Common use of Servicer or Special Servicer Clause in Contracts

Servicer or Special Servicer. as the case may be, shall consent to the appointment of a conservator or receiver or liquidator in any insolvency, readjustment of debt, marshalling of assets and liabilities or similar proceedings of or relating to Servicer or Special Servicer, as the case may be, or of or relating to all or substantially all of its property;

Appears in 1 contract

Sources: Interim Servicing Agreement (Ares Commercial Real Estate Corp)

Servicer or Special Servicer. as the case may be, shall consent to the appointment of a conservator or receiver or liquidator in any insolvency, readjustment of debt, marshalling of assets and liabilities or similar proceedings of or relating to Servicer or Special Servicer, as the case may be, or of or relating to all or substantially all of its property;; or

Appears in 1 contract

Sources: Interim Servicing Agreement (Ares Commercial Real Estate Corp)