Primary Servicer definition

Primary Servicer. Prudential Asset Resources, Inc., or any successor thereto (as primary servicer) appointed as provided in the Primary Servicing Agreement.
Primary Servicer s rights and obligations shall expressly survive a termination of Master Servicer's servicing rights pursuant to the Pooling and Servicing Agreement (except a termination of Master Servicer caused by a Primary Servicer Default). In the event of such a termination, any successor Master Servicer or the Trustee (if it assumes the servicing obligations of the Master Servicer) shall be deemed to automatically have assumed and agreed to this Agreement without further action upon becoming the successor Master Servicer. Upon the request of Primary Servicer, Master Servicer shall confirm to Primary Servicer in writing that this Agreement remains in full force and effect. Upon the request of Primary Servicer, the successor Master Servicer or Trustee, as applicable, shall confirm to Primary Servicer in writing that this Agreement remains in full force and effect. Upon the request of the successor Master Servicer or Trustee, Primary Servicer shall confirm to the successor Master Servicer or Trustee, as applicable, in writing that this Agreement remains in full force and effect.
Primary Servicer. Any servicer with which the Company has entered into a servicing agreement, as described in Section 3.01(f).

Examples of Primary Servicer in a sentence

  • Per servicing and pooling agreements, the criteria does not apply to the role of Primary Servicer.

  • The Master Servicer may waive any default by the Primary Servicer in the performance of its obligations hereunder and its consequences.

  • This Agreement may only be amended with the consent of the Primary Servicer and the Master Servicer.

  • Any notice of termination shall be in writing and delivered to the Primary Servicer as provided in Section 6.05 of this Agreement.

  • Valid Values Proposed Unique Coding Notes 1 Primary Servicer The MERS Organization ID of the company that has or will have the right to service the loan.


More Definitions of Primary Servicer

Primary Servicer. As the context may require, (i) Prudential Asset Resources, Inc., or any successor thereto (as primary servicer) appointed as provided in the related Primary Servicing Agreement and/or (ii) Berkadia Commercial Mortgage LLC, or any successor thereto (as primary servicer) appointed as provided in the related Primary Servicing Agreement.
Primary Servicer has retained outside legal counsel with experience reviewing and documenting the defeasance of commercial mortgage loans to review the Loan Document defeasance provisions and to document the defeasance of the Mortgage Loan in accordance therewith and (ii) the Primary Servicer has provided or will provide such legal counsel with the Loan Documents needed for such purposes. PRINCIPAL GLOBAL INVESTORS, LLC By: ---------------------------------- Name: Title: Exhibit A to Appendix 1 APPENDIX 2 Assignment and Assumption Submission to Special Servicer PRESENT MORTGAGOR: PROPOSED MORTGAGOR: PRIMARY SERVICER #: SPECIAL SERVICER #: COLLATERAL TYPE: (Retail, Industrial, Apartments, Office, etc.) ADDRESS: Property Address City, State, zip code ASSET STATUS: As of (date)
Primary Servicer shall have the meaning set forth in the introductory clause hereof.
Primary Servicer. Principal Global Investors, LLC RE: Morgan Stanley Capital I Inc., Commercial Mortgage Pass-Through Certificates, Series 2005-TOP18 Pursuant to the Primary Servicing Agreement between Wells Fargo Bank, National Association ("Wells Fargo Bank") and Principal Global Investors, LLC ("Primary Servicer") for the transaction referenced above, I hereby certify with respect to each mortgage loan serviced by Primary Servicer for Wells Fargo Bank for such transaction that within 25 days after the end of each of the months of [January, February and March][April, May and June][July, August and September][October, November and December], any and all deposit accounts, escrow accounts and reserve accounts, and any and all other collection accounts and servicing accounts, related to such mortgage loan have been properly reconciled, and the reconciliations have been reviewed and approved, by Subservicer's management, except as otherwise noted below: EXCEPTIONS: ______________________________________________ __________________________ [Signature] Name: [INSERT NAME OF SERVICING OFFICER] Title: Servicing Officer, Principal Global Investors, LLC Date: [April, July, October, January] 25, [20__] APPENDIX 1 Items Required for Defeasance Submission to Master Servicer REQUEST FOR MASTER SERVICER CONSENT TO DEFEASANCE Primary Servicer shall submit to Master Servicer the following listed items to seek the consent of Master Servicer to a defeasance of a Mortgage Loan or an A/B Mortgage Loan that Primary Servicer is permitted to process under this Primary Servicing Agreement.
Primary Servicer means, with respect to any Financed Student Loan, the entity responsible for the primary servicing of such Financed Student Loan on a day to day basis, it being understood that where a subservicer appointed in accordance with the terms of the Transfer and Servicing Agreement has responsibility for servicing a Financed Student Loan, such subservicer and not the Master Servicer shall be the Primary Servicer with respect such Financed Student Loan.
Primary Servicer means Trimont Real Estate Advisors, LLC, or any other primary servicer approved by, or in the case of a termination of Primary Servicer pursuant to Article 27(c), appointed by Buyer, in each case in Buyer’s sole and absolute discretion. Notwithstanding any provision to the contrary set forth elsewhere in this Agreement, immediately upon the termination of the Primary Servicing Agreement, all references in this Agreement to the term “Primary Servicer” shall automatically be changed to the term “Interim Servicer”.