Common use of Major Decisions Clause in Contracts

Major Decisions. (a) any proposed or actual foreclosure upon or comparable conversion of the ownership of the Property or the exercise of any other remedies with respect to the Loan;

Appears in 14 contracts

Samples: Agreement Between Note Holders (CSAIL 2019-C16 Commercial Mortgage Trust), Agreement Between Note Holders (BBCMS Mortgage Trust 2019-C3), Agreement Between Note Holders (CSAIL 2019-C15 Commercial Mortgage Trust)

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Major Decisions. (a) any proposed or actual foreclosure upon or comparable conversion (which may include acquisitions of the REO Property) of the ownership of the Property or the exercise of any other remedies with respect to the Loan;

Appears in 13 contracts

Samples: Agreement Between Note Holders (BBCMS Mortgage Trust 2023-C22), Agreement Between Note Holders (BMO 2023-C6 Mortgage Trust), Agreement Between Noteholders (BBCMS Mortgage Trust 2022-C15)

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Major Decisions. (a) any proposed or actual foreclosure upon or comparable conversion of the ownership of the Mortgaged Property or the exercise of any other remedies with respect to the Mortgage Loan;

Appears in 4 contracts

Samples: Agreement (BBCMS Mortgage Trust 2023-C21), Agreement (3650R 2022-Pf2 Commercial Mortgage Trust), Agreement Between Note Holders (Bank 2022-Bnk44)

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