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Title: |
Pooling and Servicing Agreement |
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Entities: |
Bear Stearns Commercial Mortgage Securities Trust 2006-Pwr13; Bear Stearns Commercial Mortgage, Inc.; Freddie Mac; McGraw-Hill Companies Inc.; Merrill Lynch Mortgage Lending, Inc.; Prudential Financial, Inc.; Wachovia Bank, NA; Federal National Mortgage Association |
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Date: |
2006 |
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Size: |
Preview shows 6KB of 2239KB total |
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Price: |
$99 |
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ID: |
#2569455 |
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Start of Preview |
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BEAR STEARNS COMMERCIAL MORTGAGE SECURITIES INC.,
as Depositor,
PRUDENTIAL ASSET RESOURCES, INC.,
as a Master Servicer,
WELLS FARGO BANK, NATIONAL ASSOCIATION,
as a Master Servicer,
LNR PARTNERS, INC.,
as General Special Servicer,
WELLS FARGO BANK, NATIONAL ASSOCIATION,
as Certificate Administrator and as Tax Administrator,
and
LASALLE BANK NATIONAL ASSOCIATION,
as Trustee
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POOLING AND SERVICING AGREEMENT
Dated as of September 1, 2006
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$2,906,717,979
Aggregate Initial Certificate Principal Balance
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Commercial Mortgage Pass-Through Certificates
Series 2006-PWR13
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TABLE OF CONTENTS
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SECTION PAGE
------- ----
ARTICLE I
DEFINITIONS; GENERAL INTERPRETIVE PRINCIPLES;
CERTAIN CALCULATIONS IN RESPECT OF THE MORTGAGE POOL
SECTION 1.01. Defined Terms.......................................... 7
SECTION 1.02. General Interpretive Principles........................ 75
SECTION 1.03. Certain Calculations in Respect of the Mortgage Pool... 76
SECTION 1.04. Cross-Collateralized Mortgage Loans.................... 77
SECTION 1.05. Incorporation of Preliminary Statement................. 78
ARTICLE II
CONVEYANCE OF POOLED MORTGAGE LOANS; REPRESENTATIONS AND
WARRANTIES; ORIGINAL ISSUANCE OF REMIC I REGULAR INTERESTS, REMIC II
REGULAR INTERESTS, REMIC III COMPONENTS, REMIC I RESIDUAL INTEREST,
REMIC II RESIDUAL INTEREST, REMIC III RESIDUAL INTEREST AND CERTIFICATES
SECTION 2.01. Conveyance of Pooled Mortgage Loans.................... 79
SECTION 2.02. Acceptance of Mortgage Assets by Trustee............... 84
SECTION 2.03. Certain Repurchases and Substitutions of Pooled
Mortgage Loans by the Pooled Mortgage Loan Sellers.. 86
SECTION 2.04. Representations and Warranties of the Depositor........ 91
SECTION 2.05. Representations and Warranties of PAR as a Master
Servicer............................................ 92
SECTION 2.06. Representations and Warranties of WFB as a Master
Servicer............................................ 93
SECTION 2.07. Representations and Warranties of the General Special
Servicer............................................ 94
SECTION 2.08. Representations and Warranties of the Loan Specific
Special Servicers................................... 96
SECTION 2.09. Representations and Warranties of the Certificate
Administrator....................................... 97
SECTION 2.10. Representations and Warranties of the Tax
Administrator....................................... 98
SECTION 2.11. Representations, Warranties and Covenants of the
Trustee............................................. 99
SECTION 2.12. Creation of REMIC I; Issuance of the REMIC I Regular
Interests and the REMIC I Residual Interest; Certain
Matters Involving REMIC I........................... 100
SECTION 2.13. Conveyance of the REMIC I Regular Interests; Acceptance
of the REMIC I Regular Interests by Trustee......... 103
SECTION 2.14. Creation of REMIC II; Issuance of the REMIC II Regular
Interests and the REMIC II Residual Interest;
Certain Matters Involving REMIC II.................. 103
SECTION 2.15. Conveyance of the REMIC II Regular Interests;
Acceptance of the REMIC II Regular Interests by
Trustee............................................. 104
SECTION 2.16. Creation of REMIC III; Issuance of the REMIC III
Certificates, the REMIC III Components and the
REMIC III Residual Interest; Certain Matters
Involving REMIC III................................. 105
SECTION 2.17. Acceptance of Grantor Trusts; Issuance of the Class V
and Class R Certificates............................ 108
ARTICLE III
ADMINISTRATION AND SERVICING OF THE TRUST FUND
SECTION 3.01. General Provisions..................................... 109
SECTION 3.02. Collection of Mortgage Loan Payments................... 113
SECTION 3.03. Collection of Taxes, Assessments and Similar Items;
Servicing Accounts; Reserve Accounts................ 115
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