Servicing Tape definition

Servicing Tape shall have the meaning specified in Exhibit III-A hereto.
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Servicing Tape or to the extent any Servicer does not provide any such Servicing Tape, a remittance report containing the servicing information that would otherwise be set forth in the Servicing Tape, (c) a listing of all Purchased Loans reflecting (i) the payment status of each Purchased Loan and any material changes in the financial or other condition of the related Mortgagor, Purchased Loan or the Mortgaged Property collateralizing such Purchased Loan, including, without limitation, any new or ongoing litigation, and (ii) to either Seller’s actual knowledge, any representation and/or warranty breaches under the underlying loan documentation related to any Purchased Loan, (d) a listing of any existing defaults, or events that potentially may become defaults, under the Purchased Loan Documents related to each Purchased Loan, (e) all other information as Buyer, from time to time, may reasonably request with respect to the applicable Seller or any Mortgagor, Purchased Loan or Mortgaged Property collateralizing any Purchased Loan; provided that any item that is required to be delivered pursuant to this clause (e), is equally able to be required to be delivered to the applicable Seller at the request of such Seller or otherwise pursuant to the Purchased Loan Documents related to such Purchased Loan, as applicable, and (f) to the extent that there exists a mezzanine loan related to a Purchased Loan, all notices and other reporting items received by the applicable Seller or its Affiliates in connection with such mezzanine loan, a listing of any existing “events of default” (however defined), defaults, or events that potentially may become defaults, under the related mezzanine loan documentation, and a listing of any existing “events of default” (however defined), defaults, or events that potentially may become defaults under any intercreditor documentation relating to such mezzanine loan and the applicable Purchased Loan.
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Servicing Tape shall have the meaning specified in the definition of “Monthly Reporting Package.”
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Examples of Servicing Tape in a sentence

  • At the end of each Business Day, all servicing data related to the Mortgage Loans will be saved in an electronic medium (the "SLS Servicing Tape") in a format that is easily uploaded to the system of the Backup Servicer.

  • At the end of each Business Day, all servicing data related to the Mortgage Loans serviced by SLS will be saved in an electronic medium (the "SLS Servicing Tape") in a format that is easily uploaded to the systems of both the Master Servicer and the Backup Servicer.

  • The unpaid principal balance per the Post-Signing CGL Servicing Tape shall be greater than $4.63 billion, and the GPF Parties shall have received a certificate of the Chief Executive Officer of CGL certifying to such effect.

  • At the end of each Business Day, all servicing data related to the Mortgage Loans serviced by SLS will be saved in an electronic medium (the "SLS Servicing Tape") in a format that is easily uploaded to the system of the Backup Servicer.

  • SLS Servicing Tape; Storage and Access to Servicing Tape........................

  • The unpaid principal balance per the Post-Signing GPF Servicing Tape shall be greater than $4.68 billion, and CGL shall have received a certificate of the Chief Executive Officer of GPF and of the Chief Executive Officer of W&D certifying as to such effect.

  • The Seller shall prepare, as of the 15th calendar day (or if such 15th day is not a Business Day, the Business Day immediately preceding such 15th day) of each month (the "Servicing Cut-Off Date"), a computer readable magnetic tape containing servicing information, including without limitation those fields reasonably requested by the Buyer from time to time, on a loan-by-loan basis, with respect to the Mortgage Loans serviced hereunder by the Seller or any Servicer (the "Servicing Tape").

  • Servicing Tape; Storage and Access to Servicing Tape....................................

  • For the purpose of comparing the "Reserve/Escrow Information" characteristics, the "Servicing Tape" Source Document provided by Freddie Mac, on behalf of the Trust and Depositor, is a Microsoft Excel file labelled "K056 Servicer Escrow Template DISTRO.xlsx" that was provided on 15 July 2016.

  • The Borrowers shall deliver the Servicing Tape to the Lender within 2 Business Days after the Servicing Cut-off Date.


More Definitions of Servicing Tape

Servicing Tape. The meaning specified in the definition of “Monthly Statement”.
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Related to Servicing Tape

  • Primary Servicing Agreement means, with respect to each Primary Servicer, the agreement between such Primary Servicer and the Master Servicer, dated as of August 1, 2004, under which such Primary Servicer services the Mortgage Loans and, if applicable, the Serviced Companion Loan set forth on the schedule attached thereto.

  • Backup Servicing Agreement means the Amended and Restated Backup Servicing Agreement dated as of the Closing Date among the Borrower, the Servicer, the Administrative Agent and the Backup Servicer, as amended by that certain Amendment No. 1 to Backup Servicing Agreement dated as of April 14, 2009, as the same may from time to time be further amended, restated, supplemented, waived or modified.

  • Servicing Agreement means such subsequent Servicing Agreement; provided, however, that until a replacement Servicing Agreement has been entered into (and such written confirmation has been obtained), the Note A-1 Holder shall cause the Mortgage Loan to be serviced pursuant to the provisions of the Servicing Agreement as if such agreement was still in full force and effect with respect to the Mortgage Loan; provided, further, however, that until a replacement Servicing Agreement is in place, the actual servicing of the Mortgage Loan may be performed by any Qualified Servicer appointed by the Note A-1 Holder and does not have to be performed by the service providers set forth under the Servicing Agreement that was previously in effect.