Approved Subservicer means a subservicer acceptable to Agent with whom Borrower has entered into a subservicing agreement acceptable to Agent.
Approved Subservicer means any subservicer approved in writing by Administrative Agent (such approval not to be unreasonably withheld, conditioned or delayed) and any Interim Servicer (as defined in the Base Indenture).
Approved Subservicer means Cenlar and any other subservicer approved in writing by the Administrative Agent (such approval not to be unreasonably withheld, conditioned or delayed).
Examples of Approved Subservicer in a sentence
In addition to maintaining its own internal monitoring program for servicing oversight operations, PMC FMSR Parent shall and shall cause each Approved Subservicer to conduct quality control reviews of such Approved Subservicer’s servicing operations in accordance with industry standards and Specified Entity requirements.
PMC FMSR Parent shall provide oversight of its Approved Subservicer to ensure the sound subservicing of the Mortgage Loans, in all material respects in accordance with Accepted Servicing Practices, the applicable Approved Subservicing Agreement and the Xxxxxx Xxx Requirements.
More Definitions of Approved Subservicer
Approved Subservicer means any subservicer approved in writing by Buyer (such approval not to be unreasonably withheld, conditioned or delayed) and any Interim Servicer (as defined in the Base Indenture).
Approved Subservicer means each subservicer approved by Freddie Mac, in its sole discretion, with respect to the Freddie Mac Mortgage Loans serviced by Xxxxxxxx, as servicer, for Freddie Mac under the Freddie Mac Servicing Contract. For purposes of clarity, the Lender has no approval rights relating to a determination that a subservicer is an Approved Subservicer or Freddie Mac’s requiring Borrower to engage an Approved Subservicer; provided, that if such Approved Subservicer has entered into a subservicer side letter in form and substance reasonably acceptable to Lender and acceptable to Freddie Mac, the Freddie Mac Servicing Contract Rights will be considered as Eligible Servicing Rights.
Approved Subservicer means (i) the Diamond Subservicer and (ii) any other Person to which the Servicer has delegated all or substantially all of its servicing activities with respect to any Pledged Timeshare Loan under the Servicing Agreement to and approved in writing by the Administrative Agent.
Approved Subservicer means Cenlar FSB, Nationstar Mortgage LLC, d/b/a Xx. Xxxxxx and any other subservicer approved in writing by the Administrative Agent (such approval not to be unreasonably withheld, conditioned or delayed).