No Advancing. Under no circumstance shall the Subservicer make or have an obligation to make any Advances. The Subservicer will promptly notify the Master Servicer in accordance with the Task Description if the Subservicer believes that a Servicing Advance is or will be required to be made with respect to any Mortgage Loan.
Appears in 2 contracts
Samples: Subservicing Agreement (Morgan Stanley Capital I Trust 2006-Hq8), Subservicing Agreement (Morgan Stanley Capital I Trust 2007-Iq14)
No Advancing. Under no circumstance shall the Subservicer make or have an obligation to make any Advances. The Subservicer will promptly notify the Capmark Master Servicer in accordance with the Task Description if the Subservicer believes that a Servicing Advance is or will be required to be made with respect to any Mortgage Loan.
Appears in 2 contracts
Samples: Subservicing Agreement (Morgan Stanley Capital I Trust 2007-Iq15), Subservicing Agreement (Morgan Stanley Capital I Trust 2007-Iq16)
No Advancing. Under no circumstance shall the Subservicer make or have an obligation to make any Advances. The Subservicer will promptly notify the Master Servicer in accordance with the Task Description if the Subservicer believes that a Servicing Advance is or will be required to be made with respect to any Mortgage Loan.
Appears in 1 contract
Samples: Subservicing Agreement (COMM 2006-C7 Mortgage Trust)
