Interim Servicer definition

Interim Servicer. The servicer under the Interim Servicing Agreement, or its successor in interest, or any successor to the Interim Servicer under the Interim Servicing Agreement, as therein provided.

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Interim Servicer means the master servicer (or single servicer) appointed jointly by the Initial Holders under this Agreement and any successor master servicer (or single servicer) appointed as provided hereunder, which Interim Servicer shall be a Qualified Servicer. The initial Interim Servicer shall be ▇▇▇▇▇ Fargo Bank, National Association pursuant to the Interim Servicing Agreement.

Interim Servicer shall have the meaning assigned to such term in Section 2(a).

Examples of Interim Servicer in a sentence

• Notwithstanding the foregoing, the Interim Servicer shall continue servicing each Loan that is sold on the Closing Date until the Servicing Transfer Date, unless otherwise agreed to in writing by the parties, in conformance with all of the requirements of the Loan Documents, applicable law, and in accordance with the terms set forth in Article IX herein, which includes Accepted Servicing Practices.

• Prior to the closing date of the first Securitization, the servicing of the Mortgage Loan shall be carried out by the Interim Servicer.

• March 6, 2026 or such other date as agreed to by mutual agreement of Purchaser and the Interim Servicer.

• As compensation for servicing the Loans on such interim basis, Seller, as Interim Servicer shall be entitled to a fee equal to $10.00 per calendar month per Loan, prorated for any partial months, (the “Servicing Fee”), which Seller shall be entitled to retain from the collections on the Loans prior to remitting the remainder of such collections on the Remittance Date described in Section 9.4.

• The continued possession of the contents of each of the Subject Asset Files by Seller is for the benefit of Purchaser, for the sole purpose of servicing the related Loan in accordance with the provisions of this Agreement, and such retention and possession by Seller is in a custodial capacity only; provided, however, the Seller may retain a copy of the Subject Asset Files as is necessary to comply with its duties as Interim Servicer hereunder, its internal retention policies and applicable law.

More Definitions of Interim Servicer

Interim Servicer shall have the meaning assigned to such term in the recitals.

Interim Servicer. Bank of America or its successors or assigns acting as interim servicer with respect to the Mortgage Loans pursuant to the interim servicing addendum of the Purchase and Sale Agreement. IRS: The United States Internal Revenue Service.

Interim Servicer. New Century Mortgage Corporation, or its successor in interest.

Interim Servicer. Aames Funding Corporation, a California corporation, and its successors in interest.

Interim Servicer. First Franklin Financial Corporation

Interim Servicer means the transferor of an Acquired MSR acting in its capacity as subservicer for the benefit of the Servicer in connection with the purchase thereof.

Interim Servicer. The servicer under the Interim Servicing Agreement, or its successor in interest, or any successor to the Interim Servicer under the Interim Servicing Agreement, as therein provided. Interim Servicing Agreement: The agreement to be entered into by the Purchaser and the Interim Servicer, providing for the Interim Servicer to service the Mortgage Loans as specified by the Interim Servicing Agreement. Investor: With respect to each MERS Designated Mortgage Loan, the Person named on the MERS System as the investor pursuant to the MERS Procedures Manual.