Servicer Acknowledgment definition

Servicer Acknowledgment means, (i) the applicable Servicer Acknowledgment and Irrevocable Instruction Letter, dated on or around the Closing Date, from Buyer and acknowledged and agreed to by each Servicer, Sellers, and any permitted sub-servicer, as the same may be amended, supplemented or otherwise modified from time to time with the consent of Repo Agent in its sole and absolute discretion or (ii) any other servicer acknowledgement and irrevocable instruction letter from Buyer and acknowledged and agreed to by a Servicer after the Closing Date pursuant to clause (ii) of the definition of “Servicer”, Sellers and any permitted sub-servicer.

Servicer Acknowledgment means (i) that certain servicer acknowledgment, dated as of the date hereof, executed by Seller and acknowledged by Servicer and Buyer and (ii) such other servicer acknowledgment entered into by Seller on Buyer’s behalf in accordance with Section 22 of this Agreement.

Servicer Acknowledgment means a servicer acknowledgment entered into by Seller on Buyer’s behalf in accordance with Section 22 of this Agreement.

Examples of Servicer Acknowledgment in a sentence

• Each Servicer shall have delivered to the applicable Seller and Repo Agent an updated list of Serviced Loans and a list of the related Mortgaged Properties, pursuant to the related Servicer Acknowledgment.

• Any such amounts deposited in the Collection Account pursuant to the immediately preceding sentence shall then be remitted to the Remittance Account by no later than the next occurring Servicer Remittance Date, net of any amounts that such Servicer is expressly permitted in the related Servicing Agreement (as modified by the related Servicer Acknowledgment) to withdraw or retain with respect to such Purchased Loans.

• The Repurchase Agreement, the Custodial Agreement, the Blocked Account Agreement, the Servicing Agreement and Servicer Acknowledgment, the Fee Letter, the Pledge Agreement, the Power of Attorney to Administrative Agent, on behalf of Buyers, the Power of Attorney to Seller, all Transfer Documents, all Confirmations executed pursuant to the Repurchase Agreement and all other documents executed in connection herewith and therewith, and this Guaranty shall be referred to herein as the “Transaction Documents”.

• In the event that the Indenture Trustee does not elect to terminate the Servicer as servicer with respect to the Purchased Loans, the Servicer shall continue to service the Purchased Loans in accordance with the Underlying Repurchase Agreement as supplemented by this Servicer Acknowledgment.

• Collectively, this Agreement, the Guaranty, the Fee Letter, all Confirmations, the Trust Certificate, the Trust Agreement, the Custodial Agreement, the Servicing Agreement, the Servicer Acknowledgment, all UCC financing statements, amendments and continuation statements filed pursuant to any other Program Document, and all additional documents, certificates, agreements entered into in connection with this Agreement or any other Program Document.

More Definitions of Servicer Acknowledgment

Servicer Acknowledgment. Servicer Acknowledgement, entered into on September 20, 2021, by the Seller, the Trust, the Trustee and the Administrator, and acknowledged and agreed to by the Servicer and the Buyer, as the same may be amended, modified or supplemented from time to time.

Servicer Acknowledgment means, (i) the applicable Servicer Acknowledgment and Irrevocable Instruction Letter, dated on or around the Closing Date, from Buyer and acknowledged and agreed to by each Servicer, Sellers, and any permitted sub-servicer, as the same may be amended, supplemented or otherwise modified from time to time with the consent of Repo Agent in its sole and absolute discretion or (ii) any other servicer acknowledgement and irrevocable instruction letter from Xxxxx and acknowledged and agreed to by a Servicer after the Closing Date pursuant to clause (ii) of the definition of “Servicer”, Sellers and any permitted sub-servicer.

Servicer Acknowledgment means, (i) the applicable Servicer Acknowledgment and Irrevocable Instruction Letter, dated on or around the Closing Date, from Buyer and acknowledged and agreed to by Servicer, Seller A, Angel Oak Mortgage REIT, Inc. and any permitted sub-servicer, as amended on the November 2023 Amendment Date, solely to add Seller B as a seller thereunder and remove Angel Oak Mortgage REIT, Inc. as a seller thereunder, as the same may be further amended, supplemented or otherwise modified from time to time with the consent of Repo Agent in its sole and absolute discretion or (ii) any other servicer acknowledgement and irrevocable instruction letter from Buyer and acknowledged and agreed to by a Servicer after the Closing Date pursuant to clause (ii) of the definition of “Servicer”, Sellers and any permitted sub-servicer.

Servicer Acknowledgment. A letter agreement, in the form of Exhibit 17 attached hereto, dated as of the related Servicing Transfer Date and executed among the Purchaser and the Seller of the Mortgage Loans.

Servicer Acknowledgment mean the letter agreement, dated as of the Closing Date, by and among Borrower, CONA and the Servicer, as initial Servicer.

Servicer Acknowledgment means (i) that certain servicer acknowledgment, dated as of the date hereof, executed by Seller and acknowledged by Servicer and Buyer and (ii) such other servicer acknowledgment entered into by Seller on Buyer’s behalf in accordance with Section 22 of this Agreement. “Servicing Agreement” shall mean (i) that certain Servicing and Asset Management Agreement, dated as July 6, 2015, by and between Servicer and TH Commercial Holdings LLC (as joined by Seller pursuant to that certain Joinder Agreement dated as of February 18, 2016) and (ii) such other servicing or subservicing agreement entered into by Seller on Buyer’s behalf in accordance with Section 22 of this Agreement, as the same may be amended, supplemented or otherwise modified from time to time. “Servicing Records” shall have the meaning specified in Section 22(b) of this Agreement. “Servicing Rights” shall mean contractual, possessory or other rights of any Person to administer, service or subservice any Purchased Assets (or to possess any Servicing Records relating thereto), including: (i) the rights to service the Purchased Assets; (ii) the right to receive compensation (whether direct or indirect) for such servicing, including the right to receive and retain the related servicing fee and all other fees with respect to such Purchased Assets; and (iii) all rights, powers and privileges incidental to the foregoing, together with all Servicing Records relating thereto. “Significant Modification” shall mean (i) any extension, amendment, waiver, termination, rescission, cancellation, release, subordination or other modification to the terms of, or any collateral, guaranty or indemnity for, any Purchased Asset or Purchased Asset Document (including, without limitation, any provision related to the amount or timing of any scheduled payment of interest or principal, the validity, perfection or priority of any security interest, or the release of any collateral or obligor), (ii) any sale, transfer, disposition or any similar action with respect to any collateral for any Purchased Asset (except to the extent required under the Purchased Asset Documents) or (iii) the foreclosure or exercise of any material right or remedy by the holder of any Purchased Asset or Purchased Asset Document. “Single-Purpose Entity” shall mean any corporation, limited partnership or limited liability company that, since the date of its formation and at all times on and after the date hereof, has complied with and shall at all time...

Servicer Acknowledgment means, (i) the applicable Servicer Acknowledgment and Irrevocable Instruction Letter, dated on or around the Closing Date, from Buyer and Angel Oak Mortgage Fund TRS 0000 Xxxxxxxxx Xx. XX, Xxxxx 000 October 24, 2018 Xxxxxxx Xxxxx Bank USA 0000 Xxxxxxxxxx Xxxxx Xxxxxx, Xxxxx 00000 Attention: Warehouse Lending Ladies and Gentlemen: In connection with the Master Repurchase Agreement, dated as of the date hereof, among Angel Oak Mortgage Fund TRS, a Delaware statutory trust, as a seller, Angel Oak Mortgage, Inc., a Maryland corporation, as a seller (each, a “Seller,” and together, “Sellers”, “we” or “us”), and Xxxxxxx Sachs Bank USA, as buyer (“Buyer”) and as repo agent (“Repo Agent”) (as the same may be amended, supplemented, modified and/or restated from time to time, the “Repurchase Agreement”), each Seller hereby agrees as follows: