Servicing definition

Servicing. In accordance with Regulation AB, the act of servicing, managing or administering the Mortgage Loans or any other assets of the Trust by an entity (other than the Certificate Administrator and the Trustee) that meets the definition of “servicer” set forth in Item 1101 of Regulation AB and is subject to the disclosure requirements set forth in Item 1108 of Regulation AB. For clarification purposes, any uncapitalized occurrence of this term shall have the meaning commonly understood by participants in the commercial mortgage-backed securities market.

Servicing. The responsibilities, with respect to servicing the Mortgage Loans, under the Servicing Agreements.

Servicing means receiving a scheduled, periodic payment from a borrower,

Examples of Servicing in a sentence

• Capitalized terms used but not defined in this Agreement are defined in Appendix A to the Sale and Servicing Agreement, dated as of March 1, 2025, among Ford Credit Auto Owner Trust 2025-A, as Issuer, Ford Credit Auto Receivables Two LLC, as Depositor, and Ford Motor Credit Company LLC, as Servicer.

• Amounts on deposit in such accounts may be invested in Permitted Investments to the extent provided in the Pooling and Servicing Agreement.

• The Certificates are designated as the BANK 2025-BNK49, Commercial Mortgage Pass-Through Certificates, Series 2025-BNK49 and are issued in the classes as specifically set forth in the Pooling and Servicing Agreement.

• A summary of certain of the pertinent provisions of the Pooling and Servicing Agreement is set forth hereafter.

• This Certificate is issued under and is subject to the terms, provisions and conditions of the Pooling and Servicing Agreement, to which Pooling and Servicing Agreement, as amended from time to time, the Certificateholder by virtue of the acceptance hereof assents and by which the Certificateholder is bound.

More Definitions of Servicing

Servicing. With respect to any Mortgage Loan and any A/B Mortgage Loan, the right and obligation of the Primary Servicer to administer such Mortgage Loan and any A/B Mortgage Loan in accordance with the provisions hereof.

Servicing means the furnishing of electric current, or energy, gas or other illuminating agent for any public lighting facilities or for the lighting or operation of any other improvements; or water for the irrigation of any landscaping, the operation of any fountains, or the maintenance of any other improvements.

Servicing means the maintenance, repair, and servicing of previously installed equipment and systems.

Servicing means: (1) receiving any scheduled periodic

Servicing means:

Servicing means the collection or

Servicing means the routine work necessary to keep electrical, mechanical and plumbing systems operational, including, but not limited to: replacing filters, belts, hoses, gaskets and other parts required for the equipment to operate as intended.