Potential Servicer Default definition

Potential Servicer Default means an event which, with the passage of time or the giving of notice, or both, would constitute a Servicer Default.
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Potential Servicer Default means an event that but for notice or lapse of time or both would constitute a Servicer Default.
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Potential Servicer Default means an event which but for the lapse of time or the giving of notice, or both, would constitute a Servicer Default.
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Examples of Potential Servicer Default in a sentence

  • The Seller shall not make any Restricted Junior Payment if a Servicer Default or Potential Servicer Default exists or would result therefrom.

  • No Amortization Event, Potential Amortization Event, Termination Event, Potential Termination Event, Servicer Default, or Potential Servicer Default shall have occurred and be continuing (in each case, before and after giving effect to the purchase).

  • No Servicer Default or Potential Servicer Default has occurred and is continuing.

  • From and after the occurrence of an Asset Base Deficiency, Default, Event of Default, Amortization Event, Potential Amortization Event, Servicer Default or Potential Servicer Default, the Administrative Agent shall be entitled to conduct an unlimited number of Inspections at the expense of the Servicer.

  • In order to induce the other parties to agree to this Amendment, ECFC hereby represents and warrants that (a) after giving effect to the amendments set forth in Section 1 above, the representations and warranties set forth in Section 5.1 of the Existing Agreement are true and correct in all material respects on and as of the date hereof, and (b) no event has occurred and is continuing that constitutes a Servicer Default or Potential Servicer Default.


More Definitions of Potential Servicer Default

Potential Servicer Default means an event which, with the giving of notice or the lapse of time or both, would constitute a Servicer Default hereunder or under the Servicing Agreement or any Supplement.
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Potential Servicer Default means an event which, with the expiration of a grace period without cure or the giving of notice, or both, would constitute a Servicer Default.
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Potential Servicer Default means an event which, with the giving of notice and/or the lapse of time, would constitute a Servicer Default hereunder or under any Supplement. "PREPAYMENT REQUEST" shall have, with respect to any Series, the meaning specified in the related Supplement.
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Potential Servicer Default means any occurrence or event that, with the giving of notice, the passage of time or both, would constitute an Servicer Default. “Proceeds” has the meaning specified in Section 9-102(a)(64) of the applicable UCC.
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Potential Servicer Default means any event which, with the giving of notice or lapse of time or both, would constitute a Servicer
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Potential Servicer Default means any event which with the giving of notice, lapse of time, making of any determination or any combination thereof, would constitute a Servicer Default, and for the avoidance of doubt such event will not constitute a Cash Control Event; Potential Termination Event means any event which with the giving of notice, lapse of time, making of any determination or any combination thereof, would constitute a Termination Event, and for the avoidance of doubt such event will not constitute a Cash Control Event;
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Potential Servicer Default means an event or circumstance which would (with the expiry of a grace period, the giving of notice, the making of any determination under the Transaction Documents or any combination of the foregoing) be a Servicer Default.
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