Applicable Servicer definition

Applicable Servicer and similar terms shall mean the Servicer only with respect to the Mortgage Loans and Prepayment Charges on the applicable part of Schedule 1 and Schedule 2 attached hereto.

Applicable Servicer means the Facility Servicer or the Portfolio Asset Servicer, as the context may require.

Applicable Servicer means the Calculation Agent or the Portfolio Asset Servicer, as the context may require.

Examples of Applicable Servicer in a sentence

• Applicable; Servicer maintains ESP deposit accounts in accordance with CPUC rules and regulations.

• It has full power, authority and legal right to execute, deliver and perform its obligations as the Applicable Servicer under this Agreement and the other Transaction Documents to which it is a party.

• The Applicable Servicer has complied in all material respects with the Servicing Standard with regard to the servicing of the Portfolio Assets.

• Each Applicable Servicer will comply in all material respects with all Applicable Law.

• The execution and delivery of this Agreement and the other Transaction Documents, the performance of the transactions contemplated hereby and thereby and the fulfillment of the terms hereof and thereof will not conflict with or violate, in any material respect, any Applicable Law if compliance therewith is necessary (i) to ensure the enforceability of any Portfolio Asset or (ii) for the Applicable Servicer to perform its obligations under this Agreement in accordance with the terms hereof.

More Definitions of Applicable Servicer

Applicable Servicer means, with respect to any Pool Receivable, the Person from time to time designated as the Servicer thereof pursuant to Section 4.1(a).

Applicable Servicer and similar terms shall mean the Servicer only with respect to the Mortgage Loans serviced by it.

Applicable Servicer means the Facility Servicer or the Portfolio Asset Servicer, as the context may require. “Applicable Spread” means 2.025% plus a credit spread adjustment of 0.11%.

Applicable Servicer. (i) From the Closing Date to, but not including, the Interim Servicing Transfer Date, the Interim Servicer, in its capacity as the servicer hereunder and (ii) on and after the Interim Servicing Transfer Date, (a) the Servicer, in its capacity as the servicer hereunder, if the Servicer Qualification Date has occurred on or before February 1, 2008 or (b) Xxxxx Fargo Bank, N.A., in its capacity as the servicer, if the Servicer Qualification Date has not occurred on or before February 1, 2008. In each case, Applicable Servicer shall also mean any successor servicer appointed as herein provided, in its capacity as the Applicable Servicer hereunder.

Applicable Servicer each Servicer" or "such Servicer", a mortgage loan servicing institution to which the Servicer has assigned servicing duties with respect to any Mortgage Loan under a Selling and Servicing Contract; provided, however, the Servicer may designate itself or one or more other mortgage loan servicing institutions as Servicer upon termination of an initial Servicer's servicing duties.

Applicable Servicer has the meaning set forth in Section 2.4 hereof.

Applicable Servicer means any Servicer as defined under the Senior Facility.