Master Servicer Event of Default wherever used herein, means any one of the following events:
Master Servicer Event of Default. One or more of the events described in Section 7.01.
Master Servicer Event of Default. As defined in Section 9.04.
Examples of Master Servicer Event of Default in a sentence
Any Sub-Servicing Agreement shall include the provision that such agreement may be immediately terminated by the Trustee without fee, in accordance with the terms of this Agreement, and the Trustee shall so terminate such Sub-Servicing Agreement at the direction of the NIMS Insurer in the event that the Master Servicer (or the Trustee, if then acting as Master Servicer) shall, for any reason, no longer be the Master Servicer (including termination due to a Master Servicer Event of Default).
More Definitions of Master Servicer Event of Default
Master Servicer Event of Default. (a) any failure by the Master Servicer to deposit in the Distribution Account any payment received by it from any Servicer or required to be made by the Master Servicer under the terms of this Agreement which continues unremedied for a period of two (2) Business Days after the date upon which written notice of such failure, requiring the same to be remedied, shall have been given to the Master Servicer by any other party hereto;
Master Servicer Event of Default wherever used herein, means any one of the following events (whatever the reason for such Master Servicer Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body) and only with respect to the defaulting Master Servicer:
Master Servicer Event of Default. Those events of default described in Section 8.04 hereof.
Master Servicer Event of Default. One or more of the events described in Section 8.01(b) of this Agreement.
Master Servicer Event of Default. As defined in Section 6.03 of the Servicing Agreement.
Master Servicer Event of Default. Has the meaning assigned to such term in Section 6.01 of the Sale and Servicing Agreement.
Master Servicer Event of Default. One or more of the events described in Section 7.1 hereof. MASTER SERVICING FEE RATE: 0.008% per annum.