Section 819 Clause Samples

Section 819. Voting................................................ 48 ARTICLE IX Termination, Liquidation and Merger

Section 819. VOTING . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43

Section 819. Voting................................................................................47 Article IX -- Termination, Liquidation and Merger................................................................48 Section 901. Termination upon Expiration Date......................................................48

Section 819. The Primary Servicer shall immediately notify the Master Servicer of any event or circumstance that the Primary Servicer deems a Servicing Transfer Event with respect to the Mortgage Loans, and to the extent of the Primary Servicer’s knowledge, whether such Mortgage Loan is covered by an Environmental Insurance Policy. The final determination as to whether a Servicing Transfer Event has occurred shall be made by the Master Servicer or the Special Servicer. Upon receipt by the Master Servicer of notice from the Special Servicer that a Specially Serviced Mortgage Loan has become a Rehabilitated Mortgage Loan, the Master Servicer shall promptly give the Primary Servicer notice thereof and the full obligations of the Primary Servicer to service and administer such mortgage loan shall resume. The Primary Servicer shall be entitled to continue to receive its Primary Servicing Fee with respect to a Mortgage Loan serviced hereunder while it is a Specially Serviced Mortgage Loan.

Section 819. The Primary Servicer shall promptly notify the Master Servicer of any event or circumstance that the Primary Servicer deems to constitute a Servicing Transfer Event with respect to any Mortgage Loan or A/B Whole Loan and whether such Mortgage Loan or A/B Whole Loan is covered by an Environmental Insurance Policy. The determination as to whether a Servicing Transfer Event has occurred shall be made by the Master Servicer. Upon receipt by the Master Servicer of notice from the Special Servicer that a Specially Serviced Mortgage Loan has become a Rehabilitated Mortgage Loan, the Master Servicer shall promptly give the Primary Servicer notice thereof and the obligation of the Primary Servicer to service and administer such Mortgage Loan or A/B Whole Loan shall resume.

Section 819. Indemnification by the Issuer...............................28

Section 819. VOTING. Except as otherwise provided in this Trust Agreement, the consent or approval of the Administrative Trustees shall require consent or approval by not less than a majority of the Administrative Trustees, unless there are only two, in which case both must consent.

Section 819. Waiver of Appraisement, Usury, Stay and Other Laws ......