Common use of Servicer and Special Servicer May Own Certificates Clause in Contracts

Servicer and Special Servicer May Own Certificates. The Servicer, the Special Servicer and any agent thereof in its individual or any other capacity may become the owner or pledgee of Certificates with the same rights it would have if it were not the Servicer or the Special Servicer or such agent except as otherwise provided herein (including such restrictions on voting set forth in the definition of Certificateholder).

Appears in 36 contracts

Sources: Trust and Servicing Agreement (BMO 2025-5c12 Mortgage Trust), Trust and Servicing Agreement (Benchmark 2025-V17 Mortgage Trust), Trust and Servicing Agreement (BBCMS Mortgage Trust 2025-5c37)

Servicer and Special Servicer May Own Certificates. The Servicer, the Special Servicer and any agent thereof in its individual or any other capacity may become the owner or pledgee of Certificates with the same rights it would have if it were not the Servicer or Servicer, the Special Servicer or such agent except as otherwise provided herein (including such subject to the restrictions on voting set forth in the definition of Certificateholder).

Appears in 28 contracts

Sources: Trust and Servicing Agreement (Wells Fargo Commercial Mortgage Trust 2025-5c6), Trust and Servicing Agreement (BMO 2025-5c12 Mortgage Trust), Trust and Servicing Agreement (Benchmark 2025-V17 Mortgage Trust)

Servicer and Special Servicer May Own Certificates. The Servicer, the Special Servicer and any agent thereof in its individual or any other capacity may become the owner or pledgee of Certificates with the same rights it would have if it were not the Servicer or the Special Servicer or such agent except as otherwise provided herein (including such subject to the restrictions on voting set forth in the definition of Certificateholder).

Appears in 28 contracts

Sources: Trust and Servicing Agreement (Bank 2020-Bnk25), Trust and Servicing Agreement (Bank 2019-Bnk23), Trust and Servicing Agreement (BBCMS Mortgage Trust 2019-C5)