Servicer Duties definition

Servicer Duties specified in Section 2.04(a) of the Servicing Agreement.
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Servicer Duties has the meaning specified in Section 2.04(a).
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Servicer Duties has the meaning specified in Section 4.04(a).
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Examples of Servicer Duties in a sentence

  • References in this Agreement to actions taken or to be taken by the Servicer in performance of the Servicer Duties include actions taken or to be taken by a Subservicer on behalf of the Servicer.

  • The duties of the Backup Servicer set forth in Section 8A.2 (the "Backup Servicer Duties") shall be conducted by the Person so designated from time to time as Backup Servicer in accordance with this Agreement.

  • In performing its duties hereunder, the Servicer shall have full power and authority to do or cause to be done any and all things in connection with such servicing and administration which it may deem necessary or desirable, within the terms of this Agreement (the "Servicer Duties").

  • SERVICER FUNCTIONS 13 6.1 Servicer Duties 13 6.2 Disposition of Scooters 13 6.3 Merger 13 7.

  • Subject to the resignation of Norwest as Backup Servicer pursuant to Section 8A.4 or the termination of Norwest as Backup Servicer pursuant to Section 8A.6 and, in either case, the designation of a successor Backup Servicer hereunder, Norwest shall continue to perform the Backup Servicer Duties, unless and until expressly agreed otherwise by the Issuer, the Servicer, the Indenture Trustee and the Insurer.

  • Section 4.1 Appointment of Servicer; Duties of Servicer 15 Section 4.2 Servicing Fees 19 Section 4.3 Servicer Not to Resign 20 Section 4.4 Power of Attorney 20 Section 4.5 Servicing Covenants 20 Section 4.6 Termination of Servicer by Purchaser Following Servicer Event of Default 22 Section 4.7 Backup Servicer; Duties of Backup Servicer 22 Section 4.8 Appointment of Successor Servicer 24 Section 4.9 Collection Account, Custodial Account and Holding Account 26 Section 4.

  • Appointment of Special Servicer; Duties of Operating Adviser ....................................................100 SECTION 3.28.

  • Subject to the resignation of [________] as Backup Servicer pursuant to Section 8A.4 or the termination of [________] as Backup Servicer pursuant to Section 8A.6 and, in either case, the designation of a successor Backup Servicer hereunder, [________] shall continue to perform the Backup Servicer Duties, unless and until expressly agreed otherwise by the Issuer, the Servicer, the Indenture Trustee and the Insurer.

  • Subject to the resignation of Wellx Xxxgo as Backup Servicer pursuant to Section 8A.4 or the termination of Wellx Xxxgo as Backup Servicer pursuant to Section 8A.6 and, in either case, the designation of a successor Backup Servicer hereunder, Wellx Xxxgo shall continue to perform the Backup Servicer Duties, unless and until expressly agreed otherwise by the Issuer, the Servicer, the Indenture Trustee and the Insurer.

  • Appointment of Special Servicer; Duties of Operating Adviser..................................................100 Section 3.28.

Related to Servicer Duties

  • 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.

  • Special Servicer Servicing Personnel The divisions and individuals of the Special Servicer who are involved in the performance of the duties of the Special Servicer under this Agreement.

  • Non-Lead Servicing Agreements means the PSA with respect to each Non-Lead Note (other than the Non-Lead Note that is included in the Lead Securitization).

  • Non-Lead Servicing Agreement means the pooling and servicing agreement, trust and servicing agreement or other similar agreement to be entered into in connection with a Non-Lead Securitization Note.

  • Special Servicer Decision With respect to any Serviced Loan or Serviced Loan Combination, any of the following (to the extent it is not a Major Decision):

  • Non-Lead Securitization Servicing Agreement shall have the meaning assigned to such term in Section 2(b).

  • Sub-Servicing Agreement The written contract between the Servicer and a Sub-Servicer relating to servicing and administration of certain Mortgage Loans as provided in Section 3.02.

  • Lead Securitization Servicing Agreement means (i) the pooling and servicing agreement or other comparable agreement related to the Lead Securitization, and (ii) on and after the date on which the Mortgage Loan is no longer subject to the provisions of the Lead Securitization Servicing Agreement, the “Lead Securitization Servicing Agreement” shall be determined in accordance with the second paragraph of Section 2(a).

  • Servicer Default means an event specified in Section 8.01.

  • Primary Servicing Agreement means, with respect to each Primary Servicer, the agreement between such Primary Servicer and the Master Servicer, dated as of August 1, 2004, under which such Primary Servicer services the Mortgage Loans and, if applicable, the Serviced Companion Loan set forth on the schedule attached thereto.

  • Master Servicing Agreement means the master servicing agreement entered into on 20 May 2013 between the Guarantor, the Issuer and the Master Servicer.

  • Master Servicer Event of Termination As defined in Section 7.01 hereof.

  • Basic Servicing Agreement means the Amended and Restated Servicing Agreement, dated as of March 1, 2009, among MBFS USA, as lender and as servicer, Daimler Trust, as titling trust, and Daimler Title Co., as collateral agent.

  • Sub-Servicing Account An account established by a Sub-Servicer which meets the requirements set forth in Section 3.08 and is otherwise acceptable to the Master Servicer.

  • Interim Servicing Agreement The agreement to be entered into by the Purchaser and the Interim Servicer, providing for the Interim Servicer to service the Mortgage Loans as specified by the Interim Servicing Agreement.

  • Other Servicing Agreements The Servicing Agreements other than the WFHM Servicing Agreement.

  • Servicer Custodial Account The separate Eligible Account or Accounts created and maintained by the Servicer pursuant to Section 3.08(b).

  • Backup Servicing Agreement means the Amended and Restated Backup Servicing Agreement dated as of the Closing Date among the Borrower, the Servicer, the Administrative Agent and the Backup Servicer, as amended by that certain Amendment No. 1 to Backup Servicing Agreement dated as of April 14, 2009, as the same may from time to time be further amended, restated, supplemented, waived or modified.

  • Master Servicer Event of Default wherever used herein, means any one of the following events:

  • Servicing Accounts The account or accounts created and maintained pursuant to Section 3.08.

  • 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.

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

  • Servicing Arrangement is defined in Section 11.06(b).

  • Servicer's Assignee As defined in Section 10.14(a).

  • FTPS Unit Servicing Agent means FTP Services LLC or any successor FTPS Unit servicing agent appointed as hereinafter provided."

  • Servicer Account means any account established by Servicer in connection with the servicing of the Mortgage Loans.