Initial Servicer definition

Initial Servicer means CarMax.

Initial Servicer has the meaning assigned to such term in Section 6(a).

Initial Servicer shall have the meaning provided in Section 11.14(a) hereof.

Examples of Initial Servicer in a sentence

• The servicing fee payable to the Initial Servicer shall be as agreed to by all of the Initial Note Holders and paid out of collection on the Mortgage Loan by each Initial Note Holder on a pro rata basis in accordance with its Pro Rata Share.

• In the event of any claim, action or proceeding for which indemnity will be sought pursuant to this Section 8.2, the Owner Trustee’s choice of legal counsel shall be subject to the approval of the Initial Servicer, which approval shall not be unreasonably withheld.

• As of the date hereof, the information describing the Seller under the caption “The Depositor, Seller, Initial Servicer and Sponsor” in the prospectus dated [Pricing Date], 2024 relating to the Bonds is true and correct in all material respects.

• As of the date hereof, the information describing the Seller under the captions “Review of Storm Recovery Property” and “The Depositor, Seller, Initial Servicer and Sponsor” in the Prospectus is true and correct in all material respects.

More Definitions of Initial Servicer

Initial Servicer means Bridgecrest Credit Company, LLC.

Initial Servicer has the meaning assigned to that term in the preamble hereto.

Initial Servicer means CDF.

Initial Servicer means each of WhiteWave Foods, Country Fresh, Land-O-Sun and Southern Foods.

Initial Servicer is defined in the first paragraph hereof.

Initial Servicer means America’s Car Mart, Inc., an Arkansas corporation, the initial servicer under the Sale and Servicing Agreement.

Initial Servicer means Midland Loan Services, a division of PNC Bank, National Association, a national banking association.