Servicing Assets definition

Servicing Assets. As defined in Section 5.4(c)(i)(A).

Servicing Assets. As defined in Section 2.05(b) hereof.

Servicing Assets means the personnel, equipment, facilities (or leases relating thereto) and other assets required to operate as a residential mortgage loan servicer that are currently being utilized by the Servicer.

Examples of Servicing Assets in a sentence

• Disclosure of such gains (losses) is also required by ASC Subtopic 825-10, Financial Instruments – Overall (formerly FASB Statement No. 159, “Fair Value Option for Financial Assets and Financial Liabilities,” paragraphs 19 and C7(b)) and ASC Subtopic 860-50, Transfers and Servicing – Servicing Assets and Liabilities (formerly FASB Statement No. 156, “Accounting for Servicing of Financial Assets,” paragraph 4(f)(1)(d)).

• Disclosure of such gains (losses) is also required by ASC Subtopic 825-10, Financial Instruments – Overall (formerly FASB Statement No. 159, “Fair Value Option for Financial Assets and Financial Liabilities”) and ASC Subtopic 860-50, Transfers and Servicing – Servicing Assets and Liabilities (formerly FASB Statement No. 156, “Accounting for Servicing of Financial Assets”).

• In connection therewith, Purchasers shall provide Seller with the same information and opportunity to submit a bid to purchase the Servicing Assets as it provides to other prospective bidders.

• Disclosure of such gains (losses) is also required by ASC Subtopic 825-10, Financial Instruments – Overall and ASC Subtopic 860-50, Transfers and Servicing – Servicing Assets and Liabilities.

• Existing SLM Holdco shall cause SMI to contribute, assign, transfer, convey and deliver to Private ServiceCo, and Private ServiceCo shall accept, from SMI, all of the direct or indirect right, title and interest in and to all of the Private Loan Servicing Assets.

More Definitions of Servicing Assets

Servicing Assets. Net” (as shown on the Borrower’s audited balance sheet), and (y) deferred charges not to exceed $1,000,000 incurred by Borrower in connection with this Agreement and the transactions contemplated hereby, any items not included in clauses (i) through (vi) above which are treated as intangibles in conformity with GAAP.

Servicing Assets. The assets of the Credit Card Business necessary or appropriate for the servicing of the Accounts.

Servicing Assets shall have the meaning set forth in Section 2.1(b).

Servicing Assets means all of Seller’s mortgage servicing rights.

Servicing Assets means the Servicing Rights, Servicing Fees and any other financial assets of the Non-Debtor Borrowers and OAC LLC.

Servicing Assets means, collectively, the MH Servicing Assets and the Non-MH Servicing Assets.

Servicing Assets means, at any time, the portfolio of outstanding residential mortgage loans with respect to which the Company has direct servicing rights.