Special Servicer Event of Default definition

Special Servicer Event of Default wherever used herein, means any one of the following events:
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Special Servicer Event of Default. As defined in Section 7.01(b).
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Special Servicer Event of Default. Each of the occurrences or circumstances enumerated in Section 6.01(a) that occurs with respect to the Special Servicer.
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Examples of Special Servicer Event of Default in a sentence

  • Except as otherwise expressly provided in this Agreement, no remedy provided for by this Agreement shall be exclusive of any other remedy, and each and every remedy shall be cumulative and in addition to any other remedy and no delay or omission to exercise any right or remedy shall impair any such right or remedy or shall be deemed to be a waiver of any Master Servicer Event of Default or Special Servicer Event of Default, if applicable.

  • Except as otherwise expressly provided in this Agreement, no remedy provided for by this Agreement shall be exclusive of any other remedy, and each and every remedy shall be cumulative and in addition to any other remedy and no delay or omission to exercise any right or remedy shall impair any such right or remedy or shall be deemed to be a waiver of any Servicer Event of Default or Special Servicer Event of Default, if applicable.

  • Except as otherwise expressly provided in this Agreement, no remedy provided for by this Agreement shall be exclusive of any other remedy, and each and every remedy shall be cumulative and in addition to any other remedy, and no delay or omission to exercise any right or remedy shall impair any such right or remedy or shall be deemed to be a waiver of any Servicer Event of Default or Special Servicer Event of Default, if applicable.

  • If there is a Special Servicer Event of Default, the Special Servicer shall be removed and replaced pursuant to Sections 7.01(c) and 7.02.

  • Upon any such waiver of a past default, such default shall cease to exist and any Servicer Event of Default, Special Servicer Event of Default or Servicing Advisor Event of Default arising therefrom shall be deemed to have been remedied for every purpose of this Agreement.

  • Except as otherwise expressly provided in this Agreement, no remedy provided for by this Agreement shall be exclusive of any other remedy, and each and every remedy shall be cumulative and in addition to any other remedy, and no delay or omission to exercise any right or remedy shall impair any such right or remedy or 179 shall be deemed to be a waiver of any Servicer Event of Default or Special Servicer Event of Default, if applicable.

  • The Servicer, the Special Servicer or the Servicing Advisor, as appropriate, shall promptly notify the Successor Servicer, the Certificateholders, the Certificateholder Agent, the others of the Servicer, the Special Servicer, and the Servicing Advisor, the Depositor, the Rating Agency and the Trustee of any Servicer Event of Default, Special Servicer Event of Default or Servicing Advisor Event of Default upon actual knowledge thereof by a Servicing Officer.

  • Except as otherwise expressly provided in this Agreement, no remedy provided for by this Agreement shall be exclusive of any other remedy, and each and every remedy shall be cumulative and in addition to any other remedy and no delay or omission to exercise any right or remedy shall impair any such right or remedy or shall be deemed to be a waiver of any Servicer Event of Default, Termination Event or Special Servicer Event of Default, if applicable.

Related to Special Servicer Event of Default

  • Master Servicer Event of Default wherever used herein, means any one of the following events:

  • Servicer Event of Default wherever used herein, means any one of the following events:

  • Mortgage Loan Event of Default means an “Event of Default” as defined in the Mortgage Loan Agreement.

  • Collateral Event of Default has the meaning set forth in Section 13.01(b).

  • Issuer Event of Default means the occurrence of any of the following events:

  • Master Servicer Event of Termination As defined in Section 7.01 hereof.

  • Owner Event of Default has the meaning specified in Section 16.2.

  • Lease Event of Default shall have the meaning specified in Section 17.1 of the Lease.

  • Loan Event of Default An “Event of Default” as defined in the Loan Agreement.

  • Servicer Event of Termination One or more of the events described in Section 7.01.

  • Bond Event of Default means the occurrence of any of the following (or such event or condition which with notice or lapse of time or both would constitute any of the following):

  • Insurance Agreement Event of Default means an "Event of Default" as defined in the Insurance Agreement.

  • Declaration Event of Default means an “Event of Default” as defined in the Declaration.

  • Servicer Default means an event specified in Section 8.01.

  • Senior Event of Default means an Event of Default under (and as defined in) the Senior Facilities Agreement.

  • Acceleration Event of Default means an Event of Default under Section 5.1(a), (d), (e) or (f), whatever the reason for such Acceleration Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body.

  • Guarantor Event of Default means the occurrence of any “Event of Default” under and as defined in the Performance Guaranty.

  • PTC Event of Default means, with respect to each Trust Agreement, the failure to pay within 10 Business Days after the due date thereof: (i) the outstanding Pool Balance of the applicable Class of Certificates on the Final Legal Distribution Date for such Class or (ii) interest due on such Certificates on any Distribution Date (unless the Subordination Agent shall have made an Interest Drawing or a withdrawal from the Cash Collateral Account relating to a Liquidity Facility for such Class, with respect thereto in an aggregate amount sufficient to pay such interest and shall have distributed such amount to the Trustee entitled thereto).

  • Event of Default Under the Trust Indenture With respect to any MBS, any “Event of Default” under the Trust Indenture pursuant to which such MBS was issued. Xxxxxx Xxx: Federal National Mortgage Association, a body corporate organized and existing under the laws of the United States, or its successor in interest or any successor appointed as herein provided. Unless the context requires otherwise, the term “Xxxxxx Mae” shall be deemed to refer to the Federal National Mortgage Association acting in its corporate capacity and not in its capacity as Trustee hereunder.

  • Note Event of Default means any “Event of Default” specified in Section 5.1 of the Indenture.

  • Servicing Default The meaning assigned in Section 6.01 of the Servicing Agreement.

  • Indenture Event of Default means an "Event of Default" as defined in the Indenture.

  • Guarantee Event of Default means a default by the Guarantor on any of its payment or other obligations under this Guarantee.

  • Specified Event of Default means any Event of Default under Section 8.01(a), (f) or (g).

  • Liquidity Event of Default with respect to any Liquidity Facility, has the meaning assigned to such term in such Liquidity Facility.