Servicing Termination Event definition

Servicing Termination Event has the meaning set forth in Section 6.1 of the Serving Agreement.

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Servicing Termination Event has the meaning specified in Section 4.3.

Servicing Termination Event. As of any Payment Date, the occurrence of any of the following scenarios:

Examples of Servicing Termination Event in a sentence

So long as no Servicing Termination Event shall have occurred and be continuing, the Servicer shall have the right to execute any and all such court pleadings, requests and other documents as attorney-in-fact for, and on behalf of the Trustee.
Upon any such waiver, such Servicing Termination Event shall cease to exist and be deemed to have been cured and not to have occurred and any Servicing Termination Event arising therefrom shall be deemed not to have occurred for every purpose of this Agreement, but no such waiver shall extend to any prior, subsequent or other Servicing Termination Event or impair any right consequent thereto.
In order to induce Purchaser and Agent to execute and deliver this Amendment, Seller hereby represents to Purchaser and Agent that as of the date hereof, (i) Seller is in full compliance with all of the terms and conditions of the Program Documents and remains bound by the terms thereof, (ii) no default or event of default has occurred and is continuing under the Program Documents, and (iii) no Servicing Termination Event has occurred and is continuing under the Purchase Agreement.
If such Servicing Term is not renewed (which is hereby deemed renewed unless (i) a Servicing Termination Event has occurred and is continuing or (ii) if the Seller is the Servicer, a Repo Trigger Event under the Master Repurchase Agreement has occurred and is continuing), the Servicer agrees that the Indenture Trustee may terminate the Servicer as servicer hereunder at will and the Servicer shall transfer the servicing as described below.
This Agreement may not be assigned by Purchaser without the prior written consent of Seller, unless (i) such assignment is to an Affiliate of Purchaser, or (ii) a Potential Servicing Termination Event or a Service Termination Event has occurred and is continuing.

More Definitions of Servicing Termination Event

Servicing Termination Event. One or more of the events described in Section 7.01(i)-(vii).

Servicing Termination Event means, with respect to each Mortgage Loan, the expiration of the term during which Seller has been appointed to interim service such Mortgage Loan or any other event which results in the termination of Seller's rights and obligations to service such Mortgage Loan each pursuant to the terms of Section 6.04.

Servicing Termination Event means (i) a material breach of the Servicing Agreement by Servicer or (ii) the initiation of any investigation or non-routine audit of Servicer by any Governmental Authority, any trade association or consumer advocacy group relating to the acquisition, sale or servicing of Mortgage Loans by Servicer or the business operations of Servicer.

Servicing Termination Event shall have the meaning ascribed thereto in the Purchase Agreement.

Servicing Termination Event means a failure on the part of the Servicer to observe or perform any of its duties or obligations as Servicer under the Purchase Agreement or as "Servicer" under the Triple-A Purchase Agreement, as determined by the Collateral Agent in its reasonable judgment.

Servicing Termination Event has the meaning given to such term in Clause 8.1.

Servicing Termination Event means the occurrence of any of the following: