No Servicer Default Sample Clauses
The "No Servicer Default" clause establishes that, as of a specific date or throughout a defined period, the servicer has not committed any actions or omissions that would constitute a default under the servicing agreement. In practice, this means the servicer must confirm compliance with all contractual obligations, such as timely remittance of payments or accurate record-keeping, and that no events have occurred that would trigger remedies or penalties. This clause provides assurance to other parties, such as investors or trustees, that the servicer is performing its duties properly and that the integrity of the servicing arrangement is maintained.
No Servicer Default. No event has occurred and is continuing and no condition exists which constitutes a Servicer Default.
No Servicer Default. In the case of the Servicer, no event has occurred and is continuing and no condition exists, or would result from a purchase in respect of, or Reinvestment in respect of the Asset Interest, any Investment or from the application of the proceeds therefrom, which constitutes a Servicer Default.
No Servicer Default. No Servicer Default has occurred and is continuing.
No Servicer Default. In the case of the Servicer, no event has occurred and is continuing and no condition exists, or would result from such Borrowing or Release which constitutes, or with the passage of time or the giving of notice, or both, would constitute, a Servicer Default.
No Servicer Default. No event has occurred and is continuing and no condition exists which constitutes a Servicer Default. [remainder of this page intentionally left blank]
No Servicer Default. Default or Event of Default has occurred and is continuing under the Amended Credit Agreement or the Amended Servicing Agreement (other than the Pending Defaults).
No Servicer Default. No event has occurred and is continuing and no condition exists, or would result from the inclusion of any Collateral Debt Obligation in the Collateral or from the application of the proceeds therefrom, which constitutes or may reasonably be expected to constitute a Servicer Termination Event.
No Servicer Default. No default or event that with the passage of time or notice would become a Servicer Default has occurred or is continuing on the date hereof.
No Servicer Default. 15 SECTION 3.08. Servicing Ability................................ 15 SECTION 3.09.
No Servicer Default. There exists (i) no Servicer Default and (ii) no event that would be a Servicer Default with the expiration of any applicable grace period, the delivery of notice or both.