REMIC Servicer definition

REMIC Servicer. The P&I Advance Facility Trustee is the Advance SPV's pledgee with respect to the right to be reimbursed for such P&I Advances, and is the "Advance Financing Person" for purposes of the other provisions of this Section 3.04(f) with respect to the Advance Facility described in this subsection (f). The parties hereto further agree that any rights of set-off that the Trust may otherwise have against Oakwood Acceptance Corporation, LLC (successor by merger to Oakwood Acceptance Corporation) or the Servicer hereunder shall not attach to any rights to be reimbursed for P&I Advances that have been sold, transferred, conveyed and otherwise assigned to the Advance SPV. The parties hereto further covenant and agree that this Subsection 3.04(f)(6) may not be amended or otherwise modified without the prior written consent of 100% of the holders of the notes issued pursuant to the P&I Advance Facility Indenture, unless and until such notes shall have been paid in full or the P&I Advance Facility Indenture shall have been discharged and terminated.
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REMIC Servicer shall have the meaning set forth in the Advance Indenture.
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REMIC Servicer. Oakwood Servicing Holdings Co., LLC, a Nevada limited liability company, in its capacity as servicer of the REMIC Trusts under the REMIC Pooling Agreements and any successor servicer appointed thereunder.
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Examples of REMIC Servicer in a sentence

  • If Owner has notified Servicer in writing that an REO Property is held as part of a REMIC, Servicer will make reasonable efforts to sell such REO Property within the time necessary to preserve such REMIC status as advised by Owner in the notice thereof.

  • On each Funding Date, subject to satisfaction of the Funding Conditions and the other requirements of Section 7.02, the Indenture Trustee shall withdraw from the Funding Account and pay to the appropriate REMIC Trustee with respect to each REMIC Trust the aggregate amount of the P&I Advances (other than Extension P&I Advances) payable to such REMIC Trustee on such Funding Date in accordance with the instructions of the REMIC Servicer set forth in the related Funding Date Report.

  • The Servicing Advance Receivables related to P&I Advances (other than Extension Advances) to be made by the REMIC Servicer in each month with respect to Tranche B Securitization Trusts are sold and/or contributed by the Receivables Seller to the Tranche B SPE immediately following the disbursement of such P&I Advances, pursuant to the Receivables Purchase Agreement.

  • In the event the Trustee Fee and any other expenses or disbursements are unpaid or unreimbursed under Section 4.04, the Trustee shall not be entitled to payment or reimbursement from any of the REMIC Trusts or the REMIC Servicer.

  • Membership in PCA shall not imply any transfer of intellectual property and rights thereto, including but not limited to, software, applications, databases, ontologies, templates, specifications, models, project results, checklists, standards, and documents (hereinafter “IPR”) owned or developed by, or for, PCA.

  • Each Aggregate Receivable arises from a P&I Advance for which the REMIC Servicer is entitled to reimbursement pursuant to a REMIC Pooling Agreement.

  • The Seller shall not fail to comply with its obligations as the REMIC Servicer under each of the REMIC Pooling Agreements, which failure would have a material adverse effect on the interests of the Noteholders under the Indenture.

  • Any notices required to be given to the Initial Noteholders by the Issuer or the REMIC Servicer shall be deemed given if sent pursuant to the delivery instructions provided to the Issuer and the REMIC Servicer in writing by such Initial Noteholders.

  • The Seller shall duly observe and perform all of the covenants and obligations of the Seller and the REMIC Servicer set forth in the Indenture as if the Seller was a party thereto.

  • If the Verification Agent reports any exceptions, the Verification Agent shall provide the Trustee (with a copy to each Noteholder and the REMIC Servicer) with written notice describing such exceptions, and the REMIC Servicer and the Verification Agent shall attempt to reconcile such exceptions prior to the third Business Day following the related Payment Date.


More Definitions of REMIC Servicer

REMIC Servicer means Oakwood Servicing Holdings Co., LLC, a Nevada limited liability company, in its capacity as servicer for the Securitization Trusts under the Pooling and Servicing Agreements, and any successor appointed thereunder.
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REMIC Servicer shall cause all collections in respect of the Securitized Assets included in each Securitization Trust to be deposited into the related Certificate Account pursuant to the related Pooling and Servicing Agreement, not later than two Business Days following receipt by the REMIC Servicer or the REMIC Sub-Servicer.
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REMIC Servicer means OAC in its capacity as servicer of the REMIC Trusts and any successor servicer appointed thereunder.
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Related to REMIC Servicer

  • Sub-Servicer Any Person with which the Master Servicer has entered into a Sub-Servicing Agreement and which meets the qualifications of a Sub-Servicer pursuant to Section 3.02.

  • Master Servicer means the master servicer appointed as provided in the Lead Securitization Servicing Agreement.

  • Mortgage Loan Seller Sub-Servicer A Sub-Servicer required to be retained by the Master Servicer by a Mortgage Loan Seller, as listed on Exhibit S to this Agreement, or any successor thereto.

  • Certificate Administrator means the certificate administrator appointed as provided in the Lead Securitization Servicing Agreement.

  • Primary Servicer Prudential Asset Resources, Inc., or any successor thereto (as primary servicer) appointed as provided in the Primary Servicing Agreement.

  • The Master Servicer has fully furnished and shall continue to fully furnish, in accordance with the Fair Credit Reporting Act and its implementing regulations, accurate and complete information (e.g., favorable and unfavorable) on its borrower credit files to Equifax, Experian and Trans Union Credit Information Company or their successors on a monthly basis; and

  • Special Servicer means the special servicer appointed to act in such capacity with respect to the Mortgage Loan as provided in the Lead Securitization Servicing Agreement.

  • 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.

  • The Servicer s resignation pursuant to Section 7.5 or upon the Servicer's receipt of notice of termination as Servicer pursuant to Section 8.1(a), the Indenture Trustee (or an Affiliate of the Indenture Trustee that is an Eligible Servicer appointed by the Indenture Trustee) shall be the successor in all respects to the Servicer in its capacity as Servicer under this Agreement (provided that neither the Indenture Trustee nor any other successor Servicer shall have any obligation, but may elect, to make available to an Obligor any refinancing of a Last Scheduled Payment in the manner specified in the last sentence of Section 3.2(e) hereof), and shall be subject to all the responsibilities, duties and liabilities relating thereto placed on the Servicer by the terms and provisions of this Agreement. As compensation therefor, the Indenture Trustee shall be entitled to such compensation (whether payable out of the Collection Account or otherwise) as the Servicer would have been entitled to under this Agreement if no such notice of termination or resignation had been given, except that all collections shall be deposited in the Collection Account within two Business Days of receipt and shall not be retained by the Servicer. Notwithstanding the above, the Indenture Trustee may, if it shall be unwilling so to act, or shall, if it is legally unable so to act, appoint, or petition a court of competent jurisdiction to appoint, an Eligible Servicer as the successor to the terminated Servicer under this Agreement. In connection with such appointment, the Indenture Trustee may make such arrangements for the compensation of such successor Servicer out of payments on Receivables as it and such successor shall agree, which, in no event, shall be greater than that payable to MMCA as Servicer hereunder. The Indenture Trustee and such successor shall take such action, consistent with this Agreement, as shall be necessary to effectuate any such succession including, but not limited to, making arrangements in respect of the last sentence of Section 3.2(e) of this Agreement. The Indenture Trustee shall not be relieved of its duties as successor Servicer under this Section 8.2 until a newly appointed Servicer shall have assumed the responsibilities and obligations of the terminated Servicer under this Agreement.

  • Servicer Mortgage Loan File As defined in each of the Servicing Agreements.

  • Non-Lead Servicer means any Non-Lead Master Servicer or Non-Lead Special Servicer, as the context may require.

  • Non-Lead Certificate Administrator means the “certificate administrator” under any Non-Lead Securitization Servicing Agreement.

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

  • CREFC® Servicer Remittance to Certificate Administrator Template A report substantially in the form of, and containing the information called for in, the downloadable form of the “Interest Servicer Remittance to Certificate Administrator Template” available as of the Closing Date on the CREFC® Website, or such other form for the presentation of such information and containing such additional information as may from time to time be approved by the CREFC® for commercial mortgage securities transactions generally.

  • Lead Servicer means the master servicer designated under the Note A-1 PSA.

  • Certificate Administrator Personnel The divisions and individuals of the Certificate Administrator who are involved in the performance of the duties of the Certificate Administrator under this Agreement.

  • Note A-1 Master Servicer means the master servicer under the Note A-1 PSA.

  • Depositor means Advisors Asset Management, Inc. and its successors in interest, or any successor depositor appointed as hereinafter provided."

  • REMIC Administrator The Certificate Administrator or any REMIC administrator appointed pursuant to Section 10.04.

  • Other Servicer Mortgage Loan Any of the Mortgage Loans, if any, identified in Exhibit F-2 hereto, as such Exhibit may be amended from time to time in connection with a substitution pursuant to Sections 2.02 or 2.06, which Mortgage Loan is serviced under an Other Servicing Agreement.

  • Outside Servicer With respect to an Outside Serviced Mortgage Loan, the master servicer under the applicable Outside Servicing Agreement.

  • Master Servicer Servicing Personnel The divisions and individuals of the Master Servicer who are involved in the performance of the duties of the Master Servicer under this Agreement.

  • Servicer Custodial Account The separate Eligible Account or Accounts created and maintained by the Servicer pursuant to Section 3.08(b).

  • Back-Up Servicer means Xxxxx Fargo Bank, National Association and its permitted successors and assigns, as provided in the Indenture.

  • Trust Depositor means Harley-Davidson Customer Funding Corp., in its capacity as trust depositor under the Sale and Servicing Agreement.

  • Interim Servicer The servicer under the Interim Servicing Agreement, or its successor in interest, or any successor to the Interim Servicer under the Interim Servicing Agreement, as therein provided.