Common use of Risk Retention Consultation Parties Clause in Contracts

Risk Retention Consultation Parties. If a Risk Retention Consultation Party has been selected, each of the Servicer, the Special Servicer, the Depositor, the Trustee, the Certificate Administrator and each other Trust Interest Owner (or Beneficial Owner, if applicable) shall be entitled to rely on such selection unless (i) CREFI (in the case of the VRR1 Risk Retention Consultation Party), GS Bank (in the case of the VRR2 Risk Retention Consultation Party), BCREI (in the case of the VRR3 Risk Retention Consultation Party) or BMO Hxxxxx (in the case of the VRR4 Risk Retention Consultation Party), as applicable, shall have notified the Servicer, the Special Servicer, the Trustee, the Certificate Administrator and each other Combined VRR Interest Owner, in writing, of the selection of a new Risk Retention Consultation Party along with contact information for such new Risk Retention Consultation Party and (ii) such new Risk Retention Consultation Party shall have delivered to the parties to this Agreement a certification substantially in the form of Exhibit S to this Agreement (along with contact information for such new Risk Retention Consultation Party).

Appears in 9 contracts

Samples: Trust and Servicing Agreement (Citigroup Commercial Mortgage Trust 2019-C7), Trust and Servicing Agreement (Wells Fargo Commercial Mortgage Securities Inc), Trust and Servicing Agreement (GS Mortgage Securities Trust 2020-Gc47)

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Risk Retention Consultation Parties. If a Risk Retention Consultation Party has been selected, each of the Servicer, the Special Servicer, the Depositor, the Trustee, the Certificate Administrator and each other Trust Interest Owner (or Beneficial Owner, if applicable) shall be entitled to rely on such selection unless (i) CREFI (in the case of the VRR1 Risk Retention Consultation Party), GS Bank BCREI (in the case of the VRR2 Risk Retention Consultation Party), BCREI DBNY (in the case of the VRR3 Risk Retention Consultation Party) or BMO Hxxxxx SGFC (in the case of the VRR4 Risk Retention Consultation Party), as applicable, shall have notified the Servicer, the Special Servicer, the Trustee, the Certificate Administrator and each other Combined VRR Interest Owner, in writing, of the selection of a new Risk Retention Consultation Party along with contact information for such new Risk Retention Consultation Party and (ii) such new Risk Retention Consultation Party shall have delivered to the parties to this Agreement a certification substantially in the form of Exhibit S to this Agreement (along with contact information for such new Risk Retention Consultation Party).

Appears in 7 contracts

Samples: Trust and Servicing Agreement (CSAIL 2021-C20 Commercial Mortgage Trust), Trust and Servicing Agreement (BBCMS Mortgage Trust 2021-C9), Trust and Servicing Agreement (Benchmark 2021-B23 Mortgage Trust)

Risk Retention Consultation Parties. If a Risk Retention Consultation Party has been selected, each of the Servicer, the Special Servicer, the Depositor, the Trustee, the Certificate Administrator and each other Trust Interest Owner (or Beneficial Owner, if applicable) shall be entitled to rely on such selection unless (i) CREFI (in the case of the VRR1 Risk Retention Consultation Party), GS Bank JPMCB (in the case of the VRR2 Risk Retention Consultation Party), BCREI GS Bank (in the case of the VRR3 Risk Retention Consultation Party) or BMO Hxxxxx WFB (in the case of the VRR4 Risk Retention Consultation Party), as applicable, shall have notified the Servicer, the Special Servicer, the Trustee, the Certificate Administrator and each other Combined VRR Interest Owner, in writing, of the selection of a new Risk Retention Consultation Party along with contact information for such new Risk Retention Consultation Party and (ii) such new Risk Retention Consultation Party shall have delivered to the parties to this Agreement a certification substantially in the form of Exhibit S to this Agreement (along with contact information for such new Risk Retention Consultation Party).

Appears in 2 contracts

Samples: Trust and Servicing Agreement (BBCMS Mortgage Trust 2024-5c29), Trust and Servicing Agreement (Bank5 2024-5yr9)

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Risk Retention Consultation Parties. If a Risk Retention Consultation Party has been selected, each of the Servicer, the Special Servicer, the Depositor, the Trustee, the Certificate Administrator and each other Trust Interest Owner (or Beneficial Owner, if applicable) shall be entitled to rely on such selection unless (i) CREFI (in the case of the VRR1 Risk Retention Consultation Party), GS Bank (in the case of the VRR2 Risk Retention Consultation Party), BCREI (in the case of the VRR3 Risk Retention Consultation Party) or BMO Hxxxxx Xxxxxx (in the case of the VRR4 Risk Retention Consultation Party), as applicable, shall have notified the Servicer, the Special Servicer, the Trustee, the Certificate Administrator and each other Combined VRR Interest Owner, in writing, of the selection of a new Risk Retention Consultation Party along with contact information for such new Risk Retention Consultation Party and (ii) such new Risk Retention Consultation Party shall have delivered to the parties to this Agreement a certification substantially in the form of Exhibit S to this Agreement (along with contact information for such new Risk Retention Consultation Party).

Appears in 1 contract

Samples: Trust and Servicing Agreement (BBCMS Mortgage Trust 2020-C7)

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