Servicer Event of Termination definition

Servicer Event of Termination. One or more of the events described in Section 7.01.
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Servicer Event of Termination means the events listed in the Amended and Restated Servicing Agreement upon the occurrence of which Sterling is permitted to terminate such agreement with one hundred and twenty (120) days’ written notice to Genesis.
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Servicer Event of Termination. As defined in Section 7.01 hereof.
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Examples of Servicer Event of Termination in a sentence

  • Upon any waiver of a past default, such default shall cease to exist and any Servicer Event of Termination arising therefrom shall be deemed to have been remedied for every purpose of this Agreement.

  • Notice of any Servicer Event of Termination shall be given by telecopy and by certified mail.

  • If the Master Servicer shall for any reason no longer be the Master Servicer (including by reason of any Master Servicer Event of Termination), the Trustee or its successor may, but shall not be obligated to, succeed to any rights and obligations of the Master Servicer under each subservicing agreement.

  • The Trustee, prior to the occurrence of a Master Servicer Event of Termination and after the curing or waiver of all Master Servicer Events of Termination that may have occurred, shall undertake to perform such duties and only such duties as are specifically set forth in this Agreement.

  • If the Master Servicer shall not have joined in such appointment within 15 days after the receipt by it of a request to do so, or in the case a Master Servicer Event of Termination shall have occurred and be continuing, the Trustee alone shall have the power to make such appointment.


More Definitions of Servicer Event of Termination

Servicer Event of Termination wherever used herein, means any one of the following events:
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Servicer Event of Termination. One or more of the events described in Section 7.01 (with respect to GMACM) or Article III of Exhibit B (with respect to Countrywide Servicing).
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Servicer Event of Termination shall have the meaning set forth in the Servicing Agreement.
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Servicer Event of Termination means each of the occurrences or circumstances enumerated in Section 6.01.
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Servicer Event of Termination. One or more of the events described in Section 6.01 of the Servicing Agreement.
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Servicer Event of Termination. One or more of the events described in Section 7.01 (with respect to JPMorgan and NCHLS) or Article V of Exhibit B (with respect to Countrywide Servicing).
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Servicer Event of Termination. With respect to each Servicer, one or more of the events described in Section 7.01 (which, as to the event specified in Section 7.01(v), shall apply only to Ameriquest or any successor thereto other than the Special Servicer, as servicer of the Delinquent Loans pursuant to the Special Servicing Agreement).
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