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

• The value of all Pledged Servicing Rights to Lenders shall be periodically determined as provided in Sections 7.1(n)(ii) and 3.2(b) by an Approved Servicing Appraiser.

• Lender shall have no obligation to release its interest in any Pledged Servicing Rights until all amounts required to be paid pursuant to Section 4.05 have been paid, except as determined by Freddie Mac pursuant to a Freddie Mac VPC Agreement.

• Except as otherwise provided herein, the Lender may, in its sole discretion, release its interest in a pool of Pledged Servicing Rights; provided, however, that prior to such release, Lender shall have been paid the full amount of any Loans outstanding and any accrued interest and other Obligations hereunder with respect to such Pledged Servicing Rights except or otherwise provided herein.

• Except as otherwise provided herein, in the event that the Borrower sells or otherwise disposes of any of the Pledged Servicing Rights, it shall give the Lender five (5) Business Days’ prior written notice of such sale or disposition (together with a list of the affected loans and other information helpful to the Lender in assessing the related Collateral Value), during which time the Lender shall recalculate the Collateral Value for the Collateral remaining after such sale or disposition.

• Borrower shall establish, maintain and administer one or more Dedicated Accounts and the Collection Account and all amounts collected by Borrower with respect to the Pledged Servicing Rights and related Loans strictly in accordance with Section 8.03.

More Definitions of Pledged Servicing Rights

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

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 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 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 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 and includes all of Debtor’s rights relating to the Serviced Xxxxxx Xxx Loans, including the rights to service, and to be compensated for servicing, the Serviced Xxxxxx Mae Loans, and includes all of the rights described or referred to in the definition of “Collateral”, together with all Servicing Rights described in any subservicing agreement for the Serviced Xxxxxx Xxx Loans between Debtor or any third party subservicer.