the Subservicer definition

the Subservicer. This obligation to advance with respect to each Mortgage Loan will continue up to and including the first of the month following the date on which the related Mortgaged Property is sold at a foreclosure sale or is acquired by the Trust Fund by deed in lieu of foreclosure or otherwise. All such advances received by the Master Servicer shall be deposited promptly by it in the Custodial Account.
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Examples of the Subservicer in a sentence

  • Within 180 days of the Closing Date, the -------------- Subservicer shall have received the Title Document for each Financed Vehicle listing the Seller as the secured party and as the holder of a first priority security interest in such Financed Vehicle.

  • Subject to Section 3.03 of the Agreement, the ---------- Subservicer may grant an extension (Monthly Payment deferrals) to an Obligor having temporary cash flow problems.

  • Subject to Section 2.06(b), each of the Master Servicer and the ----------- Subservicer shall provide to the Depositor, the Trustees and the Insurer reasonable access to the documentation regarding the Receivables.

  • Representations of the Seller, the Master Servicer and the ---------------------------------------------------------- Subservicer.

Related to the Subservicer

  • 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.

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

  • Interim Servicer The servicer under the Interim Servicing Agreement, or its successor in interest, or any successor to the Interim Servicer under the Interim Servicing Agreement, as therein provided.

  • Primary Servicer Prudential Asset Resources, Inc., or any successor thereto (as primary servicer) appointed as provided in the Primary Servicing Agreement.

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