Related Definitions
- Subservicing Agreement
- Subservicing Agreements
- Interim Repair Arrangement
- Learn Servicing Arrangement
- Sub-Servicing Contract
- Back-Right up Servicing Arrangement
- Upkeep Plans
- Number 1 Upkeep Contract
- Earliest Upkeep Contract
Supplier should not amend otherwise modify the SPS Subservicing Contract; offered, but not, you to Seller can get terminate the latest SPS Subservicing Contract.
Provider will most likely not take part people subservicer towards Deferred Repair Arrangements other than to the the brand new SPS Subservicing Agreement.
Linked to SPS Subservicing Contract
Subservicing Agreement Brand new created offer between the Grasp Servicer and you may any Subservicer according to repair and you can management out-of specific Mortgages as offered in Section 3.02, generally when it comes to the latest servicer price labeled or included in the Program Publication or in eg almost every other setting just like the might have been approved by the Grasp Servicer together with Depositor.
Meantime Repair Contract The latest contract is registered to your by Purchaser in addition to Meantime Servicer, getting towards Interim Servicer in order to service the mortgage Financing as specified of the Interim Maintenance Agreement.
Master Repair Agreement mode the particular owner upkeep agreement entered with the into within Guarantor, brand new Issuer as well as the Learn Servicer.
Sub-Servicing Contract The latest created price within Servicer and a sub-Servicer in accordance with servicing and government off particular Mortgage loans due to the fact given in the Point step three.02.
Back-Right up Repair Contract ensures that particular Right back-Upwards Upkeep Contract to get joined into of the and you can one of many Providers, the Administrative Representative and also the Straight back-Upwards Servicer, therefore agreement ended, restated, supplemented or else changed occasionally.
Maintenance Preparations All the Maintenance Agreements executed regarding part of the Mortgages of the among the Servicers, which plans is connected hereto, collectively, as the Exhibit L.
Primary Maintenance Agreement form the latest arrangement amongst the relevant Number 1 Servicer plus the Grasp Servicer, less than which particularly appropriate Number 1 Servicer attributes the loan Financing place forward for the plan affixed thereto.
Countrywide Upkeep Arrangement Exclusively according to the Nationwide Mortgages, the mortgage Loan Purchase and you may Repair Contract, dated as of , between your Transferor, because purchaser, and you may Nationwide, due to the fact vendor so that as servicer (as successor so you’re able to Nationwide Lenders, Inc. of the a task old concluded or supplemented), because the exact same ended sporadically, and one assignments and you may conveyances about brand new Nationwide Mortgages.
Income and you will Maintenance Agreement mode the Revenue and you may Maintenance Arrangement, dated at the time of the latest Closing Big date, within Provider, new Issuer, the Servicer and the Indenture Trustee, since the same ended, altered or formulated from time to time.
Backup Maintenance Contract function the latest Revised and Restated Duplicate Servicing Agreement old by new Closing Go out among the Debtor, new Servicer, the fresh new Administrative Agent and the Copy Servicer, given that amended by the this one Amendment No. step 1 so you’re able to Content Upkeep Arrangement old by e ended, restated, formulated, waived or modified.
Non-Head Maintenance Preparations mode the fresh PSA in terms of for each Low-Lead Notice (apart from new Non-Head Observe that is included leading the way Securitization).
Non-Lead Repair Arrangement form the newest pooling and you may repair contract, believe and you will maintenance agreement and other similar agreement getting inserted toward regarding the a low-Direct Securitization Mention.
Maintenance Contract setting, with respect to any individual, the fresh new arrangement, whether or not written down, below and this that person has the right to services Mortgages.
Lead Securitization Repair Agreement function (i) this new pooling and you may maintenance contract or any other equivalent agreement associated with top payday loans online Hawai honors Securitization, and you may (ii) into the and you will after the day on which the mortgage Loan try no further at the mercy of the latest conditions of the Head Securitization Upkeep Contract, the latest Direct Securitization Maintenance Arrangement can be computed in accordance with the 2nd paragraph of Point 2(a).
Replace Repair Agreement mode a maintenance arrangement containing maintenance provisions exactly what are the identical to or higher beneficial toward Low-Head Noteholders, during the compound, to those on the Upkeep Agreement (including, instead of limitation, all of the applicable provisions per birth of information and you can profile called for for any Non-Direct Securitization in order to adhere to people applicable reporting standards according to the Securities Replace Work out-of 1934, once the amended) as well as records herein into the Repair Arrangement will indicate eg after that upkeep agreement; provided, not, whenever a low-Direct Securitization Mention is in good Securitization, upcoming a get Company Verification should had been obtained from for every single Score Agency with respect to such next repair agreement.
Maintenance Addendum The brand new small print connected hereto just like the Display 8 that’ll control new maintenance of Mortgages by Provider inside First Repair Period.
Federal Area Maintenance Arrangement Exclusively with regards to the Federal City Mortgage loans, the proprietor Seller’s Guarantees and Repair Agreement, old at the time of , amongst the Transferor and you will Federal Area, since the same finished sporadically, and you will one assignments and you can conveyances connected with the National Urban area Home loan Financing.
Servicing Contract mode particularly subsequent Servicing Agreement; offered, yet not, you to definitely until an upgraded Servicing Contract could have been entered for the (and such as for example authored verification could have been acquired), the brand new Note An effective-step one Proprietor will result in the Home loan to be serviced pursuant towards the conditions of your Repair Agreement because if like arrangement had been completely force and you can impact with respect to the Real estate loan; considering, then, however, you to until an alternative Maintenance Contract is in set, the real upkeep of the Home loan can be performed by people Qualified Servicer designated because of the Note An effective-1 Manager and won’t must be performed because of the services set forth beneath the Upkeep Agreement that was in the past essentially.