Primary Servicer definition

Primary Servicer. Prudential Asset Resources, Inc., or any successor thereto (as primary servicer) appointed as provided in the Primary Servicing Agreement.

Primary Servicer s rights and obligations shall expressly survive a termination of Master Servicer's servicing rights pursuant to the Pooling and Servicing Agreement (except a termination of Master Servicer caused by a Primary Servicer Default). In the event of such a termination, any successor Master Servicer or the Trustee (if it assumes the servicing obligations of the Master Servicer) shall be deemed to automatically have assumed and agreed to this Agreement without further action upon becoming the successor Master Servicer. Upon the request of Primary Servicer, Master Servicer shall confirm to Primary Servicer in writing that this Agreement remains in full force and effect. Upon the request of Primary Servicer, the successor Master Servicer or Trustee, as applicable, shall confirm to Primary Servicer in writing that this Agreement remains in full force and effect. Upon the request of the successor Master Servicer or Trustee, Primary Servicer shall confirm to the successor Master Servicer or Trustee, as applicable, in writing that this Agreement remains in full force and effect.

Primary Servicer. Any servicer with which the Company has entered into a servicing agreement, as described in Section 3.01(f).

Examples of Primary Servicer in a sentence

• On the Latest Servicer Remittance Date preceding each Distribution Date, the Master Servicer will confirm that, pursuant to Section 6.3, funds have been transferred from any Custodial Account for any Primary Servicer required to remit on or before that date to one or more Certificate Accounts or to a clearing account at an Eligible Depository, such clearing account to exist for the purpose of receiving funds held in trust.

• On or before the Latest Servicer Remittance Date preceding each Distribution Date, the Master Servicer or the Trustee will transfer or cause to be transferred for deposit to a Certificate Account (directly or through a clearing account as provided in Subsection 7.2(3)) certain funds deposited to one or more Custodial Accounts by a Primary Servicer or Subservicer for each Mortgage Loan that is serviced by that Primary Servicer or Subservicer.

• Subject to the foregoing, the course of action to be followed will be determined by the Primary Servicer or the Master Servicer, in accordance with Accepted Servicing Practices, to be the course of action most likely to produce the greatest recovery for the Trust.

• Each Primary Servicer will make reasonable efforts to collect all payments required under the terms and provisions of the Mortgage Documents.

• If an insurer, guarantor or other third-party provider of Mortgage Insurance is obligated, under the terms of the applicable program, to recognize or deal only with a specified Person (whether that Person is the Master Servicer, a Primary Servicer or another Person) regarding the mortgagee’s rights, benefits and obligations under the related insurance contract, the Primary Servicer will be responsible for assisting the applicable Person in dealing with the insurer on behalf of the Trust.

More Definitions of Primary Servicer

Primary Servicer means Principal Global Investors, LLC and its permitted successors and assigns.

Primary Servicer has retained outside legal counsel with experience reviewing and documenting the defeasance of commercial mortgage loans to review the Loan Document defeasance provisions and to document the defeasance of the Mortgage Loan in accordance therewith and (ii) the Primary Servicer has provided or will provide such legal counsel with the Loan Documents needed for such purposes. PRINCIPAL GLOBAL INVESTORS, LLC By: ____________________________________ Name: Title: Exhibit A to Appendix 1 APPENDIX 2 Assignment and Assumption Submission to Special Servicer PRESENT MORTGAGOR: PROPOSED MORTGAGOR: PRIMARY SERVICER #: SPECIAL SERVICER #: COLLATERAL TYPE: (Retail, Industrial, Apartments, Office, etc.) ADDRESS: Property Address City, State, zip code ASSET STATUS: As of (date)

Primary Servicer. As the context may require, (i) Prudential Asset Resources, Inc., or any successor thereto (as primary servicer) appointed as provided in the related Primary Servicing Agreement and/or (ii) Berkadia Commercial Mortgage LLC, or any successor thereto (as primary servicer) appointed as provided in the related Primary Servicing Agreement.

Primary Servicer. Principal Global Investors, LLC RE: Morgan Stanley Capital I Inc., Commercial Mortgage Pass-Through Certifixxxxx, Xxxxxx 2005-TOP18 Pursuant to the Primary Servicing Agreement between Wells Fargo Bank, National Association ("Wells Fargo Bank") and Principxx Xxobal Investors, LLC ("Primary Servicxx") for the transaction referenced above, I hereby certify with respect to each mortgage loan serviced by Primary Servicer for Wells Fargo Bank for such transaction that within 25 days after the end xx xach of the months of [January, February and March][April, May and June][July, August and September][October, November and December], any and all deposit accounts, escrow accounts and reserve accounts, and any and all other collection accounts and servicing accounts, related to such mortgage loan have been properly reconciled, and the reconciliations have been reviewed and approved, by Subservicer's management, except as otherwise noted below: EXCEPTIONS: ______________________________________________ __________________________ [Signature] Name: [INSERT NAME OF SERVICING OFFICER] Title: Servicing Officer, Principal Global Investors, LLC Date: [April, July, October, January] 25, [20__] APPENDIX 1 Items Required for Defeasance Submission to Master Servicer REQUEST FOR MASTER SERVICER CONSENT TO DEFEASANCE Primary Servicer shall submit to Master Servicer the following listed items to seek the consent of Master Servicer to a defeasance of a Mortgage Loan or an A/B Mortgage Loan that Primary Servicer is permitted to process under this Primary Servicing Agreement.

Primary Servicer shall have the meaning set forth in the introductory clause hereof.

Primary Servicer means, with respect to any Financed Student Loan, the entity responsible for the primary servicing of such Financed Student Loan on a day to day basis, it being understood that where a subservicer appointed in accordance with the terms of the Transfer and Servicing Agreement has responsibility for servicing a Financed Student Loan, such subservicer and not the Master Servicer shall be the Primary Servicer with respect such Financed Student Loan.

Primary Servicer. As defined in the preamble to this Agreement.