Lease servicer definition

Lease servicer means an entity that collects monthly principal and interest payments from the lessee and then forwards the payments to the purchasing institution or maintains lease records for a fee. “Leasing company” means an enterprise that makes leases or assembles leases for resale to a bank.
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Lease servicer means the entity that collects monthly principal and interest payments from the lessee and then forwards the payments to the purchasing credit union or maintains lease records for a fee.
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Lease servicer has the meaning provided in Section 11.01(a).
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Examples of Lease servicer in a sentence

  • If an entity other than Banc of America Public Capital Corp or one of its affiliates is to be designated as Lease Servicer, such designation of such other entity may be made only with the prior consent of Lessee, which consent shall not be unreasonably withheld or delayed.

  • Nothing in this Agreement, expressed or implied, is intended to give to any person or entity other than Lessee, Lessor (and permitted assigns and Lease Servicer, if any) any right, remedy or claim under or by reason of this Agreement.

  • Accordingly, Xxxxxx agrees that, except with respect to payments by Xxxxxx for Basic Rent and Supplemental Rent which shall be paid to Lessor’s Account, and until Xxxxxx receives notice from Lessor or Lease Servicer to the contrary, Lessee shall be entitled to and shall communicate with and deal with Lease Servicer with respect to all matters relating to this Agreement, the other Operative Documents and the Aircraft.

  • Lessor shall endeavor to provide written notice of any such assignment or reassignment at least three (3) business days prior to such assignment or reassignment, but in any event Lessor shall provide Lessee with such notice prior to any such assignment or reassignment (and such notice shall disclose the name and address of each such assignee and the Lease Servicer, if any).

  • Accordingly, Lessor agrees that, except with respect to payments by Lessee for Basic Rent and Supplemental Rent which shall be paid to Lessor’s Account, and until Lessee receives notice from Lessor or Lease Servicer to the contrary, Lessee shall be entitled to and shall communicate with and deal with Lease Servicer with respect to all matters relating to this Agreement, the other Operative Documents and the Aircraft.


More Definitions of Lease servicer

Lease servicer means Chorus Aviation Capital (Ireland) Limited or any other Person designated by Lessor in accordance with Section 20.2;
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Lease servicer means Turbine Engine Center, or its successors and assigns or any other maintenance, repair and overhaul (“MRO”) company designated in writing by the Company to act as Lease Servicer.
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Lease servicer means the Person appointed by or on behalf of the Assignee or, if there is more than one Assignee, all of the Assignees, to act on its or their behalf to collect Base Rental Payments and otherwise perform the function of a lease servicing agent for the Assigned Rights.
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Related to Lease servicer

  • Interim Servicer The servicer under the Interim Servicing Agreement, or its successor in interest, or any successor to the Interim Servicer under the Interim Servicing Agreement, as therein provided.

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

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

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

  • Mortgage servicer means the mortgagee or a person other than the mortgagee to whom a mortgagor or the mortgagor’s successor in interest is instructed by the mortgagee to send payments on a loan secured by the mortgage. A person transmitting a payoff statement for a mortgage is the mortgage servicer for purposes of such mortgage.

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

  • Non-Lead Special Servicer means the “special servicer” under any Non-Lead Securitization Servicing Agreement.