Non-Lead Servicing Agreement definition

Non-Lead Servicing Agreement means the pooling and servicing agreement, trust and servicing agreement or other similar agreement to be entered into in connection with a Non-Lead Securitization Note.

Non-Lead Servicing Agreement means the Note A-2 PSA.

Non-Lead Servicing Agreement means the PSA with respect to any Non-Lead Note (other than any Non-Lead Note that is included in the Lead Securitization).

Examples of Non-Lead Servicing Agreement in a sentence

• Similarly, if the Lead Securitization Noteholder is the Controlling Noteholder, the rights of each Non-Lead Securitization Noteholder shall be exercisable by a controlling class representative or directing holder as set forth in the related Non-Lead Servicing Agreement.

• Similarly, if the Note A-1-1 Holder is the Controlling Noteholder, the rights of the Non-Lead Securitization Note Holder shall be exercisable by a controlling class representative or directing holder as set forth in the Non-Lead Servicing Agreement.

• At the time a payment is made to cure a Monetary Default, the Note B Holder shall pay or reimburse the Lead Securitization Noteholder for all unreimbursed Advances (whether or not recoverable with respect to Senior Notes, including principal and interest advances made with respect to Non-Lead Securitization Notes under the Non-Lead Servicing Agreement), Advance Interest Amounts, any unpaid fees to any Servicer specifically provided for in the Servicing Agreement and any Additional Servicing Expenses.

• Therefore, on a yearly basis there is an evaluation of whether the Diplomat remains in good standing (i.e. continues to be certified because he/she either meets the MOC requirements or has the warning note “not meeting MOC requirements”) or is no longer considered certified because he/she did not get enough hours/credits to meet the MOC requirements in the specified time period (i.e., “certificate lapsed”).

• Subject to the terms of the Servicing Agreement, each of the Controlling Noteholder, the Controlling Class Representative, the Non-Controlling Pari Passu Noteholders (or any controlling class representative or directing holder on its behalf under a Non-Lead Servicing Agreement) shall be permitted to bid at any sale of the Mortgage Loan unless such Person is the Mortgage Loan Borrower or an agent or Affiliate of the Mortgage Loan Borrower.

More Definitions of Non-Lead Servicing Agreement

Non-Lead Servicing Agreement means from and after the Note A-1 Securitization Date, the Note A-2 PSA.

Non-Lead Servicing Agreement means the Note A-1-B PSA, the Note A-2-A1 PSA, the Note A-2-A2 PSA, the Note A-2-B PSA, the Note A-3 PSA, the Note A-4-B PSA, the Note A-5-A PSA, the Note A-5-B PSA and the Note A-6 PSA.

Non-Lead Servicing Agreement shall have the meaning assigned to such term in Section 2(f).

Non-Lead Servicing Agreement means, with respect to each Non-Lead Securitization, the related servicing agreement.

Non-Lead Servicing Agreement means from and after the Note A-1 Securitization Date, the UBS 2017-C5 PSA.

Non-Lead Servicing Agreement means any pooling and servicing agreement (or analogous agreement) relating to a Note, other than the Lead Securitization Servicing Agreement. Co-Lender Agreement (Two Independence Square)

Non-Lead Servicing Agreement means, as of any date of determination, the servicing agreement that governs the Securitization of a Non-Lead Participation.