Servicing definition

Servicing. In accordance with Regulation AB, the act of servicing, managing or administering the Mortgage Loans or any other assets of the Trust by an entity (other than the Certificate Administrator and the Trustee) that meets the definition of “servicer” set forth in Item 1101 of Regulation AB and is subject to the disclosure requirements set forth in Item 1108 of Regulation AB. For clarification purposes, any uncapitalized occurrence of this term shall have the meaning commonly understood by participants in the commercial mortgage-backed securities market.

Servicing. The responsibilities, with respect to servicing the Mortgage Loans, under the Servicing Agreements.

Servicing means receiving a scheduled, periodic payment from a borrower,

Examples of Servicing in a sentence

• We may contact you Servicing and Collections If we need to contact you to service your account or to collect amounts you owe, you authorize us (and our affiliates, agents and contractors, such as debt collection agencies and service providers) to contact you at any phone number or email address you provide, from which you contact us, or at which we believe we can reach you.

• All terms used in this Note that are defined in the Indenture or the Sale and Servicing Agreement, as supplemented or amended, shall have the meanings assigned to them in or pursuant to the Indenture or the Sale and Servicing Agreement, as the case may be, as so supplemented or amended.

• If you opt for this maintenance package, we’ll cover: - Servicing and MOTs. - New tyres when they need to be replaced due to fair wear and tear.

• The parties’ authority to enter into this Interagency Agreement is: X Revolving Fund (40 USC § 321) Identify specific statutory authority: The Servicing Agency’s authority for this IA is derived from 40 U.S.C §§ 501 – 502 of the Property Act (for personal property), and/or the Acquisition Services Fund, 40 USC § 321.

• Apprise the Servicing Agency of all terms, conditions, and requirements to be incorporated into the contract as necessary to comply with the statutes, regulations and directives that are unique to the Requesting Agency’s department or agency.

More Definitions of Servicing

Servicing. With respect to any Mortgage Loan and any A/B Mortgage Loan, the right and obligation of the Primary Servicer to administer such Mortgage Loan and any A/B Mortgage Loan in accordance with the provisions hereof.

Servicing means the furnishing of electric current, or energy, gas or other illuminating agent for any public lighting facilities or for the lighting or operation of any other improvements; or water for the irrigation of any landscaping, the operation of any fountains, or the maintenance of any other improvements.

Servicing means:

Servicing means the maintenance, repair, and servicing of previously installed equipment and systems.

Servicing means: (1) receiving any scheduled periodic

Servicing means the collection or

Servicing means the routine work necessary to keep electrical, mechanical and plumbing systems operational, including, but not limited to: replacing filters, belts, hoses, gaskets and other parts required for the equipment to operate as intended.