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Common use of Servicer Defaults Clause in Contracts

Servicer Defaults. Each of the following shall constitute a “Servicer Default”:

Appears in 19 contracts

Sources: Servicing Agreement (Ally Auto Receivables Trust 2024-2), Servicing Agreement (Ally Auto Receivables Trust 2024-2), Trust Sale and Servicing Agreement (Capital Auto Receivables Asset Trust 2014-3)

Servicer Defaults. Each of the following shall constitute a “"Servicer Default”":

Appears in 10 contracts

Sources: Trust Sale and Servicing Agreement (Capital Auto Receivables Asset Trust 2006-1), Trust Sale and Servicing Agreement (Capital Auto Receivables Inc), Trust Sale and Servicing Agreement (Capital Auto Receivables Inc)

Related Clauses

  • Servicer Default
  • Notice of Servicer Default
  • Servicer Events of Default
  • Master Servicer Events of Default
  • Waiver of Master Servicer Events of Default

Parent Clauses

  • Servicer Defaults
  • Statements to Securityholders
  • Default
  • AHFC Not to Resign as Servicer
  • Seller May Own Notes

Sub-Clauses

  • Servicer Defaults
  • Trustee to Act; Appointment of Successor
  • Waiver of Past Defaults
  • Notification to Certificateholders
  • Indenture Trustee to Act; Appointment of Successor
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