THE SPECIAL SERVICER Sample Clauses
THE SPECIAL SERVICER. Section 7.01 Merger or Consolidation of the Special Servicer. Section 7.02 Limitation on Liability of the Special Servicer and Others.
THE SPECIAL SERVICER. The Special Servicer, as independent contract servicer, shall, notwithstanding any other provisions hereof, service and administer the Specially Serviced Mortgage Loans and REO Property on behalf of and in the best interests of and for the benefit of the Certificateholders in accordance with this Agreement and Accepted Special Servicing Practices. In the event that a Mortgage Loan becomes a Specially Serviced Mortgage Loan, subject to the provisions contained in this Article VI, the Master Servicer shall continue to collect all Monthly Payments called for under the terms and provisions of the Mortgage Loan in accordance with Section 4.02, except as otherwise directed by the Special Servicer in writing, but the Special Servicer shall make any Advances pursuant to Section 6.10.
THE SPECIAL SERVICER. Section 6.02
THE SPECIAL SERVICER. 79 SECTION 6.02 Transfer to Special Servicing . . . . . . . . . . . . 79 SECTION 6.03 Servicing of Specially Serviced Mortgage Loans . . . 80 SECTION 6.04 Management of REO Property. . . . . . . . . . . . . . 84 SECTION 6.05 Sale of REO Property and Specially Serviced Mortgage Loans . . . . . . . . . . . . . . . . . . . . . . . . 85 SECTION 6.06 REO Account; Collection of REO Proceeds . . . . . . . 87 SECTION 6.07
THE SPECIAL SERVICER. The Special Servicer, as independent contract servicer, shall, notwithstanding any other provisions hereof, service and administer the Specially Serviced Mortgage Loans and REO Property on behalf of and in the best interests of and for the benefit of the Certificateholders (as determined by the Special Servicer in its good faith and reasonable judgment) in accordance with Accepted Special Servicing Practices. In the event that a Mortgage Loan becomes a Specially Serviced Mortgage Loan, subject to the provisions contained in this Article VI, the Master Servicer shall continue to collect all Monthly Payments called for under the terms and provisions of the Mortgage Loan in accordance with Section 4.02, except as otherwise directed by the Special Servicer in writing.
THE SPECIAL SERVICER in the case of the Specially Serviced Mortgage Loans, and the Master Servicer, in the case of all other Mortgage Loans, shall make reasonable efforts to collect promptly from each Mortgagor annual and quarterly operating statements and rent rolls of the related Mortgaged Property, and financial statements of such Mortgagor, whether or not delivery of such items is required pursuant to the terms of the related Mortgage. The Special Servicer, in the case of the Specially Serviced Mortgage Loans, and the Master Servicer, in the case of all other Mortgage Loans, shall promptly: (i) review all such items as may be collected; (ii) prepare written reports based on such reviews identifying the revenues, expenses, Net Operating Income and Debt Service Coverage Ratios for the related Mortgage Loans and any extraordinary increases or decreases in expenses or revenues associated with the related Mortgaged Properties; and (iii) deliver copies of the collected items, and of the written reports prepared in respect thereof, to the Trustee, the Rating Agencies and each other, in each case within 45 days of its receipt or preparation, as applicable. The Trustee shall make available to Certificateholders, Certificate Owners and prospective Certificateholders and Certificate Owners (which prospective Certificateholders and Certificate Owners have been certified to it as such by a Certificateholder or a Certificate Owner), in accordance with Section 8.12(b), all such copies so delivered to it. In the absence of actual knowledge that the Master Servicer or the Special Servicer is in default under this Section 3.12(b), the Trustee shall have no obligation to confirm that the Master Servicer or the Special Servicer has or is attempting to collect any of the items described above in this Section 3.12(b).
THE SPECIAL SERVICER. The Special Servicer, as independent contract servicer, shall, notwithstanding any other provisions hereof, service and administer the Specially Serviced Mortgage Loans and REO Property on behalf of and in the best interests of and for the benefit of the Certificateholders in accordance with this Agreement, the Crown Participation Agreement and