Common use of Termination of Duties with Respect to Specially Serviced Loans Clause in Contracts

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.

Appears in 8 contracts

Samples: Primary Servicing Agreement, Primary Servicing Agreement (CFCRE 2017-C8 Mortgage Trust), Primary Servicing Agreement (CFCRE 2016-C6 Mortgage Trust)

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Termination of Duties with Respect to Specially Serviced Loans. At such time as any Mortgage Loan or Serviced Whole 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 and/or Serviced Whole Loan shall no longer be subject to this Agreement.

Appears in 6 contracts

Samples: Primary Servicing Agreement (GS Mortgage Securities Trust 2015-Gs1), Primary Servicing Agreement (CFCRE 2016-C3 Mortgage Trust), Primary Servicing Agreement (Citigroup Commercial Mortgage Trust 2016-Gc36)

Termination of Duties with Respect to Specially Serviced Loans. At such time as any Mortgage the Serviced Loan Combination 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 the Serviced Loan Combination shall no longer be subject to this Agreement.

Appears in 4 contracts

Samples: Primary Servicing Agreement (Citigroup Commercial Mortgage Trust 2018-C6), Primary Servicing Agreement (CFCRE 2016-C6 Mortgage Trust), Primary Servicing Agreement (Citigroup Commercial Mortgage Trust 2016-C1)

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 Sub-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.

Appears in 2 contracts

Samples: Sub Servicing Agreement (UBS Commercial Mortgage Trust 2017-C7), Sub Servicing Agreement (UBS Commercial Mortgage Trust 2017-C6)

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 Sub-Servicer set forth herein with respect to such Specially Serviced Loan shall cease and such Mortgage Loan or Serviced Companion Loan shall no longer be subject to this Agreement.

Appears in 2 contracts

Samples: Sub Servicing Agreement (Morgan Stanley Capital I Trust 2019-H6), Sub Servicing Agreement (BBCMS Mortgage Trust 2018-C2)

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Termination of Duties with Respect to Specially Serviced Loans. At such time as any Mortgage Loan or Serviced Companion Loans 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 and such Mortgage Loan shall no longer be subject to this Agreement.in accordance with Section 3.01(c) of this

Appears in 1 contract

Samples: Primary Servicing Agreement (BBCMS Mortgage Trust 2024-C26)

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 Sub-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.

Appears in 1 contract

Samples: Sub Servicing Agreement (UBS Commercial Mortgage Trust 2018-C10)

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