Servicing Centralization Trigger Event definition
Servicing Centralization Trigger Event means Servicer and its Affiliates cease all or substantially all origination and servicing activity with respect to installment contracts.
Servicing Centralization Trigger Event. The Servicer and its Affiliates cease all or substantially all servicing activity with respect to personal loans.
Servicing Centralization Trigger Event. The Servicer provides written notice to the Indenture Trustee and the Administrative Agent that the Servicer and its Affiliates intend to cease all or substantially all servicing activity with respect to personal loans
Examples of Servicing Centralization Trigger Event in a sentence
Pursuant to Section 2.1(b) of the Back-up Servicing Agreement, the Indenture Trustee hereby informs you that a Servicing Centralization Trigger Event has occurred and the Servicing Centralization Period under the Back-up Servicing Agreement shall commence upon the date hereof.