Costs That Are Not Reimbursable. Notwithstanding anything else to the contrary contained herein or in any Ancillary Document, without the prior written consent of the Initial Member (which may be withheld in the Initial Member’s sole and absolute discretion), in no event may the Manager deduct, from the Loan Proceeds, or otherwise use Loan Proceeds to reimburse itself or any Servicer or Subservicer or pay for, any of the following (all of which shall be borne by the Manager in its individual capacity) (collectively, the “Excluded Expenses”):
Appears in 4 contracts
Samples: Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement
Costs That Are Not Reimbursable. Notwithstanding anything else to the contrary contained herein or in any Ancillary other Transaction Document, without the prior written consent of the Initial Member (which may be withheld withheld, conditioned or delayed in the Initial Member’s sole and absolute discretion), in no event may the Manager deduct, from the Loan Asset Proceeds, or otherwise use Loan Asset Proceeds to reimburse itself or any Servicer or Subservicer or pay for, any of the following Excluded Expenses (all of which shall be borne by the Manager in its individual capacity) (collectively, the “Excluded Expenses”):).
Appears in 3 contracts
Samples: Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement
Costs That Are Not Reimbursable. Notwithstanding anything else to the contrary contained herein or in any Ancillary other Transaction Document, without the prior written consent of the Initial Member (which may be withheld withheld, conditioned or delayed in the Initial Member’s sole and absolute discretion), in no event may the Manager deduct, deduct from the Loan Asset Proceeds, or otherwise use Loan Asset Proceeds to reimburse itself or any the Servicer or Subservicer any Sub-Servicer or pay for, any of the following Excluded Expenses (all of which shall be borne by the Manager in its individual capacity) (collectively, the “Excluded Expenses”):).
Appears in 2 contracts
Samples: Limited Liability Company Operating Agreement, Private Owner Interest Sale and Assignment Agreement
Costs That Are Not Reimbursable. Notwithstanding anything else to the contrary contained herein or in any Ancillary Transaction Document, without the prior written consent of the Initial Member (which may be withheld in the Initial Member’s sole and absolute discretion), in no event may the Manager deduct, from the Loan Proceeds, or otherwise use Loan Proceeds to reimburse itself or any Servicer or Subservicer or pay for, any of the following (all of which shall be borne by the Manager in its individual capacity) (collectively, the “Excluded Expenses”):
Appears in 2 contracts
Samples: Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement
Costs That Are Not Reimbursable. Notwithstanding anything else to the contrary contained herein or in any Ancillary Document, without the prior written consent of the Initial Member (which may be withheld in the Initial Member’s sole and absolute discretion), in no event may the Manager deduct, from the Mortgage Loan Proceeds, or otherwise use Mortgage Loan Proceeds to reimburse itself or any Servicer or Subservicer or pay for, any of the following (all of which shall be borne by the Manager in its individual capacity) (collectively, the “Excluded Expenses”):
Appears in 1 contract
