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 applicable Master Servicer shall have the right to remove a Sub-Servicer retained by it pursuant to the terms of the related Sub-Servicing Agreement.
The Master Servicer or the Special Servicer, as applicable, shall have the right to remove a Sub-Servicer retained by it (i) with respect to a Sub-Servicer other than an Initial Sub-Servicer only, at any time it considers removal to be in accordance with the best interests of the Trust and/or the Certificateholders and (ii) in accordance with the terms of the related Sub-Servicing Agreement.
If at any time the applicable 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 a Risk Retention Affiliate of the Third Party Purchaser, the applicable Master Servicer shall terminate such Sub-Servicer in accordance with the related Sub-Servicing Agreement.

More Definitions of Sub-Servicing Agreement

Sub-Servicing Agreement. The written contract between the Master Servicer, an Additional Servicer or the Special Servicer (if it is permitted to appoint sub-servicers pursuant to

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 means each servicing agreement between the Master Servicer and the applicable Sub-Servicer with respect to the servicing of the Student Loans, as the same may be amended, supplemented or otherwise modified from time to time in accordance with the terms thereof and with the terms of the Indenture, including the PHEAA Servicing Agreement and the Special Servicing Agreement.