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.

  • 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.

  • 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.

Related to Backup Servicer Appointment Date

  • Backup Servicer Fee means the fee to be paid to the Backup Servicer as set forth in the Backup Servicing Agreement.

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

  • Backup Servicer Termination Notice has the meaning given to such term in Section 8.04.

  • 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 Backup Servicing Agreement dated as of the Closing Date, among the Backup Servicer, Credit Acceptance, the Seller, the Issuer and the Trust Collateral Agent.

  • Serviced Appointment has the meaning set forth in Section 1.1.

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

  • Special Servicer Termination Event shall have the meaning given to such term in the Lead Securitization Servicing Agreement.

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

  • Special Servicer Servicing Personnel The divisions and individuals of the Special Servicer who are involved in the performance of the duties of the Special Servicer under this Agreement.

  • Successor Servicer has the meaning specified in Section 3.07(e) of the Indenture.

  • 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.

  • Collateral Custodian Termination Notice has the meaning assigned to that term in Section 12.05.

  • 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;

  • CMSA Special Servicer Loan File format substantially in the form of and containing the information called for therein for the Mortgage Loans, or such other form for the presentation of such information as may be approved from time to time by the CMSA for commercial mortgage securities transactions generally and, insofar as it requires the presentation of information in addition to that called for by the form of the "CMSA Special Servicer Loan File" available as of the Closing Date on the CMSA website, is reasonably acceptable to the Special Servicer.

  • Master Servicer Servicing Personnel The divisions and individuals of the Master Servicer who are involved in the performance of the duties of the Master Servicer under this Agreement.

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