Related Definitions
- Subservicing Contract
- Subservicing Arrangements
- Interim Servicing Agreement
- Grasp Maintenance Contract
- Sub-Servicing Agreement
- Back-Right up Upkeep Contract
- Maintenance Agreements
- First Maintenance Arrangement
- Very first Servicing Arrangement
Seller will perhaps not amend if not customize the SPS Subservicing Agreement; offered, but not, one to Merchant could possibly get cancel the fresh new SPS Subservicing Contract.
Seller may not participate one subservicer into Deferred Repair Plans besides in connection with the newest SPS Subservicing Agreement.
Related to SPS Subservicing Agreement
Subservicing Agreement The fresh new composed package within Master Servicer and you can any Subservicer per servicing and you can government out of particular Mortgage loans since considering inside Area step three.02, basically in the form of brand new servicer package regarded otherwise contained in the System Book or even in for example other setting while the might have been authorized by the Learn Servicer additionally the Depositor.
Interim Maintenance Agreement The fresh new https://speedycashloan.net/installment-loans-ar/ arrangement become entered into the from the Consumer additionally the Meantime Servicer, taking towards the Meantime Servicer in order to solution the borrowed funds Financing once the specified because of the Meantime Maintenance Arrangement.
Learn Upkeep Contract function the particular owner maintenance contract inserted to the towards the between your Guarantor, the newest Issuer additionally the Master Servicer.
Sub-Repair Arrangement The newest written package involving the Servicer and you can a sandwich-Servicer based on upkeep and management from specific Mortgage loans given that given inside Section step 3.02.
Back-Right up Servicing Arrangement means that particular Back-Right up Repair Contract to-be joined into the by the and you can one of the Team, new Administrative Agent therefore the Straight back-Upwards Servicer, as such agreement concluded, restated, formulated or otherwise modified from time to time.
Repair Agreements Each of the Maintenance Preparations carried out with regards to a portion of the Mortgages from the among Servicers, and therefore agreements try attached hereto, together, since the Showcase L.
Number one Maintenance Agreement means new arrangement involving the appropriate Number 1 Servicer additionally the Master Servicer, not as much as and that eg applicable Top Servicer characteristics the loan Financing put onward towards the schedule affixed thereto.
Countrywide Servicing Agreement Solely with respect to the Countrywide Mortgage loans, the mortgage Loan Purchase and Upkeep Agreement, dated as of , amongst the Transferor, as consumer, and Countrywide, due to the fact merchant so that as servicer (once the replacement so you can Nationwide Mortgage brokers, Inc. by an assignment old ended otherwise formulated), while the exact same ended sometimes, and you may any tasks and you will conveyances linked to the Nationwide Mortgages.
Revenue and you can Maintenance Contract form the latest Sale and Maintenance Agreement, old as of the fresh new Closure Big date, amongst the Vendor, the brand new Issuer, the fresh new Servicer therefore the Indenture Trustee, as the exact same ended, altered or supplemented sometimes.
Duplicate Servicing Agreement means the fresh new Revised and you will Restated Backup Servicing Agreement dated by the newest Closing Time one of several Borrower, the newest Servicer, the new Management Representative additionally the Copy Servicer, because the amended because of the any particular one Amendment Zero. step 1 so you’re able to Duplicate Repair Arrangement old as of age ended, restated, supplemented, waived or altered.
Non-Head Servicing Preparations mode new PSA in terms of for every single Non-Lead Note (except that the newest Non-Direct Remember that is roofed leading the way Securitization).
Non-Head Maintenance Agreement means new pooling and repair arrangement, trust and maintenance contract and other equivalent agreement are inserted towards the concerning a low-Direct Securitization Notice.
Maintenance Price means, regarding anyone, the arrangement, regardless of if on paper, under which that individual contains the right to service Mortgages.
Direct Securitization Servicing Agreement setting (i) the latest pooling and you can upkeep arrangement or any other comparable contract connected with top honors Securitization, and (ii) into and you can after the date about what the borrowed funds Loan is no further susceptible to the latest terms of one’s Direct Securitization Repair Agreement, the newest Lead Securitization Repair Arrangement is going to be computed in accordance with the 2nd paragraph out-of Section 2(a).
Replacement Maintenance Contract means a repair agreement which has had upkeep terms do you know the just like or more beneficial on the Low-Direct Noteholders, into the substance, to those about Maintenance Agreement (in addition to, in the place of restriction, all the applicable specifications per delivery of information and you can profile expected your Low-Lead Securitization to help you comply with one relevant revealing criteria in Securities Change Operate from 1934, due to the fact amended) and all of recommendations here to the Maintenance Agreement should indicate for example subsequent servicing agreement; considering, however, that when a low-Lead Securitization Notice is during good Securitization, after that a score Agencies Verification shall had been taken from per Score Institution when it comes to such next upkeep agreement.
Repair Addendum The newest conditions and terms attached hereto due to the fact Showcase 8 which will govern new repair of the Mortgages because of the Seller within the Original Repair Period.
National City Repair Arrangement Only according to the Federal Urban area Mortgages, the proprietor Seller’s Warranties and Upkeep Agreement, dated at the time of , between the Transferor and you can National City, just like the exact same concluded occasionally, and you can people tasks and you can conveyances about the newest Federal City Financial Financing.
Maintenance Arrangement means eg after that Servicing Agreement; considering, however, one until an upgraded Upkeep Arrangement has been registered on the (and such created confirmation could have been acquired), the newest Note An effective-1 Owner should cause the Real estate loan becoming maintained pursuant to your arrangements of your own Servicing Agreement as if particularly contract was still completely push and you can feeling depending on the Real estate loan; provided, next, but not, you to definitely up until an alternative Upkeep Contract is actually place, the actual servicing of your Real estate loan are performed from the any Accredited Servicer appointed from the Mention A beneficial-step 1 Proprietor and won’t have to be performed from the service providers set forth according to the Upkeep Arrangement which had been prior to now ultimately.