Common use of Specially Serviced Mortgage Loans Clause in Contracts

Specially Serviced Mortgage Loans. The Primary Servicer shall promptly notify the Master Servicer and the Special Servicer, with respect to each Specially Serviced Mortgage Loan, of any questions, complaints, legal notices, or other communications relating to the foreclosure or default of such loans or bankruptcy proceedings of a Mortgagor that are received by the Primary Servicer and such other matters as would, consistent with the Servicing Standard, require notification to the owner or the servicer of the Mortgage Loan. The Master Servicer shall notify the Primary Servicer of any Specially Serviced Mortgage Loan becoming a Rehabilitated Mortgage Loan promptly following the Master Servicer's receipt of notice to such effect from the Special Servicer and shall request, upon request by the Primary Servicer, from the Special Servicer copies of all relevant documents received by the Special Servicer during the time that such Mortgage Loan was a Specially Serviced Mortgage Loan and deliver to the Primary Servicer such documents promptly following the Master Servicer's receipt thereof, together with any relevant documents received by the Master Servicer (other than from the Primary Servicer) during the time that such Mortgage Loan was a Specially Serviced Mortgage Loan.

Appears in 7 contracts

Samples: Pooling and Servicing Agreement (Bear Stearns Commercial Mortgage Securities Trust 2005-Top20), Pooling and Servicing Agreement (Morgan Stanley Capital I Trust 2005-Hq6), Pooling and Servicing Agreement (Morgan Stanley Capital I Trust 2005-Hq7)

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Specially Serviced Mortgage Loans. The Primary Servicer Subservicer shall promptly notify the Master Servicer and the Special Servicer, with respect to each Specially Serviced Mortgage Loan, of any questions, complaints, legal notices, or other communications relating to the foreclosure or default of such loans or bankruptcy proceedings of a Mortgagor that are received by the Primary Servicer Subservicer and such other matters as would, consistent with the Servicing Standard, require notification to the owner or the servicer of the Mortgage Loan. The Master Servicer shall notify the Primary Servicer Subservicer of any Specially Serviced Mortgage Loan becoming a Rehabilitated Mortgage Loan promptly following the Master Servicer's receipt of notice to such effect from the Special Servicer and shall request, upon request by the Primary ServicerSubservicer, from the Special Servicer copies of all relevant documents received by the Special Servicer during the time that such Mortgage Loan was a Specially Serviced Mortgage Loan and deliver to the Primary Servicer Subservicer such documents promptly following the Master Servicer's receipt thereof, together with any relevant documents received by the Master Servicer (other than from the Primary ServicerSubservicer) during the time that such Mortgage Loan was a Specially Serviced Mortgage Loan.

Appears in 2 contracts

Samples: Subservicing Agreement (Morgan Stanley Capital I Trust 2006-Hq8), Subservicing Agreement (Morgan Stanley Capital I Trust 2007-Iq14)

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Specially Serviced Mortgage Loans. The Primary Servicer Subservicer shall promptly notify the Capmark Master Servicer and the General Special Servicer, with respect to each Specially Serviced Mortgage Loan, of any questions, complaints, legal notices, or other communications relating to the foreclosure or default of such loans or bankruptcy proceedings of a Mortgagor that are received by the Primary Servicer Subservicer and such other matters as would, consistent with the Servicing Standard, require notification to the owner or the servicer of the Mortgage Loan. The Capmark Master Servicer shall notify the Primary Servicer Subservicer of any Specially Serviced Mortgage Loan becoming a Rehabilitated Mortgage Loan promptly following the Capmark Master Servicer's receipt of notice to such effect from the General Special Servicer and shall request, upon request by the Primary ServicerSubservicer, from the General Special Servicer copies of all relevant documents received by the General Special Servicer during the time that such Mortgage Loan was a Specially Serviced Mortgage Loan and deliver to the Primary Servicer Subservicer such documents promptly following the Capmark Master Servicer's receipt thereof, together with any relevant documents received by the Capmark Master Servicer (other than from the Primary ServicerSubservicer) during the time that such Mortgage Loan was a Specially Serviced Mortgage Loan.

Appears in 2 contracts

Samples: Primary Servicing Agreement (Morgan Stanley Capital I Trust 2007-Iq15), Sub Servicing Agreement (Morgan Stanley Capital I Trust 2007-Iq16)

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