Replacement Servicer definition

Replacement Servicer has the meaning assigned to that term in Section 6.01(c).
Replacement Servicer means any Person appointed to replace the Servicer and to assume the obligations of Servicer under the Servicing Agreement.
Replacement Servicer has the meaning given to it in Section 3.3 of the Security Sharing Agreement;

Examples of Replacement Servicer in a sentence

  • No such resignation shall become effective until a Replacement Servicer shall have assumed the responsibilities and obligations of the Servicer in accordance with Section 6.02.

  • In addition, the Replacement Servicer shall have no liability relating to the representations and warranties of the Servicer contained in Section 4.03.

  • The indemnification obligations of the Replacement Servicer upon becoming a Replacement Servicer, are expressly limited to those arising on account of its failure to act in good faith and with reasonable care under the circumstances.

  • The indemnification obligations of the Replacement Servicer, upon becoming a Replacement Servicer, are expressly limited to those arising on account of its failure to act in good faith and with reasonable care under the circumstances.

  • Upon the appointment of a Replacement Servicer, the initial Servicer shall have no liability with respect to any action performed by the Replacement Servicer on or after the date that the Replacement Servicer becomes the successor to the Servicer.


More Definitions of Replacement Servicer

Replacement Servicer means, at any time following a Servicer Transfer, the Person whom the Trust designates from time to time by written notice given to the Seller in accordance with Section 5.13 as the Replacement Servicer;
Replacement Servicer means a replacement servicer to perform some or all of the Services under the Servicing Agreement formerly performed by a Servicer appointed in accordance with Clause 2 of the Servicing Agreement; Representatives with respect to any Person means the officers, directors, employees, advisors and agents of such Person; Season means a period of certain months within a Year. For the purposes of this definition the months of January, February, March, April, May and June constitute a season and the months of July, August, September, October, November and December constitute a season.
Replacement Servicer. Any Person appointed to be the “Investment Manager” following an Investment Manager Termination Event as provided in Section 6.8.
Replacement Servicer means a private credit servicer of nationally recognized standing currently servicing an asset portfolio substantially similar to the Collateral Assets hereunder in connection with a lending facility substantially similar to this Agreement for which the Administrative Agent or one of its Affiliates acts as lender or administrative agent.
Replacement Servicer means a “Replacement Servicer” appointed by the Transferors in accordance with subsection 8.09(a).
Replacement Servicer means any entity appointed as a substitute servicer in accordance with the Servicing and Cash Management Deed. On or about the Programme Closing Date, a segregated Euro denominated account will be established with the Account Bank (the “Transaction Account”). Prior to the occurrence of an Issuer Event, NBG will be entitled to withdraw amounts from time to time standing to the credit of the Transaction Account, if any, that are in excess of any cash amounts required to satisfy the Statutory Tests. Following the occurrence of an Issuer Event, NBG shall no longer be entitled to withdraw moneys from the Transaction Account other than for purposes of making payments in accordance with the Post Issuer Event Priority of Payments. Following the occurrence of an Issuer Event (as defined above), the Servicer shall (i) procure that within two days after the occurrence of such Issuer Event, all collections of principal and interest on deposit in the Collection Account be transferred to the corresponding Transaction Account and (ii) any and all future payments due under the Cover Pool Assets upon receipt or collection by the Servicer are henceforth to be effected directly to the Transaction Account. Following an Issuer Event, the Transaction Account will be used for the crediting of, inter alia, moneys received in respect of the Cover Pool Assets included in the Cover Pool or 85to effect a payment in respect of the Covered Bonds including the following amounts:
Replacement Servicer has the meaning assigned to such term in Section 11.01 (c).