is not incorporated herein. The Primary Servicer shall deliver to the Master Servicer, no later than 3:00 p.m. New York City time on the Primary Servicer Reporting Date, by electronic transmission in a mutually agreeable format, the CREFC® Loan Periodic Update File, providing the required information as of such Determination Date. The Primary Servicer shall deliver to the Master Servicer by electronic transmission (in a mutually agreeable format) (a) not later than 3:00 p.m. New York City time on the first Business Day following each Determination Date, the Collection Report (the information therein to be stated as of the Determination Date) in the form of Exhibit G and (b) within thirty (30) days after the end of each calendar quarter, beginning with the quarter ending in December of 2014, the certification on the Mortgage Loans, including without limitation information regarding UCC Financing Statements, taxes, insurance premiums, ground rents and accounts, required by and in the form of Exhibit E attached hereto. The Primary Servicer shall deliver to the Master Servicer no later than 3:00 pm New York City time on the third Business Day of each month by electronic transmission in a mutually agreeable format, a remittance report containing scheduled balance information for each Mortgage Loan reflecting the scheduled Periodic Payment for such month in the form of Exhibit G attached hereto. In addition, on each day that the Primary Servicer forwards to the Master Servicer any funds pursuant to Section 3.01(c)(11) of this Agreement, the Primary Servicer shall deliver to the Master Servicer by electronic transmission in a mutually agreeable format, a report of the nature of such remittance in the form of Exhibit G attached hereto.
Appears in 3 contracts
Samples: Primary Servicing Agreement (WFRBS Commercial Mortgage Trust 2014-C22), Primary Servicing Agreement (WFRBS Commercial Mortgage Trust 2014-C22), Primary Servicing Agreement (WFRBS Commercial Mortgage Trust 2014-C23)
is not incorporated herein. The Primary Servicer shall deliver to the Master Servicer, (a) no later than 3:00 1:00 p.m. New York City time on the Primary Servicer Reporting Date (or, in the case of the Serviced Whole Loans, on the earlier of the Primary Servicer Reporting Date or the Other Determination Date Remittance Date), by electronic transmission in a mutually agreeable formatformat designated by the Master Servicer, the CREFC® Loan Periodic Update File, providing the required information as of such Determination Date. The Primary Servicer shall deliver to the Master Servicer by electronic transmission , (in a mutually agreeable formatb) (a) not no later than 3:00 1:00 p.m. New York City time on the first Business Day following each Primary Servicer Reporting Date (or, in the case of the Serviced Whole Loans, on the earlier of the Primary Servicer Reporting Date or the Other Determination Date Remittance Date), by electronic transmission in a format designated by the Master Servicer the Collection Report (the information therein to be stated as of the Determination Date) in the form of Exhibit G attached hereto and (bc) within thirty (30) days after the end of each calendar quarter, beginning with the quarter ending in December of 2014on June 30, 2016, the certification on the Mortgage Loans and the Serviced Companion Loans, including without limitation information regarding UCC Financing Statementsfinancing statements, taxes, insurance premiums, premiums and ground rents and accountsrents, required by and in the form of Exhibit E attached hereto. The Primary Servicer shall deliver to the Master Servicer no later than 3:00 pm New York City time on the third second Business Day of each month by electronic transmission in a mutually agreeable formatformat designated by the Master Servicer, a remittance report containing scheduled balance information for each the Mortgage Loan Loans and the Serviced Companion Loans reflecting the scheduled Periodic Payment for such month in the form of Exhibit G attached hereto. In addition, on each day that the Primary Servicer forwards to the Master Servicer any funds pursuant to Section 3.01(c)(11) or Section 3.01(c)(13) of this Agreement, the Primary Servicer shall deliver to the Master Servicer by electronic transmission (with a copy to xxxxxxxxxx.xxxxxxxxxxxxxxx.xxxx@xxxxxxxxxx.xxx) in a mutually agreeable formatformat reasonably acceptable to the Master Servicer and the Primary Servicer, a report of the nature of such remittance in the form of Exhibit G attached hereto. The Primary Servicer shall also prepare and deliver to the Master Servicer not later than 1:00 p.m. New York City time by the twenty-fifth day of each month, a certification in the form of Exhibit J attached hereto. The Primary Servicer shall also prepare and deliver to the Master Servicer such other reports as reasonably requested by the Master Servicer from time to time.
Appears in 3 contracts
Samples: Primary Servicing Agreement (CFCRE 2016-C3 Mortgage Trust), Primary Servicing Agreement (Citigroup Commercial Mortgage Trust 2016-Gc36), Primary Servicing Agreement (CFCRE 2016-C4 Mortgage Trust)
is not incorporated herein. The Primary Servicer shall deliver to the Master Servicer, no later than 3:00 p.m. New York City time on the Primary Servicer Reporting Date, by electronic transmission in a mutually agreeable format, the CREFC® CREFC Loan Periodic Update File, providing the required information as of such Determination Date. The Primary Servicer shall deliver to the Master Servicer by electronic transmission (in a mutually agreeable format) (a) not later than 3:00 p.m. New York City time on the first Business Day following each Determination Date, the Collection Report (the information therein to be stated as of the Determination Date) in the form of Exhibit G and (b) within thirty (30) days after the end of each calendar quarter, beginning with the quarter ending in December June of 20142013, the certification on the Mortgage Loans, including without limitation information regarding UCC Financing Statements, taxes, insurance premiums, ground rents and accounts, required by and in the form of Exhibit E attached hereto. The Primary Servicer shall deliver to the Master Servicer no later than 3:00 pm New York City time on the third Business Day of each month by electronic transmission in a mutually agreeable format, a remittance report containing scheduled balance information for each Mortgage Loan reflecting the scheduled Periodic Payment for such month in the form of Exhibit G attached hereto. In addition, on each day that the Primary Servicer forwards to the Master Servicer any funds pursuant to Section 3.01(c)(11) of this Agreement, the Primary Servicer shall deliver to the Master Servicer by electronic transmission in a mutually agreeable format, a report of the nature of such remittance in the form of Exhibit G attached hereto.
Appears in 2 contracts
Samples: Primary Servicing Agreement (WFRBS Commercial Mortgage Trust 2013-C12), Primary Servicing Agreement (WFRBS Commercial Mortgage Trust 2013-C12)
is not incorporated herein. The Primary Sub-Servicer shall deliver to the Master Servicer, no later than 3:00 p.m. New York City time on the Primary Servicer Reporting Date, by electronic transmission in a mutually agreeable format, the CREFC® Loan Periodic Update File, providing the required information as of such Determination Date. The Primary Servicer shall deliver to the Master Servicer by electronic transmission (in a mutually agreeable format) (a) not later than 3:00 4:00 p.m. New York City time on the first Business Day following each Determination Date, by electronic transmission in the format designated by the Master Servicer, the CREFC® Financial File, the CREFC® Property File and the CREFC® Comparative Financial Status Report (except for the first two Distribution Dates), the CREFC® Loan Level Reserve/LOC Report, a CREFC® Loan Periodic Update File, a CREFC® Delinquent Loan Status Report and a CREFC® Servicer Watch List/Portfolio Review Guidelines, CREFC® Total Loan Report, each providing the required information as of such Determination Date; provided that from the Closing Date until thirty (30) days following written notice by the Master Servicer to the Sub-Servicer of the Master Servicer’s decision to require the delivery of the CREFC® Loan Periodic Update File, the Sub-Servicer shall not be required to deliver a CREFC® Loan Periodic Update File; provided, further, that from the Closing Date until thirty (30) days following written notice by the Master Servicer to the Sub-Servicer of the Master Servicer’s decision to require delivery of the CREFC® Delinquent Loan Status Report, the Sub-Servicer shall not be required to deliver a CREFC® Delinquent Loan Status Report. The Sub-Servicer shall deliver to the Master Servicer by electronic transmission in a format mutually agreed upon by the Master Servicer and the Sub-Servicer, not later than 4:00 p.m. New York City time on the first Business Day following the Determination Date by electronic transmission in a format mutually agreed upon by the Master Servicer and the Sub-Servicer, (a) on a monthly basis, the Collection Report (the information therein in such report to be stated as of the Determination Date) in the form of Exhibit G and ), (b) within thirty (30) days after the end of each calendar quarter, beginning with the quarter ending in December of 2014on a monthly basis, the certification CREFC® Loan Periodic Update File (subject to the proviso in the preceding sentence), and (c) on a quarterly basis, the information on the Mortgage LoansLoans and the Serviced Pari Passu Companion Loan, including without limitation information regarding UCC Financing Statements, taxes, insurance premiums, premiums and ground rents and accountson a quarterly basis, starting for the quarter ending June 30, 2016 (provided that the first such certification shall cover the period from the Closing Date to the end of such quarter), within thirty days of the end of such quarter, required by and in the form of Exhibit E attached hereto; provided that from the Closing Date until thirty (30) days following written notice by the Master Servicer to the Sub-Servicer of the Master Servicer’s decision to require delivery of the Collection Report, the Sub-Servicer shall not be required to deliver a Collection Report and shall instead deliver a Remittance Report. The Primary Sub-Servicer shall deliver to the Master Servicer no later than 3:00 pm New York City time on the third first Business Day of each month by electronic transmission in a mutually agreeable format, the format designated by the Master Servicer a remittance report containing scheduled balance information for each Mortgage Loan and Serviced Pari Passu Companion Loan reflecting the scheduled Periodic Monthly Payment for such month in the form of Exhibit G attached hereto; provided that from the Closing Date until thirty (30) days following written notice by the Master Servicer to the Sub-Servicer of the Master Servicer’s decision to require delivery of the remittance report in the form of Exhibit G attached hereto, the Sub-Servicer shall not be required to deliver a remittance report in the form of Exhibit G attached hereto and shall instead deliver a remittance report in the form of Exhibit L attached hereto. In addition, on each day that the Primary Sub-Servicer forwards to the Master Servicer any funds pursuant to Section 3.01(c)(113.01(c)(12) and Section 3.01(c)(34) of this Agreement, the Primary Sub-Servicer shall deliver to the Master Servicer by electronic transmission in a mutually agreeable format, the format designated by the Master Servicer a report of the nature of such remittance in the form of Exhibit G attached hereto; provided that from the Closing Date until thirty (30) days following written notice by the Master Servicer to the Sub-Servicer of the Master Servicer’s decision to require delivery of the remittance report in the form of Exhibit G attached hereto, the Sub-Servicer shall not be required to deliver a remittance report in the form of Exhibit G attached hereto and shall instead deliver a remittance report in the form of Exhibit L attached hereto. The Sub-Servicer shall also prepare and deliver to the Master Servicer, not later than 4:00 p.m. New York City time on the 25th day of each calendar month following each calendar quarter, a certification in the form of Exhibit J attached hereto regarding the reconciliation of the Sub-Servicer Collection Account and the Sub-Servicer Loan Combination Custodial Account as of the last day of the immediately preceding calendar month. Following the Closing Date, the Master Servicer shall provide a CREFC® Loan Setup File, CREFC® Property File and CREFCÒ Comparative Financial Status Report to the Sub-Servicer. The Sub-Servicer shall promptly (but at least five (5) Business Days before the Master Servicer must deliver or make available such items under the Pooling and Servicing Agreement) deliver electronically to the Master Servicer all operating statements, rent rolls, budgets and financial statements collected by the Sub-Servicer. The Sub-Servicer shall electronically deliver to the Master Servicer in Microsoft Excel format promptly upon completion, and in any event, at least five (5) Business Days before Master Servicer must deliver or make available such reports, statements and files under the Pooling and Servicing Agreement, each CREFC® NOI Adjustment Worksheet and CREFC® Operating Statement Analysis Report.
Appears in 2 contracts
Samples: Sub Servicing Agreement (Citigroup Commercial Mortgage Trust 2016-P4), Sub Servicing Agreement (Citigroup Commercial Mortgage Trust 2016-P3)
is not incorporated herein. The Primary Sub-Servicer shall deliver to the Master Servicer, no later than 3:00 p.m. New York City time on the Primary Servicer Reporting Date, by electronic transmission in a mutually agreeable format, the CREFC® Loan Periodic Update File, providing the required information as of such Determination Date. The Primary Servicer shall deliver to the Master Servicer by electronic transmission (in a mutually agreeable format) (a) not later than 3:00 4:00 p.m. New York City time on the first Business Day following each Determination Date, by electronic transmission in the format designated by the Master Servicer, the CREFC® Financial File, the CREFC® Property File and the CREFC® Comparative Financial Status Report (except for the first two Distribution Dates), the CREFC® Loan Level Reserve/LOC Report, a CREFC® Loan Periodic Update File, a CREFC® Delinquent Loan Status Report and a CREFC® Servicer Watch List/Portfolio Review Guidelines, CREFC® Total Loan Report, each providing the required information as of such Determination Date; provided that from the Closing Date until thirty (30) days following written notice by the Master Servicer to the Sub-Servicer of the Master Servicer’s decision to require the delivery of the CREFC® Loan Periodic Update File, the Sub-Servicer shall not be required to deliver a CREFC® Loan Periodic Update File; provided, further, that from the Closing Date until thirty (30) days following written notice by the Master Servicer to the Sub-Servicer of the Master Servicer’s decision to require delivery of the CREFC® Delinquent Loan Status Report, the Sub-Servicer shall not be required to deliver a CREFC® Delinquent Loan Status Report. The Sub-Servicer shall deliver to the Master Servicer by electronic transmission in a format mutually agreed upon by the Master Servicer and the Sub-Servicer, not later than 4:00 p.m. New York City time on the first Business Day following the Determination Date by electronic transmission in a format mutually agreed upon by the Master Servicer and the Sub-Servicer, (a) on a monthly basis, the Collection Report (the information therein in such report to be stated as of the Determination Date) in the form of Exhibit G and ), (b) within thirty (30) days after the end of each calendar quarter, beginning with the quarter ending in December of 2014on a monthly basis, the certification CREFC® Loan Periodic Update File (subject to the proviso in the preceding sentence), and (c) on a quarterly basis, the information on the Mortgage LoansLoans and the Serviced Pari Passu Companion Loan, including without limitation information regarding UCC Financing Statements, taxes, insurance premiums, premiums and ground rents and accountson a quarterly basis, starting for the quarter ending September 30, 2016 (provided that the first such certification shall cover the period from the Closing Date to the end of such quarter), within thirty days of the end of such quarter, required by and in the form of Exhibit E attached hereto; provided that from the Closing Date until thirty (30) days following written notice by the Master Servicer to the Sub-Servicer of the Master Servicer’s decision to require delivery of the Collection Report, the Sub-Servicer shall not be required to deliver a Collection Report and shall instead deliver a Remittance Report. The Primary Sub-Servicer shall deliver to the Master Servicer no later than 3:00 pm New York City time on the third first Business Day of each month by electronic transmission in a mutually agreeable format, the format designated by the Master Servicer a remittance report containing scheduled balance information for each Mortgage Loan and Serviced Pari Passu Companion Loan reflecting the scheduled Periodic Monthly Payment for such month in the form of Exhibit G attached hereto; provided that from the Closing Date until thirty (30) days following written notice by the Master Servicer to the Sub-Servicer of the Master Servicer’s decision to require delivery of the remittance report in the form of Exhibit G attached hereto, the Sub-Servicer shall not be required to deliver a remittance report in the form of Exhibit G attached hereto and shall instead deliver a remittance report in the form of Exhibit L attached hereto. In addition, on each day that the Primary Sub-Servicer forwards to the Master Servicer any funds pursuant to Section 3.01(c)(113.01(c)(12) and Section 3.01(c)(35) of this Agreement, the Primary Sub-Servicer shall deliver to the Master Servicer by electronic transmission in a mutually agreeable format, the format designated by the Master Servicer a report of the nature of such remittance in the form of Exhibit G attached hereto; provided that from the Closing Date until thirty (30) days following written notice by the Master Servicer to the Sub-Servicer of the Master Servicer’s decision to require delivery of the remittance report in the form of Exhibit G attached hereto, the Sub-Servicer shall not be required to deliver a remittance report in the form of Exhibit G attached hereto and shall instead deliver a remittance report in the form of Exhibit L attached hereto. The Sub-Servicer shall also prepare and deliver to the Master Servicer, not later than 4:00 p.m. New York City time on the 25th day of each calendar month following each calendar quarter, a certification in the form of Exhibit J attached hereto regarding the reconciliation of the Sub-Servicer Collection Account and the Sub-Servicer Loan Combination Custodial Account as of the last day of the immediately preceding calendar month. Following the Closing Date, the Master Servicer shall provide a CREFC® Loan Setup File, CREFC® Property File and CREFCÒ Comparative Financial Status Report to the Sub-Servicer. The Sub-Servicer shall promptly (but at least five (5) Business Days before the Master Servicer must deliver or make available such items under the Pooling and Servicing Agreement) deliver electronically to the Master Servicer all operating statements, rent rolls, budgets and financial statements collected by the Sub-Servicer. The Sub-Servicer shall electronically deliver to the Master Servicer in Microsoft Excel format promptly upon completion, and in any event, at least five (5) Business Days before Master Servicer must deliver or make available such reports, statements and files under the Pooling and Servicing Agreement, each CREFC® NOI Adjustment Worksheet and CREFC® Operating Statement Analysis Report.
Appears in 2 contracts
Samples: Sub Servicing Agreement (Citigroup Commercial Mortgage Trust 2016-P5), Sub Servicing Agreement (Citigroup Commercial Mortgage Trust 2016-P4)
is not incorporated herein. The Primary Servicer shall deliver to the Master Servicer, (a) no later than 3:00 1:00 p.m. New York City time on the Primary Servicer Reporting DateDate (or such earlier date as required by the related Intercreditor Agreement), by electronic transmission in a mutually agreeable formatformat designated by the Master Servicer, the CREFC® Loan Periodic Update File, providing the required information as of such Determination Date. The Primary Servicer shall deliver to the Master Servicer by electronic transmission , (in a mutually agreeable formatb) (a) not no later than 3:00 1:00 p.m. New York City time on the first Business Day following each Determination Primary Servicer Reporting Date, by electronic transmission in a format designated by the Master Servicer the Collection Report (the information therein to be stated as of the Determination Date) in the form of Exhibit G attached hereto and (bc) within thirty (30) days after the end of each calendar quarter, beginning with the quarter ending in December of 2014on March 31, 2016, the certification on the Mortgage Loans and the Serviced Companion Loans, including without limitation information regarding UCC Financing Statementsfinancing statements, taxes, insurance premiums, premiums and ground rents and accountsrents, required by and in the form of Exhibit E attached hereto. The Primary Servicer shall deliver to the Master Servicer no later than 3:00 pm New York City time on the third second Business Day of each month by electronic transmission in a mutually agreeable formatformat designated by the Master Servicer, a remittance report containing scheduled balance information for each the Mortgage Loan Loans and the Serviced Companion Loans reflecting the scheduled Periodic Payment for such month in the form of Exhibit G attached hereto. In addition, on each day that the Primary Servicer forwards to the Master Servicer any funds pursuant to Section 3.01(c)(11) or Section 3.01(c)(13) of this Agreement, the Primary Servicer shall deliver to the Master Servicer by electronic transmission (with a copy to xxxxxxxxxx.xxxxxxxxxxxxxxx.xxxx@xxxxxxxxxx.xxx) in a mutually agreeable formatformat reasonably acceptable to the Master Servicer and the Primary Servicer, a report of the nature of such remittance in the form of Exhibit G attached hereto. The Primary Servicer shall also prepare and deliver to the Master Servicer not later than 1:00 p.m. New York City time by the twenty-fifth day of each month, a certification in the form of Exhibit J attached hereto. The Primary Servicer shall also prepare and deliver to the Master Servicer such other reports as reasonably requested by the Master Servicer from time to time.
Appears in 2 contracts
Samples: Primary Servicing Agreement (Citigroup Commercial Mortgage Trust 2016-Gc36), Primary Servicing Agreement (CFCRE 2016-C3 Mortgage Trust)
is not incorporated herein. The Primary Servicer shall deliver not be obligated to make any Servicing Advances, except as described in the Master Servicer, no later than 3:00 p.m. New York City time on the Primary Servicer Reporting Date, by electronic transmission in a mutually agreeable format, the CREFC® Loan Periodic Update File, providing the required information as of such Determination Datefollowing sentence. The Primary Servicer shall deliver to give the Master Servicer by electronic transmission not less than five (in a mutually agreeable format5) (a) not later than 3:00 p.m. New York City time Business Days’ notice before the date on the first Business Day following each Determination Date, the Collection Report (the information therein to be stated as of the Determination Date) in the form of Exhibit G and (b) within thirty (30) days after the end of each calendar quarter, beginning with the quarter ending in December of 2014, the certification on the Mortgage Loans, including without limitation information regarding UCC Financing Statements, taxes, insurance premiums, ground rents and accounts, required by and in the form of Exhibit E attached hereto. The Primary Servicer shall deliver to which the Master Servicer no later than 3:00 pm New York City time on the third Business Day of each month by electronic transmission in a mutually agreeable format, a remittance report containing scheduled balance information for each is required to make any Servicing Advance with respect to any Mortgage Loan reflecting the scheduled Periodic Payment for or A/B Whole Loan; provided, however, that, with respect to any Servicing Advance required to be made on an urgent or emergency basis such month in the form of Exhibit G attached hereto. In addition, on each day that the Primary Servicer forwards is unable to provide the Master Servicer any funds pursuant with sufficient notice to Section 3.01(c)(11) of this Agreementenable the Master Servicer to make such Servicing Advance, the Primary Servicer shall deliver make such Servicing Advance and the Master Servicer shall reimburse the Primary Servicer for such Servicing Advance within five (5) Business Days of receipt of written request therefore and interest thereon at the Advance Rate without regard to the Master Servicer’s determination of recoverability. In addition, the Primary Servicer shall provide the Master Servicer with such information in its possession as the Master Servicer may reasonably request to enable the Master Servicer to determine whether a requested Servicing Advance would constitute a Nonrecoverable Advance. To the extent that the Master Servicer or the Special Servicer makes an determination that any previous or future Servicing Advances on a related Mortgage Loan or A/B Whole Loan is a Nonrecoverable Advance, then the Primary Servicer shall be entitled to conclusively rely on such determination and shall not be required to make any Servicing Advance on the related Mortgage Loan or A/B Whole Loan. The Master Servicer shall promptly notify the Primary Servicer of any determination of non-recoverability made by electronic transmission it or by the Special Servicer with the respect to a Mortgage Loan or A/B Whole Loan. For the avoidance of doubt and notwithstanding anything stated herein, the Primary Servicer has no obligation to make any P&I Advances and any reference to Advances incorporated herein in a mutually agreeable formatthis Section 3.01(c) shall be interpreted to mean only Servicing Advances, a report of to the nature of such remittance in the form of Exhibit G attached heretoextent required under this Section 3.01(c)(3).
Appears in 2 contracts
Samples: Primary Servicing Agreement (Morgan Stanley Capital I Trust 2011-C3), Primary Servicing Agreement (Morgan Stanley Capital I Trust 2011-C3)
is not incorporated herein. The Primary Sub-Servicer shall deliver to the Master Servicer, no later than 3:00 p.m. New York City time on the Primary Servicer Reporting Date, by electronic transmission in a mutually agreeable format, the CREFC® Loan Periodic Update File, providing the required information as of such Determination Date. The Primary Servicer shall deliver to the Master Servicer by electronic transmission (in a mutually agreeable format) (a) not later than 3:00 4:00 p.m. New York City time on the first Business Day following each Determination Date, by electronic transmission in the format designated by the Master Servicer, the CREFC® Financial File, the CREFC® Property File and the CREFC® Comparative Financial Status Report, the CREFC® Loan Level Reserve/LOC Report, a CREFC® Loan Periodic Update File, a CREFC® Delinquent Loan Status Report and a CREFC® Servicer Watch List, each providing the required information as of such Determination Date; provided that from the Closing Date until thirty (30) days following written notice by the Master Servicer to the Sub-Servicer of the Master Servicer’s decision to require the delivery of the CREFC® Loan Periodic Update File, the Sub-Servicer shall not be required to deliver a CREFC® Loan Periodic Update File; provided, further, that from the Closing Date until thirty (30) days following written notice by the Master Servicer to the Sub-Servicer of the Master Servicer’s decision to require delivery of the CREFC® Delinquent Loan Status Report, the Sub-Servicer shall not be required to deliver a CREFC® Delinquent Loan Status Report. The Sub-Servicer shall deliver to the Master Servicer by electronic transmission in a format mutually agreed upon by the Master Servicer and the Sub-Servicer, not later than 4:00 p.m. New York City time on the first Business Day following the Determination Date by electronic transmission in a format mutually agreed upon by the Master Servicer and the Sub-Servicer, (a) on a monthly basis, the Collection Report (the information therein in such report to be stated as of the Determination Date) in the form of Exhibit G and ), (b) within thirty (30) days after the end of each calendar quarter, beginning with the quarter ending in December of 2014on a monthly basis, the certification CREFC® Loan Periodic Update File (subject to the proviso in the preceding sentence), and (c) on a quarterly basis, the information on the Mortgage LoansLoans and the Serviced Pari Passu Companion Loan, including without limitation information regarding UCC Financing Statements, taxes, insurance premiums, premiums and ground rents and accountson a quarterly basis, starting for the quarter ending March 31, 2016 (provided that the first such certification shall cover the period from the Closing Date to the end of such quarter), within thirty days of the end of such quarter, required by and in the form of Exhibit E attached hereto; provided that from the Closing Date until thirty (30) days following written notice by the Master Servicer to the Sub-Servicer of the Master Servicer’s decision to require delivery of the Collection Report, the Sub-Servicer shall not be required to deliver a Collection Report and shall instead deliver a Remittance Report. The Primary Sub-Servicer shall deliver to the Master Servicer no later than 3:00 pm New York City time on the third first Business Day of each month by electronic transmission in a mutually agreeable format, the format designated by the Master Servicer a remittance report containing scheduled balance information for each Mortgage Loan reflecting the scheduled Periodic Payment for such month in the form of Exhibit G attached hereto; provided that from the Closing Date until thirty (30) days following written notice by the Master Servicer to the Sub-Servicer of the Master Servicer’s decision to require delivery of the remittance report in the form of Exhibit G attached hereto, the Sub-Servicer shall not be required to deliver a remittance report in the form of Exhibit G attached hereto and shall instead deliver a remittance report in the form of Exhibit L attached hereto. In addition, on each day that the Primary Sub-Servicer forwards to the Master Servicer any funds pursuant to Section 3.01(c)(113.01(c)(9) of this Agreement, the Primary Sub-Servicer shall deliver to the Master Servicer by electronic transmission in a mutually agreeable format, the format designated by the Master Servicer a report of the nature of such remittance in the form of Exhibit G attached hereto; provided that from the Closing Date until thirty (30) days following written notice by the Master Servicer to the Sub-Servicer of the Master Servicer’s decision to require delivery of the remittance report in the form of Exhibit G attached hereto, the Sub-Servicer shall not be required to deliver a remittance report in the form of Exhibit G attached hereto and shall instead deliver a remittance report in the form of Exhibit L attached hereto. The Sub-Servicer shall also prepare and deliver to the Master Servicer, not later than 4:00 p.m. New York City time on the 25th day of each calendar month following each calendar quarter, a certification in the form of Exhibit J attached hereto regarding the reconciliation of the Sub-Servicer Collection Account as of the last day of the immediately preceding calendar month. Following the Closing Date, the Master Servicer shall provide a CREFC® Loan Setup File, CREFC® Property File and CREFCÒ Comparative Financial Status Report to the Sub-Servicer.
Appears in 2 contracts
Samples: Sub Servicing Agreement (Citigroup Commercial Mortgage Trust 2016-P3), Sub Servicing Agreement (Wells Fargo Commercial Mortgage Trust 2015-P2)
is not incorporated herein. The Primary Servicer shall deliver to the Master Servicer, no later than 3:00 p.m. New York City time on the Primary Servicer Reporting Date, by electronic transmission in a mutually agreeable format, the CREFC® Loan Periodic Update File, providing the required information as of such Determination Date. The Primary Servicer shall deliver to the Master Servicer by electronic transmission (in a mutually agreeable format) (a) not later than 3:00 p.m. New York City time on the first Business Day following each Determination Date, the Collection Report (the information therein to be stated as of the Determination Date) in the form of Exhibit G and (b) within thirty (30) days after the end of each calendar quarter, beginning with the quarter ending in December September of 2014, the certification on the Mortgage Loans, including without limitation information regarding UCC Financing Statements, taxes, insurance premiums, ground rents and accounts, required by and in the form of Exhibit E attached hereto. The Primary Servicer shall deliver to the Master Servicer no later than 3:00 pm New York City time on the third Business Day of each month by electronic transmission in a mutually agreeable format, a remittance report containing scheduled balance information for each Mortgage Loan reflecting the scheduled Periodic Payment for such month in the form of Exhibit G attached hereto. In addition, on each day that the Primary Servicer forwards to the Master Servicer any funds pursuant to Section 3.01(c)(11) of this Agreement, the Primary Servicer shall deliver to the Master Servicer by electronic transmission in a mutually agreeable format, a report of the nature of such remittance in the form of Exhibit G attached hereto.
Appears in 2 contracts
Samples: Primary Servicing Agreement (WFRBS Commercial Mortgage Trust 2014-C21), Primary Servicing Agreement (WFRBS Commercial Mortgage Trust 2014-C20)
is not incorporated herein. The Primary Servicer shall deliver to the Master Servicer, no later than 3:00 p.m. New York City time on the Primary Servicer Reporting Date, by electronic transmission in a mutually agreeable format, the CREFC® Loan Periodic Update File, providing the required information as of such Determination Date. The Primary Servicer shall deliver to the Master Servicer by electronic transmission (in a mutually agreeable format) (a) not later than 3:00 p.m. New York City time on the first Business Day following each Determination Date, the Collection Report (the information therein to be stated as of the Determination Date) in the form of Exhibit G and (b) within thirty (30) days after the end of each calendar quarter, beginning with the quarter ending in December of 20142013, the certification on the Mortgage Loans, including without limitation information regarding UCC Financing Statements, taxes, insurance premiums, ground rents and accounts, required by and in the form of Exhibit E attached hereto. The Primary Servicer shall deliver to the Master Servicer no later than 3:00 pm New York City time on the third Business Day of each month by electronic transmission in a mutually agreeable format, a remittance report containing scheduled balance information for each Mortgage Loan reflecting the scheduled Periodic Payment for such month in the form of Exhibit G attached hereto. In addition, on each day that the Primary Servicer forwards to the Master Servicer any funds pursuant to Section 3.01(c)(11) of this Agreement, the Primary Servicer shall deliver to the Master Servicer by electronic transmission in a mutually agreeable format, a report of the nature of such remittance in the form of Exhibit G attached hereto.
Appears in 2 contracts
Samples: Primary Servicing Agreement (WFRBS Commercial Mortgage Trust 2013-C16), Primary Servicing Agreement (WFRBS Commercial Mortgage Trust 2013-C16)
is not incorporated herein. The Primary Servicer shall deliver to the Master Servicer, no later than 3:00 p.m. New York City time on the Primary Servicer Reporting Date, by electronic transmission in a mutually agreeable format, the CREFC® Loan Periodic Update File, providing the required information as of such Determination Date. The Primary Servicer shall deliver to the Master Servicer by electronic transmission (in a mutually agreeable format) (a) not later than 3:00 p.m. New York City time on the first Business Day following each Determination Date, the Collection Report (the information therein to be stated as of the Determination Date) in the form of Exhibit G and (b) within thirty (30) days after the end of each calendar quarter, beginning with the quarter ending in December March of 20142015 (provided that the first such certification shall cover the period from the Closing Date to the end of such quarter), the certification on the Mortgage Loans, including without limitation information regarding UCC Financing Statements, taxes, insurance premiums, ground rents and accounts, required by and in the form of Exhibit E attached hereto. The Primary Servicer shall deliver to the Master Servicer no later than 3:00 pm New York City time on the third Business Day of each month by electronic transmission in a mutually agreeable format, a remittance report containing scheduled balance information for each Mortgage Loan reflecting the scheduled Periodic Payment for such month in the form of Exhibit G attached hereto. In addition, on each day that the Primary Servicer forwards to the Master Servicer any funds pursuant to Section 3.01(c)(11) of this Agreement, the Primary Servicer shall deliver to the Master Servicer by electronic transmission in a mutually agreeable format, a report of the nature of such remittance in the form of Exhibit G attached hereto.
Appears in 2 contracts
Samples: Primary Servicing Agreement (WFRBS Commercial Mortgage Trust 2014-C25), Primary Servicing Agreement (WFRBS Commercial Mortgage Trust 2014-C24)
is not incorporated herein. The Primary Servicer shall deliver to the Master Servicer, no later than 3:00 p.m. New York City time on the Primary Servicer Reporting Date, by electronic transmission in a mutually agreeable format, the CREFC® CREFC Loan Periodic Update File, providing the required information as of such Determination Date. The Primary Servicer shall deliver to the Master Servicer by electronic transmission (in a mutually agreeable format) (a) not later than 3:00 p.m. New York City time on the first Business Day following each Determination Date, the Collection Report (the information therein to be stated as of the Determination Date) in the form of Exhibit G and (b) within thirty (30) days after the end of each calendar quarter, beginning with the quarter ending in December September of 20142013, the certification on the Mortgage Loans, including without limitation information regarding UCC Financing Statements, taxes, insurance premiums, ground rents and accounts, required by and in the form of Exhibit E attached hereto. The Primary Servicer shall deliver to the Master Servicer no later than 3:00 pm New York City time on the third Business Day of each month by electronic transmission in a mutually agreeable format, a remittance report containing scheduled balance information for each Mortgage Loan reflecting the scheduled Periodic Payment for such month in the form of Exhibit G attached hereto. In addition, on each day that the Primary Servicer forwards to the Master Servicer any funds pursuant to Section 3.01(c)(11) of this Agreement, the Primary Servicer shall deliver to the Master Servicer by electronic transmission in a mutually agreeable format, a report of the nature of such remittance in the form of Exhibit G attached hereto.
Appears in 2 contracts
Samples: Primary Servicing Agreement (WFRBS Commercial Mortgage Trust 2013-C14), Primary Servicing Agreement (WFRBS Commercial Mortgage Trust 2013-C14)
is not incorporated herein. The Primary Servicer shall deliver to the Master Servicer, no later than 3:00 p.m. New York City time on the Primary Servicer Reporting Date, by electronic transmission in a mutually agreeable format, the CREFC® Loan Periodic Update File, providing the required information as of such Determination Date. The Primary Servicer shall deliver to the Master Servicer by electronic transmission (in a mutually agreeable format) (a) not later than 3:00 p.m. New York City time on the first Business Day following each Determination Date, the Collection Report (the information therein to be stated as of the Determination Date) in the form of Exhibit G and (b) within thirty (30) days after the end of each calendar quarter, beginning with the quarter ending in December September of 20142013, the certification on the Mortgage Loans, including without limitation information regarding UCC Financing Statements, taxes, insurance premiums, ground rents and accounts, required by and in the form of Exhibit E attached hereto. The Primary Servicer shall deliver to the Master Servicer no later than 3:00 pm New York City time on the third Business Day of each month by electronic transmission in a mutually agreeable format, a remittance report containing scheduled balance information for each Mortgage Loan reflecting the scheduled Periodic Payment for such month in the form of Exhibit G attached hereto. In addition, on each day that the Primary Servicer forwards to the Master Servicer any funds pursuant to Section 3.01(c)(11) of this Agreement, the Primary Servicer shall deliver to the Master Servicer by electronic transmission in a mutually agreeable format, a report of the nature of such remittance in the form of Exhibit G attached hereto.
Appears in 1 contract
Samples: Primary Servicing Agreement (WFRBS Commercial Mortgage Trust 2013-C15)
is not incorporated herein. The Primary Servicer shall deliver to the Master Servicer, (a) no later than 3:00 1:00 p.m. New York City time on the Primary Servicer Reporting Date, by electronic transmission in a mutually agreeable formatformat designated by the Master Servicer, the CREFC® Loan Periodic Update File, providing the required information as of such Determination Date. The Primary Servicer shall deliver to the Master Servicer by electronic transmission , (in a mutually agreeable formatb) (a) not no later than 3:00 1:00 p.m. New York City time on the first Business Day following each Determination Primary Servicer Reporting Date, by electronic transmission in a format designated by the Master Servicer the Collection Report (the information therein to be stated as of the Determination Date) in the form of Exhibit G attached hereto and (bc) within thirty (30) days after the end of each calendar quarter, beginning with the quarter ending in December of 2014on March 31, 2016, the certification on the Mortgage Loans, including without limitation information regarding UCC Financing Statementsfinancing statements, taxes, insurance premiums, premiums and ground rents and accountsrents, required by and in the form of Exhibit E attached hereto. The Primary Servicer shall deliver to the Master Servicer no later than 3:00 pm New York City time on the third second Business Day of each month by electronic transmission in a mutually agreeable formatformat designated by the Master Servicer, a remittance report containing scheduled balance information for each the Mortgage Loan Loans reflecting the scheduled Periodic Monthly Payment for such month in the form of Exhibit G attached hereto. In addition, on each day that the Primary Servicer forwards to the Master Servicer any funds pursuant to Section 3.01(c)(11) of this Agreement, the Primary Servicer shall deliver to the Master Servicer by electronic transmission in a mutually agreeable formatformat reasonably acceptable to the Master Servicer and the Primary Servicer, a report of the nature of such remittance in the form of Exhibit G attached hereto. The Primary Servicer shall also prepare and deliver to the Master Servicer not later than 1:00 p.m. New York City time by the twenty-fifth day of each month, a certification in the form of Exhibit J attached hereto. The Primary Servicer shall also prepare and deliver to the Master Servicer such other reports as reasonably requested by the Master Servicer from time to time.
Appears in 1 contract
Samples: Primary Servicing Agreement (COMM 2015-Lc23 Mortgage Trust)
is not incorporated herein. The Primary Servicer shall deliver to the Master Servicer, (a) no later than 3:00 1:00 p.m. New York City time on the Primary Servicer Reporting Date, Date by electronic transmission in a mutually agreeable formatformat designated by the Master Servicer, the CREFC® Loan Periodic Update File, providing the required information as of such Determination Date. The Primary Servicer shall deliver to the Master Servicer by electronic transmission , (in a mutually agreeable formatb) (a) not no later than 3:00 1:00 p.m. New York City time on the first Business Day following each Determination Date, Primary Servicer Reporting Date by electronic transmission in a format designated by the Master Servicer the Collection Report (the information therein to be stated as of the Determination Date) in the form of Exhibit G attached hereto and (bc) within thirty (30) days after the end of each calendar quarter, beginning with the quarter ending in December of 2014on September 30, 2017, the certification on the Mortgage Loans, including without limitation information regarding UCC Financing Statementsfinancing statements, taxes, insurance premiums, premiums and ground rents and accountsrents, required by and in the form of Exhibit E attached hereto. The Primary Servicer shall deliver to the Master Servicer no later than 3:00 pm New York City time on the third second Business Day of each month by electronic transmission in a mutually agreeable formatformat designated by the Master Servicer, a remittance report containing scheduled balance information for each the Mortgage Loan Loans reflecting the scheduled Periodic Payment for such month in the form of Exhibit G attached hereto. In addition, on each day that the Primary Servicer forwards to the Master Servicer any funds pursuant to Section 3.01(c)(11) or Section 3.01(c)(13) of this Agreement, the Primary Servicer shall deliver to the Master Servicer by electronic transmission (with a copy to xxxxxxxxxx.xxxxxxxxxxxxxxx.xxxx@xxxxxxxxxx.xxx) in a mutually agreeable formatformat reasonably acceptable to the Master Servicer and the Primary Servicer, a report of the nature of such remittance in the form of Exhibit G attached hereto. The Primary Servicer shall also prepare and deliver to the Master Servicer not later than 1:00 p.m. New York City time by the twenty-fifth day of each month, a certification in the form of Exhibit J attached hereto. The Primary Servicer shall also prepare and deliver to the Master Servicer such other reports as reasonably requested by the Master Servicer from time to time. Not later than 1:00 p.m. New York City time on the first Business Day following each Determination Date, the Sub-Servicer shall deliver to the Master Servicer the CREFC® Schedule AL File in XXXXX Compatible Format with respect to the Mortgage Loans; provided, however, that the Sub-Servicer shall have no obligation to prepare or deliver the CREFC® Schedule AL File unless the Sub-Servicer receives the Initial Schedule AL File, any Initial Schedule AL Additional File and the Annex A to the Prospectus from the Master Servicer. In preparing the CREFC® Schedule AL File and any Schedule AL Additional File for any given Distribution Date, and without any due diligence, investigation or verification, the Sub-Servicer shall be entitled to conclusively rely, absent manifest error, on the content, completeness, accuracy and compliance with any applicable requirements of Items 1111(h) and 1125 of Regulation AB and Item 601(b) of Regulation SK under the Securities Act as in effect on the Closing Date of the Initial Schedule AL File, Initial Schedule AL Additional File and the Annex A to the Prospectus. The Sub-Servicer may concurrently with the delivery of the related CREFC® Schedule AL File, deliver any related Schedule AL Additional File in XXXXX Compatible Format to the Master Servicer. The CREFC® Schedule AL File and Schedule AL Additional File shall each be a single file.
Appears in 1 contract
Samples: Primary Servicing Agreement (CFCRE 2017-C8 Mortgage Trust)
is not incorporated herein. The Primary Servicer shall deliver to the Master Servicer, (a) no later than 3:00 1:00 p.m. New York City time on the Primary Servicer Reporting Date, by electronic transmission in a mutually agreeable formatformat designated by the Master Servicer, the CREFC® Loan Periodic Update File, providing the required information as of such Determination Date. The Primary Servicer shall deliver to the Master Servicer by electronic transmission , (in a mutually agreeable formatb) (a) not no later than 3:00 1:00 p.m. New York City time on the first Business Day following each Determination Primary Servicer Reporting Date, by electronic transmission in a format designated by the Master Servicer the Collection Report (the information therein to be stated as of the Determination Date) in the form of Exhibit G attached hereto and (bc) within thirty (30) days after the end of each calendar quarter, beginning with the quarter ending in December of 2014on March 31, 2015, the certification on the Mortgage Loans, including without limitation information regarding UCC Financing Statementsfinancing statements, taxes, insurance premiums, premiums and ground rents and accountsrents, required by and in the form of Exhibit E attached hereto. The Primary Servicer shall deliver to the Master Servicer no later than 3:00 pm New York City time on the third second Business Day of each month by electronic transmission in a mutually agreeable formatformat designated by the Master Servicer, a remittance report containing scheduled balance information for each the Mortgage Loan Loans reflecting the scheduled Periodic Monthly Payment for such month in the form of Exhibit G attached hereto. In addition, on each day that the Primary Servicer forwards to the Master Servicer any funds pursuant to Section 3.01(c)(11) of this Agreement, the Primary Servicer shall deliver to the Master Servicer by electronic transmission in a mutually agreeable formatformat reasonably acceptable to the Master Servicer and the Primary Servicer, a report of the nature of such remittance in the form of Exhibit G attached hereto. The Primary Servicer shall also prepare and deliver to the Master Servicer not later than 1:00 p.m. New York City time by the twenty-fifth day of each month, a certification in the form of Exhibit J attached hereto. The Primary Servicer shall also prepare and deliver to the Master Servicer such other reports as reasonably requested by the Master Servicer from time to time.
Appears in 1 contract
Samples: Primary Servicing Agreement (COMM 2014-Ccre20 Mortgage Trust)
is not incorporated herein. The Notwithstanding anything herein to the contrary, the Primary Servicer will not take any action with respect to any assumption, transfer or other action contemplated by Section 3.09 of the Pooling and Servicing Agreement unless (i) the Primary Servicer has confirmed with the Master Servicer that the Master Servicer and Special Servicer have mutually agreed that the Master Servicer shall process such request pursuant to Section 3.09 of the Pooling and Servicing Agreement and (b) the Master Servicer and the Primary Servicer have mutually agreed that the Primary Servicer shall deliver process such request. Following such mutual agreement, the Primary Servicer will not permit or consent to any assumption, transfer or other action contemplated by Section 3.09 of the Pooling and Servicing Agreement without the prior written consent of the Master Servicer. With respect to any such proposed action, the Primary Servicer shall perform and forward to the Master Servicer any analysis, recommendation or other information requested by the Master Servicer under Section 3.09 of the Pooling and Servicing Agreement. The Master Servicer, no later than 3:00 p.m. New York City time on not the Primary Servicer, will deal directly with the Special Servicer in connection with obtaining any necessary approval or consent from the Special Servicer. If the Master Servicer and the Primary Servicer Reporting Datehave mutually agreed that the Primary Servicer shall process any such assumption, by electronic transmission in a mutually agreeable formattransfer or other action, the CREFC® Loan Periodic Update FilePrimary Servicer shall process, providing document and close such transaction at the required information as Master Servicer’s request. Section 3.09(d) of such Determination Datethe Pooling and Servicing Agreement is not incorporated herein. The Primary Servicer shall deliver promptly provide copies of any waivers it effects pursuant to this Section to the Master Servicer and the Master Servicer will provide notice or copies to the 17g-5 Information Provider and Rating Agencies to the extent required by electronic transmission (in a mutually agreeable formatthe Pooling and Servicing Agreement. Section 3.09(g) (a) not later than 3:00 p.m. New York City time on the first Business Day following each Determination Date, the Collection Report (the information therein to be stated as of the Determination Date) in the form of Exhibit G Pooling and (b) within thirty (30) days after the end of each calendar quarter, beginning with the quarter ending in December of 2014, the certification on the Mortgage Loans, including without limitation information regarding UCC Financing Statements, taxes, insurance premiums, ground rents and accounts, required by and in the form of Exhibit E attached heretoServicing Agreement is not incorporated herein. The Primary Servicer shall deliver promptly forward all requests for defeasance to the Master Servicer no later than 3:00 pm New York City time on the third Business Day of each month by electronic transmission in a mutually agreeable format, a remittance report containing scheduled balance information for each Mortgage Loan reflecting the scheduled Periodic Payment for such month in the form of Exhibit G attached heretoServicer. In addition, on each day that the Primary Servicer forwards to the The Master Servicer will deal or communicate directly with the Borrower in connection with any funds pursuant to Section 3.01(c)(11) of this Agreement, the Primary Servicer shall deliver to the Master Servicer by electronic transmission in a mutually agreeable format, a report of the nature of such remittance in the form of Exhibit G attached heretodefeasance.
Appears in 1 contract
Samples: Primary Servicing Agreement (COMM 2013-Ccre10 Mortgage Trust)
is not incorporated herein. The Primary Servicer shall deliver to the Master Servicer, (a) no later than 3:00 1:00 p.m. New York City time on the Primary Servicer Reporting DateDate (or such earlier date as required by the related Intercreditor Agreement), by electronic transmission in a mutually agreeable formatformat designated by the Master Servicer, the CREFC® Loan Periodic Update File, providing the required information as of such Determination Date. The Primary Servicer shall deliver to the Master Servicer by electronic transmission , (in a mutually agreeable formatb) (a) not no later than 3:00 1:00 p.m. New York City time on the first Business Day following each Determination Primary Servicer Reporting Date, by electronic transmission in a format designated by the Master Servicer the Collection Report (the information therein to be stated as of the Determination Date) in the form of Exhibit G attached hereto and (bc) within thirty (30) days after the end of each calendar quarter, beginning with the quarter ending in December of 2014on March 31, 2016, the certification on the Mortgage Loans and the Serviced Companion Loans, including without limitation information regarding UCC Financing Statementsfinancing statements, taxes, insurance premiums, premiums and ground rents and accountsrents, required by and in the form of Exhibit E attached hereto. The Primary Servicer shall deliver to the Master Servicer no later than 3:00 pm New York City time on the third second Business Day of each month by electronic transmission in a mutually agreeable formatformat designated by the Master Servicer, a remittance report containing scheduled balance information for each the Mortgage Loan Loans and the Serviced Companion Loans reflecting the scheduled Periodic Payment for such month in the form of Exhibit G attached hereto. In addition, on each day that the Primary Servicer forwards to the Master Servicer any funds pursuant to Section 3.01(c)(11) or Section 3.01(c)(13) of this Agreement, the Primary Servicer shall deliver to the Master Servicer by electronic transmission (with a copy to cxxxxxxxxx.xxxxxxxxxxxxxxx.xxxx@xxxxxxxxxx.xxx) in a mutually agreeable formatformat reasonably acceptable to the Master Servicer and the Primary Servicer, a report of the nature of such remittance in the form of Exhibit G attached hereto. The Primary Servicer shall also prepare and deliver to the Master Servicer not later than 1:00 p.m. New York City time by the twenty-fifth day of each month, a certification in the form of Exhibit J attached hereto. The Primary Servicer shall also prepare and deliver to the Master Servicer such other reports as reasonably requested by the Master Servicer from time to time.
Appears in 1 contract
Samples: Primary Servicing Agreement (GS Mortgage Securities Trust 2015-Gs1)
is not incorporated herein. The Primary Servicer shall deliver to the Master Servicer, no later than 3:00 1:00 p.m. New York City time on the first Business Day following the Determination Date, by electronic transmission in the format designated by the Master Servicer, a CREFC® Delinquent Loan Status Report, the CREFC® Financial File, the CREFC® Property File, the CREFC® Comparative Financial Status Report (except for the first two Distribution Dates), the CREFC® Servicer Watch List and Portfolio Review Guidelines, the CREFC® Total Loan Report and the CREFC® Loan Level Reserve/LOC Report, each providing the required information as of such Determination Date. At the request of Master Servicer, the Primary Servicer shall send to each Mortgagor a notice directing the Mortgagor to forward to the Special Servicer annual, quarterly and monthly operating statements, budgets and rent rolls of the related Mortgaged Property, and financial statements of the related Mortgagor. The preparation and maintenance by the Primary Servicer of all the reports specified in this Section 3.01(c)(32), including the calculations made therein, shall be done in accordance with CREFC® standards to the extent applicable thereto. The Primary Servicer shall deliver to the Master Servicer, (a) on a monthly basis, no later than 1:00 p.m. New York City time on the Primary Servicer Reporting Date, by electronic transmission in a mutually agreeable formatformat designated by the Master Servicer, the CREFC® Loan Periodic Update File, providing the required information as of such Determination Date. The Primary Servicer shall deliver to the Master Servicer by electronic transmission , (in b) on a mutually agreeable format) (a) not monthly basis, no later than 3:00 1:00 p.m. New York City time on the first Business Day following each Determination Primary Servicer Reporting Date, by electronic transmission in a format designated by the Master Servicer the Collection Report (the information therein to be stated as of the Determination Date) in the form of Exhibit G attached hereto and (bc) within thirty (30) days after the end of each calendar quarter, beginning with the quarter ending in December of 2014on March 31, 2016, the certification on the Mortgage Loans, including without limitation information regarding UCC Financing Statementsfinancing statements, taxes, insurance premiums, premiums and ground rents and accountsrents, required by and in the form of Exhibit E attached hereto. The Primary Servicer shall deliver to the Master Servicer no later than 3:00 pm New York City time on the third second Business Day of each month by electronic transmission in a mutually agreeable formatformat designated by the Master Servicer, a remittance report containing scheduled balance information for each the Mortgage Loan Loans reflecting the scheduled Periodic Monthly Payment for such month in the form of Exhibit G attached hereto. In addition, on each day that the Primary Servicer forwards to the Master Servicer any funds pursuant to Section 3.01(c)(113.01(c)(33) of this Agreement, the Primary Servicer shall deliver to the Master Servicer by electronic transmission in a mutually agreeable formatformat reasonably acceptable to the Master Servicer and the Primary Servicer, a report of the nature of such remittance in the form of Exhibit G attached hereto. The Primary Servicer shall also prepare and deliver to the Master Servicer not later than 1:00 p.m. New York City time by the twenty-fifth day of each month, a certification in the form of Exhibit J attached hereto. The Primary Servicer shall also prepare and deliver to the Master Servicer such other reports as reasonably requested by the Master Servicer from time to time. The Primary Servicer shall electronically deliver to the Master Servicer in Microsoft Excel format promptly upon completion, and in any event, at least five (5) Business Days before the Master Servicer must deliver or make available such reports, statements and files under the Pooling and Servicing Agreement, a copy of all operating statements, income statements, rent rolls and other reporting information collected by the Primary Servicer and the CREFC® Operating Statement Analysis Report and CREFC® NOI Adjustment Worksheet with respect to the Mortgage Loans as required by Section 4.02(b) of the Pooling and Servicing Agreement.
Appears in 1 contract
Samples: Primary Servicing Agreement (GS Mortgage Securities Trust 2015-Gc34)
is not incorporated herein. The Primary Servicer shall deliver to the Master Servicer, no later than 3:00 p.m. New York City time on the Primary Servicer Reporting Date, by electronic transmission in a mutually agreeable format, the CREFC® Loan Periodic Update File, providing the required information as of such Determination Date. The Primary Sub-Servicer shall deliver to the Master Servicer by electronic transmission (in a mutually agreeable formatformat designated by the Master Servicer) (a) not later than 3:00 4:00 p.m. New York City time on the first Business Day following each Determination Sub-Servicer Remittance Date, the Collection Report (the information therein to be stated as of the Determination Date) in the form of Exhibit G attached hereto and (b) within thirty (30) days after the end of each calendar quarter, beginning with the quarter ending in December June of 20142015 (provided that the first such certification shall cover the period from the Closing Date to the end of such quarter), the certification on the Mortgage Loans, including without limitation information regarding UCC Financing Statements, taxes, insurance premiums, premiums and ground rents and accountsrents, required by and in the form of Exhibit E attached hereto. The Primary Sub-Servicer shall deliver to the Master Servicer no later than 3:00 4:00 pm New York City time on the third first Business Day of each month by electronic transmission in a mutually agreeable formatformat designated by the Master Servicer, a remittance report containing scheduled balance information for each Mortgage Loan reflecting the scheduled Periodic Payment for such month (also known as a “Day One Report”) in the form of Exhibit G attached hereto. In addition, on each day that the Primary Sub-Servicer forwards to the Master Servicer any funds pursuant to Section 3.01(c)(11) of this Agreement, the Primary Sub-Servicer shall deliver to the Master Servicer by electronic transmission in a mutually agreeable formatformat designated by the Master Servicer, a report of the nature of such remittance in the form of Exhibit G attached hereto. The Sub-Servicer shall also prepare and deliver to the Master Servicer not later than 4:00 p.m. New York City time on the 25th day of the calendar month following each calendar quarter beginning with the calendar quarter ending in June of 2015, a certification in the form of Exhibit J attached hereto. Following the Closing Date, the Master Servicer shall provide a CREFC Loan Setup File, CREFC Property File and CREFC Comparative Financial Status Report to the Sub-Servicer.
Appears in 1 contract
Samples: Sub Servicing Agreement (Wells Fargo Commercial Mortgage Trust 2015-C27)
is not incorporated herein. The Primary Servicer shall deliver to the Master Servicer, (a) no later than 3:00 1:00 p.m. New York City time on the Primary Servicer Reporting Date, by electronic transmission in a mutually agreeable formatformat designated by the Master Servicer, the CREFC® Loan Periodic Update File, providing the required information as of such Determination Date. The Primary Servicer shall deliver to the Master Servicer by electronic transmission , (in a mutually agreeable formatb) (a) not no later than 3:00 1:00 p.m. New York City time on the first Business Day following each Determination Primary Servicer Reporting Date, by electronic transmission in a format designated by the Master Servicer the Collection Report (the information therein to be stated as of the Determination Date) in the form of Exhibit G attached hereto and (bc) within thirty (30) days after the end of each calendar quarter, beginning with the quarter ending in on December of 201431, 2015, the certification on the Mortgage Loans, including without limitation information regarding UCC Financing Statementsfinancing statements, taxes, insurance premiums, premiums and ground rents and accountsrents, required by and in the form of Exhibit E attached hereto. The Primary Servicer shall deliver to the Master Servicer no later than 3:00 pm New York City time on the third second Business Day of each month by electronic transmission in a mutually agreeable formatformat designated by the Master Servicer, a remittance report containing scheduled balance information for each the Mortgage Loan Loans reflecting the scheduled Periodic Monthly Payment for such month in the form of Exhibit G attached hereto. In addition, on each day that the Primary Servicer forwards to the Master Servicer any funds pursuant to Section 3.01(c)(11) of this Agreement, the Primary Servicer shall deliver to the Master Servicer by electronic transmission in a mutually agreeable formatformat reasonably acceptable to the Master Servicer and the Primary Servicer, a report of the nature of such remittance in the form of Exhibit G attached hereto. The Primary Servicer shall also prepare and deliver to the Master Servicer not later than 1:00 p.m. New York City time by the twenty-fifth day of each month, a certification in the form of Exhibit J attached hereto. The Primary Servicer shall also prepare and deliver to the Master Servicer such other reports as reasonably requested by the Master Servicer from time to time.
Appears in 1 contract
Samples: Primary Servicing Agreement (COMM 2015-Ccre26 Mortgage Trust)
is not incorporated herein. The Primary Servicer shall deliver to the Master Servicer, (a) no later than 3:00 1:00 p.m. New York City time on the Primary Servicer Reporting Date, by electronic transmission in a mutually agreeable formatformat designated by the Master Servicer, the CREFC® Loan Periodic Update File, providing the required information as of such Determination Date. The Primary Servicer shall deliver to the Master Servicer by electronic transmission , (in a mutually agreeable formatb) (a) not no later than 3:00 1:00 p.m. New York City time on the first Business Day following each Determination Primary Servicer Reporting Date, by electronic transmission in a format designated by the Master Servicer the Collection Report (the information therein to be stated as of the Determination Date) in the form of Exhibit G attached hereto and (bc) within thirty (30) days after the end of each calendar quarter, beginning with the quarter ending in December of 2014on September 30, 2015, the certification on the Mortgage LoansServiced Loan Combination, including without limitation information regarding UCC Financing Statementsfinancing statements, taxes, insurance premiums, premiums and ground rents and accountsrents, required by and in the form of Exhibit E attached hereto. The Primary Servicer shall deliver to the Master Servicer no later than 3:00 pm New York City time on the third second Business Day of each month by electronic transmission in a mutually agreeable formatformat designated by the Master Servicer, a remittance report containing scheduled balance information for each Mortgage the Serviced Loan Combination reflecting the scheduled Periodic Monthly Payment for such month in the form of Exhibit G attached hereto. In addition, on each day that the Primary Servicer forwards to the Master Servicer any funds pursuant to Section 3.01(c)(113.01(c)(10) of this Agreement, the Primary Servicer shall deliver to the Master Servicer by electronic transmission in a mutually agreeable formatformat reasonably acceptable to the Master Servicer and the Primary Servicer, a report of the nature of such remittance in the form of Exhibit G attached hereto. The Primary Servicer shall also prepare and deliver to the Master Servicer not later than 1:00 p.m. New York City time by the twenty-fifth day of each month, a certification in the form of Exhibit J attached hereto. The Primary Servicer shall also prepare and deliver to the Master Servicer such other reports as reasonably requested by the Master Servicer from time to time.
Appears in 1 contract
Samples: Primary Servicing Agreement (COMM 2015-Ccre24 Mortgage Trust)
is not incorporated herein. The Primary Sub-Servicer shall deliver to the Master Servicer, no later than 3:00 p.m. New York City time on the Primary Servicer Reporting Date, by electronic transmission in a mutually agreeable format, the CREFC® Loan Periodic Update File, providing the required information as of such Determination Date. The Primary Servicer shall deliver to the Master Servicer by electronic transmission (in a mutually agreeable format) (a) not later than 3:00 4:00 p.m. New York City time on the first Business Day following each Determination Date, by electronic transmission in the format designated by the Master Servicer, the CREFC® Financial File, the CREFC® Property File and the CREFC® Comparative Financial Status Report (except for the first two Distribution Dates), the CREFC® Loan Level Reserve/LOC Report, a CREFC® Loan Periodic Update File, a CREFC® Delinquent Loan Status Report and a CREFC® Servicer Watch List/Portfolio Review Guidelines, CREFC® Total Loan Report, each providing the required information as of such Determination Date; provided that from the Closing Date until thirty (30) days following written notice by the Master Servicer to the Sub-Servicer of the Master Servicer’s decision to require the delivery of the CREFC® Loan Periodic Update File, the Sub-Servicer shall not be required to deliver a CREFC® Loan Periodic Update File; provided, further, that from the Closing Date until thirty (30) days following written notice by the Master Servicer to the Sub-Servicer of the Master Servicer’s decision to require delivery of the CREFC® Delinquent Loan Status Report, the Sub-Servicer shall not be required to deliver a CREFC® Delinquent Loan Status Report. The Sub-Servicer shall deliver to the Master Servicer by electronic transmission in a format mutually agreed upon by the Master Servicer and the Sub-Servicer, not later than 4:00 p.m. New York City time on the first Business Day following the Determination Date by electronic transmission in a format mutually agreed upon by the Master Servicer and the Sub-Servicer, (a) on a monthly basis, the Collection Report (the information therein in such report to be stated as of the Determination Date) in the form of Exhibit G and ), (b) within thirty (30) days after the end of each calendar quarter, beginning with the quarter ending in December of 2014on a monthly basis, the certification CREFC® Loan Periodic Update File (subject to the proviso in the preceding sentence), and (c) on a quarterly basis, the information on the Mortgage Loans, including without limitation information regarding UCC Financing Statements, taxes, insurance premiums, premiums and ground rents and accountson a quarterly basis, starting for the quarter ending December 31, 2017 (provided that the first such certification shall cover the period from the Closing Date to the end of such quarter), within thirty days of the end of such quarter, required by and in the form of Exhibit E attached hereto; provided that from the Closing Date until thirty (30) days following written notice by the Master Servicer to the Sub-Servicer of the Master Servicer’s decision to require delivery of the Collection Report, the Sub-Servicer shall not be required to deliver a Collection Report and shall instead deliver a Remittance Report. The Primary Sub-Servicer shall deliver to the Master Servicer no later than 3:00 pm New York City time on the third first Business Day of each month by electronic transmission in a mutually agreeable format, the format designated by the Master Servicer a remittance report containing scheduled balance information for each Mortgage Loan reflecting the scheduled Periodic Monthly Payment for such month in the form of Exhibit G attached hereto; provided that from the Closing Date until thirty (30) days following written notice by the Master Servicer to the Sub-Servicer of the Master Servicer’s decision to require delivery of the remittance report in the form of Exhibit G attached hereto, the Sub-Servicer shall not be required to deliver a remittance report in the form of Exhibit G attached hereto and shall instead deliver a remittance report in the form of Exhibit L attached hereto. In addition, on each day that the Primary Sub-Servicer forwards to the Master Servicer any funds pursuant to Section 3.01(c)(113.01(c)(12) and Section 3.01(c)(36) of this Agreement, the Primary Sub-Servicer shall deliver to the Master Servicer by electronic transmission in a mutually agreeable format, the format designated by the Master Servicer a report of the nature of such remittance in the form of Exhibit G attached hereto; provided that from the Closing Date until thirty (30) days following written notice by the Master Servicer to the Sub-Servicer of the Master Servicer’s decision to require delivery of the remittance report in the form of Exhibit G attached hereto, the Sub-Servicer shall not be required to deliver a remittance report in the form of Exhibit G attached hereto and shall instead deliver a remittance report in the form of Exhibit L attached hereto. The Sub-Servicer shall also prepare and deliver to the Master Servicer, not later than 4:00 p.m. New York City time on the 25th day of each calendar month following each calendar quarter, a certification in the form of Exhibit J attached hereto regarding the reconciliation of the Sub-Servicer Collection Account as of the last day of the immediately preceding calendar month. Following the Closing Date, the Master Servicer shall provide a CREFC® Loan Setup File, CREFC® Property File and CREFC® Comparative Financial Status Report to the Sub-Servicer. Not later than 4:00 p.m. New York City time on the first Business Day following each Determination Date, the Sub-Servicer shall deliver to the Master Servicer a single CREFC® Schedule AL File (with respect to each Mortgage Loan that was part of the Mortgage Pool during any portion of the related reporting period covered by the Form 10-D required to be filed with respect to the subject Distribution Date pursuant to Section 10.04 of the Pooing and Servicing Agreement) and any related Schedule AL Additional File, in each case, in the required format per Regulation AB and in Excel format; provided, however, that the Sub-Servicer shall have no obligation to prepare or deliver the CREFC® Schedule AL File or the Schedule AL Additional File unless and until the Sub-Servicer receives the Initial Schedule AL File, any Initial Schedule AL Additional File and the Annex A-1 to the Prospectus from the Master Servicer; and provided, further, that, if the Sub-Servicer has not received such items from the Master Servicer prior to the time it would need such items in order for the Sub-Servicer to prepare the CREFC® Schedule AL File with respect to the first Determination Date, the Sub-Servicer shall request such items from the Master Servicer. The Sub-Servicer shall be entitled to conclusively rely, absent manifest error, without any due diligence, investigation or verification, on: (1) the content, completeness and accuracy of the Initial Schedule AL File, the Initial Schedule AL Additional File and Annex A to the Prospectus, in each case, as of the Closing Date; and (2) compliance, as of the Closing Date, of the Initial Schedule AL File and the Initial Schedule AL Additional File with any applicable requirements of Items 1111(h) and 1125 of Regulation AB and Items 601(b)(102) and 601(b)(103) of Regulation S-K, in each case as in effect on the Closing Date and only to the extent such requirements relate to filings required to be mad in connection with the Preliminary Prospectus and the Prospectus. Any Schedule AL Additional File that the Sub-Servicer determines, in accordance with the Servicing Standard, to deliver in connection with any CREFC® Schedule AL File prepared by the Sub-Servicer pursuant to this paragraph shall be delivered in the required format per Regulation AB and in Excel format to the Master Servicer concurrently with the delivery of the related CREFC® Schedule AL File. The Sub-Servicer shall promptly (but at least five (5) Business Days before the Master Servicer must deliver or make available such items under the Pooling and Servicing Agreement) deliver electronically to the Master Servicer all operating statements, rent rolls, budgets and financial statements collected by the Sub-Servicer. The Sub-Servicer shall electronically deliver to the Master Servicer in Microsoft Excel format promptly upon completion, and in any event, at least five (5) Business Days before Master Servicer must deliver or make available such reports, statements and files under the Pooling and Servicing Agreement, each CREFC® NOI Adjustment Worksheet and CREFC® Operating Statement Analysis Report.
Appears in 1 contract
Samples: Sub Servicing Agreement (Citigroup Commercial Mortgage Trust 2017-P8)
is not incorporated herein. The Primary Sub-Servicer shall deliver to the Master Servicer, no later than 3:00 p.m. New York City time on the Primary Servicer Reporting Date, by electronic transmission in a mutually agreeable format, the CREFC® Loan Periodic Update File, providing the required information as of such Determination Date. The Primary Servicer shall deliver to the Master Servicer by electronic transmission (in a mutually agreeable format) (a) not later than 3:00 p.m. New York City central time on the first Business Day following each Determination Date, by electronic transmission in the format designated by the Master Servicer, the CREFC® Financial File, the CREFC® Property File and the CREFC® Comparative Financial Status Report (except for the first two Distribution Dates), the CREFC® Loan Level Reserve/LOC Report, a CREFC® Loan Periodic Update File, a CREFC® Delinquent Loan Status Report and a CREFC® Servicer Watch List/Portfolio Review Guidelines, CREFC® Total Loan Report, each providing the required information as of such Determination Date; provided that from the Closing Date until thirty (30) days following written notice by the Master Servicer to the Sub-Servicer of the Master Servicer’s decision to require the delivery of the CREFC® Loan Periodic Update File, the Sub-Servicer shall not be required to deliver a CREFC® Loan Periodic Update File; provided, further, that from the Closing Date until thirty (30) days following written notice by the Master Servicer to the Sub-Servicer of the Master Servicer’s decision to require delivery of the CREFC® Delinquent Loan Status Report, the Sub-Servicer shall not be required to deliver a CREFC® Delinquent Loan Status Report. The Sub-Servicer shall deliver to the Master Servicer by electronic transmission in a format mutually agreed upon by the Master Servicer and the Sub-Servicer, not later than 2:00 p.m. central time on the Determination Date by electronic transmission in a format mutually agreed upon by the Master Servicer and the Sub-Servicer, (a) on a monthly basis, the Collection Report (the information therein in such report to be stated as of the Determination Date) in the form of Exhibit G and ), (b) within thirty (30) days after the end of each calendar quarter, beginning with the quarter ending in December of 2014on a monthly basis, the certification CREFC® Loan Periodic Update File (subject to the proviso in the preceding sentence), and (c) on a quarterly basis, the information on the Mortgage LoansLoans and the Serviced Pari Passu Companion Loan, including without limitation information regarding UCC Financing Statements, taxes, insurance premiums, premiums and ground rents and accountson a quarterly basis, starting for the quarter ending September 30, 2016 (provided that the first such certification shall cover the period from the Closing Date to the end of such quarter), within thirty days of the end of such quarter, required by and in the form of Exhibit E attached hereto. The Primary Sub-Servicer shall deliver to the Master Servicer no later than 3:00 pm New York City time on the third first Business Day of each month by electronic transmission in a mutually agreeable format, the format designated by the Master Servicer a remittance report containing scheduled balance information for each Mortgage Loan and Serviced Pari Passu Companion Loan reflecting the scheduled Periodic Monthly Payment for such month in the form of Exhibit G attached hereto. In addition, on each day that the Primary Sub-Servicer forwards to the Master Servicer any funds pursuant to Section 3.01(c)(113.01(c)(12) and Section 3.01(c)(36) of this Agreement, the Primary Sub-Servicer shall deliver to the Master Servicer by electronic transmission in a mutually agreeable format, the format designated by the Master Servicer a report of the nature of such remittance in the form of Exhibit G attached hereto. The Sub-Servicer shall also prepare and deliver to the Master Servicer, not later than 3:00 p.m. central time on the 25th day of each calendar month following each calendar quarter, a certification in the form of Exhibit J attached hereto regarding the reconciliation of the Sub-Servicer Collection Account and the Sub-Servicer Loan Combination Custodial Account as of the last day of the immediately preceding calendar month. Following the Closing Date, the Master Servicer shall provide a CREFC® Loan Setup File, CREFC® Property File and CREFC® Comparative Financial Status Report to the Sub-Servicer. The Sub-Servicer shall promptly (but at least five (5) Business Days before the Master Servicer must deliver or make available such items under the Pooling and Servicing Agreement) deliver electronically to the Master Servicer all operating statements, rent rolls, budgets and financial statements collected by the Sub-Servicer. The Sub-Servicer shall electronically deliver to the Master Servicer in Microsoft Excel format promptly upon completion, and in any event, at least five (5) Business Days before Master Servicer must deliver or make available such reports, statements and files under the Pooling and Servicing Agreement, each CREFC® NOI Adjustment Worksheet and CREFC® Operating Statement Analysis Report.
Appears in 1 contract
Samples: Sub Servicing Agreement (Citigroup Commercial Mortgage Trust 2016-P5)
is not incorporated herein. The Primary Sub-Servicer shall deliver to the Master Servicer, no later than 3:00 p.m. New York City time on the Primary Servicer Reporting Date, by electronic transmission in a mutually agreeable format, the CREFC® Loan Periodic Update File, providing the required information as of such Determination Date. The Primary Servicer shall deliver to the Master Servicer by electronic transmission (in a mutually agreeable format) (a) not later than 3:00 p.m. New York City central time on the first Business Day following each Determination Date, by electronic transmission in the format designated by the Master Servicer, the CREFC® Financial File, the CREFC® Property File and the CREFC® Comparative Financial Status Report (except for the first two Distribution Dates), the CREFC® Loan Level Reserve/LOC Report, a CREFC® Loan Periodic Update File, a CREFC® Delinquent Loan Status Report and a CREFC® Servicer Watch List/Portfolio Review Guidelines, CREFC® Total Loan Report, each providing the required information as of such Determination Date; provided that from the Closing Date until thirty (30) days following written notice by the Master Servicer to the Sub-Servicer of the Master Servicer’s decision to require the delivery of the CREFC® Loan Periodic Update File, the Sub-Servicer shall not be required to deliver a CREFC® Loan Periodic Update File; provided, further, that from the Closing Date until thirty (30) days following written notice by the Master Servicer to the Sub-Servicer of the Master Servicer’s decision to require delivery of the CREFC® Delinquent Loan Status Report, the Sub-Servicer shall not be required to deliver a CREFC® Delinquent Loan Status Report. The Sub-Servicer shall deliver to the Master Servicer by electronic transmission in a format mutually agreed upon by the Master Servicer and the Sub-Servicer, not later than 2:00 p.m. central time on the Determination Date by electronic transmission in a format mutually agreed upon by the Master Servicer and the Sub-Servicer, (a) on a monthly basis, the Collection Report (the information therein in such report to be stated as of the Determination Date) in the form of Exhibit G and ), (b) within thirty (30) days after the end of each calendar quarter, beginning with the quarter ending in December of 2014on a monthly basis, the certification CREFC® Loan Periodic Update File (subject to the proviso in the preceding sentence), and (c) on a quarterly basis, the information on the Mortgage LoansLoans and the Serviced Pari Passu Companion Loan, including without limitation information regarding UCC Financing Statements, taxes, insurance premiums, premiums and ground rents and accountson a quarterly basis, starting for the quarter ending December 31, 2016 (provided that the first such certification shall cover the period from the Closing Date to the end of such quarter), within thirty days of the end of such quarter, required by and in the form of Exhibit E attached hereto. The Primary Sub-Servicer shall deliver to the Master Servicer no later than 3:00 pm New York City time on the third first Business Day of each month by electronic transmission in a mutually agreeable format, the format designated by the Master Servicer a remittance report containing scheduled balance information for each Mortgage Loan and Serviced Pari Passu Companion Loan reflecting the scheduled Periodic Monthly Payment for such month in the form of Exhibit G attached hereto. In addition, on each day that the Primary Sub-Servicer forwards to the Master Servicer any funds pursuant to Section 3.01(c)(113.01(c)(12) and Section 3.01(c)(36) of this Agreement, the Primary Sub-Servicer shall deliver to the Master Servicer by electronic transmission in a mutually agreeable format, the format designated by the Master Servicer a report of the nature of such remittance in the form of Exhibit G attached hereto. The Sub-Servicer shall also prepare and deliver to the Master Servicer, not later than 3:00 p.m. central time on the 25th day of each calendar month following each calendar quarter, a certification in the form of Exhibit J attached hereto regarding the reconciliation of the Sub-Servicer Collection Account and the Sub-Servicer Loan Combination Custodial Account as of the last day of the immediately preceding calendar month. Following the Closing Date, the Master Servicer shall provide a CREFC® Loan Setup File, CREFC® Property File and CREFC® Comparative Financial Status Report to the Sub-Servicer. The Sub-Servicer shall promptly (but at least five (5) Business Days before the Master Servicer must deliver or make available such items under the Pooling and Servicing Agreement) deliver electronically to the Master Servicer all operating statements, rent rolls, budgets and financial statements collected by the Sub-Servicer. The Sub-Servicer shall electronically deliver to the Master Servicer in Microsoft Excel format promptly upon completion, and in any event, at least five (5) Business Days before Master Servicer must deliver or make available such reports, statements and files under the Pooling and Servicing Agreement, each CREFC® NOI Adjustment Worksheet and CREFC® Operating Statement Analysis Report.
Appears in 1 contract
Samples: Sub Servicing Agreement (Citigroup Commercial Mortgage Trust 2016-P6)
is not incorporated herein. The Primary Servicer shall deliver to the Master Servicer, no later than 3:00 p.m. New York City time on the Primary Servicer Reporting Date, by electronic transmission in a mutually agreeable format, the CREFC® Loan Periodic Update File, providing the required information as of such Determination Date. The Primary Servicer shall deliver to the Master Servicer by electronic transmission (in a mutually agreeable format) (a) not later than 3:00 p.m. New York City time on the first Business Day following each Determination Date, the Collection Report (the information therein to be stated as of the Determination Date) in the form of Exhibit G and (b) within thirty (30) days after the end of each calendar quarter, beginning with the quarter ending in December March of 2014, the certification on the Mortgage Loans, including without limitation information regarding UCC Financing Statements, taxes, insurance premiums, ground rents and accounts, required by and in the form of Exhibit E attached hereto. The Primary Servicer shall deliver to the Master Servicer no later than 3:00 pm New York City time on the third Business Day of each month by electronic transmission in a mutually agreeable format, a remittance report containing scheduled balance information for each Mortgage Loan reflecting the scheduled Periodic Payment for such month in the form of Exhibit G attached hereto. In addition, on each day that the Primary Servicer forwards to the Master Servicer any funds pursuant to Section 3.01(c)(11) of this Agreement, the Primary Servicer shall deliver to the Master Servicer by electronic transmission in a mutually agreeable format, a report of the nature of such remittance in the form of Exhibit G attached hereto.
Appears in 1 contract
Samples: Primary Servicing Agreement (WFRBS Commercial Mortgage Trust 2013-C17)
is not incorporated herein. The Primary Servicer shall deliver to the Master Servicer, (a) no later than 3:00 1:00 p.m. New York City time on the Primary Servicer Reporting Date, Date by electronic transmission in a mutually agreeable formatformat designated by the Master Servicer, the CREFC® Loan Periodic Update File, providing the required information as of such Determination Date. The Primary Servicer shall deliver to the Master Servicer by electronic transmission , (in a mutually agreeable formatb) (a) not no later than 3:00 1:00 p.m. New York City time on the first Business Day following each Determination Date, Primary Servicer Reporting Date by electronic transmission in a format designated by the Master Servicer the Collection Report (the information therein to be stated as of the Determination Date) in the form of Exhibit G attached hereto and (bc) within thirty (30) days after the end of each calendar quarter, beginning with the quarter ending in on December of 201431, 2016, the certification on the Mortgage Loans, including without limitation information regarding UCC Financing Statementsfinancing statements, taxes, insurance premiums, premiums and ground rents and accountsrents, required by and in the form of Exhibit E attached hereto. The Primary Servicer shall deliver to the Master Servicer no later than 3:00 pm New York City time on the third second Business Day of each month by electronic transmission in a mutually agreeable formatformat designated by the Master Servicer, a remittance report containing scheduled balance information for each the Mortgage Loan Loans reflecting the scheduled Periodic Payment for such month in the form of Exhibit G attached hereto. In addition, on each day that the Primary Servicer forwards to the Master Servicer any funds pursuant to Section 3.01(c)(11) or Section 3.01(c)(13) of this Agreement, the Primary Servicer shall deliver to the Master Servicer by electronic transmission (with a copy to xxxxxxxxxx.xxxxxxxxxxxxxxx.xxxx@xxxxxxxxxx.xxx) in a mutually agreeable formatformat reasonably acceptable to the Master Servicer and the Primary Servicer, a report of the nature of such remittance in the form of Exhibit G attached hereto. The Primary Servicer shall also prepare and deliver to the Master Servicer not later than 1:00 p.m. New York City time by the twenty-fifth day of each month, a certification in the form of Exhibit J attached hereto. The Primary Servicer shall also prepare and deliver to the Master Servicer such other reports as reasonably requested by the Master Servicer from time to time.
Appears in 1 contract
Samples: Primary Servicing Agreement (CFCRE 2016-C6 Mortgage Trust)
is not incorporated herein. The Primary Servicer shall deliver to the Master Servicer, no later than 3:00 p.m. New York City time on the Primary Servicer Reporting Date, by electronic transmission in a mutually agreeable format, the CREFC® Loan Periodic Update File, providing the required information as of such Determination Date. The Primary Servicer shall deliver to the Master Servicer by electronic transmission (in a mutually agreeable format) (a) not later than 3:00 p.m. New York City time on the first Business Day following each Determination Date, the Collection Report (the information therein to be stated as of the Determination Date) in the form of Exhibit G and (b) within thirty (30) days after the end of each calendar quarter, beginning with the quarter ending in December June of 2014, the certification on the Mortgage Loans, including without limitation information regarding UCC Financing Statements, taxes, insurance premiums, ground rents and accounts, required by and in the form of Exhibit E attached hereto. The Primary Servicer shall deliver to the Master Servicer no later than 3:00 pm New York City time on the third Business Day of each month by electronic transmission in a mutually agreeable format, a remittance report containing scheduled balance information for each Mortgage Loan reflecting the scheduled Periodic Payment for such month in the form of Exhibit G attached hereto. In addition, on each day that the Primary Servicer forwards to the Master Servicer any funds pursuant to Section 3.01(c)(11) of this Agreement, the Primary Servicer shall deliver to the Master Servicer by electronic transmission in a mutually agreeable format, a report of the nature of such remittance in the form of Exhibit G attached hereto.
Appears in 1 contract
Samples: Primary Servicing Agreement (WFRBS Commercial Mortgage Trust 2014-C19)