Management and Disposition of Collateral. Subject to the other terms and conditions of this Agreement (including the Servicing Standard), the Manager will have full power and authority, acting alone or through the Servicer and any Subservicer, to cause to be done any and all things in connection with the Manager’s management of any Collateral or Acquired Property, that the Manager may deem necessary or desirable, and cause to be made all asset management decisions in its reasonable discretion. The acquisition, ownership, management and disposition of any such Acquired Property is subject to the terms set forth in Section 5 of the Servicing Addendum.
Management and Disposition of Collateral. Subject to the other terms and conditions of this Agreement (including the Servicing Standard), the Company shall have full power and authority, acting alone or through any Servicer and any Subservicers, to cause to be done any and all things in connection with the Company’s management of any Collateral or Acquired Collateral, that the Company may deem necessary or desirable, and cause to be made all asset management decisions in its reasonable discretion, including the following:
(a) The Company may cause the retention of property management and leasing firms and other agents and contractors.
(b) If required because construction has not been completed, the Company may enter into contracts for the completion and maintenance of the construction project, including contracts with the general contractor, the architect and the major subcontractors.
(c) The Company shall have the sole right to cause to be hired and terminated any property managers, sales agents and, if the project is not then fully complete at the time in question, contractors, architects and other design and construction professionals and consultants.
(d) The Company shall cause reasonable efforts to be used to sell any Acquired Collateral to unaffiliated third parties for cash, and shall be responsible for the documentation of such sales.
(e) The Company shall cause legal counsel to be hired when necessary or desirable in connection with any Acquired Collateral.
(f) The Company may hold Acquired Collateral in an Ownership Entity and may permit the sale, transfer or release of all or any portion of any Acquired Collateral.
(g) The Company may permit capital improvements and physical or structural changes to be made to the Acquired Collateral to complete partially completed projects, and the costs of all such improvements shall be deemed to be Servicing Expenses.
(h) The Company may permit the authorization of any easements or other changes to title.
(i) The Company may permit the settlement of any insurance claim or condemnation awards.
(j) The Company may release a Borrower, any Guarantor, or any other party now or hereafter liable for the payment of a Loan or the performance of any other obligation relating thereto, including in connection with any Guarantee, any environmental indemnity, or any intercreditor agreement or Loan Participation Agreement, or amend in any way any intercreditor agreement or Loan Participation Agreement.
(k) The Company may permit any lease for the Acquired Collatera...
Management and Disposition of Collateral. Subject to the other terms and conditions of this Agreement (including the Servicing Standard), and the Reimbursement, Security and Guaranty Agreement, the Manager shall have full power and authority, acting alone or through any Servicer and any Subservicer, to cause to be done any and all things in connection with the Manager’s management of any Collateral or Acquired Property, that the Manager may deem necessary or desirable, and cause to be made all asset management decisions in its reasonable discretion.
Management and Disposition of Collateral. Subject to the other terms and conditions of this Agreement (including the Servicing Standard), the Manager will have full power and authority, acting alone or through the Servicer and any Subservicer, to cause to be done any and all things in connection with the Manager’s management of any Collateral or Acquired Property, that the Manager may deem necessary or desirable, and cause to be made all asset management decisions in its reasonable discretion. The acquisition, ownership, management and disposition of any such Acquired Property is subject to the terms set forth in Section 5 of the Servicing Addendum. 12.17. [Intentionally Omitted]. 12.18. [Intentionally Omitted].
Management and Disposition of Collateral. Subject to the other terms and conditions of this Agreement (including the Servicing Standard) and the Reimbursement, Security and Guaranty Agreement, the Manager will have full power and authority, acting alone or through the Servicer and any Subservicer, to cause to be done any and all things in connection with the Manager’s management of any Collateral or Acquired Property, that the Manager may deem necessary or desirable, and cause to be made all asset management decisions in its reasonable discretion. The acquisition, ownership, management and disposition of any such Acquired Property is subject to the terms set forth in Section 5 of the Servicing Addendum. 12.17. [Intentionally Omitted]. 12.18. [Intentionally Omitted].
