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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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

  • 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.

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

  • Primary Servicer Prudential Asset Resources, Inc., or any successor thereto (as primary servicer) appointed as provided in the Primary 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, initially, Xxxxx Fargo Bank, National Association, and at any other time, the Person then acting as “Back-up Servicer” pursuant to and in accordance with the Back-up Servicing Agreement.

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