Unmatured Servicer Default definition

Unmatured Servicer Default means any event that, if it continues uncured, will, with lapse of time or notice or lapse of time and notice, constitute a Servicer Default.
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Unmatured Servicer Default means any event that, with the giving of notice or lapse of time, or both, would become a Servicer Default.
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Unmatured Servicer Default shall have the meaning set forth in the Transfer and Servicing Agreement.
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Examples of Unmatured Servicer Default in a sentence

  • SECTION 4.1. The Borrower hereby represents and warrants to the Facility Agent that, as of the date first written above, no Event of Default, Unmatured Event of Default, Servicer Default or Unmatured Servicer Default has occurred and is continuing and (ii) the representations and warranties of the Borrower contained in the Loan Agreement are true and correct in all material respects on and as of such day (other than any representation and warranty that is made as of a specific date).

  • During the existence of an Unmatured Event of Default, an Event of Default, an Unmatured Servicer Default or a Servicer Default, there shall be no limit on the timing or number of such inspections and no prior notice will be required before any inspection.

  • So long as no Unmatured Event of Default, Event of Default, Unmatured Servicer Default or Servicer Default has occurred and is continuing, such visits and inspections shall occur only (i) upon three Business Days’ prior written notice, (ii) during normal business hours and (iii) no more than once in any calendar year.

  • The Servicer shall deliver to the Facility Agent and the Collateral Agent, promptly after a Responsible Officer having obtained knowledge thereof, but in no event later than two Business Days thereafter, written notice in an Officer’s Certificate of any Unmatured Servicer Default or Unmatured Event of Default.


More Definitions of Unmatured Servicer Default

Unmatured Servicer Default shall have the meaning set forth in the Servicing Agreement.
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Unmatured Servicer Default has the meaning given to such term in the Servicing Agreement.
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Unmatured Servicer Default means any event that, if it continues uncured, will, with lapse of time or notice or lapse of time and notice, constitute a
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Related to Unmatured Servicer Default

  • Servicer Default means an event specified in Section 8.01.

  • Unmatured Event of Default means any event that, if it continues uncured, will, with lapse of time, notice or lapse of time and notice, constitute an Event of Default.

  • Employer default means having an outstanding balance or liability to the old fund or to the uninsured employers' fund or being in policy default, as defined in W. Va. Code § 23-2c-2, failure to maintain mandatory workers' compensation coverage, or failure to fully meet its obligations as a workers' compensation self-insured employer. An employer is not in employer default if it has entered into a repayment agreement with the Insurance Commissioner and remains in compliance with the obligations under the repayment agreement.

  • Servicer Termination Event shall have the meaning assigned to such term in the Lead Securitization Servicing Agreement or at any time that the Mortgage Loan is no longer subject to the provisions of the Lead Securitization Servicing Agreement, any analogous concept under the servicing agreement pursuant to which the Mortgage Loan is being serviced in accordance with the terms of this Agreement.