Primary Servicer Default definition
Examples of Primary Servicer Default in a sentence
In connection with any resignation under subsections (a) or (b) above, the Primary Servicer shall comply with Section 6.3 as if a Primary Servicer Default occurred, except that reference in such Section to Primary Servicing Termination Date shall be construed to mean the date of resignation under subsections (a) or (b) above, as the case may be.
Primary Servicer agrees to give prompt written notice to the Master Servicer and the Depositor (and any other Applicable Depositor) upon the occurrence of any Primary Servicer Default.
Primary Servicer agrees to give prompt written notice to Master Servicer upon the occurrence of any Primary Servicer Default.
The obligations and responsibilities of the Primary Servicer as created hereby (other than as expressly provided herein) shall terminate upon the earlier to occur of (i) the receipt by the Primary Servicer of the Master Servicer's written notice of such termination delivered at the Master Servicer's option following the occurrence of a Primary Servicer Default or (ii) the final payment or other liquidation of the last Mortgage Loan remaining outstanding (the "Primary Servicing Termination Date").
Primary Servicer agrees to give prompt written notice to the Capmark Master Servicer and the Depositor (and any other Applicable Depositor) upon the occurrence of any Primary Servicer Default.
Primary Servicer’s rights and obligations shall expressly survive a termination of Master Servicer’s servicing rights pursuant to the Pooling and Servicing Agreement (except a termination of Master Servicer caused by a Primary Servicer Default).
Primary Servicer Default 23 Section 6.2.........................................................
Section 6.1 Primary Servicer Default..................................