Consulting Party definition

Consulting Party. With respect to any Serviced Mortgage Loan or, if applicable, Serviced Loan Combination, each of:

Consulting Party. Each of: (i) solely during a CCR Consultation Period and provided that no Control Appraisal Period under the Co-Lender Agreement has occurred and is continuing, the Controlling Class Representative; (ii) each Risk Retention Consultation Party; and (iii) during the occurrence and continuance of a Control Appraisal Period under the Co-Lender Agreement, each Companion Loan Holder (to the extent the Companion Loan Holders are entitled to exercise such consultation rights under the Co-Lender Agreement). For the avoidance of doubt, the Controlling Class Representative shall not be a Consulting Party if and for so long as a CCR Consultation Termination Event is in effect or during the existence of a Control Appraisal Period, and any consultation rights of the Companion Loan Holders shall be subject to the terms of the Co-Lender Agreement. Notwithstanding the foregoing, no Consulting Party can be a Borrower Restricted Party.

Consulting Party means the Party obliged to Consult.

Examples of Consulting Party in a sentence

• The Special Servicer may choose to revise the Asset Status Report as it deems reasonably necessary in accordance with the Servicing Standard to take into account any input and/or recommendations of any applicable Consulting Party, but is under no obligation to follow any particular recommendation of any applicable Consulting Party.

• In addition, the Operating Advisor (when it is an applicable Consulting Party) will be entitled, while a Servicing Shift Mortgage Loan is serviced hereunder, to consult on a non-binding basis with the Special Servicer and propose alternative courses of action and provide other feedback in respect of any Major Decisions and any proposed sale of such Servicing Shift Mortgage Loan.

• 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.

• For the avoidance of doubt, (x) no Risk Retention Consulting Party shall have any consultation rights with respect to any related Excluded RRCP Mortgage Loan and (y) any consultation with any Risk Retention Consultation Party under this Agreement shall be on a strictly non-binding basis and shall be subject to all limitations with respect to the procedures and timing for such consultation set forth in this Section 6.09.

• The Special Servicer shall consult on a non-binding basis with any applicable Consulting Party (other than any Risk Retention Consultation Party) in connection with each Asset Status Report prior to finalizing and executing such Asset Status Report and any applicable Consulting Party (other than any Risk Retention Consultation Party) shall be permitted to propose alternative courses of action and provide other feedback within 10 Business Days of receipt of each Asset Status Report.

More Definitions of Consulting Party

Consulting Party. Each of: (i) prior to the occurrence and continuance of a C Note Control Appraisal Period under the Co-Lender Agreement, and solely during a CCR Consultation Period, the Controlling Class Representative; (ii) at any time, each Risk Retention Consultation Party; and (iii) if a C Note Control Appraisal Period has occurred and is continuing under the Co-Lender Agreement, each Companion Loan Holder that is not the Controlling Noteholder (or its representative, which may be the controlling class representative with respect to the securitization of the related Note) (in each case to the extent such holders are entitled to exercise such consultation rights under the Co-Lender Agreement). For the avoidance of doubt, the Controlling Class Representative shall not be a Consulting Party if and for so long as a CCR Consultation Termination Event is in effect or during the existence of a C Note Control Appraisal Period, and any consultation rights of the Companion Loan Holders shall be subject to the terms of the Co-Lender Agreement. Notwithstanding the foregoing, a Borrower Restricted Party cannot be a Consulting Party.

Consulting Party. Each of: (i) solely during a CCR Consultation Period, the Controlling Class Representative; (ii) at any time, each Companion Loan Holder (to the extent such Companion Loan Holder is entitled to exercise such consultation rights under the Co-Lender Agreement); and (iii) at any time, each Risk Retention Consultation Party. For the avoidance of doubt, the Controlling Class Representative shall not be a Consulting Party if and for so long as a CCR Consultation Termination Event is in effect, and any consultation rights of the Companion Loan Holder(s) shall be subject to the terms of the Co-Lender Agreement. Notwithstanding the foregoing, no Consulting Party can be a Borrower Restricted Party.

Consulting Party. Each of: (i) solely during a CCR Consultation Period, the Controlling Class Representative; (ii) at any time, each Companion Loan Holder (to the extent such Companion Loan Holder is entitled to exercise such consultation rights under the Co-Lender Agreement); and (iii) solely after the occurrence and during the continuance of an Operating Advisor Consultation Trigger Event, the Operating Advisor. For the avoidance of doubt, (A) the Controlling Class Representative shall not be a Consulting Party if and for so long as a CCR Consultation Termination Event is in effect, and any consultation rights of the Companion Loan Holder(s) shall be subject to the terms of the Co-Lender Agreement and (B) the Operating Advisor shall not be a Consulting Party unless an Operating Advisor Consultation Trigger Event has occurred and is continuing. Notwithstanding the foregoing, a Borrower Restricted Party cannot be a Consulting Party.

Consulting Party. Section 106 term that refers to organizations and/or individuals with a demonstrated interest in the undertaking due to the nature of their legal or economic relation to the undertaking or affected properties, or their concern with the undertaking’s effects on historic properties. The participation of consulting parties is subject to approval by the federal agency (in this case, NSF). Effect: an alteration to the characteristics of a historic property qualifying it for inclusion in or eligibility for the NRHP (36 CFR 800.16(i)).

Consulting Party means the Pawnee Nation or any party seeking consultation with the Pawnee Nation.

Consulting Party has the meaning set forth in Section 12.6.

Consulting Party means the Party that requests consultations and the Party to whom the request for consultations is made;