Common use of Servicer Remittance Date Clause in Contracts

Servicer Remittance Date. The 18th day of any month, or if such 18th day is not a Business Day, the first Business Day immediately preceding such 18th day. Service(s)(ing): In accordance with Regulation AB, the act of servicing and administering the Mortgage Loans or any other assets of the Trust Estate by an entity that meets the definition of “servicer” set forth in Item 1101 of Regulation AB and is subject to the disclosure requirements set forth in 1108 of Regulation AB. Any uncapitalized occurrence of this term shall have the meaning commonly understood by participants in the residential mortgage-backed securitization market.