Standby Servicer definition

Standby Servicer means Norwest Bank Minnesota, National Association, in its capacity as Standby Servicer pursuant to the terms of the Servicing Assumption Agreement or such Person as shall have been appointed Standby Servicer pursuant to Section 9.2(c).

Standby Servicer means U.S. Bank National Association.

Standby Servicer means Computershare Trust Company, National Association, and its permitted successors and assigns.

Examples of Standby Servicer in a sentence

• Unless otherwise indicated, capitalized terms used in this Agreement are defined in Appendix A to the Sale and Servicing Agreement dated as of the date hereof (as from time to time amended, restated, supplemented or otherwise modified and in effect, the “Sale and Servicing Agreement”) between the Issuer, the Grantor Trust, the Depositor, as seller, the Servicer, Computershare Trust Company, National Association, as Standby Servicer and as Indenture Trustee.

• If a successor Xxxxxxxx has not been appointed at the time when the outgoing Servicer ceases to act as Servicer after resigning or being removed in accordance with this Section 7.1, the Standby Servicer without further action will automatically be appointed the successor Servicer.

• Rio Salado Parkway Tempe, Arizona 85281 Attention: General Counsel Email: xxxxx.xxxxxxxxx@xxxxxxxxx.xxx If to the Indenture Trustee, Certificate Paying Agent, Certificate Registrar or Standby Servicer: Computershare Trust Company, National Association 0000 Xxxxxx Xxxx Xxxxx St. Xxxx, Minnesota Attention: Computershare Corporate Trust – Asset-Backed Administration If to the Owner Trustee, the Grantor Trust Trustee or the Grantor Trust Certificate Registrar: Wilmington Trust, National Association 0000 X.

• Neither the Indenture Trustee nor the Standby Servicer shall be liable for the acts or omissions of the Servicer, in its capacity as custodian of the Receivable Files.

• The indemnification obligations of the Standby Servicer, upon becoming a successor Servicer are expressly limited to those instances of negligence, willful misconduct or bad faith of the Standby Servicer in its role as successor Servicer.

More Definitions of Standby Servicer

Standby Servicer means Bankers Trust Company or such other party as may be appointed by the Trustee to stand ready to act as a Successor Servicer in the event that Gottschalks is removed as Servicer.

Standby Servicer means a Person satisfying the eligibility criteria applicable to a Successor Servicer under Section 8.6(2) of the Pooling and Servicing Agreement who has agreed in writing to act, upon the written request of the Custodian, as the Successor Servicer in circumstances where the Co-Owners determine to replace the Servicer as a result of the occurrence of a servicer termination event described in (e) of Section 9.1;

Standby Servicer means __________ in its capacity as Standby Servicer or such Person as shall have been appointed Standby Servicer pursuant to Section 8.03 hereof.

Standby Servicer means the Person selected by Agent to act as standby servicer in accordance with this Agreement. The Standby Servicer will be Concord Servicing Corporation.

Standby Servicer means Systems & Services Technologies, Inc., and its successors and assigns, and any successor standby servicer appointed by the Note Insurer.

Standby Servicer means Norwest Bank Minnesota, National Association, in its capacity as Standby Servicer pursuant to the terms of the Servicing Assumption Agreement or such other Person as may have been appointed Standby Servicer pursuant to Section 9.2(c).

Standby Servicer means Emric Operations AB in its capacity as standby servicer in accordance with the Standby Servicing Agreement, or another party replacing it, as Standby Servicer, in accordance with the Transaction Documents.