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

• A notice, request, direction, consent, waiver or other communication must be addressed to the recipient at its address stated in Schedule B to the Sale and Servicing Agreements, which address the party may change by notifying the other parties.

• The Borrower hereby appoints Ares Strategic Income Fund, pursuant to the terms and conditions of this Agreement, as Servicer, with the authority to perform the Servicing Duties in respect of the Collateral.

• No Replacement Servicer shall have any right to act hereunder except to perform the Servicing Duties.

• Prior to the delivery of a Servicer Removal Notice, but subject to the terms of this Agreement (including Section 11.04 and Article VI), the Servicer has the sole and exclusive authority to make any and all decisions with respect to the Collateral and take or refrain from taking any and all actions with respect to the Collateral in respect of the Servicing Duties.

• The portion of the Servicing Fee that is not allocable to Series 20__-__ will be paid by the holders of the Depositor Interest or the Noteholders of other Series (under the related Indenture Supplement).

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 as used herein, means the furnishing of electric current, gas, or other form of energy for any public lighting facilities or for the lighting or operation of any other Improvements; and water for uses including, but not limited to, 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:

Servicing means: (1) receiving any scheduled periodic

Servicing means the collection or

Servicing means the responsibilities with respect to servicing the Mortgage Loans under the Applicable Servicing Requirements.