Servicing Agreement definition

Servicing Agreement means such subsequent Servicing Agreement; provided, however, that until a replacement Servicing Agreement has been entered into (and such written confirmation has been obtained), the Note A-1 Holder shall cause the Mortgage Loan to be serviced pursuant to the provisions of the Servicing Agreement as if such agreement was still in full force and effect with respect to the Mortgage Loan; provided, further, however, that until a replacement Servicing Agreement is in place, the actual servicing of the Mortgage Loan may be performed by any Qualified Servicer appointed by the Note A-1 Holder and does not have to be performed by the service providers set forth under the Servicing Agreement that was previously in effect.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Servicing Agreement means the Lead Securitization Servicing Agreement or the Non-Lead Securitization Servicing Agreement, as applicable, together with any amendment, restatement, supplement, replacement or modification thereto entered into in accordance with the terms hereof or thereof.

Servicing Agreement. The servicing agreement, dated as of November 26, 2002 by and between First Horizon Asset Securities Inc. and its assigns, as owner, and First Tennessee Mortgage Services, Inc., as servicer.

Examples of Servicing Agreement in a sentence

If an Exchange Note Servicer Event of Default shall arise from the failure of the Servicer to perform any of its duties or obligations under the 2026-B Servicing Agreement with respect to the Trust Estate, the Issuer shall take all reasonable steps available to it to remedy such failure.
Any notice or certificate received by the Servicer or delivered by the Servicer under the Basic Servicing Agreement relating to the 2026-B Reference Pool will be forwarded by the Servicer to the Indenture Trustee within five Business Days of delivery or receipt thereof by the Servicer.
Following the delivery of the list of the Review Assets and before the delivery of the Review Report by the Asset Representations Reviewer, the Servicer may notify the Asset Representations Reviewer if a Review Asset has been paid in full by the related Lessee or purchased from the Issuer in accordance with the terms of the 2026-B Servicing Agreement.
In the event of any conflict between this 2026-B Servicing Supplement and the Basic Servicing Agreement, the terms of this 2026-B Servicing Supplement will prevail.
Notwithstanding the provisions of Section 5.03(b) of the Basic Servicing Agreement, investment earnings on funds on deposit in the 2026-B Bank Accounts shall constitute 2026-B Available Collections and, on or before each Payment Date, the Indenture Trustee shall deposit such investment earnings, net of any applicable investment losses and expenses, into the 2026-B Exchange Note Collection Account.

More Definitions of Servicing Agreement

Servicing Agreement means the applicable Lead Securitization Servicing Agreement; provided that in the event that, following the Securitization of the Lead Note, the Lead Note is no longer an asset of the trust fund created pursuant to the Servicing Agreement, the term “Servicing Agreement” shall refer to the subsequent servicing agreement entered into pursuant to Section 2.

Servicing Agreement shall have the meaning set forth in Section 11.24.

Servicing Agreement shall have the meaning set forth in Section 9.6 hereof.

Servicing Agreement means the Note A-1 PSA; provided that in the event the Lead Note is no longer an asset of the trust fund created pursuant to the Note A-1 PSA, the term “Servicing Agreement” shall refer to the subsequent servicing agreement entered into pursuant to Section 2.

Servicing Agreement means (a) during the period prior to the Note A-1 Securitization Date, if applicable, the First Securitization PSA and (b) from and after the Note A-1 Securitization Date, the Note A-1 PSA. In the event that the Lead Note is no longer in a Securitization the term “Servicing Agreement” shall refer to the subsequent servicing agreement entered into pursuant to Section 2.

Servicing Agreement. The Servicing Agreement, dated as of the Closing Date, among the Depositor, the Servicer and the Issuing Entity, as amended, supplemented or modified from time to time.

Servicing Agreement means the Servicing Agreement, dated as of the Closing Date, among the Issuing Entity, the Grantor Trust, the Backup Servicer, the Indenture Trustee and the Servicer.