Successor Servicer definition

Successor Servicer has the meaning specified in Section 3.07(e).
Successor Servicer means any entity appointed as a successor to the Servicer pursuant to Section 8.02.
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 14.01.

Examples of Successor Servicer in a sentence

  • If the Initial Member exercises its right to appoint a Successor Servicer pursuant to Section 5.1(a)(vi), the costs and expenses associated with such Successor Servicer (including any servicing fees) shall be borne by the Manager (and not the Initial Member or Debtor), and no termination or other fee shall be due to the Manager or the Servicer or any Subservicer in connection with or as a result of any such action.


More Definitions of Successor Servicer

Successor Servicer is defined in Section 3.07(e) of the Indenture.
Successor Servicer shall have the meaning specified in Section 3.7(e) of the Indenture.
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 is defined in Section 6.2 of the Servicing Agreement.
Successor Servicer has the meaning given such term in Section 8.02(b).