Prior Servicers definition

Prior Servicers means, as of any date of determination, the Receiver, the Company, the Existing Servicers, the FDIC, the Failed Bank and any predecessor-in-interest thereof, any Ownership Entities existing (or having been in existence) on or before such date, and all of their respective Related Persons (but excluding, in all cases, the Manager (in its individual capacity)).
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Prior Servicers. Each originator, owner or servicer of any of the Mortgage Loans other than, and prior to, Seller or Current Servicer.
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Prior Servicers is a collective reference to all individuals and entities --------------- (except Subservicer) who at any time originated, serviced or subserviced any of the Mortgage Loans.
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Examples of Prior Servicers in a sentence

  • All real estate taxes, special government assessments, ground rents and flood, hazard, LGC, MIC and MI insurance premiums with respect to all Mortgage Loans have been paid when due by Seller or the Prior Servicers or, if not escrowed, paid by the Mortgagors.


More Definitions of Prior Servicers

Prior Servicers means, individually or collectively, all individuals and entities that at any time originated, serviced or subserviced any of the Mortgage Loans. “Recon Firm” is defined in Section 2.5(d)(2). “REO” means real estate owned, i.e. real property for which the title was acquired by an Investor or by Lender through foreclosure of a Mortgage or acceptance of a deed in lieu of foreclosure. “Servicing Rights” means the rights and responsibilities with respect to servicing and subservicing the Mortgage Loans and the associated Escrow Accounts and Mortgage Loan Files. “Subservicer” means the Party identified as such at the top of Page 1. “T&I” means taxes and insurance. “Term” is defined in Section 5.1. 5
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Related to Prior Servicers

  • Prior service means the number of years and completed months, expressed as a

  • Servicer means the Master Servicer or the Special Servicer, as the context may require.

  • Successor Servicer has the meaning specified in Section 3.07(e).

  • Subservicer means any Person that services Receivables on behalf of the Servicer or any Subservicer and is responsible for the performance (whether directly or through Subservicers or Subcontractors) of a substantial portion of the material servicing functions required to be performed by the Servicer under this Agreement that are identified in Item 1122(d) of Regulation AB.

  • Backup Servicer means Wxxxx Fargo Bank, National Association, in its capacity as Backup Servicer under this Agreement.

  • Asset Representations Review means, following the occurrence of a Delinquency Trigger, the review of ARR Receivables to be undertaken by the Asset Representations Reviewer pursuant to the terms of the Asset Representations Review Agreement.

  • Asset Representations Reviewer Fee means (i) a monthly fee equal to $416.67 per month, payable on each Payment Date, and (ii) the amount of any fee payable to the Asset Representations Reviewer in connection with its review of 60-Day Delinquent Receivables in accordance with the terms of the Asset Representations Review Agreement.