Subservicer Termination Event Clause Samples
Subservicer Termination Event. The occurrence of any events or conditions, and the passage of any cure periods and giving to and receipt by the Subservicer of any required notices, as a result of which the Servicer has the current right to terminate the Subservicer under the Subservicing Agreement.
Subservicer Termination Event. Borrower shall furnish the Lender notice of any Subservicer Termination Event within [***] Business Days following notice or knowledge thereof by a Responsible Officer. (r) [***].
Subservicer Termination Event. “Subservicer Termination Event,” wherever used herein, means any one of the following events:
Subservicer Termination Event. Each Borrower shall not waive any Subservicer Termination Event without Lender’s prior written consent.
Subservicer Termination Event. A Subservicer Termination Event shall have occurred if either (a) the Delinquency Rate for any month exceeds 20.00% or (b) Cumulative Realized Losses incurred from the Cut-off Date through the last day of the related Collection Period, expressed as a percentage of the Cut-off Date Balance as of any date exceeds 7.75%.
Subservicer Termination Event. Borrower shall furnish the