Examples of Successor Special Servicer in a sentence
In the event that a Successor Special Servicer (including the Back-Up Manager) is appointed, the terminated Special Servicer shall arrange for the delivery to the Successor Special Servicer of all of the Servicing Files for any Specially Serviced Asset, which Servicing Files shall contain sufficient data to permit the Successor Special Servicer to assume the duties of the Special Servicer hereunder without delay on account of the absence of relevant servicing information.
Registered providers were consulted on the strategy in June and July 2021.
Appellants also argue that the PA Education Agency Servicing Agreement and the Special Servicing Agreement created an exclusive servicing arrangement for Defaulted Loans, which are now handled by U.S. Bank in its role as Successor Special Servicer, J.A. 958, and that the Odyssey Agreement modifies and violates this exclusive servicing arrangement by providing for Odyssey to service Defaulted Loans.
In 2012, movant U.S. Bank assumed the role of Successor Special Servicer upon First Marblehead’s resignation.
Rather, consistent with the Consent Order, TSI is obligated to work withU.S. Bank as the Successor Special Servicer to implement the injunctive relief required by the Proposed Consent Judgment.Second, comparison of the affidavit provisions in the Consent Order and Proposed Consent Judgment demonstrates that TSI’s bald assertion that the Proposed Consent Judgment “[c]ontemplates different affidavit-related policies and procedures than those in the TSI Consent Order” is erroneous.
But the obligation to “execute and enter into a [PPA]” comes “[w]ithin a reasonable period of time thereafter not to exceed forty- five (45) days” and the responsibility to execute the PPA falls on both parties, not just Applied.
Nonetheless, the Bureau does not oppose the motions to intervene filed by Ambac, the insurer for some of noteholders as well as an investor, and U.S. Bank in its capacity as Indenture Trustee and as Successor Special Servicer.
Ch.) This case relates to the VCG Owners’ efforts, purportedly acting for the Trusts, to pursue claims against the Indenture Trustee, Administrator, Successor Special Servicer, and certain special subservicers in connection with the administration of the Trusts and servicing of the Trusts’ property which was pledged under the Indentures.
U.S. Bank’s responsibilities as Successor Special Servicer are limited by contract.
The structure of the Proposed Consent would also potentially subject U.S. Bank to vicarious liability for a violation of a federal court order.And the Proposed Order appears to require that U.S. Bank, as Successor Special Servicer, onerous obligations under the Proposed Consent.