STANDBY SERVICING AGREEMENT

Example Definitions of "STANDBY SERVICING AGREEMENT"
STANDBY SERVICING AGREEMENT. Shall mean the agreement pursuant to which the Standby Servicer shall provide servicing functions with respect to the Pledged Notes Receivable upon the occurrence of an Event of Default hereunder in accordance with Sections 9.1(i) and 10.14 hereof.
Found in SILVERLEAF RESORTS INC contract
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