Servicer Transfer Event definition

Servicer Transfer Event has the meaning set forth in Section 8.01(b).
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Servicer Transfer Event means the occurrence of any of the following:
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Servicer Transfer Event means the occurrence of any Event of Default.
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Examples of Servicer Transfer Event in a sentence

  • The Trustee may only terminate the Servicer's appointment if the Trustee determines that a Servicer Transfer Event has occurred and is continuing.

  • Subject to paragraph (k), the Servicer indemnifies the Trustee against all expenses incurred as a result of a Servicer Transfer Event or a failure by the Servicer to perform its duties under the Servicing Agreement.

  • In the event of a Servicer Transfer Event, the Trustee must immediately terminate the rights and obligations of the Servicer and appoint an Eligible Servicer.

  • The Trustee is also not liable for any Trust Manager's Default, Servicer Transfer Event or Title Perfection Event.

  • The maximum amount that the Servicer may become obliged to pay to the Trustee under any indemnity by it to the Trustee is an amount equal to the Unpaid Balance of each Housing Loan affected by the relevant Servicer Transfer Event or failure, together with any expense, loss, damage or liability which the Trustee incurs in its personal capacity, in each case as at the time the Servicer pays the damages.


More Definitions of Servicer Transfer Event

Servicer Transfer Event. As defined in Section 8. 1(b).
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Servicer Transfer Event means the occurrence of any Unmatured Default or Event of Default.
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Servicer Transfer Event has the meaning set forth in SECTION 8.01(B) of the XXX Purchase Agreement.
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Servicer Transfer Event shall have the meaning given to such term in Section 6.2 hereof.
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Servicer Transfer Event means any of the events specified in clause 10.1 so far as they relate to the Servicer.
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Servicer Transfer Event in relation to a Trust has the meaning (if any) given to that term in the Servicing Agreement for that Trust.
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Servicer Transfer Event has the meaning set forth in ----------------------- Section 8.01(b). --------------- "Servicer's Fee" accrued for any day means an amount equal -------------- to (x) the Servicer's Fee Rate, times (y) the Net Pool Balance at ----- the close of business on such day, times (z) 1/360. -----
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