Common use of Servicer Rating Clause in Contracts

Servicer Rating. Within two (2) Business Days of receipt of notice of any decrease in any servicer rating of a Borrower or Subservicer by any Agency or any rating agency to a level below a below ▇▇▇▇▇’▇ rating of “SQ3” or S&P’s rating of “Average”.

Servicer Rating. Within two (2) Business Days of receipt of notice of any decrease in any servicer rating of a the Borrower or Subservicer by any Agency or any rating agency to a level below the level on the date hereof or the imposition of a below ▇▇▇▇▇’▇ new servicer threshold by any rating of “SQ3” agency or S&P’s rating of “Average”any Agency.

Servicer Rating. Within two (2) Business Days of receipt of notice of any decrease in any servicer rating of a Borrower or Subservicer by any Agency or any rating agency to a level below the level on the date hereof or the imposition of a below ▇▇▇▇▇’▇ new servicer threshold by any rating of “SQ3” agency or S&P’s rating of “Average”any Agency.