and B. F.A. students must complete the Modern Language requirement as described above, unless eligible for exemption. For majors leading to a B.S. degree, Culture and Language courses (usually taken at NDNU) may be substituted for Modern Language.
and B below. Any box not selected shall not be a part of this Agreement. All Loan terms must be filled in.]
and B. The Sub-Servicer shall promptly (but, in the case of inspections, in no event later than thirty (30) days after completion of the related inspection report or, in the case of operating statements, rent rolls, budgets and financial statements, at least five (5) Business Days before Master Servicer must deliver or make available under the Pooling and Servicing Agreement) forward to the Master Servicer a copy of all inspection reports prepared by or on behalf of the Sub-Servicer and electronically deliver a copy of all operating statements, rent rolls, budgets and financial statements collected by the Sub-Servicer. If any inspection report identifies a “life safety” or other material deferred maintenance item existing with respect to the related Mortgaged Property, the Sub-Servicer (x) shall promptly send to the related Mortgagor (with a copy to the Master Servicer by email to xxxxxx@xxxxxxxxxx.xxx) a letter identifying such deferred maintenance item and instructing the related Mortgagor to correct such deferred maintenance item and (y) shall follow up with the related Mortgagor in writing (with a copy to the Master Servicer by email to xxxxxx@xxxxxxxxxx.xxx) and at such frequency as is in accordance with the Servicing Standard to confirm that such deferred maintenance item is being corrected. The Sub-Servicer shall electronically deliver to the Master Servicer in Microsoft Excel format promptly upon completion, and in any event, at least five (5) Business Days before Master Servicer must deliver or make available such reports, statements and files under the Pooling and Servicing Agreement, each CREFC® NOI Adjustment Worksheet and CREFC® Operating Statement Analysis Report.
and B. The provisions of Sections 3.4(a) and (b) shall not apply to any Development meeting the following conditions:
and B. The Sub-Servicer shall establish a custodial account (hereinafter the “Sub-Servicer Collection Account”), meeting all of the requirements of the Collection Account, and references to the Collection Account shall be references to such Sub-Servicer Collection Account. The creation of any Sub-Servicer Collection Account shall be evidenced by a certification in the form of Exhibit F attached hereto and a copy of such certification shall be furnished to the Master Servicer on or prior to the Closing Date and thereafter to the Master Servicer upon any transfer of the Sub-Servicer Collection Account. Notwithstanding the third paragraph of Section 3.04(a) of the Pooling and Servicing Agreement, the Sub-Servicer shall deposit into the Sub-Servicer Collection Account and include in its Sub-Servicer Remittance Amount all Prepayment Interest Excess and all charges for beneficiary statements or demands, assumption fees, modification fees, extension fees or amounts collected for Mortgagor checks returned for insufficient funds collected by the Sub-Servicer to the extent not constituting Additional Sub-Servicing Compensation, including, without limitation, all Penalty Charges. Any amounts of additional servicing compensation payable to the Special Servicer pursuant to Section 3.11(c) of the Pooling and Servicing Agreement shall be remitted to the Special Servicer by the Sub-Servicer. For purposes of the last paragraph of Section 3.04(a) of the Pooling and Servicing Agreement, the Master Servicer shall direct the Special Servicer to make payment of amounts referenced therein with respect to any Specially Serviced Loans (including, but not limited to, principal payments and Principal Prepayments, interest payments, late payment charges and other Penalty Charges, and Insurance and Condemnation Proceeds and Liquidation Proceeds, as more fully described in the Pooling and Servicing Agreement) directly to the Sub-Servicer for deposit in the Sub-Servicer Collection Account. Only the second paragraph of Section 3.04(b) is incorporated herein. The Sub-Servicer shall act as the Companion Paying Agent with respect to the Serviced Pari Passu Companion Loan and shall establish and maintain the Companion Distribution Account, which may be a subaccount of the Sub-Servicer Collection Account.
and B. For Reportable Events under Section III.I.1.a and III.I.1.b, the report to the OIG shall include:
and B. The Primary Servicer shall use efforts consistent with the Servicing Standard to continue all UCC financing statements in favor of the assignee prior to the expiration of such UCC financing statements. The Master Servicer shall forward the Primary Servicer recorded UCC financing statements reflecting the Trust as the secured party. Notwithstanding the foregoing, the Primary Servicer’s authority is restricted as provided in Section 3.01(c)(16) and (28) of this Agreement.
and B for information on project workplans and the quarterly database.)
and B. In enterprises with departments having separate management and powers to take decisions regarding their department, the above provisions apply correspondingly to the department.
and B. Full time and eligible part time employees may join the benefit plans after completion of the probationary period.
