Specified MSRs means the right to payments owed to the Parent and their respective Restrictive Subsidiaries, whether now or hereafter acquired or created, under each of the Servicing Agreements either (a) identified on a schedule to the Security Agreement to be agreed or (b) pursuant to which any of the Parent and their respective Restricted Subsidiaries provides Servicing for any entity and/or transaction identified under the heading “Investor Name” set forth on a schedule to the Security Agreement to be agreed, as each such schedule may be updated from time to time in accordance with the provisions of the Security Agreement; provided, however, that “Specified MSRs” shall not include any rights to repayment of Servicing Advances.
Specified MSRs means the right to payments owed to the Borrower and its Subsidiaries, whether now or hereafter acquired or created, under each of the Servicing Agreements either (a) identified on Schedule 1.01(e)(A) or (b) pursuant to which any of the Borrower and its Subsidiaries provides Servicing for any entity and/or transaction identified under the heading “Investor Name” set forth on Schedule 1.01(e)(B), as each such schedule may be updated from time to time in accordance with Section 5.01(m); provided, however, that “Specified MSRs” shall not include any rights to repayment of Servicing Advances.
Specified MSRs means the right to payments owed to Parent, the Borrower and their respective Subsidiaries, whether now or hereafter acquired or created, under each of the Servicing Agreements either (a) identified on Schedule 1.01(e)(A) or (b) pursuant to which any of Parent, the Borrower and their respective Subsidiaries provides Servicing for any entity and/or transaction identified under the heading “Investor Name” set forth on Schedule 1.01(e)(B), as each such schedule may be updated from time to time in accordance with Section 5.01(m); provided, however, that “Specified MSRs” shall not include any rights to repayment of Servicing Advances.
Examples of Specified MSRs in a sentence
For the avoidance of doubt, for purposes of the First Lien LTV Ratio and Total Secured LTV Ratio, the entering into an acknowledgement agreement consistent with this Section 5.15(c) with respect to the Specified MSR Value under the Servicing Agreements shall not in and of itself result in the Collateral Agent having a First Priority Lien on such Specified MSRs.
For the avoidance of doubt, for purposes of the First Lien LTV Ratio and Total Secured LTV RatioFinancial Covenant Ratios, the entering into an acknowledgement agreement consistent with this Section 5.15(c) with respect to the Specified MSR Value under the Servicing Agreements shall not in and of itself result in the Collateral Agent having a First Priority Lien on such Specified MSRs.
More Definitions of Specified MSRs
Specified MSRs means MSRs owned by any Grantor (other than MSRs relating to Servicing Agreements entered into with Specified Government Entities); provided, however, that “Specified MSRs” shall not include any rights to repayment of Servicing Advances.
Specified MSRs means MSRs owned by the Parent, PHH and any Grantor (other than MSRs relating to Servicing Agreements entered into with Specified Government Entities); provided, however, that “Specified MSRs” shall not include any rights to repayment of Servicing Advances.
Specified MSRs means the right to payments owed to the Borrower and its Subsidiaries, whether now or hereafter acquired or created, under each of the Servicing Agreements either (a) identified on S chedule 1.01(e)(A) or (b) pursuant to which any of the Borrower and its Subsidiaries provides Servicing for any entity and/or transaction identified under the heading “Investor Name” set forth on S chedule 1.01(e)(B), as each such schedule may be updated from time to time in accordance with Section 5.01(m); provided, h owever, that “Specified MSRs” shall not include any rights to repayment of Servicing Advances.
Specified MSRs means any MSRs of the Borrower and its Subsidiaries, whether now or hereafter acquired or created, either (a) identified on Schedule 1.01(e)(A) or (b) pursuant to which any of the Borrower or its Subsidiaries provides Servicing for any entity and/or transaction identified under the heading “Investor Name” set forth on Schedule 1.01(e)(B), as each such schedule may be updated from time to time in accordance with Section 5.01(m); provided, however, that “Specified MSRs” shall not include any rights to repayment of Servicing Advances.