Backup Servicer Appointment Date definition

Backup Servicer Appointment Date means the date that an entity agrees to become Backup Servicer.
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Examples of Backup Servicer Appointment Date in a sentence

  • Commencing on the Backup Servicer Appointment Date and until such time, if any, as the Backup Servicer shall become successor Servicer, the Backup Servicer, for the benefit of the Noteholders, shall perform the monitoring, review, inspection and other backup servicing functions substantially as are set forth in Annex A, such performance to be provided for each Collection Period or at such other times and intervals as may be specified in Annex A.

  • As set forth in Section 8.03(a), in the event CRB is terminated as Servicer following the Backup Servicer Appointment Date, the Backup Servicer shall become the successor Servicer hereunder; provided, that notwithstanding that the Backup Servicer becomes successor Servicer hereunder, it shall have no obligation at any time to make Advances.

  • Commencing on the Backup Servicer Appointment Date and until such time, if any, as the Backup Servicer shall become Successor Servicer, the Backup Servicer, for the benefit of the Noteholders, shall perform the monitoring, review, inspection and other backup servicing functions substantially as are set forth in Annex A, such performance to be provided for each Collection Period or at such other times and intervals as may be specified in Annex A.

  • As set forth in Section 8.03(a), in the event Mechanics Bank is terminated as Servicer following the Backup Servicer Appointment Date, the Backup Servicer shall become the Successor Servicer hereunder; provided, that notwithstanding that the Backup Servicer becomes Successor Servicer hereunder, it shall have no obligation at any time to make Advances.

  • As set forth in Section 8.03(a), in the event Mechanics Bank is terminated as Servicer following the Backup Servicer Appointment Date, the Backup Servicer shall become the successor Servicer hereunder; provided, that notwithstanding that the Backup Servicer becomes successor Servicer hereunder, it shall have no obligation at any time to make Advances.

Related to Backup Servicer Appointment Date

  • Backup Servicer Fee means, for any Collection Period, the greater of (i) the product of one-twelfth of 0.0075% and the Pool Balance as of the first day of the preceding Collection Period (or in the case of the initial Collection Period, as of the Cutoff Date) and (ii) $2,500.

  • Backup Servicer means Wxxxx Fargo Bank, National Association, in its capacity as Backup Servicer under this Agreement.

  • Backup Servicing Fee means, as to each Distribution Date, $4,000; provided, however, that if the Backup Servicer becomes the successor Servicer, such fee shall no longer be paid.

  • Backup Servicing Agreement means the Amended and Restated Backup Servicing Agreement dated as of the Closing Date among the Borrower, the Servicer, the Administrative Agent and the Backup Servicer, as amended by that certain Amendment No. 1 to Backup Servicing Agreement dated as of April 14, 2009, as the same may from time to time be further amended, restated, supplemented, waived or modified.

  • Successor Master Servicer The meaning ascribed to such term pursuant to Section 8.02.

  • Master Servicer Event of Termination As defined in Section 7.01 hereof.

  • Successor Servicer means any entity appointed as a successor to the Servicer pursuant to Section 8.02.

  • Succeeded Appointment means any Appointment for which a Succession Time has occurred.

  • Note A-1 Special Servicer means the special servicer under the Note A-1 PSA.

  • Servicer means the Master Servicer or the Special Servicer, as the context may require.

  • Note A-2 Special Servicer means the special servicer under the Note A-2 PSA.

  • Servicer Fee has the meaning specified in Section 2.05(a).

  • Note A-3 Special Servicer means the special servicer under the Note A-3 PSA.

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

  • Note A-1 Master Servicer means the master servicer under the Note A-1 PSA.

  • Repo Custodian shall have the meaning set forth in the preamble of this Agreement.

  • Appointment Date shall have the meaning specified in Section 9.02(a).

  • Initial appointment means appointment made otherwise than by promotion or transfer;

  • Note A-2 Master Servicer means the master servicer under the Note A-2 PSA.

  • Note A-3 Master Servicer means the master servicer under the Note A-3 PSA.