Modifications, Waivers, Amendments, Extensions and Consents. Subject to the limitations of Section 12.3 hereof, the Master Servicer shall have the following powers:
Modifications, Waivers, Amendments, Extensions and Consents. (a) Subject to the limitations of Section 12.3 hereof, the Master Servicer shall have the following powers: (i) Subject to Section 10.3, the right of the Special Servicer to process Major Decisions during any Subordinate Control Period or Collective Consultation Period, and the terms and conditions of any related Intercreditor Agreement, the Master Servicer in accordance with the Servicing Standard may agree to any modification, waiver, amendment or consent of or relating to any term (other than a Money Term) of a Mortgage Loan (other than a Non-Serviced Mortgage Loan), a Serviced Companion Loan or a B Note that is not a Specially Serviced Mortgage Loan (such terms to include, without limitation, Master Servicer Consent Matters set forth in Section 8.3(a) hereof), provided that such amendment would not result in an Adverse REMIC Event or an Adverse Grantor Trust Event. In any event, the Master Servicer shall promptly notify the Special Servicer of any material modification, waiver, amendment or consent executed by the Master Servicer pursuant to this Section 8.18(a)(i) and provide to the Special Servicer a copy thereof. Notwithstanding the foregoing provisions of this Section 8.18, if the related Mortgage Loan documents require a Mortgagor to pay a fee for an assumption, modification, waiver, amendment or consent that would be due or partially due to the Special Servicer, then the Master Servicer shall not waive the portion of such fee due to the Special Servicer without the Special Servicer’s approval.
Modifications, Waivers, Amendments, Extensions and Consents. (a) The Master Servicer shall provide prompt written notice to the Special Servicer of any request for modification, waiver or amendment of any Mortgage Loan (other than any Non-Serviced Mortgage Loan) or Loan Pair, together together with any information in the possession of the Master Servicer that the Special Servicer may reasonably request to process any such action that constitutes a Major Decision or Special Servicer Decision. Subject to the limitations of Section 12.3 hereof, the Master Servicer shall have the following powers:
Modifications, Waivers, Amendments, Extensions and Consents. (a) Subject to the provisions of Section 8.19, Section 12.3 and this Section 8.18 (and, in the case of any Loan Pair or A/B Mortgage Loan, subject to the terms of the related Loan Pair Intercreditor Agreement or Intercreditor Agreement, respectively), the Master Servicer and the Special Servicer may, on behalf of the Trustee, agree to any modification, waiver or amendment of any term of any Mortgage Loan without the consent of the Trustee or any Certificateholder.
Modifications, Waivers, Amendments, Extensions and Consents. (a) (i) Subject to the limitations of Section 8.18(a)(iii) and Section 12.3 hereof, the Master Servicer shall have the following powers (without the requirement of obtaining consent of the Special Servicer) with respect to any Mortgage Loan that is not also a Specially Serviced Mortgage Loan:
Modifications, Waivers, Amendments, Extensions and Consents. In the event the Primary Servicer receives a request from a Borrower pursuant to the provisions of any Mortgage Loan (other than a Specially Serviced Mortgage Loan) regarding (a) any term of a Mortgage Loan that is not a Specially Serviced Mortgage Loan or (b) any request by a Borrower (including any request for consent, as more fully detailed below or any modification or waiver, as more fully described below, the Primary Servicer shall obtain relevant information for purposes of evaluating such request. The Primary Servicer shall provide the Master Servicer with a written case including its recommendation with respect to such matter and the materials upon which such recommendation is based and shall prepare such documents as are necessary to process such request.
Modifications, Waivers, Amendments, Extensions and Consents. (a) The Master Servicer, in accordance with the Servicing Standard and subject to the terms of this Agreement, shall have the following powers:
Modifications, Waivers, Amendments, Extensions and Consents. (a) Subject to the limitations of Section 12.4 hereof and the consent rights of the Operating Adviser set forth herein, the Special Servicer and Master Servicer, as applicable, shall have the following powers:
Modifications, Waivers, Amendments, Extensions and Consents. In the event the Primary Servicer receives a request from a Mortgagor pursuant to the provisions of any Mortgage Loan (other than a Specially Serviced Mortgage Loan) regarding (a) any term of a Mortgage Loan that is not a Specially Serviced Mortgage Loan or (b) any request by a Mortgagor (including any request for consent, as more fully detailed below or any modification or waiver, as more fully described below, the Primary Servicer shall obtain relevant information for purposes of evaluating such request. The Primary Servicer shall provide the Master Servicer with a written case, including its recommendation with respect to such matter and the materials upon which such recommendation is based. Further, upon receipt of approval or consent from the Master Servicer (to the extent required), the Primary Servicer shall prepare such documents as are necessary to process such request and provide the documents to the Master Servicer for signature.
Modifications, Waivers, Amendments, Extensions and Consents
