Servicing-Retained Bid definition

Servicing-Retained Bid. As defined in Section 7.01(c).

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Servicing-Retained Bid shall have the meaning assigned thereto in Section 7.01(c).

Servicing-Retained Bid. As defined in SECTION 7.01(c).

Examples of Servicing-Retained Bid in a sentence

• The Trustee shall select the Qualified Bidder with the highest cash Servicing-Retained Bid (or, if none, the highest cash Servicing Released Bid) (the “Successful Bidder”) to act as successor Servicer hereunder.

• The Trustee shall direct the Successful Bidder to enter into this Agreement as successor Servicer pursuant to the terms hereof (and, if the successful bid was a Servicing-Retained Bid, to enter into a Sub-Servicing Agreement with the terminated Servicer as contemplated above), no later than forty-five (45) days after the termination of the terminated Servicer.

• The Trustee shall direct the Successful Bidder to enter into this Agreement as successor Servicer pursuant to the terms hereof (and, if the successful bid was a Servicing-Retained Bid, to enter into a Sub- Servicing Agreement with the terminated Servicer as contemplated above), no later than 45 days after the termination of the terminated Servicer.