Servicer Replacement Event means any one or more of the following that shall have occurred and be continuing:

Servicer Replacement Event means any of the following:

Servicer Replacement Event. The meaning specified in Section 6.01(a).

Examples of Servicer Replacement Event in a sentence

As such, in case of a Servicer Replacement Event, the Lessees need to be notified provided the underlying Lease Contracts are construed as financial leases.
If a Servicer Replacement Event occurs and the Servicing Agreement and the delegation of the Servicing Activities are terminated, the Servicer will, or will cause a third party to, immediately send a notice of the entrustment (the form of which will be attached to the Servicing Agreement) to all the Obligors existing at that time.
Upon the occurrence of a Servicer Replacement Event or a Sub-Servicer Replacement Event, the Trustor of the First Trust will promptly perfect the transfer of receivables against the Obligors by sending the Obligors a notice of the entrustment.
After a Servicer Replacement Event, the Issuer is entitled to dismiss the Servicer and is required to appoint a successor servicer in accordance with the provisions of the Servicing Agreement.
Dismissal and Replacement of the Servicer Upon the occurrence of a Servicer Replacement Event, the Issuer shall be entitled to dismiss the Servicer by written notification and to appoint a replacement Servicer.

More Definitions of Servicer Replacement Event

Servicer Replacement Event wherever used herein with respect to the Property Manager or Special Servicer, means any one of the following events:

Servicer Replacement Event means the occurrence of any event described in paragraphs (a) to (e) below:

Servicer Replacement Event means the occurrence of any one or more of the following events:

Servicer Replacement Event means the occurrence of any event described in paragraphs (a) to (d) below:

Servicer Replacement Event has the meaning given to it under Section 3.1 of the Servicing Agreement;

Servicer Replacement Event means the occurrence of any Termination Event.

Servicer Replacement Event. As defined in the Property Management Agreement.