Interim Servicing Period definition

Interim Servicing Period. The period from the Closing Date to the related Servicing Transfer Date.

Interim Servicing Period. With respect to any Mortgage Loan, the period commencing on the related Closing Date and ending on the thirtieth day following the Closing Date or such other period mutually agreed to by the Seller and the Initial Purchaser.

Interim Servicing Period. With respect to any Mortgage Loan, the period commencing on the related Inbound Transfer Date and ending on the Reconstitution Date.

Examples of Interim Servicing Period in a sentence

• The Purchaser shall own and be entitled to receive with respect to each Mortgage Loan purchased, (1) all recoveries of principal collected after the Cut-off Date; (2) all payments of interest on the Mortgage Loans collected after the Cut-off Date net of the Servicing Fee, if any, during the Interim Servicing Period; and (3) all Prepayment Charges on the Mortgage Loans collected after the Cut-off Date.

• The Seller shall be responsible for maintaining the Custodial Agreement during the Interim Servicing Period.

• With respect to the retention of the Seller to service the Mortgage Loans during the Interim Servicing Period, the Seller acknowledges that the Purchaser has acted in reliance upon the Seller’s independent status, the adequacy of its servicing facilities, plan, personnel, records and procedures, its integrity, reputation and financial standing and the continuance thereof.

• The respective obligations and responsibilities of the Seller, as servicer, shall terminate at the expiration of the Interim Servicing Period unless terminated on an earlier date at the option of the Purchaser or pursuant to Section 14.

More Definitions of Interim Servicing Period

Interim Servicing Period shall have the meaning given in the Contribution “Investment Company Act” shall mean the Investment Company Act of 1940, as amended from time to time.

Interim Servicing Period. With respect to any Mortgage Loan, the period commencing on the related Closing Date and ending on the date specified in the related Confirmation, provided, however that the Interim Servicing Period may be extended for additional periods of thirty days by written notice by the Purchaser.

Interim Servicing Period. As to each Mortgage Loan Package, the period of time from and including the Closing Date to the Servicing Transfer Date.

Interim Servicing Period means the Company Interim Servicing Period or the Bank Interim Servicing Period, as applicable.

Interim Servicing Period means, with respect to each Group of Assets, the period beginning on the day after the Cut-Off Date and ending, with respect to such Group of Assets, on the Servicing Transfer Date for such Group of Assets.

Interim Servicing Period. Shall have the meaning ascribed thereto in Section 2(b)(iv) of this Agreement.

Interim Servicing Period has the meaning given that term in Section 3.3(b). “Law” means any applicable statute, law, ordinance, regulation, rule, code, injunction, judgment, decree or order (including any executive order) of any Governmental Authority.