Common use of Servicer Event of Default Clause in Contracts

Servicer Event of Default. If the Issuer has actual knowledge of the occurrence of a Facility Servicer Event of Default or Exchange Note Servicer Event of Default, the Issuer will promptly notify the Indenture Trustee and the Rating Agencies of such occurrence and specify in such notice any action the Issuer is taking in respect of such event. If an Exchange Note Servicer Event of Default arises from the failure of the Servicer to perform any of its duties and obligations under the Servicing Agreement with respect to the 2013-B Collateral, the Issuer will take all reasonable steps available to cause the Servicer to remedy such failure.

Servicer Event of Default. If the Issuer has actual knowledge of the occurrence of a Facility Servicer Event of Default or Exchange Note Servicer Event of Default, the Issuer will promptly notify the Indenture Trustee and the Rating Agencies of such occurrence and specify in such notice any action the Issuer is taking in respect of such event. If an Exchange Note Servicer Event of Default arises from the failure of the Servicer to perform any of its duties and obligations under the Servicing Agreement with respect to the 20132014-B A Collateral, the Issuer will take all reasonable steps available to cause the Servicer to remedy such failure.

Servicer Event of Default. If the Issuer has actual knowledge of the occurrence of a Facility Servicer Event of Default or Exchange Note Servicer Event of Default, the Issuer will promptly notify the Indenture Trustee and the Rating Agencies of such occurrence and specify in such notice any action the Issuer is taking in respect of such event. If an Exchange Note Servicer Event of Default arises from the failure of the Servicer to perform any of its duties and obligations under the Servicing Agreement with respect to the 2013-B A Collateral, the Issuer will take all reasonable steps available to cause the Servicer to remedy such failure.

Servicer Event of Default. If the Issuer has actual knowledge of the occurrence of a Facility Servicer Event of Default or Exchange Note Servicer Event of Default, the Issuer will promptly notify the Indenture Trustee and the Rating Agencies of such the occurrence and specify in such the notice any action the Issuer is taking in respect of such the event. If an Exchange Note Servicer Event of Default arises from the failure of the Servicer to perform any of its duties and obligations under the Servicing Agreement with respect to for the 20132014-B Collateral, the Issuer will take all reasonable steps available to cause the Servicer to remedy such the failure.

Servicer Event of Default. If the Issuer has actual knowledge of the occurrence of a Facility Servicer Event of Default or Exchange Note Servicer Event of Default, the Issuer will promptly notify the Indenture Trustee and the Rating Agencies of such the occurrence and specify in such the notice any action the Issuer is taking in respect of such the event. If an Exchange Note Servicer Event of Default arises from the failure of the Servicer to perform any of its duties and obligations under the Servicing Agreement with respect to for the 20132015-B Collateral, the Issuer will take all reasonable steps available to cause the Servicer to remedy such the failure.

Servicer Event of Default. If the Issuer has actual knowledge of the occurrence of a Facility Servicer Event of Default or Exchange Note Servicer Event of Default, the Issuer will promptly notify the Indenture Trustee and the Rating Agencies of such occurrence and specify in such notice any action the Issuer is taking in respect of such event. If an Exchange Note Servicer Event of Default arises from the failure of the Servicer to perform any of its duties and obligations under the Servicing Agreement with respect to the 20132012-B Collateral, the Issuer will take all reasonable steps available to cause the Servicer to remedy such failure.

Servicer Event of Default. If the Issuer has actual knowledge of the occurrence of a Facility Servicer Event of Default or Exchange Note Servicer Event of Default, the Issuer will promptly notify the Indenture Trustee and the Rating Agencies of such the occurrence and specify in such the notice any action the Issuer is taking in respect of such the event. If an Exchange Note Servicer Event of Default arises from the failure of the Servicer to perform any of its duties and obligations under the Servicing Agreement with respect to for the 20132015-B A Collateral, the Issuer will take all reasonable steps available to cause the Servicer to remedy such the failure.

Servicer Event of Default. If the Issuer has actual knowledge of the occurrence of a Facility Servicer Event of Default or Exchange Note Servicer Event of Default, the Issuer will promptly notify the Indenture Trustee and the Rating Agencies of such occurrence and specify in such notice any action the Issuer is taking in respect of such event. If an Exchange Note Servicer Event of Default arises from the failure of the Servicer to perform any of its duties and obligations under the Servicing Agreement with respect to the 20132012-B A Collateral, the Issuer will take all reasonable steps available to cause the Servicer to remedy such failure.

Servicer Event of Default. If the Issuer has actual knowledge of the occurrence of a Facility Servicer Event of Default or Exchange Note Servicer Event of Default, the Issuer will promptly notify the Indenture Trustee and the Rating Agencies of such the occurrence and specify in such the notice any action the Issuer is taking in respect of such the event. If an Exchange Note Servicer Event of Default arises from the failure of the Servicer to perform any of its duties and obligations under the Servicing Agreement with respect to for the 2013-B 20__-_ Collateral, the Issuer will take all reasonable steps available to cause the Servicer to remedy such the failure.