Servicing Default. The meaning assigned in Section 6.01 of the Servicing Agreement.

Servicing Default. Any one of the following events:

Servicing Default. The meaning assigned in Section 7.01 hereof.

Examples of Servicing Default in a sentence

Upon any such waiver of a past default, such default shall be deemed to cease to exist, and any Servicing Default arising therefrom shall be deemed to have been timely remedied for every purpose of this Servicing Agreement.
In the event the Indenture Trustee assumes the responsibilities of the Master Servicer under this Servicing Agreement upon a Servicing Default under Section 6.01, the Indenture Trustee shall be entitled to reimburse itself for Advances pursuant to Sections 3.07(a)(v), (viii) and (ix) prior to reimbursement of the terminated Master Servicer or any successor Master Servicer.
Notwithstanding the foregoing, provided that a Servicing Default shall not have occurred, any Sale (as defined in Section 5.15 hereof) of the Trust Estate shall be made subject to the continued servicing of the Mortgage Loans by the Servicer as provided in the Servicing Agreement.
The Master Servicer shall immediately notify the Indenture Trustee and the Owner Trustee in writing of any Servicing Default.
Upon any waiver of a past default, such default shall cease to exist and any Servicing Default arising therefrom shall be deemed to have been remedied for every purpose of this Agreement.

More Definitions of Servicing Default

Servicing Default. Means a servicing default as described under Section 7(a) of this Agreement.

Servicing Default. Any default by the Servicer under the Servicing Agreement that is an "Event of Default" under the Servicing Agreement, as specified in Section 5.01 thereof.

Servicing Default shall have the meaning specified in Section 7.1 of the Trust Sale and Servicing Agreement.

Servicing Default has the meaning set forth in Section 7.01 of the Sale and Servicing Agreement.

Servicing Default shall occur under the ARFC/JPMorgan Chase Purchase Agreement;