Substitute Master Servicer means the successor to the Master Servicer which may be appointed by the Guarantor, upon the occurrence of a Master Servicer Termination Event, pursuant to clause 8.1.1 (Sostituto del Master Servicer) of the Master Servicing Agreement.
Examples of Substitute Master Servicer in a sentence
In case that any of the Master Services Agreements, the Sub-Servicing Agreements, or the Bond Administration Agreement are terminated and a new agreement with a Substitute Master Servicer or a Substitute Sub-Manager has not been executed, as the case may be, within the periods provided in those agreements; 11.