Examples of Additional Item in a sentence
The Master Servicer and the Special Servicer shall each notify the Trustee and the Depositor in writing, promptly upon becoming aware thereof, whether any Sub-Servicer retained by it constitutes an Additional Item 1123 Servicer or a Sub-Servicing Function Participant.
The applicable Master Servicer and the Special Servicer shall each notify the Trustee and the Depositor in writing, promptly upon becoming aware thereof, whether any Sub-Servicer constitutes an Additional Item 1123 Servicer or a Sub-Servicing Function Participant.
For clarity, neither Party shall have any obligation to reimburse the other Party with respect to amounts incurred by the other Party with respect to any Additional Item, except as agreed by the JRC.
The applicable Master Servicer and the Special Servicer shall each notify the Trustee and the Depositor in writing, promptly upon becoming aware thereof, whether any Sub-Servicer constitutes an Additional Item 1123 Servicer (other than with respect to Designated Sub-Servicers as of the Closing Date and whether they constitute an Additional Item 1123 Servicer with respect to the Trust Fund as of the Closing Date) or a Sub-Servicing Function Participant.
Notwithstanding the foregoing, the Master Servicers and the Special Servicer may enter into arrangements with Servicing Representatives (in addition to the Designated Sub-Servicers) to perform particular services (e.g., inspections) on a loan-by-loan basis that would not cause such Servicing Representatives to be Additional Item 1123 Servicers.