Serviced Mortgage Loan. The Special Servicer shall prepare a written report of each such inspection performed by it that sets forth in detail the condition of the Mortgaged Property and that specifies the existence of: (i) any sale, transfer or abandonment of the Mortgaged Property of which the Special Servicer is aware, (ii) any change in the condition, occupancy, or value of the Mortgaged Property that the Special Servicer, in its reasonable good faith judgment, considers material, or (iii) any waste committed on the Mortgaged Property. The Special Servicer shall deliver to the Trustee, the Depositor and the Master Servicer a copy of each such written report prepared by it within 45 days of the related inspection.
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (Criimi Mae CMBS Corp), Pooling and Servicing Agreement (DLJ Commercial Mortgage Corp), Pooling and Servicing Agreement (Criimi Mae CMBS Corp)
Serviced Mortgage Loan. The Special Servicer shall prepare a written report of each such inspection performed by it that sets forth in detail the condition of the Mortgaged Property and that specifies the existence of: (i) any sale, transfer or abandonment of the Mortgaged Property of which the Special Servicer is aware, (ii) any change in the condition, occupancy, or value of the Mortgaged Property that the Special Servicer, in its reasonable good faith judgment, considers material, or (iii) any waste committed on the Mortgaged Property. The Special Servicer shall deliver to the Trustee, the Depositor Master Servicer and the Master Servicer Issuer a copy of each such written report prepared by it within 45 ____ days of the related inspection.
Appears in 3 contracts
Samples: Servicing and Administration Agreement (Criimi Mae CMBS Corp), Servicing and Administration Agreement (Structured Asset Securities Corp Series 1997 Ll I), Servicing and Administration Agreement (Criimi Mae CMBS Corp)
