Serviced Assets definition

Serviced Assets. Has the meaning set forth in Section 2.01(a) of the Servicing Agreement.

Serviced Assets has the meaning set forth in the recitals hereto.

Serviced Assets has the meaning set forth in Schedule 6.14. “Servicing Termination Date” has the meaning set forth in Section 9.13. “Settlement Agent” has the meaning set forth in Section 3.03. “Settlement Designee” has the meaning set forth in Section 3.03.

Examples of Serviced Assets in a sentence

• The Bridge Bank will transfer the Serviced Asset(s) identified in the Withdrawal Notice and all files and records related thereto as required by the Receiver.

• The Bridge Bank must perform these obligations unless and until the Receiver provides notice to the Bridge Bank withdrawing one or more Serviced Assets from the scope of the Bridge Bank’s obligations pursuant to this Schedule 6.14 (each, a “Withdrawal Notice”) until the Servicing Termination Date.

• Pursuant to notice provided by the Receiver to the Bridge Bank, the Receiver has the right to, in its discretion, further restrict the Bridge Bank’s authority under this agreement, to provide supplemental direction to the Bridge Bank regarding the handling of the Serviced Assets, and to request additional support and services from the Bridge Bank in connection with the Receiver’s resolution activities related to the Serviced Assets.

• Backup Servicer is willing to perform the backup servicing and verification duties specified herein and to assume the role of Successor Servicer under the terms of the Successor Servicing Agreement with respect to the Serviced Assets pursuant to the conditions described therein and herein.

• The Customer shall be eligible for remedies if affected by a General Service Outage or by a Serviced Asset Outage and it reports the interruption in the Service or the Serviced Assets to Supplier within five (5) calendar days of the commencement of the Service Outage event or the Serviced Asset Outage event.

More Definitions of Serviced Assets

Serviced Assets means the fixed income investments of the Company, other than (i) any securities which are rated investment grade by a nationally recognized rating agency, unless the investment grade bonds have a first-loss position; (ii) securities (whether or not rated) issued by any corporation which are not secured by any pledge of collateral; or (iii) any securities issued by the U.S. government or other temporary investments, such as commercial paper or money market investments, made by the Company, provided, however, that for purposes of this definition, fixed income investments shall include the Company’s credit tenant lease assets. The fee shall be calculated and paid monthly on or before the fifth day following each month end. Manager shall be directly obligated to pay accrued fees hereunder, whether or not reimbursed by the Company for such fees as contemplated by the Management Agreement.

Serviced Assets means any Mortgage Loan, Receivables and/or REO Property covered by this Agreement.

Serviced Assets means the Loans and/or Borrower Payment Dependent Notes serviced by Servicer pursuant ot the Indenture.

Serviced Assets has the meaning assigned to such term in the Servicing Agreement.

Serviced Assets means the fixed income investments of the Company, other than (i) any securities which are rated investment grade by a nationally recognized rating agency, unless the investment grade bonds have a first-loss position; (ii) securities (whether or not rated) issued by any corporation which are not secured by any pledge of collateral; or (iii) any securities issued by the U.S. government or other temporary investments, such as commercial paper or money market investments, made by the Company. The fee shall be calculated and paid monthly on or before the fifth day following each month end. Manager shall be directly obligated to pay accrued fees hereunder, whether or not reimbursed by the Company for such fees as contemplated by the Management Agreement.

Serviced Assets means the Loans and/or Borrower Payment Dependent Notes serviced by Servicer pursuant ot the Indenture. (jj) “Servicer” has the meaning assigned thereto in the preamble to this Agreement. (kk) “SPE” has the meaning assigned thereto in the recitals to this Agreement. (ll) “Successor Servicer” has the meaning assigned thereto in the recitals to this Agreement. 4 CONFIDENTIAL TREATMENT [***] indicates that text has been omitted which is the subject of a confidential treatment request. This text has been separately filed with the SEC. (mm) “Successor Servicing Agreement” has the meaning assigned thereto in the recitals to this Agreement. (nn) “Successor Servicing Fee” has the meaning assigned thereto in Exhibit B hereto. 2. Loans Covered by this Agreement. As of the date hereof, this Agreement applies to any and all Loans serviced by Servicer from time to time. 3.

Serviced Assets shall have the meaning set forth in Section 9.3.