Standby Servicer definition

Standby Servicer means Norwest Bank Minnesota, National Association, in its capacity as Standby Servicer pursuant to the terms of the Servicing Assumption Agreement or such Person as shall have been appointed Standby Servicer pursuant to Section 9.2(c).

Standby Servicer means Computershare Trust Company, National Association, and its permitted successors and assigns.

Standby Servicer means U.S. Bank National Association.

Examples of Standby Servicer in a sentence

• Any expenses incurred by the Indenture Trustee and the Standby Servicer in connection with the appointment of and transition to any successor Servicer will be indemnified pursuant to Section 6.7 of the Indenture.

• In the event that the Standby Servicer and the Servicer are unable to reconcile discrepancies with respect to a Servicer’s Certificate by the related Payment Date, the Servicer shall cause a firm of independent certified public accountants, at the Servicer’s expense, to audit the Servicer’s Certificate and, prior to the fifth (5th) calendar day of the following month, reconcile the discrepancies.

• If a successor Xxxxxxxx has not been appointed at the time when the outgoing Servicer ceases to act as Servicer after resigning or being removed in accordance with this Section, the Standby Servicer without further action will automatically be appointed the successor Servicer.

• The Standby Servicer shall have no liability for 11 Sale and Servicing Agreement (BLAST 2023-1) any actions taken or omitted by the Servicer.

• The Standby Servicer shall verify the information specified in Section 3.14(b) contained in the Servicer’s Certificate delivered by the Servicer based solely on a recalculation of the information contained in the Servicer’s Certificate, and the Standby Servicer shall notify the Servicer on or before the fifth (5th) Business Day following the Determination Date of any discrepancies.

More Definitions of Standby Servicer

Standby Servicer means a Person satisfying the eligibility criteria applicable to a Successor Servicer under Section 8.6(2) of the Pooling and Servicing Agreement who has agreed in writing to act, upon the written request of the Custodian, as the Successor Servicer in circumstances where the Co-Owners determine to replace the Servicer as a result of the occurrence of a servicer termination event described in (e) of Section 9.1;

Standby Servicer means Bankers Trust Company or such other party as may be appointed by the Trustee to stand ready to act as a Successor Servicer in the event that Gottschalks is removed as Servicer.

Standby Servicer means __________ in its capacity as Standby Servicer or such Person as shall have been appointed Standby Servicer pursuant to Section 8.03 hereof.

Standby Servicer means the Person selected by Agent to act as standby servicer in accordance with this Agreement. The Standby Servicer will be Concord Servicing Corporation.

Standby Servicer means Systems & Services Technologies, Inc., and its successors and assigns, and any successor standby servicer appointed by the Note Insurer.

Standby Servicer means Norwest Bank Minnesota, National Association, in its capacity as Standby Servicer pursuant to the terms of the Servicing Assumption Agreement or such other Person as may have been appointed Standby Servicer pursuant to Section 9.2(c).

Standby Servicer means the Standby Servicer under the Standby Servicing Agreement or another servicer acceptable to AerCo and the Rating Agencies.