Scope Term Definitions Sample Clauses

Scope Term Definitions. Section 1.01 Scope This Agreement documents the terms and conditions under which BANA agrees to perform subservicing of the Mortgage Loans for the Client, and the terms and conditions under which Client agrees to pay BANA for such Services during the Term. Section 1.02 Term This Agreement shall commence on the related Sale Date with respect to each Mortgage Loan and continue in full force and effect until the earlier of (i) December 31, 2012 (the “Scheduled Expiration Date”), (ii) the final Servicing Transfer Date with respect to the last remaining Mortgage Loan subject to this Agreement, which shall be on or before the Scheduled Expiration Date, (iii) the date mutually agreed to by BANA and the Client and (iv) the date on which this Agreement is terminated in accordance with ARTICLE X hereof (such period, the “Term”). The last day of the Term is referred to herein as the “Expiration Date”. If the Expiration Date has not yet occurred sixty (60) days prior to the Scheduled Expiration Date, each of BANA and Client shall notify the other Party of any potential issues that may prevent the servicing of all Mortgage Loans to be transferred by BANA to Client on or prior to the Scheduled Expiration Date. In the event the servicing of any Mortgage Loan subject to this Agreement has not transferred from BANA to Client on or before dates specified in Section 3.03 and it is determined - 1 -
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Scope Term Definitions 
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Related to Scope Term Definitions

  • General Definitions 1. For the purposes of this Agreement, unless the context otherwise requires:

  • UCC Definitions Unless otherwise defined herein or the context otherwise requires, terms for which meanings are provided in the UCC are used in this Security Agreement, including its preamble and recitals, with such meanings.

  • Additional Definitions The following terms have the meanings given below:

  • 1Definitions In addition to the terms defined elsewhere in this Agreement, for all purposes of this Agreement, the following terms have the meanings set forth in this Section 1.1:

  • Tax Definitions The following terms, as used herein, have the following meanings:

  • 01 Definitions 1 SECTION 1.02

  • Specific Definitions The following terms used in this Agreement shall have the following meanings:

  • ARTICLE I DEFINITIONS 1 SECTION 1.01.

  • Special Definitions For purposes of this Article Fourth, the following definitions shall apply:

  • New Definitions The following definitions are hereby added to Section 1.1 of the Credit Agreement in the appropriate alphabetical order:

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