Examples of Interim Servicer in a sentence
Vendor Bradford & Bingley plc (B&B)Croft Road, Crossflatts, Bingley, West Yorkshire BD16 2UASee the section entitled "The Vendor and the Interim Servicer" for further information.
Received Revenue Collections means an amount representing an aggregate of all amounts referred to in the definition of Revenue Receipts (to the extent applicable) received in respect of the Mortgage Portfolio during the period from (and including) the Cut-Off Date to (and including) the Closing Date as determined by Seller (based solely on information provided by the Interim Servicer) and notified to the Cash Manager on the True-up Date.
Such assignment includes all interest and principal received by the Depositor, the Servicer and the Interim Servicer on or with respect to the Mortgage Loans (other than payments of principal and interest due on such Mortgage Loans on or before the Cut-off Date).
The Purchaser(s) will be responsible for servicing via the Interim Servicer the Mortgage Loans from the Claim Date.
On the date falling 10 Business Days after the Closing Date (the True-up Date), in order for the Issuer to confirm the calculation of the amount of the Closing Date Collections, the Cash Manager will (based on information made available to it by the Seller (based solely on information provided by the Interim Servicer)) calculate the difference (if any) between the Closing Date Collections and the Received Collections (the True-up Amount).