Management of REO Property. [Prior to the acquisition of title to any Mortgaged Property securing a defaulted 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 Trustee, 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 (Structured Asset Securities Corp Series 1997 Ll I), Servicing and Administration Agreement (Criimi Mae CMBS Corp)
Management of REO Property. [Prior to the acquisition of title to any Mortgaged Property securing a defaulted Mortgaged 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 Trustee, on behalf of the Bondholders and, subject to the lien of the Indenture, the TrusteeTrust. If the Special Servicer determines from such review that:
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Credit Suisse First Boston Mortgage Securities Corp)
Management of REO Property. [Prior to the acquisition of title to any Mortgaged Property securing a defaulted Mortgaged 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 Trustee, on behalf of the Bondholders and, subject to the lien of the Indenture, the TrusteeTrust Fund. If the Special Servicer determines from such review that:
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Mortgage Capital Funding Inc)
