Servicing Termination Events. As defined in Section 6(e).
Servicing Termination Events. Shall have the meaning ascribed thereto in Section 5(e) of this Agreement.
Servicing Termination Events wherever used herein, means any one of the following events:
Examples of Servicing Termination Events in a sentence
The Trustee, prior to the occurrence of a Servicing Termination Event of which a Responsible Officer of the Trustee has actual knowledge and after the curing of all Servicing Termination Events which may have occurred, undertakes to perform such duties and only such duties as are specifically set forth in this Agreement.
The Trustee, prior to the occurrence of a Servicing Termination Event and after the curing of all Servicing Termination Events which may have occurred, undertakes to perform such duties and only such duties as are specifically set forth in this Agreement.
Notice of Events of Default and Servicing Termination Events 23 Section 3.18.
Notice of Events of Default and Servicing Termination Events 22 Section 3.18.
More Definitions of Servicing Termination Events
Servicing Termination Events. The meaning set forth in Section 5(e) hereof.
Servicing Termination Events means any of the events set out Clause 20.1 of the Servicing Agreement.
Servicing Termination Events means any of the events set out Clause 20.1 of the Servicing Agreement. Shortfall has the meaning ascribed thereto in the Clause 8.1 of the Trust Deed. Short-Term Issuer Credit Rating means the short-term issuer credit rating as used by S&P in its rating methodology. Special Conditions means, in relation to any Series of Covered Bonds, the Conditions applicable thereto which are not in the form set out in the Trust Deed.
Servicing Termination Events shall have the meaning given to such term in Section 4(d) of the Loan Participation Agreement.
Servicing Termination Events shall have the meaning assigned thereto in Section 6(e). “Settlement Date” means the date specified in a Takeout Commitment upon which the related Security is scheduled to be delivered to the specified Takeout Investor on a “delivery versus payment” basis. “SOFR” means a rate per annum equal to, with respect to any day, the secured overnight financing rate for such Business Day published by the Federal Reserve Bank of New York (or a successor administrator of the secured overnight financing rate) on the website of the Federal Reserve Bank of New Yorkpublished for such day by the SOFR Administrator on the SOFR Administrator’s website, currently at xxxx://xxx.xxxxxxxxxx.xxx (, or any successor source for the secured overnight financing rate identified as such by the administrator of the secured overnight financing rateSOFR Administrator from time to time).20212829 “SOFR Administrator” means the Federal Reserve Bank of New York, as administrator of SOFR (or a successor administrator).30 “Strict Compliance” means compliance of Seller and the Related Mortgage Loans with the requirements of the Agency Guide as amended by any agreements between Seller or a Takeout Investor, on the one hand, and the Applicable Agency, on the other hand, sufficient to enable Seller to issue and to service and Xxxxxx Mae to guarantee or Xxxxxx Xxx or Xxxxxxx Mac to issue and guarantee a Security. “Subsidiary” means, with respect to any Person, any corporation, partnership or other entity of which at least a majority of the securities or other ownership interests having by the terms thereof ordinary voting power to elect a majority of the board of directors or other persons performing similar functions of such corporation, partnership or other entity (irrespective of whether or not at the time securities or other ownership interests of any other class or classes of 20 The definition of “SOFR” was amended by Amendment No. 1, dated as of September 24, 2021. 2128 The definition of “SOFR Based Rate” was removedamended by Amendment No. 1, dated as of September 24, 2021., and Amendment No. 2, dated as of April 28, 2022. 29 The definition of “SOFR Based Rate” was deleted by Amendment No. 1, dated as of September 24, 2021. 30 The definition of “SOFR Administrator” was added Amendment No. 2, dated as of April 28, 2022.