Merger or Consolidation of the Primary Servicer. (a) Subject to the following paragraph, the Primary Servicer will keep in full effect its existence, rights and franchises as a corporation under the laws of the state of its organization except as permitted herein and will obtain and preserve its qualification to do business as a foreign entity in each jurisdiction in which such qualification is or shall be necessary to protect the validity and enforceability of this Agreement or any of the Mortgage Loans and to perform its duties under this Agreement.
Appears in 8 contracts
Samples: Primary Servicing Agreement (Bear Stearns Commercial Mortgage Securities Trust 2007-Pwr16), Primary Servicing Agreement (Bear Stearns Commercial Mortgage Securities Trust 2006-Pwr14), Primary Servicing Agreement (Bear Stearns Commercial Mortgage Securities Trust 2007-Pwr15)
Merger or Consolidation of the Primary Servicer. (a) Subject to the following paragraph, the The Primary Servicer will shall keep in full effect its existence, rights and franchises as a corporation duly formed national banking association formed under the laws of the state of its organization except as permitted herein and will United States. The Primary Servicer shall obtain and preserve its qualification to do business as a foreign entity in each jurisdiction in which such qualification is or shall be necessary to protect the validity and enforceability of this Agreement or any of the Mortgage Loans and to perform its duties under this Agreement.
Appears in 2 contracts
Samples: Primary Servicing Agreement (Morgan Stanley Bank of America Merrill Lynch Trust 2012-C5), Primary Servicing Agreement (Morgan Stanley Bank of America Merrill Lynch Trust 2012-C5)
