Back-Up Servicer definition

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

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

Back-Up Servicer means, initially, ▇▇▇▇▇ 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

Upon the occurrence of a Collection Rating Trigger Event, the Purchaser shall be entitled to appoint any Stand-By Servicer(s) for the preparation and putting in place of any back-up servicer procedures so that in case the Purchaser appoints the Stand-By Servicer as Back-Up Servicer, the latter will be in a position to perform its duties immediately.
If a Seller no longer acts as collection agent in respect of any Sold Receivable, the Parties agree that the relevant Back-Up Servicer shall transfer to each relevant Purchaser's Collection Account the Actual Collections made in relation to the Sold Receivables purchased from such Seller.
In the event of the termination of the Collection Mandate, in accordance with the provisions of Article 19.3, the Purchaser or, as the case may be, the Back-Up Servicers shall draw up a Back-Up Servicer Report on each Information Date.

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 such successor Person.

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 means ▇▇▇▇▇ 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 in writing by the Administrative Agent.

Back-Up Servicer means [***] or any entity designated as a “Back up Servicer” by the Borrower on Schedule 1.01(a), as such schedule may be updated from time to time accordance with Section 2.05(e) (provided that such additional “Back-Up Servicer” must be reasonably acceptable to the Administrative Agent), and any such Person’s successors and assigns as Back-Up Servicer under each applicable Back-Up Servicing Agreement.