Approved Servicer definition

Approved Servicer shall have the meaning assigned to such term in the definition ofQualified Institutional Lender.”
Approved Servicer shall have the meaning assigned to such term in the definition ofQualified Transferee.”
Approved Servicer. For purposes of Sections 3.01(b), 7.04 and 8.02 hereof, any established housing and home finance institution, bank or other mortgage loan or home equity loan servicer, that meets each of the following requirements:

Examples of Approved Servicer in a sentence

  • The Controlling Note Holder and the Non-Controlling Note Holder acknowledge and agree that any successor special servicer appointed to replace the Special Servicer will be an Approved Servicer or meet the Required Special Servicer Rating.

  • The Controlling Note Holder and the Non-Controlling Note Holders acknowledge and agree that any successor special servicer appointed to replace the Special Servicer will be an Approved Servicer or meet the Required Special Servicer Rating.

  • Section 2.01 [Approval of _______________ as an Approved Servicer under the Servicer Guide.

  • If a successor Trustee is to become the Successor Servicer hereunder, it shall be an Approved Servicer.

  • If a successor Trustee is not to become the Successor Servicer hereunder, the entity then acting as Successor Servicer hereunder shall continue to act in such capacity until such time as an Approved Servicer has agreed to assume the role of Successor Servicer hereunder.


More Definitions of Approved Servicer

Approved Servicer. For purposes of Sections 3.01(b), 7.04 and 8.02 hereof any of the following:
Approved Servicer means any person authorized to engage in the business of servicing loans of the general character of program loans, who meets the qualifications for an approved servicer set forth in the applicable program rules and who contracts with the department to service program loans.¶
Approved Servicer means an approved GNMA, FNMA or FHLMC seller-servicer of Mortgage Loans which meets similar servicing standards to the standards met by the Issuer or NationsBank, N.A.
Approved Servicer shall have the meaning assigned to such term in the A/B Co-Lender Agreement.
Approved Servicer means the parties set forth on Schedule L.
Approved Servicer means (a) any Servicer for which a Servicer Default has not occurred, or (b) the Portfolio Manager so long as the Portfolio Manager is not in default in any material respect under the Portfolio Management Agreement or (c) a servicer with experience in servicing life settlement transactions which is reasonably acceptable to the Security Trustee (as set forth in the Intercreditor Agreement) and, in the case of each of clauses (a), (b) and (c), which has executed a Servicing Agreement.
Approved Servicer. Any Person which is (1) qualified to service residential mortgage loans on behalf of Xxxxxx Xxx or Xxxxxxx Mac, (2) willing to service the applicable Mortgage Loans and (3) executes and delivers to the Purchaser an agreement, in form and substance reasonably satisfactory to the Purchaser, which (x) contains an assumption by such Person of the due and punctual performance and observance of each covenant and condition to be performed or observed by the Seller under this Agreement and (y) and requires such Person to make representations and warranties that are substantively the same as the representations and warranties contained in Section 3.2(b).