Common use of Succession; Subcontractors Clause in Contracts

Succession; Subcontractors. As a condition to the succession to the Master Servicer, Special Servicer or any Servicing Participant as servicer or Sub-Servicer under this Agreement or any Sub-Servicing Agreement by any Person (i) into which the Master Servicer and Special Servicer or such Servicing Participant may be merged or consolidated, or (ii) which may be appointed as a successor to the Master Servicer, Special Servicer or any Servicing Participant, the Master Servicer or Special Servicer, as applicable, shall provide to the Depositor, at least 15 calendar days prior to the effective date of such succession or appointment, (x) written notice to the Depositor of such succession or appointment and (y) in writing and in form and substance reasonably satisfactory to the Depositor, all information necessary to comply with the reporting requirements of Section 8.17(j) hereof.

Appears in 3 contracts

Samples: Intercreditor Agreement (Wachovia Bank Commercial Mortgage Trust Series 2007-C31), Pooling and Servicing Agreement (Wachovia Bank Commercial Mortgage Trust Series 2006-C24), Distribution Instructions (Wachovia Bank Commercial Mortgage Trust Series 2007-C31)

AutoNDA by SimpleDocs

Succession; Subcontractors. As a condition to the succession to the Master Servicer, Special Servicer or any Servicing Participant as servicer or Sub-Servicer under this Agreement or any Sub-Servicing Agreement by any Person (i) into which the Master Servicer and Special Servicer or such Servicing Participant may be merged or consolidated, or (ii) which may be appointed as a successor to the Master Servicer, Special Servicer or any Servicing Participant, the Master Servicer or Special Servicer, as applicable, shall provide to the Depositor, at least 15 fifteen (15) calendar days prior to the effective date of such succession or appointment, (x) written notice to the Depositor of such succession or appointment and (y) in writing and in form and substance reasonably satisfactory to the Depositor, all information necessary to comply with the reporting requirements of Section 8.17(j) hereof.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Wachovia Bank Commercial Mortgage Trust Series 2006-C25)

AutoNDA by SimpleDocs

Succession; Subcontractors. As a condition to the succession to the Master Servicer, Special Servicer or any Servicing Participant as servicer or Sub-Servicer under this Agreement or any Sub-Servicing Agreement by any Person (i) into which the Master Servicer and Special Servicer or such Servicing Participant may be merged or consolidated, or (ii) which may be appointed as a successor to the Master Servicer, Special Servicer or any Servicing Participant, the Master Servicer or Special Servicer, as applicable, shall provide to the Depositor, at least 15 calendar days prior to the effective date of such succession or appointment, (x) written notice to the Depositor of such succession or appointment and (y) in writing and in form and substance reasonably satisfactory to the Depositor, all information necessary to comply with the reporting requirements of Section 8.17(j8.18(j) hereof.

Appears in 1 contract

Samples: Intercreditor and Servicing Agreement (Wachovia Bank Commercial Mortgage Trust Series 2006-C28)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!