Trustee Letters definition
Trustee Letters. With respect to each Pooling and Servicing Agreement, a letter or letters from the related Trustee sufficient to satisfy the requirements of such Pooling and Servicing Agreement with respect to the appointment of the Purchaser as the servicer under the Pooling and Servicing Agreement, and which does not reduce or limit the rights or compensation of the servicer under the applicable Pooling and Servicing Agreement.
Trustee Letters. With respect to each MBS Servicing Agreement, a letter or letters sufficient to satisfy the requirements of such MBS Servicing Agreement with respect to the appointment of the Purchaser as the servicer under the MBS Servicing Agreement, and which does not reduce or limit the rights or compensation of the servicer under the applicable MBS Servicing Agreement or impose unduly burdensome requirements on the Purchaser.
Examples of Trustee Letters in a sentence
The purchase and sale of any Servicing Rights is subject to Seller obtaining all Bond Insurer Letters, Rating Agency Letters and Trustee Letters and any other consent or notification letters required pursuant to the MBS Servicing Agreements at its sole expense.