Related Definitions
- Subservicing Agreement
- Subservicing Arrangements
- Interim Servicing Agreement
- Master Upkeep Arrangement
- Sub-Upkeep Agreement
- Back-Right up Servicing Arrangement
- Servicing Preparations
- No. 1 Servicing Arrangement
- Very first Repair Contract
Provider will perhaps not amend or else modify the SPS Subservicing Contract; given, yet not, one to Seller can get terminate this new SPS Subservicing Agreement.
Seller might not engage any subservicer towards Deferred Servicing Agreements aside from regarding the brand new SPS Subservicing Agreement.
Related to SPS Subservicing Arrangement
Subservicing Agreement The newest created contract within Master Servicer and any Subservicer in accordance with upkeep and you may government off particular Mortgage loans because the offered for the Section 3.02, essentially in the way of brand new servicer package labeled otherwise contained in the Program Book or perhaps in like most other function since the has been approved by the Master Servicer and Depositor.
Interim Servicing Contract The contract becoming inserted toward of the Purchaser together with Meantime Servicer, delivering into the Interim Servicer to provider the loan Fund given that specified by the Meantime Servicing Agreement.
Master Repair Arrangement setting the dog owner servicing arrangement registered on the to your between your Guarantor, the brand new Issuer in addition to Grasp Servicer.
Sub-Upkeep Agreement The new authored contract between the Servicer and you may a sub-Servicer according to servicing and you can management regarding specific Mortgages since the given within the Point 3.02.
Back-Right up Maintenance Contract means that particular Right back-Upwards Upkeep Agreement to be registered to the of the and you may among the many Team, the new Administrative Broker in addition to Right back-Up Servicer, as such arrangement concluded, restated, formulated or otherwise changed from time to time.
Servicing Plans Each of the Repair Arrangements done regarding part of the Mortgage loans by the one of several Servicers, and therefore arrangements was affixed hereto, together, as the Exhibit L.
First Repair Contract function this new arrangement within applicable Primary Servicer therefore the Master Servicer, around hence instance appropriate First Servicer functions the mortgage Money set forth on agenda connected thereto.
Nationwide Maintenance Arrangement Solely with regards to the Nationwide Mortgages, the borrowed funds Mortgage Buy and Maintenance Contract, old at the time of , amongst the Transferor, since the consumer, and you can Countrywide, given that vendor and as servicer (as replacement so you’re able to Countrywide Mortgage brokers, Inc. from the an assignment dated concluded or supplemented), because the same ended periodically, and you may one projects and conveyances associated with brand new Countrywide Mortgage loans.
Revenue and you may Maintenance Contract function new Marketing and you can Servicing Agreement, old at the time of the newest Closing Time, between the Provider, the newest Issuer, brand new Servicer and Indenture Trustee, just like the exact same concluded, altered otherwise formulated sometimes.
Content Upkeep Contract means the newest Revised and you will Restated Duplicate Servicing Agreement old since the fresh Closing Date among the Borrower, the latest Servicer, the fresh Administrative Agent while the Duplicate Servicer, just like the amended of the any particular one Modification Zero. step 1 so you’re able to Copy Servicing Arrangement old at the time of age ended, restated, formulated, waived otherwise modified.
Non-Lead Servicing Agreements function the fresh PSA regarding for every single Low-Lead Notice (aside from the fresh Non-Lead Observe that is included leading the way Securitization).
Non-Direct Repair Arrangement setting the fresh new pooling and repair arrangement, trust and servicing arrangement or any other equivalent contract become joined towards the to the a low-Head Securitization Mention.
Repair Price mode, regarding individuals, the brand new plan, though in writing, under which see your face gets the straight to provider Mortgages.
Direct Securitization Servicing Agreement means (i) the newest pooling and servicing agreement and other similar contract about top honors Securitization, and you can (ii) into and you may following date on what the borrowed funds Mortgage was no longer subject to the latest conditions of the Head Securitization Maintenance Contract, the latest Head Securitization Servicing Agreement will likely be computed in accordance with the next section of Point 2(a).
Substitute Servicing Agreement function a servicing contract which has upkeep specifications do you know the same as or even more good for the Low-Direct Noteholders, in the substance, to the people from the Repair Contract (and, in the place of limitation, every relevant provisions per payday loan Mansfield Center beginning of information and reports called for the Low-Direct Securitization so you’re able to adhere to any relevant revealing requirements beneath the Ties Replace Act out-of 1934, since the amended) and all sorts of recommendations here on the Upkeep Agreement should suggest such as further repair agreement; considering, yet not, if a non-Direct Securitization Note is actually a beneficial Securitization, upcoming a score Department Verification should was obtained from for every single Rating Agency with respect to such as for instance after that upkeep agreement.
Repair Addendum The newest small print attached hereto once the Showcase 8 that can control new maintenance of one’s Mortgage loans by the Supplier when you look at the First Servicing Months.
Federal Town Maintenance Contract Solely with respect to the Federal Urban area Mortgages, the property owner Seller’s Guarantees and Upkeep Agreement, dated by , between your Transferor and you can National Urban area, once the exact same ended sometimes, and one projects and you will conveyances regarding brand new National Urban area Financial Funds.
Repair Arrangement means like next Servicing Contract; considering, although not, one until an upgraded Upkeep Agreement might have been inserted towards (and you may such as for instance written verification might have been obtained), brand new Note An effective-1 Holder will cause the Real estate loan to be serviced pursuant on arrangements of Repair Contract because if such as for instance contract had been entirely push and you will impression according to the Mortgage; considering, after that, yet not, that up until an upgraded Upkeep Contract is within set, the real repair of Real estate loan may be did from the people Licensed Servicer designated by the Mention A great-step one Holder and does not need to be did by the companies established according to the Maintenance Arrangement which had been in earlier times in essence.
