We use cookies on our site to analyze traffic, enhance your experience, and provide you with tailored content.

For more information visit our privacy policy.

Additional Obligations of the Master Servicer Sample Clauses

Additional Obligations of the Master Servicer. On each Certificate Account Deposit Date, the Master Servicer shall deliver to the Trustee for deposit in the Certificate Account from its own funds and without any right of reimbursement therefor, a total amount equal to the amount of Compensating Interest for the related Distribution Date.
Additional Obligations of the Master ServicerObligations to Notify Ground Lessors; the Special Servicer's Right to Request the Master Servicer to Make Servicing Advances..........................................
Additional Obligations of the Master Servicer. (a) The Master Servicer and the Special Servicer shall each deliver to the other and to the Trustee (for inclusion in the Mortgage File) copies of all Appraisals, environmental reports and engineering reports (or, in each case, updates thereof) obtained with respect to any Mortgaged Property or REO Property. (b) The Master Servicer shall deliver to the Trustee for deposit in the Distribution Account on each P&I Advance Date, without any right of reimbursement therefor, an amount equal to the lesser of (i) the excess, if any, of all Prepayment Interest Shortfalls over all Prepayment Interest Excesses, in each case resulting from Principal Prepayments received in respect of the Mortgage Pool during the most recently ended Collection Period, and (ii) that portion of the aggregate Master Servicing Fees received by the Master Servicer during such Collection Period calculated in respect of all Mortgage Loans at a rate of 0.02% per annum.
Additional Obligations of the Master Servicer. (a) In connection with each Adjustable Rate Mortgage Loan (including without limitation any such Mortgage Loan that is an REO Mortgage Loan), the Master Servicer shall calculate adjustments in the Mortgage Rate and the Monthly Payment and, except in the case of an REO Mortgage Loan, shall notify the Mortgagor of such adjustments, all in accordance with the Mortgage Note and applicable law. In the event the Index for any such Adjustable Rate Mortgage Loan is not published or is otherwise unavailable, the Master Servicer shall select a comparable alternative index with respect to such Mortgage Loan over which it has no direct control, which is readily verifiable and which is acceptable under the terms of the related Mortgage Note. (b) The Master Servicer and the Special Servicer shall each deliver to the other and to the Trustee (for inclusion in the Mortgage File) copies of all Appraisals, environmental reports and engineering reports (or, in each case, updates thereof) obtained with respect to any Mortgaged Property or REO Property. (c) The Master Servicer shall deliver to the Trustee for deposit in the Distribution Account on each P&I Advance Date, without any right of reimbursement therefor, an amount equal to the excess, if any, of all Balloon Payment Interest Shortfalls over all Balloon Payment Interest Excesses, in each case resulting from Balloon Payments received in respect of the Mortgage Pool during the most recently ended Collection Period. (d) The Master Servicer shall deliver to the Trustee for deposit in the Distribution Account on each P&I Advance Date, without any right of reimbursement therefor, an amount equal to the lesser of (i) the excess, if any, of all Prepayment Interest Shortfalls over all Prepayment Interest Excesses, in each case resulting from Principal Prepayments received in respect of the Mortgage Pool during the most recently ended Collection Period, and (ii) that portion of the aggregate Master Servicing Fees received by the Master Servicer during such Collection Period calculated in respect of all the Mortgage Loans (including without limitation REO Mortgage Loans) at a rate of 0.05% per annum. (e) With respect to each Callable Mortgage Loan, the Master Servicer shall take all actions required under the related Call Option and applicable law (including without limitation the giving of all notices in the appropriate format(s)) to make such Mortgage Loan due and owing in its entirety as of the Call Date.
Additional Obligations of the Master Servicer. On each Security Account Deposit Date, the Master Servicer shall deliver to the Trustee for deposit in the Security Account from its own funds and without any right of reimbursement therefor, a total amount equal to the aggregate of the Prepayment Interest Shortfalls for such Distribution Date; provided that the Master Servicer's obligations under this Section on any Distribution Date shall not be more than the total amount of its servicing compensation payable in such month.
Additional Obligations of the Master Servicer. On each Master Servicer Remittance Date, the Master Servicer shall deliver to the Trustee for deposit in the Distribution Account from its own funds and without any right of reimbursement therefor, a total amount equal to the amount of Compensating Interest for the related Distribution Date.
Additional Obligations of the Master Servicer. Section 3.24. Additional Obligations of the Company. Section 3.25. Exchange Act Reporting.
Additional Obligations of the Master ServicerWith respect to the A/B Mortgage Loan designated on the Mortgage Loan Schedule as Mortgage Loan No. 1, pursuant to the Intercreditor Agreement dated as of December 15, 2000 (the "Mezzanine Intercreditor Agreement"), between the mortgagee and Starwood Hotels & Resorts Worldwide, Inc., the Master Servicer (if the related A Note and B Note are not Specially Serviced Mortgage Loans) or the Special Servicer (if the related A Note and B Note are Specially Serviced Mortgage Loans) shall comply with all terms of the Mezzanine Intercreditor Agreement, including, without limitation, giving the "Mezzanine Lender" (as defined in the Mezzanine Intercreditor Agreement) notice of any "Mortgage Event of Default" (as defined in the Mezzanine Intercreditor Agreement) of which the Master Servicer is aware.
Additional Obligations of the Master Servicer. On each Certificate Account Deposit Date, the Master Servicer shall deliver to the Trustee for deposit in the Certificate Account from its own funds and without any right of reimbursement therefor, a total amount equal to the aggregate of the Prepayment Interest Shortfalls for such Distribution Date; provided that the Master Servicer's obligations under this subsection on any Distribution Date shall not be more than the total amount of its servicing compensation payable in such month (exclusive of any portion thereof which is payable to the Trustee). The Master Servicer shall apply all partial Principal Prepayments received as of the first day of the month following the month of receipt, with no resulting reduction in interest payable for the month in which any such partial Principal Prepayment is received.
Additional Obligations of the Master Servicer. (a) The Master Servicer and the Special Servicer shall each deliver to the other and to the Trustee (for inclusion in the Mortgage File) copies of all Appraisals, environmental reports and engineering reports (or, in each case, updates thereof) obtained with respect to any Mortgaged Property or REO Property. (b) The Master Servicer shall deliver to the Trustee for deposit in the Distribution Account on each P&I Advance Date, without any right of reimbursement therefor, an amount equal to the lesser of (i) the excess, if any, of all Prepayment Interest Shortfalls over all Prepayment Interest Excesses, in each case resulting from Principal Prepayments received in respect of the Mortgage Pool during the most recently ended Collection Period, and (ii) that portion of the aggregate Master Servicing Fees received by the Master Servicer during such Collection Period calculated in respect of all Mortgage Loans at a rate of 0.01% per annum; provided, however, that notwithstanding the foregoing provisions, the foregoing rate calculated in clause (ii) above shall be calculated at the Master Servicing Fee Rate in respect of any Prepayment Interest Shortfall created by the Master Servicer's failure to enforce any provision in the Mortgage Loan documents that requires any voluntary prepayment to be made only on the applicable Due Date.