Servicer Termination Event definition

Servicer Termination Event shall have the meaning assigned to such term in the Lead Securitization Servicing Agreement or at any time that the Mortgage Loan is no longer subject to the provisions of the Lead Securitization Servicing Agreement, any analogous concept under the servicing agreement pursuant to which the Mortgage Loan is being serviced in accordance with the terms of this Agreement.
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Servicer Termination Event wherever used herein, means any one of the following events:
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Servicer Termination Event means an event specified in Section 9.1.
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Examples of Servicer Termination Event in a sentence

  • The Servicer will furnish to the Administrative Agent, the Backup Servicer and each Hedge Counterparty, within one Business Day after a Responsible Officer of the Servicer has actual knowledge thereof, notice of the occurrence of an Unmatured Termination Event, a Termination Event, an Unmatured Servicer Termination Event or a Servicer Termination Event.

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

  • Upon the occurrence of such a Servicer Termination Event with respect to the Master Servicer that affects a Non-Lead Securitization Note Holder, and the Master Servicer is not otherwise terminated pursuant to the Lead Securitization Servicing Agreement, the Trustee or the Master Servicer shall, upon the direction of the affected Non-Lead Securitization Note Holder, require the appointment of a subservicer with respect to the Mortgage Loan.

  • No Agent shall be deemed to have knowledge of any Termination Event, Servicer Termination Event, Step-up Event , Stop-Funding Event, or Early Amortization Event unless it has received written notice thereof from the Borrower, the Servicer or a Secured Party.

  • The Master Servicer may, at its sole option, terminate any rights the Primary Servicer may have hereunder with respect to any or all of the Mortgage Loans or the Serviced Companion Loans, as provided in Section 4.01 of this Agreement upon the occurrence of an Primary Servicer Termination Event.


More Definitions of Servicer Termination Event

Servicer Termination Event. As defined in Section 7.01 of this Agreement.
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Servicer Termination Event has the meaning set forth in Section 8.01 of the Sale and Servicing Agreement.
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Servicer Termination Event shall have the meaning assigned to such term in the Lead Securitization Servicing Agreement.
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Servicer Termination Event. As defined in Section 8.20(a) hereof.
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Servicer Termination Event. (a) Any failure by the Servicer to deliver to the Trust Collateral Agent for distribution to Noteholders any proceeds or payment required to be so delivered under the terms of this Agreement that continues unremedied for a period of two Business Days (one Business Day with respect to payment of Purchase Amounts) after written notice is received by the Servicer from the Trust Collateral Agent or after discovery of such failure by a Responsible Officer of the Servicer; or
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Servicer Termination Event has the meaning set forth in Section 8.28(a).
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Servicer Termination Event has the meaning given to it in Section 17.1 of the Servicing Agreement;
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