Small Threshold Servicing Agreement definition
Small Threshold Servicing Agreement means a Designated Servicing Agreement (i) for which the underlying Mortgage Loans have an unpaid principal balance of less than $1,000,000, as of the end of the most recently concluded month, or (ii) that relates to fewer than 15 Mortgage Loans, as of the end of the most recently concluded calendar month.
Small Threshold Servicing Agreement has the meaning assigned such term in Section 4 of this Indenture Supplement.
Small Threshold Servicing Agreement means a Designated Servicing Agreement (i) for which the underlying Mortgage Loans have an unpaid principal balance of less than $1,000,000 or (ii) that contains at least one (1) but fewer than fifteen (15) Mortgage Loans, as of the end of the most recently concluded calendar month, to the extent that such Receivables Balance, when added to the aggregate Receivables Balance of all Receivables outstanding with respect to Small Threshold Servicing Agreements, cause the total Receivables Balance attributable to Small Threshold Servicing agreements to exceed 2.50% of the total Receivables Balances of all Receivables included in the Facility.
More Definitions of Small Threshold Servicing Agreement
Small Threshold Servicing Agreement has the meaning assigned to such term in the Pricing Side Letter.
Small Threshold Servicing Agreement means a Designated Servicing Agreement (i) for which the underlying Mortgage Loans have an unpaid principal balance of