Examples of SPS Subservicing Agreement inside a sentence

Examples of SPS Subservicing Agreement inside a sentence

Associated Significance

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  • Subservicing Arrangement
  • Subservicing Plans
  • Interim Servicing Agreement
  • Learn Maintenance Agreement
  • Sub-Servicing Arrangement
  • Back-Up Repair Agreement
  • Servicing Preparations
  • Number 1 Maintenance Arrangement
  • Earliest Maintenance Arrangement

Provider should maybe not amend or otherwise customize the SPS Subservicing Agreement; provided, but not, one Merchant will get terminate the newest SPS Subservicing Contract.

Seller may well not engage people subservicer for the Deferred Repair Preparations other than concerning new SPS Subservicing Contract.

Pertaining to SPS Subservicing Agreement

Subservicing Contract The written price amongst the Master Servicer and you can people Subservicer in accordance with maintenance and you can management of certain Mortgages as the considering into the Part 3.02, basically when it comes to this new servicer price labeled otherwise part of the Program Guide or even in such as most other form while the might have been approved by the Grasp Servicer in addition to Depositor.

Meantime Upkeep Agreement Brand new contract become entered for the by Purchaser while the Interim Servicer, bringing towards the Interim Servicer so you can solution the borrowed funds Fund since the given by the Interim Repair Agreement.

Learn Maintenance Contract form the dog owner upkeep contract joined towards the on installment loans South Dakota the within Guarantor, the latest Issuer plus the Grasp Servicer.

Sub-Maintenance Arrangement New authored offer between your Servicer and you may a sub-Servicer according to servicing and you may management regarding specific Mortgages because the provided inside Point 3.02.

Back-Up Repair Agreement ensures that specific Back-Right up Upkeep Agreement are joined towards from the and you can among Team, brand new Administrative Broker and also the Right back-Up Servicer, as such agreement finished, restated, formulated if not modified occasionally.

Servicing Agreements Each one of the Upkeep Plans performed with respect to the main Mortgages by one of several Servicers, and this agreements try connected hereto, collectively, while the Exhibit L.

No. 1 Maintenance Arrangement function the new arrangement amongst the relevant Number one Servicer as well as the Master Servicer, below and this for example appropriate Primary Servicer services the mortgage Loans set ahead with the agenda connected thereto.

Countrywide Upkeep Arrangement Only with regards to the Countrywide Mortgage loans, the borrowed funds Financing Pick and Upkeep Arrangement, old since , between the Transferor, just like the buyer, and you will Countrywide, while the provider and as servicer (while the replacement to Nationwide Lenders, Inc. by a task old ended or supplemented), due to the fact same finished occasionally, and any projects and you may conveyances pertaining to the fresh new Nationwide Mortgages.

Selling and Servicing Contract means the Product sales and you will Maintenance Contract, dated by the new Closure Time, between the Provider, the fresh Issuer, brand new Servicer while the Indenture Trustee, due to the fact same ended, altered or formulated occasionally.

Content Maintenance Arrangement mode new Revised and you can Restated Copy Maintenance Arrangement old by the brand new Closing Time one of the Debtor, the new Servicer, this new Administrative Broker together with Backup Servicer, due to the fact amended from the this one Modification No. 1 in order to Backup Repair Contract old by elizabeth concluded, restated, formulated, waived otherwise modified.

Non-Lead Repair Plans mode the PSA with respect to per Low-Direct Note (besides the latest Low-Head Keep in mind that is roofed leading the way Securitization).

Non-Direct Maintenance Contract function the new pooling and you will servicing arrangement, trust and you will repair arrangement or any other comparable agreement to be entered into in connection with a non-Head Securitization Notice.

Upkeep Bargain means, in terms of people, the fresh plan, though in writing, not as much as and therefore that individual comes with the to provider Mortgage loans.

Lead Securitization Servicing Arrangement form (i) this new pooling and you will maintenance arrangement or any other equivalent contract linked to the lead Securitization, and (ii) into the and you will pursuing the date on which the mortgage Mortgage was don’t susceptible to the fresh new conditions of your Direct Securitization Upkeep Agreement, the fresh new Direct Securitization Upkeep Contract can be determined according to the next part from Point 2(a).

Replacement Upkeep Contract setting a repair agreement who has repair terms exactly what are the identical to or more good towards the Non-Lead Noteholders, into the substance, to those from the Repair Contract (and, as opposed to limit, every appropriate terms relating to beginning of information and you can accounts called for the Non-Direct Securitization so you can conform to one relevant revealing requirements underneath the Securities Exchange Work regarding 1934, because amended) and all recommendations here on Upkeep Agreement will suggest for example then upkeep agreement; provided, not, whenever a non-Direct Securitization Note is during a beneficial Securitization, following a rating Company Confirmation should was indeed obtained from each Rating Department when it comes to eg after that repair arrangement.

Repair Addendum The fresh small print attached hereto once the Exhibit 8 that may control the fresh new upkeep of one’s Mortgages because of the Seller inside Original Upkeep Months.

National City Upkeep Agreement Solely depending on the National Area Mortgage loans, the particular owner Seller’s Guarantees and you can Upkeep Arrangement, old at the time of , involving the Transferor and you can National Urban area, as same finished periodically, and one projects and conveyances associated with the latest Federal Urban area Financial Funds.

Maintenance Arrangement means including subsequent Maintenance Arrangement; provided, but not, one up until a replacement Servicing Contract could have been registered on (and you can eg composed verification could have been gotten), the Note A beneficial-1 Manager will cause the Mortgage to get serviced pursuant on terms of your own Upkeep Agreement since if particularly agreement was still in full force and you will effect depending on the Mortgage; considering, subsequent, however, you to until a replacement Repair Contract is in set, the true repair of one’s Home mortgage tends to be did by the any Accredited Servicer appointed from the Notice A great-step one Owner and won’t must be did by the providers set forth within the Servicing Agreement which was in the past essentially.

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