Servicer Event of Default definition

Servicer Event of Default wherever used herein, means any one of the following events:

Servicer Event of Default. One or more of the events described in Section 7.01.

Servicer Event of Default. As defined in Section 7.01 of the Sale and Servicing Agreement.

Examples of Servicer Event of Default in a sentence

• Upon any such waiver of a default or Master Servicer Event of Default, such default or Master Servicer Event of Default shall cease to exist and shall be deemed to have been remedied for every purpose hereunder.

• No such waiver shall extend to any subsequent or other default or Master Servicer Event of Default or impair any right consequent thereon except to the extent expressly so waived.

• No such waiver shall extend to any subsequent or other default or Servicer Event of Default or impair any right consequent thereon except to the extent expressly so waived.

• Upon any such waiver of a default or Servicer Event of Default, such default or Servicer Event of Default shall cease to exist and shall be deemed to have been remedied for every purpose hereunder.

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

More Definitions of Servicer Event of Default

Servicer Event of Default. As defined in Section 7.01(a).

Servicer Event of Default has the meaning given to it in Section 17.1 of the Servicing Agreement;

Servicer Event of Default means any of the Exchange Note Servicer Events of Default set forth in Section 7.05(a) of the 201[__]-[__] Servicing Supplement.

Servicer Event of Default. With respect to each Servicer, shall have the meaning set forth in the applicable Servicing Agreement.

Servicer Event of Default. One or more of the events described in Section 6.01 of the Servicing Agreement.

Servicer Event of Default means (a) a “Servicer Event of Default” as such term is defined in the Servicing Agreement or (b) a Regulatory Event that causes a Material Adverse Effect on the Servicer.

Servicer Event of Default. One or more of the events described in Section 8.01(a) of this Agreement.