Applicable Depositor definition
Examples of Applicable Depositor in a sentence
Primary Servicer agrees to give prompt written notice to the Master Servicer and the Depositor (and any other Applicable Depositor) upon the occurrence of any Primary Servicer Default.
The Primary Servicer shall be entitled to rely on any such determination that is made by the Master Servicer or the Applicable Depositor.
In the event that the Primary Servicer initiates legal proceedings asserting an interpretation that differs from any such determination of the Master Servicer or the Applicable Depositor, then the Primary Servicer shall comply with such determination of the Master Servicer or the Applicable Depositor unless and until a final, nonappealable judgment is rendered in connection with such proceedings, in which case such final, nonappealable judgment shall control.
If the Primary Servicer receives notice of interpretations hereunder from the Master Servicer and the Applicable Depositor that conflict with each other, the Primary Servicer shall promptly notify the Master Servicer and the Applicable Depositor, in which case the Primary Servicer shall comply with the interpretation described in the applicable notice from the Master Servicer.
The Primary Servicer shall cooperate with the Master Servicer, the Certificate Administrator, the Depositor and any other Applicable Depositor in connection with the satisfaction of the Trust's (or another ABS Issuing Entity's) reporting requirements under the Exchange Act.
In any event, the initial interpretations set forth on Exhibit G hereto shall be binding on the Subservicer except to the extent otherwise set forth in a notice regarding interpretation delivered to the Subservicer by the Mater Servicer or the Applicable Depositor pursuant to the foregoing provisions of this subsection (i).
If the Subservicer receives notice of interpretations hereunder from the Capmark Master Servicer and the Applicable Depositor that conflict with each other, the Subservicer shall promptly notify the Capmark Master Servicer and the Applicable Depositor, in which case the Subservicer shall comply with the interpretation described in the applicable notice from the Capmark Master Servicer.
The Subservicer shall be entitled to rely on any such determination that is made by the Master Servicer or the Applicable Depositor.
The Subservicer agrees to give prompt written notice to the Master Servicer and the Depositor (and any other Applicable Depositor) upon the occurrence of any Subservicer Default.
In the event that the Subservicer initiates legal proceedings asserting an interpretation that differs from any such determination of the Capmark Master Servicer or the Applicable Depositor, then the Subservicer shall comply with such determination of the Capmark Master Servicer or the Applicable Depositor unless and until a final, nonappealable judgment is rendered in connection with such proceedings, in which case such final, nonappealable judgment shall control.