SERVICER TO ACT AS SERVICER; SPECIAL SERVICER TO ACT AS SPECIAL SERVICER. Each of the Servicer and the Special Servicer, is an independent contract servicer and shall service and administer the Note Indebtedness and the Underlying Loans solely on behalf of, and in the best interests of (as determined by the Servicer or Special Servicer in its reasonable judgment) and for the benefit of the Holders in accordance with applicable law the terms of this Indenture and the other Security Documents and the following Standards (the "SERVICING STANDARDS"):
Appears in 4 contracts
Samples: Indenture and Servicing Agreement (Gotham Golf Corp), Indenture and Servicing Agreement (Gotham Golf Corp), Indenture and Servicing Agreement (Gotham Golf Corp)
SERVICER TO ACT AS SERVICER; SPECIAL SERVICER TO ACT AS SPECIAL SERVICER. Each of the Servicer and the Special Servicer, is an independent contract servicer and shall service and administer the Note Indebtedness Loan and the Underlying Loans Mortgage Loan solely on behalf of, and in the best interests of (as determined by the Servicer or Special Servicer in its reasonable judgment) and for the benefit of the Holders in accordance with applicable law the terms of this Indenture and the other Security Documents and the following Standards (the "SERVICING STANDARDSServicing Standards"):
Appears in 1 contract
Samples: Indenture and Servicing Agreement (Vornado Realty Trust)
