New Servicer definition

New Servicer means any entity appointed as a substitute servicer in accordance with the Servicing Agreement; NGCB or New Global Covered Bond means a Temporary Global Covered Bond in the form set out in Part 1 of Schedule 2 to the Trust Deed or a Permanent Global Covered Bond in the form set out in Part 2 of Schedule 2 to the Trust Deed, in either case where the applicable Final Terms Document specifies that the Covered Bonds are in NGCB form; NIPs means the Non-Investment Products Code; Nominee has the meaning given to it in Clause 19.1 of the Programme Agreement; Non-Forward Starting Covered Bond Swap Agreement means each agreement between the LLP, a Covered Bond Swap Provider and the Security Trustee governing any Covered Bond Swaps in respect of a Series or Tranche, as applicable, of Covered Bonds which provides a hedge against certain interest rate, currency and/or other risks in respect of amounts received by the LLP under the Loans in the Portfolio and the Interest Rate Swap and amounts payable by the LLP under the Intercompany Loan Agreement (prior to service of a Notice to Pay or service of an LLP Acceleration Notice) and under the Covered Bond Guarantee in respect of Covered Bonds (after service of a Notice to Pay or service of an LLP Acceleration Notice) in the form of an ISDA Master Agreement, including a schedule, one or more confirmations and a credit support annex; Non-eligible NGCB means a NGCB which is not intended to be held in a manner which would allow Eurosystem eligibility, as stated in the applicable Final Terms Document.

New Servicer means any member of the Scotiabank Group (other than the Bank) appointed as a new servicer in accordance with the Servicing Agreement.

New Servicer means Purchaser, or any Person selected by the Purchaser to service the Mortgage Loans.

Examples of New Servicer in a sentence

• If a Servicing Agreement is terminated, the CBC will need to appoint a New Servicer which must be adequately licensed in order for the CBC to keep the benefit of exemptive relief.

• And, while the Board is troubled that a building valued at $30 million in 2005, the strongest sellers’ market prior to the 2008 recession, is, fourteen years later, appraised by the Assessor at $26,940,200, only $3 million less, without clear and convincing evidence that the Assessor’s Cost Approach assessment is erroneous, the Board must affirm such assessment.

• Purchaser shall prepare or shall cause the New Servicer to prepare a report to the Internal Revenue Service and provide to Borrowers, all in accordance with applicable law, rules and regulations, any and all tax information required to be provided with respect to the Mortgage Loans for any period on or after the Servicing Transfer Date.

• HUD shall request that the Prior Servicer coordinate and cooperate with Purchaser and the New Servicer to affect an orderly and timely transfer of the servicing for each Mortgage Loan onto the New Servicer’s servicing system.

• Within twenty (20) Business Days after receipt from a Prior Servicer of an invoice for interim servicing fees due to and advances made by such Prior Servicer from the Claim Date through the Servicing Transfer Date (the ―Interim Servicing Fees and Expenses‖), Purchaser shall pay or cause the New Servicer to pay such Interim Servicing Fees and Expenses in full in accordance with Article II of the Interim Servicing Agreement, attached as Exhibit F of this Agreement.

More Definitions of New Servicer

New Servicer means any entity appointed as a substitute servicer in accordance with the Servicing Agreement; New Stand-By Bank Account Agreement has the meaning given to it in Section 4.1(g) of the Cash Management Agreement; New Stand-By GDA Agreement has the meaning given to it in Section 4.1(g) of the Cash Management Agreement; NGCB or New Global Covered Bond means a Temporary Global Covered Bond in the form set out in Part 1 of Schedule 2 to the Trust Deed or a Permanent Global Covered Bond in the form set out in Part 2 of Schedule 2 to the Trust Deed, in either case where the applicable Final Terms Document specifies that the Covered Bonds are in NGCB form; NIPs means the Non-Investment Products Code;

New Servicer means any entity appointed as a substitute servicer in accordance with the Servicing Agreement; NGN means a Temporary Global Covered Bond in the form set out in Part 1 of Schedule 4 of the Representative and Agency Agreement or a Permanent Global Covered Bond in the form set out in Part 2 of Schedule 4 of the Representative and Agency Agreement, in either case where the applicable Final Terms specify that the Covered Bonds are in NGN form; Nominee has the meaning given to it in Clause 17.1 of the Programme Agreement; notice means, in respect of a notice to be given to Covered Bondholders, a notice validly given pursuant to Condition 14 (Notices) of the Terms and Conditions; Notice to Pay has the meaning given to it in Condition 10.1 (Events of Default, Acceleration and Enforcement – Issuer Events of Default) of the Terms and Conditions; offer conditions means the terms and conditions applicable to a specified Loan as set out in the relevant offer letter to the Borrower;

New Servicer means any entity appointed as a substitute servicer in accordance with the Servicing Agreement; NGCB or New Global Covered Bond means a Temporary Global Covered Bond in the form set out in Part 1 of Schedule 2 to the Trust Deed or a Permanent Global Covered Bond in the form set out in Part 2 of Schedule 2 to the Trust Deed, in either case where the applicable Final Terms Document specifies that the Covered Bonds are in NGCB form; NIPs means the Non-Investment Products Code; Nominee has the meaning given to it in Clause 19.1 of the Programme Agreement;

New Servicer means the newly organized servicing subsidiary of Reorganized WFSG to be formed on the Effective Date.

New Servicer means that entity selected to service the Note Collateral of those Noteholders electing the Collateral Option under the Plan.

New Servicer means one or more newly formed entities which, after giving effect to a Holding Company Reorganization (a) shall be an entity organized under the laws of any political subdivision of the United States and be wholly owned (whether directly, or indirectly through one or more Intermediate Holding Companies) by the Holding Company; (b) shall, upon the completion of a Holding Company Reorganization, own or acquire (whether by transfer, consolidation, merger or otherwise) all of the assets that were owned by Gray immediately prior to a Holding Company Reorganization (including without limitation all of the Capital Stock of the operating Subsidiaries of Gray) and (c) shall assume all of the rights and obligations of Gray as “Master Servicer” under this Agreement and the other Transaction Documents.

New Servicer has the meaning ascribed to it in Section 4.13.