Servicer Event of Default definition

Servicer Event of Default wherever used herein, means any one of the following events:
Servicer Event of Default. One or more of the events described in Section 7.01.
Servicer Event of Default. As defined in Section 7.01 of the Sale and Servicing Agreement.

Examples of Servicer Event of Default in a sentence

  • Upon resignation of the Servicer under the Servicing Agreement or the occurrence and continuance of a Servicer Event of Default, the Administrative Agent may (with the consent of the Required Lenders) at any time require the Borrower to appoint the Backup Servicer, as servicer of the Receivables in accordance with the Backup Servicing Agreement.


More Definitions of Servicer Event of Default

Servicer Event of Default. As defined in Section 7.01(a).
Servicer Event of Default has the meaning given to it in Section 17.1 of the Servicing Agreement;
Servicer Event of Default means any of the Exchange Note Servicer Events of Default set forth in Section 7.05(a) of the 201[__]-[__] Servicing Supplement.
Servicer Event of Default. With respect to each Servicer, shall have the meaning set forth in the applicable Servicing Agreement.
Servicer Event of Default shall have the meaning specified in Section 5.04 of the Indenture.
Servicer Event of Default. One or more of the events described in Section 6.01 of the Servicing Agreement.
Servicer Event of Default. One or more of the events described in Section 8.01(a) of this Agreement.