Lead PSA definition

Lead PSA means (a) during the period from and after the Note A-2 Securitization Date and prior to the Note A-1 Securitization Date, the Note A-2 PSA and (b) from and after the Note A-1 Securitization Date, the Note A-1 PSA.

Lead PSA means a pooling and servicing agreement, to be entered into in connection with the Securitization, by and among (a) the Person who serves as Trustee from and after the Lead Securitization Date, (b) the Person who serves as Master Servicer from and after the Lead Securitization Date, (c) the Person which serves as Special Servicer from and after the Lead Securitization Date, (d) the Person who serves as Operating Advisor from and after the Lead Securitization Date and (e) the Depositor, and any other additional Persons that may be party to such pooling and servicing agreement; provided it is acknowledged that such agreement is subject in all respects to changes (i) required by the Code relating to the tax elections of the related Securitization Trust (ii) required by law or changes in any law, rule or regulation and (iii) requested by the Rating Agencies or any purchaser of subordinate certificates. The Servicing Standard in the Lead PSA shall require, among other things, that each Servicer, in servicing the Mortgage Loan, must take into account the interests of each Noteholder (as a collective whole).

Lead PSA means the Note A-1 PSA.

Examples of Lead PSA in a sentence

• The Master Servicer, the Special Servicer and the Trustee, as applicable, shall be entitled to make their own recoverability determination with respect to a principal and interest Advance to be made on the Lead Note based on the information that they have on hand and in accordance with the Lead PSA.

• All escrow deposits and payments required to be deposited with the Seller or its agent in accordance with the Mortgage Loan documents have been (or by the Closing Date will be) so deposited, are in the possession of or under the control of the Seller or its agent (or, with respect to a Non-Serviced Trust Loan, in the possession of or under the control of the Lead Trustee or its agent under the applicable Lead PSA), and there are no deficiencies in connection therewith.

• The Noteholders acknowledge that the Lead PSA may contain certain provisions that give the Operating Advisor certain non-binding consultation rights with respect to Major Decisions related to compliance with the Risk Retention Rules applicable to the Lead Securitization.

• Whether any cash offer constitutes a fair price for such Notes shall be determined by the Special Servicer (or, the Trustee if from an Interested Party) or otherwise in accordance with the terms of the Lead PSA; provided, that no offer from an Interested Person shall constitute a fair price unless (i) it is the highest offer received and (ii) at least two bona fide other offers are received from independent third parties.

• The Non-Lead Master Servicer may be required to make principal and interest Advances on a Non-Lead Note, from time to time, subject to the terms of the Non-Lead PSA, the Lead PSA and this Agreement.

More Definitions of Lead PSA

Lead PSA means a pooling and servicing agreement, substantially in the form of the Model PSA and subject to Section 2 hereof, to be entered into in connection with the Securitization, by and among (a) the Person who serves as Trustee from and after the Lead Securitization Date, (b) the Person who serves as Master Servicer from and after the Lead Securitization Date, (c) the Person which serves as Special Servicer from and after the Lead Securitization Date, (d) the Person who serves as Operating Advisor from and after the Lead Securitization Date and (e) the Depositor, and any other additional Persons that may be party to such pooling and servicing agreement; provided it is acknowledged that such agreement is subject in all respects to changes (i) required by the Code relating to the tax elections of the related Securitization Trust (ii) required by law or changes in any law, rule or regulation and (iii) requested by the Rating Agencies or any purchaser of subordinate certificates. The Servicing Standard in the Lead PSA shall require, among other things, that each Servicer, in servicing the Mortgage Loan, must take into account the interests of each Noteholder (taking into account that the Subordinate Notes are junior to the A Notes as and to the extent provided herein).

Lead PSA means a pooling and servicing agreement, substantially in the form of the Model PSA, to be entered into in connection with the Lead Securitization, by and among (a) the Trustee, (b) the Person who serves as master servicer from and after the Lead Securitization Date, (c) the Person which serves as special servicer from and after the Lead Securitization Date, (d) the Person who services as operating advisor from and after the Lead Securitization Date and (e) the Depositor, and any other additional Persons that may be party to such pooling and servicing agreement; provided it is acknowledged that such agreement is subject in all respects to changes (i) required by the Code relating to the tax elections of the Lead Securitization Trust, (ii) required by law or changes in any law, rule or regulation and

Lead PSA means a pooling and servicing agreement, substantially in the form of the Model PSA or the pooling and servicing agreement of another conduit securitization program, which provides for substantially similar reporting and non-trust noteholder rights as the Model PSA and subject to Section 2 hereof, to be entered into in connection with the Lead Securitization, by and among (a) the Person who serves as Trustee from and after the Lead Securitization Date, (b) the Person who serves as Master Servicer from and after the Lead Securitization Date, (c) the Person which serves as Special Servicer from and after the Lead Securitization Date, (d) the Person who serves as Operating Advisor from and after the Lead Securitization Date and (e) the Depositor, and any other additional Persons that may be party to such pooling and servicing agreement; provided it is acknowledged that such agreement is subject in all respects to changes (i) required by the Code relating to the tax elections of the related Securitization Trust (ii) required by law or changes in any law, rule or regulation and (iii) requested by the Rating Agencies or any purchaser of subordinate certificates. The Servicing Standard in the Lead PSA shall require, among other things, that each Servicer, in servicing the Mortgage Loan, must take into account the interests of each Noteholder (taking into account that the Subordinate Notes are junior to the A Notes as and to the extent provided herein).

Lead PSA means each of the 200[_]-[___] PSA and the 200[_]-[___] PSA.

Lead PSA means each of the 2005-GG5 PSA and the LB-UBS 2006-C4 PSA.

Lead PSA means each of the 2004-GG2 PSA and, during a 1370 Avenue of the Americas Non-Lead Servicing Period, the 1370 Avenue of the Americas PSA.

Lead PSA means Pooling and Servicing Agreement, dated as of February 1, 2021, among Citigroup Commercial Mortgage Securities Inc., as Depositor, Midland Loan Services, a Division of PNC Bank, National Association, as Master Servicer, CWCapital Asset Management LLC, as a Special Servicer, Situs Holdings, LLC, solely with respect to the First Republic Center Loan Combination, as a Special Servicer, as a Special Servicer, Park Bridge Lender Services LLC, as Operating Advisor, Park Bridge Lender Services LLC, as Asset Representations Reviewer, Citibank, N.A., as Certificate Administrator, and Wilmington Trust, National Association, as Trustee. The Servicing Standard in the Lead PSA shall require, among other things, that each Servicer, in servicing the Mortgage Loan, must take into account the interests of each Noteholder as a collective whole as if such Noteholders constituted a single lender (and taking into account the subordinate nature of the Subordinate Note as and to the extent provided herein).