Examples of SPS Subservicing Arrangement inside a sentence

Related Definitions

• Subservicing Contract
• Subservicing Preparations
• Interim Servicing Contract
• Learn Upkeep Arrangement
• Sub-Repair Agreement
• Back-Right up Servicing Arrangement
• Maintenance Plans
• First Maintenance Contract
• Basic Upkeep Contract

Seller will not amend otherwise customize the SPS Subservicing Contract; provided, but not, you to Seller may terminate the newest SPS Subservicing Contract.

Vendor might not engage people subservicer with the Deferred Maintenance Agreements except that in connection with new SPS Subservicing Contract.

Pertaining to SPS Subservicing Contract

Subservicing Contract The composed package involving the Grasp Servicer and you can any Subservicer based on maintenance and you will administration out-of specific Mortgage loans while the offered when you look at the Area step 3.02, fundamentally when it comes to the new servicer price referred to or within the Program Publication or in including other mode once the might have been approved by the Grasp Servicer in addition to Depositor.

Interim Servicing Agreement The brand new contract to be registered with the by Consumer plus the Meantime Servicer, providing toward Interim Servicer to help you services the borrowed funds Funds given that given because of the Meantime Maintenance Agreement.

Master Servicing Contract function the owner repair arrangement inserted on towards involving the Guarantor, the newest Issuer and also the Grasp Servicer.

Sub-Maintenance Contract The fresh new composed price involving the Servicer and you may a sandwich-Servicer in accordance with maintenance and you may management from particular Mortgage loans since the provided in the Point 3.02.

Back-Right up Maintenance Agreement ensures that particular Right back-Right up Maintenance Agreement becoming entered on the because of the and among the many Providers, the brand new Management Agent therefore the Back-Up Servicer, as such arrangement concluded, restated, formulated or else modified sporadically.

Upkeep Arrangements Each one of the Repair Plans done with respect to a portion of the Mortgages by the among the Servicers, and therefore plans is connected hereto, together, because Showcase L.

First Upkeep Contract mode this new contract between your applicable Top Servicer together with Grasp Servicer, around hence such appropriate First Servicer characteristics the loan Money set ahead to your plan attached thereto.

Nationwide Upkeep Contract Solely with respect to the Countrywide Mortgage loans, the borrowed funds Loan Purchase and you can Repair Contract, dated at the time of , amongst the Transferor, as the purchaser, and you can Countrywide, because seller and as servicer (because the replacement so you can Countrywide Mortgage brokers, Inc. from the a task dated finished otherwise formulated), because the same finished sometimes, and people tasks and conveyances linked to this new Nationwide Mortgage loans.

Product sales and you can Repair Contract means this new Product sales and you can Upkeep Contract, dated at the time of the fresh Closure Day, amongst the Provider, this new Issuer, brand new Servicer and the Indenture Trustee, as same ended, changed otherwise formulated from time to time.

Copy Servicing Arrangement form the fresh new Revised and Restated payday loans Candlewood Orchards Content Repair Contract old at the time of new Closing Time one of the Borrower, this new Servicer, the newest Management Broker while the Duplicate Servicer, as the revised by that one Modification No. 1 so you can Duplicate Maintenance Agreement dated as of e ended, restated, supplemented, waived otherwise changed.

Non-Lead Servicing Agreements function brand new PSA when it comes to for each and every Low-Lead Mention (except that the fresh new Low-Direct Remember that is roofed at the forefront Securitization).

Non-Direct Upkeep Contract mode the pooling and you may servicing agreement, believe and you may upkeep arrangement and other similar arrangement become joined into the to the a low-Direct Securitization Note.

Repair Price means, with respect to anybody, the newest plan, even when on paper, under and this see your face has got the straight to solution Mortgages.

Head Securitization Maintenance Agreement means (i) the newest pooling and you may servicing arrangement or any other similar agreement about the lead Securitization, and you will (ii) on and you can following big date on what the loan Loan was not susceptible to the fresh new conditions of your Lead Securitization Maintenance Contract, the newest Lead Securitization Upkeep Agreement should be determined in accordance with the next part off Point 2(a).

Replace Repair Contract means a servicing contract that has repair terms do you know the just like or more advantageous to your Non-Direct Noteholders, for the material, to the people on Upkeep Agreement (together with, instead of limit, all of the applicable conditions based on beginning of information and you can reports expected for any Low-Head Securitization to help you adhere to people applicable revealing conditions within the Securities Replace Act regarding 1934, because revised) as well as recommendations herein to the Repair Arrangement should imply eg after that repair arrangement; given, however, if a non-Head Securitization Note is actually a beneficial Securitization, following a score Agencies Verification will was in fact obtained from each Rating Agencies in terms of like further upkeep contract.

Repair Addendum The new small print attached hereto because the Exhibit 8 that will regulate new repair of the Mortgage loans of the Vendor for the Original Servicing Months.

National Town Servicing Arrangement Solely with regards to the Federal Urban area Mortgage loans, the dog owner Seller’s Guarantees and you may Servicing Arrangement, dated as of , between your Transferor and you will Federal City, as same ended from time to time, and you can people assignments and you can conveyances linked to the National Town Mortgage Financing.

Repair Arrangement means such as for instance further Maintenance Contract; provided, not, that up to a replacement Repair Contract could have been registered toward (and you will particularly authored verification might have been obtained), the fresh new Note An excellent-step 1 Owner will cause the Mortgage is maintained pursuant towards terms of your Maintenance Arrangement because if eg arrangement was still entirely force and impression with regards to the Mortgage; considering, then, not, one to until a replacement Maintenance Agreement is within put, the real upkeep of Mortgage are performed from the one Qualified Servicer designated from the Note Good-step 1 Manager and won’t have to be performed by the suppliers established underneath the Servicing Contract that was in earlier times in effect.