Servicer Parties definition

Servicer Parties means, collectively, the Master Servicer and the Sub-Servicers.
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Servicer Parties means, collectively, the Servicer and Sub-Servicer and, individually, the Servicer or Sub-Servicer.
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Servicer Parties means the Servicer, BBAM LP and any Person through whom, directly or indirectly, BBAM LP holds any voting or non-voting equity interest in, or economic interest in, the Servicer.
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Examples of Servicer Parties in a sentence

  • The Primary Servicer Parties shall be indemnified by the Master Servicer against any loss, liability or expense (collectively, the “Losses”) incurred by the Primary Servicer in connection with any claim, loss, penalty, fine, foreclosure, judgment, liability or legal action relating to this Agreement resulting from the Master Servicer’s willful misconduct, bad faith, fraud, or negligence in the performance of duties hereunder or negligent disregard of its obligations hereunder.

  • The Primary Servicer Parties shall be indemnified by the Master Servicer against any loss, liability or expense (collectively, the “Losses“) incurred by the Primary Servicer in connection with any claim, loss, penalty, fine, foreclosure, judgment, liability or legal action relating to this Agreement resulting from the Master Servicer’s willful misconduct, bad faith, fraud, or negligence in the performance of duties hereunder or negligent disregard of its obligations hereunder.

  • The Seller will not permit and will (and will cause the Servicer Parties to) prevent funds which do not constitute Collections of Receivables or the proceeds of Incremental Investments or Subordinated Loans under the Subordinated Loan Agreement from being deposited into any Seller Operating Account.

  • The Seller on its behalf, and on behalf of the Secured Parties, shall (or shall cause the Master Servicer Parties to) promptly require compliance with all covenants and obligations in its favor of the Intermediate Transferors contained in the Intermediate Transfer Agreements and all covenants and obligations in its favor of the Originators under the Originator Sale Agreements.

  • The Seller and Servicer Parties will not terminate the Specified Account Bank or make any change in its instructions to Obligors regarding payments to be made to the Seller or payments to be made to the Specified Account, unless CIT Group/Sales is no longer the Sub-Servicer hereunder and such termination or change has been consented to in writing by the Agent or such termination or change is otherwise required by this Agreement.

  • Subject to Section 9.23 hereof, the Seller and Servicer Parties will instruct all Obligors to remit all their payments in respect of Receivables to the Specified Account.

  • Each assignor of a Receivable Interest or any interest therein may, in connection with the assignment, disclose to the assignee or participant any information relating to the Seller, HomePride SPV or the Servicer Parties, including the Receivables, furnished to such assignor by or on behalf of the Seller or by the Agent.

  • The Primary Servicer Parties may rely in good faith on any document of any kind which, prima facie, is properly executed and submitted by any appropriate Person respecting any matters arising hereunder.

  • The Servicer Parties shall also administer and enforce in accordance with the Credit and Collection Policy as in effect from time to time all rights and responsibilities of the holder of the Pool Receivables provided for in the Insurance Policies, to the extent that such Insurance Policies relate to the Pool Receivables, the Manufactured Homes, the Mortgaged Properties or the Obligors.

  • As and when required pursuant to Section 11.03(c) hereof, the Seller and the Servicer Parties will instruct all Obligors to remit all their payments in respect of Receivables to one or more Lock-Box Accounts.

Related to Servicer Parties

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

  • Master Servicer means the master servicer appointed as provided in the Lead Securitization Servicing Agreement.

  • 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.

  • Backup Servicer means Wxxxx Fargo Bank, National Association, in its capacity as Backup Servicer under this Agreement.

  • Servicer Indemnified Party As defined in Section 8.05(c) of this Agreement.

  • Backup Servicer Fee means, for any Collection Period, the greater of (i) the product of one-twelfth of 0.0075% and the Pool Balance as of the first day of the preceding Collection Period (or in the case of the initial Collection Period, as of the Cutoff Date) and (ii) $2,500.

  • Interim Servicer The servicer under the Interim Servicing Agreement, or its successor in interest, or any successor to the Interim Servicer under the Interim Servicing Agreement, as therein provided.

  • Servicers Wells Fargo Bank, as a Servicer under the related Servicing Agreement. Xxxtially the servicing functions performed by Wells Fargo Bank shall be performed by the Wells Fargo Home Mortgage xxxxxion of Wells Fargo Bank.

  • Back-Up Servicer means Xxxxx Fargo Bank, National Association and its permitted successors and assigns, as provided in the Indenture.

  • Special Servicer means the special servicer appointed to act in such capacity with respect to the Mortgage Loan as provided in the Lead Securitization Servicing Agreement.

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

  • Servicer Employees As defined in Section 2.12.

  • Subservicer means any Person that services Receivables on behalf of the Servicer or any Subservicer and is responsible for the performance (whether directly or through Subservicers or Subcontractors) of a substantial portion of the material servicing functions required to be performed by the Servicer under this Agreement that are identified in Item 1122(d) of Regulation AB.

  • 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.