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.

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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

• Other than with respect to the Initial Sub-Servicer, no Sub-Servicing Agreement shall be effective until fifteen (15) days after such written notice is received by the Depositor and the Certificate Administrator (or such shorter period as is agreed to by the Depositor).

• In no event shall the Trust bear any termination fee required to be paid to any Sub-Servicer as a result of such Sub-Servicer’s termination under any Sub-Servicing Agreement.

• The Master Servicer shall have the right to remove a Sub-Servicer retained by it pursuant to the terms of the related Sub-Servicing Agreement.

• If at any time the Master Servicer obtains actual knowledge that a Sub-Servicer it has entered into a Sub-Servicing Agreement with, is a servicer as contemplated by Item 1108(a)(2) and is a Risk Retention Affiliate of a Subsequent Third-Party Purchaser, the Master Servicer shall terminate such Sub-Servicer in accordance with the related Sub-Servicing Agreement.

• The Trustee shall solicit bids (i) on the basis of such successor Servicer entering into a Sub-Servicing Agreement with the terminated Servicer to service the Mortgage Loan at a sub-servicing fee rate per annum equal to the Retained Servicing Fee Rate (each, a “Servicing-Retained Bid”) and (ii) on the basis of having no obligation to enter into a Sub-Servicing Agreement with the terminated Servicer (each, a “Servicing-Released Bid”).

More Definitions of Sub-Servicing Agreement

Sub-Servicing Agreement. The written contract between the Master Servicer, an Additional 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 3.01(c).

Sub-Servicing Agreement means both separately and together, (i) the Supplement to Business Operations Consignment Agreement dated [February 22, 2023] 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. 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 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 shall have the meaning set forth in the Lead Securitization Servicing Agreement.

Sub-Servicing Agreement means the Servicing Agreement, dated as of the Closing Date, between the Master Servicer and Nabors Corporate Services, Inc.

Sub-Servicing Agreement. An agreement between the Servicer and a Sub-Servicer as described in Section 2.02.