Potential Servicer Event of Default means an event which, but for the lapse of time or the giving of notice or both, would constitute a Servicer Event of Default.
Potential Servicer Event of Default. Any of the events specified in Section 9.02, whether or not any requirement of giving notice, lapse of time, or any other condition has been satisfied.
Examples of Potential Servicer Event of Default in a sentence
For the avoidance of doubt, Delayed Funding Purchasers shall be required to fund their respective Delayed Funding Amounts regardless of the occurrence of an Amortization Event, Potential Amortization Event, Servicer Event of Default, Potential Servicer Event of Default, Event of Default, or Potential Event of Default which occurs during the period from and including the related Funding Date to and including the related Delayed Funding Date.