Successor Subservicer definition

Successor Subservicer. The Person selected by the Capmark Master Servicer upon the termination of the Subservicer resulting from any Subservicer Default, if any, who shall thereafter perform the Services with respect to the Mortgage Loans; provided, that the Capmark Master Servicer shall perform all Services with respect to the Mortgage Loan until such Person, if any, is selected.
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Successor Subservicer means any entity appointed as a successor to the --------------------- Subservicer pursuant to Section 7.03.
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Successor Subservicer. The Person, which Person must meet the requirements contained in Section 6.3 hereof) selected by the Servicer upon the termination of the Subservicer resulting from any Subservicer Default, if any, who shall thereafter perform the Services with respect to the Mortgage Loans; provided, that the Servicer shall perform all Services with respect to the Mortgage Loan until such Person, if any, is selected.
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Examples of Successor Subservicer in a sentence

  • To the extent that compliance with this Section 10.1 shall require the Subservicer to disclose to the Successor Servicer information of any kind which the Subservicer reasonably deems to be confidential, the Successor Subservicer shall be required to enter into such customary licensing and confidentiality agreements as the Subservicer shall deem necessary for the Subservicer's protection.

  • The Subservicer shall make available to the Master Servicer or any Successor Subservicer, at a reasonable time, such information as the Master Servicer or such Successor Subservicer shall reasonably request in writing and shall make available to the Master Servicer or any Successor Subservicer or Persons designated by the Master Servicer or such Successor Subservicer such documents as the Master Servicer shall reasonably request in writing.

  • The Subservicer shall make available to the Capmark Master Servicer or any Successor Subservicer, at a reasonable time, such information as the Capmark Master Servicer or such Successor Subservicer shall reasonably request in writing and shall make available to the Capmark Master Servicer or any Successor Subservicer or Persons designated by the Capmark Master Servicer or such Successor Subservicer such documents as the Capmark Master Servicer shall reasonably request in writing.

  • If within 30 days after the delivery of the notice referred to above, the Issuer shall not have obtained such a new Master Servicer or Subservicer, the Issuer may appoint, or may petition a court of competent jurisdiction to appoint, a Successor Master Servicer or Successor Subservicer.

  • The Subservicer shall promptly transfer and deliver its electronic records relating to the Senior Insurance Settlements to the Successor Servicer in such electronic form as the Successor Subservicer may reasonably request and shall promptly transfer to the Successor Servicer in the manner and at such times as the Successor Servicer shall reasonably request all other records, correspondence and documents related to or necessary for the continued servicing of the Senior Insurance Settlements.

  • The Subservicer shall make available to the Servicer or any Successor Subservicer, at a reasonable time, such information as the Servicer or such Successor Subservicer shall reasonably request in writing and shall make available to the Servicer or any Successor Subservicer or Persons designated by the Servicer or such Successor Subservicer such documents as the Servicer shall reasonably request in writing.

  • The Indenture Trustee may resign as the Successor Master Servicer or Successor Subservicer by giving written notice of such resignation to the Issuer and the Insurer and in such event will be released from such duties and obligations, such release not to be effective until the date a new Master Servicer or Subservicer enters into an administrative agreement or servicing agreement as provided below.

  • The Subservicer shall promptly transfer and deliver its electronic records relating to the Insurance Settlements to the Successor Servicer in such electronic form as the Successor Subservicer may reasonably request and shall promptly transfer to the Successor Servicer in the manner and at such times as the Successor Servicer shall reasonably request all other records, correspondence and documents related to or necessary for the continued servicing of the Insurance Settlements.

  • In the event that a Successor Master Servicer or Successor Subservicer has not been appointed and accepted its appointment at the time when the Master Servicer or the Subservicer ceases to act as Master Servicer or Subservicer, the Indenture Trustee without further action shall automatically be appointed the Successor Master Servicer or the Successor Subservicer, as the case may be.

  • Upon delivery of any such notice to the Issuer, the Issuer shall obtain a new Master Servicer as the Successor Master Servicer or new Subservicer as the Successor Subservicer, as the case may be, each case which successor shall, so long as no Insurer Default shall have occurred and be continuing, be acceptable to the Insurer.