Common use of Interpretative Matters Clause in Contracts

Interpretative Matters. For purposes of this Agreement, and except as otherwise expressly provided in this Agreement, all references in this Agreement to “KRECM” and all references to any compensation, fees, or other amounts payable to or by KRECM, any rights, duties or obligations of KRECM, or otherwise, shall be references to KRECM solely in its capacity as master servicer under the related PSA. Notwithstanding anything to the contrary in this agreement, the Subservicer shall not be entitled to receive any portion of any compensation, fee or other amount that is payable to the Special Servicer under any Securitization Servicing Agreement or otherwise. Subservicer’s servicing duties and obligations with respect to a specific Mortgage Loan shall be performed in accordance with the related PSA unless otherwise set forth in this Agreement.

Appears in 8 contracts

Sources: Subservicing Agreement, Subservicing Agreement (Citigroup Commercial Mortgage Trust 2016-Gc37), Subservicing Agreement (Morgan Stanley Capital I Trust 2016-Ubs9)

Interpretative Matters. For purposes of this Agreement, and except as otherwise expressly provided in this Agreement, all references in this Agreement to "KRECM" and all references to any compensation, fees, or other amounts payable to or by KRECM, any rights, duties or obligations of KRECM, or otherwise, shall be references to KRECM solely in its capacity as master servicer under the related PSA. Notwithstanding anything to the contrary in this agreement, the Subservicer shall not be entitled to receive any portion of any compensation, fee or other amount that is payable to the Special Servicer under any Securitization Servicing Agreement or otherwise. Subservicer’s 's servicing duties and obligations with respect to a specific Mortgage Loan shall be performed in accordance with the related PSA unless otherwise set forth in this Agreement.

Appears in 1 contract

Sources: Subservicing Agreement (Morgan Stanley Bank of America Merrill Lynch Trust 2012-C5)