Eligible Subservicing Agreement. A subservicing agreement that (i) has been approved by the Administrative Agent by signed instrument, (ii) that has not been assigned without the Administrative Agent’s written consent, and (iii) is terminable only for cause. For the avoidance of doubt, the arrangement for the division of servicing income, rights and responsibilities between OLS and HLSS before the MSR Transfer Date shall be considered a Subservicing Agreement that is required to be an Eligible Subservicing Agreement, with HLSS as Servicer and OLS as Subservicer and reported as such, notwithstanding the fact that during this period OLS is the Servicer under the Designated Servicing Agreements.
Eligible Subservicing Agreement. A subservicing agreement that (i) has been approved by the Administrative Agent by signed instrument, (ii) that has not been assigned without the Administrative Agent’s written consent, and (iii) is terminable only for cause. For the avoidance of doubt, the arrangement for the division of servicing income, rights and responsibilities between OLS and HLSS before the MSR Transfer Date shall be considered a Subservicing Agreement that is required to be an Eligible Subservicing Agreement, with HLSS as Servicer and OLS as Subservicer and reported as such, notwithstanding the fact that during this period OLS is the Servicer under the Designated Servicing Agreements; provided that OLS is the “Servicer” under each Designated Servicing Agreement for all other purposes hereunder until the related MSR Transfer Date. Each of the Homeward Subservicing Agreement and the HLSS Subservicing Agreement is initially approved by the Administrative Agent as an Eligible Subservicing Agreement, assuming continuing compliance with the requirements of clauses (ii) through (iii) above.
Eligible Subservicing Agreement. A subservicing agreement that (i) has been approved by the Administrative Agent by signed instrument, (ii) that has not been assigned or amended without the Administrative Agent’s written consent, and (iii) is terminable only for cause. For the avoidance of doubt, any subservicing agreement documenting the division of servicing income, rights and responsibilities between Nationstar and Advance Purchaser before the related MSR Transfer Date shall be considered a Subservicing Agreement that is required to be an Eligible Subservicing Agreement, with Advance Purchaser as Servicer and Nationstar as Subservicer and reported as such, notwithstanding the fact that during this period Nationstar is the Servicer under the Designated Servicing Agreements; provided, that a written subservicing agreement which is an Eligible Subservicing Agreement with Nationstar as Subservicer is in place before the first MSR Transfer Date. The provisions in the Purchase Agreement that relate to servicing shall constitute an “Eligible Subservicing Agreement” as they are written as of the date hereof.
Examples of Eligible Subservicing Agreement in a sentence
On the related MSR Transfer Date with respect to each Designated Servicing Agreement, OLS in its capacity as the Subservicer for such Designated Servicing Agreements under the OLS Subservicing Agreement, and any other subservicer as may be appointed from time for some or all of the Designated Servicing Agreements pursuant to an Eligible Subservicing Agreement.
On the MSR Transfer Date, OLS in its capacity as the Subservicer for all the Designated Servicing Agreements under the OLS Subservicing Agreement, and any other subservicer as may be appointed from time for some or all of the Designated Servicing Agreements pursuant to an Eligible Subservicing Agreement.
He is a director of Infratil Airports Europe and Auckland International Airport and an alternate director of TrustPower.
Except with respect to an Eligible Subservicing Agreement, the Repo Seller shall not permit any of the Purchased Assets or Repurchase Assets to be subject to any subservicing agreement or subservicing arrangement without the prior written consent of the Buyer.
For any Designated Servicing Agreement, on and after the related MSR Transfer Date, Nationstar in its capacity as the Subservicer for such Designated Servicing Agreement under the Nationstar Subservicing Agreement, and any other subservicer as may be appointed from time to time for such Designated Servicing Agreement pursuant to an Eligible Subservicing Agreement.
More Definitions of Eligible Subservicing Agreement
Eligible Subservicing Agreement. A Subservicing Agreement that (i) has been approved by the Administrative Agent by signed instrument and (ii) that has not been assigned or amended in any material respect without the Administrative Agent’s written consent. For the avoidance of doubt, any subservicing agreement documenting the division of servicing income, rights and responsibilities between OLS and HLSS before the related Transfer Date shall be considered a Subservicing Agreement that is required to be an Eligible Subservicing Agreement, with HLSS as Servicer and OLS as Subservicer and reported as such, notwithstanding the fact that during such period OLS is the Servicer under the Designated Servicing Agreements; provided, that a written subservicing agreement which is an Eligible Subservicing Agreement with OLS as Subservicer must be in effect before the first MSR Transfer Date or NRM Transfer Date, as applicable. Each of the Homeward Subservicing Agreement, HLSS Subservicing Agreement and the NRM Servicing Agreement is initially approved by the Administrative Agent as an Eligible Subservicing Agreement, assuming continuing compliance with the requirements of clause (ii) above. The provisions in the Purchase Agreement that relate to servicing shall constitute an “Eligible Subservicing Agreement” as they are written as of the date hereof; provided, that for purposes of clause (ii) above, any future Sale Supplements to the Purchase Agreement are not considered amendments to an Eligible Subservicing Agreement.
Eligible Subservicing Agreement means a subservicing agreement that has (i) been approved by the Administrative Agent in its sole discretion by signed instrument and (ii) not been assigned or amended in any material respect with respect to the Advance Reimbursement Rights without the Administrative Agent’s written consent; provided that as of the Closing Date the Administrative Agent hereby acknowledges and agrees that the PLS Subservicing Agreement constitutes an Eligible Subservicing Agreement.
Eligible Subservicing Agreement means a subservicing agreement (i) that has been approved in writing by Lender, (ii) the subservicer of which is an Eligible Subservicer, and (iii) that has not been assigned or amended in any respect that is materially adverse to the Lender with respect to the remittance of servicing fees or advance reimbursements without the prior written consent of Lender.
Eligible Subservicing Agreement. A Subservicing Agreement that (i) has been approved by the Administrative Agent by signed instrument, (ii) that has not been assigned or amended in any material respect without the Administrative Agent’s written consent, and (iii) is terminable only for cause. For the avoidance of doubt, any subservicing agreement documenting the division of servicing income, rights and responsibilities between Nationstar and Advance Purchaser before the related MSR Transfer Date shall be considered a Subservicing Agreement that is required to be an Eligible Subservicing Agreement, with Advance Purchaser as Servicer and Nationstar as Subservicer and reported as such, notwithstanding the fact that during such period Nationstar is the Servicer under the Designated Servicing Agreements; provided, that a written subservicing agreement which is an Eligible Subservicing Agreement with Nationstar as Subservicer must be in effect before the first MSR Transfer Date. The provisions in the Purchase Agreement that relate to servicing shall constitute an “Eligible Subservicing Agreement” as they are written as of the date hereof; provided, that for purposes of clause (ii) above, any future Sale Supplements to the Purchase Agreement are not considered amendments to an Eligible Subservicing Agreement. For the avoidance of doubt, Nationstar may terminate, amend or otherwise modify any agreement pursuant to which any Eligible Subservicer is subservicing any Designated Servicing Agreement on behalf of Nationstar in order to terminate the subservicing arrangement with respect to such Designated Servicing Agreement; provided, that Nationstar shall provide notice of any such termination, amendment or modification to the Administrative Agent.
Eligible Subservicing Agreement. A Subservicing Agreement that (i) has been approved by the Administrative Agent by signed instrument and (ii) that has not been assigned or amended in any material respect without the Administrative Agent’s written consent. For the avoidance of doubt, any subservicing agreement documenting the division of servicing income, rights and responsibilities between PMC and HLSS before the related Transfer Date shall be considered a Subservicing Agreement that is required to be an Eligible Subservicing Agreement, with HLSS as Servicer and PMC as Subservicer and reported as such, notwithstanding the fact that during such period PMC is the Servicer under the Designated Servicing Agreements. Each of the NRM Subservicing Agreement and the Shellpoint Subservicing Agreement is initially approved by the Administrative Agent as an Eligible Subservicing Agreement, assuming continuing compliance with the requirements of clause (ii) above. The provisions in the Purchase Agreement that relate to servicing shall constitute an “Eligible Subservicing Agreement” as they are written as of the date hereof; provided, that for purposes of clause (ii) above, any future Sale Supplements to the Purchase Agreement are not considered amendments to an Eligible Subservicing Agreement.
Eligible Subservicing Agreement means a subservicing agreement (i) that has been approved in writing by Buyer (at the written direction of the Indenture Trustee on behalf of the Noteholders), (ii) the subservicer of which is an Eligible Subservicer, and (iii) that has not been assigned or amended in any respect that is adverse to Noteholders with respect to the remittance of servicing fees or advance reimbursements without the prior written consent of Buyer (at the written direction of the Indenture Trustee on behalf of the Noteholders). The Cenlar Subservicing Agreement and the Subservicer Side Letter Agreement, together, are initially approved by the Buyer as an Eligible Subservicing Agreement, assuming continuing compliance with the requirements of clauses (ii) and (iii) above.
Eligible Subservicing Agreement. As defined in the PC Repurchase Agreement.