Servicing-Retained Bid definition
Servicing-Retained Bid. As defined in Section 7.01(c).
Servicing-Retained Bid shall have the meaning assigned thereto in Section 7.01(c).
Servicing-Retained Bid. As defined in SECTION 7.01(c).
Examples of Servicing-Retained Bid in a sentence
The Trustee shall select the Qualified Bidder with the highest cash Servicing-Retained Bid (or, if none, the highest cash Servicing Released Bid) (the “Successful Bidder”) to act as successor Servicer hereunder.
The Trustee shall direct the Successful Bidder to enter into this Agreement as successor Servicer pursuant to the terms hereof (and, if the successful bid was a Servicing-Retained Bid, to enter into a Sub- Servicing Agreement with the terminated Servicer as contemplated above), no later than 45 days after the termination of the terminated Servicer.