating Agency.", "samples": [{"hash": "1axXv1l38Mk", "uri": "/contracts/1axXv1l38Mk#successor-manager", "label": "Trust and Servicing Agreement (Bank 2025-Bnk49)", "score": 34.2060241699, "published": true}, {"hash": "bHACLNF7TFH", "uri": "/contracts/bHACLNF7TFH#successor-manager", "label": "Trust and Servicing Agreement (BMO 2025-C11 Mortgage Trust)", "score": 34.1348381042, "published": true}, {"hash": "bUalTjBgccI", "uri": "/contracts/bUalTjBgccI#successor-manager", "label": "Trust and Servicing Agreement (CSAIL 2021-C20 Commercial Mortgage Trust)", "score": 32.2416152954, "published": true}], "snippet_links": [{"key": "independent-contractor", "type": "definition", "offset": [4, 26]}, {"key": "as-selected", "type": "definition", "offset": [27, 38]}, {"key": "the-special-servicer", "type": "clause", "offset": [54, 74]}, {"key": "on-behalf-of", "type": "definition", "offset": [76, 88]}, {"key": "the-trustee", "type": "clause", "offset": [89, 100]}, {"key": "of-the-trust", "type": "clause", "offset": [117, 129]}, {"key": "companion-loan", "type": "definition", "offset": [138, 152]}, {"key": "to-serve", "type": "definition", "offset": [162, 170]}, {"key": "foreclosed-property", "type": "definition", "offset": [187, 206]}, {"key": "written-confirmation", "type": "clause", "offset": [243, 263]}, {"key": "rating-agency", "type": "definition", "offset": [274, 287]}, {"key": "qualification-of-the", "type": "clause", "offset": [338, 358]}, {"key": "the-certificates", "type": "clause", "offset": [379, 395]}], "hash": "0277f89f5d8086e66feaeb6e2ccec016", "id": 1}, {"size": 56, "snippet": "means any successor to the Manager selected by the Control Party (at the direction of the Controlling Class Representative) upon the resignation or removal of the Manager pursuant to the terms of the Management Agreement.", "samples": [{"hash": "b4zcxPWBUg", "uri": "/contracts/b4zcxPWBUg#successor-manager", "label": "Base Indenture (Jersey Mike's Subs Inc.)", "score": 37.4982888433, "published": true}, {"hash": "90udLkBkF1R", "uri": "/contracts/90udLkBkF1R#successor-manager", "label": "Sixth Supplement to Base Indenture (Wendy's Co)", "score": 32.1676940918, "published": true}, {"hash": "bhUzrOthmM9", "uri": "/contracts/bhUzrOthmM9#successor-manager", "label": "Base Indenture (Driven Brands Holdings Inc.)", "score": 31.9733066559, "published": true}], "snippet_links": [{"key": "successor-to-the", "type": "clause", "offset": [10, 26]}, {"key": "control-party", "type": "clause", "offset": [51, 64]}, {"key": "the-controlling-class-representative", "type": "clause", "offset": [86, 122]}, {"key": "resignation-or-removal-of-the-manager", "type": "clause", "offset": [133, 170]}, {"key": "the-management-agreement", "type": "clause", "offset": [196, 220]}], "hash": "d6c0c1dd0d83f8ced8dbab9d333637a1", "id": 2}, {"size": 24, "snippet": "shall have the meaning set forth in the Management Agreement.", "samples": [{"hash": "dbklS6JvkAV", "uri": "/contracts/dbklS6JvkAV#successor-manager", "label": "Base Indenture (Optimum Communications, Inc.)", "score": 37.1834373474, "published": true}, {"hash": "8vm9SkolPyk", "uri": "/contracts/8vm9SkolPyk#successor-manager", "label": "Base Indenture (Uniti Group Inc.)", "score": 37.09034729, "published": true}, {"hash": "b5P5KC82Ksq", "uri": "/contracts/b5P5KC82Ksq#successor-manager", "label": "Credit Agreement (Sunnova Energy International Inc.)", "score": 35.4996566772, "published": true}], "snippet_links": [{"key": "the-management-agreement", "type": "clause", "offset": [36, 60]}], "hash": "2d1f720de5c99c0e851ffe7fc946ac40", "id": 3}, {"size": 19, "snippet": "means an individual named or designated by agreement between a brewer and wholesaler who succeeds to the role of manager who will be principally responsible for the daily management of the wholesaler.", "samples": [{"hash": "2igSjIfEOtz", "uri": "https://www.legis.iowa.gov/docs/code/2023/123A.pdf", "label": "www.legis.iowa.gov", "score": 17.9291954041, "published": false}, {"hash": "dM6i5y8u7aW", "uri": "https://www.legis.iowa.gov/docs/code/2021/123A.pdf", "label": "www.legis.iowa.gov", "score": 15.6091327667, "published": false}, {"hash": "lQiDq7JQj9o", "uri": "https://www.legis.iowa.gov/docs/code/2009/123A.pdf", "label": "www.legis.iowa.gov", "score": 12.9830217361, "published": false}], "snippet_links": [{"key": "an-individual", "type": "clause", "offset": [6, 19]}, {"key": "agreement-between", "type": "clause", "offset": [43, 60]}, {"key": "role-of-manager", "type": "clause", "offset": [105, 120]}, {"key": "responsible-for", "type": "clause", "offset": [145, 160]}, {"key": "management-of-the", "type": "clause", "offset": [171, 188]}], "hash": "80d87437482abffaed3d87c2061a7532", "id": 4}, {"size": 13, "snippet": "means a successor Manager appointed pursuant to the Management Agreement.", "samples": [{"hash": "lind3FfdDyx", "uri": "/contracts/lind3FfdDyx#successor-manager", "label": "Third Amended and Restated Credit Agreement (Sunnova Energy International Inc.)", "score": 36.2306632996, "published": true}, {"hash": "2OtsshNBCYE", "uri": "/contracts/2OtsshNBCYE#successor-manager", "label": "Second Amended and Restated Credit Agreement (Sunnova Energy International Inc.)", "score": 36.0636558533, "published": true}, {"hash": "atfXflLIaIy", "uri": "/contracts/atfXflLIaIy#successor-manager", "label": "Amendment No. 4 and Joinder to Second Amended and Restated Credit Agreement (Sunnova Energy International Inc.)", "score": 35.5817947388, "published": true}], "snippet_links": [{"key": "the-management-agreement", "type": "clause", "offset": [48, 72]}], "hash": "8c8a1e1dc8b5a674c7de719e56359532", "id": 5}, {"size": 13, "snippet": "has the meaning assigned in Section 14(b).", "samples": [{"hash": "2syB51IwU3w", "uri": "/contracts/2syB51IwU3w#successor-manager", "label": "Management Agreement (Ellington Credit Co)", "score": 35.4804916382, "published": true}, {"hash": "a0vqwOwSpbS", "uri": "/contracts/a0vqwOwSpbS#successor-manager", "label": "Management Agreement (Ellington Residential Mortgage REIT)", "score": 29.1971244812, "published": true}, {"hash": "6B1azAd0A9X", "uri": "/contracts/6B1azAd0A9X#successor-manager", "label": "Management Agreement (Ellington Residential Mortgage REIT)", "score": 26.8425731659, "published": true}], "snippet_links": [], "hash": "61a3ca170fc115cd7e8a1a89b4975258", "id": 6}, {"size": 12, "snippet": "means an individual named or designated by agreement between a \u2587\u2587\u2587\u2587\u2587\u2587 and wholesaler who succeeds to the role of manager who will be principally responsible for the daily management of the wholesaler.", "samples": [{"hash": "jb5n3GOTPQD", "uri": "/contracts/jb5n3GOTPQD#successor-manager", "label": "Distribution Agreement", "score": 29.8787841797, "published": true}, {"hash": "6e4Pjb7s4FN", "uri": "/contracts/6e4Pjb7s4FN#successor-manager", "label": "Distribution Agreement", "score": 26.8947238922, "published": true}, {"hash": "1sap91EskcL", "uri": "/contracts/1sap91EskcL#successor-manager", "label": "Distribution Agreement", "score": 24.2340011597, "published": true}], "snippet_links": [{"key": "an-individual", "type": "clause", "offset": [6, 19]}, {"key": "agreement-between", "type": "clause", "offset": [43, 60]}, {"key": "a-\u2587", "type": "clause", "offset": [61, 64]}, {"key": "role-of-manager", "type": "clause", "offset": [105, 120]}, {"key": "responsible-for", "type": "clause", "offset": [145, 160]}, {"key": "management-of-the", "type": "clause", "offset": [171, 188]}], "hash": "0149e66bc82598d7f03bbde19ecec617", "id": 7}, {"size": 11, "snippet": "has the meaning given in Section 7.5.", "samples": [{"hash": "91WVznZeCHV", "uri": "/contracts/91WVznZeCHV#successor-manager", "label": "Management Services Agreement", "score": 26.5961666107, "published": true}, {"hash": "epN66SbOcGo", "uri": "/contracts/epN66SbOcGo#successor-manager", "label": "Management Services Agreement (Cheniere Energy Partners, L.P.)", "score": 24.5838470459, "published": true}, {"hash": "g0lxLtDDUtc", "uri": "/contracts/g0lxLtDDUtc#successor-manager", "label": "Management Services Agreement (Cheniere Energy Partners, L.P.)", "score": 23.8364143372, "published": true}], "snippet_links": [{"key": "section-75", "type": "clause", "offset": [25, 36]}], "hash": "bfbcc2b06eb06694469dd3224c6cbb60", "id": 8}, {"size": 9, "snippet": "has the meaning assigned thereto in Section 8.4 of the Management Agreement.", "samples": [{"hash": "gdHegfD72w4", "uri": "/contracts/gdHegfD72w4#successor-manager", "label": "Master Indenture (Trinity Industries Inc)", "score": 28.1293640137, "published": true}, {"hash": "jwYz2fDmT1T", "uri": "/contracts/jwYz2fDmT1T#successor-manager", "label": "Master Indenture (Trinity Industries Inc)", "score": 23.1245727539, "published": true}, {"hash": "8oGch2Jqiet", "uri": "/contracts/8oGch2Jqiet#successor-manager", "label": "Master Indenture (Trinity Industries Inc)", "score": 21.0, "published": true}], "snippet_links": [{"key": "section-84", "type": "clause", "offset": [36, 47]}, {"key": "the-management-agreement", "type": "clause", "offset": [51, 75]}], "hash": "71563b227eb77941bd86b9e5fe30df50", "id": 9}, {"size": 6, "snippet": "Any successor collateral manager appointed pursuant to this Agreement.", "samples": [{"hash": "ffZyahD0DFX", "uri": "/contracts/ffZyahD0DFX#successor-manager", "label": "Collateral Management Agreement (HPS Corporate Lending Fund)", "score": 37.2299804688, "published": true}, {"hash": "cQUYXRZANo7", "uri": "/contracts/cQUYXRZANo7#successor-manager", "label": "Collateral Management Agreement (HPS Corporate Lending Fund)", "score": 36.811088562, "published": true}, {"hash": "eGSZc3rLYeR", "uri": "/contracts/eGSZc3rLYeR#successor-manager", "label": "Collateral Management Agreement (HPS Corporate Lending Fund)", "score": 36.6112251282, "published": true}], "snippet_links": [{"key": "successor-collateral-manager", "type": "definition", "offset": [4, 32]}, {"key": "pursuant-to-this-agreement", "type": "clause", "offset": [43, 69]}], "hash": "1927dc3c328d65d1c666cba8bc6076e9", "id": 10}], "next_curs": "Cl4SWGoVc35sYXdpbnNpZGVyY29udHJhY3RzcjoLEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIac3VjY2Vzc29yLW1hbmFnZXIjMDAwMDAwMGEMogECZW4YACAA", "definition": {"size": 329, "snippet": "Any Independent Contractor as selected or retained by the Special Servicer, on behalf of the Trustee for the benefit of the Trust and the Companion Loan Holders, to serve as manager of a Foreclosed Property, which designation, as evidenced by written confirmation from each Rating Agency, shall not result in the downgrade, withdrawal or qualification of the ratings assigned to the Certificates by such Rating Agency.", "title": "Successor Manager", "id": "successor-manager", "examples": ["If the Trust Fund acquires any Foreclosed Property, the Special Servicer, acting on behalf of the Trustee, if the Manager would not be considered an Independent Contractor, shall either renegotiate the applicable Management Agreement or replace the Manager with a <strong>Successor Manager</strong> (as appropriate and to the extent permitted under such Management Agreement) so that the Foreclosed Property would be considered to be operated by an Independent Contractor.", "Subject to Section 3.14(d), the Special Servicer shall hire on behalf of the Trust Fund and the Companion Loan Holders a <strong>Successor Manager</strong> to manage, conserve, protect and operate any Foreclosed Property for the Certificateholders and the Companion Loan Holders solely for the purpose of its prompt disposition and sale.", "The Special Servicer agrees to monitor the performance of the <strong>Successor Manager</strong> and to enforce the obligations of the <strong>Successor Manager</strong> on behalf of the Trust Fund and the Companion Loan Holders.", "In connection with such management and subject to Section 3.4(c)(vii), the <strong>Successor Manager</strong> shall be entitled to the REO Management Fee solely from the Foreclosed Property Account or the Collection Account pursuant to Section 3.4(c)(vii)."], "related": [["successor-master-servicer", "Successor Master Servicer", "Successor Master Servicer"], ["successor-manufacturer", "Successor manufacturer", "Successor manufacturer"], ["successor-parent", "Successor Parent", "Successor Parent"], ["independent-manager", "Independent Manager", "Independent Manager"], ["sub-manager", "Sub-Manager", "Sub-Manager"]], "related_snippets": [], "updated": "2026-07-04T05:45:54+00:00"}, "json": true, "cursor": ""}}