Servicing Centralization Period definition
Servicing Centralization Period shall have the meaning specified in Section 1.1 of the Back-up Servicing Agreement.
Servicing Centralization Period means the period commencing upon receipt by the Back-Up Servicer of a Servicing Centralization Period Notice and ending on the Assumption Date (as defined in Section 2(a)(i) of the Back-Up Servicing Agreement), which period shall be at least six (6) months unless such Assumption Date occurs by reason other than as a result of a Servicing Centralization Trigger Event.
Servicing Centralization Period. The period commencing upon receipt by the Back-up Servicer of a Servicing Centralization Period Notice and ending on the receipt by the Back-up Servicer of a Servicing Transfer Notice.
Examples of Servicing Centralization Period in a sentence
Pursuant to Section 2.1(b) of the Back-up Servicing Agreement, the Indenture Trustee hereby informs you that a Servicing Centralization Trigger Event has occurred and the Servicing Centralization Period under the Back-up Servicing Agreement shall commence upon the date hereof.