Servicing Transfer Date definition

Servicing Transfer Date. The date on which a Servicing Transfer occurs.

Servicing Transfer Date. With respect to any Mortgage Loan, the date on which servicing of such Mortgage Loan was transferred to the applicable Servicer (as set forth on the Mortgage Loan Schedule).

Servicing Transfer Date. The date or dates, set forth in the related PPTL, when the Servicer will begin servicing the Mortgage Loans for the benefit of the Purchaser.

Examples of Servicing Transfer Date in a sentence

• The first such reports shall cover the period commencing on the Closing Date (and for each Loan, covering the period from the applicable Servicing Transfer Date) and continuing through the end of the 2010 Fiscal Year.

• For all Loan Proceeds with respect to any Group of Loans received by the Receiver during the Interim Servicing Period for which the Servicing Transfer Date has not occurred, the Receiver shall transfer any such Loan Proceeds, net of any Servicing Expenses and Pre-Approved Charges then due and payable, no later than two (2) Business Days prior to the applicable Distribution Date to the Paying Agent for deposit into the Collection Account.

• For all Loan Proceeds with respect to any Group of Loans received after the Interim Servicing Period and for which the Servicing Transfer Date has occurred, the Company shall transfer, or cause the Servicer or Subservicer to transfer, all Loan Proceeds within two (2) Business Days of receipt of such funds to the Paying Agent for deposit into the Collection Account.

• In the event a Servicer or any Subservicer was terminated, resigned or otherwise performed in such capacity for only part of a year (or other applicable period, as the case may be, with respect to the period commencing, with respect to any Loan, on the applicable Servicing Transfer Date through the end of the 2010 calendar year), such party shall provide an officer’s certificate pursuant to this Section 7.4(b) with respect to such portion of the year (or other applicable period).

• The first such officer’s certificate shall, with respect to any Loan, shall cover the period commencing on the Closing Date (and with respect to each Loan, including relevant information with respect thereto for the period commencing on the Servicing Transfer Date for such Loan) and continuing through the end of the 2010 calendar year.

More Definitions of Servicing Transfer Date

Servicing Transfer Date means the effective date of a transfer of servicing from the Servicer to a Successor Servicer, as provided in Section 10 of this Agreement.

Servicing Transfer Date. The Business Day next succeeding the expiration of the Transfer Period.

Servicing Transfer Date. With respect to each Servicing Agreement, the date on which all of the Third Party Consents related to such Servicing Agreement necessary to transfer the related Servicing Rights to Purchasers are received or such later date mutually agreed to by Seller and Purchasers.

Servicing Transfer Date. The date on which a Servicing Transfer occurs. Subcontractor: Any vendor, subcontractor or other Person (determined solely by the Servicer) that is not responsible for the overall servicing (as “servicing” is commonly understood by participants in the mortgage-backed securities market) of the Mortgage Loans but performs one or more discrete functions identified in Item 1122(d) of Regulation AB with respect to the Mortgage Loans under the direction or authority of the Servicer or a related Subservicer.

Servicing Transfer Date. The date on which the Servicer begins servicing the related Mortgage Loans pursuant to this Servicing Agreement.

Servicing Transfer Date means the date on which a Successor Servicer has assumed all of the duties and obligations of the Servicer under the Sale and Servicing Agreement (other than in the case of the Back-up Servicer, any such duty or obligation that it is not required to assume under the terms of the Back-up Servicing Agreement) after the resignation or termination of the Servicer.

Servicing Transfer Date. As defined in Section 5.04.