Common use of Foreclosed Property Account Clause in Contracts

Foreclosed Property Account. The Special Servicer shall establish and maintain one or more deposit accounts (each, a “Foreclosed Property Account”) on behalf of the Trust for the benefit of the Trust Interest Owners in the name of either (A) “LNR Partners, LLC, as Special Servicer on behalf of Wilmington Trust, National Association, as Trustee for the benefit of the registered Holders of MAD Commercial Mortgage Trust 2019-650M, Commercial Mortgage Pass-Through Certificates, Series 2019-650M, the Uncertificated VRR Interest Owners and the Companion Loan Holders, as their interests may appear” related to the Foreclosed Property, if any, held in the name of the Special Servicer on behalf of the Trustee for the benefit of the Trust Interest Owners and the Companion Loan Holders or (B) a limited liability company wholly owned by the Trust and which is managed by the Special Servicer as provided in Section 3.14, related to each Foreclosed Property, if any, held in the name of such limited liability company. Each Foreclosed Property Account shall be an Eligible Account maintained with an Eligible Institution. The Special Servicer shall deposit into the Foreclosed Property Account within two (2) Business Days of receipt all properly identified funds collected and received in connection with the operation or ownership of such Foreclosed Property. On or before the Business Day following the last day of each Collection Period, the Special Servicer shall withdraw the funds in any Foreclosed Property Account received through the end of such Collection Period, net of certain expenses and/or reserves (the amount of such reserves determined in the Special Servicer’s reasonable discretion), and deposit them into the Collection Account in accordance with Section 3.4(a). The Special Servicer shall notify the Certificate Administrator in writing of the location and account number of each Foreclosed Property Account and shall notify the Certificate Administrator in writing prior to any subsequent change thereof.

Foreclosed Property Account. The Special Servicer shall establish and maintain one or more deposit accounts (each, a “Foreclosed Property Account”) on behalf of the Trust for the benefit of the Trust Interest Owners in the name of either (A) “LNR PartnersSitus Holdings, LLC, as Special Servicer on behalf of Wilmington Trust, National Association, as Trustee for the benefit of the registered Holders of MAD BX Commercial Mortgage Trust 20192020-650MVIVA, Commercial Mortgage Pass-Through Certificates, Series 20192020-650MVIVA, the Uncertificated VRR Interest Owners and the Companion Loan Holders, as their interests may appear” related to the each Foreclosed Property, if any, held in the name of the Special Servicer on behalf of the Trustee for the benefit of the Trust Interest Owners and the Companion Loan Holders or (B) a limited liability company wholly owned by the Trust and which is managed by the Special Servicer as provided in Section 3.14, related to each Foreclosed Property, if any, held in the name of such limited liability company. Each Foreclosed Property Account shall be an Eligible Account maintained with an Eligible Institution. The Special Servicer shall deposit into the Foreclosed Property Account within two (2) Business Days of receipt all properly identified funds collected and received in connection with the operation or ownership of such Foreclosed Property. On or before the Business Day following the last day of each Collection Period, the Special Servicer shall withdraw the funds in any Foreclosed Property Account received through the end of such Collection Period, net of certain expenses and/or reserves (the amount of such reserves determined in the Special Servicer’s reasonable discretion), and deposit them into the Collection Account in accordance with Section 3.4(a). The Special Servicer shall notify the Certificate Administrator in writing of the location and account number of each Foreclosed Property Account and shall notify the Certificate Administrator in writing prior to any subsequent change thereof.

Foreclosed Property Account. The Special Servicer shall establish and maintain one or more deposit accounts (each, a the “Foreclosed Property Account”) on behalf of the Trust for the benefit of the Trust Interest Owners in the name of either (Aa) “LNR PartnersSitus Holdings, LLC, as Special Servicer Servicer, on behalf of Wilmington TrustComputershare Trust Company, National Association, as Trustee Trustee, for the benefit of the registered Holders holders of MAD Commercial Mortgage BXP Trust 20192021-650M601L, Commercial Mortgage Pass-Through Certificates, Series 20192021-650M601L, the Uncertificated VRR Interest Owners and the Companion Loan Holders, as their interests may appearForeclosed Property Account” related to the Foreclosed Property, if any, held in the name of the Special Servicer on behalf of the Trustee for the benefit of the Trust Interest Owners Certificateholders (and the Companion Loan Holders Holders) or (Bb) a in the name of the limited liability company wholly owned by the Trust and which is managed by the Special Servicer as provided in for the benefit of the Trustee on behalf of the Certificateholders (and the Companion Loan Holders), formed to hold title to the Foreclosed Property pursuant to Section 3.14, related to each Foreclosed Property, if any, held in the name of such limited liability company. Each Foreclosed Property Account shall must be an Eligible Account maintained with an Eligible Institution. The Special Servicer shall deposit into the Foreclosed Property Account within two (2) Business Days of receipt all properly identified funds collected and received in connection with the operation or ownership of such Foreclosed PropertyProperty during each Collection Period. On or before the Business Day following the last day of each Collection Period, the Special Servicer shall withdraw the funds in any the Foreclosed Property Account received through the end of such Collection PeriodAccount, net of certain expenses and/or reserves (the amount of such expenses and/or reserves as determined in the Special Servicer’s reasonable discretion), and deposit them into the Collection Account in accordance with Section 3.4(a). The Special Servicer shall notify the Certificate Administrator in writing of the location and account number of each the Foreclosed Property Account and shall notify the Certificate Administrator in writing prior to any subsequent change thereof.

Foreclosed Property Account. The Special Servicer shall establish and maintain one or more deposit accounts (each, a “Foreclosed Property Account”) on behalf of the Trust for the benefit of the Trust Interest Owners Certificateholders in the name of either (A) “LNR PartnersSitus Holdings, LLC, as Special Servicer on behalf of Wilmington Trust, National Association, as Trustee for the benefit of the registered Holders of MAD ILPT Commercial Mortgage Trust 20192022-650MLPFX, Commercial Mortgage Pass-Through Certificates, Series 20192022-650M, the Uncertificated VRR Interest Owners LPFX and the Companion Loan HoldersHolder(s), as their interests may appear” related to the each Foreclosed Property, if any, held in the name of the Special Servicer on behalf of the Trustee for the benefit of the Trust Interest Owners Certificateholders and the Companion Loan Holders Holder(s) or (B) a limited liability company wholly owned by the Trust and which is managed by the Special Servicer as provided in Section 3.14, related to each Foreclosed Property, if any, held in the name of such limited liability company. Each Foreclosed Property Account shall be an Eligible Account maintained with an Eligible Institution. The Special Servicer shall deposit into the Foreclosed Property Account within two (2) Business Days of receipt all properly identified funds collected and received in connection with the operation or ownership of such Foreclosed Property. On or before the Business Day following the last day of each Collection Period, the Special Servicer shall withdraw the funds in any Foreclosed Property Account received through the end of such Collection Period, net of certain expenses and/or reserves (the amount of such reserves determined in the Special Servicer’s reasonable discretion), and deposit them into the Collection Account in accordance with Section 3.4(a). The Special Servicer shall notify the Certificate Administrator in writing of the location and account number of each Foreclosed Property Account and shall notify the Certificate Administrator in writing prior to any subsequent change thereof.

Foreclosed Property Account. The Special Servicer shall establish and maintain one or more deposit accounts (each, a “Foreclosed Property Account”) on behalf of the Trust for the benefit of the Trust Interest Owners in the name of either (A) “LNR Partners, LLCKeyBank National Association, as Special Servicer on behalf of Wilmington Trust, National Association, as Trustee for the benefit of the registered Holders of MAD BX Commercial Mortgage Trust 20192024-650MBIO2, Commercial Mortgage Pass-Through Certificates, Series 20192024-650MBIO2, the Uncertificated VRR Interest Owners and the Companion Loan HoldersHolder(s), as their interests may appear” related to the each Foreclosed Property, if any, held in the name of the Special Servicer on behalf of the Trustee for the benefit of the Trust Interest Owners and the Companion Loan Holders Holder(s) or (B) a limited liability company wholly owned by the Trust and which is managed by the Special Servicer as provided in Section 3.14, related to each Foreclosed Property, if any, held in the name of such limited liability company. Each Foreclosed Property Account shall be an Eligible Account maintained with an Eligible Institution. The Special Servicer shall deposit into the Foreclosed Property Account within two (2) Business Days of receipt all properly identified funds collected and received in connection with the operation or ownership of such Foreclosed Property. On or before the Business Day following the last day of each Collection Period, the Special Servicer shall withdraw the funds in any Foreclosed Property Account received through the end of such Collection Period, net of certain expenses and/or reserves (the amount of such reserves determined in the Special Servicer’s reasonable discretion), and deposit them into the Collection Account in accordance with Section 3.4(a). The Special Servicer shall notify the Certificate Administrator in writing of the location and account number of each Foreclosed Property Account and shall notify the Certificate Administrator in writing prior to any subsequent change thereof.

Foreclosed Property Account. The Special Servicer shall establish and maintain one or more deposit accounts (each, a the “Foreclosed Property Account”) on behalf of the Trust for the benefit of the Trust Interest Owners Certificateholders and the Senior Pari Passu Companion Loan Holders in the name of either (Aa) “LNR PartnersAEGON USA Realty Advisors, LLC, as Special Servicer on behalf of for Wilmington Trust, National Association, as Trustee for the benefit of the registered Holders of MAD Commercial BBCMS 2016-ETC Mortgage Trust 2019-650MTrust, Commercial Mortgage Pass-Through Certificates, Series 20192016-650M, the Uncertificated VRR Interest Owners ETC and the Senior Pari Passu Companion Loan Holders, as their interests may appear” or (b) the limited liability company formed to hold title to the Foreclosed Property in Section 3.14 wholly owned by the Trust related to the Foreclosed Property, if any, held in the name of the Special Servicer on behalf of the Trustee for the benefit of the Trust Interest Owners Trustee on behalf of the Certificateholders and the Senior Pari Passu Companion Loan Holders or (B) a limited liability company wholly owned by the Trust and which is managed by the Special Servicer as provided in Section 3.14, related to each Foreclosed Property, if any, held in the name of such limited liability companyHolders. Each The Foreclosed Property Account shall must be an Eligible Account maintained with an Eligible Institution. The Special Servicer shall deposit into the Foreclosed Property Account within two (2) Business Days of receipt all properly identified funds collected and received in connection with the operation or ownership of such Foreclosed Property. On or before the Business Day following the last day of each Collection PeriodDetermination Date, the Special Servicer shall withdraw the funds in any the Foreclosed Property Account received through the end of such Collection PeriodAccount, net of certain expenses and/or reserves (to the extent not inconsistent with the express terms hereof, the amount of such reserves to be determined in the Special Servicer’s reasonable discretion), and deposit them into the Collection Account in accordance with Section 3.4(a). The Special Servicer shall notify the Certificate Administrator in writing of the location and account number of each Foreclosed Property Account and shall notify the Certificate Administrator in writing prior to any subsequent change thereof.in

Foreclosed Property Account. The Special Servicer shall establish and maintain one or more deposit accounts (each, a the “Foreclosed Property Account”) on behalf of the Trust for the benefit of the Trust Interest Owners Certificateholders and the Companion Loan Holders in the name of either (Aa) “LNR PartnersXxxxx Fargo Bank, LLCNational Association, as Special Servicer on behalf of for Wilmington Trust, National Association, as Trustee for the benefit of the registered Holders of MAD Commercial Mortgage 20 Times Square Trust 20192018-650M20TS, Commercial Mortgage Pass-Through Certificates, Series 20192018-650M20TS” or (b) the limited liability company wholly owned by the Trust, managed by the Uncertificated VRR Interest Owners Special Servicer, and formed to hold title to the Companion Loan HoldersForeclosed Property pursuant to Section 3.14, as their interests may appear” related to the Foreclosed Property, if any, held in the name of the Special Servicer on behalf of the Trustee for the benefit of the Trust Interest Owners Trustee on behalf of the Certificateholders and the Companion Loan Holders or (B) a limited liability company wholly owned by the Trust and which is managed by the Special Servicer as provided in Section 3.14, related to each Foreclosed Property, if any, held in the name of such limited liability companyHolders. Each The Foreclosed Property Account shall must be an Eligible Account maintained with an Eligible Institution. The Special Servicer shall deposit into the Foreclosed Property Account within two (2) one Business Days Day of receipt all properly identified funds collected and received in connection with the operation or ownership of such Foreclosed Property. On or before the Business Day following the last day of each Collection PeriodDetermination Date, the Special Servicer shall withdraw the funds in any the Foreclosed Property Account received through the end of such Collection PeriodAccount, net of certain expenses and/or reserves (to the extent not inconsistent with the express terms hereof, the amount of such reserves to be determined in accordance with the Special Servicer’s reasonable discretiondiscretion and in accordance with Accepted Servicing Practices), and deposit them into the Collection Account in accordance with Section 3.4(a). The Special Servicer shall notify the Certificate Administrator in writing of the location and account number of each the Foreclosed Property Account and shall notify the Certificate Administrator in writing prior to any subsequent change thereof.

Foreclosed Property Account. The Special Servicer shall establish and maintain one or more deposit accounts (each, a “Foreclosed Property Account”) on behalf of the Trust for the benefit of the Trust Interest Owners Certificateholders in the name of either (A) “LNR Partners, LLCKeyBank National Association, as Special Servicer on behalf of Wilmington Trust, National Association, as Trustee for the benefit of the registered Holders of MAD NYC Commercial Mortgage Trust 20192021-650M909, Commercial Mortgage Pass-Through Certificates, Series 20192021-650M, the Uncertificated VRR Interest Owners 909 and the Companion Loan Holders101 Holder(s), as their interests may appear” related to the Foreclosed Property, if any, held in the name of the Special Servicer on behalf of the Trustee for the benefit of the Trust Interest Owners Certificateholders and the Companion Loan Holders Holder(s) or (B) a limited liability company wholly owned by the Trust and which is managed by the Special Servicer as provided in Section 3.14, related to each the Foreclosed Property, if any, held in the name of such limited liability company. Each Foreclosed Property Account shall be an Eligible Account maintained with an Eligible Institution. The Special Servicer shall deposit into the Foreclosed Property Account within two (2) Business Days of receipt all properly identified funds collected and received in connection with the operation or ownership of such Foreclosed Property. On or before the Business Day following the last day of each Collection Period, the Special Servicer shall withdraw the funds in any Foreclosed Property Account received through the end of such Collection Period, net of certain expenses and/or reserves (the amount of such reserves determined in the Special Servicer’s reasonable discretion), and deposit them into the Collection Account in accordance with Section 3.4(a). The Special Servicer shall notify the Certificate Administrator in writing of the location and account number of each Foreclosed Property Account and shall notify the Certificate Administrator in writing prior to any subsequent change thereof.

Foreclosed Property Account. The Special Servicer shall establish and maintain one or more deposit accounts (each, a the “Foreclosed Property Account”) on behalf of the Trust for the benefit of the Trust Interest Owners Certificateholders and the Companion Loan Holders in the name of either (Ai) “LNR PartnersAEGON USA Realty Advisors, LLC, as Special Servicer on behalf of for Wilmington Trust, National Association, as Trustee for the benefit of the registered Holders of MAD Commercial Mortgage Xxxxxxx Park Trust 2019-650MLIC, Commercial Mortgage Pass-Through Certificates, Series 2019-650MLIC” or (ii) in the limited liability company formed to hold title to the Foreclosed Property in accordance with Section 3.14 hereof on behalf of the Trustee, for the Uncertificated VRR Interest Owners and benefit of the Companion Loan Holdersregistered Holders of Xxxxxxx Park Trust 2019-LIC, as their interests may appear” Commercial Mortgage Pass-Through Certificates, Series 2019-LIC”, in each case related to the REO Property related to the Foreclosed Property, if any, held in the name of the Special Servicer on behalf of the Trustee (or related limited liability company) for the benefit of the Trust Interest Owners Trustee on behalf of the Certificateholders and the Companion Loan Holders or (B) a limited liability company wholly owned by the Trust and which is managed by Holders; provided, that notwithstanding that the Special Servicer as provided in Section 3.14, related to each Foreclosed Property, if any, held in may establish and maintain the name of such limited liability company. Each Foreclosed Property Account in accordance with sub-clause (ii) above, nothing in this Agreement shall relieve the Special Servicer of its duties and obligations under this Agreement with respect to such Foreclosed Property Account, and the Special Servicer shall remain responsible for, and shall perform its duties and responsibilities hereunder with respect to, such Foreclosed Property Account to the same extent as if such Foreclosed Property Account were established and maintained in accordance with sub-clause (i) above. The Foreclosed Property Account must be an Eligible Account maintained with an Eligible Institution. The Special Servicer shall deposit into the Foreclosed Property Account within two (2) one Business Days Day of receipt all properly identified funds collected and received in connection with the operation or ownership of such Foreclosed Property. On or before the Business Day following the last day of each Collection PeriodDetermination Date, the Special Servicer shall withdraw the funds in any the Foreclosed Property Account received through the end of such Collection PeriodAccount, net of certain expenses and/or reserves (to the extent not inconsistent with the express terms hereof, the amount of such reserves to be determined in accordance with the Special Servicer’s reasonable discretiondiscretion and in accordance with Accepted Servicing Practices), and deposit them into the Collection Account in accordance with Section 3.4(a). The Special Servicer shall notify the Certificate Administrator in writing of the location and account number of each the Foreclosed Property Account and shall notify the Certificate Administrator in writing prior to any subsequent change thereof.

Foreclosed Property Account. The Special Servicer shall establish and maintain one or more deposit accounts (each, a “Foreclosed Property Account”) on behalf of the Trust for the benefit of the Trust Interest Owners Certificateholders in the name of either (A) “LNR Partners, LLCKeyBank National Association, as Special Servicer on behalf of Wilmington Trust, National Association, as Trustee for the benefit of the registered Holders of MAD BWAY Commercial Mortgage Trust 20192022-650M26BW, Commercial Mortgage Pass-Through Certificates, Series 20192022-650M, the Uncertificated VRR Interest Owners 26BW and the Companion Loan HoldersHolder(s), as their interests may appear” related to the Foreclosed Property, if any, held in the name of the Special Servicer on behalf of the Trustee for the benefit of the Trust Interest Owners Certificateholders and the Companion Loan Holders Holder(s) or (B) a limited liability company wholly owned by the Trust and which is managed by the Special Servicer as provided in Section 3.14, related to each the Foreclosed Property, if any, held in the name of such limited liability company. Each Foreclosed Property Account shall be an Eligible Account maintained with an Eligible Institution. The Special Servicer shall deposit into the Foreclosed Property Account within two (2) Business Days of receipt all properly identified funds collected and received in connection with the operation or ownership of such Foreclosed Property. On or before the Business Day following the last day of each Collection Period, the Special Servicer shall withdraw the funds in any Foreclosed Property Account received through the end of such Collection Period, net of certain expenses and/or reserves (the amount of such reserves determined in the Special Servicer’s reasonable discretion), and deposit them into the Collection Account in accordance with Section 3.4(a). The Special Servicer shall notify the Certificate Administrator in writing of the location and account number of each Foreclosed Property Account and shall notify the Certificate Administrator in writing prior to any subsequent change thereof.

Foreclosed Property Account. The Special Servicer shall establish and maintain one or more deposit accounts (each, a the “Foreclosed Property Account”) on behalf of the Trust for the benefit of the Trust Interest Owners Certificateholders and the Senior Pari Passu Companion Loan Holders in the name of either (A) “LNR PartnersTorchlight Loan Services, LLC, as Special Servicer on behalf of Wilmington Trust, for U.S. Bank National Association, as Trustee for the benefit of the registered Holders of MAD Commercial Mortgage Trust 2019BBSG 2016-650MMRP, Commercial Mortgage Pass-Through Certificates, Series 20192016-650M, the Uncertificated VRR Interest Owners MRP and the Senior Pari Passu Companion Loan Holders, as their interests may appear” related to the Foreclosed Property, if any, held in the name of the Special Servicer on behalf of the Trustee for the benefit of the Trust Interest Owners Trustee on behalf of the Certificateholders and the Senior Pari Passu Companion Loan Holders or (B) a limited liability company wholly owned by the Trust and which is managed by the Special Servicer as provided in Section 3.14, related to each Foreclosed Property, if any, held in the name of such limited liability companyHolders. Each The Foreclosed Property Account shall must be an Eligible Account maintained with an Eligible Institution. The Special Servicer shall deposit into the Foreclosed Property Account within two (2) Business Days of receipt all properly identified funds collected and received in connection with the operation or ownership of such Foreclosed Property. On or before the Business Day following the last day of each Collection PeriodDetermination Date, the Special Servicer shall withdraw the funds in any the Foreclosed Property Account received through the end of such Collection PeriodAccount, net of certain expenses and/or reserves (to the extent not inconsistent with the express terms hereof, the amount of such reserves to be determined in the Special Servicer’s reasonable discretionaccordance with Accepted Servicing Practices), and deposit them into the Collection Account in accordance with Section 3.4(a). The Special Servicer shall notify the Certificate Administrator in writing of the location and account number of each Foreclosed Property Account and shall notify the Certificate Administrator in writing prior to any subsequent change thereof.3.4

Foreclosed Property Account. The Special Servicer shall establish and maintain one or more deposit accounts (each, a the “Foreclosed Property Account”) on behalf of the Trust for the benefit of the Trust Interest Owners Certificateholders and any Companion Loan Holder in the name of either (Ai) “LNR PartnersXxxxx Fargo Bank, LLCNational Association, as Special Servicer on behalf of for Wilmington Trust, National Association, as Trustee for the benefit of the registered Holders of MAD BAMLL Commercial Mortgage Trust 2019-650MSecurities Trust, Commercial Mortgage Pass-Through Certificates, Series 20192020-650MBOC” or (ii) in the limited liability company formed to hold title to the Foreclosed Property in accordance with Section 3.14 hereof on behalf of the Trustee, for the Uncertificated VRR Interest Owners and benefit of the Companion Loan Holdersregistered Holders of BAMLL Commercial Mortgage Securities Trust, as their interests may appear” 2020-BOC, Commercial Mortgage Pass-Through Certificates, Series 2020-BOC”, in each case related to the REO Property related to the Foreclosed Property, if any, held in the name of the Special Servicer on behalf of the Trustee (or related limited liability company) for the benefit of the Trust Interest Owners Trustee on behalf of the Certificateholders and the any Companion Loan Holders or (B) a limited liability company wholly owned by the Trust and which is managed by Holders; provided, that notwithstanding that the Special Servicer as provided in Section 3.14, related to each Foreclosed Property, if any, held in may establish and maintain the name of such limited liability company. Each Foreclosed Property Account in accordance with sub-clause (ii) above, nothing in this Agreement shall relieve the Special Servicer of its duties and obligations under this Agreement with respect to such Foreclosed Property Account, and the Special Servicer shall remain responsible for, and shall perform its duties and responsibilities hereunder with respect to, such Foreclosed Property Account to the same extent as if such Foreclosed Property Account were established and maintained in accordance with sub-clause (i) above. The Foreclosed Property Account must be an Eligible Account maintained with an Eligible Institution. The Special Servicer shall deposit into the Foreclosed Property Account within two one (21) Business Days Day of receipt all properly identified funds collected and received in connection with the operation or ownership of such Foreclosed Property. On or before the Business Day following the last day of each Collection PeriodDetermination Date, the Special Servicer shall withdraw the funds in any the Foreclosed Property Account received through the end of such Collection PeriodAccount, net of certain expenses and/or reserves (to the extent not inconsistent with the express terms hereof, the amount of such reserves to be determined in accordance with the Special Servicer’s reasonable discretiondiscretion and in accordance with Accepted Servicing Practices), and deposit them into the Collection Account in accordance with Section 3.4(a). The Special Servicer shall notify the Certificate Administrator in writing of the location and account number of each the Foreclosed Property Account and shall notify the Certificate Administrator in writing prior to any subsequent change thereof.

Foreclosed Property Account. The Special Servicer shall establish and maintain one or more deposit accounts (each, a “Foreclosed Property Account”) on behalf of the Trust for the benefit of the Trust Interest Owners Certificateholders in the name of either (A) “LNR PartnersMidland Loan Services, LLCa Division of PNC Bank, National Association, as Special Servicer on behalf of Wilmington Trust, National Association, as Trustee for the benefit of the registered Holders of MAD Citigroup Commercial Mortgage Trust 20192020-650M555, Commercial Mortgage Pass-Through Certificates, Series 20192020-650M, the Uncertificated VRR Interest Owners 555 and the Companion Loan Holders, as their interests may appear” related to the Foreclosed Property, if any, held in the name of the Special Servicer on behalf of the Trustee for the benefit of the Trust Interest Owners Certificateholders and the Companion Loan Holders or (B) a limited liability company wholly owned by the Trust and which is managed by the Special Servicer as provided in Section 3.14, related to each the Foreclosed Property, if any, held in the name of such limited liability company. Each Foreclosed Property Account shall be an Eligible Account maintained with an Eligible Institution. The Special Servicer shall deposit into the Foreclosed Property Account Account, within two (2) Business Days after receipt of receipt all properly identified funds, all funds collected and received in connection with the operation or ownership of such Foreclosed Property. On or before the Business Day following the last day of each Collection Period, the Special Servicer shall withdraw the funds in any Foreclosed Property Account received through the end of such Collection Period, net of certain expenses and/or reserves (the amount of such reserves determined in the Special Servicer’s reasonable discretion), and deposit them into the Collection Account in accordance with Section 3.4(a). The Special Servicer shall notify the Certificate Administrator in writing of the location and account number of each Foreclosed Property Account and shall notify the Certificate Administrator in writing prior to any subsequent change thereof.

Foreclosed Property Account. The Special Servicer shall establish and maintain one or more deposit accounts (each, a “Foreclosed Property Account”) on behalf of the Trust for the benefit of the Trust Interest Owners in the name of either (A) “LNR Partners, LLCKeyBank National Association, as Special Servicer on behalf of Wilmington Trust, National Association, as Trustee for the benefit of the registered Holders of MAD BX Commercial Mortgage Trust 20192024-650MBIO2, Commercial Mortgage Pass-Through Certificates, Series 20192024-650MBIO2, the Uncertificated VRR 114 Interest Owners and the Companion Loan HoldersHolder(s), as their interests may appear” related to the each Foreclosed Property, if any, held in the name of the Special Servicer on behalf of the Trustee for the benefit of the Trust Interest Owners and the Companion Loan Holders Holder(s) or (B) a limited liability company wholly owned by the Trust and which is managed by the Special Servicer as provided in Section 3.14, related to each Foreclosed Property, if any, held in the name of such limited liability company. Each Foreclosed Property Account shall be an Eligible Account maintained with an Eligible Institution. The Special Servicer shall deposit into the Foreclosed Property Account within two (2) Business Days of receipt all properly identified funds collected and received in connection with the operation or ownership of such Foreclosed Property. On or before the Business Day following the last day of each Collection Period, the Special Servicer shall withdraw the funds in any Foreclosed Property Account received through the end of such Collection Period, net of certain expenses and/or reserves (the amount of such reserves determined in the Special Servicer’s reasonable discretion), and deposit them into the Collection Account in accordance with Section 3.4(a). The Special Servicer shall notify the Certificate Administrator in writing of the location and account number of each Foreclosed Property Account and shall notify the Certificate Administrator in writing prior to any subsequent change thereof.

Foreclosed Property Account. The Special Servicer shall establish and maintain one or more deposit accounts (each, a “Foreclosed Property Account”) on behalf of the Trust for the benefit of the Trust Interest Owners Certificateholders in the name of either (A) “LNR PartnersSitus Holdings, LLC, as Special Servicer on behalf of Wilmington Trust, National Association, as Trustee for the benefit of the registered Holders of MAD Citigroup Commercial Mortgage Trust 20192020-650M420K, Commercial Mortgage Pass-Through Certificates, Series 20192020-650M, the Uncertificated VRR Interest Owners 420K and the Companion Loan HoldersHolder(s), as their interests may appear” related to the each Foreclosed Property, if any, held in the name of the Special Servicer on behalf of the Trustee for the benefit of the Trust Interest Owners Certificateholders and the Companion Loan Holders Holder(s) or (B) a limited liability company wholly owned by the Trust and which is managed by the Special Servicer as provided in Section 3.14, related to each Foreclosed Property, if any, held in the name of such limited liability company. Each Foreclosed Property Account shall be an Eligible Account maintained with an Eligible Institution. The Special Servicer shall deposit into the Foreclosed Property Account within two (2) Business Days of receipt all properly identified funds collected and received in connection with the operation or ownership of such Foreclosed Property. On or before the Business Day following the last day of each Collection Period, the Special Servicer shall withdraw the funds in any Foreclosed Property Account received through the end of such Collection Period, net of certain expenses and/or reserves (the amount of such reserves determined in the Special Servicer’s reasonable discretion), and deposit them into the Collection Account in accordance with Section 3.4(a). The Special Servicer shall notify the Certificate Administrator in writing of the location and account number of each Foreclosed Property Account and shall notify the Certificate Administrator in writing prior to any subsequent change thereof.