Common use of Action upon Termination or Removal Clause in Contracts

Action upon Termination or Removal. Promptly upon the effective date of termination of this Agreement pursuant to Section 8, or the removal or resignation of the Administrator pursuant to Section 8, the Administrator shall be entitled to be paid by BAC, as initial Servicer, all fees accruing to it to the date of such termination or removal.

Appears in 15 contracts

Sources: Administration Agreement (Bridgecrest Lending Auto Securitization Trust 2025-2), Administration Agreement (Bridgecrest Lending Auto Securitization Trust 2025-2), Administration Agreement (Bridgecrest Lending Auto Securitization Trust 2025-1)

Action upon Termination or Removal. Promptly upon the effective date of termination of this Agreement pursuant to Section 82.4, or the removal or resignation of the Administrator pursuant to Section 82.4, the Administrator shall be entitled to be paid by BAC, as initial Servicer, all fees accruing to it to the date of such termination or removal.

Appears in 2 contracts

Sources: Administration Agreement (Bridgecrest Lending Auto Securitization Trust 2025-3), Administration Agreement (Bridgecrest Lending Auto Securitization Trust 2025-3)