Initial Master Servicer definition

Initial Master Servicer. Midland Loan Services, a Division of PNC Bank, National Association or its successor in interest.
Initial Master Servicer means Wentworth in its capacity as the initial Master Servicer hereunder.
Initial Master Servicer. Pool Balance"): $999,060,409 ORIX Real Estate Capital Markets LLC Special Servicer: ORIX Real Estate Capital Markets LLC Fiscal Agent: Trustee: ABN AMRO Bank N.V. LaSalle Bank National Association Certificate No. ___ CUSIP No.___________________ UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST CORPORATION, A NEW YORK CORPORATION ("DTC"), TO THE DEPOSITOR, THE TRUSTEE, THE CERTIFICATE REGISTRAR OR ANY AGENT THEREOF FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. THIS CERTIFICATE HAS NOT BEEN REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR THE SECURITIES LAWS OF ANY STATE. ANY RESALE, PLEDGE, TRANSFER OR OTHER DISPOSITION OF THIS CERTIFICATE OR ANY INTEREST HEREIN WITHOUT SUCH REGISTRATION OR QUALIFICATION MAY BE MADE ONLY IN A TRANSACTION WHICH DOES NOT REQUIRE SUCH REGISTRATION OR QUALIFICATION AND WHICH IS IN ACCORDANCE WITH THE PROVISIONS OF SECTION 5.02 OF THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN. NO TRANSFER OF THIS CERTIFICATE OR ANY INTEREST HEREIN MAY BE MADE TO (A) ANY EMPLOYEE BENEFIT PLAN OR OTHER RETIREMENT ARRANGEMENT SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED ("ERISA"), OR THE INTERNAL REVENUE CODE OF 1986 (THE "CODE"), OR (B) ANY PERSON WHO IS DIRECTLY OR INDIRECTLY PURCHASING THIS CERTIFICATE OR ANY INTEREST HEREIN ON BEHALF OF, AS NAMED FIDUCIARY OF, AS TRUSTEE OF, OR WITH ASSETS OF ANY SUCH EMPLOYEE BENEFIT PLAN OR OTHER RETIREMENT ARRANGEMENT, EXCEPT IN ACCORDANCE WITH THE PROVISIONS OF SECTION 5.02 OF THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN. THIS CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN STRUCTURED ASSET SECURITIES CORPORATION, ORIX REAL ESTATE CAPITAL MARKETS LLC, LASALLE BANK NATIONAL ASSOCIATION, ABN AMRO BANK N.V., OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY OR INSTRUMENTALITY OF THE UNITED STATES OR ANY OTHER PERSON.

Examples of Initial Master Servicer in a sentence

  • The Company and the Initial Master Servicer may from time ------- -- to time agree in writing to a reduced Servicing Fee.

  • If the Applicable Master Servicer is not the Initial Master Servicer, notices shall be given to the Applicable Master Servicer at the address designated by it, to the Initial Master Servicer.

  • Date of Pooling and Servicing Agreement: Percentage Interest evidenced by this July 1, 2007 Certificate in the related Class: 100% Cut-off Date: Initial Pool Balance: $3,515,654,613 July 1, 2007 Issue Date: July 26, 2007 First Distribution Date: August 10, 2007 Initial Master Servicer: Initial Trustee and REMIC Administrator: Bank of America, National Association Wells Fargo Bank, N.A. Initial Special Servicer: Midland Loan Services, ▇▇▇.

  • The Company and the Initial Master Servicer may from time to time agree in writing to a reduced Servicing Fee.

  • Series 1998-GN3, Class M-1 Class Certificate Balance of the Class M-1 Certificates as of the Closing Date: Pass-Through Rate: ____% (Subject to the $_____________ Available Funds Cap) Denomination: $______________ Date of Pooling and Servicing Agreement and Cut-off Date: October 1, 1998 Initial Master Servicer: Golden National Mortgage Banking Corp.

  • The Seller, the Initial Master Servicer and the Trustee, by entering into this Agreement, and each Certificateholder, by the acceptance of its Certificate, agree to treat and report the Certificates and the Trust for federal, state and local income and franchise tax and usury law purposes in accordance with the Intended Characterization thereof set forth in the applicable Supplement relating thereto unless and until required to do otherwise by a relevant taxing or judicial authority.

  • World Financial Center New York, NY 10281 Attention: General Counsel's Office Telephone: (212) 449-1000 Telecopier: (212) 449-5559 132 To the Initial Master Servicer and Mortgage Loan Seller: Golden National Mortgage Banking Corp.

  • On the Master Servicing Termination Date, the Initial Master Servicer shall transfer to the Subsequent Master Servicer the servicing files with respect to the Mortgage Loans, any amounts in the Servicing Accounts with respect to the Mortgage Loans, and any amount in the Collection Account with respect to the Mortgage Loans.

  • The Issuer, the Initial Master Servicer and the Trustee have entered into this Agreement, and the Notes will be issued to and acquired by the Noteholders, with the intention that, for federal, state and local income and franchise tax and usury law purposes, the Notes be treated as debt of the Issuer secured by the Pledged Assets, and the Issuer will not be treated as an association (or publicly traded partnership) taxable as a corporation.

  • Section 11.1 Covenant as Initial Master Servicer...........................


More Definitions of Initial Master Servicer

Initial Master Servicer. Golden National Mortgage Banking Corp., a New York corporation.
Initial Master Servicer means PFSC in its capacity as the initial Master Servicer with respect to such Series pursuant to Section 3.01.
Initial Master Servicer. Pool Balance"): $383,352,924 Midland Loan Services, Inc.