Common use of Special Servicing Agreements Clause in Contracts

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 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 with regard to liquidate such Mortgage Loans and/or any other efforts to maximize recoveries with respect to such Mortgage Loans.

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 advisorholder, 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 delinquent Mortgage Loans and/or any other efforts to maximize recoveries with respect to such delinquent Mortgage Loans.