Servicer definition

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

Servicer means (i) the Master Servicer with respect to a non-Specially Serviced Mortgage Loan and the Special Servicer with respect to a Specially Serviced Mortgage Loan, or (ii) with respect to a specific function, right or obligation as to which the Servicing Agreement designates the Master Servicer or the Special Servicer, the party so designated, as applicable, pursuant to the Servicing Agreement.

Servicer shall have the meaning set forth in Section 9.6 hereof.

Examples of Servicer in a sentence

• This Agreement, including any addendums or modifications made in compliance with other provisions of the Agreement, constitutes the entire understanding of Servicer and the parties to this Agreement.

• Servicer shall hold any payments it collects after receiving notice of the death of a Lender or a pending assignment in a non-interest-bearing trust account, without liability.

• The funds will be paid out only when Servicer, in its sole non-interest-bearing trust account, without liability.

• Servicer shall not recognize any change in beneficial interest, property ownership, or other modification to the Documents Deposited until sufficient documents, as determined by Servicer, have been received to establish such change and any related costs have been fully paid.

• Servicer will distribute payments to the named individuals and entities as instructed in writing by Xxxxxx or Xxxxxx’s agent.

More Definitions of Servicer

Servicer means, with respect to any Serviced Duty, the applicable Purchaser performing Serviced Duties as agent of the applicable Seller pursuant to the terms of this Agreement.

Servicer has the meaning set forth in the preamble to this Agreement.

Servicer. As defined in Section 2.03(c).

Servicer has the meaning set forth in the Preamble.

Servicer means AmeriCredit Financial Services, Inc., as the servicer of the Receivables, and each successor servicer pursuant to Section 9.3.

Servicer means Santander Consumer, initially, and any replacement Servicer appointed pursuant to the Sale and Servicing Agreement.

Servicer means at any time the Person (which may be the Agent) then authorized pursuant to Article VIII to service, administer and collect Receivables.