Servicing definition

Servicing. In accordance with Regulation AB, the act of servicing, managing or administering the Mortgage Loans or any other assets of the Trust by an entity (other than the Certificate Administrator and the Trustee) that meets the definition of “servicer” set forth in Item 1101 of Regulation AB and is subject to the disclosure requirements set forth in Item 1108 of Regulation AB. For clarification purposes, any uncapitalized occurrence of this term shall have the meaning commonly understood by participants in the commercial mortgage-backed securities market.

Servicing. The responsibilities, with respect to servicing the Mortgage Loans, under the Servicing Agreements.

Servicing means receiving a scheduled, periodic payment from a borrower,

Examples of Servicing in a sentence

• The Servicer may engage a JDC Contractor (or permit any Subservicer to engage a JDC Contractor) subject to the prior written consent of the Manager and the further deviations and requirements set forth in Section 4 of the Servicing Addendum to the LLC Operating Agreement.

• The Manager hereby grants to the Servicer a limited power of attorney to execute all documents on its behalf (including as the “Manager” of the Company, in turn acting on behalf of the Company) in accordance with the Servicing Standard set forth below and as may be necessary to effectuate the Servicer’s obligations under this Agreement until such time as the Manager revokes said limited power of attorney.

• Any acquisition of Collateral must conform with the terms and conditions of this Agreement (including the Servicing Obligations of the Servicer).

• If any Assets being Serviced pursuant to this Agreement are insured or guaranteed by any Governmental Authority, the Servicer acknowledges and agrees that, if the Manager so directs pursuant to the Servicing Obligations with respect to such Assets, it will take any and all actions as may be necessary to insure that such insurance or guarantees remain in full force and effect.

• Notwithstanding anything to the contrary contained herein, the use of any Subservicer or JDC Contractor will not release the Servicer from any of its Servicing Obligations or other obligations under this Agreement, and the Servicer will remain responsible and liable for all acts and omissions of each Subservicer and JDC Contractor as fully as if such acts and omissions were those of the Servicer.

More Definitions of Servicing

Servicing. With respect to any Mortgage Loan and any A/B Mortgage Loan, the right and obligation of the Primary Servicer to administer such Mortgage Loan and any A/B Mortgage Loan in accordance with the provisions hereof.

Servicing means the furnishing of electric current, or energy, gas or other illuminating agent for any public lighting facilities or for the lighting or operation of any other improvements; or water for the irrigation of any landscaping, the operation of any fountains, or the maintenance of any other improvements.

Servicing means:

Servicing means the maintenance, repair, and servicing of previously installed equipment and systems.

Servicing means: (1) receiving any scheduled periodic

Servicing means the collection or

Servicing means the responsibilities with respect to servicing the Mortgage Loans under the Applicable Servicing Requirements.