Successor Backup Servicer definition

Successor Backup Servicer has the meaning specified in Section 2.4(b).
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Successor Backup Servicer shall have the meaning given to such term in Section 8.10(a).
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Successor Backup Servicer has the meaning given to such term in subsection 5.25(a).
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Examples of Successor Backup Servicer in a sentence

  • The Indenture Trustee shall as promptly as possible after the giving of a Backup Servicer Termination Notice, to appoint a Successor Backup Servicer (the “Successor Backup Servicer”) and such Successor Backup Servicer shall accept its appointment by a written assumption in a form acceptable to the Indenture Trustee and Owner Trustee.

  • The Indenture Trustee shall as promptly as possible after the giving of a Backup Servicer Termination Notice appoint a Successor Backup Servicer (the “Successor Backup Servicer”), and such Successor Backup Servicer shall accept its appointment by a written assumption in a form acceptable to the Indenture Trustee and Owner Trustee.

  • In the event that a Successor Backup Servicer is appointed, the outgoing Backup Servicer shall deliver to the Successor Backup Servicer and the Successor Backup Servicer shall hold in trust for the Trust Collateral Agent all records which evidence or relate to all or any part of the Trust Estate.

  • Upon any termination or appointment of a Successor Servicer or Successor Back-up Servicer pursuant to this Article V, the Collateral Agent shall give prompt written notice thereof to the Noteholder at its address as provided in the Note Purchase Agreement.

  • Section 5.25 Appointment of Successor Backup Servicer; Successor Backup Servicer to Act.

  • Such backup servicing agreement shall specify the duties and obligations of the Successor Backup Servicer, and all references herein and in the Sale and Servicing Agreement to the Backup Servicer shall be deemed to refer to such Successor Backup Servicer.

  • The Indenture Trustee shall as promptly as possible after the giving of a Backup Servicer Termination Notice, to appoint a Successor Backup Servicer (the Successor Backup Servicer) and such Successor Backup Servicer shall accept its appointment by a written assumption in a form acceptable to the Indenture Trustee and the Trust.

  • The Indenture Trustee shall as promptly as possible after the giving of a Backup Servicer Termination Notice appoint a Successor Backup Servicer (the "Successor Backup Servicer"), and such Successor Backup Servicer shall accept its appointment by a written assumption in a form acceptable to the Indenture Trustee and Owner Trustee.

  • Appointment of Successor Backup Servicer; Successor Backup Servicer to Act 120 ARTICLE 9.


More Definitions of Successor Backup Servicer

Successor Backup Servicer has the meaning specified in Section 2.4(b). “Third Party” has the meaning specified in Section 2.9(d).
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Successor Backup Servicer has the meaning specified in Section 0.
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Successor Backup Servicer has the meaning given to such term in Section 8.10. ------------------------- -------------
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Related to Successor Backup Servicer

  • Backup Servicer means Wxxxx Fargo Bank, National Association, in its capacity as Backup Servicer under this Agreement.

  • 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.

  • Backup Servicing Agreement means the Amended and Restated Backup Servicing Agreement dated as of the Closing Date among the Borrower, the Servicer, the Administrative Agent and the Backup Servicer, as amended by that certain Amendment No. 1 to Backup Servicing Agreement dated as of April 14, 2009, as the same may from time to time be further amended, restated, supplemented, waived or modified.

  • Backup Servicing Fee means, as to each Distribution Date, $4,000; provided, however, that if the Backup Servicer becomes the successor Servicer, such fee shall no longer be paid.

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

  • Depositor means Advisors Asset Management, Inc. and its successors in interest, or any successor depositor appointed as hereinafter provided."

  • Owner Trustee means Wilmington Trust Company, a Delaware trust company, not in its individual capacity but solely as owner trustee under this Agreement, and any successor Owner Trustee hereunder.

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