Special Servicing Agreements. The Servicer may enter into a special servicing advisory agreement with (i) a holder of (a) the Class R Certificate, (b) the Class C Certificate, (c) one or more other Class of subordinated certificates issued by the Issuing Entity and/or (d) a NIM Note and/or (ii) an advisor designated by any of the foregoing. Pursuant to such agreement, the Servicer may provide such holder or advisor, in its capacity as special servicing advisor, with loan-level information with respect to the Mortgage Loans, and such person may advise the Servicer with respect to efforts to maximize recoveries with regard to the Mortgage Loans, including, without limitation, the commencement of foreclosure proceedings or other actions.
Special Servicing Agreements. The Servicer may enter into a special servicing advisory agreement with an unaffiliated holder of the Class R Certificate and/or one or more other class of subordinated certificates and/or an advisor designated by the holder of the Class R Certificate. Pursuant to such agreement, the Servicer may provide such holder or advisor, in its capacity as special servicing advisor, with loan-level information with respect to the Mortgage Loans, and the holder of the Class R Certificate or the special servicing advisor designated by the holder of the Class R Certificate may advise the Servicer with respect to the commencement of foreclosure proceedings or other actions to liquidate such Mortgage Loans and/or any other efforts to maximize recoveries with respect to such Mortgage Loans.
Special Servicing Agreements. The Master Servicer may continue in effect Subservicing Agreements entered into by Sellers and Subservicers prior to the execution and delivery of this Agreement, and may enter into new Subservicing Agreements with Subservicers, for the servicing and administration of all or some of the Mortgage Loans it services. Each Subservicer of a Mortgage Loan shall be entitled to receive and retain, as provided in the related Subservicing Agreement and in Section 3.07, the related Primary Servicing Fee from payments of interest received on such Mortgage Loan after payment of all amounts required to be remitted to the Master Servicer in respect of such Mortgage Loan. Unless the context otherwise requires, references in this Agreement to actions taken or to be taken by the Master Servicer in servicing the Mortgage Loans include actions taken or to be taken by a Subservicer on behalf of the Master Servicer. Each Subservicing Agreement will be upon such terms and conditions as are not inconsistent with this Agreement and as the Master Servicer and the Subservicer have agreed. With the approval of the Master Servicer, a Subservicer may delegate its servicing obligations to third-party servicers, but such Subservicer will remain obligated under the related Subservicing Agreement.
Special Servicing Agreements. The Servicer may enter into a special servicing advisory agreement with an unaffiliated holder of the Class R Certificate and/or one or more other classes of subordinated certificates or an advisor thereto designated by such holder. Pursuant to such agreement, the Servicer may provide such holder or advisor, in its capacity as special servicing advisor, with loan-level information with respect to the Mortgage Loans, and such holder or advisor may advise the Servicer with respect to the commencement of foreclosure proceedings or other actions to liquidate such Mortgage Loans and/or any other efforts to maximize recoveries with respect to such Mortgage Loans.
Special Servicing Agreements. Each Servicer may enter into a special servicing agreement with an unaffiliated Holder of 100% Percentage Interest of the Class X Certificates, but such Servicer will be required to continue otherwise to service the Mortgage Loans it services in accordance with the provisions of this Agreement. Such agreement shall be subject to each Rating Agency's acknowledgement that the ratings of the Certificates in effect immediately prior to the entering into such agreement would not be qualified, downgraded or withdrawn and the Certificates would not be placed on credit review status (except for possible upgrading) as a result of such agreement. Any such agreement may contain provisions whereby such holder may instruct the related Servicer to commence or delay foreclosure proceedings with respect to delinquent Mortgage Loans and will contain provisions for the deposit of cash by the holder that would be available for distribution to Certificateholders if Liquidation Proceeds are less than they otherwise may have been had such Servicer acted in accordance with its normal procedures.
Special Servicing Agreements. The Servicer may enter into a special servicing advisory agreement with an unaffiliated holder of the Class A-R Certificate, as defined in the Pooling and Servicing Agreement and/or one or more other classes of subordinated certificates or an advisor thereto designated by such holder. Pursuant to such agreement, the Servicer may provide such holder or advisor, in its capacity as special servicing advisor, with loan-level information with respect to the Mortgage Loans, and such holder or advisor may advise the Servicer with respect to the commencement of foreclosure proceedings or other actions to liquidate delinquent Mortgage Loans and/or any other efforts to maximize recoveries with respect to such Mortgage Loans.
Special Servicing Agreements. The Servicers may enter into a special servicing advisory agreement with a holder of the Class R Certificate and/or one or more other class of subordinated certificates issued by the Issuing Entity or of a net interest margin trust holding certificates issued by the Issuing Entity and/or an advisor designated by the holder of the Class R Certificate. Pursuant to such agreement, the Initial Servicer may provide such holder or advisor, in its capacity as special servicing advisor, with loan-level information with respect to the Mortgage Loans, and the holder of the Class R Certificate or the special servicing advisor designated by the holder of the Class R Certificate may advise the Initial Servicer with respect to the commencement of foreclosure proceedings or other actions to liquidate such Mortgage Loans and/or any other efforts to maximize recoveries with respect to such Mortgage Loans
Special Servicing Agreements. Wilshire may enter into a special servicing advisory agreement with a holder of the Class C Certificate and/or one or more other class of subordinated certificates issued by the Issuing Entity or of a net interest margin trust holding certificates issued by the Issuing Entity and/or an advisor designated by the holder of the Class C Certificate. Pursuant to such agreement, Wilshire may provide such holder or advisor, in its capacity as special servicing advisor, with loan-level information with respect to the Mortgage Loans, and the holder of the Class C Certificate or the special servicing advisor designated by the holder of the Class C Certificate may advise Wilshire with respect to the commencement of foreclosure proceedings or other actions to liquidate such Mortgage Loans and/or any other efforts to maximize recoveries with respect to such Mortgage Loans
Special Servicing Agreements. The Trustee acknowledges for the benefit of each servicer or master servicer under a Special Servicing Agreement to which AIC is a party and which relates to any of the Pooled Certificates that it is not entitled to exercise any contractual rights under those various Special Servicing Agreements either prior to, or, if applicable, after any foreclosure upon the Collateral due to a default under the Notes, without the express prior written consent of such servicer or master servicer. In addition, each Holder and each Note Owner by its acceptance of an Individual Note or of an interest in a Global Note, acknowledges such limitations on the powers of the Trustee and that it as Noteholder or Note Owner also has no entitlement to exercise any such contractual rights.
Special Servicing Agreements. The Servicer may enter into a special servicing advisory agreement with (i) a holder of (a) the Class R Certificate, (b) the Class C Certificate, and (c) one or more other Class of subordinated securities issued by the Issuing Entity and/or (ii) an advisor designated by any of the foregoing. Pursuant to such agreement, the Servicer may provide such holder or advisor, in its capacity as special servicing advisor, with loan-level information with respect to the Mortgage Loans, and such person may advise the Servicer with respect to efforts to maximize recoveries with regard to the Mortgage Loans, including, without limitation, the commencement of foreclosure proceedings or other actions. The Master Servicer shall have no obligation to monitor or otherwise have any responsibilities with respect to such advisory agreements.
