WFBNA Servicing Transfer Date definition

WFBNA Servicing Transfer Date. With respect to each Designated Mortgage Loan, the later of (i) February 1, 2005 and (ii) the actual date on which primary servicing of such Designated Mortgage Loan has been transferred from the related Designated Servicer to WFBNA.
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Examples of WFBNA Servicing Transfer Date in a sentence

  • In addition, it is expressly understood and agreed to by the parties hereto that on and after each applicable WFBNA Servicing Transfer Date, upon assumption of primary servicing pursuant to this Agreement by WFBNA of each Designated Mortgage Loan transferred on such date, all duties and obligations of the Master Servicer with respect to this Agreement and such Mortgage Loan shall cease and the Master Servicer shall no longer have any responsibility with respect to such Designated Mortgage Loan.

  • WFBNA hereby agrees that it will accept the transfer of servicing of each Designated Mortgage Loan on the applicable WFBNA Servicing Transfer Date and that it will service each Designated Mortgage Loan pursuant to the provisions of this Agreement following the applicable WFBNA Servicing Transfer Date.

  • Following the WFBNA Servicing Transfer Date for any Designated Mortgage Loan, (i) such Designated Mortgage Loan shall be deemed a “Non-Designated Mortgage Loan” under this Agreement and (ii) each of Schedule IV and the Mortgage Loan Schedule will be deemed to have been updated to reflect such servicing transfer.

  • Notwithstanding the foregoing, it is expressly understood and agreed to by the parties hereto that WFBNA shall have no obligations or duties with respect to any Designated Mortgage Loan until (i) the WFBNA Servicing Transfer Date of such Designated Mortgage Loan or (ii) the Master Servicer appoints WFBNA as a successor servicer to a Designated Servicer pursuant to Section 3.23(a) hereof, and, in the case of clause (ii), WFBNA accepts such appointment.

  • Notwithstanding the foregoing, it is expressly understood and agreed to by the parties hereto that WFBNA, as Servicer, shall have no obligations or duties with respect to any Designated Mortgage Loan until (i) the WFBNA Servicing Transfer Date of such Designated Mortgage Loan or (ii) the Master Servicer appoints WFBNA as a successor servicer to a Designated Servicer pursuant to Section 3.23(a) hereof, and, in the case of clause (ii), WFBNA accepts such appointment.

  • Following the WFBNA Servicing Transfer Date for any Designated Mortgage Loan, (i) such Designated Mortgage Loan shall be deemed a “Non-Designated Mortgage Loan” under this Agreement and (ii) each of Schedule VII and the Mortgage Loan Schedule will be deemed to have been updated to reflect such servicing transfer.

Related to WFBNA Servicing Transfer Date

  • Servicing Transfer Date The date on which a Servicing Transfer occurs.

  • Servicing Transfer Event means any of the events specified in the Servicing Agreement, whereby the servicing of the Mortgage Loan is required to be transferred to the Special Servicer from the Master Servicer.

  • Servicing Transfer Any transfer of the servicing by a Prior Servicer of Mortgage Loans to the Servicer under this Agreement.

  • Servicing Transfer Costs All reasonable costs and expenses incurred by the Trustee in connection with the transfer of servicing from a predecessor servicer, including, without limitation, any costs or expenses associated with the complete transfer of all servicing data and the completion, correction or manipulation of such servicing data as may be required by the Trustee to correct any errors or insufficiencies in the servicing data or otherwise to enable the Trustee to service the Mortgage Loans properly and effectively.

  • Transfer Date means, in relation to a transfer, the later of:

  • Master Servicer Advance Date As to any Distribution Date, 12:30 p.m. Pacific time on the Business Day immediately preceding such Distribution Date.

  • Master Servicing Fee As to any Distribution Date, an amount equal to one-twelfth the product of (a) the Master Servicing Fee Rate and (b) the outstanding principal balance of each Mortgage Loan. Master Servicing Fee Rate: 0.00% per annum.

  • Non-Lead Securitization Servicing Agreement shall have the meaning assigned to such term in Section 2(b).

  • Interim Servicing Period The period from the Closing Date to the related Servicing Transfer Date.

  • Sub-Servicing Account An account established by a Sub-Servicer which meets the requirements set forth in Section 3.08 and is otherwise acceptable to the Master Servicer.

  • Other Servicer Mortgage Loan Any of the Mortgage Loans, if any, identified in Exhibit F-2 hereto, as such Exhibit may be amended from time to time in connection with a substitution pursuant to Sections 2.02 or 2.06, which Mortgage Loan is serviced under an Other Servicing Agreement.

  • the transfer date means 1 September 1989;

  • Servicer Advance Date As to any Distribution Date, 11:30 a.m., Eastern time, on the Business Day immediately preceding such Distribution Date.

  • Sub-Servicing Agreement The written contract between the Servicer and a Sub-Servicer relating to servicing and administration of certain Mortgage Loans as provided in Section 3.02.

  • Countrywide Servicing Agreement Solely with respect to the Countrywide Mortgage Loans, the Mortgage Loan Purchase and Servicing Agreement, dated as of November 1, 2001, between the Transferor, as purchaser, and Countrywide, as seller and as servicer (as successor to Countrywide Home Loans, Inc. by an assignment dated January 1, 2001, as the same may be amended or supplemented), as the same may be amended from time to time, and any assignments and conveyances related to the Countrywide Mortgage Loans.

  • Master Servicing Agreement means the master servicing agreement entered into on 20 May 2013 between the Guarantor, the Issuer and the Master Servicer.

  • Subsequent Mortgage Loans means, for purposes of this Agreement, the Subsequent Mortgage Loans listed in the Subsequent Mortgage Loan Schedule attached hereto as Schedule I.

  • Subsequent Mortgage Loan A Mortgage Loan sold by the Depositor to the Trust Fund pursuant to Section 2.08, such Mortgage Loan being identified on the Mortgage Loan Schedule attached to a Subsequent Transfer Instrument.

  • Back-Up Servicing Agreement means that certain Back-Up Servicing Agreement to be entered into by and among the Company, the Administrative Agent and the Back-Up Servicer, as such agreement may be amended, restated, supplemented or otherwise modified from time to time.

  • Interim Servicing Agreement The agreement to be entered into by the Purchaser and the Interim Servicer, providing for the Interim Servicer to service the Mortgage Loans as specified by the Interim Servicing Agreement.

  • Master Servicer Remittance Date With respect to any Distribution Date, the Business Day immediately preceding such Distribution Date.

  • Subservicing Fee As to any Mortgage Loan, the fee payable monthly to the related Subservicer (or, in the case of a Nonsubserviced Mortgage Loan, to the Master Servicer) in respect of subservicing and other compensation that accrues at an annual rate equal to the excess of the Mortgage Rate borne by the related Mortgage Note over the rate per annum designated on the Mortgage Loan Schedule as the "CURR NET" for such Mortgage Loan.

  • Class A Servicing Fee shall have the meaning specified in Section 3.01.

  • Reais Transfer Date means each Business Day of each calendar month following a Business Day when, as of the Balance Transfer Time for the Bond Administrator, there are available funds in the Collections Account for allocation in accordance with the Indenture.

  • Non-Lead Master Servicer means the “master servicer” under any Non-Lead Securitization Servicing Agreement.

  • Subservicing Account An account established by a Subservicer in accordance with Section 3.08.