Servicing Rights Pledgee definition

Servicing Rights Pledgee. One or more lenders, selected by the Servicer, to which the Servicer may pledge and assign all of its right, title and interest in, to and under this Agreement.

Servicing Rights Pledgee. One or more lenders, selected by the Servicer, to which the Servicer may pledge and assign all of its right, title and interest in, to and under this Agreement (other than rights with respect to Advances and Servicing Advances herein), including JPMorgan Chase Bank, N.A., as the representative of certain lenders.

Servicing Rights Pledgee. One or more lenders, selected by the Servicer, to which the Servicer may pledge and assign all of its right, title and interest in, to and under this Agreement, including Wachovia Bank, N.A., as the representative of certain lenders.

Examples of Servicing Rights Pledgee in a sentence

• No appointment of a successor to the Servicer hereunder shall be effective until the Trustee shall have consented thereto, prior written consent of the NIMs Insurer is obtained (provided, that such prior written consent shall not be required in the event that the Servicing Rights Pledgee or its designee is so appointed as successor servicer) and written notice of such proposed appointment shall have been provided by the Trustee to each Certificateholder.

• All costs and expenses associated with the appointment, whether or not consummated, and the subsequent transfer of servicing (which must be completed within 100 days after receipt by the Servicer of a notice of termination) are required to be paid by the terminated Servicer, the Servicing Rights Owner or the Servicing Rights Pledgee out of the proceeds of sale or otherwise.

• Notwithstanding the foregoing, if a Servicer Event of Default occurs, the Servicer, the Servicing Rights Owner or the Servicing Rights Pledgee shall have a period of up to twenty (20) days after receipt of a notice of termination to appoint an Approved Servicer as Successor Servicer.

• Any proceeds remaining after such costs and expenses have been paid for by the terminated Servicer, shall be the property of the terminated Servicer, the Servicing Rights Owner or the Servicing Rights Pledgee, as applicable.

• Such right of appointment shall terminate immediately, however, if such terminated Servicer, the Servicing Rights Owner or the Servicing Rights Pledgee fails to make any required Monthly Advance, Servicing Advance or any other deposit required to be made pursuant to the terms of this Agreement, as and when required by this Agreement (taking into account any applicable cure period).

More Definitions of Servicing Rights Pledgee

Servicing Rights Pledgee. As defined in Section 7.04.

Servicing Rights Pledgee. The entity designated by the Servicing Rights Owner pursuant to Section 3.28.

Servicing Rights Pledgee. One or more lenders, selected by Litton, to which Litton may pledge and assign some or all of its right, xxxxx and interexx xx, to and under this Agreement (other than rights with respect to P&I Advances and Servicing Advances herein) pursuant to and as provided in Section 6.06, including without limitation JPMorgan Chase Bank, National Association as the representative of certain lenders.

Servicing Rights Pledgee. In the event that the Special Sub-Servicer is designated as the successor Master Servicer pursuant to Section 7.02(a), one or more lenders, selected by the Special Sub-Servicer (in its capacity as successor Master Servicer), to which the Special Sub- Servicer (in its capacity as successor Master Servicer) will pledge and assign all of its right, title and interest in, to and under this Agreement, including First Union National Bank, as the representative of certain lenders.

Servicing Rights Pledgee. One or more third parties, selected by the Master Servicer, to which the Master Servicer will pledge and assign all of its right, title and interest in, to and under this Agreement.

Servicing Rights Pledgee. The entity designated by the Servicing Rights Owner pursuant to section 7.04(c). SLS: Specialized Loan Servicing LLC, a Delaware limited liability company, and its successors and assigns.

Servicing Rights Pledgee. One or more lenders, selected by the Servicer, to which the Servicer may pledge and assign all of its right, title and interest in, to and under this Agreement, including Wachovia Bank, National Association.