Servicing Agreement Consent definition

Servicing Agreement Consent means (a) any consent, approval, authorization that is required from an Investor or any other third party, including any Agency, as applicable, that is required pursuant to the terms of any Servicing Agreement, Subservicing Agreement or Master Servicing Agreement in order to assign or otherwise transfer such Servicing Agreement, Subservicing Agreement or Master Servicing Agreement to Purchaser pursuant to the terms of this Agreement, which consent shall (i) satisfy the applicable requirements under such Servicing Agreement, Subservicing Agreement or Master Servicing Agreement, if any, with respect to the assignment or transfer of the Servicing Agreement, Subservicing Agreement or Master Servicing Agreement to, and assumption of the Servicing Agreement, Subservicing Agreement or Master Servicing Agreement by, Purchaser pursuant to the terms of this Agreement, (ii) include a PSA Amendment to such Servicing Agreement, Subservicing Agreement or Master Servicing Agreement, if reasonably necessary and (iii) include a Rating Agency Affirmation Letter, but only to the extent expressly required by such Servicing Agreement, Subservicing Agreement or Master Servicing Agreement and (b) to the extent not covered by the foregoing clause (a), any consent or approval that is required from an Agency pursuant to the terms of such Agency’s servicing guide in order to permit Purchaser to service any Serviced Mortgage Loans for such Agency.
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Servicing Agreement Consent. Any consent, approval or authorization that is required from an Investor or any other third party, as applicable, or that is required pursuant to the terms of any Servicing Agreement in order to assign or otherwise transfer such Servicing Agreement or related Mortgage Servicing Rights to Purchaser pursuant to the terms of this Agreement, which consent, approval or authorization (a) shall satisfy the Applicable Requirements under such Servicing Agreement, if any, with respect to the assignment or transfer of the Servicing Agreement or related Mortgage Servicing Rights to, and assumption of the Servicing Agreement or related Mortgage Servicing Rights by, Purchaser pursuant to the terms of this Agreement, (b) may, but is not required to, include a Financing Amendment to a PLS Servicing Agreement, if applicable, and (c) shall include a Rating Agency Affirmation Letter, but only to the extent expressly required by a PLS Servicing Agreement.
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Servicing Agreement Consent means any consent that is required from an Investor or any other third party, as applicable, pursuant to the terms of any Servicing Agreement or any Underlying Document in order to assign such Servicing Agreement and/or Underlying Document to the Purchaser pursuant to the terms of this Agreement, which consent shall (a) satisfy the applicable requirements under such Servicing Agreement, if any, with respect to the assignment or transfer of the Servicing Agreement to, and assumption of the Servicing Agreement by, the Purchaser pursuant to the terms of this Agreement, (b) include a PSA Amendment, if applicable, to such Servicing Agreement, and (c) include a Rating Agency Affirmation Letter, but only to the extent expressly required by such Servicing Agreement.
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Examples of Servicing Agreement Consent in a sentence

  • If any such Servicing Agreement Consent is not obtained on or prior to the Sale Date, then the Purchaser and Seller shall cooperate to obtain any such Servicing Agreement Consent pursuant to Section 7.02.

  • Purchaser shall be responsible for all fees, costs and expenses relating to the retention of a back-up servicer that the applicable Investor may require as a condition to providing a Servicing Agreement Consent, as well as, except as otherwise set forth in this Agreement, all costs and expenses pertaining to conduct of the Servicing by Purchaser following its consummation of the Transactions.

  • Purchaser shall be responsible for all fees, costs and expenses relating to the retention of a back-up servicer that the applicable Investor may require as a condition to providing a Servicing Agreement Consent, as well as, except otherwise set forth in this Agreement, all costs and expenses pertaining to conduct of the Servicing by Purchaser following its consummation of the Transactions.

  • If any Servicing Agreement Consent is not obtained on or prior to the Sale Date with respect to any Servicing Agreement, each such Seller shall continue to use its commercially reasonable efforts to obtain such Servicing Agreement Consent until the Termination Date, and Purchaser shall continue to use its commercially reasonable efforts to cooperate with such Seller to obtain such Servicing Agreement Consent during such period.

  • If any Servicing Agreement Consent is not obtained on or prior to the Sale Date with respect to any Servicing Agreement, Seller shall continue to use its commercially reasonable efforts to obtain such Servicing Agreement Consent until the Termination Date, and Purchaser shall continue to use its commercially reasonable efforts to cooperate with the Seller to obtain such Servicing Agreement Consent during such period.


More Definitions of Servicing Agreement Consent

Servicing Agreement Consent. Any consent, approval or authorization that is required from the Investor pursuant to the terms of the Servicing Agreement in order to assign or otherwise transfer the related Mortgage Servicing Rights to Purchaser pursuant to the terms of this Agreement.
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Servicing Agreement Consent. Any consent, approval or authorization that is required from an Investor or any other third party, as applicable, or that is required pursuant to the terms of any Servicing Agreement in order to assign or otherwise transfer such Servicing Agreement or related Mortgage Servicing Rights to Purchaser pursuant to the terms of this Agreement, which consent approval or authorization (a) may, but is not required to, include a financing amendment to a Servicing Agreement, if applicable, and (b) shall include a Rating Agency Affirmation Letter, but only to the extent expressly required by a Servicing Agreement.
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Servicing Agreement Consent. Any consent, approval or authorization that is required from an Investor or any other third party (including any Governmental Entity) in order to assign or otherwise transfer such Servicing Agreement or related Mortgage Servicing Rights to Purchaser pursuant to the terms of this Agreement (including, with respect to Mortgage Servicing Rights related to Pipeline Mortgage Loans, any Agency consent, approval or authorization necessary to process, pool and/or sell such Pipeline Mortgage Loans), which consent, approval or authorization shall satisfy the Applicable Requirements under such Servicing Agreement, if any, with respect to the assignment or transfer of the Servicing Agreement and related Mortgage Servicing Rights to, and assumption of the Servicing Agreement and related Mortgage Servicing Rights by, Purchaser pursuant to the terms of this Agreement.
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Servicing Agreement Consent means, with respect to each Servicing Agreement, the Seller Consent with respect to each such Servicing Agreement, which Consent shall (a) satisfy the applicable requirements under the Servicing Agreement with respect to the assignment of the Servicing Agreement to, and assumption of the Servicing Agreement by, Servicing Assets Purchaser, (b) include a PSA Amendment, if applicable to such Servicing Agreement and (c) include a Rating Agency Affirmation Letter with respect to such Servicing Agreement.
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Servicing Agreement Consent. The consent, approval or authorization that is required from Investor or any other third party, as applicable, or that is required pursuant to the terms of the Servicing Agreement in order to assign or otherwise transfer the Servicing Agreement and related Mortgage Servicing Rights to Purchaser pursuant to the terms of this Agreement, which consent, approval or authorization shall (i) satisfy the Applicable Requirements under the Servicing Agreement, if any, with respect to the assignment or transfer of the Servicing Agreement and related Mortgage Servicing Rights to, and assumption of the Servicing Agreement and related Mortgage Servicing Rights by, Purchaser pursuant to the terms of this Agreement and (ii) be unconditional, subject to, in the case of GNMA, GNMA’s prohibition on the transfer of Issuer (as that term is defined in GNMA’s Applicable Requirements) responsibility for non-timely certified or recertified GNMA Mortgage Pools and any conditions based on the financial standing of the Purchaser or its capacity to handle the Servicing transfer.
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Related to Servicing Agreement Consent

  • Master Servicing Agreement means the master servicing agreement entered into on 20 May 2013 between the Guarantor, the Issuer and the Master Servicer.

  • Subservicing Agreement The written contract between the Master Servicer and any Subservicer relating to servicing and administration of certain Mortgage Loans as provided in Section 3.02, generally in the form of the servicer contract referred to or contained in the Program Guide or in such other form as has been approved by the Master Servicer and the Depositor.

  • Sub-Servicing Agreement The written contract between the Servicer and a Sub-Servicer relating to servicing and administration of certain Mortgage Loans as provided in Section 3.02.

  • Servicing Agreements Each of the Servicing Agreements executed with respect to a portion of the Mortgage Loans by one of the Servicers, which agreements are attached hereto, collectively, as Exhibit L.

  • Back-Up Servicing Agreement means that certain Back-Up Servicing Agreement to be entered into by and among the Company, the Administrative Agent and the Back-Up Servicer, as such agreement may be amended, restated, supplemented or otherwise modified from time to time.

  • Interim Servicing Agreement The agreement to be entered into by the Purchaser and the Interim Servicer, providing for the Interim Servicer to service the Mortgage Loans as specified by the Interim Servicing Agreement.

  • Primary Servicing Agreement means the agreement between the applicable Primary Servicer and the Master Servicer, under which such applicable Primary Servicer services the Mortgage Loans set forth on the schedule attached thereto.

  • Subservicing Agreements As defined in Section 3.02(a).

  • Countrywide Servicing Agreement Solely with respect to the Countrywide Mortgage Loans, the Mortgage Loan Purchase and Servicing Agreement, dated as of November 1, 2001, between the Transferor, as purchaser, and Countrywide, as seller and as servicer (as successor to Countrywide Home Loans, Inc. by an assignment dated January 1, 2001, as the same may be amended or supplemented), as the same may be amended from time to time, and any assignments and conveyances related to the Countrywide Mortgage Loans.

  • Basic Servicing Agreement has the meaning set forth in the Recitals.

  • Backup Servicing Agreement means the Amended and Restated Backup Servicing Agreement dated as of the Closing Date among the Borrower, the Servicer, the Administrative Agent and the Backup Servicer, as amended by that certain Amendment No. 1 to Backup Servicing Agreement dated as of April 14, 2009, as the same may from time to time be further amended, restated, supplemented, waived or modified.

  • 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.

  • Sale and Servicing Agreement means the Sale and Servicing Agreement, dated as of the Closing Date, between the Seller, the Issuer, the Servicer and the Indenture Trustee, as the same may be amended, modified or supplemented from time to time.

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

  • Substitute Servicing Agreement means a servicing agreement that contains servicing provisions which are the same as or more favorable to the Non-Lead Noteholders, in substance, to those in the Servicing Agreement (including, without limitation, all applicable provisions relating to delivery of information and reports necessary for any Non-Lead Securitization to comply with any applicable reporting requirements under the Securities Exchange Act of 1934, as amended) and all references herein to the “Servicing Agreement” shall mean such subsequent servicing agreement; provided, however, that if a Non-Lead Securitization Note is in a Securitization, then a Rating Agency Confirmation shall have been obtained from each Rating Agency with respect to such subsequent servicing agreement.

  • National City Servicing Agreement Solely with respect to the National City Mortgage Loans, the Master Seller’s Warranties and Servicing Agreement, dated as of October 1, 2001, between the Transferor and National City, as the same may be amended from time to time, and any assignments and conveyances related to the National City Mortgage Loans.

  • Servicing Arrangement is defined in Section 11.06(b).

  • Transfer and Servicing Agreement means the Amended and Restated Transfer and Servicing Agreement dated as of May 1, 2007 among the Transferor, the Servicer, and the Indenture Trustee, as the same may be amended, modified or supplemented.

  • Servicing Contract means, with respect to any Person, the arrangement, whether or not in writing, under which that Person has the right to service Mortgage Loans.

  • Other Servicing Agreements The Servicing Agreements other than the WFHM Servicing Agreement.

  • 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).

  • 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.

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

  • Non-Lead Servicing Agreements means the PSA with respect to each Non-Lead Note (other than the Non-Lead Note that is included in the Lead Securitization).