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. 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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REMIC Servicer means OAC in its capacity as servicer of the REMIC Trusts 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.

  • In the event OAC is terminated or resigns as the REMIC Servicer, it will immediately upon such termination or resignation, as applicable, deliver all documents held by it hereunder to the Trustee or the successor REMIC Servicer.

  • The Majority Noteholders shall deliver written notice of such satisfaction at such time as the REMIC Servicer shall have demonstrated such ability to the satisfaction of the Majority Noteholders.

  • Such payment by the Indenture Trustee to the REMIC Trustees shall constitute payment of the Purchase Price for the Aggregate Receivables consisting of such P&I Advances made on behalf of the REMIC Servicer and shall not be deemed to be the making of P&I Advances by the Issuer or the Indenture Trustee.

  • In order to reduce those impacts, mankind has two possibilities [27]: 1- to estimate, to prevent; to reduce and to avoid as possible, the environmental and social impact of every human activity that need processing of materials.

  • All the terms, covenants, agreements and conditions of the Transaction Documents to be complied with and performed by the Issuer, the REMIC Servicer and the Receivables Seller on or before the Closing Date shall have been complied with and performed in all material respects.

  • The Seller, in its capacity as REMIC Servicer under the REMIC Pooling Agreements, hereby covenants and agrees not to amend or agree to the amendment of any of the REMIC Pooling Agreements without the prior written consent of the Required Noteholders.

  • The Agent and the Lenders may act without liability upon the basis of written, telecopied or telephonic notice believed by the Agent in good faith to be from the Administrative Borrower (or from any Authorized Officer thereof designated in writing purportedly from the Administrative Borrower to the Agent or from the REMIC Servicer or the Tranche B SPE (in the case of Tranche B Revolving Loans)).

  • 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.

  • A copy of such instrument shall be delivered to the Noteholders and the REMIC Servicer by the Trustee or the Issuer.


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 shall have the meaning set forth in the Advance Indenture.
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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 applicable special servicer with respect to the Mortgage Loan appointed 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-4 Master Servicer means the master servicer under the Note A-4 PSA.

  • 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.