Servicing Function Participant Sample Clauses
Servicing Function Participant. Any Subservicer or Subcontractor, other than each Servicer, the Master Servicer, the Securities Administrator or the Trustee, that is participating in the servicing function within the meaning of Regulation AB, unless such Person’s activities relate only to 5% or less of the Mortgage Loans.
Servicing Function Participant. Any Subservicer or Subcontractor of any Servicer, the Master Servicer, the Custodian or the Securities Administrator, respectively.
Servicing Function Participant. The Trust Administrator or any sub-servicer or subcontractor (other than the Trustee) engaged by the Trust Administrator, that is performing activities addressed by the Servicing Criteria, unless such sub-servicer’s or subcontractor’s activities relate only to 5% or less of the Mortgage Loans (measured by aggregate Stated Principal Balance of the Mortgage Loans, annually at the commencement of the calendar year prior to the year in which an Assessment of Compliance is required to be delivered, multiplied by a fraction, the numerator of which is the number of months during which such Servicing Function Participant Services the related Mortgage Loans and the denominator of which is 12, or, in the case of the year in which the Closing Date occurs, the number of months elapsed from the Cut-Off Date to the end of such calendar year).
Servicing Function Participant. The provisions of this paragraph shall not limit whatever rights the Manager may have under other provisions of this Agency Agreement and/or any other applicable Transaction Document or otherwise, whether in equity or at law, such as an action for damages, specific performance or injunctive relief.