Sale And Servicing Agreement definition: Copy, customize, and use instantly
Introduction
The term "Sale And Servicing Agreement" refers to a legal contract between parties that outlines the terms and conditions for the sale and subsequent servicing of assets, such as loans or securities. It is essential for clarifying each party's roles and responsibilities, ensuring that the asset servicing is handled properly after the sale, and providing a clear structure for the transaction.
Below are various examples of how "Sale And Servicing Agreement" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Sale And Servicing Agreement" as an agreement for loan sale and servicing
This definition ties "Sale And Servicing Agreement" to loan-related transactions.
"Sale And Servicing Agreement" means the contract under which loans are sold to a buyer, while the seller retains the responsibility for servicing the loans according to the terms specified in the agreement.
Definition of "Sale And Servicing Agreement" as a servicing contract for purchased loans
This definition connects "Sale And Servicing Agreement" to the ongoing management of loans.
"Sale And Servicing Agreement" refers to the contract detailing the sale of loans and the continued servicing of those loans by the seller or a designated servicer after the sale.
Definition of "Sale And Servicing Agreement" as a contract for the sale of receivables and their management
This definition links "Sale And Servicing Agreement" to asset-backed transactions.
"Sale And Servicing Agreement" means the legal arrangement where a party sells a portfolio of receivables to another party, while retaining or transferring the management and collection services for those receivables.
Definition of "Sale And Servicing Agreement" as a comprehensive transaction agreement
This definition applies "Sale And Servicing Agreement" to a broad range of asset transactions.
"Sale And Servicing Agreement" refers to a comprehensive contract in which one party agrees to sell assets, such as loans, to another party and concurrently provides for the servicing and administration of those assets.
Definition of "Sale And Servicing Agreement" as a mortgage sale and servicing arrangement
This definition ties "Sale And Servicing Agreement" to mortgage transactions.
"Sale And Servicing Agreement" means the contract under which a mortgage lender sells a portfolio of mortgages to an investor, with provisions for the ongoing servicing of the mortgages by the original lender or another designated servicer.
Definition of "Sale And Servicing Agreement" as a purchase and servicing agreement for financial instruments
This definition connects "Sale And Servicing Agreement" to financial instruments.
"Sale And Servicing Agreement" refers to the agreement under which a party sells financial instruments, such as securities or loans, and agrees to continue servicing the instruments according to specified terms.
Definition of "Sale And Servicing Agreement" as a structured asset-backed sale agreement
This definition links "Sale And Servicing Agreement" to structured finance transactions.
"Sale And Servicing Agreement" means the agreement governing the sale of asset-backed securities or loans and the servicing obligations related to those assets after the sale.
Definition of "Sale And Servicing Agreement" as a transaction involving the sale of loan portfolios
This definition ties "Sale And Servicing Agreement" to loan portfolio transactions.
"Sale And Servicing Agreement" refers to the agreement under which a financial institution sells a portfolio of loans to another party, with servicing rights either retained or transferred as specified in the agreement.
Definition of "Sale And Servicing Agreement" as a contract for the sale and servicing of credit facilities
This definition connects "Sale And Servicing Agreement" to credit facilities.
"Sale And Servicing Agreement" means the contract governing the sale of a credit facility to another party, where the seller continues to service the facility under agreed-upon terms.
Definition of "Sale And Servicing Agreement" as a vehicle for loan securitization
This definition links "Sale And Servicing Agreement" to loan securitization processes.
"Sale And Servicing Agreement" refers to the agreement involved in the securitization of loans, where the seller sells the loans to a trust or special purpose vehicle (SPV) and agrees to service the loans in accordance with specified terms.
Definition of "Sale And Servicing Agreement" as an agreement for asset management
This definition connects "Sale And Servicing Agreement" to asset management services.
"Sale And Servicing Agreement" means the contract where an asset seller agrees to sell assets and also manages or arranges for the servicing of those assets, ensuring they are properly administered after the sale.
Definition of "Sale And Servicing Agreement" as a servicer’s role in asset management
This definition ties "Sale And Servicing Agreement" to the servicer’s role post-sale.
"Sale And Servicing Agreement" refers to the contract in which a seller transfers ownership of assets, such as loans or receivables, and the servicer’s responsibilities for managing and collecting on those assets are clearly defined.
Definition of "Sale And Servicing Agreement" as a contract for servicing sold loans
This definition connects "Sale And Servicing Agreement" to post-sale servicing obligations.
"Sale And Servicing Agreement" means the contract under which a loan seller sells a portfolio of loans but agrees to continue servicing those loans on behalf of the new owner according to agreed-upon terms.
Definition of "Sale And Servicing Agreement" as a loan sale and management agreement
This definition ties "Sale And Servicing Agreement" to loan management.
"Sale And Servicing Agreement" refers to an agreement in which loans are sold, and the seller takes on the responsibility for managing and collecting payments on those loans, or designates a servicer to do so.
Definition of "Sale And Servicing Agreement" as a structured contract for asset servicing
This definition links "Sale And Servicing Agreement" to asset servicing.
"Sale And Servicing Agreement" refers to a structured agreement involving the sale of assets, with detailed provisions on how the servicing of those assets is to be handled post-sale.
Definition of "Sale And Servicing Agreement" as an agreement to sell and service mortgage-backed securities
This definition ties "Sale And Servicing Agreement" to mortgage-backed securities.
"Sale And Servicing Agreement" means the agreement that governs the sale of mortgage-backed securities, along with the terms and conditions for servicing the underlying mortgages after the sale.
Definition of "Sale And Servicing Agreement" as a deal structure for the sale and management of assets
This definition connects "Sale And Servicing Agreement" to asset management agreements.
"Sale And Servicing Agreement" refers to the deal structure under which assets are sold, and the seller agrees to continue managing or servicing those assets for a specified period.
Definition of "Sale And Servicing Agreement" as an agreement for the sale and servicing of loans or securities
This definition applies "Sale And Servicing Agreement" to both loans and securities.
"Sale And Servicing Agreement" refers to an agreement under which loans or securities are sold, and the servicer’s obligations for managing the sold assets are clearly outlined.
Definition of "Sale And Servicing Agreement" as an agreement that includes servicing fee provisions
This definition connects "Sale And Servicing Agreement" to servicing fees.
"Sale And Servicing Agreement" means the agreement outlining the terms for the sale of assets, including the terms for servicing fees payable for the continued management of the assets.
Definition of "Sale And Servicing Agreement" as a contract in securitization transactions
This definition links "Sale And Servicing Agreement" to securitization.
"Sale And Servicing Agreement" refers to the contract involved in a securitization transaction, where the loans or assets are sold to an SPV, and servicing responsibilities are retained by the originator or a third-party servicer.
Definition of "Sale And Servicing Agreement" as an agreement in which the seller services assets post-sale
This definition applies "Sale And Servicing Agreement" to seller servicing.
"Sale And Servicing Agreement" means the contract where the seller of assets agrees to continue servicing those assets post-sale, ensuring their proper administration.
Definition of "Sale And Servicing Agreement" as a post-sale servicer agreement
This definition ties "Sale And Servicing Agreement" to post-sale servicing.
"Sale And Servicing Agreement" refers to the contract under which the seller of assets agrees to serve as the servicer for those assets, continuing to manage and administer them after the sale.
Definition of "Sale And Servicing Agreement" as a purchase and servicing agreement for non-performing loans
This definition links "Sale And Servicing Agreement" to distressed asset sales.
"Sale And Servicing Agreement" means the agreement governing the sale of non-performing loans and the servicing arrangements for managing the recovery process.
Definition of "Sale And Servicing Agreement" as an agreement to sell and manage auto loans
This definition ties "Sale And Servicing Agreement" to auto loans.
"Sale And Servicing Agreement" refers to the agreement under which auto loans are sold and serviced by the seller or a third-party servicer.
Definition of "Sale And Servicing Agreement" as a mortgage sale and loan servicing contract
This definition connects "Sale And Servicing Agreement" to mortgage sales.
"Sale And Servicing Agreement" means the agreement for the sale of mortgage loans, with provisions for the ongoing servicing of the loans after the sale.
Definition of "Sale And Servicing Agreement" as a consumer loan portfolio sale
This definition links "Sale And Servicing Agreement" to consumer loans.
"Sale And Servicing Agreement" refers to the agreement in which a portfolio of consumer loans is sold, and servicing duties are outlined in the agreement.
Definition of "Sale And Servicing Agreement" as a structured loan sale and management agreement
This definition ties "Sale And Servicing Agreement" to structured sales.
"Sale And Servicing Agreement" refers to a structured agreement involving the sale of loans and the agreement to manage and service the loans under specified conditions.
Definition of "Sale And Servicing Agreement" as a multi-party agreement for asset servicing
This definition connects "Sale And Servicing Agreement" to multi-party contracts.
"Sale And Servicing Agreement" means the agreement between multiple parties involved in the sale and servicing of assets, such as loans, securities, or receivables.
Definition of "Sale And Servicing Agreement" as an agreement involving servicing of sold commercial loans
This definition ties "Sale And Servicing Agreement" to commercial loans.
"Sale And Servicing Agreement" refers to the contract under which commercial loans are sold, and servicing responsibilities are assumed by the seller or a third-party servicer.
Definition of "Sale And Servicing Agreement" as a contract for the sale of high-value assets
This definition connects "Sale And Servicing Agreement" to high-value asset sales.
"Sale And Servicing Agreement" refers to the contract where high-value assets, such as real estate or major equipment, are sold, with detailed servicing provisions included.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.