Servicer Termination Events definition

Servicer Termination Events. (or any analogous term under the Lead Securitization Servicing Agreement) include customary market termination events with respect to failure to make advances, failure to timely remit payments to the Non-Lead Note Holders as required hereunder or under the Lead Securitization Servicing Agreement (subject to no more than one business day grace period), failure to timely deposit amounts into any REO Account or to remit to a Servicer for deposit into a related collection or custodial account, failure to deliver (or cause to be delivered) materials or information required in order for each Non-Lead Note Holder or each Non-Lead Depositor to timely comply with its obligations under the Exchange Act, the Securities Act and Form SF-3, and for rating agency downgrades or other triggers with respect to any certificates issued in connection with a Non-Lead Securitization, subject to customary grace periods (provided that, in the case of failures related to the securities laws, such grace periods will not cause a Non-Lead Depositor to fail to comply with the applicable provisions of such securities laws). Upon the occurrence of such a Servicer Termination Event with respect to the Master Servicer affecting a Non-Lead Securitization Note Holder and the Master Servicer is not otherwise terminated pursuant to the Lead Securitization Servicing Agreement, the Master Servicer shall be required, upon the direction of such Non-Lead Securitization Note Holder, to appoint a subservicer with respect to such Non-Lead Securitization Note. Upon the occurrence of a Servicer Termination Event with respect to the Special Servicer affecting a Non-Lead Securitization Note Holder and the Special Servicer is not otherwise terminated pursuant to the Lead Securitization Servicing Agreement, the Trustee shall, upon direction of such Non-Lead Securitization Note Holder, terminate the Special Servicer with respect to, but only with respect to, the Mortgage Loan;

Servicer Termination Events means and refer to the following on and after the Assumption Date:

Servicer Termination Events. As defined in Section 7.01.

Examples of Servicer Termination Events in a sentence

• If any defaults have occurred, such Servicer’s Certificate will provide an explanation of such Servicer Termination Events.

• It is understood that the financial terms that may not be disclosed except in compliance with this Section 11.13(a) include, without limitation, all fees and other pricing terms, and all Events of Default, Servicer Termination Events, and priority of payment provisions.

• It is understood that the financial terms that may not be disclosed except in compliance with this Section 12.13(a) include, without limitation, all fees and other pricing terms, and all Events of Default, Servicer Termination Events, and priority of payment provisions.

• Annual Statement as to Compliance; Notice of Servicer Termination Events.

• It is understood that the financial terms that may not be disclosed except in compliance with this Section 14.13(a) include, without limitation, all fees and other pricing terms, and all Termination Events, Servicer Termination Events, and priority of payment provisions.

• It is understood that the financial terms that may not be disclosed except in compliance with this Section 13.13(a) include, without limitation, all fees and other pricing terms, and all Termination Events, Servicer Termination Events, and priority of payment provisions.

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

• Back-up Servicer Termination Events under the Back-up Servicing Agreement are described in “The Sale and Servicing Agreement and the Back-up Servicing Agreement—Back-up Servicer Termination Events” in this Private Placement Memorandum.

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• The Trustee, prior to the occurrence of a Servicer Termination Events and after the curing of all Servicer Termination Events which may have occurred, undertakes to perform such duties and only such duties as are specifically set forth in this Agreement.

More Definitions of Servicer Termination Events

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

Servicer Termination Events. (or any analogous term under the Securitization Servicing Agreement) include customary market termination events with respect to failure to make advances, failure to timely remit payments to the Non-Lead Securitization Noteholders as required hereunder or under the Servicing Agreement, failure to deliver (or cause to be delivered) materials or information required in order for the Non-Lead Securitization Noteholders or the Non-Lead Depositor to timely comply with its obligations under the Exchange Act, the Securities Act and Form SF-3, and for rating agency downgrades or other triggers with respect to any certificates issued in connection with a Non-Lead Securitization, subject to customary grace periods (provided that, in the case of failures related to the securities laws, such grace periods will not cause a Non-Lead Depositor to fail to comply with the applicable provisions of such securities laws);

Servicer Termination Events. As defined in Section 8.07. --------------------------- Servicing File: All documents, records, and other items maintained by the -------------- Servicer with respect to a Contract and not included in the corresponding Contract File or the Land Home Contract File, as applicable, including the credit application, credit reports and verifications, appraisals, tax and insurance records, payment records, insurance claim records, correspondence, and all historical computerized data files.

Servicer Termination Events means and refer to the following on and after the Assumption Date: LEGAL02/41783784v7 LEGAL02/42659596v2

Servicer Termination Events means any of the following in connection with the Series 2021-1 Debt Securities, and “Servicer Termination Event” means any one of them:

Servicer Termination Events means the occurrence of any of the following event: