Asset Status Report definition

Asset Status Report shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in the Servicing Agreement.

Asset Status Report. As defined in Section 3.21(d).

Asset Status Report. As defined in Section 3.21(b) of this Agreement.

Examples of Asset Status Report in a sentence

• Each Asset Status Report shall be delivered in electronic format to the Operating Advisor (subject to Section 3.21(e) of this Agreement), any applicable Directing Holder, any applicable Consulting Parties and, for posting to the Rule 17g-5 Information Provider’s Website pursuant to Section 12.13 of this Agreement, the Rule 17g-5 Information Provider; provided, however, the Special Servicer shall not be required to deliver an Asset Status Report to the related Directing Holder if they are the same entity.

• The Special Servicer may, from time to time, modify any Asset Status Report it has previously delivered and implement such report, provided such report shall have been prepared, reviewed and not rejected pursuant to the terms of this Section 3.21(b).

• If the Special Servicer acts or intends to act in accordance with either of the prior two sentences, then the Special Servicer shall act in accordance with the most recent Asset Status Report provided by the Special Servicer with respect to the subject Serviced Loan that is consistent with the Servicing Standard and such Asset Status Report shall be deemed a Final Asset Status Report.

• The Special Servicer shall deliver a summary of each Final Asset Status Report to the Certificate Administrator.

• The Special Servicer shall consider any such proposals and other feedback from any such applicable Consulting Party and determine whether any changes to its proposed Asset Status Report should be made, such determination being made in accordance with the Servicing Standard and the other terms of this Agreement, but the Special Servicer will be under no obligation to revise such Asset Status Report based on the input or comments of any applicable Consulting Party.

More Definitions of Asset Status Report

Asset Status Report shall have the meaning assigned to such term or an analogous term in the Lead Securitization Servicing Agreement.

Asset Status Report has the meaning set forth in Section 9.32.

Asset Status Report shall have the meaning assigned to such term in (i) prior to the First Securitization, the Model PSA; or (ii) from and after the First Securitization, the Securitization Servicing Agreement.

Asset Status Report. As defined in Section 3.21(b) of this Agreement. “Assignment of Leases”: With respect to any Mortgaged Property, any assignment of leases, rents and profits or similar agreement executed by the Mortgagor, assigning to the mortgagee all of the income, rents and profits derived from the ownership, operation, leasing or disposition of all or a portion of such Mortgaged Property, in the form which was duly executed, acknowledged and delivered, as amended, modified, renewed or extended through the date hereof and from time to time hereafter.

Asset Status Report has the meaning set forth in Section 8.29(c).

Asset Status Report means the asset status report(s) in the form set out in NR/L2/MTC/089/AMP009 and prepared and approved in accordance with NR/L2/MTC/089 BAPA Construction Certificate means the certificate acknowledged by countersignature of the agreed form by Network Rail in accordance with clause 7.7, confirming that the Construction Completion Criteria have been satisfied BAPA Final Certificate means the certificate acknowledged by countersignature of the agreed form by Network Rail in accordance with clause 7.10, confirming that the Final Completion Criteria have been satisfied CDM Regulations means the Construction (Design and Management) Regulations 2015 Change in Law means the application to any Party of any Legal Requirement which did not so previously apply or the change of any Legal Requirement applying to that Party (including any such Legal Requirement ceasing to apply, being withdrawn or not being renewed) other than in relation to corporation tax (or any other tax of a similar nature replacing corporation tax on profits or gains) or value added tax Change in Standards means the coming into effect of a Railway Industry Standard or of any amendment thereto, or of a Network Rail Standard or of any amendment thereto with which the Customer is obliged to comply, such Change in Standards to be applied after the Works have passed Approval in Principle only where the change has been made for safety reasons, pursuant to a Mandatory Variation Commencement Date means the date of this Agreement Competent Authority means any local, national or supra-national agency, authority, department, inspectorate, minister, ministry, official, court, tribunal or public or statutory person (whether autonomous or not), whether of the United Kingdom or of the European Union, which has, in respect of this Agreement, jurisdiction over either of the Parties or the subject matter of this Agreement Completion shall occur on the date which Network Rail countersigns the BAPA Final Certificate in accordance with clause 7 Completion Criteria means the criteria set out in paragraph I of Schedule 2 Construction Completion Certificate means the certificate referred to in Standard NR/L2/MTC/089 and recorded in form NR/L2/MTC/089/AMP014 Construction Completion Criteria means:

Asset Status Report after such Mortgage Loan becomes a Specially Serviced Mortgage Loan for approval of the respective Companion Loan Representative, subject to the limitations contained in such Intercreditor Agreement, and the Special Servicer will comply with the terms of the related Intercreditor Agreement with respect thereto.