Servicer Transfer Event definition

Servicer Transfer Event has the meaning set forth in Section 8.01(b).

Servicer Transfer Event means the occurrence of any of the following:

Servicer Transfer Event means the occurrence of any Event of Default.

Examples of Servicer Transfer Event in a sentence

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

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

• The Administrator agrees not to give Parent a Successor Notice until after the occurrence of a Liquidation Event (any such Liquidation Event being herein called a "Servicer Transfer Event"), in which case such Successor Notice may be given at any time in the Administrator's discretion.

• The maximum amount that the Servicer may become obliged to pay to the Trustee under any indemnity by it to the Trustee is an amount equal to the Unpaid Balance of each Housing Loan affected by the relevant Servicer Transfer Event or failure, together with any expense, loss, damage or liability which the Trustee incurs in its personal capacity, in each case as at the time the Servicer pays the damages.

• BuildingThe light on the pole by the street has been replaced, making the parking lot much brighter.

More Definitions of Servicer Transfer Event

Servicer Transfer Event means the occurrence of any Unmatured Default or Event of Default.

Servicer Transfer Event has the meaning set forth in SECTION 8.01(B) of the XXX Purchase Agreement.

Servicer Transfer Event. As defined in Section 8.1(b)

Servicer Transfer Event shall have the meaning given to such term in Section 6.2 hereof.

Servicer Transfer Event has the meaning set forth in Section 8.01(b). ----------------------- ---------------

Servicer Transfer Event has the meaning set forth in Section 8.01(b) of the Receivables Purchase Agreement.

Servicer Transfer Event means each of the following events: (i) the occurrence of any Termination Event described in Section 9.01(a), (f), (g) or (j); (ii) a Termination Event described in Section 9.01(d) with respect to Terra Capital or Parent; (iii) a Termination Event described in Section 9.01(i) if such event materially and adversely effects the Receivables Pool; (iv) there shall have occurred any event which materially adversely affects the ability of Servicer to collect Pool Receivables or the ability of Servicer to perform under this Agreement; (v) the Sales Based Default Ratio exceeds 6.5%; or (vi) the average Dilution Ratio for any three consecutive months exceeds 13%. I-16