Servicing Transfer Date definition

Servicing Transfer Date. The date on which a Servicing Transfer occurs.

Servicing Transfer Date. With respect to any Mortgage Loan, the date on which servicing of such Mortgage Loan was transferred to the applicable Servicer (as set forth on the Mortgage Loan Schedule).

Servicing Transfer Date. The date or dates, set forth in the related PPTL, when the Servicer will begin servicing the Mortgage Loans for the benefit of the Purchaser.

Examples of Servicing Transfer Date in a sentence

• All property taxes and insurance premiums relating to the Mortgage Loans due on or before the Servicing Transfer Date, and for which the Seller has received a bill or invoice, or which bill or invoice is available to the Seller, has been paid.

• From and after the Servicing Transfer Date, the Purchaser shall, except as otherwise provided in this Agreement, have full power and authority, acting alone, to do any and all things in connection with the servicing and administration of the Mortgage Loans that the Purchaser may deem necessary or desirable, consistent with the terms of this Agreement and the Servicing Requirements.

• The Purchaser shall not be responsible for any fees or expenses of any Custodian, Trustee, Securities Insurer or back-up servicer required under any applicable Third Party Servicing Agreement incurred or corresponding to any period prior to the Servicing Transfer Date.

• On or before the Servicing Transfer Date, Seller shall correct and fund all cash and collateral deficiencies with respect to the custodial accounts as required by the Servicing Requirements or Investors Guidelines, except to the extent such deficiencies constitute Advance Receivables.

• On the Servicing Transfer Date, the Seller shall comply with the Servicing Transfer Procedures and deliver to the Purchaser the Mortgage Files and any other Mortgage Loan Documents or servicing-related documents in the Seller’s possession for each related Mortgage Loan.

More Definitions of Servicing Transfer Date

Servicing Transfer Date means the effective date of a transfer of servicing from the Servicer to a Successor Servicer, as provided in Section 10 of this Agreement.

Servicing Transfer Date. The Business Day next succeeding the expiration of the Transfer Period.

Servicing Transfer Date. With respect to each Servicing Agreement, the date on which all of the Third Party Consents related to such Servicing Agreement necessary to transfer the related Servicing Rights to Purchasers are received or such later date mutually agreed to by Seller and Purchasers.

Servicing Transfer Date. The date on which a Servicing Transfer occurs. Subcontractor: Any vendor, subcontractor or other Person (determined solely by the Servicer) that is not responsible for the overall servicing (as “servicing” is commonly understood by participants in the mortgage-backed securities market) of the Mortgage Loans but performs one or more discrete functions identified in Item 1122(d) of Regulation AB with respect to the Mortgage Loans under the direction or authority of the Servicer or a related Subservicer.

Servicing Transfer Date. The date on which the Servicer begins servicing the related Mortgage Loans pursuant to this Servicing Agreement.

Servicing Transfer Date. As defined in Section 5.04.

Servicing Transfer Date means the date on which a Successor Servicer has assumed all of the duties and obligations of the Servicer under the Sale and Servicing Agreement (other than in the case of the Back-up Servicer, any such duty or obligation that it is not required to assume under the terms of the Back-up Servicing Agreement) after the resignation or termination of the Servicer.