Special Servicing Period definition

Special Servicing Period. Any Interest Accrual Period during which a Mortgage Loan is at any time a Specially Serviced Mortgage Loan.
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Special Servicing Period means any period of time during which any of the Notes constitute Specially Serviced Notes (as such term is defined in the Servicing Agreement).
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Special Servicing Period has the meaning set forth in the Trust Agreement.
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Examples of Special Servicing Period in a sentence

  • The Servicer will be entitled to rely on information supplied by the Borrowers or the Manager in any case without independent verification (and during a Special Servicing Period, to the extent consistent with the Servicing Standard).

  • From and after the second (2nd) anniversary of the Initial Closing Date the Asset Entities may dispose of Tower Sites at any time; provided that (i) during a Special Servicing Period, no Tower Site dispositions may be made without the Servicer’s consent and (ii) if, after giving effect to any proposed disposition of a Tower Site, the Tenant Quality Tests would not be satisfied, the Issuer shall have delivered to the Indenture Trustee a Rating Agency Confirmation with respect thereto.

  • Chrétien, Société Française d'Histoire d'Outre-Mer, Paris, 1984; Greef de G., 1919: “Monographie agricole de la région de l'Urundi”, in Bulletin Agricole du Congo Belge, Vol.

  • We are only responsible for preparation work as per our proposal.

  • The Asset Entities may dispose of Tower Sites at any time; provided that (i) during a Special Servicing Period, no Tower Site dispositions may be made without the Servicer’s consent and (ii) if, after giving effect to any proposed disposition of a Tower Site, the Tenant Quality Tests would not be satisfied, the Issuer shall have delivered to the Indenture Trustee a Rating Agency Confirmation with respect thereto.

  • At any time during a Special Servicing Period, no Tower Site dispositions may be made without the Servicer’s consent.


More Definitions of Special Servicing Period

Special Servicing Period means any period of time during which any of the Notes constitute Specially Serviced Notes.
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Special Servicing Period means any period (i) during an Event of Default, (ii) following a Casualty where the cost of Restoration exceeds the Restoration Threshold, beginning 30 days after such Casualty, but only to the extent that material property damage not covered by insurance remains unrestored, (iii) any failure timely to pay Taxes or Insurance Premiums (or, if deposits for Tax and Insurance Funds are then required hereunder, to pay such deposits), (iv) if at any time Underwritable Cash Flow for the trailing 12-month period is below $870,000, (v) if at any time beginning September 30, 2024 or later, the Debt Yield for the trailing 12-month period is below 7.25%, or if a Franchise Agreement Trigger Period is continuing.
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Special Servicing Period. Any Interest Accrual Period during which any of the following have occurred:
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Related to Special Servicing Period

  • Special Servicing Fee shall have the meaning given to such term in the Servicing Agreement.

  • Special Servicing Fees shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in the Servicing Agreement.

  • Primary Servicing Fee means, with respect to each Mortgage Loan and REO Mortgage Loan, the fee payable to the Primary Servicer pursuant to Section 3.01(c)(20) of this Agreement.

  • Interim Servicing Agreement The agreement to be entered into by the Purchaser and the Interim Servicer, providing for the Interim Servicer to service the Mortgage Loans as specified by the Interim Servicing Agreement.

  • Master Servicing Agreement means the master servicing agreement entered into on 20 May 2013 between the Guarantor, the Issuer and the Master Servicer.

  • Note A-1 Special Servicer means the special servicer under the Note A-1 PSA.

  • Investor Servicing Fee means, with respect to any Distribution Date, an amount equal to the product of the Investor Servicing Fee Percentage and the Series Investor Interest on the first day of the Due Period related to such Distribution Date (or in the case of the first Distribution Date for the Series established hereby, the Series Initial Investor Interest).

  • Master Servicer Remittance Date With respect to any Distribution Date, the Business Day immediately preceding such Distribution Date.

  • Note A-2 Special Servicer means the special servicer under the Note A-2 PSA.

  • Note A-3 Special Servicer means the special servicer under the Note A-3 PSA.