Servicing Transfer definition

Servicing Transfer. Any transfer of the servicing by a Prior Servicer of Mortgage Loans to the Servicer under this Agreement.

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Servicing Transfer has the meaning assigned in Section 8.03(a).

Servicing Transfer has the meaning set forth in Section 6.01(c).

Examples of Servicing Transfer in a sentence

• Upon a Servicing Transfer, the Successor Servicer shall also be entitled to receive the Servicer Fee for performing the obligations of the Servicer.

• The Servicer will provide the Successor Servicer with a data file (in a format reasonably acceptable to the Purchaser and the Servicer) containing the database file for each Purchased Contract (i) as of the Cutoff Date, (ii) thereafter, as of the last day of the preceding Monthly Period prior to a Servicing Transfer, and (iii) on and as of the Business Day before the actual commencement of servicing functions by the Successor Servicer following the occurrence of a Servicing Transfer.

• The Servicer is hereby appointed the servicer hereunder until such time as any Servicing Transfer may be effected under Article VIII.

More Definitions of Servicing Transfer

Servicing Transfer shall have the meaning specified in Section 8.01 of this Agreement.

Servicing Transfer has the meaning specified in Section 6.1 of the Servicing Agreement.

Servicing Transfer means the appointment of a new Servicer in accordance with clause 18.

Servicing Transfer has the meaning specified in the Transfer and Servicing Agreement[s].

Servicing Transfer shall have the meaning specified in Section 7.1 of the Trust Sale and Servicing Agreement.

Servicing Transfer shall have the meaning specified in Section 2.01(b) of the Servicing Agreement.

Servicing Transfer. If a Servicing Transfer occurs the Servicer must immediately pay to the Trustee all proceeds previously retained by it under paragraph (a) and not yet released under paragraph (a).