Servicer Monthly Report definition

Servicer Monthly Report is defined in Section 3.8.
View Source
Servicer Monthly Report has the meaning assigned to that term in Section 6.08(d).
View Source
Servicer Monthly Report means the Servicer Monthly Report as defined by Clause 9.5(b) of the Receivables Trust Deed and Servicing Agreement dated on or about 23 May 2006 by Turquoise Receivables Trustee Limited, HSBC Bank plc, and the Loan Note Issuer;
View Source

Examples of Servicer Monthly Report in a sentence

  • The Special Servicer Monthly Report shall be substantially in the form of Exhibit O and shall contain a narrative description for each Specially Serviced Mortgage Loan of the current status of such Loan including the status of any workout or foreclosure, the change in such status since the prior Special Servicer Monthly Report, and other information described in Exhibit O.

  • The Special Servicer, for each Specially Serviced Mortgage Loan, shall provide to the Master Servicer, the Paying Agent and the Trustee on or prior to the Determination Date for each month, a Special Servicer Monthly Report substantially in the form of Exhibit O or in such electronic format as is mutually acceptable to the Master Servicer and the Special Servicer.

  • The Servicer will notify the Administrative Agent and the Collateral Custodian (which notice may be via email) if to the Servicer’s knowledge a Loan has been subject to any Material Modification since the prior Servicer Monthly Report.

  • Each Servicer Monthly Report shall be signed by a Responsible Officer of the Servicer and the Borrower and shall be substantially in the form of Exhibit H-2.

  • If such Servicer Monthly Report reflects a Conforming FICO Score Trigger Event, a Conforming Loan-to-Value Ratio Trigger Event, a Non-Conforming FICO Score Trigger Event or a Non-Conforming Loan-to-Value Ratio Trigger Event, the Servicer shall so notify the Collateral Agent.

  • F-1 Exhibit F-2 Form of Special Servicer Monthly Report.....................

  • The Special Servicer, for each Specially Serviced Mortgage Loan, shall provide to the Master Servicer and the Trustee on or prior to the Determination Date for each month, a Special Servicer Monthly Report substantially in the form of Exhibit O or in such electronic format as is mutually acceptable to the Master Servicer and the Special Servicer.

  • If such Servicer Monthly Report reflects a Conforming FICO Score Trigger Event, a Conforming Loan-to-Value Ratio Trigger Event, a Non-Conforming FICO Score Trigger Event or a Non-Conforming Loan-to-Value Ratio Trigger Event, the Servicer shall so notify the Custodian.

  • If such Servicer Monthly Report reflects a Pool Weighted FICO Score Average below 690 then, to the extent that a FICO Score Trigger Event results therefrom, the Administrative Agent shall so notify the Collateral Agent.

  • The Special Servicer, for each Specially Serviced Mortgage Loan, shall provide to the Master Servicer and the Paying Agent on or prior to the Determination Date for each month, a Special Servicer Monthly Report and the CMSA Reports in such electronic format as is mutually acceptable to the Master Servicer and the Special Servicer and in CMSA format.


More Definitions of Servicer Monthly Report

Servicer Monthly Report. The meaning specified in Section 10.10(b).
View Source
Servicer Monthly Report has the meaning assigned to that term in Section 6.08(d). 6.08(c). “Servicer Quarterly Report” has the meaning assigned to that term in Section “Servicer Standard” means, with respect to any Loans included in the Collateral Portfolio, to service and administer such Loans on behalf of the Secured Parties in accordance in all material respects with Applicable Law, and in all respects with the terms of this Agreement, the Underlying Instruments, all customary and usual servicing practices for loans like the Loans and, to the extent consistent with the foregoing, (a) with reasonable care, using a degree of skill and diligence not less than that with which the Servicer services and administers loans for its own account or for the account of its Investment Affiliates having similar lending objectives and restrictions, and (b) to the extent not inconsistent with clause (a), in a manner consistent with the customary and usual servicing practices, standards, policies and procedures followed by institutional managers of national standing relating to assets of the nature and character of such assets in the Collateral Portfolio; in each case where the foregoing requirements shall not be affected by (i) any relationship that the Servicer or any Investment Affiliate of the Servicer may have with any Obligor or any Investment Affiliate of any Obligor, (ii) the Servicer’s obligations to incur servicing and administrative expenses with respect to a Loan, (iii) the Servicer’s right to receive compensation for its services hereunder or with respect to any particular transaction, (iv) the ownership by the Servicer or any Investment Affiliate thereof of any Loans, (v) the ownership, servicing or management for others by the Servicer of any other loans or property by the Servicer, or (vi) any relationship that the Servicer or any Investment Affiliate of the Servicer may have with any holder of other loans of the Obligor with respect to such Loans.
View Source