Servicer Rating Sample Clauses
Servicer Rating. The Borrower shall furnish the Lender notice of any decrease in any servicer rating of the Borrower by any rating agency to a level that is two levels or more below the level of such servicer rating as of the Closing Date;
Servicer Rating. If Lender shall receive a notice pursuant to Section 7.03(g) hereof, Lender shall have the right in its discretion to require that Borrower enter into an amendment to this Agreement to require that Borrower maintain such thresholds with the Applicable Agencies as Lender may require at such time.
Servicer Rating. Within two (2) Business Days of receipt of notice of any decrease in any servicer rating of a Borrower or Subservicer by any Agency or any rating agency to a level below a below ▇▇▇▇▇’▇ rating of “SQ3” or S&P’s rating of “Average”.
Servicer Rating. Borrower shall provide written notice to the Lender within two (2) Business Days of receipt of notice of any decrease in any servicer rating of the Servicer below (i) “SQ3”, as rated by ▇▇▇▇▇’▇ or (ii) “Average”, as rated by S&P.
Servicer Rating. Promptly, but in any event within five (5) Business Days, the Borrower shall furnish the Lender after the Borrower obtains Knowledge thereof, notice of any decrease in any servicer rating of the Borrower by any Agency to a level below the immediately preceding level; provided, however, that the failure by the Borrower to provide the notice required pursuant to this Section 9.08 with respect solely to any notice received from the Owner as described above, shall not be deemed to be a breach of this Section 9.08 (or otherwise result in a Default or an Event of Default).
Servicer Rating. Promptly, but in any event within ten (10) Business Days after any Responsible Officer has Knowledge thereof, the Borrower shall furnish the Lender notice of any decrease in any servicer rating of the Borrower or subservicer by any Agency or any rating agency to a level below the immediately preceding level or the imposition of a new servicer threshold by any rating agency or any applicable Agency.
Servicer Rating. The Seller shall provide written notice to the Buyer within two (2) Business Days of receipt of notice of any decrease in any servicer rating of the Servicer below (i) “SQ3”, as rated by ▇▇▇▇▇’▇ or (ii) “Average”, as rated by S&P.
Servicer Rating. Seller shall maintain a minimum rating as Servicer of loans of Below Average with respect to Standard & Poor’s and RPS2- with respect to Fitch (each a “Minimum Servicer Rating”).