Common use of Certain Powers of the Controlling Class Representative Clause in Contracts

Certain Powers of the Controlling Class Representative. (a) Subject to Section 6.11(b), the Controlling Class Representative will be entitled to advise the Special Servicer with respect to the following actions of the Special Servicer; and, further subject to Section 6.11(b), the Special Servicer will not be permitted to take any of the following actions unless and until it has notified the Controlling Class Representative in writing (with a copy to the _______________ Companion Loan Noteholder, if the _______________ Loan Pair is involved) and the Controlling Class Representative has not objected in writing within 10 Business Days of having been notified thereof and having been provided with all information that the Controlling Class Representative has reasonably requested with respect thereto promptly following its receipt of the subject notice (it being understood and agreed that if such written objection has not been received by the Special Servicer within such 10-Business Day period, then the Controlling Class Representative will be deemed to have approved the taking of the subject action):

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Structured Asset Securities Corp Ii)

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Certain Powers of the Controlling Class Representative. (a) Subject to Section SECTION 6.11(b), the Controlling Class Representative will be entitled to advise the Special Servicer with respect to the following actions of the Special Servicer; and, further subject to Section SECTION 6.11(b), the Special Servicer will not be permitted to take any of the following actions unless and until it has notified the Controlling Class Representative in writing (with a copy to the _______________ related Companion Loan Noteholder, Noteholder if the _______________ a Loan Pair is involved) and the Controlling Class Representative has not objected in writing within 10 Business Days of having been notified thereof and having been provided with all information that the Controlling Class Representative has reasonably requested information with respect thereto promptly following its receipt of the subject notice (it being understood and agreed that if such written objection has not been received by the Special Servicer within such 10-Business Day period, then the Controlling Class Representative Representative's approval will be deemed to have approved the taking of the subject actionbeen given):

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Structured Asset Sec Corp Com Mort Pas THR Certs Ser 2000-C3)

Certain Powers of the Controlling Class Representative. (a) Subject to Section 6.11(b), the Controlling Class Representative will be entitled to advise the Special Servicer with respect to the following actions of the Special Servicer; and, further subject to Section 6.11(b), the Special Servicer will not be permitted to take any of the following actions unless and until it has notified the Controlling Class Representative in writing (with a copy to the _______________ UBS Warburg Building Companion Loan Noteholder, Noteholder if the _______________ UBS Warburg Building Loan Pair is involved) and the Controlling Class Representative has not objected in writing within 10 Business Days of having been notified thereof and having been provided with all information that the Controlling Class Representative has reasonably requested with respect thereto promptly following its receipt of the subject notice (it being understood and agreed that if such written objection has not been received by the Special Servicer within such 10-Business Day period, then the Controlling Class Representative Representative's approval will be deemed to have approved the taking of the subject actionbeen given):

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Structured Asset Securities Corp)

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Certain Powers of the Controlling Class Representative. (a) Subject to Section 6.11(b), the Controlling Class Representative will be entitled to advise the Special Servicer with respect to the following actions of the Special Servicer; and, further subject to Section 6.11(b), the Special Servicer will not be permitted to take (or consent to the Master Servicer's taking) any of the following actions unless and until it has notified the Controlling Class Representative in writing (with a copy to the _______________ Companion related XX Xxxx Non-Trust Mortgage Loan Noteholder, if the _______________ a XX Xxxx Loan Pair is involved) and the Controlling Class Representative has not objected in writing within 10 Business Days of having been notified thereof and having been provided with all information that the Controlling Class Representative has reasonably requested with respect thereto promptly following its receipt of the subject notice (it being understood and agreed that if such written objection has not been received by the Special Servicer within such 10-Business Day period, then the Controlling Class Representative will be deemed to have approved the taking of the subject action):

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Structured Asset Sec Corp Lb Ubs Com Mort Tr 2003-C8)

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