Servicer Transfer definition

Servicer Transfer has the meaning assigned in Section 8.02(a).
Sample 1Sample 2Sample 3
Servicer Transfer has the meaning ascribed thereto in Section 5.12;
Sample 1Sample 2Sample 3
Servicer Transfer. Has the meaning assigned in Section 8.2 of the Sale and Servicing Agreement. Servicing Fee. The fee payable monthly to the Servicer with respect to each Collection Period pursuant to Section 2.11 of the Sale and Servicing Agreement, equal to one-twelfth of the product of (a) the Servicing Fee Rate, and (b) the Receivable Balance of all Receivables in the Asset Pool as of the first day of such Collection Period; provided that in the event the Back-up Servicer becomes the Servicer pursuant to the Sale and Servicing Agreement, the Servicing Fee shall be as specified in the Back-Up Servicing Agreement. Servicing Fee Rate. 1.50% per annum.
Sample 1Sample 2

Examples of Servicer Transfer in a sentence

  • Notwithstanding the foregoing provisions relating to a Servicer Transfer, no Servicer Transfer shall be effective hereunder unless prior written notice thereof shall have been given to the Rating Agencies, and the Rating Agency Condition shall have been satisfied with respect thereto.

  • In addition, it is understood and agreed that if an Event of Default has occurred and a Servicer Transfer is being effected by action of the Indenture Trustee hereunder, any documented expenses reasonably incurred by the Indenture Trustee in connection with effecting such Servicer Transfer shall be deemed expenses reimbursable from Available Pledged Revenues.

  • Notwithstanding any other provision of this Agreement, the obligation of the Originator under this Section 7.03 shall not terminate upon a Servicer Transfer pursuant to Article VIII of the Transfer and Servicing Agreement and shall survive any termination of this Agreement.

  • Notwithstanding any other provision of this Agreement, the obligation of the Originator under this Section 7.01 shall not terminate upon a Servicer Transfer pursuant to Article VIII of the Transfer and Servicing Agreement and shall survive any termination of that agreement or this Agreement.

  • For so long as the Servicer is also an Approved Seller to the Trust, a Servicer Transfer Event occurs.

  • The Trust hereby designates the Seller as the initial Servicer under this Agreement and by executing and delivering this Agreement, the Seller agrees to accept its designation as the Servicer until a Servicer Transfer, and hereby agrees to perform the duties and obligations of the Servicer pursuant to the terms hereof, at no cost to the Trust.

  • The Servicer is hereby appointed the servicer hereunder until such time as any Servicer Transfer may be effected under Article VIII.

  • The Trustee may only terminate the Servicer's appointment if the Trustee determines that a Servicer Transfer Event has occurred and is continuing.

  • Notwithstanding any other provision of this Agreement, the obligation of the Trust Depositor and the Originator described in this Section 11.01 shall not (a) terminate or be deemed released by any party hereto upon a Servicer Transfer pursuant to Article VIII or (b) include any obligation to make payment on account of a breach of a Loan by an Obligor subsequent to the date on which such Loan was transferred to the Issuer.

  • The Trustee is also not liable for any Trust Manager's Default, Servicer Transfer Event or Title Perfection Event.


More Definitions of Servicer Transfer

Servicer Transfer shall have the meaning assigned in Section 6.01 of the Servicing Agreement.
Sample 1Sample 2
Servicer Transfer has the meaning given to such term in the Servicing Agreement.
Sample 1
Servicer Transfer means the transfer specified in Section 10.01 hereof.
Sample 1
Servicer Transfer has the meaning given to such term in subsection 8.02(b). ----------------- ------------------
Sample 1
Servicer Transfer. Has the meaning assigned in Section 8.2 of the Sale and Servicing Agreement. SERVICING FEE. The fee payable monthly to the Servicer with respect to each Collection Period pursuant to Section 2.11 of the Sale and Servicing Agreement, equal to one-twelfth of the product of (a) the Servicing Fee Rate, and (b) the Receivable Balance of the Asset Pool as of the first day of such Collection Period; PROVIDED that in the event the Back-up Servicer becomes the Servicer pursuant to the Sale and Servicing Agreement, the Servicing Fee shall be as specified in Schedule IV to the Sale and Servicing Agreement. SERVICING FEE RATE. Shall mean 1.50%.
Sample 1

Related to Servicer Transfer

  • Servicing Transfer Event means any of the events specified in the Servicing Agreement, whereby the servicing of the Mortgage Loan is required to be transferred to the Special Servicer from the Master Servicer.

  • Non-Lead Securitization Servicing Agreement shall have the meaning assigned to such term in Section 2(b).

  • Lead Securitization Servicing Agreement means (i) the pooling and servicing agreement or other comparable agreement related to the Lead Securitization, and (ii) on and after the date on which the Mortgage Loan is no longer subject to the provisions of the Lead Securitization Servicing Agreement, the “Lead Securitization Servicing Agreement” shall be determined in accordance with the second paragraph of Section 2(a).

  • Securitization Servicing Agreement means the Lead Securitization Servicing Agreement or any Non-Lead Securitization Servicing Agreement.

  • Servicing Agreement means such subsequent Servicing Agreement; provided, however, that until a replacement Servicing Agreement has been entered into (and such written confirmation has been obtained), the Note A-1 Holder shall cause the Mortgage Loan to be serviced pursuant to the provisions of the Servicing Agreement as if such agreement was still in full force and effect with respect to the Mortgage Loan; provided, further, however, that until a replacement Servicing Agreement is in place, the actual servicing of the Mortgage Loan may be performed by any Qualified Servicer appointed by the Note A-1 Holder and does not have to be performed by the service providers set forth under the Servicing Agreement that was previously in effect.

  • Non-Lead Servicing Agreement means the pooling and servicing agreement, trust and servicing agreement or other similar agreement to be entered into in connection with a Non-Lead Securitization Note.

  • BAseries Servicer Interchange means, with respect to any Monthly Period, an amount equal to the product of (a) the Servicer Interchange (as such term is defined in the Series 2001-D Supplement) with respect to such Monthly Period and (b) a fraction the numerator of which is the Weighted Average Available Funds Allocation Amount for the BAseries for such Monthly Period and the denominator of which is the Weighted Average Available Funds Allocation Amount for all series of Notes for such Monthly Period.