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

The “Monthly Remittance Condition” shall be deemed to be satisfied if (i) Santander Consumer or one of its Affiliates is the Servicer, (ii) no Event of Default or Servicer Replacement Event has occurred and is continuing, (iii) Santander Holdings USA, Inc.
The Owner Trustee shall promptly upon receipt of a list of Certificateholders from the Certificate Registrar give notice to each Certificateholder of any (a) Default or Event of Default of which a Responsible Officer of the Owner Trustee has been provided written notice pursuant to Section 6.5 of the Indenture and (b) Servicer Replacement Event of which a Responsible Officer of the Owner Trustee has been provided written notice pursuant to Section 7.1 of the Sale and Servicing Agreement.
The Owner Trustee shall have no duty to investigate, verify or take any action to determine whether any Default, Event of Default or Servicer Replacement Event has in fact occurred and shall have no duty to make any determination as to the materiality of any fact, matter or event, or to make any demand or claim for repurchase of Receivables.

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. As defined in the Property Management Agreement.

Servicer Replacement Event means the occurrence of any Termination Event.