Common use of Sales of A Notes; Sale of REO Property Clause in Contracts

Sales of A Notes; Sale of REO Property. (i) In no event shall any Person have authority to sell any Note pursuant to the Servicing Agreement or any Securitization Servicing Agreement without the written consent of the related Noteholder, which consent may be granted or withheld in its sole and absolute discretion, in each case other than solely pursuant the Note B Holder’s option under Section 12, the option of a mezzanine lender to purchase the Mortgage Loan under the terms of the related mezzanine intercreditor agreement, as set forth in the Securitization Servicing Agreement for a Securitization Trust that is the Noteholder of such Note or as set forth below

Appears in 9 contracts

Samples: Amended And (Bank5 2023-5yr3), Agreement Between Noteholders (BBCMS Mortgage Trust 2023-C21), Amended And (BMO 2023-C6 Mortgage Trust)

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