Termination of Duties with Respect to Specially Serviced Loans. At such time as any Mortgage Loan or Serviced Companion Loan becomes a Specially Serviced Loan, the obligations and duties of the Primary Servicer set forth herein with respect to such Specially Serviced Loan that are required to be performed by the Special Servicer under the Pooling and Servicing Agreement shall cease in accordance with Section 3.01(c) of this Agreement. The Primary Servicer shall continue to perform all of its duties hereunder with respect to the Specially Serviced Loans to the extent set forth in Section 3.01 of this Agreement. If a Specially Serviced Loan becomes a Corrected Loan, the Primary Servicer shall commence servicing such Corrected Loan pursuant to the terms of this Agreement.
Termination of Duties with Respect to Specially Serviced Loans. At such time as any Mortgage Loan becomes a Specially Serviced Loan, the obligations and duties of the Primary Servicer set forth herein with respect to such Specially Serviced Loan shall cease and such Mortgage Loan shall no longer be subject to this Agreement.
Termination of Duties with Respect to Specially Serviced Loans. At such time as any Mortgage Loan becomes a Specially Serviced Loan, the obligations and duties of the Sub-Servicer set forth herein with respect to such Specially Serviced Loan that are required to be performed by the Special Servicer under the Pooling and Servicing Agreement shall cease in accordance with Section 3.01(c) of this Agreement. The Sub-Servicer shall continue to perform all of its duties hereunder with respect to the Specially Serviced Loans to the extent set forth in Section 3.01 of this Agreement. If a Specially Serviced Loan becomes a Corrected Mortgage Loan, the Sub-Servicer shall commence servicing such Corrected Mortgage Loan pursuant to the terms of this Agreement.
Termination of Duties with Respect to Specially Serviced Loans. At such time as any Mortgage Loan becomes a Specially Serviced Loan, the obligations and duties of the Primary Servicer set forth herein with respect to such Specially Serviced Loan that are required to be performed by the Special Servicer under the Pooling and Servicing Agreement shall cease. The Primary Servicer shall continue to perform all of its duties hereunder with respect to the Specially Serviced Loans that are not required to be performed by the Special Servicer pursuant to the Pooling and Servicing Agreement. If a Specially Serviced Loan becomes a Corrected Loan, the Primary Servicer shall commence servicing such Corrected Loan pursuant to the terms of this Agreement.
Termination of Duties with Respect to Specially Serviced Loans. At such time as any Serviced Loan becomes a Specially Serviced Loan, the obligations and duties (but not the right to receive the Sub-Servicing Fee) of the Sub-Servicer set forth herein with respect to such Specially Serviced Loan that are required to be performed by the Special Servicer under the Pooling and Servicing Agreement shall cease; provided, however, that although duties of the Sub-Servicer shall terminate to the extent transferred to the Special Servicer, the Sub-Servicer shall retain the Serviced Loans on its computer systems so long as such Serviced Loans are Specially Serviced Loans. Any such Serviced Loan retained on the computer systems of the Sub-Servicer shall be subject to the rights of the Special Servicer while such Serviced Loan is a Specially Serviced Loan. In addition, the Sub-Servicer shall continue to perform all of its duties hereunder with respect to the Specially Serviced Loans that are not required to be performed by the Special Servicer pursuant to the Pooling and Servicing Agreement. If a Specially Serviced Loan becomes a Corrected Serviced Loan, the Sub-Servicer shall commence servicing such Corrected Serviced Loan pursuant to the terms of this Agreement.
Termination of Duties with Respect to Specially Serviced Loans. At such time as any Mortgage Loan becomes a Specially Serviced Loan, the obligations and duties of the Primary Servicer set forth herein with respect to such Specially Serviced Loan shall cease in accordance with Section 5.01 of this Agreement. Upon receipt of notice from the Master Servicer that a Servicing Transfer Event has occurred with respect to the Mortgage Loan, the Primary Servicer shall promptly (and in any event no later than three (3) Business Days subsequent to its receipt of such notice) deliver to the Master Servicer any portion of the Servicing File or the Mortgage File retained by the Primary Servicer and any and all other documents and records (including, without limitation, those in electronic form) related to the Mortgage Loan and requested by the Master Servicer to enable it to assume the Primary Servicer’s functions hereunder, and shall cooperate with the Master Servicer in effecting the termination of the Primary Servicer’s responsibilities and rights hereunder with respect to the Mortgage Loan, including, without limitation, the transfer within one (1) Business Day to the Master Servicer for administration by it of all cash amounts related to the Mortgage Loan which shall at the time be or should have been credited by the Primary Servicer to the Primary Servicer Collection Account, the Collection Account or any Servicing Account, or thereafter be received with respect to the Mortgage Loan.
