Substitute Servicer means the successor to the Servicer which may be appointed by the Guarantor, upon the occurrence of a Servicer Termination Event, pursuant to clause 8.4 (Sostituto del Servicer) of the Servicing Agreement.

Substitute Servicer means at any given time the entity then appointed as Servicer under clause 18.6.

Substitute Servicer means at any given time the entity then appointed as Servicer under clause 18.

Examples of Substitute Servicer in a sentence

If the appointment of the Servicer is terminated in accordance with the Servicing Agreement there is no guarantee that a Back-Up Servicer canbecome active or a Substitute Servicer (as applicable) can be appointed within a reas onable timeframe or at all that provides for at least equivalent services at materially the same costs.
Any delay or inability to appoint a Back-up Servicer or a Substitute Servicer may affect payments on the Notes.
There can be no assurance that the Back-up Servicer (if appointed) or a Substitute Servicer who is able and willing to service the Portfolios could be found.
The Majority Holders may remove the Servicer and/or replace the Servicer with a Substitute Servicer.
It is difficult for any program to lose a much loved faculty member who served our campus for over twenty years.

More Definitions of Substitute Servicer

Substitute Servicer means an entity appointed to replace the Servicer following the termination of the appointment of the Servicer.

Substitute Servicer means the successor of the Servicer upon the occurrence of a Servicer Termination Event, which may be appointed by the Guarantor pursuant to Article 10.6 of the Servicing Agreement.

Substitute Servicer as defined in subsection 12.2(d) of the Receivables Transfer Agreement.

Substitute Servicer has the meaning set out in the Back-Up Servicer Agreement.

Substitute Servicer means an entity appointed as Servicer under clause 3.4 of the Master Servicer Deed.

Substitute Servicer means the person who assumes the tasks of the Seller with regard to the collection of Purchased Receivables and the realisation of the Accessory Related Security in the event that the Seller ceases, or is no longer permitted to collect Purchased Receivables pursuant to the Master Receivables Purchase Agreement.

Substitute Servicer means, with reference to each Servicer, the substitute which will be appointed upon the occurrence of a Servicer Termination Event pursuant to clause 10.6 of the Master Servicing Agreement.