Common use of Collection of Loan Payments Clause in Contracts

Collection of Loan Payments. (a) The Master Servicer and the Special Servicer shall perform all such duties and obligations and have all such right, power and authority with respect to the [Separately Serviced Mortgage Loan] Loan Group as did the [Other CMBS Series] Master Servicer and the [Other CMBS Series]Special Servicer, respectively, pursuant to Section ______, Section ______ and the first sentence of Section ______ of the [Other CMBS Series PSA]. (b) Amounts collected with respect to the [Separately Serviced Mortgage Loan] Loan Group or any [Separately Serviced Mortgage Loan] REO Property shall, subject to the [Separately Serviced Mortgage Loan] Intercreditor Agreements, be applied as contemplated by Section _______ of the [Other CMBS Series PSA].

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Citigroup Mortgage Loan Trust Inc), Pooling and Servicing Agreement (Citigroup Commercial Mortgage Securities Inc)

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