Subservicer Instruction Letter means an instruction letter to a Subservicer in form and substance agreed to by Seller and Administrative Agent.
Subservicer Instruction Letter means a letter agreement between Seller and each Subservicer substantially in the form of Exhibit H.
Subservicer Instruction Letter means a letter agreement among the Borrower, the Administrative Agent and an Approved Subservicer substantially in the form of Exhibit B to this Agreement or otherwise in form and substance reasonably satisfactory to the Administrative Agent.
Examples of Subservicer Instruction Letter in a sentence
The Seller shall, prior to the initial Purchase Date of Purchased Loans serviced by any Subservicer, provide to the Buyers a Subservicer Instruction Letter addressed to and agreed to by such Subservicer of the related Purchased Loans.
Seller shall, prior to the initial Purchase Date of Mortgage Loans serviced by each Subservicer, provide to Buyers a Subservicer Instruction Letter addressed to and agreed to by any Subservicer of the related Purchased Loans.
Seller shall, prior to the initial Purchase Date of Mortgage Loans serviced by any Subservicer, provide to Buyers a Subservicer Instruction Letter addressed to and agreed to by such Subservicer of the related Purchased Loans.
Borrower shall not use a subservicer, other than the Subservicer, with respect to any Mortgage Loan without Lender’s prior written consent and unless such subservicer is approved to subservice by an Applicable Agency; provided that Lender shall be deemed to consent to such subservicer if the subservicer is an Approved Subservicer and such Approved Subservicer enters into a Subservicer Instruction Letter pursuant to Section 7.01(r) herein.
The Parties acknowledge and agree that as of the date of this Agreement, Seller has engaged Cenlar FSB as Subservicer to perform Seller’s obligations to interim service a portion of the Purchased Mortgage Loans, and Buyer consents to Cenlar FSB acting as Subservicer, provided that Cenlar FSB and Seller execute a Subservicer Instruction Letter.
More Definitions of Subservicer Instruction Letter
Subservicer Instruction Letter means an instruction letter to a Subservicer in form and substance reasonably agreed to by the Seller and the Agent. “Subsidiary” means any corporation, association or other business entity (including a trust) in which any Person (directly or through one or more other Subsidiaries or other types of intermediaries), owns or controls: (a) more than fifty percent (50%) of the total voting power or shares of stock entitled to vote in the election of its directors, managers or trustees; or (b) more than ninety percent (90%) of the total assets and more than ninety percent (90%) of the total equity through the ownership of capital stock (which may be non-voting) or a similar device or indicia of equity ownership. “Swing Line” means the short-term revolving discretionary Mortgage Loans purchase facility provided for in Section 2.4 under which JPMorgan Chase may, in its sole discretion, fund (as “Swing Line Purchases”) purchases of Eligible Loans to bridge the Seller’s daily Transactions. “Swing Line Buyer” means JPMorgan Chase in its role as Buyer for Swing Line Transactions. “Swing Line Limit” means One Hundred Million Dollars ($100,000,000). “Swing Line Refunding Due Date” for each Transaction funded under the Swing Line means the Business Day on which the Swing Line Buyer shall elect to have such Swing Line Transaction funded by the Buyers pursuant to Section 2.5, or on the next Business Day thereafter if the Buyers are notified of such request after 3:00 p.m. (Houston, Texas time) on such Business Day, provided that the Swing Line Refunding Due Date shall occur not less frequently than once per week. “Swing Line Transaction” means a Transaction funded by the Swing Line Buyer under the Swing Line. “Tangible Net Worth” means, with respect to any Person on any day, the sum of total shareholders’ or members’ equity in such Person (including capital stock or member interests, additional paid-in capital and retained earnings, but excluding treasury stock, if any), each as determined in accordance with GAAP on a consolidated basis; provided that, for purposes of this definition, there shall be excluded from assets the following: the aggregate book value of all intangible assets of such Person (as determined in accordance with GAAP), including goodwill, trademarks, trade names, service marks, copyrights, patents, licenses, franchises, capitalized servicing rights, excess capitalized servicing rights, each to be determined in accordance with GAAP consistent with those...
Subservicer Instruction Letter means a letter agreement between Seller and each Subservicer substantially in the form of Exhibit G or such other form as shall be reasonably acceptable to Buyer.
Subservicer Instruction Letter has the meaning set forth in Section 7.01(r). “Subservicing Agreement” means any subservicing agreement between Borrower and any Subservicer. Any Subservicing Agreement between Borrower and Subservicer with respect to the Freddie Mac Servicing Contract and the Pledged Servicing Rights shall be an Approved Subservicing Agreement and shall be deemed a Subservicing Agreement.
Subservicer Instruction Letter means an instruction letter to a Subservicer in form and substance reasonably agreed to by the Seller and the Agent. “Subsidiary” means any corporation, association or other business entity (including a trust) in which any Person (directly or through one or more other Subsidiaries or other types of intermediaries), owns or controls: (a) more than fifty percent (50%) of the total voting power or shares of stock entitled to vote in the election of its directors, managers or trustees; or (b) more than ninety percent (90%) of the total assets and more than ninety percent (90%) of the total equity through the ownership of capital stock (which may be non-voting) or a similar device or indicia of equity ownership. “Supplemental Papers” means the Loan Papers for a particular Loan other than its Basic Papers. “Swing Line” means the short term revolving discretionary Mortgage Loans purchase facility provided for in Section 2.4 under which Comerica Bank may, in its sole discretion, fund (as “Swing Line Purchases”) purchases of Eligible Loans to bridge the Seller’s daily Transactions.
Subservicer Instruction Letter means an instruction letter to a Subservicer in form and substance reasonably agreed to by the Seller and the Agent. “Subservicer Field” means, with respect to an eNote, the field entitled, “Subservicer” in the MERS eRegistry. “Subsidiary” means any corporation, association or other business entity (including a trust) in which any Person (directly or through one or more other Subsidiaries or other types of intermediaries), owns or controls: (a) more than fifty percent (50%) of the total voting power or shares of stock entitled to vote in the election of its directors, managers or trustees; or (b) more than ninety percent (90%) of the total assets and more than ninety percent (90%) of the total equity through the ownership of capital stock (which may be non-voting) or a similar device or indicia of equity ownership. “Super Jumbo Mortgage Loan” means a Mortgage Loan that (a) would be a Conforming Mortgage Loan except that the original principal amount is more than the maximum Agency loan amount, more than Two Million Dollars ($2,000,000) and less than Three Million Dollars ($3,000,000), (b) the obligor of such Mortgage Loan has a FICO Score of not less than 680, and (c) is not a Jumbo Mortgage Loan. “Super Jumbo Loan Sublimit” is defined in Section 4.2(c). “Supplemental Papers” means the Loan Papers for a particular Loan other than its Basic Papers.
Subservicer Instruction Letter means an instruction letter to a Subservicer in form and substance agreed to by Seller andAgent.
Subservicer Instruction Letter means a letter agreement between Seller and each Subservicer in a form mutually acceptable to Buyer and Seller. “Subservicing Agreement” is defined in subparagraph 12(b)(ii). “Subsidiary” means any corporation, association or other business entity in which more than fifty percent (50%) of the total voting power or shares of stock (or equivalent equity interest)