Backup Servicing Agent definition

Backup Servicing Agent. Concord Servicing Corporation, an Arizona corporation, as the Backup Servicing Agent, or its successor as Backup Servicing Agent, under the Backup Servicing Agreement.
Sample 1Sample 2
Backup Servicing Agent means Xxxxx Fargo Bank, National Association, as backup servicing agent under the Backup Servicing Agreement, or its successor in such capacity.
Sample 1
Backup Servicing Agent means such Person as may be approved or otherwise selected by Administrative Agent, in its Permitted Discretion, in writing, who shall service the Eligible Consumer Receivables pledged as Collateral on and after the occurrence of Backup Servicing Trigger Event, all in accordance with the terms and conditions of a Backup Servicing Agreement.
Sample 1

Examples of Backup Servicing Agent in a sentence

  • SoCalGas and SDG&E point out an employee’s medical costs to the companies are set amounts driven by how many dependents (which are probably predictable in the large pool of employees for both companies) and do not vary by wages.86 We agree that TURN’s linkage is too simple to be adequate.

  • Borrower shall cause Servicing Agent to engage the Backup Servicing Agent as a condition of the closing of the transaction contemplated hereby.

  • The determination of a successor to the then existing Custodial Agent, the then existing Backup Servicing Agent and the existing Servicing Agent shall be made by the mutual agreement of the Lender and the Borrower unless there then exists an Event of Default or, in connection with the appointment of a successor to Bluegreen as the Servicing Agent, unless there has occurred a Termination Event (as defined in the Servicing Agreement).

  • The custodial fees, servicing fees, lockbox fees and the costs and expenses of the Servicing Agent, Backup Servicing Agent, Lockbox Agent and Custodial Agent shall be timely paid by Borrower.

  • Borrower shall pay, and indemnify and hold Lender harmless from, any and all backup servicing or similar fees, and all other amounts (including, without limitation, attorneys’ costs and transitional expenses) that are required to be paid to the Backup Servicing Agent.

  • If so appointed, Administrative Agent shall have the right at any time after a Backup Servicing Trigger Event, and in its Permitted Discretion to utilize the Backup Servicing Agent to maintain custody of any Collateral.

  • Most of the time, Serbia denies recognition and insists that dialogue is part of its constitutional obligation for improving conditions of Serbs living in Kosovo.

  • With respect to any funds collected directly by any Loan Party or any servicing agent or Backup Servicing Agent with respect to the Collateral (including, without limitation, all proceeds of Eligible Consumer Receivables), such recipient shall cause all such funds to be processed in accordance with the Flow of Funds.

  • All custodial fees, and the costs and expenses of the Backup Servicing Agent then due and owing shall be paid by the Borrower from Collections on each Remittance/Funding Date.

Related to Backup Servicing Agent

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

  • Servicing Agent means, with respect to an eNote, the field entitled, “Servicing Agent” in the MERS eRegistry.

  • 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.

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

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

  • FTPS Unit Servicing Agent means FTP Services LLC or any successor FTPS Unit servicing agent appointed as hereinafter provided."

  • Master Servicer means the master servicer appointed as provided in the Lead Securitization Servicing Agreement.

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

  • Collection Agent means at any time the Person then authorized pursuant to Section 6.01 to service, administer and collect Transferred Receivables.

  • Shareholder Servicing Agent shall have the meaning designated in Section 5.2(f) hereof.

  • Servicing Bank means the Agent or the Security Trustee;

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

  • Depositor means Advisors Asset Management, Inc. and its successors in interest, or any successor depositor appointed as hereinafter provided."

  • 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.

  • Special Servicer means the applicable special servicer with respect to the Mortgage Loan appointed as provided in the Lead Securitization Servicing Agreement.

  • indenture trustee or "institutional trustee" means the Trustee.

  • 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.

  • Note A-4 Master Servicer means the master servicer under the Note A-4 PSA.

  • Sub-Servicer Any Person with which the Master Servicer has entered into a Sub-Servicing Agreement and which meets the qualifications of a Sub-Servicer pursuant to Section 3.02.

  • Subservicer means any Person that services Receivables on behalf of the Servicer or any Subservicer and is responsible for the performance (whether directly or through Subservicers or Subcontractors) of a substantial portion of the material servicing functions required to be performed by the Servicer under this Agreement that are identified in Item 1122(d) of Regulation AB.

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

  • Certificate Administrator means the certificate administrator appointed as provided in the Lead Securitization Servicing Agreement.

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

  • Non-Lead Certificate Administrator means the “certificate administrator” under any Non-Lead Securitization Servicing Agreement.

  • Collateral Custodian means U.S. Bank National Association, solely in its capacity as collateral custodian, together with its successors and permitted assigns in such capacity.