Servicer definition

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

Servicer means (i) the Master Servicer with respect to a non-Specially Serviced Mortgage Loan and the Special Servicer with respect to a Specially Serviced Mortgage Loan, or (ii) with respect to a specific function, right or obligation as to which the Servicing Agreement designates the Master Servicer or the Special Servicer, the party so designated, as applicable, pursuant to the Servicing Agreement.

Servicer shall have the meaning set forth in Section 9.6 hereof.

Examples of Servicer in a sentence

• The Trust Fund, described more fully below, consists primarily of a pool of Mortgage Loans secured by first liens on various types of commercial, multifamily and/or manufactured housing community properties and any Trust Subordinate Companion Loan(s) held in trust by the Trustee and, other than in the case of the Outside Serviced Mortgage Loans, serviced by the Master Servicer and the Special Servicer.

• If the Seller elects to exercise its rights under Section 12.14 of the Pooling and Servicing Agreement, then the Seller shall pay the reasonable costs and expenses (if any) of the Depositor, Master Servicer, Special Servicer and Trustee resulting from such parties’ obligations to cooperate with the Seller under Section 12.14 of the Pooling and Servicing Agreement.

• If such Document Defect or Breach has been determined to be a Material Defect, then the Enforcing Servicer will be required to give prompt written notice thereof to the Seller, demanding that the Seller cure such Material Defect.

• Capitalized terms used but not defined in this Agreement are defined in Appendix A to the Sale and Servicing Agreement, dated as of March 1, 2025, among Ford Credit Auto Owner Trust 2025-A, as Issuer, Ford Credit Auto Receivables Two LLC, as Depositor, and Ford Motor Credit Company LLC, as Servicer.

• The rights of a Note Pledgee under this Section 14(c) shall remain effective as to any Note Holder (and any Servicer) unless and until such Note Pledgee shall have notified any such Note Holder (and any Servicer, as applicable) in writing that its interest in the pledged Note has terminated.

More Definitions of Servicer

Servicer means, with respect to any Serviced Duty, the applicable Purchaser performing Serviced Duties as agent of the applicable Seller pursuant to the terms of this Agreement.

Servicer has the meaning set forth in the preamble to this Agreement.

Servicer means at any time the Person (which may be the Agent) then authorized pursuant to Article VIII to service, administer and collect Receivables.

Servicer. As defined in Section 2.03(c).

Servicer has the meaning set forth in the Preamble.

Servicer means Santander Consumer, initially, and any replacement Servicer appointed pursuant to the Sale and Servicing Agreement.

Servicer means AmeriCredit Financial Services, Inc., as the servicer of the Receivables, and each successor servicer pursuant to Section 9.3.