Master Servicer Termination Events definition

Master Servicer Termination Events. As defined in Section 7.01.
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Master Servicer Termination Events. “Unmatured Master Servicer Termination Event”, “Specified Concentration Percentage” (other than any permitted changes contemplated by the definition thereof), or “Yield Period” or any of the definitions used in any such preceding definition, in each case without the prior written consent of each Committed Purchaser and each Purchaser Agent or (vi) release all or any material part of the Asset Interest from the security interest granted by the Seller to the Administrative Agent hereunder without the prior written consent of each Committed Purchaser and each Purchaser Agent; provided, further, that the consent of Seller and Master Servicer shall not be required for the effectiveness of any amendment which modifies on a prospective basis, the representations, warranties, covenants or responsibilities of Master Servicer at any time when Master Servicer is not CHR or an Affiliate of CHR or a successor Master Servicer is designated by Administrative Agent through a Successor Notice. Notwithstanding anything in any Transaction Document to the contrary, none of Seller or Master Servicer shall (and shall not permit Performance Guarantor to) amend, waive or otherwise modify any other Transaction Document, or consent to any such amendment or modification, without the prior written consent of Administrative Agent and the Required Purchasers.
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Master Servicer Termination Events. As defined in Section 7.01. MERS: Mortgage Electronic Registration Systems, Inc., a corporation organized and existing under the laws of the State of Delaware, or any successor thereto.
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Examples of Master Servicer Termination Events in a sentence

  • The Master Servicer shall immediately notify the Indenture Trustee and each Rating Agency in writing of any Master Servicer Termination Events.

  • The Master Servicer shall immediately notify the Indenture Trustee, the Insurer and each Rating Agency in writing of any Master Servicer Termination Events.

  • The Master Servicer shall immediately notify the Trustee [, the Certificate Insurer] and each Rating Agency in writing of any Master Servicer Termination Events.

  • The Master Servicer shall immediately notify the Indenture Trustee [, the Insurer] and each Rating Agency in writing of any Master Servicer Termination Events.

  • The Trustee, prior to the occurrence of a Master Servicer Termination Event and after the curing of all Master Servicer Termination Events which may have occurred, undertakes to perform such duties and only such duties as are specifically set forth in this Agreement.

  • If the Master Servicer shall not have joined in such appointment within 15 days after the receipt by it of a request so to do, or in the case an Master Servicer Termination Events shall have occurred and be continuing, the Trustee alone shall have the power to make such appointment.

  • The Trustee, prior to the occurrence of an Master Servicer Termination Events and after the curing of all Master Servicer Termination Events which may have occurred, undertakes to perform such duties and only such duties as are specifically set forth in this Agreement.

  • SECTION 10.01 Master Servicer Termination Events 68 SECTION 10.02 Servicer Termination Events.


More Definitions of Master Servicer Termination Events

Master Servicer Termination Events wherever used herein, means any one of the following events:
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