Back-Up Servicer definition

Back-Up Servicer means Xxxxx Fargo Bank, National Association and its permitted successors and assigns, as provided in the Indenture.

Back-Up Servicer has the meaning specified in the Servicing Agreement.

Back-Up Servicer means, initially, Xxxxx Fargo Bank, National Association, and at any other time, the Person then acting as “Back-up Servicer” pursuant to and in accordance with the Back-up Servicing Agreement.

Examples of Back-Up Servicer in a sentence

• Any determination permitting the resignation of the Servicer shall be evidenced by an Opinion of Counsel to such effect delivered to the Owner Trustee, the Back-up Servicer and the Indenture Trustee.

• Not later than the Monthly Determination Date relating to each Payment Date, but in no event later than the second Business Day preceding each Payment Date, the Servicer shall deliver to the Issuer, each Rating Agency, the Back-up Servicer, the Owner Trustee and the Indenture Trustee the Monthly Servicer Report, in substantially the form set forth in the Indenture.

• Each of the Back-up Servicer, the Indenture Trustee and the Owner Trustee are third-party beneficiaries to this Agreement and is entitled to the rights and benefits hereunder and may enforce the provisions hereof as if it were a party hereto.

• Upon the resignation or termination of the Servicer in accordance with this Agreement, control of the Contracts in the Electronic Vault shall be transferred to the Back-up Servicer to the extent it becomes the successor servicer in accordance with this Agreement, or another successor servicer.

More Definitions of Back-Up Servicer

Back-Up Servicer means Systems & Services Technologies, Inc., together with its permitted successors and assigns, in such capacity.

Back-Up Servicer means JPMorgan Chase Bank, in its capacity as Back-up Servicer pursuant to the terms of the Sale and Servicing Agreement or such Person as shall have been appointed Back-up Servicer pursuant to Section 9.2(c) of the Sale and Servicing Agreement.

Back-Up Servicer means a Person appointed as Back-Up Servicer pursuant to Section 21.2(c), having experience in servicing assets similar in type to the Receivables and who shall be reasonably acceptable to the Company, the Administrative Agent and each Funding Agent.

Back-Up Servicer means Xxxxx Fargo Bank, National Association, a national banking association, in its capacity as Back-Up Servicer under the Servicing Agreement, and/or any other Person or entity performing similar services for the Borrower which has been approved pursuant to the terms of the Servicing Agreement.

Back-Up Servicer means Banca Finanziaria Internazionale S.p.A. or any other entity which may be appointed by the Guarantor, with the approval by the Representative of the Covered Bondholders, pursuant to Clause 7 (Back-Up Servicer) of the Servicing Agreement.

Back-Up Servicer shall initially mean Norwest Bank Minnesota, National Association.

Back-Up Servicer. JPMorgan Chase Bank, a New York banking corporation, its successors and assigns.