Sub-Servicing Agreement definition

Sub-Servicing Agreement. The written contract between the Servicer and a Sub-Servicer relating to servicing and administration of certain Mortgage Loans as provided in Section 3.02.

Sub-Servicing Agreement means any written contract entered into between a Servicer and any Sub-Servicer pursuant to and in accordance with the Servicing Agreement.

Sub-Servicing Agreement. Any servicing agreement between the Master Servicer or a Servicer and a Sub Servicer pursuant to which the Master Servicer or a Servicer delegates any of its servicing responsibilities with respect to any of the Mortgage Loans.

Examples of Sub-Servicing Agreement in a sentence

• The terms of any Sub-Servicing Agreement will not be inconsistent with any of the provisions of this Agreement.

• In the event of termination of any Sub-Servicer, all servicing obligations of such Sub-Servicer shall be assumed simultaneously by the Servicer without any act or deed on the part of such Sub-Servicer or the Servicer, and the Servicer either shall service directly the related Mortgage Loans or shall enter into a Sub-Servicing Agreement with a successor Sub-Servicer which qualifies under Section 3.02.

• The Master Servicer shall be entitled to terminate any Sub-Servicing Agreement and the rights and obligations of any Sub-Servicer pursuant to any Sub-Servicing Agreement in accordance with the terms and conditions of such Sub-Servicing Agreement.

• In the event of termination of any Sub-Servicer, all servicing obligations of such Sub-Servicer shall be assumed simultaneously by the Master Servicer without any act or deed on the part of such Sub-Servicer or the Master Servicer, and the Master Servicer either shall service directly the related Mortgage Loans or shall enter into a Sub-Servicing Agreement with a successor Sub-Servicer which qualifies under Section 3.02.

• Each Sub-Servicing Agreement must impose on the Sub-Servicer requirements conforming to the provisions set forth in Section 3.08 and provide for servicing of the Mortgage Loans consistent with the terms of this Agreement.

More Definitions of Sub-Servicing Agreement

Sub-Servicing Agreement. The written contract between the Servicer or the Special Servicer, as the case may be, and any Sub-Servicer relating to servicing and administration of Mortgage Loans as provided in Section 3.22.

Sub-Servicing Agreement. The written contract between the Master Servicer or the Special Servicer, on the one hand, and any Sub-Servicer, on the other hand, relating to servicing and administration of Mortgage Loans or Serviced Loan Combinations as provided in Section 3.22.

Sub-Servicing Agreement means both separately and together, (i) the Supplement to Business Operations Consignment Agreement dated February 22, 2022 entered into by and between the Servicer, JACCS as a Sub-Servicer and the Trustee of the First Trust and (ii) the Supplement to Business Operations Consignment Agreement dated the same date entered into by and between the Servicer, SMBC Finance Service as a Sub-Servicer and the Trustee of the First Trust, pursuant to which each Sub- Servicer will be delegated a certain part of the Servicing Activities delegated to the Servicer under the Servicing Agreement (as amended).

Sub-Servicing Agreement means, as the case may be (i) the sub-servicing agreement entered into on 20 May 2013 between the Guarantor, the Master Servicer and BPF; or (ii) the sub- servicing agreement entered into on 20 May 2013 between the Guarantor, the Master Servicer and Carispe.

Sub-Servicing Agreement. Any agreement between the Servicer and any Sub-Servicer, relating to servicing or administration of certain Mortgage Loans as provided in Section 5.02, in such form as has been approved by the Servicer.

Sub-Servicing Agreement. The written contract between the Master Servicer and any Sub-Servicer relating to servicing

Sub-Servicing Agreement means the subservices agreement dated as of June 1, 2017 between the Servicer and the Sub-Servicer, as amended on June 7, 2018, as it may be further amended, supplemented, amended and restated or otherwise modified, from time to time.