Examples of Serviced Asset in a sentence
Restless Development was requested to lead the coordination on implementation of a series of interventions aimed at addressing the indicated challenges through a number of integrated activities that include involvement of stakeholders (parents, community structures, government, and school leadership) as well as directly targeting young people themselves.
As to each Specially Serviced Asset, the Special Servicing Fee shall accrue daily from time to time at the Special Servicing Fee Rate on the basis of the Collateral Value of such Specially Serviced Asset and shall be calculated with respect to each Specially Serviced Loan on the same basis as interest accrues on such Specially Serviced Loan and with respect to each Mortgaged Property related to a Specially Serviced Lease on a 30/360 Basis.
The type of the insurance value shall be specied in the Insurance Contract.
In the event that a Successor Special Servicer (including the Back-Up Manager) is appointed, the terminated Special Servicer shall arrange for the delivery to the Successor Special Servicer of all of the Servicing Files for any Specially Serviced Asset, which Servicing Files shall contain sufficient data to permit the Successor Special Servicer to assume the duties of the Special Servicer hereunder without delay on account of the absence of relevant servicing information.
The Bridge Bank may not move any Serviced Asset off of the servicing platform or other system that was used by the Failed Bank for each such Serviced Asset without the prior consent of the Receiver, that must be obtained by the Bridge Bank no less than sixty (60) days prior to the Bridge Bank taking any action.
With respect to any Lease that is a Defaulted Asset, if such Lease has not been assumed and the related Mortgaged Property has not been sold or re-leased within 24 months of such Defaulted Asset becoming a Specially Serviced Asset, the Series 2005-1 Insurer may, upon written notice and subject to the Tax Required Condition, require the Property Manager or Special Servicer to sell such Mortgaged Property.
Within a reasonable period after bank failure, the Bridge Bank will provide to the Receiver an initial calculation of allocated fixed and variable costs and a proposed Fee for each Serviced Asset.
The Bridge Bank must notify the Receiver of any Claims asserted in connection with or related to any Serviced Asset pursuant to Section 7.02.
As of December 31, 2009, Xstrata had funded $3.7 million of the Company’s funding commitments.
Any File held by the Servicer is and shall be held in trust by the Servicer for the benefit of the Company as the owner thereof and the Servicer's possession of the File so retained is at the will of such Company for the sole purpose of servicing the Serviced Asset, and such retention and possession by the Servicer is in a custodial capacity only.