Servicing Platform definition

Servicing Platform has the meaning set forth in the definition of "Purchased Assets." "Servicing Portfolio" means the portfolio of mortgage loans not owned by the Seller but as to which the Seller provides Servicing. "Settlement Proceeds" has the meaning set forth in Section 2.1(d). "Shared Contracts" has the meaning set forth in Section 9.1(c). "Shared Assigned Contracts" has the meaning set forth in Section 9.1(c). "Shareholder" has the meaning set forth in the opening paragraph. "Shareholder Assigned Contracts" has the meaning set forth in Section 9.1(a). "Shareholder Contracts" has the meaning set forth in Section 9.1(a). "Shareholder Assumed Liabilities" means the liabilities and obligations of Shareholder or other Seller Affiliate after the Closing Date arising under the Shareholder Assigned Contracts that are assigned to the Buyer except to the extent such obligations (A) would have been paid, performed or otherwise discharged on or prior to the Closing Date but for a breach or default by such party or (B) arise out of any breach or default by such party. "Stated Principal Balance" has the meaning set forth in Section 10.2(d). "Sublease" means the proposed Sublease to be entered into at Closing in substantially the form of Exhibit C-2 hereto (it being understood and agreed that the Buyer shall sublease at least the entire third floor and the portion of the second floor represented by the noncommon usable space west of the elevator lobby (i.e. the short end), and may sublease other space in the building that the Buyer specifies in writing to the Seller within 15 Business Days after the date hereof (provided, that Buyer must first elect to sublease the remainder of the second floor before subleasing any portion of the first or fourth floors), and the amounts payable thereunder shall be based on the amounts paid by Seller multiplied by a fraction, the numerator of which shall be the total square footage of usable space subleased by Buyer and the denominator of which shall be the total square footage of usable space leased by Seller.) "Survival Period" has the meaning set forth in Section 10.1. "Surviving Entity" has the meaning set forth in Section 6.9(a). "Tangible Personal Property" means all furniture, fixtures, machinery, equipment, tools, computers (including computer hardware), demonstration equipment, prototypes and other tangible personal property which are used or held for use by Seller primarily in, or are necessary for, the conduct of the Business as a going c...
View Source
Servicing Platform includes the following:
View Source
Servicing Platform means a consumer credit card servicing platform that includes, at a minimum: (a) the ability to perform the Servicing functions performed by Company with respect to the Program as of January 1, 2025 and (b) the Servicing functions set forth in Schedule 4.13(b).
View Source

Examples of Servicing Platform in a sentence

  • Since the date of this Agreement, no Material Adverse Effect with respect to the Transferred Assets or the Mortgage Servicing Platform shall have occurred and be continuing.

  • The obligations and performance of the Purchaser under this Agreement are conditioned upon and subject to Metwest maintaining the Servicing Platform for the period commencing on the Closing Date and continuing thereafter through and including the applicable Transfer Date.

  • You agree that, prior to receiving any Earned Income, you will establish an Approved Bank Account with a financial institution designated or approved by the Company in writing, and also will permit integration of the Approved Bank Account with Servicing Platform as necessary to permit the Company to track your Earned Income, monitor account activity and balances, perform Reconciliations and, if elected by you, process and withdraw your Monthly Payments from your Approved Bank Account.

  • The Transferor Financial Statements present fairly in all material respects the expenses incurred in the ownership, use, operation, maintenance or licensing of the Transferred Assets, the conduct of the Mortgage Servicing Platform and compensating the Platform Employees and beginning, ending and average loan volumes associated with the Transferred Assets during the periods indicated therein.

  • To the Knowledge of Transferor, there are no actions, conditions or circumstances pertaining to the Transferring Entities’ or Affiliates’ activities that would reasonably be expected to give rise to any future material Legal Proceedings under any Anti-Corruption Laws with respect to the Transferred Assets or the Mortgage Servicing Platform.

  • Subservicer will develop a program to electronically retrieve the credit scores of certain borrowers specified by Owner/Servicer from Owner/Servicer’s third party vendors on a quarterly basis, and shall subsequently enter such retrieved scores into Subservicer’s Mortgage Servicing Platform (MSP).

  • The Sellers agrees that the Purchaser shall assume no obligations or liabilities and shall not become responsible for the performance or satisfaction of any obligations or liabilities with respect to or arising out of the Servicing Platform.

  • Servicing Platform equipment, furniture, improvements and software located in Santa Rosa, California (leasehold interest) if and only if Subscriber has notified Debtor by May 31, 1999 and the parties have reached an agreement acceptable to them before Closing providing the terms and conditions of such transfer, including price and assumption of liabilities.

  • The Transferee acknowledges, on behalf of itself and its Subsidiaries, that (i) the Mortgage Servicing Platform as presently conducted receives or benefits from Overhead and Shared Services furnished by Guarantor or its Affiliates, and (ii) effective as of the Closing, the sole obligations of Guarantor and its Affiliates with respect to the provision of any Overhead and Shared Services to the Mortgage Servicing Platform shall be as set forth in the Transition Services Agreement.

  • Nothing in this Section 5.15(b) shall obligate the Transferee to use data obtained from Xome for any products or services provided to Persons other than Guarantor or its Subsidiaries (including products or services relating to the Mortgage Servicing Platform).


More Definitions of Servicing Platform

Servicing Platform means any Company-approved interface provided, whether owned and / or operated by the Company, Stride Funding Inc., any Processing Agent, or a third-party technology provider that Company has designated to support ISA servicing under this Agreement. The Servicing Platform will provide the Company an ability to securely connect to Obligor’s bank account and payroll provider system, for purposes of income and employment verification.
View Source
Servicing Platform. The Seller’s business of originating and servicing residential mortgage loans and real properties for its benefit and for the benefit of other Persons.
View Source

Related to Servicing Platform

  • Master Servicer Servicing Personnel The divisions and individuals of the Master Servicer who are involved in the performance of the duties of the Master Servicer under this Agreement.

  • 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 Procedures means the servicing procedures of Ford Credit relating to retail installment sale contracts originated or purchased by Ford Credit as the procedures may change.

  • Special Servicer Servicing Personnel The divisions and individuals of the Special Servicer who are involved in the performance of the duties of the Special Servicer under this Agreement.

  • Primary Servicing Agreement means the agreement between the applicable Primary Servicer and the Master Servicer, under which such applicable Primary Servicer services the Mortgage Loans set forth on the schedule attached thereto.