SIGNIFICANT MODIFICATIONS; SERVICING Sample Clauses

SIGNIFICANT MODIFICATIONS; SERVICING. (a) Borrower shall not take any Significant Modification of the Underlying Loan without first having given prior notice thereof to Lender in each such instance and receiving the prior written consent of Class A Lender. (b) To the extent that the Maturity Date is extended beyond August 9, 2027, Borrower acknowledges and agrees that, at the election of Class A Lender, the Loan Documents shall be modified to change the economics of the Loan in order to maintain substantially similar economics for Borrower and Class A Lender. (c) ▇▇▇▇▇▇▇▇ agrees that all of ▇▇▇▇▇▇▇▇’s right, title and interest in and to the servicing records relating to the Underlying Loan, if any, including but not limited to the files, documents, records, data bases, computer tapes, copies of computer tapes, proof of insurance coverage, insurance policies, appraisals, other closing documentation, payment history records, and any other records relating to or evidencing the servicing of Underlying Loan (the “Servicing Records”) shall constitute Collateral so long as the Underlying Loan is subject to this Agreement. Borrower covenants to (or to cause administrative agent (or any appointed third- party servicer) under the Underlying Loan Agreement to) use commercially reasonable efforts to safeguard such Servicing Records in Borrower’s possession and to deliver them promptly to Lender or its designee (including the Custodian) at ▇▇▇▇▇▇’s request. (d) The payment of servicing fees with respect to the Underlying Loan shall be solely the responsibility of Borrower and shall be subordinate to payment of amounts outstanding and due to Lender under the Loan Documents. (e) At the option of Class A Lender, the Loan may be serviced by a servicer/special servicer/trustee selected by Class A Lender, and Class A Lender may delegate all or any portion of its responsibilities under this Agreement and the other Loan Documents to such servicer/special servicer/trustee pursuant to a servicing agreement between Lender and such servicer/special servicer/trustee.