Substitute Servicer definition

Substitute Servicer means at any given time the entity then appointed as Servicer under clause 18.6.
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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.
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Substitute Servicer means an entity appointed to replace the Servicer following the termination of the appointment of the Servicer.
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Examples of Substitute Servicer in a sentence

  • The Servicer and the Manager must (subject to the Privacy Act and the Servicer's duty of confidentiality to its customers under general law or otherwise) provide the Substitute Servicer with copies of all paper and electronic files, information and other materials as the Trustee or the Substitute Servicer may reasonably request within 90 days of the removal or retirement of the Servicer in accordance with this clause 18.

  • The Majority Holders may remove the Servicer and/or replace the Servicer with a Substitute Servicer.

  • The Servicer may accept a payment or benefit, in connection with its retirement or removal, from the Substitute Servicer.

  • Upon any retirement, termination or appointment of a Substitute Servicer pursuant to this clause 18, the Trustee will give or cause to be given prompt notice of that retirement, termination or appointment to the Manager, the Class A-1 Note Trustee, the Securityholders and the Rating Agencies.

  • Upon any retirement, termination or appointment of a Substitute Servicer pursuant to this clause 18, the Trustee will give or cause to be given prompt notice of that retirement, termination or appointment to the Manager, the Offered Note Trustee, the Securityholders and the Rating Agencies.

  • All costs and expenses incurred by any party associated with the voluntary retirement of the Servicer in relation to a Series Trust pursuant to this Clause 4.3 and the appointment of a Substitute Servicer in relation to that Series Trust will be borne by Servicer and will neither be costs nor expenses of that Series Trust.

  • The Servicer and the Manager must provide the Substitute Servicer in relation to the Series Trust with copies of all paper and electronic files, information and other materials as the Trustee or the Substitute Servicer may reasonably request within five Business Days of the removal or retirement of the Servicer in accordance with this Clause 4.

  • Substitute Servicer means a person appointed to act in the place of the Servicer in accordance with Clause 4.

  • Upon any retirement, termination or appointment of a Substitute Servicer pursuant to this clause 18, the Trustee will give or cause to be given prompt notice of that retirement, termination or appointment to the Manager, the US Dollar Note Trustee, the Securityholders and the Rating Agencies.

  • All fees and reimbursable expenses and other amounts due the Substitute Servicer as reflected on a Monthly Servicing Report shall be paid to the Substitute Servicer on the related Payment Date.


More Definitions of Substitute 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.
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Substitute Servicer as defined in subsection 12.2(d) of the Receivables Transfer Agreement.
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Substitute Servicer has the meaning set out in the Back-Up Servicer Agreement.
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Substitute Servicer means an entity appointed as Servicer under clause 3.4 of the Master Servicer Deed.
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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.
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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.
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Related to Substitute Servicer

  • 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.

  • Subservicer means any Person that services Receivables on behalf of the Servicer or any Subservicer and is responsible for the performance (whether directly or through Subservicers or Subcontractors) of a substantial portion of the material servicing functions required to be performed by the Servicer under this Agreement that are identified in Item 1122(d) of Regulation AB.

  • Successor Servicer has the meaning specified in Section 3.07(e).

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

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

  • Substitute care means the out-of-home placement of a child or young adult who is in the legal or physical custody and care of the Department.

  • Substitute Purchaser is defined in Section 21.

  • Back-Up Servicer means, initially, Xxxxx Fargo Bank, National Association, and at any other time, the Person then acting as “Back-up Servicer” pursuant to and in accordance with the Back-up Servicing Agreement.