Subsequent Master Servicer definition

Subsequent Master Servicer means the master servicer under any Subsequent PSA.
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Subsequent Master Servicer with respect to any Pari Passu Companion Loan shall mean the master servicer under the securitization of such Pari Passu Companion Loan.
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Subsequent Master Servicer. Litton Loan Servicing XX, x Delaware limited partnership, or any successor master servicer appointed as herein provided, in its capacity as Master Servicer hereunder.
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Examples of Subsequent Master Servicer in a sentence

  • Each of the Master Servicer and the Special Servicer acknowledges that upon the securitization of a Serviced Pari Passu Companion Loan, the Subsequent Trustee will be the owner of such Mortgage Note and that, pursuant to the Subsequent PSA, the Subsequent Master Servicer will be entitled to enforce the rights of the Subsequent Trustee with respect to such Loan under the related Co-Lender Agreement and this Agreement.

  • Any Subsequent Master Servicer and Subsequent Trustee shall be a third party beneficiary to this Agreement solely with respect to the recoverability of any back-up P&I Advances pursuant to Section 3.05A, and to the extent required under the related Co-Lender Agreement.

  • First Distribution Date: November 25, 1998 Subsequent Master Servicer: Litton Loan No. 1 Servicing LP Trustee: The Chase Manhattan Bank Closing Date: October 30, 1998 CUSIP: DISTRIBUTIONS IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE MAY BE MADE MONTHLY AS SET FORTH HEREIN.

  • Any Subsequent Master Servicer, Subsequent Trustee and Subsequent Fiscal Agent shall be a third party beneficiary to this Agreement solely with respect to the recoverability of any back-up P&I Advances pursuant to Section 3.05A, and to the extent required under the related Co-Lender Agreement.

  • Nothing contained in this Agreement shall be construed to mean that the Subsequent Master Servicer is assuming liability for any action taken (or not taken) by the Initial Master Servicer as Master Servicer.

  • On the Master Servicing Termination Date, the Initial Master Servicer shall transfer to the Subsequent Master Servicer the servicing files with respect to the Mortgage Loans, any amounts in the Servicing Accounts with respect to the Mortgage Loans, and any amount in the Collection Account with respect to the Mortgage Loans.

  • If the Master Servicer has received notice that a Subsequent Master Servicer no longer has Rating Agency Approval, then the Master Servicer shall not be required to abide by any determination of nonrecoverability by such Subsequent Master Servicer.

  • If the Trustee or the Master Servicer has received notice from Fitch and Moody's that the Master Servicer no xxxxxx has Rating Agency Approval, then such party shall promptly notify the other, the Special Servicer and the applicable Lead Master Servicer or Subsequent Master Servicer of the same.

  • If the Trustee or the Master Servicer has received notice from S&P or Fitch that the Master Servicer no longer has Rating Agency Approval, then such party shall promptly notify the other, the Special Servicer or Subsequent Master Servicer of the same.

  • If the Master Servicer has received notice that a Lead Master Servicer or a Subsequent Master Servicer no longer has Rating Agency Approval, then the Master Servicer shall not be required to abide by any determination of nonrecoverability by such Lead Master Servicer or Subsequent Master Servicer.


More Definitions of Subsequent Master Servicer

Subsequent Master Servicer. Litton Loan Servicing LP Trustee: The Chase Manhattan Bank Closing Date: October 30, 1998 CUSIP: DISTRIBUTIONS IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE MAY BE MADE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING CERTIFICATE PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN BELOW.
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Related to Subsequent Master Servicer

  • Master Servicer means the master servicer appointed as provided in the Lead Securitization Servicing Agreement.

  • Sub-Servicer Any Person with which the Master Servicer has entered into a Sub-Servicing Agreement and which meets the qualifications of a Sub-Servicer pursuant to Section 3.02.

  • The Master Servicer has fully furnished and shall continue to fully furnish, in accordance with the Fair Credit Reporting Act and its implementing regulations, accurate and complete information (e.g., favorable and unfavorable) on its borrower credit files to Equifax, Experian and Trans Union Credit Information Company or their successors on a monthly basis; and

  • Other Master Servicer means the applicable other “master servicer” under an Other Companion Loan Pooling and Servicing Agreement relating to a Non-Serviced Companion Loan or a Serviced Companion Loan, as applicable.

  • Note A-2 Master Servicer means the master servicer under the Note A-2 PSA.

  • Successor Master Servicer The meaning ascribed to such term pursuant to Section 8.02.

  • Note A-1 Master Servicer means the master servicer under the Note A-1 PSA.

  • Non-Lead Master Servicer means the “master servicer” under any Non-Lead Securitization Servicing Agreement.

  • Note A-4 Master Servicer means the master servicer under the Note A-4 PSA.

  • Special Servicer means the applicable special servicer with respect to the Mortgage Loan appointed as provided in the Lead Securitization Servicing Agreement.

  • Note A-3 Master Servicer means the master servicer under the Note A-3 PSA.

  • Master Servicer Servicing Personnel The divisions and individuals of the Master Servicer who are involved in the performance of the duties of the Master Servicer under this Agreement.

  • Servicer means the Master Servicer or the Special Servicer, as the context may require.

  • Mortgage Loan Seller Sub-Servicer A Sub-Servicer required to be retained by the Master Servicer by a Mortgage Loan Seller, as listed on Exhibit S to this Agreement, or any successor thereto.

  • Primary Servicer Prudential Asset Resources, Inc., or any successor thereto (as primary servicer) appointed as provided in the Primary Servicing Agreement.

  • Interim Servicer The servicer under the Interim Servicing Agreement, or its successor in interest, or any successor to the Interim Servicer under the Interim Servicing Agreement, as therein provided.

  • Special Servicer Servicing Personnel The divisions and individuals of the Special Servicer who are involved in the performance of the duties of the Special Servicer under this Agreement.

  • FTPS Unit Servicing Agent means FTP Services LLC or any successor FTPS Unit servicing agent appointed as hereinafter provided."

  • Other Servicer The applicable other “master servicer” under an Other Pooling and Servicing Agreement relating to a Serviced Companion Loan.

  • Outside Servicer With respect to an Outside Serviced Mortgage Loan, the master servicer under the applicable Outside Servicing Agreement.

  • Shareholder Servicing Agent shall have the meaning designated in Section 5.2(f) hereof.

  • Master Servicing Agreement means the master servicing agreement entered into on 20 May 2013 between the Guarantor, the Issuer and the Master Servicer.

  • Countrywide Servicing Agreement Solely with respect to the Countrywide Mortgage Loans, the Mortgage Loan Purchase and Servicing Agreement, dated as of November 1, 2001, between the Transferor, as purchaser, and Countrywide, as seller and as servicer (as successor to Countrywide Home Loans, Inc. by an assignment dated January 1, 2001, as the same may be amended or supplemented), as the same may be amended from time to time, and any assignments and conveyances related to the Countrywide Mortgage Loans.

  • Interim Servicing Period The period from the Closing Date to the related Servicing Transfer Date.

  • Primary Servicing Agreement means the agreement between the Primary Servicer and the General Master Servicer, dated as of March 1, 2007, under which the Primary Servicer services the Mortgage Loans set forth on the schedule attached thereto.

  • Initial Servicer means CarMax.