Pledged Servicing Rights definition

Pledged Servicing Rights means any Eligible Servicing Rights with respect to which a security interest has been granted to the Lender pursuant to this Agreement (it being understood that, only Servicing Rights identified by pool number in the Electronic Files will be pledged) and with respect to which such security interest has not been released.

Pledged Servicing Rights means any Eligible Servicing Rights with respect to which the Lender’s security interest has not been released by Xxxxxx. For the avoidance of doubt, the Pledged Servicing Rights do not include any Excess Yield.

Pledged Servicing Rights has the meaning set forth in Section 4.1(a). For the avoidance of doubt Pledged Servicing Rights does not include any Excess Yield or the Stripped Interest Certificate.

Examples of Pledged Servicing Rights in a sentence

• Borrower will warrant and forever defend the right, title and interest of Bank in and to the Pledged Servicing Rights and Pledged Servicing Receivables against the claims and demands of all Persons whomsoever (subject to any rights of any Agency under any Approved Servicing Agreement, Acknowledgment Agreement, or Agency Guidelines).

• Borrower will promptly upon Bank’s request provide Bank with copies of any notices, reports and other information regarding the Pledged Servicing Rights provided by Borrower to its Servicers and by such Servicers to Borrower.

• Further, in no event shall “Collateral” for any purpose hereunder include any portion of the Pledged Servicing Rights or Pledged Servicing Receivables associated with any Freddie Mac Mortgage Loans or under any Servicing Agreement with Freddie Mac unless and until the Fxxxxxx Mac AA Date shall have occurred.

More Definitions of Pledged Servicing Rights

Pledged Servicing Rights means all of Borrower’s rights and interests under any Approved Servicing Agreements, including without limitation the rights to (1) service the Serviced Loans that are the subject matter of such Approved Servicing Agreement and (2) be compensated, directly or indirectly, for doing so; together with all Servicing Rights described in any subservicing agreement.

Pledged Servicing Rights has the meaning set forth in Section 4.1(a).

Pledged Servicing Rights means all Servicing Rights under the Pooling Agreements relating to Residual Receivables (whether or not such are Senior Residual Receivables) now or hereafter on deposit in any of the Residual Collateral Trusts.

Pledged Servicing Rights means all of the Borrower’s rights and interests under any Approved Servicing Agreements, including without limitation the rights to (a) service the Serviced Loans that are the subject matter of such Approved Servicing Agreement and (b) be compensated, directly or indirectly, for doing so; together with all Servicing Rights described in any related sub-servicing agreement.

Pledged Servicing Rights has the meaning set forth in the Additional Loan Terms and Covenants Addendum attached hereto as Exhibit A.

Pledged Servicing Rights means the Servicing Portfolio of the Company which has been pledged to the Agent, for the benefit of the Banks, as Collateral.

Pledged Servicing Rights means all of Borrower’s rights and interests under any Approved Servicing Agreements, including without limitation the rights to (a) service the Serviced Loans that are the subject matter of such Approved Servicing Agreement and (b) be compensated, directly or indirectly, for doing so; together with all Servicing Rights described in any subservicing agreement. As to Xxxxxxx Mac, “Pledged Servicing Rights” shall mean the indivisible, conditional, non-delegable right of Borrower to service Mortgage Loans owned or guaranteed by Xxxxxxx Mac pursuant to the Xxxxxxx Mac Single-Family Seller/Servicer Guide, as the same may be amended from time to time, (the “Xxxxxxx Mac Guide”) and the Purchase Documents (as defined in the Xxxxxxx Mac Guide).