Serviced Outside Controlled Loan Combination definition

Serviced Outside Controlled Loan Combination. A Serviced Loan Combination with respect to which the related “controlling note” (regardless of whether such note evidences a Pari Passu Companion Loan or a Subordinate Companion Loan) is not an asset of the Trust. Each Servicing Shift Loan Combination will be a Serviced Outside Controlled Loan Combination prior to the related Servicing Shift Date. Each Servicing Shift Loan Combination will cease to be a Serviced Outside Controlled Loan Combination from and after the related Servicing Shift Date. Each Serviced AB Loan Combination will be a Serviced Outside Controlled Loan Combination for so long as a related Subordinate Companion Loan is evidenced by the “control note” (or analogous concept), or the holder of a related Subordinate Companion Loan is the “directing holder” (or analogous concept), under the related Co-Lender Agreement. As of the Closing Date, the only Serviced Outside Controlled Loan Combinations are any Servicing Shift Loan Combinations.
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Serviced Outside Controlled Loan Combination. A Serviced Loan Combination with respect to which the related “controlling note” (regardless of whether such note evidences a Pari Passu Companion Loan or a Subordinate Companion Loan) is not included in the Trust. There is no Serviced Outside Controlled Loan Combination related to the Trust and references in this Agreement to “Serviced Outside Controlled Loan Combination” shall be disregarded.
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Serviced Outside Controlled Loan Combination. A Serviced Loan Combination with respect to which the related “controlling note” (regardless of whether such note evidences a Pari Passu Companion Loan or a Subordinate Companion Loan) is not included in the Trust. Each Servicing Shift Loan Combination will be a Serviced Outside Controlled Loan Combination prior to the related Servicing Shift Date. Each Servicing Shift Loan Combination will cease to be a Serviced Outside Controlled Loan Combination from and after the related Servicing Shift Date.
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Examples of Serviced Outside Controlled Loan Combination in a sentence

  • Any such appointment of a successor Special Servicer with respect to the Serviced Loans (other than any Serviced Outside Controlled Loan Combination) based on a Certificateholder vote shall be subject to the receipt of a Rating Agency Confirmation.

  • For the avoidance of doubt, with respect to any Serviced Outside Controlled Loan Combination, the Special Servicer shall be responsible for obtaining any consent or deemed consent of the related Outside Controlling Note Holder for “Major Decisions” (as such term or any analogous term is defined in the related Co-Lender Agreement) to the extent such consent is required under this Agreement or under the terms of the related Co-Lender Agreement.

  • The Special Servicer shall also obtain the consent of the related Outside Controlling Note Holder (if a Serviced Outside Controlled Loan Combination is involved) or the Controlling Class Representative (if any other Serviced Loan(s) (exclusive of any Excluded Mortgage Loan(s)) are involved and a Control Termination Event does not exist), as applicable, with respect to any modification, waiver, amendment, consent or other action that constitutes a Major Decision with regard to any Specially Serviced Loan.

  • The Special Servicer for a Serviced Outside Controlled Loan Combination may not be replaced pursuant to this paragraph unless the related Outside Controlling Note Holder so consents.

  • Any such appointment of a successor Special Servicer with respect to the Serviced Loans (other than any Serviced Outside Controlled Loan Combination and The ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ Loan Combination) based on a Pooled Certificateholder vote will be subject to the receipt of a Rating Agency Confirmation.

  • Any such appointment of a successor Special Servicer with respect to the Serviced Loans (other than any Serviced Outside Controlled Loan Combination, the Woodlands Mall Loan Combination and The Centre Loan Combination) based on a Pooled Certificateholder vote will be subject to the receipt of a Rating Agency Confirmation.

  • Any such appointment of a successor Special Servicer with respect to the Serviced Loans (other than any Serviced Outside Controlled Loan Combination and the 360 Spear Loan Combination) based on a Pooled Certificateholder vote shall be subject to the receipt of a Rating Agency Confirmation.

  • Prior to the appointment of any replacement special servicer, such replacement special servicer shall have agreed to succeed to the obligations of the Special Servicer under this Agreement with respect to the Serviced Loans (excluding any Serviced Outside Controlled Loan Combination), and to act as the Special Servicer’s successor hereunder as to such Serviced Loans.

  • The Special Servicer shall also obtain the consent of the related Outside Controlling Note Holder (if a Serviced Outside Controlled Loan Combination is involved) or the Controlling Class Representative (if any other Serviced Loan(s) are involved and a Control Termination Event does not exist), as applicable, with respect to any modification, waiver, amendment or other action that constitutes a Major Decision pursuant to Section 6.09(a) of this Agreement with regard to any Specially Serviced Loan.

  • Any such appointment of a successor Special Servicer with respect to the Serviced Loans (other than any Serviced Outside Controlled Loan Combination, the 360 ▇▇▇▇▇▇▇▇ Loan Combination and the ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ Loan Combination) based on a Pooled Certificateholder vote shall be subject to the receipt of a Rating Agency Confirmation.


More Definitions of Serviced Outside Controlled Loan Combination

Serviced Outside Controlled Loan Combination. A Serviced Loan Combination with respect to which the related “controlling note” (regardless of whether such note evidences a Pari Passu Companion Loan or a Subordinate Companion Loan) is not included in the Trust. Each Servicing Shift Loan Combination will be a Serviced Outside Controlled Loan Combination prior to the related Servicing Shift Date. Each Servicing Shift Loan Combination will cease to be a Serviced Outside Controlled Loan Combination from and after the related Servicing Shift Date. Each Serviced AB Loan Combination will be a Serviced Outside Controlled Loan Combination for so long as a related Subordinate Companion Loan is evidenced by the “control note” (or analogous concept), or the holder of a related Subordinate Companion Loan is the “directing holder” (or analogous concept), under the related Co-Lender Agreement. For the avoidance of doubt, there is no Serviced Outside Controlled Loan Combination relating to the Trust and, therefore, all references in this Agreement to “Serviced Outside Controlled Loan Combination” shall be disregarded.
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Serviced Outside Controlled Loan Combination. A Serviced Loan Combination with respect to which the related “controlling note” (regardless of whether such note evidences a Pari Passu Companion Loan or a Subordinate Companion Loan) is not included in the Trust. Each Servicing Shift Loan Combination will be a Serviced Outside Controlled Loan Combination prior to the related Servicing Shift Controlling Pari Passu Companion Loan Securitization Date. Each Servicing Shift Loan Combination will cease to be a Serviced Outside Controlled Loan Combination from and after the related Servicing Shift Controlling Pari Passu Companion Loan Securitization Date. There is no Serviced Outside Controlled Loan Combination related to the Trust and references in this Agreement to “Serviced Outside Controlled Loan Combination” shall be disregarded.
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Serviced Outside Controlled Loan Combination. A Serviced Loan Combination with respect to which the related “controlling note” (regardless of whether such note evidences a Pari Passu Companion Loan or a Subordinate Companion Loan) is not included in the Trust. The ▇▇▇ ▇▇▇▇▇▇▇▇ Loan Combination will be a Serviced Outside Controlled Loan Combination prior to the ▇▇▇ ▇▇▇▇▇▇▇▇ Controlling Note Securitization Date. The ▇▇▇ ▇▇▇▇▇▇▇▇ Loan Combination will cease to be a Serviced Outside Controlled Loan Combination from and after the ▇▇▇ ▇▇▇▇▇▇▇▇ Controlling Note Securitization Date. The Home Depot - Elk Grove Village Loan Combination will be a Serviced Outside Controlled Loan Combination prior to the Home Depot - Elk Grove Village Controlling Note Securitization Date. The Home Depot - Elk Grove Village Loan Combination will cease to be a Serviced Outside Controlled Loan Combination on and after the Home Depot - Elk Grove Village Controlling Note Securitization Date.
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Serviced Outside Controlled Loan Combination. A Serviced Loan Combination with respect to which the related “controlling note” (regardless of whether such note evidences a Pari Passu Companion Loan or a Subordinate Companion Loan) is not included in the Trust. Each Servicing Shift Loan Combination will be a Serviced Outside Controlled Loan Combination prior to the related Servicing Shift Date. Each Servicing Shift Loan Combination will cease to be a Serviced Outside Controlled Loan Combination from and after the related Servicing Shift Date. There is no Serviced Outside Controlled Loan Combination related to the Trust and references in this Agreement to “Serviced Outside Controlled Loan Combination” shall be disregarded.
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Serviced Outside Controlled Loan Combination. A Serviced Loan Combination with respect to which the related “controlling note” (regardless of whether such note evidences a Pari Passu Companion Loan or a Subordinate Companion Loan) is not or, in the case of the ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ Loan Combination, is deemed not to be an asset of the Trust. Each Servicing Shift Loan Combination will be a Serviced Outside Controlled Loan Combination prior to the related Servicing Shift Date. Each Servicing Shift Loan Combination will cease to be a Serviced Outside Controlled Loan Combination from and after the related Servicing Shift Date. Each Serviced AB Loan Combination will be a Serviced Outside Controlled Loan Combination for so long as a related Subordinate Companion Loan is evidenced by the “control note” (or analogous concept), or the holder of a related Subordinate Companion Loan is the “directing holder” (or analogous concept), under the related Co-Lender Agreement. As of the Closing Date, the only Serviced Outside Controlled Loan Combinations are any Servicing Shift Loan Combinations and the ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ Loan Combination. For so long as a ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ Life Company Control Termination Event has not occurred, the Trust shall be deemed not to hold the related “controlling note” and the ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ Loan Combination shall be a Serviced Outside Controlled Loan Combination.
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Related to Serviced Outside Controlled Loan Combination

  • Serviced Loan Combination A Loan Combination that is being serviced pursuant to this Agreement. The only Serviced Loan Combinations related to the Trust as of the Closing Date are the Loan Combinations as to which “Serviced” is set forth in the Loan Combination Table under the column heading “Servicing Type,” together with any Servicing Shift Loan Combinations. A Servicing Shift Loan Combination will no longer be a Serviced Loan Combination on and after the related Servicing Shift Date.

  • Loan Combination shall include any successor REO Mortgage Loan and the related successor REO Companion Loan(s) (or the related deemed Companion Loan(s), if applicable)). The only Loan Combinations related to the Trust as of the Closing Date are identified in the Loan Combination Table.

  • Loan Combination Custodial Account means the “Loan Combination Custodial Account” or analogous account established for the Mortgage Loan pursuant to the Lead Securitization Servicing Agreement.

  • Serviced Whole Loan means the Serviced Companion Loans and the related Mortgage Loan.

  • Serviced Companion Loan A Companion Loan that is part of a Serviced Loan Combination. With respect to each Servicing Shift Mortgage Loan and the related Servicing Shift Loan Combination, each related Companion Loan will no longer be a Serviced Companion Loan on and after the related Servicing Shift Date.