Backup Servicer Appointment Date definition

Backup Servicer Appointment Date means the date that an entity agrees to become Backup Servicer.
View Source

Examples of Backup Servicer Appointment Date in a sentence

  • Commencing on the Backup Servicer Appointment Date and until such time, if any, as the Backup Servicer shall become successor Servicer, the Backup Servicer, for the benefit of the Noteholders, shall perform the monitoring, review, inspection and other backup servicing functions substantially as are set forth in Annex A, such performance to be provided for each Collection Period or at such other times and intervals as may be specified in Annex A.

  • As set forth in Section 8.03(a), in the event CRB is terminated as Servicer following the Backup Servicer Appointment Date, the Backup Servicer shall become the successor Servicer hereunder; provided, that notwithstanding that the Backup Servicer becomes successor Servicer hereunder, it shall have no obligation at any time to make Advances.

  • Commencing on the Backup Servicer Appointment Date and until such time, if any, as the Backup Servicer shall become Successor Servicer, the Backup Servicer, for the benefit of the Noteholders, shall perform the monitoring, review, inspection and other backup servicing functions substantially as are set forth in Annex A, such performance to be provided for each Collection Period or at such other times and intervals as may be specified in Annex A.

  • As set forth in Section 8.03(a), in the event Mechanics Bank is terminated as Servicer following the Backup Servicer Appointment Date, the Backup Servicer shall become the Successor Servicer hereunder; provided, that notwithstanding that the Backup Servicer becomes Successor Servicer hereunder, it shall have no obligation at any time to make Advances.

  • As set forth in Section 8.03(a), in the event Mechanics Bank is terminated as Servicer following the Backup Servicer Appointment Date, the Backup Servicer shall become the successor Servicer hereunder; provided, that notwithstanding that the Backup Servicer becomes successor Servicer hereunder, it shall have no obligation at any time to make Advances.

Related to Backup Servicer Appointment Date

  • Backup Servicer Fee means the fee to be paid to the Backup Servicer as set forth in the Backup Servicing Agreement.

  • Backup Servicer means W▇▇▇▇ Fargo Bank, National Association, in its capacity as Backup Servicer under this Agreement.

  • Backup Servicer Termination Notice has the meaning given to such term in Section 8.04.

  • Backup Servicing Fee means, as to each Distribution Date, $4,000; provided, however, that if the Backup Servicer becomes the successor Servicer, such fee shall no longer be paid.

  • Backup Servicing Agreement means the Amended and Restated Backup Servicing Agreement dated as of the Closing Date among the Borrower, the Servicer, the Administrative Agent and the Backup Servicer, as amended by that certain Amendment No. 1 to Backup Servicing Agreement dated as of April 14, 2009, as the same may from time to time be further amended, restated, supplemented, waived or modified.