Servicing Events of Default Sample Clauses

Servicing Events of Default. If a Master Servicer other than Xxxxxx Mae is serving as such, the following events are “Servicing Events of Default” with respect to a Trust:
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Servicing Events of Default. (a) If any one of the following events ("Servicing Events of Default") shall occur and be continuing:
Servicing Events of Default. 83 Section 6.02. Indenture Trustee to Act; Appointment of Successor....................................86 Section 6.03. Waiver of Servicing Events of Default.................................................87 Section 6.04. Additional Remedies of the Owner Trust and the Indenture Trustee upon a Servicing Event of Default.............................................87
Servicing Events of Default. An “Event of Default” shall have occurred under, and as defined in, the Servicing Agreement, except such an Event of Default under Sections 5.3(a)(iii) and 5.3(a)(iv) of the Servicing Agreement.

Related to Servicing Events of Default

  • Servicer Events of Default The following events and conditions shall constitute Servicer Events of Default hereunder:

  • Master Servicer Events of Default Each of the following shall constitute a "Master Servicer Event of Default":

  • Lease Events of Default If any one (1) or more of the following events (each a "Lease Event of Default") shall occur:

  • Waiver of Master Servicer Events of Default Subject to Section 11.09(d), the Holders representing at least 66% of the Voting Rights evidenced by all Classes of Certificates affected by any default or Master Servicer Event of Default hereunder may waive such default or Master Servicer Event of Default; provided, however, that a default or Master Servicer Event of Default under clause (i) or (vi) of Section 7.01 may be waived only by all of the Holders of the Regular Certificates. Upon any such waiver of a default or Master Servicer Event of Default, such default or Master Servicer Event of Default shall cease to exist and shall be deemed to have been remedied for every purpose hereunder. No such waiver shall extend to any subsequent or other default or Master Servicer Event of Default or impair any right consequent thereon except to the extent expressly so waived.

  • Events of Default, Etc During the period during which an Event of Default shall have occurred and be continuing:

  • Waiver of Servicer Events of Default The Holders representing at least 66% of the Voting Rights evidenced by all Classes of Certificates affected by any default or Servicer Event of Default hereunder may waive such default or Servicer Event of Default; provided, however, that a default or Servicer Event of Default under clause (i) or (vii) of Section 7.01 may be waived only by all of the Holders of the Regular Certificates. Upon any such waiver of a default or Servicer Event of Default, such default or Servicer Event of Default shall cease to exist and shall be deemed to have been remedied for every purpose hereunder. No such waiver shall extend to any subsequent or other default or Servicer Event of Default or impair any right consequent thereon except to the extent expressly so waived.

  • Additional Events of Default The parties hereto acknowledge, confirm and agree that the failure of Borrower or any Guarantor to comply with any of the covenants, conditions and agreements contained herein or in any other agreement, document or instrument at any time executed by Borrower or any Guarantor in connection herewith shall constitute an Event of Default under the Financing Agreements.

  • Liquidity Events of Default If (a) any Liquidity Event of Default has occurred and is continuing and (b) there is a Performing Note Deficiency, the Liquidity Provider may, in its discretion, deliver to the Borrower a Termination Notice, the effect of which shall be to cause (i) the obligation of the Liquidity Provider to make Advances hereunder to expire on the fifth Business Day after the date on which such Termination Notice is received by the Borrower, (ii) the Borrower to promptly request, and the Liquidity Provider to promptly make, a Final Advance in accordance with Section 2.02(d) hereof and Section 3.6(i) of the Intercreditor Agreement, (iii) all other outstanding Advances to be automatically converted into Final Advances for purposes of determining the Applicable Liquidity Rate for interest payable thereon, and (iv) subject to Sections 2.07 and 2.09 hereof, all Advances (including, without limitation, any Provider Advance and Applied Provider Advance), any accrued interest thereon and any other amounts outstanding hereunder to become immediately due and payable to the Liquidity Provider.

  • Events of Default If any of the following events (“Events of Default”) shall occur:

  • Events of Default by Seller In addition to the Events of Default described in Section 9.1, each of the following shall constitute an Event of Default by Seller hereunder:

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