Collateral Servicing Agreement definition

Collateral Servicing Agreement. The Additional Collateral Servicing Agreement, dated as of March 29, 2001 between Cendant and Lehman Brothers Bank, FSB.
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Collateral Servicing Agreement means a Collateral Servicing Agreement or similar agreement satisfactory to Agent, by and among the Collateral Servicer, each Credit Party, and the Agent, (as the same may be amended, restated, extended or otherwise modified from time to time), pursuant to which the Collateral Servicer, amongst other things, agrees to receive, process and hold for the benefit of the Agent and Lenders the original certificates of title with respect to the Credit Parties’ Rolling Stock and any other Collateral subject to a certificate of title statute.
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Collateral Servicing Agreement. Not applicable.
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Examples of Collateral Servicing Agreement in a sentence

  • In addition, PHH Mortgage hereby assigns to the Purchaser all of its right, title and interest in and to the Additional Collateral Servicing Agreement with respect to the Additional Collateral Mortgage Loans, which right, title and interest shall be assigned by the Purchaser to the Trustee, for the benefit of the Certificateholders, pursuant to the Pooling and Servicing Agreement.

  • However, AXA Bank Belgium retains the right to revise its lending criteria from time to time, subject to certain conditions being met under the Collateral Servicing Agreement and the Servicing Agreement.

  • The Issuer also has appointed AXA Bank Belgium as Servicer in order to service (i) the Collateral Security Assets under the Facility Agreements (see "Relationship between AXA Bank Europe SCF and AXA Group entities – Facility Documents – Collateral Servicing Agreement) and (ii) the Loans purchased under the Purchase Documents (see "Relationship between AXA Bank Europe SCF and AXA Group entities – Purchase Documents– Servicing Agreement).

  • AXA Bank Belgium retains the right to revise its lending criteria from time to time, subject to certain conditions being met under the Collateral Servicing Agreement and the Servicing Agreement.

  • Notwithstanding anything herein to the contrary, the Master Servicer shall have no liability for the servicing of the Additional Collateral, including, without limitation, the perfection, continuation, partial release, release, termination, realization upon, substitution, foreclosure, sale, or any other matter with respect to the Additional Collateral, or the enforcement of the Additional Collateral Servicing Agreement.

  • In no event shall the Master Servicer have any duty or obligation to supervise, monitor or oversee the obligations of MLCC as servicer of the Additional Collateral under the Additional Collateral Servicing Agreement.

  • Seller shall assign to Buyer all right, title and interest of Seller under the Additional Collateral Agreement and the Additional Collateral Servicing Agreement with respect to Additional Collateral Mortgage Loans transferred.

  • Fluents/intervals describe ob- jective matters of fact; strings/segmentations em- body, in addition, particular perspectives on these matters.A concrete linguistic illustration is provided by the notion that some events are punctual — i.e., lacking in internal structure.

  • If either the Trust Administrator or the Trustee receives an indemnification payment from an Additional Collateral Servicer under Section 4 of the Additional Collateral Servicing Agreement that is attributable to losses resulting from such Servicer’s failure to administer the Additional Collateral in accordance with the terms of the Additional Collateral Servicing Agreement in connection with Additional Collateral Mortgage Loans, such amounts shall be remitted to the Master Servicer.

  • Obligations.restrictions set forth in Exhibit A to the Collateral Servicing Agreement (or such equivalent successor tax restrictions as set forth in or attached to any agreement governing the relationship between the Issuer and any successor to the Collateral Servicer).


More Definitions of Collateral Servicing Agreement

Collateral Servicing Agreement means the agreement, dated as of the Closing Date, between the Borrower and the Collateral Servicer relating to the Facility and the Collateral, as amended from time to time in accordance with the terms hereof and thereof.
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Related to Collateral Servicing Agreement

  • Subservicing Agreement The written contract between the Master Servicer and any Subservicer relating to servicing and administration of certain Mortgage Loans as provided in Section 3.02, generally in the form of the servicer contract referred to or contained in the Program Guide or in such other form as has been approved by the Master Servicer and the Depositor.

  • Servicing Agreement means such subsequent Servicing Agreement; provided, however, that until a replacement Servicing Agreement has been entered into (and such written confirmation has been obtained), the Note A-1 Holder shall cause the Mortgage Loan to be serviced pursuant to the provisions of the Servicing Agreement as if such agreement was still in full force and effect with respect to the Mortgage Loan; provided, further, however, that until a replacement Servicing Agreement is in place, the actual servicing of the Mortgage Loan may be performed by any Qualified Servicer appointed by the Note A-1 Holder and does not have to be performed by the service providers set forth under the Servicing Agreement that was previously in effect.

  • Sale and Servicing Agreement means the Sale and Servicing Agreement, dated as of the Closing Date, between the Seller, the Issuer, the Servicer and the Indenture Trustee, as the same may be amended, modified or supplemented from time to time.