Ability to Service definition

Ability to Service. The Seller is an approved servicer of conventional residential mortgage loans for Xxxxxx Xxx and Xxxxxxx Mac, with the facilities, procedures, and experienced personnel necessary for the sound servicing of mortgage loans of the same type as the Mortgage Loans. The Seller is in good standing to service mortgage loans for Xxxxxx Mae and Xxxxxxx Mac, and no event has occurred, including but not limited to a change in insurance coverage, which would make the Seller unable to comply with Xxxxxx Mae and Xxxxxxx Mac eligibility requirements or which would require notification to either Xxxxxx Mae or Xxxxxxx Mac, as applicable; and
Sample 1

Examples of Ability to Service in a sentence

  • No consent, approval, authorization or order of any court or governmental agency or body is required for the execution, delivery and performance by the Servicer of or compliance by the Servicer with this Agreement, or if required, such consent, approval, authorization or order will be obtained prior to December 31, 1997; Ability to Service.

  • Risk Relating to Reorganized Debtor's Ability to Service Debt The Reorganized Debtor's ability to make scheduled payments of principal, to pay the interest on, to refinance its indebtedness will depend on future performance.

  • See "Risk Factors -- Our Ability to Service the Notes Depends on Our Ability to Get Cash from Our Subsidiaries" and "-- The Notes Will be Effectively Subordinated to Our Secured Debt." The Company and its subsidiaries will be permitted to incur additional secured and unsecured indebtedness.

  • Ability to Service Debt..........................................

  • Ability to Service Debt ................................................................90 2.

  • Continuing Leverage and Ability to Service Debt..........................

  • Long-term debt is defined as total debt including current maturities less Revolving Credit Facility, as reflected under “Capitalization.” RISK FACTORS Risks Relating to the Business Substantial Leverage and Ability to Service and Refinance Debt Upon issuance of the notes offered hereby as of February 28, 2007, on a pro forma basis, our estimated aggregate total debt will be approximately $376.8 million and our stockholder’s equity will be approximately $78.9 million.

  • Section 10.01 Due Organization and Authority 48 Section 10.02 Ordinary Course of Business 49 Section 10.03 No Violation 49 Section 10.04 Ability to Service 49 Section 10.05 Ability to Perform 49 Section 10.06 Litigation 49 Section 10.07 No Consent Required 50 ARTICLE XI.

  • Substantial Leverage; Ability to Service Debt The Company's substantial indebtedness could adversely affect its financial health and prevent it from fulfilling its obligations under the Notes.

  • Leverage; Ability to Service Indebtedness...........................................

Related to Ability to Service

  • The Service means any object of procurement other than works and goods.

  • CMU Service means the Central Moneymarkets Unit Service, operated by the Hong Kong Monetary Authority;

  • putting into service means the stage at which a device, other than an investigational device, has been made available to the final user as being ready for use on the Union market for the first time for its intended purpose;

  • 911 Service means a universal telephone number which gives the public direct access to the Public Safety Answering Point (“PSAP”). Basic 911 service collects 911 calls from one or more local exchange switches that serve a geographic area. The calls are then sent to the correct authority designated to receive such calls.

  • Access Service means access to a local exchange network for the purpose of enabling a provider to originate or terminate telecommunication services within the local exchange. Except for end-user common line services, access service does not include access service to a person who is not a provider.

  • In-service means an educational program, which is designed to increase the knowledge, skills, and overall effectiveness of personnel.

  • Data Service means a telecommunications service other than a voice service.

  • Basic generation service or "BGS" means electric generation

  • Internet service means a service that enables users to access proprietary and other content,

  • Support Service means an activity, such as information technology, accounting, human resources, legal, and other support functions that are required to support the ongoing delivery of core services.

  • 800 service means a telecommunications service that:

  • Video service means video programming, cable services, IPTV, or OVS provided through facilities located at least in part in the public rights-of-way without regard to delivery technology, including internet protocol technology. This definition does not include any video programming provided by a commercial mobile service provider defined in 47 USC 332(d) or provided solely as part of, and via, a service that enables users to access content, information, electronic mail, or other services offered over the public internet.

  • Service means the Internal Revenue Service.

  • Testing service means a national testing service selected by the board.

  • Enhanced 911 Service (“E911”) means a telephone communication service which will automatically route a call dialed “9-1-1” to a designated public safety answering point (PSAP) attendant and will provide to the attendant the calling party’s telephone number and, when possible, the address from which the call is being placed and the Emergency Response agencies responsible for the location from which the call was dialed.

  • Internet Service Provider (ISP) means an Enhanced Service Provider (ESP) that provides Internet Services.

  • Paging service means a telecommunications service that provides transmission of coded radio signals for the purpose of activating specific pagers, which may include messages or sounds.