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Common use of DUTIES OF OPERATING ADVISER Clause in Contracts

DUTIES OF OPERATING ADVISER. The Operating Adviser may advise, and receive notice from, the Special Servicer, but is not required to do so on any of the following actions:

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (Bear Stearns Commercial Mortgage Securities Trust 2002 Top6), Pooling and Servicing Agreement (Bear Stearns Commercial Mortgage Securities Inc)

Related Clauses

  • Duties of Operator
  • Statement of Operations
  • Duties and Responsibilities of the Servicer
  • Duties and Responsibilities of Manager
  • Cessation of Operations

Parent Clauses

  • Administration and Servicing of Mortgage Loans
  • Administration and Servicing of Specially Serviced Mortgage Loans by Special Servicer
  • Administration and Servicing

Sub-Clauses

  • PROCEDURE UPON TERMINATION OF TRUST
  • ADDITIONAL TRUST TERMINATION REQUIREMENTS
  • HEADINGS NOT TO AFFECT INTERPRETATION
  • SPECIAL NOTICES TO THE RATING AGENCIES
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