Support Facility Provider definition
Examples of Support Facility Provider in a sentence
If the Servicer receives or collects any Loss Recoveries in respect of a Mortgage Loan for which payment has already been received by or on behalf of the Trustee from a Support Facility Provider, then the Servicer must pay such amount to the relevant Support Facility Provider pursuant to the relevant Support Facility.
Where the Trustee is entitled to retain any such Loss Recoveries pursuant to such Support Facility, or receives any Loss Recoveries from the Support Facility Provider, then such amounts will be included in Other Income Amounts.
The Servicer must deliver copies of all proposed material amendments to the Servicing Guidelines which relate to the Servicer's servicing functions in respect of the Mortgage Loan Rights then comprising Assets of the Series Trust to each Support Facility Provider where the consent of such Support Facility Provider to such material amendment is required under the terms of the corresponding Support Facility.
The adoption of those amendments by the Servicer takes effect upon the consent of the Support Facility Provider to the proposed amendment (or, where provided under the Support Facility, upon the date that the Support Facility Provider is deemed to have consented to the proposed amendment).
The Parties acknowledge and agree that for the purposes of the Trust Deed, this Agreement is a "Hedge Agreement" and Party A is a "Swap Provider" and "Support Facility Provider".