Master Servicing Rights definition

Master Servicing Rights. The Servicing Rights identified as master servicing rights on Exhibit B of the Transfer Agreement.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Master Servicing Rights. The Servicing Rights identified as master servicing rights on Exhibit B hereto.

Master Servicing Rights means all right, title and interest of a Seller: (i) as Master Servicer under the Master Servicing Agreements, including the right to receive the Master Servicing Compensation under the Master Servicing Agreements and any other compensation arising from, or payable to the Master Servicer under, the Master Servicing Agreements, and any earnings and other benefits of the related Master Servicing Custodial Accounts and any other related accounts maintained by such Seller pursuant to the Master Servicing Agreements, but excluding any servicing fees payable under the RALI Pooling and Servicing Agreements; (ii) to the related Master Servicing obligations as specified in each applicable Master Servicing Agreement; (iii) to any and all accounts established for the Master Servicing of the Master Serviced Mortgage Loans or pursuant to the applicable Master Servicing Agreements, including, to the extent provided therein, any right or power to direct the disposition, disbursement, distribution or investment of amounts deposited therein; (iv) to the Master Servicing Custodial Accounts maintained pursuant to the Master Servicing Agreements; (v) with respect to the right of ownership, possession, control and use of any and all relevant documents and accounts pertaining to the Master Servicing of the Master Serviced Mortgage Loans; (vi) with respect to any Servicer Advances required to be reimbursed pursuant to any Master Servicing Agreement; (vii) to the “clean-up call” right, if any, to purchase the Master Serviced Mortgage Loans upon the aggregate principal balance thereof being reduced below a specified amount to the extent provided to such Seller in any Master Servicing Agreement (such right, a “Call Right”); and (viii) with respect to all other rights, powers and privileges of such Seller as the Master Servicer under the Master Servicing Agreements as expressly set forth therein or as deemed at Law.

Examples of Master Servicing Rights in a sentence

Section 6.05 Sale and Assignment of Master Servicing Rights..............
Section 6.05 Sale and Assignment of Master Servicing Rights...............
Section 6.05 Sale and Assignment of Master Servicing Rights...................
On or before the Transfer Date, the Purchaser shall have received, in form and substance reasonably satisfactory to the Purchaser (i) an Assignment Agreement providing for the conveyance of the applicable Servicing Rights on such Transfer Date and (ii) to the extent Master Servicing Rights are being conveyed on such Transfer Date, an assignment agreement providing for the assignment of each related SBO Contract with respect to such Master Servicing Rights.
Section 6.05 Sale and Assignment of Master Servicing Rights.............
In addition, solely with respect to the applicable Mortgage Loans related to the Master Servicing Rights, any net gain from REO Properties resulting from liquidation proceeds exceeding the amount due to certificateholders or the applicable Investor after reimbursement of all expenses to the related SBO Servicer.
As of each Closing Date, upon receipt of the Purchase Price, Seller will have sold, transferred, assigned, set over and conveyed to Purchaser, without recourse, on a servicing released basis, the related Mortgage Loans and the Master Servicing Rights associated with the related Mortgage Loans, and Seller hereby acknowledges that, upon receipt of the Purchase Price, Purchaser will have all the right, title and interest of Seller in and to such Mortgage Loans, including the Servicing Rights.
Section 6.05 Sale and Assignment of Master Servicing Rights....................
From January 1, 2014 until the date of this Agreement, none of the Company or any Company Subsidiary has (i) waived or otherwise prejudiced any rights in respect of any “Termination Event” under the Master Servicing Rights Purchase Agreement or under any Sale Supplement executed in connection the Master Servicing Rights Purchase Agreement or (ii) has waived or otherwise prejudiced any material rights or remedies under or in connection with any Material Contract.
Sale and Assignment of Master Servicing Rights...................

More Definitions of Master Servicing Rights

Master Servicing Rights means master loan servicing rights under the Pooling ans Servicing Agreements relating to Series 1997-4, 1998-1, 1998-2, and 1998-H1 Securitization Trusts.

Master Servicing Rights means all right, title and interest of a Seller: (i) as Master Servicer under the Master Servicing Agreements, including the right to receive the Master Servicing Compensation under the Master Servicing Agreements and any other compensation arising from, or payable to the Master Servicer under, the Master Servicing Agreements, and any earnings and other benefits of the related Master Servicing Custodial Accounts and any other related accounts maintained by such Seller pursuant to the Master Servicing Agreements, but excluding any servicing fees payable under the RALI Pooling and Servicing Agreements; (ii) to the related Master Servicing obligations as specified in each applicable Master Servicing Agreement; (iii) to any and all accounts established for the Master Servicing of the Master Serviced Mortgage Loans or pursuant to the applicable Master Servicing Agreements, including, to the extent provided therein, any right or power to direct the disposition, disbursement, distribution or investment of amounts deposited therein; (iv) to the Master Servicing Custodial Accounts maintained pursuant to the Master Servicing Agreements; (v) with respect to the right of ownership, possession, control and use of any and all relevant documents and accounts pertaining to the Master Servicing of the Master Serviced Mortgage Loans; (vi) with respect to any Servicer Advances required to be reimbursed pursuant to any Master Servicing Agreement; (vii) to the “clean-up call” right, if any, to purchase the Master Serviced Mortgage Loans upon the aggregate principal balance thereof being reduced below a specified amount to the extent provided to such Seller in any Master Servicing Agreement (such right, a “ Call Right ”); and (viii) with respect to all other rights, powers and privileges of such Seller as the Master Servicer under the Master Servicing Agreements as expressly set forth therein or as deemed at Law.

Master Servicing Rights. Closing Section 9.01 Closing Date Section 9.01 CMA Section 6.05(a) COBRA Section 4.13(d) Confidentiality Agreement Section 12.01 Continuing Employee Section 7.08(b) Controlling Party Section 10.07(e) Conversion Plan Section 7.10(i)(i) Criminal Third Party Claim Section 10.07(f) Cut-off Date Master Servicing Data Tape Section 7.10(z) De Minimis Threshold Section 10.04(b) Environmental Report Section 4.15 Excluded Assets Section 2.01(c) Exception Report Section 4.12(a) Excluded Liabilities Section 2.02(c) Financial Statements Section 4.05(a) Financing Section 5.04 First Closing Section 9.01(a) First Closing Cut-off Date Servicer Advance Data Tape Section 7.10(e) First Closing Cut-off Date Servicing Rights Data Tape Section 7.10(d) First Closing Date Section 9.01(a) First Closing Date Payment Section 2.03(b)(i)