Common use of Background and Experience Clause in Contracts

Background and Experience. Collateral Valuation: 1. Discuss the original appraisal A. Who prepared B. Attach Executive Summary and discussion of approach to value given most weight from most recent appraisal in Primary Servicer's possession

Appears in 3 contracts

Sources: Pooling and Servicing Agreement (Morgan Stanley Capital I Trust 2005-Hq7), Pooling and Servicing Agreement (Bear Stearns Commercial Mortgage Securities Trust 2005-Top18), Pooling and Servicing Agreement (Bear Stearns Commercial Mortgage Securities Trust 2005-Top18)

Background and Experience. Collateral Valuation: 1. Discuss the original appraisal A. Who prepared B. Attach Executive Summary and discussion of approach to value given most weight from most recent appraisal in Primary Servicer's possession 2. Comparison of the following (original to actual property): A. Vacancy B. Rents

Appears in 3 contracts

Sources: Primary Servicing Agreement (Bear Stearns Commercial Mortgage Securities Inc), Primary Servicing Agreement (Morgan Stanley Capital I Trust 2008-Top29), Primary Servicing Agreement (Bear Stearns Commercial Mortgage Securities Trust 2007-Pwr15)