Examples of Special Servicer Decision in a sentence
With respect to any Performing Serviced Loan, the Master Servicer, without the consent or consultation of the Special Servicer, the Operating Advisor and/or the Directing Holder, shall process and determine whether to consent to or approve any request by the related Mortgagor with respect to any action that is not (1) a Major Decision, (2) a Special Servicer Decision or (3) an action with respect to which the Special Servicer’s consent is required pursuant to Section 3.09 of this Agreement.
With respect to any Performing Serviced Loan that is a PrinREI-Subserviced Loan, the Master Servicer shall process any modification, waiver, amendment, consent or other action that constitutes a Major Decision or Special Servicer Decision subject to the consent of the Special Servicer as set forth below.
With respect to such request, the Master Servicer shall continue to cooperate with the Special Servicer by delivering any additional information in the Master Servicer’s possession to the Special Servicer requested by the Special Servicer relating to such Special Servicer Decision or Major Decision.
Following such confirmation, the Primary Servicer will not permit or consent to any modification, extension, waiver, consent, defeasance, Major Decision, Special Servicer Decision or other action contemplated by Section 3.18 of the Pooling and Servicing Agreement without the prior written consent of the Master Servicer.
The Master Servicer shall not be permitted to process any Special Servicer Decision or Major Decision and shall not be required to interface with the Mortgagor or provide a written recommendation and analysis with respect to any Special Servicer Decision or Major Decision.