Litigation Control definition

Litigation Control. As defined in Section 3.32(a) of this Agreement.
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Litigation Control. As defined in Section 3.33(a).
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Litigation Control. As defined in Section 2.03(i).
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Examples of Litigation Control in a sentence

  • Such Litigation Control shall be carried out in accordance with the terms of this Agreement, including, without limitation, the Servicing Standard.

  • Subject to the rights of the Subordinate Class Representative under this Section 3.32, nothing in this paragraph shall be interpreted to preclude either the applicable Master Servicer or the applicable Special Servicer, as applicable, from initiating any Litigation Control related action, suit, litigation or proceeding in its name as a representative of the Trust Fund.

  • Upon becoming aware of or being named in any claim or litigation that falls within the scope of Litigation Control and is of a material nature (a “Material Litigation Control Matter”), the applicable Special Servicer or Master Servicer shall promptly notify the Subordinate Class Representative (during a Subordinate Control Period or Collective Consultation Period) and the Trust Advisor (during any Collective Consultation Period and any Senior Consultation Period) of such claim or litigation.

  • Nothing in this paragraph shall be interpreted to preclude either the Master Servicer or the Special Servicer from initiating any Litigation Control related action, suit, litigation or proceeding in its name as a representative of the Trust Fund.

  • Upon becoming aware of or being named in any claim or litigation that falls within the scope of Litigation Control and is of a material nature (a “Material Litigation Control Matter”), the Special Servicer or Master Servicer shall promptly notify the Subordinate Class Representative (during a Subordinate Control Period or Collective Consultation Period) and the Trust Advisor (during any Collective Consultation Period and any Senior Consultation Period) of such claim or litigation.

  • Subject to the rights of the Subordinate Class Representative under this Section 3.32, nothing in this paragraph shall be interpreted to preclude either the Master Servicer or the Special Servicer, as applicable, from initiating any Litigation Control related action, suit, litigation or proceeding in its name as a representative of the Trust Fund.

  • Nothing in this paragraph shall be interpreted to preclude either the Master Servicer or the Special Servicer from initiating any Litigation Control related action, suit, litigation or proceeding in its name as a representative of the Certificate Administrator, the Trustee or the Custodian, as applicable, or the Trust Fund.

  • Notwithstanding the foregoing, each of the Special Servicer and the Master Servicer, as applicable, shall consult with and keep the Directing Certificateholder and the Trustee advised of any material development including without limitation (i) any material decision concerning Litigation Control and the implementation thereof and (ii) any decision to agree to or propose any terms of settlement, and shall submit any such development or decision to the Directing Certificateholder for its approval or consent.

  • In addition, the Master Servicer shall prepare and submit a monthly status report regarding any Litigation Control matter to the Directing Certificateholder.

  • Upon becoming aware of or being named in any claim or litigation that falls within the scope of Litigation Control, the Master Servicer shall immediately notify the Controlling Class Representative of such claim or litigation.


More Definitions of Litigation Control

Litigation Control has the meaning set forth in Section 9.34.
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Litigation Control or similar provision in the PSA which would allow the special servicer to direct, manage, prosecute, defend and/or settle any claims and/or litigation against ▇▇▇▇▇ Fargo shall include the following: (i) special servicer shall provide ▇▇▇▇▇ Fargo with copies of any notices, process and/or pleadings submitted and/or filed in any such action, suit, litigation or proceeding; (ii) ▇▇▇▇▇ Fargo may retain its own counsel, whose reasonable costs shall be paid by the Trust, and appear in any action, suit, litigation or proceeding on its own behalf in order to represent, protect and defend its interests; and (iii) ▇▇▇▇▇ Fargo shall have the right to approve or disapprove of any judgment, settlement, final order or decree that that may impose liability on ▇▇▇▇▇ Fargo or otherwise materially and adversely affect ▇▇▇▇▇ Fargo, including, but not limited to, damage to ▇▇▇▇▇ Fargo's reputation as a master servicer.
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Litigation Control or similar provision in the PSA which would allow the special servicer to direct, manage, prosecute, defend and/or settle any claims and/or litigation against Wells Fargo shall include the following: (i) special servicer ▇▇▇▇▇ provide Wells Fargo with copies of any notices, process and/or pleadin▇▇ ▇▇bmitted and/or filed in any such action, suit, litigation or proceeding; (ii) Wells Fargo may retain its own counsel, whose reasonable costs ▇▇▇▇l be paid by the Trust, and appear in any action, suit, litigation or proceeding on its own behalf in order to represent, protect and defend its interests; and (iii) Wells Fargo shall have the right to approve or disapprove of a▇▇ ▇▇dgment, settlement, final order or decree that that may impose liability on Wells Fargo or otherwise materially and adversely affect Wells ▇▇▇▇o, including, but not limited to, damage to Wells Fa▇▇▇'▇ reputation as a master servicer.
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Related to Litigation Control

  • Litigation Claims means the claims, rights of action, suits or proceedings, whether in law or in equity, whether known or unknown, that any Debtor or any Estate may hold against any Person or Entity, including, without limitation, the Causes of Action of the Debtors or their Estates, in each case solely to the extent of the Debtors’ or their Estates’ interest therein. A non-exclusive list of the Litigation Claims held by the Debtors as of the Effective Date will be Filed with the Plan Supplement, which will be deemed to include any derivative actions filed against any Debtor as of the Effective Date.

  • Litigation as used herein shall include administrative enforcement actions brought by governmental agencies. The Grantee must also disclose any material litigation threatened or pending involving Subcontractors, consultants, and/or lobbyists. For purposes of this section, “material” refers, but is not limited, to any action or pending action that a reasonable person knowledgeable in the applicable industry would consider relevant to the Work under the Grant Agreement or any development such a person would want to be aware of in order to stay fully apprised of the total mix of information relevant to the Work, together with any litigation threatened or pending that may result in a substantial change in the ▇▇▇▇▇▇▇’s financial condition.

  • CCAA Proceedings means the proceedings commenced by the Applicant under the CCAA as contemplated by the Initial Order;

  • Current Proceeding means any proceeding conducted under any provisions of this subsection that

  • foreign proceeding means a collective judicial or administrative proceeding in a foreign State, including an interim proceeding, pursuant to a law relating to insolvency in which proceeding the assets and affairs of the debtor are subject to control or supervision by a foreign court, for the purpose of reorganization or liquidation;