Successor Servicer definition

Successor Servicer has the meaning specified in Section 3.07(e) of the Indenture.

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Successor Servicer means any entity appointed as a successor to the Servicer pursuant to Section 8.02.

Successor Servicer has the meaning specified in Section 3.07(e).

Examples of Successor Servicer in a sentence

Upon delivery of any such notice to the Issuer, the Issuer shall obtain a new servicer as the Successor Servicer under the Sale and Servicing Agreement.
The Servicer shall within 20 Business Days of such Termination Notice transfer its electronic records relating to the Pool Receivables to the Successor Servicer in such electronic form as the Successor Servicer may reasonably request and shall promptly transfer to the Successor Servicer all other records, correspondence and documents necessary for the continued servicing of the Receivables in the manner and at such times as the Successor Servicer shall reasonably request.
If within thirty (30) days after the delivery of the notice referred to above, the Issuer shall not have obtained such a new servicer, the Indenture Trustee may appoint, or may petition a court of competent jurisdiction to appoint, a Successor Servicer.
In case the Indenture Trustee shall become successor to the Servicer under the Sale and Servicing Agreement, the Indenture Trustee shall be entitled to appoint as Servicer any one of its Affiliates or agents, provided that it shall be fully liable for the actions and omissions of such Affiliate or agent in such capacity as Successor Servicer.
To the extent that compliance with this Section 9.01 requires the Servicer to disclose to the Successor Servicer information of any kind that the Servicer deems to be confidential, the Successor Servicer shall be required to enter into such customary licensing and confidentiality agreements as the Servicer deems reasonably necessary to protect its interests.

More Definitions of Successor Servicer

Successor Servicer. Any servicer of one or more Mortgage Loans designated by the Purchaser as being entitled to the benefits of the indemnifications set forth in Subsections 9.03 and 14.

Successor Servicer shall have the meaning specified in Section 10.02(a).

Successor Servicer means any Person designated as the Successor Servicer pursuant to this Agreement and any and all Persons who previously were "Successor Servicers" pursuant to this Agreement.

Successor Servicer means an institution appointed as successor Servicer pursuant to Section 7.2 of the Sale and Servicing Agreement.

Successor Servicer has the meaning assigned in Section 8.03(b).

Successor Servicer is defined in Section 6.2 of the Servicing Agreement.

Successor Servicer. Defined in Section 6.16(a).