Management of REO Property. (a) Prior to the acquisition of title to any Mortgaged Property securing a defaulted Mortgage Loan, the Special Servicer shall review the operation of such Mortgaged Property and determine the nature of the income that would be derived from such property if it were acquired by the Trust. If the Special Servicer determines from such review that:
Appears in 29 contracts
Samples: Pooling and Servicing Agreement (WFRBS Commercial Mortgage Trust 2012-C8), Pooling and Servicing Agreement (WFRBS Commercial Mortgage Trust 2012-C9), Pooling and Servicing Agreement (WFRBS Commercial Mortgage Trust 2012-C7)
Management of REO Property. (a) Prior to the acquisition by it of title to any a Mortgaged Property securing (other than a defaulted Mortgage LoanMortgaged Property that secures an Outside Serviced Loan Combination), the Special Servicer shall review the operation of such Mortgaged Property and determine the nature of the income that would be derived from such property if it were acquired by the TrustTrust Fund. If the Special Servicer determines from such review that:
Appears in 18 contracts
Samples: Pooling and Servicing Agreement (LB-UBS Commercial Mortgage Trust 2007-C7), Pooling and Servicing Agreement (Lb-Ubs Commercial Mortgage Trust 2006-C1), Pooling and Servicing Agreement (Lb-Ubs Commercial Mortgage Trust 2006-C3)
Management of REO Property. (a) Prior to the acquisition of title to any a Mortgaged Property securing a defaulted Mortgage LoanProperty, the Special Servicer shall review the operation of such Mortgaged Property and determine the nature of the income that would be derived from such property if it were acquired by the TrustTrust Fund. If the Special Servicer determines from such review that:
Appears in 17 contracts
Samples: Pooling and Servicing Agreement (Merrill Lynch Mortgage Investors Inc), Pooling and Servicing Agreement (First Union Com Mor Sec Inc Com Mor Pass THR Cer Ser 2001-C1), Pooling and Servicing Agreement (Mortgage Pass Through Cert Series 1998-C3)
Management of REO Property. (a) Prior to the acquisition by it of title to any a Mortgaged Property securing a defaulted Mortgage LoanProperty, the Special Servicer shall review the operation of such Mortgaged Property and determine the nature of the income that would be derived from such property if it were acquired by the TrustTrust Fund. If the Special Servicer determines from such review that:
Appears in 15 contracts
Samples: Pooling and Servicing Agreement (Merrill Lynch Mortgage Trust 2006-C1), Pooling and Servicing Agreement (ML-CFC Commercial Mortgage Trust 2006-3), Pooling and Servicing Agreement (LB-UBS Commercial Mortgage Trust 2005-C3)
Management of REO Property. (a) Prior to the acquisition of title to any a Mortgaged Property securing a defaulted Mortgage LoanProperty, the Special Servicer shall review the operation of such Mortgaged Property and determine the nature of the income that would be derived from such property if it were acquired by the TrustTrust Fund. If the Special Servicer determines from such review thatin compliance with the Servicing Standard that in its good faith and reasonable judgment:
Appears in 13 contracts
Samples: Pooling and Servicing Agreement (Wachovia Bank Commercial Mortgage Trust Series 2006-C24), Distribution Instructions (Wachovia Bank Commercial Mortgage Trust Series 2007-C34), Intercreditor and Servicing Agreement (Wachovia Bank Commercial Mortgage Trust Series 2005-C17)
Management of REO Property. (a) Prior to the acquisition of title to any Mortgaged Property securing a defaulted Mortgage Loan, the Special Servicer shall review the operation of such Mortgaged Property and determine the nature of the income that would be derived from such property if it were acquired by the Trust. If the Special Servicer determines from such review review, in its good faith and reasonable judgment, that:
Appears in 8 contracts
Samples: Pooling and Servicing Agreement (Morgan Stanley Capital I Inc Com Mort Ps THR Cer Se 1998-Cf1), Pooling and Servicing Agreement (Morgan Stanley Capital I Inc), Pooling and Servicing Agreement (Morgan Stanley Capital I Inc)
Management of REO Property. (a) Prior to the acquisition by it of title to any a Serviced Mortgaged Property securing a defaulted Mortgage LoanProperty, the Special Servicer shall review the operation of such Serviced Mortgaged Property and determine the nature of the income that would be derived from such property if it were acquired by the TrustTrust Fund. If the Special Servicer determines from such review that:
Appears in 7 contracts
Samples: Pooling and Servicing Agreement (ML-CFC Commercial Mortgage Trust 2007-9), Pooling and Servicing Agreement (MLMT 2008-C1), Pooling and Servicing Agreement (ML-CFC Commercial Mortgage Trust 2006-4)
Management of REO Property. (a) Prior to the acquisition of title to any Mortgaged Property securing a defaulted Mortgage Loan, the Special Servicer shall review the operation of such Mortgaged Property and determine the nature of the income that would be derived from such property if it were acquired by the TrustTrust Fund. If the Special Servicer determines from such review that:
Appears in 6 contracts
Samples: Pooling and Servicing Agreement (DLJ Commercial Mortgage Corp), Pooling and Servicing Agreement (Mortgage Capital Funding Inc), Pooling and Servicing Agreement (Criimi Mae CMBS Corp)
Management of REO Property. (a) Prior to the acquisition of title to any Mortgaged Property securing a defaulted Mortgage Loan, the applicable Special Servicer shall review the operation of such Mortgaged Property and determine the nature of the income that would be derived from such property if it were acquired by the Trust. If the applicable Special Servicer determines from such review that:
Appears in 5 contracts
Samples: Pooling and Servicing Agreement (Credit Suisse First Boston Mor Sec Corp Com Cer Ser 2003-C3), Pooling and Servicing Agreement (Commercial Mortgage Pass THR Cert Ser 2001-Ckn5), Pooling and Servicing Agreement (CSFB Mortgage Sec Corp Comm Mort Pass THR Cert Ser 2003-Cnp1)
Management of REO Property. (a) Prior to the acquisition by it of title to any a Mortgaged Property securing with respect to a defaulted Mortgage Serviced Loan, the Special Servicer shall review the operation of such Mortgaged Property and determine the nature of the income that would be derived from such property if it were acquired by the TrustTrust Fund. If the Special Servicer determines from such review that:
Appears in 4 contracts
Samples: Pooling and Servicing Agreement (Greenwich Capital Commercial Funding Corp. Commercial Mortgage Pass-Through Certificates Series 2004-Gg1), Pooling and Servicing Agreement (Greenwich Capital Commercial Funding Corp. Commercial Mortgage Trust 2006-Gg7), Pooling and Servicing Agreement (GCCFC 2005-Gg3)
Management of REO Property. (a) [Prior to the acquisition of title to any Mortgaged Property securing a defaulted Mortgage Mortgaged Loan, the Special Servicer shall review the operation of such Mortgaged Property and determine the nature of the income that would be derived from such property if it were acquired by the TrustTrustee, on behalf of the Bondholders and, subject to the lien of the Indenture, the Trustee. If the Special Servicer determines from such review that:
Appears in 3 contracts
Samples: Servicing and Administration Agreement (Criimi Mae CMBS Corp), Servicing and Administration Agreement (Criimi Mae CMBS Corp), Servicing and Administration Agreement (Structured Asset Securities Corp Series 1997 Ll I)
Management of REO Property. (a) Prior to the acquisition of title to any a Mortgaged Property securing a defaulted Mortgage LoanProperty, the Special Servicer shall review the operation of such Mortgaged Property and consult with the Trustee, or any person appointed by the Trustee to act as tax administrator to determine the nature of the income that would be derived from such property if it were acquired by the TrustTrust Fund. If the Special Servicer determines from such review that:
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (Merrill Lynch Mort Inv Inc Com MRT Pas THR Cert Ser 2002 Mw1), Pooling and Servicing Agreement (Merrill Lynch Comm Mort Ps THR Certs Ser 2003-Key1), Pooling and Servicing Agreement (Merrill Lynch Mortgage Investors Inc)
Management of REO Property. (a) Prior to the acquisition of title to any a Mortgaged Property securing (other than a defaulted Mortgaged Property that secures an Outside Serviced Trust Mortgage Loan), the Special Servicer shall review the operation of such Mortgaged Property and determine the nature of the income that would be derived from such property if it were acquired by the TrustTrust Fund. If the Special Servicer determines from such review thatin compliance with the Servicing Standard that in its good faith and reasonable judgment:
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (Citigroup Commercial Mortgage Trust 2008-C7), Pooling and Servicing Agreement (Citigroup Commercial Mortgage Trust 2007-C6), Pooling and Servicing Agreement (CD 2007-Cd4 Commercial Mortgage Trust)
Management of REO Property. (a) Prior to the acquisition by it of title to any a Mortgaged Property securing a defaulted Mortgage Loan(other than the Meriden Mall Mortgaged Property or the Grace Building Mortgaged Property), the Special Servicer shall review the operation of such Mortgaged Property and determine the nature of the income that would be derived from such property if it were acquired by the TrustTrust Fund. If the Special Servicer determines from such review that:
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (LB-UBS Commercial Mortgage Trust 2004-C8), Pooling and Servicing Agreement (LB-UBS Commercial Mortgage Trust 2004-C8)
Management of REO Property. (a) Prior to the acquisition of title to any a Mortgaged Property securing a defaulted Mortgage LoanProperty, the Special Servicer shall review the operation of such Mortgaged Property and determine the nature of the income that would be derived from such property if it were acquired by the TrustTrust Fund. If the Special Servicer determines from such review that:
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Merrill Lynch Mortgage Investors Inc), Pooling and Servicing Agreement (Merrill Lynch Mortgage Investors Inc)
Management of REO Property. (a) Prior to the acquisition by it of title to any a Mortgaged Property securing a defaulted Mortgage Loan(other than the Two Penn Plaza Mortgaged Property), the Special Servicer shall review the operation of such Mortgaged Property and determine the nature of the income that would be derived from such property if it were acquired by the TrustTrust Fund. If the Special Servicer determines from such review that:
Appears in 1 contract
Samples: Pooling and Servicing Agreement (LB-UBS Commercial Mortgage Trust 2004-C6)
Management of REO Property. (a) Prior to the acquisition by it of title to any a Mortgaged Property securing a defaulted Mortgage Loan(other than the One Lincoln Street Mortgaged Property or the World Apparel Center Mortgaged Property), the Special Servicer shall review the operation of such Mortgaged Property and determine the nature of the income that would be derived from such property if it were acquired by the TrustTrust Fund. If the Special Servicer determines from such review that:
Appears in 1 contract
Samples: Pooling and Servicing Agreement (LB-UBS Commercial Mortgage Trust 2004-C7)
Management of REO Property. (a) Prior to the acquisition of title to any a Mortgaged Property securing a defaulted Mortgage LoanProperty, the Special Servicer shall review the operation of such Mortgaged Property and determine the nature of the income that would be derived from such property if it were acquired by the TrustTrust Fund. If the Special Servicer determines from such review review, in its good faith and reasonable judgment, that:
Appears in 1 contract
Samples: Pooling and Servicing Agreement (First Union National Bank Com Mort Pas THR Cert Ser 2002 C1)
Management of REO Property. (a) Prior to the acquisition of title to any Mortgaged Property securing a defaulted Mortgage Loan, the Special Servicer shall review the operation of such Mortgaged Property and determine the nature of the income that would be derived from such property if it were acquired by the Owner Trust. If the Special Servicer determines from such review that:
Appears in 1 contract
Samples: Servicing Agreement (Imh Assets Corp Impac CMB Trust 1998 C1 Col Mor Bond 1998 C1)
Management of REO Property. (a) Prior to the acquisition of title to any a Mortgaged Property securing (other than a defaulted Mortgaged Property that secures the Outside Serviced Trust Mortgage Loan), the Special Servicer shall review the operation of such Mortgaged Property and determine the nature of the income that would be derived from such property if it were acquired by the TrustTrust Fund. If the Special Servicer determines from such review thatin compliance with the Servicing Standard that in its good faith and reasonable judgment:
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Citigroup Commercial Mortgage Trust 2006-C5)
Management of REO Property. (a) Prior to the acquisition of title to any Mortgaged Property securing a defaulted Defaulted Mortgage Loan, the Special Servicer shall review the operation of such Mortgaged Property and determine the nature of the income that would be derived from such property if it were acquired by the TrustTrust Fund. If the Special Servicer determines from such review review, in its good faith and reasonable judgment, that:
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Gmac Commercial Mortgage Securities Inc)
Management of REO Property. (a) Prior to the acquisition of title to any a Mortgaged Property securing a defaulted (other than the Mortgaged Property relating to the 2006-C23 Serviced Mortgage Loan), the Special Servicer shall review the operation of such Mortgaged Property and determine the nature of the income that would be derived from such property if it were acquired by the TrustTrust Fund. If the Special Servicer determines from such review thatin compliance with the Servicing Standard that in its good faith and reasonable judgment:
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Wachovia Bank Commercial Mortgage Trust Series 2006-C25)
Management of REO Property. (a) Prior to the acquisition by it of title to any a Mortgaged Property securing with respect to a defaulted Mortgage Loan, the Special Servicer shall review the operation of such Mortgaged Property and determine the nature of the income that would be derived from such property if it were acquired by the TrustTrust Fund. If the Special Servicer determines from such review that:
Appears in 1 contract
Samples: Pooling and Servicing Agreement (CWCapital Commercial Funding Corp.)
Management of REO Property. (a) Prior to the acquisition of title to any a Mortgaged Property securing (other than a defaulted Mortgaged Property that secures the Outside Serviced Mortgage Loan), the Special Servicer shall review the operation of such Mortgaged Property and determine the nature of the income that would be derived from such property if it were acquired by the TrustTrust Fund. If the Special Servicer determines from such review thatin compliance with the Servicing Standard that in its good faith and reasonable judgment:
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Citigroup Commercial Mortgage Securities Inc)
Management of REO Property. (a) Prior to the acquisition by it of title to any a Mortgaged Property securing a defaulted Mortgage Loan(other than the GIC Office Mortgaged Properties), the Special Servicer shall review the operation of such Mortgaged Property and determine the nature of the income that would be derived from such property if it were acquired by the TrustTrust Fund. If the Special Servicer determines from such review that:
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Structured Asset Sec Corp Lb-Ubs Comm Mort Trust 2004-C2)
Management of REO Property. (a) Prior to the acquisition by it of title to any a Mortgaged Property securing a defaulted Mortgage Loan(other than the 000 Xxxxx Xxxxxx Mortgaged Property), the Special Servicer shall review the operation of such Mortgaged Property and determine the nature of the income that would be derived from such property if it were acquired by the TrustTrust Fund. If the Special Servicer determines from such review that:
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Structured Asset Sec Corp Ii Lb-Ubs Comm Mort Trust 2004-C4)
Management of REO Property. (a) Prior to the acquisition of title to any a Mortgaged Property securing a defaulted Mortgage LoanProperty, other than the UBS Warburg Building Mortgaged Property, the Special Servicer shall review the operation of such Mortgaged Property and determine the nature of the income that would be derived from such property if it were acquired by the TrustTrust Fund. If the Special Servicer determines from such review that:
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Structured Asset Securities Corp)
Management of REO Property. (a) Prior to the acquisition of title to any a Mortgaged Property securing a defaulted (other than the Mortgaged Properties relating to the Non-Serviced Mortgage LoanLoans), the Special Servicer shall review the operation of such Mortgaged Property and determine the nature of the income that would be derived from such property if it were acquired by the TrustTrust Fund. If the Special Servicer determines from such review thatin compliance with the Servicing Standard that in its good faith and reasonable judgment:
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Wachovia Bank Commercial Mortgage Trust Series 2007-C33)
Management of REO Property. (a) Prior to the acquisition by it of title to any a Mortgaged Property securing a defaulted Mortgage LoanProperty, other than the _______________ Mortgaged Property, which is addressed in Section 3.17A, the Special Servicer shall review the operation of such Mortgaged Property and determine the nature of the income that would be derived from such property if it were acquired by the TrustTrust Fund. If the Special Servicer determines from such review that:
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Structured Asset Securities Corp Ii)
Management of REO Property. (a) Prior to the acquisition of title to any a Mortgaged Property securing a defaulted Mortgage LoanProperty, the Special Servicer shall review the operation of such Mortgaged Property and determine the nature of the income that would be derived from such property if it were acquired by the TrustTrust Fund. If the Special Servicer determines from such review in its good faith and reasonable judgment, that:
Appears in 1 contract
Samples: Pooling and Servicing Agreement (CDC Commercial Mortgage Trust 2002-Fx1)
