Servicer Event of Default definition
Servicer Event of Default. One or more of the events described in Section 7.01.
Servicer Event of Default wherever used herein, means any one of the following events:
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
If an Event of Default or Servicer Event of Default exists, Buyer shall have the right at any time thereafter to terminate the related Servicing Agreement (or, in the case of an Event of Default, all of the Servicing Agreements) and transfer servicing of the related Purchased Assets to Buyer or its designee, at no cost or expense to Buyer, it being agreed that Seller will pay any fees and expenses required to terminate such Servicing Agreement and transfer servicing to Buyer or its designee.
More Definitions of Servicer Event of Default
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. As defined in Section 7.01(a).
Servicer Event of Default means the occurrence of any of the following:
Servicer Event of Default has the meaning given to it in Section 17.1 of the Servicing Agreement;
Servicer Event of Default. With respect to each Servicer, shall have the meaning set forth in the applicable Servicing Agreement.
Servicer Event of Default shall have the meaning specified in Section 5.04 of the Indenture.
Servicer Event of Default. One or more of the events described in Section 6.01 of the Servicing Agreement.