Servicer Termination Notice definition

Servicer Termination Notice. Defined in Section 6.15.

Servicer Termination Notice has the meaning assigned to that term in Section 6.01(b).

Servicer Termination Notice means any notice by the Administrative Agent to the Servicer that (a) an Event of Servicer Termination has occurred and (b) the Servicer’s appointment under the Funding Agreement has been terminated.

Examples of Servicer Termination Notice in a sentence

• Prior to the delivery of a Servicer Termination Notice, but subject to the terms of this Agreement (including, without limitation, Section 6.04), the Servicer has the sole and exclusive authority to make any and all decisions with respect to the Collateral Portfolio and take or refrain from taking any and all actions with respect to the Collateral Portfolio.

• Until the Facility Agent gives North Haven Private Income Fund LLC a Servicer Termination Notice in accordance with the terms of this Agreement, North Haven Private Income Fund LLC hereby accepts such appointment and agrees to perform, on behalf of the Borrower, the duties and responsibilities of the Servicer pursuant to the terms hereof.

• At any time following the delivery of a Servicer Termination Notice, the Facility Agent may (or shall, at the direction of the Required Lenders) nominate a replacement Servicer, which shall be an experienced Servicer of nationally recognized standing, and appoint a new Servicer (any such appointed new Servicer, the “Replacement Servicer”).

More Definitions of Servicer Termination Notice

Servicer Termination Notice means a notice given to the Servicer pursuant to Section 7.01 of the Sale and Servicing Agreement terminating all rights and obligations of the Servicer under the Sale and Servicing Agreement, other than the indemnification obligations of the Servicer under Section 6.02 of the Sale and Servicing Agreement, which shall survive such termination.

Servicer Termination Notice has the meaning given to such term in Section 7.13.

Servicer Termination Notice is defined in Section 5.1 of the Servicing Agreement.

Servicer Termination Notice means the notice described in Section 6.01 hereof.

Servicer Termination Notice. The notice described in Section 6.01 of the Servicing Agreement.

Servicer Termination Notice. The notice described in Section 9.01(a) hereof.

Servicer Termination Notice means the notice given by the Issuer and by the Security Trustee to the Servicer pursuant to Clause 6.1 (Servicer Replacement and Termination) of the Servicing Agreement.