Servicer Event of Termination definition

Servicer Event of Termination. One or more of the events described in Section 7.01.

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.

Servicer Event of Termination wherever used herein, means any one of the following events:

Examples of Servicer Event of Termination in a sentence

• Although the terms and conditions of such divestment shall be completely within the control of Barrier, the Parties agree that the terms and conditions of further development and/or manufacturing by DSM of such Divested Product under this Agreement shall be subject to renegotiation between DSM and Barrier and/or the Third Party transferee of such drug rights.

• During the trial of any criminal matter, including the period of jury selection, no attorney associated with the prosecution or the defense shall give or authorize any extrajudicial statement or interview, relating to the trial, the parties or issues in the trial, for dissemination by any means of public communication, except that the attorney may quote from or refer, without comment, to public records of the Court in the case.

• In case a Master Servicer Event of Termination has occurred and remains uncured or unwaived, the Trustee shall exercise such of the rights and powers vested in it by this Agreement, and use the same degree of care and skill in their exercise as a prudent person would exercise or use under the circumstances in the conduct of such person’s own affairs, but only until such time as a successor Master Servicer shall have been appointed hereunder.

• As set out above, Assured's claims for breach of R&Ws are equally barred because it has not alleged a Master Servicer Event of Termination, nor has it complied with the demand and indemnification requirements of the No-Action Clauses.

• 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.

More Definitions of Servicer Event of Termination

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

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).

Servicer Event of Termination shall have the meaning set forth in the Servicing Agreement.

Servicer Event of Termination means each of the occurrences or circumstances enumerated in Section 6.01.

Servicer Event of Termination. One or more of the events described in Section 6.01 of the Sale and Servicing Agreement.

Servicer Event of Termination or similar sections of any Deferred Servicing Agreement or any related Underlying Document shall have occurred with respect to Seller for any reason not caused by Purchaser (other than as a result of any delinquency or loss trigger which was already triggered as of the Closing Date with respect to such Deferred Servicing Agreement); provided that Seller shall be entitled to any applicable cure period set forth in such Deferred Servicing Agreement or Underlying Document;

Servicer Event of Termination. In respect of any Servicer, one or more of the events (howsoever described) set forth in the related Servicing Contracts as an event or events upon the occurrence and continuation of which the Trustee is entitled to terminate the appointment of such Servicer.