Servicing Shift Date definition
Servicing Shift Date. With respect to any Servicing Shift Loan Combination, the date on which the related Pari Passu Companion Loan evidenced by the Servicing Shift Lead Note is included in an Outside Securitization Trust, and which is also the date on which the pooling and servicing agreement or other comparable agreement governing the creation of such Outside Securitization Trust becomes the Outside Servicing Agreement for such Servicing Shift Loan Combination. For the avoidance of doubt, there is no Servicing Shift Loan Combination relating to the Trust and, therefore, all references in this Agreement to “Servicing Shift Date” shall be disregarded.
Servicing Shift Date. With respect to any Servicing Shift Whole Loan, the date on which the related Servicing Shift Control Note is included in a Non-Serviced Trust, provided that the holder of such Servicing Shift Control Note provides each of the parties to this Agreement (in each case only to the extent such party will not also be a party to the related Non-Serviced PSA) with notice in accordance with the terms of the related Intercreditor Agreement that such Servicing Shift Control Note is to be included in such Non-Serviced Trust which notice shall include contact information for the related Non-Serviced Master Servicer, Non-Serviced Special Servicer, Non-Serviced Certificate Administrator and Non-Serviced Trustee. Each of the respective dates on which each of the Servicing Shift Control Notes is included in a securitization trust is a Servicing Shift Date related to the Trust (subject to the proviso in the immediately preceding sentence).
Servicing Shift Date. With respect to a Servicing Shift Loan Combination, the date on which the related Lead Servicing Pari Passu Companion Loan is included in an Outside Securitization Trust, and which is also the date on which the pooling and servicing agreement or other comparable agreement governing the creation of such Outside Securitization Trust becomes the Outside Servicing Agreement for such Servicing Shift Loan Combination. With respect to the Atlanta and Anchorage Hotel Portfolio Mortgage Loan and the Atlanta and Anchorage Hotel Portfolio Loan Combination, the Atlanta and Anchorage Hotel Portfolio Controlling Pari Passu Companion Loan Securitization Date will constitute a Servicing Shift Date. With respect to the Urban Union - Amazon Mortgage Loan and the Urban Union - Amazon Loan Combination, the Urban Union - Amazon Pari Passu Companion Loan Securitization Date will constitute a Servicing Shift Date. With respect to the Broadway Portfolio Mortgage Loan and the Broadway Portfolio Loan Combination, the Broadway Portfolio Companion Loan Securitization Date will constitute a Servicing Shift Date.
Examples of Servicing Shift Date in a sentence
In addition to the foregoing, with respect to each Servicing Shift Whole Loan, after the related Servicing Shift Date the related Mortgage Loan shall be an Outside Serviced Mortgage Loan, and the rights, duties and obligations of the Trust and the parties to this Agreement shall be as set forth herein with respect to Outside Serviced Mortgage Loans.
More Definitions of Servicing Shift Date
Servicing Shift Date. With respect to a Servicing Shift Loan Combination or the ▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ Mortgage Loan, the date on which the related Controlling Pari Passu Companion Loan is included in an Outside Securitization Trust, and which is also the date on which the pooling and servicing agreement or other comparable agreement governing the creation of such Outside Securitization Trust becomes the Outside Servicing Agreement for such Servicing Shift Loan Combination. With respect to the Chelsea Multifamily Portfolio Mortgage Loan and the Chelsea Multifamily Portfolio Loan Combination, the Chelsea Multifamily Portfolio Controlling Pari Passu Companion Loan Securitization Date will constitute a Servicing Shift Date. With respect to the Westin Crystal City Mortgage Loan and the Westin Crystal City Loan Combination, the Westin Crystal City Companion Loan Securitization Date will constitute a Servicing Shift Date. With respect to the ▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ Mortgage Loan and the ▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ Loan Combination, the ▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ Controlling Pari Passu Companion Loan Securitization Date will constitute a Servicing Shift Date.
Servicing Shift Date. The meaning specified in the Servicing Agreement.
Servicing Shift Date. With respect to any Servicing Shift Loan, the date on which the related Servicing Shift Lead Interest is securitized and transferred to an entity formed in -24-