Backup Servicer Certificate definition

Backup Servicer Certificate means a certificate, in form and substance acceptable to the Administrative Agent, delivered by the Backup Servicer to the Borrower, the Servicer and the Administrative Agent in compliance with the terms and provisions of the Backup Servicing Agreement.
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Examples of Backup Servicer Certificate in a sentence

  • Within five (5) Business Days following the delivery to the Backup Servicer of the Biweekly Master File, the Borrower shall cause the Backup Servicer to deliver to the Administrative Agent the Backup Servicer Certificate.

  • The Backup Servicer shall provide a Monthly Backup Servicer Certificate to the Administrative Agent and the Borrower, on or before the close of business on the fifth Business Day following the related Reporting Date.

  • Within five (5) Business Days following the delivery to the Backup Servicer of the Monthly Master File, the Borrower shall cause the Backup Servicer to deliver to the Administrative Agent the Backup Servicer Certificate.

  • The Certificates will be issued under the Pooling and Servicing Agreement dated as of March 1, 2002 (the "Pooling and Servicing Agreement") among Bear Stearns Asset Backed Securities, I▇▇., ▇▇ Depositor (the "Depositor"), GreenPoint Credit, LLC, as Servicer and Custodian (the "Servicer"), and Wells Fargo Bank Minnesota, N.A., ▇ ▇▇▇ional banking association, as Backup Servicer, Certificate Administrator and Trustee (the "Trustee").

  • The Trustee, the Backup Servicer, Certificate Administrator or REMIC Administrator and any of their members, shareholders, directors, officers, employees or agents may rely on any document of any kind prima facie properly executed and submitted by any Person respecting any matters arising hereunder.

  • Covenants Regarding Bankruptcy, etc..................................................131 Exhibits This POOLING AND SERVICING AGREEMENT is dated and effective as of March 1, 2002 (as amended, modified or supplemented from time to time as permitted hereby, this "Agreement") among BEAR STEARNS ASSET BACKED SECURITIES, I▇▇., ▇▇ Depositor, GREENPOINT CREDIT, LLC, as Servicer and Custodian and WELLS FARGO BANK MINNESOTA, NATION▇▇ ▇▇SOCIATION, as Backup Servicer, Certificate Administrator and Trustee.

  • The Backup Servicer shall provide a Monthly Backup Servicer Certificate to the Administrative Agent and the Servicer, on or before the close of business on the Business Day immediately preceding the related Payment Date.

  • The Backup Servicer shall provide a Monthly Backup Servicer Certificate to the Administrative Agent, the Lender Group Agents and the Servicer, on or before the close of business on the fifth (5th) Business Day following the related Determination Date.

  • The Backup Servicer shall provide a Monthly Backup Servicer Certificate to the Administrative Agent and the Servicer, on or before the close of business on the Business Day immediately preceding each Payment Date.

Related to Backup Servicer Certificate

  • Master Servicer Certification A written certification covering servicing of the Mortgage Loans by all Servicers and signed by an officer of the Master Servicer that complies with (i) the ▇▇▇▇▇▇▇▇-▇▇▇▇▇ Act of 2002, as amended from time to time, and (ii) the February 21, 2003 Statement by the Staff of the Division of Corporation Finance of the Securities and Exchange Commission Regarding Compliance by Asset-Backed Issuers with Exchange Act Rules 13a-14 and 15d-14, as in effect from time to time; provided that if, after the Closing Date (a) the ▇▇▇▇▇▇▇▇-▇▇▇▇▇ Act of 2002 is amended, (b) the Statement referred to in clause (ii) is modified or superceded by any subsequent statement, rule or regulation of the Securities and Exchange Commission or any statement of a division thereof, or (c) any future releases, rules and regulations are published by the Securities and Exchange Commission from time to time pursuant to the ▇▇▇▇▇▇▇▇-▇▇▇▇▇ Act of 2002, which in any such case affects the form or substance of the required certification and results in the required certification being, in the reasonable judgment of the Master Servicer, materially more onerous than the form of the required certification as of the Closing Date, the Master Servicer Certification shall be as agreed to by the Master Servicer, the Depositor and the Seller following a negotiation in good faith to determine how to comply with any such new requirements.

  • Servicer Certification As defined in Section 3.22(b) hereof.

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