Common use of Reporting by the Special Servicers Clause in Contracts

Reporting by the Special Servicers. Not later than 1:00 p.m. (New York City time) on the first Business Day following each Determination Date following the earliest date on which any Mortgage Loan has become a Specially Serviced Mortgage Loan, the applicable Special Servicer shall prepare and deliver or cause to be delivered to the applicable Master Servicer the CREFC® Special Servicer Loan File, providing the required information as of such Determination Date. In addition, the applicable Special Servicer shall from time to time provide the applicable Master Servicer with such information in the applicable Special Servicer’s possession regarding any Specially Serviced Mortgage Loan or Administered REO Property as may be requested by the applicable Master Servicer and is reasonably necessary for the applicable Master Servicer to prepare each report and any supplemental information required to be provided by the applicable Master Servicer to the Certificate Administrator. The applicable Special Servicer, subject to the limitations on delivery of Privileged Communications, shall deliver to the Trust Advisor such reports and other information produced or otherwise available to the Majority Subordinate Certificateholder, or Certificateholders generally, requested by the Trust Advisor in support of its obligations under this Agreement. Notwithstanding the foregoing, the applicable Special Servicer shall not be required to prepare and deliver any of such files or reports with respect to the initial Determination Date following the Closing Date.