Servicing Rights Owner definition

Servicing Rights Owner. GCFP or any successor or assign of GCFP.

Servicing Rights Owner. The owner of the servicing rights under any Servicing Agreement.

Servicing Rights Owner. With respect to the SRO Mortgage Loans, GCFP or any successor or assign of GCFP.

Examples of Servicing Rights Owner in a sentence

• Any termination fees owed to the terminated SRO Servicer and any reasonable costs and expenses of the Master Servicer incurred in connection with such termination and transfer of servicing shall be paid by the Servicing Rights Owner.

• Notwithstanding the foregoing, on or after the Closing Date, the Servicer or the Servicing Rights Owner may pledge and assign all of its right, title and interest in, to and under this Agreement to one or more lenders (“Servicing Rights Pledgees”) selected by the Servicer or the Servicing Rights Owner.

• Any proceeds remaining after such costs and expenses have been paid for by the terminated Servicer, shall be the property of the terminated Servicer, the Servicing Rights Owner or the Servicing Rights Pledgee, as applicable.

• Notwithstanding the foregoing, if a Servicer Event of Default occurs, the Servicer, the Servicing Rights Owner or the Servicing Rights Pledgee shall have a period of up to twenty (20) days after receipt of a notice of termination to appoint an Approved Servicer as Successor Servicer.

• All costs and expenses associated with the appointment, whether or not consummated, and the subsequent transfer of servicing (which must be completed within 100 days after receipt by the Servicer of a notice of termination) are required to be paid by the terminated Servicer, the Servicing Rights Owner or the Servicing Rights Pledgee out of the proceeds of sale or otherwise.

More Definitions of Servicing Rights Owner

Servicing Rights Owner. The Servicer or an Affiliate of the Servicer that has acquired or may acquire ownership of the servicing rights associated with the servicing rights and obligations under the Servicing Agreement.

Servicing Rights Owner. NovaStar Mortgage, Inc., or its transferee or assignee, in its capacity as owner of the servicing rights with respect to the Mortgage Loans.

Servicing Rights Owner. With respect to the Wilshire Loans and PHH Loans, MLML, or its transferee or assignee, in its capacity as owner of the servicing rights.

Servicing Rights Owner. Terwin Advisors LLC, or its transferee or assignee, in its capacity as owner of the servicing rights with respect to the Mortgage Loans.

Servicing Rights Owner. The Person to whom the Servicing Rights are transferred at any time, which Person may or may not be the Purchaser of the Mortgage Loans hereunder, and which Person will, on the related Closing Date, be the Purchaser.

Servicing Rights Owner. With respect to the SRO Mortgage Loans, the Sponsor or any successor or assign of the Sponsor.

Servicing Rights Owner or “SRO Owner”: GCFP or any successor or assign of GCFP.