Agency Servicing Legal rights means Servicing Rights of Borrower with respect to Mortgage Financings that are subject to an Agency MBS or are owned by or administered by an Agency.
Standard means an event, condition or default that, with the giving of notice, the passage of time, or both, would constitute an Event of Default.
Ginnie Mae Maintenance Legal rights means Servicing Rights of Borrower with respect to Mortgage Loans that are subject to a mortgage-backed security guaranteed by Ginnie Mae or are owned by or administered by Ginnie Mae.
Market value means, with respect to any Asset as of any date of determination, and without duplication, the fair market value of such Asset on such date as reasonably determined by Lender (or an Affiliate thereof).
Requirement of Laws means, with respect to any Person, any law, treaty, rule or regulation or determination of an arbitrator, a court or other governmental authority, applicable to or binding upon such Person or any of its property or to which such Person or any of its property is subject.