Servicer Replacement Event definition
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 means the occurrence of any event described in paragraphs (a) to (e) below:
Examples of Servicer Replacement Event in a sentence
Upon any such waiver, such Servicer Replacement Event shall cease to exist and be deemed to have been cured and not to have occurred and any Servicer Replacement Event arising therefrom shall be deemed not to have occurred for every purpose of this Agreement, but no such waiver shall extend to any prior, subsequent or other Servicer Replacement Event or impair any right consequent thereto.
The Owner Trustee shall promptly give notice to each Certificateholder of any (a) Default or Event of Default of which it has been provided notice pursuant to Section 6.5 of the Indenture and (b) Servicer Replacement Event of which it has been provided notice pursuant to Section 6.1 of the Servicing Agreement.
More Definitions of Servicer Replacement Event
Servicer Replacement Event. The meaning specified in Section 6.01(a).
Servicer Replacement Event means the occurrence of any one or more of the following events:
Servicer Replacement Event has the meaning given to it under Section 3.1 of the Servicing Agreement;
Servicer Replacement Event. As defined in the Property Management Agreement.
Servicer Replacement Event means the occurrence of any Termination Event.
Servicer Replacement Event means a “Servicer Replacement Event” as defined in the Servicing Agreement.
Servicer Replacement Event means, inter alia, (i) an unremedied failure (and such failure is not remedied within three Business Days of notice of such failure being given) by the Servicer to deliver or cause to be delivered any required payment to the Issuer for distribution to the Noteholders, to the Swap Counterparty and the Subordinated Lender, (ii) unremedied failure (and such failure is not remedied within three Business Days of notice of such failure being given) to duly observe or perform in any material respect any other of its covenants or agreements, which materially and adversely affects the rights of the Issuer or the Noteholders, or (iii) the Servicer suffering an Insolvency Event; provided, however, that failure of performance referred to under clauses