Common use of Servicing of the Loan Clause in Contracts

Servicing of the Loan. Pursuant to the Servicing Agreement, the Master Servicer (whose identity may change from time to time as provided in the Servicing Agreement) will be appointed as the servicer of the Mortgage Loan and the Special Servicer (whose identity may change from time to time as provided in the Servicing Agreement) will be appointed as the special servicer of the Mortgage Loan, and the parties agree that the Master Servicer and Special Servicer will service the Mortgage Loan on behalf of each Noteholder pursuant to the Servicing Agreement and subject to the terms hereof. The Senior Noteholders shall not enter into any amendment to any Servicing Agreement that would materially and adversely affect the rights or interests of the other Noteholders without obtaining such other Noteholders’ prior written consent which consent may be withheld in such other Noteholders’ sole and absolute discretion.

Appears in 6 contracts

Samples: Co Lender Agreement (BBCMS Mortgage Trust 2020-C7), Co Lender Agreement (Wells Fargo Commercial Mortgage Trust 2020-C56), Co Lender Agreement (Benchmark 2020-Ig1 Mortgage Trust)

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Servicing of the Loan. Pursuant to the Servicing Agreement, the Master Servicer (whose identity may change from time to time as provided in the Servicing Agreement) will be appointed as the servicer of the Mortgage Loan and the Special Servicer (whose identity may change from time to time as provided in the Servicing Agreement) will be appointed as the special servicer of the Mortgage Loan, and the parties agree that the Master Servicer and Special Servicer will service the Mortgage Loan on behalf of each Noteholder pursuant to the Servicing Agreement and subject to the terms hereof. The Senior Noteholders shall not enter into any amendment to any Servicing Agreement that would materially and adversely affect the rights or interests of the other Noteholders without obtaining such other Noteholders’ prior written consent which consent may shall not be withheld in such other Noteholders’ sole and absolute discretionunreasonably withheld, conditioned or delayed.

Appears in 5 contracts

Samples: Co Lender Agreement (BBCMS Mortgage Trust 2019-C5), Co Lender Agreement (BBCMS Mortgage Trust 2019-C5), Co Lender Agreement (UBS Commercial Mortgage Trust 2019-C17)

Servicing of the Loan. Pursuant to the Servicing Agreement, the Master Servicer (whose identity may change from time to time as provided in the Servicing Agreement) will be appointed as the servicer of the Mortgage Loan and the Special Servicer (whose identity may change from time to time as provided in the Servicing Agreement) will be appointed as the special servicer of the Mortgage Loan, and the parties agree that the Master Servicer and Special Servicer will service the Mortgage Loan on behalf of each Noteholder pursuant to the Servicing Agreement and subject to the terms hereof. The Senior Noteholders shall not enter into any amendment to any Servicing Agreement that would materially and adversely affect the rights or interests of the other Noteholders Junior Noteholder without obtaining such other Noteholders’ the Junior Noteholder’s prior written consent which consent may shall not be withheld in such other Noteholders’ sole and absolute discretionunreasonably withheld, conditioned or delayed.

Appears in 4 contracts

Samples: Co Lender Agreement (CSAIL 2017-Cx9 Commercial Mortgage Trust), Co Lender Agreement (UBS Commercial Mortgage Trust 2017-C3), Co Lender Agreement (CSAIL 2017-C8 Commercial Mortgage Trust)

Servicing of the Loan. Pursuant to the Servicing Agreement, the Master Servicer (whose identity may change from time to time as provided in the Servicing Agreement) will be appointed as the servicer of the Mortgage Loan and the Special Servicer (whose identity may change from time to time as provided in the Servicing Agreement) will be appointed as the special servicer of the Mortgage Loan, and the parties agree that the Master Servicer and Special Servicer will service the Mortgage Loan on behalf of each Noteholder pursuant to the Servicing Agreement and subject to the terms hereof. The Senior Noteholders shall not enter into any amendment to any Servicing Agreement that would materially and adversely affect the rights or interests of the other Noteholders Note B Holder without obtaining such other Noteholders’ the Note B Holder’s prior written consent which consent may be withheld in such other Noteholders’ the Note B Holder’s sole and absolute discretion.

Appears in 3 contracts

Samples: Co Lender Agreement (BBCMS Mortgage Trust 2019-C5), Co Lender Agreement (BBCMS Mortgage Trust 2019-C4), Co Lender Agreement (BBCMS Mortgage Trust 2019-C3)

Servicing of the Loan. Pursuant to the Servicing Agreement, the Master Servicer (whose identity may change from time to time as provided in the Servicing Agreement) will be appointed as the servicer of the Mortgage Loan and the Special Servicer (whose identity may change from time to time as provided in the Servicing Agreement) will be appointed as the special servicer of the Mortgage Loan, and the parties agree that the Master Servicer and Special Servicer will service the Mortgage Loan on behalf of each Noteholder pursuant to the Servicing Agreement and subject to the terms hereof. The Senior Noteholders shall not enter into any amendment to any Servicing Agreement that would materially and adversely affect the rights or interests of the other Noteholders Note A-B Holder without obtaining such other Noteholders’ the Note A-B Holder’s prior written consent which consent may shall not be withheld in such other Noteholders’ sole and absolute discretionunreasonably withheld, conditioned or delayed.

Appears in 2 contracts

Samples: Lender Agreement (BMO 2023-C4 Mortgage Trust), Lender Agreement (BBCMS Mortgage Trust 2022-C18)

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Servicing of the Loan. Pursuant to the Servicing Agreement, the Master Servicer (whose identity may change from time to time as provided in the Servicing Agreement) will be appointed as the servicer of the Mortgage Loan and the Special Servicer (whose identity may change from time to time as provided in the Servicing Agreement) will be appointed as the special servicer of the Mortgage Loan, and the parties agree that the Master Servicer and Special Servicer will service the Mortgage Loan on behalf of each Noteholder pursuant to the Servicing Agreement and subject to the terms hereof. The Senior Noteholders Noteholder shall not enter into any amendment to any Servicing Agreement that would materially and adversely affect the rights or interests of the other Noteholders Junior Noteholder without obtaining such other Noteholders’ the Junior Noteholder’s prior written consent which consent may shall not be withheld in such other Noteholders’ sole and absolute discretionunreasonably withheld, conditioned or delayed.

Appears in 2 contracts

Samples: Agreement Between Noteholders (CD 2017-Cd6 Mortgage Trust), Agreement Between Noteholders (Morgan Stanley Capital I Trust 2017-H1)

Servicing of the Loan. Pursuant to the Servicing Agreement, the Master Servicer (whose identity may change from time to time as provided in the Servicing Agreement) will be appointed as the servicer of the Mortgage Loan and the Special Servicer (whose identity may change from time to time as provided in the Servicing Agreement) will be appointed as the special servicer of the Mortgage Loan, and the parties agree that the Master Servicer and Special Servicer will service the Mortgage Loan on behalf of each Noteholder pursuant to the Servicing Agreement and subject to the terms hereof. The Senior Noteholders shall not enter into any amendment to any Servicing Agreement that would materially and adversely affect the rights or interests of the other Noteholders without obtaining such other Noteholders’ Noteholder’s prior written consent which consent may shall not be withheld in such other Noteholders’ sole and absolute discretionunreasonably withheld, conditioned or delayed.

Appears in 1 contract

Samples: Co Lender Agreement (CSAIL 2019-C15 Commercial Mortgage Trust)

Servicing of the Loan. Pursuant to the Servicing Agreement, the Master Servicer (whose identity may change from time to time as provided in the Servicing Agreement) will be appointed as the servicer of the Mortgage Loan and the Special Servicer (whose identity may change from time to time as provided in the Servicing Agreement) will be appointed as the special servicer of the Mortgage Loan, and the parties agree that the Master Servicer and Special Servicer will service the Mortgage Loan on behalf of each Noteholder pursuant to the Servicing Agreement and subject to the terms hereof. The Senior Noteholders Noteholder shall not enter into any amendment to any Servicing Agreement that would materially and adversely affect the rights or interests of the other Noteholders Junior Noteholder without obtaining such other Noteholders’ Junior Noteholder’s prior written consent consent, which consent may shall not be withheld in such other Noteholders’ sole and absolute discretionunreasonably withheld, conditioned or delayed.

Appears in 1 contract

Samples: Co Lender Agreement (UBS Commercial Mortgage Trust 2017-C2)

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