Servicing Services definition
Examples of Servicing Services in a sentence
In furtherance thereof, the Servicer shall provide any such identified backup servicer with reasonable access to the Servicing Files, systems and personnel necessary to enable such backup servicer to assume the Servicing Services.
Until a successor or backup servicer has assumed the Servicing Services, the Servicer shall continue to perform all Servicing Services in accordance with this Agreement.
The Purchaser hereby agrees that the Servicer shall be entitled, as compensation to the Servicer providing the Servicing Services, to payment of the Servicing Fee in accordance with Section 2.5(a) of the Purchase Agreement.
On and after the receipt by the Servicer of a notice of termination pursuant to this Section 4.2, the terminated Servicer shall continue to provide all of the Servicing Services (and shall remain entitled to receive fees and expenses) under this Agreement until a successor servicer designated by Purchaser assumes the servicing duties for the Transferred Loans.
For the avoidance of doubt, the Servicer is authorized to engage in all generally accepted servicing and collection practices that are in accordance with Accepted Servicing Practices, including but not limited to undertaking servicing activities defined as Routine Servicing Services and Default Servicing Services in this Agreement, subject to the Delegated Authority Matrix.
Any Servicing Services listed in the Delegated Authority Matrix that do not require the Purchaser’s prior authorization or services that are not addressed in the Delegated Authority Matrix may be conducted without the Purchaser’s prior authorization.