Agency Servicing Rights definition

Agency Servicing Rights means Servicing Rights of Borrower with respect to Mortgage Loans that are subject to an Agency MBS or are owned by or administered by an Agency.

Agency Servicing Rights means, with respect to each Mortgage Loan, all of the Borrower’s right, title and interest in, to and under the related Servicing Contracts, whether now or hereafter existing, acquired or created, whether or not yet accrued, earned, due or payable, as well as all other present and future right and interest under such Servicing Contracts.

Agency Servicing Rights means all Servicing Rights with respect to the Agencies.

Examples of Agency Servicing Rights in a sentence

• For the avoidance of doubt, Borrower shall list Agency Servicing Rights that are Pledged to Lender on Schedule 4.1(a)(2).

• Pledged Agency Servicing Rights under Servicing Agreements with any Agency will have a Market Value of zero for purposes of determining Collateral Value until the date on which an Acknowledgment Agreement covering such Pledged Agency Servicing Rights has been executed and delivered by the applicable Borrower, the Lender and such Agency.

• Notwithstanding any other provision hereof to the contrary, Buyer may elect, but shall not be obligated, to treat Agency Servicing Rights and the related Participation Certificates as having zero Asset Value until the date on which an Acknowledgment Agreement covering such has been executed and delivered by the Seller, Buyer and Xxxxxx Xxx, Xxxxxxx Mac, Xxxxxx Xxx or such other investor or guarantor, as applicable.

• Borrower shall not permit any Agency Servicing Rights, other than the Agency Servicing Rights set forth on Schedule 4.1(a)(1) and delivered by Borrower to Lender as of the Closing Date, to become Excluded Collateral.

• Pledged Agency Servicing Rights under Servicing Agreements with any Agency will have a Market Value of zero for purposes of determining Collateral Value (a) upon the earlier of (i) the termination or (ii) expiration of the Acknowledgment Agreement covering such Pledged Agency Servicing Rights and (b) until a replacement Acknowledgment Agreement covering such Pledged Agency Servicing Rights has been executed and delivered by the Borrower, the Lender and an Agency.

• Upon the creation of any Agency Servicing Rights relevant to FHLMC on or after the Agreement Date, Agent will have a valid, enforceable, perfected, first priority Lien and security interest in such Agency Servicing Rights, subject only to the rights of FHLMC under the applicable Agency Servicing Agreements (including the FHLMC Guide).

• Other than the related Agency’s Interest, Borrower shall not pledge, grant a security interest or assign any existing or future rights to service any of the Collateral or to be compensated for servicing any of the Collateral, or pledge or grant to any other Person any security interest in any Agency Servicing Rights at any time Pledged to the Lender, any Pledged Servicing Receivables Agreement, or any Servicing Receivables under any Pledged Servicing Receivables Agreement.

• Notwithstanding any other provision hereof to the contrary, Administrative Agent may elect, but shall not be obligated, to treat Agency Servicing Rights and the related Participation Certificates as having zero Asset Value until the date on which an Acknowledgment Agreement covering such has been executed and delivered by the Seller, Administrative Agent, for the benefit of Buyers, and Xxxxxx Xxx or such other investor or guarantor, as applicable.

• Notwithstanding any other provision hereof to the contrary, Lender may elect, but shall not be obligated, to treat Agency Servicing Rights and the related Participation Certificates as having zero Collateral Value until the date on which an Acknowledgment Agreement covering such has been executed and delivered by the Borrower, Lender and Xxxxxx Xxx, Xxxxxxx Mac, Xxxxxx Xxx or such other investor or guarantor, as applicable.

• Notwithstanding any other provision hereof to the contrary, Lender may elect, but shall not be obligated, to treat Agency Servicing Rights as having zero Collateral Value until the date on which an Acknowledgment Agreement covering such has been executed and delivered by the Borrower, Lender and Xxxxxx Xxx, Xxxxxxx Mac, Xxxxxx Xxx or such other investor, as applicable.

More Definitions of Agency Servicing Rights

Agency Servicing Rights means all Servicing Rights with respect to Mortgage Loans owned by any Agency.

Agency Servicing Rights means all of Borrower's right, title and interest in and under the Agency Servicing Agreements, including, without limitation, the rights of Borrower to income and reimbursement thereunder. AGENT means, at any time, Bank One, Texas, N.A. -- or its successor appointed under SECTION 9 -- acting as agent for Lenders under the Loan Documents. References to Agent in respect of Swing Advances mean that institution in its individual capacity. Agent is the representative of Lenders within the meaning of (S)9.105(a)(13) of the UCC for purposes of the Loan Documents and the UCC.

Agency Servicing Rights means all of Borrower's right, title and interest in and under the Agency Servicing Agreements, including, without limitation, the rights of Borrower to income and reimbursement thereunder. Agent means, at any time, U.S. Bank National Association, or its successor appointed under Section 9, acting as agent for Lenders under the Loan Documents. References to Agent in respect of Swing Advances mean that institution in its individual capacity. Agent is the representative of Lenders within the meaning of (S)9.105(a)(13) of the UCC for purposes of the Loan Documents and the UCC.

Agency Servicing Rights means all of Xxxxxxxx’s rights and interests under any Servicing Agreement with any Agency, including the rights to (a) service the Serviced Loans that are the subject matter of such Servicing Agreement and (b) be compensated, directly or indirectly, for doing so. With respect to Mortgage Loans owned or securitized by Freddie Mac, “Agency Servicing Rights” means the indivisible, conditional, non-delegable right and obligation of the Borrower to perform servicing of the Covered Mortgages for Freddie Mac in accordance with, subject to, and under the Freddie Mac Guide and the Purchase Documents (as defined in the Xxxxxxx Mac Guide).

Agency Servicing Rights means the indivisible, conditional, non-delegable right and obligation of the Borrower to perform servicing of the Covered Mortgages for Freddie Mac in accordance with, subject to, and under the Freddie Mac Guide and the Purchase Documents (as defined in the Xxxxxxx Mac Guide).

Agency Servicing Rights means all of the Borrower's right, title and interest in and under the Agency Servicing Agreements, including, without limitation, the rights of the Borrower to income and reimbursement thereunder including without limitation the rights to any Excess Servicing Receivable.