Examples of Servicing Advance Facility in a sentence
Ocwen and Servicer each acknowledges and agrees that the indenture trustee, on behalf of the holders of related notes, with respect to any Servicing Advance Facility pursuant to which Servicer has transferred Servicer Advances made pursuant to a Servicing Agreement is an express third party beneficiary of this Subservicing Supplement and the Subservicing Agreement solely with respect to the Servicing Agreements related to such Servicing Advance Facility.
With respect to the Encumbered Assets, (i) the Residual Interests (other than reserve accounts) held by the Borrower or any Restricted Subsidiary in any related Servicing Advance Facility, MSR Facility or Warehouse Facility, as applicable, are not subject to any Lien (other than Liens permitted under Sections 6.01(i), (ii) or (viii)) and (ii) the Borrower or a Restricted Subsidiary has valid title to all Encumbered Assets.
The Servicing Advance Facility Agreements, the Repo Transaction Documents and the MSFTAs are referred to herein each as a “Warehouse Facility Agreement” and collectively as the “Warehouse Facility Agreements”.
The Company reasonably believes that all conditions to the Initial Acquisition set forth in the Purchase Agreement (other than the payment of the Purchased Assets Purchase Price) and the Servicing Advance Facility Agreements have been satisfied or irrevocably waived, and that the Initial Acquisition will be consummated on the terms disclosed in the Registration Statement, General Disclosure Package and the Prospectus.
SAF SPVs: Any special purpose issuer entity established by Ditech in connection with any New Servicing Advance Facility Agreement (which, for the avoidance of doubt, may be the same special purpose issuer entities currently acting as such under the Prepetition Servicing Advance Facility Agreements) (each, an “SAF SPV”).