Related Definitions
- Subservicing Arrangement
- Subservicing Preparations
- Interim Upkeep Arrangement
- Learn Servicing Agreement
- Sub-Upkeep Agreement
- Back-Right up Servicing Arrangement
- Upkeep Plans
- First Servicing Arrangement
- Earliest Servicing Agreement
Merchant shall maybe not amend or else modify the SPS Subservicing Contract; given, however, one to Merchant may cancel this new SPS Subservicing Arrangement.
Provider might not take part any subservicer into the Deferred Servicing Arrangements aside from concerning the this new SPS Subservicing Arrangement.
Linked to SPS Subservicing Contract
Subservicing Arrangement This new authored contract between your Master Servicer and you may people Subservicer per repair and you may administration off particular Mortgages as the offered from inside the Part 3.02, generally when it comes to the fresh servicer deal labeled or part of the System Guide or perhaps in for example other means while the might have been approved by the Grasp Servicer and Depositor.
Meantime Servicing Contract The agreement is entered for the by Purchaser additionally the Meantime Servicer, taking toward Meantime Servicer so you’re able to solution the mortgage Fund just like the specified by the Interim Upkeep Contract.
Master Maintenance Agreement setting the master servicing agreement joined on the on the amongst the Guarantor, new Issuer and also the Grasp Servicer.
Sub-Upkeep Contract The composed package between your Servicer and you can a sub-Servicer in accordance with servicing and you can management off certain Mortgage loans because offered during the Area 3.02.
Back-Up Upkeep Contract implies that specific Right back-Upwards Repair Arrangement become entered to the by and you may one of many Providers, the brand new Management Broker as well as the Back-Up Servicer, as a result agreement concluded, restated, supplemented or else changed periodically.
Upkeep Preparations Each of the Repair Arrangements conducted in terms of part of the Mortgages because of the among the Servicers, hence agreements is affixed hereto, along, once the Exhibit L.
Number one Maintenance Contract function the new contract between the applicable Number one Servicer loans in Old Mystic together with Grasp Servicer, under which such applicable Top Servicer properties the mortgage Funds place onward into the schedule affixed thereto.
Nationwide Maintenance Arrangement Entirely depending on the Countrywide Mortgage loans, the borrowed funds Mortgage Buy and you can Repair Contract, dated at the time of , involving the Transferor, while the buyer, and you can Nationwide, because supplier and as servicer (because the replacement so you can Nationwide Mortgage brokers, Inc. by the an assignment dated finished otherwise supplemented), while the exact same ended periodically, and one assignments and you can conveyances about brand new Nationwide Mortgage loans.
Sales and you will Repair Agreement setting the newest Product sales and you will Repair Agreement, dated by the latest Closure Time, involving the Merchant, the newest Issuer, the Servicer and Indenture Trustee, given that exact same ended, modified or formulated sometimes.
Copy Servicing Agreement means the brand new Amended and you can Restated Copy Servicing Contract old at the time of the new Closure Date one of many Debtor, the Servicer, new Administrative Broker plus the Content Servicer, due to the fact revised by the any particular one Modification No. step 1 to help you Content Servicing Agreement dated at the time of e concluded, restated, formulated, waived or changed.
Non-Lead Upkeep Preparations setting the fresh new PSA with respect to for each Low-Direct Notice (except that this new Non-Lead Keep in mind that is included at the forefront Securitization).
Non-Lead Maintenance Arrangement function the latest pooling and maintenance agreement, believe and repair contract or any other similar contract getting inserted on in connection with a non-Lead Securitization Note.
Repair Package function, with regards to individuals, new arrangement, although written down, under and this that individual has the directly to solution Mortgages.
Head Securitization Servicing Arrangement setting (i) this new pooling and servicing contract or any other equivalent contract associated with top honors Securitization, and you will (ii) for the and following date about what the mortgage Financing is no longer susceptible to brand new conditions of one’s Direct Securitization Maintenance Contract, the latest Lead Securitization Upkeep Arrangement shall be computed according to the 2nd section away from Point 2(a).
Replacement Servicing Contract means a servicing arrangement with maintenance conditions what are the identical to or more good to your Non-Direct Noteholders, when you look at the material, to those on Servicing Contract (including, as opposed to restriction, all relevant arrangements based on birth of data and you may records needed for any Non-Lead Securitization in order to conform to people appropriate revealing standards in Ties Replace Operate from 1934, as the revised) and all of records herein toward Servicing Contract shall imply such as subsequent maintenance arrangement; considering, but not, whenever a non-Head Securitization Notice is actually an excellent Securitization, up coming a rating Institution Verification should were extracted from each Rating Institution regarding such further repair arrangement.
Maintenance Addendum The fresh new terms and conditions attached hereto as Exhibit 8 that can regulate the latest upkeep of one’s Mortgage loans by Provider during the First Maintenance Several months.
National Town Repair Agreement Exclusively according to National Urban area Mortgages, the owner Seller’s Warranties and you may Maintenance Arrangement, dated by , within Transferor and you may Federal Town, because the exact same ended periodically, and you can people projects and you will conveyances regarding the new Federal Town Home loan Loans.
Repair Agreement function such as for example after that Upkeep Arrangement; considering, yet not, one to up until an upgraded Upkeep Contract might have been entered to the (and including authored verification could have been gotten), the latest Note A beneficial-step one Proprietor will cause the Home mortgage to-be serviced pursuant on the terms of the Maintenance Contract since if including contract was still in full force and you may feeling with respect to the Home loan; given, subsequent, not, you to definitely until an upgraded Upkeep Agreement is during set, the genuine servicing of your Real estate loan may be did by one Accredited Servicer appointed from the Mention A beneficial-step 1 Manager and will not need to be did of the service providers established according to the Upkeep Contract that was before essentially.