Servicer Termination Date definition

Servicer Termination Date means the date specified by the Issuer and/or the Security Trustee in the Servicer Termination Notice.
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Servicer Termination Date means, in respect of a Servicer, the date on which the Servicer’s appointment is terminated in accordance with the terms of the relevant Servicing Agreement.
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Servicer Termination Date means the date specified in a Servicer Termination Notice or in a notice delivered pursuant to Clause 10.3 (Termination on Delivery of Servicer Termination Notice) of the Servicing Agreement;
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Examples of Servicer Termination Date in a sentence

  • The Successor Servicer shall, following prior approval by the CMVM on the Successor Servicer’s suitability for providing the Services in accordance with article 5 of the Securitisation Law, be appointed by the Issuer with effect from the Servicer Termination Date.

  • At any time after the delivery of a Servicer Event Notice the Issuer may deliver a Servicer Termination Notice to the Servicer, the effect of which shall be to terminate the Servicer’s appointment under the Receivables Servicing Agreement (but without affecting any accrued rights and Liabilities under said agreement) on the Servicer Termination Date.

  • Replacement Servicer After the delivery of a Servicer Event Notice, the Issuer or the Common Representative, as the case may be, shall use all reasonable endeavours to identify a suitable Successor Servicer.The Successor Servicer shall, following prior approval by the CMVM on the Successor Servicer’s suitability for providing the Services in accordance with article 5 of the Securitisation Law, be appointed by the Issuer with effect from the Servicer Termination Date.

  • A Successor Servicer is appointed by the Issuer with effect from the Servicer Termination Date or the Servicer Resignation Date, by the entry of the Successor Servicer, the Originator and the Issuer into a replacement servicing agreement in similar terms to the Servicing Agreement.

  • The Successor Servicer shall be appointed by the Issuer with effect from the Servicer Termination Date.

  • Notwithstanding the foregoing, the parties hereto agree that the Master Servicer, in its capacity as successor servicer, immediately will assume all of the obligations of the Servicer to make Delinquency Advances, Servicing Advances and to pay Compensating Interest and the Master Servicer will assume the other duties of the Servicer as soon as practicable, but in no event later than 60 days after the Servicer Termination Date.

  • This power of attorney shall be irrevocable as one coupled with an interest prior to the Servicer Termination Date.

  • Site Plan Control ProcessSite Plan, Site Plan Amendments, and Development Agreements THE CORPORATION OF THE PO Box 3012, 50 Church StreetCITY OF ST.

  • Unless and until the Servicer Termination Date has occurred, the Certificates of Title with respect to the Financed Vehicles shall not be amended or reissued to reflect the assignment of NFC’s or NFASC’s interests therein to WFEFI or any assignee thereof.

  • On the Closing Date, NFC shall execute and deliver to WFEFI a Notice of Assignment, in substantially the form attached hereto as Exhibit B (which WFEFI shall not send to any Portfolio Obligor unless and until the Servicer Termination Date shall have occurred).


More Definitions of Servicer Termination Date

Servicer Termination Date means, following the occurrence of a Servicer Termination Event and service of a Servicer Termination Notice, the date when a new servicing agreement, substantially in the form of the Servicing Agreement, is signed between Securitisation Services S.p.A., as new servicer, and the Issuer. As a result of a termination of the Servicer following the occurrence of a Servicer Termination Event, starting from the Servicer Termination Date, the appointment of the Back-Up Servicer as successor Servicer pursuant to the Back-Up Servicing Agreement shall become effective. See "The Servicing Agreement" below. 5. THE ACCOUNTSThe Italian Accounts Pursuant to the terms of the Agency and AccountsAgreement, the Issuer has opened with the Italian Account Bank for the purposes of the Securitisation the following accounts (collectively the "Italian Accounts"):
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Servicer Termination Date. The meaning specified in Section 6.11.
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Servicer Termination Date means the date on which a Servicer shall exit from the Securitisation Programme and shall cease permanently to have the status of Servicer, so that it is not entitled to participate any longer to the Securitisation Programme, namely the date on which:
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Servicer Termination Date means the date on which the date on the Servicer receives the Servicer Termination Notice;
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Servicer Termination Date means the earlier of (i) the date on which the appointment of the Servicer is terminated in accordance with clause 15 (Termination of Appointment) of the Servicing Agreement and (ii) the FCT Liquidation Date.
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Related to Servicer Termination Date

  • Servicer Termination Event shall have the meaning assigned to such term in the Lead Securitization Servicing Agreement or at any time that the Mortgage Loan is no longer subject to the provisions of the Lead Securitization Servicing Agreement, any analogous concept under the servicing agreement pursuant to which the Mortgage Loan is being serviced in accordance with the terms of this Agreement.

  • Special Servicer Termination Event shall have the meaning given to such term in the Lead Securitization Servicing Agreement.

  • Servicer Termination Events (or any analogous term under the Lead Securitization Servicing Agreement) include customary market termination events with respect to failure to make advances, failure to timely remit payments to the Non-Lead Note Holders as required hereunder or under the Lead Securitization Servicing Agreement (subject to no more than one business day grace period), failure to timely deposit amounts into any REO Account or to remit to a Servicer for deposit into a related collection or custodial account, failure to deliver (or cause to be delivered) materials or information required in order for each Non-Lead Note Holder or each Non-Lead Depositor to timely comply with its obligations under the Exchange Act, the Securities Act and Form SF-3, and for rating agency downgrades or other triggers with respect to any certificates issued in connection with a Non-Lead Securitization, subject to customary grace periods (provided that, in the case of failures related to the securities laws, such grace periods will not cause a Non-Lead Depositor to fail to comply with the applicable provisions of such securities laws). Upon the occurrence of such a Servicer Termination Event with respect to the Master Servicer affecting a Non-Lead Securitization Note Holder and the Master Servicer is not otherwise terminated pursuant to the Lead Securitization Servicing Agreement, the Master Servicer shall be required, upon the direction of such Non-Lead Securitization Note Holder, to appoint a subservicer with respect to such Non-Lead Securitization Note. Upon the occurrence of a Servicer Termination Event with respect to the Special Servicer affecting a Non-Lead Securitization Note Holder and the Special Servicer is not otherwise terminated pursuant to the Lead Securitization Servicing Agreement, the Trustee shall, upon direction of such Non-Lead Securitization Note Holder, terminate the Special Servicer with respect to, but only with respect to, the Mortgage Loan;

  • Servicer Termination Notice Defined in Section 6.15.

  • Servicer Termination Test With respect to any Distribution Date, the Servicer will fail the Servicer Termination Test if the Realized Loss Percentage for the Mortgage Loans exceeds the applicable percentages set forth below with respect to such Distribution Date: Distribution Date Occurring In Percentage January 2006 through December 2007 2.75% January 2008 through December 2008 3.25% January 2009 through December 2009 3.75% January 2010 and thereafter 4.50%

  • Master Servicer Termination Test With respect to any Distribution Date, the Master Servicer Termination Test will be failed if the Cumulative Loss Percentage exceeds 4.00%.

  • Event of Servicer Termination With respect to the Servicing Agreement, a Servicing Default as defined in Section 6.01 of the Servicing Agreement.

  • Escrow Termination Date has the meaning ascribed to such term in Section 9.12.

  • Master Servicer Event of Termination As defined in Section 7.01 hereof.

  • Servicer Event of Termination One or more of the events described in Section 7.01.

  • Loan Termination Date means the earliest to occur of the following: (i) as to TERM NOTE 2, TERM NOTE 4, and TERM NOTE 5, September 1, 2011; as to the REVOLVING NOTE, April 21, 2006; (ii) the date the OBLIGATIONS are accelerated pursuant to this AGREEMENT, and (iii) the date BANK receives (a) notice in writing from BORROWER of BORROWER’S election to terminate this AGREEMENT and (b) indefeasible payment in full of the OBLIGATIONS.

  • Event Termination Date See Section 2(e) hereof.

  • Senior Termination Date For each Senior Certificate Group, the Distribution Date on which the aggregate Class Certificate Balance of the related Classes of Senior Certificates has been reduced to zero.

  • Liquidity Termination Date means the earlier to occur of the following:

  • Purchase Termination Date means the date upon which the Transferor shall cease, for any reason whatsoever, to make purchases of Receivables from the Seller under the Receivables Purchase Agreement or the Receivables Purchase Agreement shall terminate for any reason whatsoever.

  • Premium Termination Date With respect to the Series A Certificates, the scheduled maturity date of the Series A Certificates, with respect to the Series B Certificates, the scheduled maturity date of the Series B Certificates and with respect to the Series C Certificates, the scheduled maturity date of the Series C Certificates.

  • Final Termination Date means the last date of the final year in which the Applicant is required to Maintain Viable Presence and as further identified in Section 2.3.E of this Agreement.

  • Series Termination Date means, with respect to any Series of Certificates, the date stated in the related Supplement.

  • Service Termination Date means the last Day in a month upon which Service shall terminate, as set forth in a Schedule of Service and subject to any renewal thereof.

  • Facility Termination Date means the date as of which all of the following shall have occurred: (a) the Aggregate Commitments have terminated, (b) all Obligations have been paid in full (other than contingent indemnification obligations), and (c) all Letters of Credit have terminated or expired (other than Letters of Credit as to which other arrangements with respect thereto satisfactory to the Administrative Agent and the L/C Issuer shall have been made).

  • Asset Representations Reviewer Termination Event means any one of the following events whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body:

  • Lease Termination Date means the last day of the Lease Term.

  • Operating Advisor Termination Event means any one of the following events whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body:

  • Initial Termination Date has the meaning set forth in Section 9.1(b)(i).

  • Outside Termination Date shall have the meaning set forth in Section 8.01(f).

  • Mandatory Termination Date means the "Termination Date" set forth under "Investment Summary--Essential Information" in the Prospectus for the Trust.