Servicer Replacement Conditions has the meaning set forth in Section 4.1(e) of this Agreement.
Servicer Replacement Event means any one or more of the following that shall have occurred and be continuing:
Servicer Report A report (substantially in the form of Schedule 5 hereto) or otherwise in form and substance acceptable to the Master Servicer and Securities Administrator on an electronic data file or tape prepared by the Servicer pursuant to Section 5.03(a) of this Agreement, with such additions, deletions and modifications as agreed to by the Master Servicer, the Securities Administrator and the Servicer.