Common use of CREFC® Loan Periodic Update Files Clause in Contracts

CREFC® Loan Periodic Update Files. Not later than 2:00 p.m. (New York City time) on the second Business Day following each Determination Date (which is also the second Business Day preceding the related Distribution Date), each Master Servicer shall deliver to the Certificate Administrator the CREFC® Loan Periodic Update File, combining information with respect to the Mortgage Loans for which it acts as Master Servicer, reflecting information as of the close of business on such Determination Date. The CREFC® Loan Periodic Update File delivered by the Master Servicers as described above shall be in an electronic format that is mutually acceptable to the applicable Master Servicer and the Certificate Administrator. Notwithstanding the foregoing, the parties agree that the CREFC® Loan Periodic Update File required to be delivered by each Master Servicer in October 2014 will be based solely upon information generated from actual collections received by such Master Servicer or that are remitted to such Master Servicer from the Non-Trust Master Servicer and from information that the respective Mortgage Loan Sellers deliver or cause to be delivered to such Master Servicer (including but not limited to information prepared by third party servicers of the subject Mortgage Loans with respect to the period prior to the Closing Date). The applicable Special Servicer shall from time to time (and, in any event, upon request) provide the applicable Master Servicer with such information in its possession regarding the Specially Serviced Mortgage Loans and Administered REO Properties as may be reasonably necessary for the applicable Master Servicer to prepare each report and any supplemental information to be provided by the applicable Master Servicer to the Certificate Administrator. With respect to each Mortgage Loan (if any) that is identified on Schedule VIII hereto, the initial values of fields 54—”Preceding Fiscal Year NOI”, 68—”Most Recent NOI”, 72—”Most Recent Financial As of Start Date” and 73—”Most Recent Financial As of End Date”) of the CREFC Loan Periodic Update File shall be the initial values set forth opposite such Mortgage Loan on such Schedule VIII. The Mortgaged Property related to the Bank of America Plaza Mortgage Loan is a Significant Obligor.

CREFC® Loan Periodic Update Files. Not later than 2:00 p.m. (New York City time) on the second Business Day following each Determination Date (which is also the second Business Day preceding the related Distribution Date), each Master Servicer shall deliver to the Certificate Administrator the CREFC® Loan Periodic Update File, combining information with respect to the Mortgage Loans for which it acts as Master Servicer, reflecting information as of the close of business on such Determination Date. The CREFC® Loan Periodic Update File delivered by the Master Servicers as described above shall be in an electronic format that is mutually acceptable to the applicable Master Servicer and the Certificate Administrator. Notwithstanding the foregoing, the parties agree that the CREFC® Loan Periodic Update File required to be delivered by each Master Servicer in October January 2014 will be based solely upon information generated from actual collections received by such Master Servicer or that are remitted to such Master Servicer from the Non-Trust Master Servicer and from information that the respective Mortgage Loan Sellers deliver or cause to be delivered to such Master Servicer (including but not limited to information prepared by third third-party servicers of the subject Mortgage Loans with respect to the period prior to the Closing Date). The applicable Special Servicer shall from time to time (and, in any event, upon request) provide the applicable Master Servicer with such information in its possession regarding the Specially Serviced Mortgage Loans and Administered REO Properties as may be reasonably necessary for the applicable Master Servicer to prepare each report and any supplemental information to be provided by the applicable Master Servicer to the Certificate Administrator. With respect to each Mortgage Loan (if any) that is identified on Schedule VIII hereto, the initial values of fields 54—”Preceding Fiscal Year NOI”, 68—”Most Recent NOI”, 72—”Most Recent Financial As of Start Date” and 73—”Most Recent Financial As of End Date”) of the CREFC Loan Periodic Update File shall be the initial values set forth opposite such Mortgage Loan on such Schedule VIII. The Each of the Mortgaged Property related to the Bank of America Garden State Plaza Mortgage Loan, the Mortgaged Property related to The Outlet Collection | Jersey Gardens Mortgage Loan and the Mortgaged Property related to the AmericasMart Mortgage Loan is a Significant Obligor.

CREFC® Loan Periodic Update Files. Not later than 2:00 p.m. (New York City time) on the second Business Day following each Determination Date (which is also the second Business Day preceding the related Distribution Date), each Master Servicer shall deliver to the Certificate Administrator the CREFC® Loan Periodic Update File, combining information with respect to the Mortgage Loans for which it acts as Master Servicer, reflecting information as of the close of business on such Determination Date. The CREFC® Loan Periodic Update File delivered by the Master Servicers as described above shall be in an electronic format that is mutually acceptable to the applicable Master Servicer and the Certificate Administrator. Notwithstanding the foregoing, the parties agree that the CREFC® Loan Periodic Update File required to be delivered by each Master Servicer in October 2014 will be based solely upon information generated from actual collections received by such Master Servicer or that are remitted to such Master Servicer from the Non-Trust Master Servicer and from information that the respective Mortgage Loan Sellers deliver or cause to be delivered to such Master Servicer (including but not limited to information prepared by third third-party servicers of the subject Mortgage Loans with respect to the period prior to the Closing Date). The applicable Special Servicer shall from time to time (and, in any event, upon request) provide the applicable Master Servicer with such information in its possession regarding the Specially Serviced Mortgage Loans and Administered REO Properties as may be reasonably necessary for the applicable Master Servicer to prepare each report and any supplemental information to be provided by the applicable Master Servicer to the Certificate Administrator. With respect to each Mortgage Loan (if any) that is identified on Schedule VIII hereto, the initial values of fields 54—”Preceding Fiscal Year NOI”, 68—”Most Recent NOI”, 72—”Most Recent Financial As of Start Date” and 73—”Most Recent Financial As of End Date”) of the CREFC CREFC® Loan Periodic Update File shall be the initial values set forth opposite such Mortgage Loan on such Schedule VIII. The Mortgaged Property related to the Bank of America Plaza Mortgage Loan is a Significant Obligor.

CREFC® Loan Periodic Update Files. Not later than 2:00 p.m. (New York City time) on the second Business Day following each Determination Date (which is also the second Business Day preceding the related Distribution Date), each the Master Servicer shall deliver to the Certificate Administrator the CREFC® CREFC Loan Periodic Update File, combining information with respect to the Mortgage Loans for which it acts as Master ServicerLoans, reflecting information as of the close of business on such Determination Date. The CREFC® CREFC Loan Periodic Update File delivered by the Master Servicers Servicer as described above shall be in an electronic format that is mutually acceptable to the applicable Master Servicer and the Certificate Administrator. Notwithstanding the foregoing, the parties agree that the CREFC® CREFC Loan Periodic Update File required to be delivered by each the Master Servicer in October 2014 May 2012 will be based solely upon information generated from actual collections received by such Master Servicer or that are remitted to such Master Servicer from the Non-Trust Master Servicer and from information that the respective Mortgage Loan Sellers deliver or cause to be delivered to such the Master Servicer (including but not limited to information prepared by third third-party servicers of the subject Mortgage Loans with respect to the period prior to the Closing Date). The applicable Special Servicer shall from time to time (and, in any event, upon request) provide the applicable Master Servicer with such information in its possession regarding the Specially Serviced Mortgage Loans and Administered REO Properties as may be reasonably necessary for the applicable Master Servicer to prepare each report and any supplemental information to be provided by the applicable Master Servicer to the Certificate Administrator. With respect to each Mortgage Loan (if any) that is identified on Schedule VIII hereto, the initial values of fields 54—”Preceding Fiscal Year NOI”, 68—”Most Recent NOI”, 72—”Most Recent Financial As of Start Date” and 73—”Most Recent Financial As of End Date”) of the CREFC Loan Periodic Update File shall be the initial values set forth opposite such Mortgage Loan on such Schedule VIII. The Mortgaged Property related to the Bank of America Plaza Northridge Fashion Center Mortgage Loan is and the Mortgaged Property related to the Town Center at Xxxx Mortgage Loan are each a Significant Obligor.

CREFC® Loan Periodic Update Files. Not later than 2:00 p.m. (New York City time) on the second Business Day following each Determination Date (which is also the second Business Day preceding the related Distribution Date), each the Master Servicer shall deliver to the Certificate Administrator the CREFC® CREFC Loan Periodic Update File, combining information with respect to the Mortgage Loans for which it acts as Master ServicerLoans, reflecting information as of the close of business on such Determination Date. The CREFC® CREFC Loan Periodic Update File delivered by the Master Servicers Servicer as described above shall be in an electronic format that is mutually acceptable to the applicable Master Servicer and the Certificate Administrator. Notwithstanding the foregoing, the parties agree that the CREFC® CREFC Loan Periodic Update File required to be delivered by each the Master Servicer in October 2014 September 2012 will be based solely upon information generated from actual collections received by such the Master Servicer or that are remitted to such the Master Servicer from the Non-Trust Master Servicer and from information that the respective Mortgage Loan Sellers deliver or cause to be delivered to such the Master Servicer (including but not limited to information prepared by third third-party servicers of the subject Mortgage Loans with respect to the period prior to the Closing Date). The applicable Special Servicer shall from time to time (and, in any event, upon request) provide the applicable Master Servicer with such information in its possession regarding the Specially Serviced Mortgage Loans and Administered REO Properties as may be reasonably necessary for the applicable Master Servicer to prepare each report and any supplemental information to be provided by the applicable Master Servicer to the Certificate Administrator. With respect to each Mortgage Loan (if any) that is identified on Schedule VIII hereto, the initial values of fields 54—”Preceding 54—“Preceding Fiscal Year NOI”, 68—”Most 68—“Most Recent NOI”, 72—”Most Recent Financial As of Start Date” and 73—”Most Recent Financial As of End Date”) of the CREFC Loan Periodic Update File shall be the initial values set forth opposite such Mortgage Loan on such Schedule VIII. The Mortgaged Property related to the Bank of America Plaza Mortgage Loan is a Significant Obligor.,

CREFC® Loan Periodic Update Files. Not later than 2:00 p.m. (New York City time) on the second Business Day following each Determination Date (which is also the second Business Day preceding the related Distribution Date), each the Master Servicer shall deliver to the Certificate Administrator the CREFC® CREFC Loan Periodic Update File, combining information with respect to the Mortgage Loans for which it acts as Master ServicerLoans, reflecting information as of the close of business on such Determination Date. The CREFC® CREFC Loan Periodic Update File delivered by the Master Servicers Servicer as described above shall be in an electronic format that is mutually acceptable to the applicable Master Servicer and the Certificate Administrator. Notwithstanding the foregoing, the parties agree that the CREFC® CREFC Loan Periodic Update File required to be delivered by each the Master Servicer in October 2014 November 2012 will be based solely upon information generated from actual collections received by such Master Servicer or that are remitted to such Master Servicer from the Non-Trust Master Servicer and from information that the respective Mortgage Loan Sellers deliver or cause to be delivered to such the Master Servicer (including but not limited to information prepared by third third-party servicers of the subject Mortgage Loans with respect to the period prior to the Closing Date). The applicable Special Servicer shall from time to time (and, in any event, upon request) provide the applicable Master Servicer with such information in its possession regarding the Specially Serviced Mortgage Loans and Administered REO Properties as may be reasonably necessary for the applicable Master Servicer to prepare each report and any supplemental information to be provided by the applicable Master Servicer to the Certificate Administrator. With respect to each Mortgage Loan (if any) that is identified on Schedule VIII hereto, the initial values of fields 54—”Preceding 54—“Preceding Fiscal Year NOI”, 68—”Most 68—“Most Recent NOI”, 72—”Most 72—“Most Recent Financial As of Start Date” and 73—”Most 73—“Most Recent Financial As of End Date”) of the CREFC Loan Periodic Update File shall be the initial values set forth opposite such Mortgage Loan on such Schedule VIII. The Mortgaged Property related to the Bank of America Plaza Chesterfield Towne Center Mortgage Loan is a Significant Obligor.

CREFC® Loan Periodic Update Files. Not later than 2:00 p.m. (New York City time) on the second Business Day following each Determination Date (which is also the second Business Day preceding the related Distribution Date), each the Master Servicer shall deliver to the Certificate Administrator the CREFC® Loan Periodic Update File, combining information with respect to the Mortgage Loans for which it acts as Master Servicer, reflecting information as of the close of business on such Determination Date. The CREFC® Loan Periodic Update File delivered by the Master Servicers Servicer as described above shall be in an electronic format that is mutually acceptable to the applicable Master Servicer and the Certificate Administrator. Notwithstanding the foregoing, the parties agree that the CREFC® Loan Periodic Update File required to be delivered by each the Master Servicer in October 2014 January 2015 will be based solely upon information generated from actual collections received by such the Master Servicer or that are remitted to such the Master Servicer from the Non-Trust Master Servicer and from information that the respective Mortgage Loan Sellers deliver or cause to be delivered to such the Master Servicer (including but not limited to information prepared by third third-party servicers of the subject Mortgage Loans with respect to the period prior to the Closing Date). The applicable Special Servicer shall from time to time (and, in any event, upon request) provide the applicable Master Servicer with such information in its possession regarding the Specially Serviced Mortgage Loans and Administered REO Properties as may be reasonably necessary for the applicable Master Servicer to prepare each report and any supplemental information to be provided by the applicable Master Servicer to the Certificate Administrator. With respect to each Mortgage Loan (if any) that is identified on Schedule VIII hereto, the initial values of fields 54—”Preceding Fiscal Year NOI”, 68—”Most Recent NOI”, 72—”Most Recent Financial As of Start Date” and 73—”Most Recent Financial As of End Date”) of the CREFC CREFC® Loan Periodic Update File shall be the initial values set forth opposite such Mortgage Loan on such Schedule VIII. The Mortgaged Property Properties related to the Bank of America Plaza St. Xxxxx Town Center Mortgage Loan is and the Colorado Xxxxx Mortgage Loan are each a Significant Obligor.

CREFC® Loan Periodic Update Files. Not later than 2:00 p.m. (New York City time) on the second Business Day following each Determination Date (which is also the second Business Day preceding the related Distribution Date), each the Master Servicer shall deliver to the Certificate Administrator the CREFC® CREFC Loan Periodic Update File, combining information with respect to the Mortgage Loans for which it acts as Master ServicerLoans, reflecting information as of the close of business on such Determination Date. The CREFC® CREFC Loan Periodic Update File delivered by the Master Servicers Servicer as described above shall be in an electronic format that is mutually acceptable to the applicable Master Servicer and the Certificate Administrator. Notwithstanding the foregoing, the parties agree that the CREFC® CREFC Loan Periodic Update File required to be delivered by each the Master Servicer in October 2014 2012 will be based solely upon information generated from actual collections received by such the Master Servicer or that are remitted to such the Master Servicer from the Non-Trust Master Servicer and from information that the respective Mortgage Loan Sellers deliver or cause to be delivered to such the Master Servicer (including but not limited to information prepared by third third-party servicers of the subject Mortgage Loans with respect to the period prior to the Closing Date). The applicable Special Servicer shall from time to time (and, in any event, upon request) provide the applicable Master Servicer with such information in its possession regarding the Specially Serviced Mortgage Loans and Administered REO Properties as may be reasonably necessary for the applicable Master Servicer to prepare each report and any supplemental information to be provided by the applicable Master Servicer to the Certificate Administrator. With respect to each Mortgage Loan (if any) that is identified on Schedule VIII hereto, the initial values of fields 54—”Preceding Fiscal Year NOI”, 68—”Most Recent NOI”, 72—”Most Recent Financial As of Start Date” and 73—”Most Recent Financial As of End Date”) of the CREFC Loan Periodic Update File shall be the initial values set forth opposite such Mortgage Loan on such Schedule VIII. The Mortgaged Property related to the Bank of America Plaza Mortgage Loan is a Significant Obligor.

CREFC® Loan Periodic Update Files. Not later than 2:00 p.m. (New York City time) on the second Business Day following each Determination Date (which is also the second Business Day preceding the related Distribution Date), each the Master Servicer shall deliver to the Certificate Administrator the CREFC® Loan Periodic Update File, combining information with respect to the Mortgage Loans for which it acts as Master Servicer, reflecting information as of the close of business on such Determination Date. The CREFC® Loan Periodic Update File delivered by the Master Servicers Servicer as described above shall be in an electronic format that is mutually acceptable to the applicable Master Servicer and the Certificate Administrator. Notwithstanding the foregoing, the parties agree that the CREFC® Loan Periodic Update File required to be delivered by each the Master Servicer in October July 2014 will be based solely upon information generated from actual collections received by such the Master Servicer or that are remitted to such the Master Servicer from the Non-Trust Master Servicer and from information that the respective Mortgage Loan Sellers deliver or cause to be delivered to such the Master Servicer (including but not limited to information prepared by third third-party servicers of the subject Mortgage Loans with respect to the period prior to the Closing Date). The applicable Special Servicer shall from time to time (and, in any event, upon request) provide the applicable Master Servicer with such information in its possession regarding the Specially Serviced Mortgage Loans and Administered REO Properties as may be reasonably necessary for the applicable Master Servicer to prepare each report and any supplemental information to be provided by the applicable Master Servicer to the Certificate Administrator. With respect to each Mortgage Loan (if any) that is identified on Schedule VIII hereto, the initial values of fields 54—”Preceding Fiscal Year NOI”, 68—”Most Recent NOI”, 72—”Most Recent Financial As of Start Date” and 73—”Most Recent Financial As of End Date”) of the CREFC Loan Periodic Update File shall be the initial values set forth opposite such Mortgage Loan on such Schedule VIII. The Mortgaged Property related to the Bank of America Plaza Woodbridge Center Mortgage Loan is a Significant Obligor.

CREFC® Loan Periodic Update Files. Not later than 2:00 p.m. (New York City time) on the second Business Day following each Determination Date (which is also the second Business Day preceding the related Distribution Date), each Master Servicer shall deliver to the Certificate Administrator the CREFC® Loan Periodic Update File, combining information with respect to the Mortgage Loans for which it acts as Master Servicer, reflecting information as of the close of business on such Determination Date. The CREFC® Loan Periodic Update File delivered by the Master Servicers as described above shall be in an electronic format that is mutually acceptable to the applicable Master Servicer and the Certificate Administrator. Notwithstanding the foregoing, the parties agree that the CREFC® Loan Periodic Update File required to be delivered by each Master Servicer in October June 2014 will be based solely upon information generated from actual collections received by such Master Servicer or that are remitted to such Master Servicer from the Non-Trust Master Servicer and from information that the respective Mortgage Loan Sellers deliver or cause to be delivered to such Master Servicer (including but not limited to information prepared by third third-party servicers of the subject Mortgage Loans with respect to the period prior to the Closing Date). The applicable Special Servicer shall from time to time (and, in any event, upon request) provide the applicable Master Servicer with such information in its possession regarding the Specially Serviced Mortgage Loans and Administered REO Properties as may be reasonably necessary for the applicable Master Servicer to prepare each report and any supplemental information to be provided by the applicable Master Servicer to the Certificate Administrator. With respect to each Mortgage Loan (if any) that is identified on Schedule VIII hereto, the initial values of fields 54—”Preceding 54—“Preceding Fiscal Year NOI”, 68—”Most 68—“Most Recent NOI”, 72—”Most 72—“Most Recent Financial As of Start Date” and 73—”Most 73—“Most Recent Financial As of End Date”) of the CREFC Loan Periodic Update File shall be the initial values set forth opposite such Mortgage Loan on such Schedule VIII. The Mortgaged Property related to the Bank of America Plaza Woodbridge Center Mortgage Loan is a Significant Obligor.

CREFC® Loan Periodic Update Files. Not later than 2:00 p.m. (New York City time) on the second Business Day following each Determination Date (which is also the second Business Day preceding the related Distribution Date), each the Master Servicer shall deliver to the Certificate Administrator the CREFC® CREFC Loan Periodic Update File, combining information with respect to the Mortgage Loans for which it acts as Master ServicerLoans, reflecting information as of the close of business on such Determination Date. The CREFC® CREFC Loan Periodic Update File delivered by the Master Servicers Servicer as described above shall be in an electronic format that is mutually acceptable to the applicable Master Servicer and the Certificate Administrator. Notwithstanding the foregoing, the parties agree that the CREFC® CREFC Loan Periodic Update File required to be delivered by each the Master Servicer in October 2014 [month of first Distribution Date] will be based solely upon information generated from actual collections received by such Master Servicer or that are remitted to such Master Servicer from the Non-Trust Master Servicer and from information that the respective Mortgage Loan Sellers deliver or cause to be delivered to such the Master Servicer (including but not limited to information prepared by third third-party servicers of the subject Mortgage Loans with respect to the period prior to the Closing Date). The applicable Special Servicer shall from time to time (and, in any event, upon request) provide the applicable Master Servicer with such information in its possession regarding the Specially Serviced Mortgage Loans and Administered REO Properties as may be reasonably necessary for the applicable Master Servicer to prepare each report and any supplemental information to be provided by the applicable Master Servicer to the Certificate Administrator. With respect to each Mortgage Loan (if any) that is identified on Schedule VIII hereto, the initial values of fields 54—”Preceding 54—“Preceding Fiscal Year NOI”, 68—”Most 68—“Most Recent NOI”, 72—”Most 72—“Most Recent Financial As of Start Date” and 73—”Most 73—“Most Recent Financial As of End Date”) of the CREFC Loan Periodic Update File shall be the initial values set forth opposite such Mortgage Loan on such Schedule VIII. The Mortgaged Property related to the Bank of America Plaza Mortgage Loan is a Significant Obligor.