Special Servicing Agreement definition

Special Servicing Agreement. As defined in Section 3.08.

Special Servicing Agreement means one of the Special Servicing Agreements with respect to the 2006 Series A Bonds, as described in the 2006 Series A Supplemental Resolution.

Special Servicing Agreement. The Letter Agreement, dated July 30, 2004, among the Servicer, the Special Servicer and the Master Servicer.

Examples of Special Servicing Agreement in a sentence

• Any rights of the Corporation set forth in (1)-(5) above may be exercised by, (i) to the extent permitted by law, a subsidiary of the Corporation established pursuant to Section 654-a of the Act and (ii) with respect to the 2006 Series A Purchased Mortgage Loan backing the 2006 Series A Mortgage Loan only, another entity in accordance with the provisions of the Special Servicing Agreement.

• Approval by the Fund’s Board, including a majority of the Independent Trustees, in accordance with conditions 1 through 4 above, will be required at least annually after the Fund’s entering into a Special Servicing Agreement and prior to any material amendment to a Special Servicing Agreement.

• GSSDS”) acts as the Administrator for each Issuer (the “Administrator”) under an Administration Agreement (collectively, the “Administration Agreements”).5 The Administrator performs certain duties under 4 A true and correct copy of the Special Servicing Agreement is attached as Exhibit 3.

• Under the Special Servicing Agreement, the Special Servicer provides certain services for Loans that are more than 30 days delinquent.

• Entitlement to medical aids under the Dutch Health Insurance Regulations (‘Regeling zorgverzekering’)is partly specified in concrete and restrictive terms and for a large part based on the functional purpose of the medical aid in question.

More Definitions of Special Servicing Agreement

Special Servicing Agreement. The Special Servicing Agreement between --------------------------- the Seller and the Special Servicer dated as of March 1, 1998, attached as part of Exhibit E hereto.

Special Servicing Agreement. An agreement among the Special Servicer, the Majority Class X Certificateholder and the Trustee pursuant to which the Special Servicer shall (a) agree to service and administer certain 60+ Day Delinquent Mortgage Loans pursuant to Section 3.29 and (b) make certain representations and warranties regarding the Special Servicer, (ii) agree to be bound by all of the servicing-related provisions of this Agreement so as to make them applicable to the Special Servicer as if the Special Servicer were a party hereto, and (iii) be acceptable to the Rating Agencies. The Servicer shall have the right to review such agreement to assure that it contains or incorporates by reference the indemnification provision described in the third to last sentence of Section 3.29. Such Special Servicing Agreement, if executed by the Trustee, shall contain a provision stating that it is being executed by the Trustee solely in its capacity as trustee of the Trust and that the Trustee shall have no obligation or liability with respect to such agreement. Specified Overcollateralized Amount: Prior to the Stepdown Date, an amount equal to 1.70% of the Cut-off Date Pool Principal Balance. On and after the Stepdown Date, an amount equal to 3.40% of the aggregate Stated Principal Balance of the Mortgage Loans for such Distribution Date, subject, until the Class Certificate Balance of each Class of LIBOR Certificates has been reduced to zero, to a minimum amount equal to the Overcollateralization Floor; provided, however, that if, on any Distribution Date, a Trigger Event exists, the Specified Overcollateralized Amount shall not be reduced to the applicable percentage of the then current aggregate Stated Principal Balance of the Mortgage Loans but will instead remain the same as the prior period's Specified Overcollateralized Amount until the Distribution Date on which a Trigger Event is no longer in effect. When the Class Certificate Balance of each Class of LIBOR Certificates has been reduced to zero, the Specified Overcollateralized Amount will thereafter equal zero. Sponsor: Goldman Sachs Mortgage Company, a New York limited partnership, and its xxxxxxsors in interest, as purchaser of the Mortgage Loans under the Purchase Agreements.

Special Servicing Agreement means the Special Servicing Agreement, dated as of July , 2010, between FMER, FMC, the Trust and, solely for purposes of Sections 2(B)(v), 2(B)(vi), 5, 7, 18(A) and 18(G) only, SunTrust.

Special Servicing Agreement means the special servicing agreement between the Issuer, the Master Servicer, the Special Servicer and the Asset Manager entered into on or about the Issue Date, as from time to time modified in accordance with the provisions therein contained and including any agreement or other document expressed to be supplemental thereto.

Special Servicing Agreement. The Special Servicing Agreement, dated the Closing Date, among the Master Servicer, the Trustee and the Special Servicer regarding the servicing of the Specially Serviced Mortgage Loans by the Special Servicer, substantially in the form attached hereto as Exhibit K.

Special Servicing Agreement. The special servicing and collateral fund agreement substantially in the form of Exhibit H hereto entered into by the Master Servicer in accordance with Section 3.26.

Special Servicing Agreement. The written contract between the Servicer and any Special Servicer relating to the special servicing and/or administration of certain Home Equity Loans as permitted by Section 4.03.