Common use of Servicer Termination Events Clause in Contracts

Servicer Termination Events. 50 Section 8.02. Consequences of a Servicer Termination Event.................50 Section 8.03. Appointment of Successor Servicer............................51 Section 8.04. Notification to Securityholders..............................52 Section 8.05. Waiver of Past Defaults......................................52 Article IX

Servicer Termination Events. 50 Section 8.0257 SECTION 8.1. Servicer Termination Events...........................................57 SECTION 8.2. Consequences of a Servicer Termination Event.................50 Section 8.03..........................59 SECTION 8.3. Appointment of Successor Servicer............................51 Section 8.04Successor..............................................59 SECTION 8.4. Notification to Securityholders..............................52 Section 8.05Certificateholders....................................60 SECTION 8.5. Action Upon Certain Failures of the Servicer..........................60 SECTION 8.6. Waiver of Past Defaults......................................52 Article IX...............................................60

Servicer Termination Events. 50 Section 8.02. Consequences of a Servicer Termination Event.................................50 Section 8.03. Appointment of Successor Servicer.......................................................51 Section 8.04. Notification to Securityholders...........................................................52 Section 8.05. Waiver of Past Defaults...........................................................................52 Article IXARTICLE IX TERMINATION

Servicer Termination Events. 50 51 Section 8.02. 8.1 Servicer Termination Event.......................................................51 Section 8.2 Consequences of a Servicer Termination Event.................50 .....................................52 Section 8.03. 8.3 Appointment of Successor Servicer............................51 ................................................53 Section 8.04. 8.4 Notification to Securityholders..............................52 Noteholders......................................................54 Section 8.05. 8.5 Waiver of Past Defaults......................................52 Article IX..........................................................54

Servicer Termination Events. 50 40 Section 8.02. 10.2 Consequences of a Servicer Termination Event.................50 ................42 Section 8.03. 10.3 Appointment of Successor Servicer............................51 Successor....................................43 Section 8.04. 10.4 Notification to Securityholders..............................52 of Termination and Appointment.................44 Section 8.05. 10.5 Waiver of Past Defaults......................................52 Article IX.....................................44 Section 10.6 Action Upon Certain Failures of the Servicer................44 Section 10.7 Continued Errors............................................44

Servicer Termination Events. 50 Section 8.02. Consequences of a Servicer Termination Event............................................................. 50 Section 8.03. Appointment of Successor Servicer................................................................................... 51 Section 8.04. Notification to Securityholders....................................................................................... 52 Section 8.05. Waiver of Past Defaults......................................52 Article IX................................................................. 52

Servicer Termination Events. 50 49 Section 8.02. Consequences of a Servicer Termination Event.................50 Section 8.037.02. Appointment of Successor Servicer........................................................................................ 50 Section 7.03. Effect of Servicing Transfer................................................................. 51 Section 8.047.04. Notification to Securityholders..............................Noteholders, Certificateholders and Rating Agencies.......................... 52 Section 8.057.05. Waiver of Past Defaults......................................Servicer Termination Events................................................... 52 Article IXSection 7.06. Repayment of Advances........................................................................ 52 ARTICLE EIGHT

Servicer Termination Events. 50 Section 8.0255 SECTION 10.2. Consequences of a Servicer Termination Event.................50 Section 8.03..............................56 SECTION 10.3. Appointment of Successor Servicer............................51 Section 8.04Successor..................................................57 SECTION 10.4. Notification to Securityholders..............................52 Section 8.05Noteholders and the Agent.................................58 SECTION 10.5. Waiver of Past Defaults......................................52 Article IX...................................................58 SECTION 10.6. Action Upon Certain Failures of the Servicer..............................59 TABLE OF CONTENTS (CONTINUED) SECTION 10.7. Continued Errors..........................................................59

Servicer Termination Events. 50 69 Section 8.027.1. Servicer Termination Event............................. 69 Section 7.2. Consequences of a Servicer Termination Event.................50 ........... 71 Section 8.037.3. Appointment of Successor Servicer............................51 Successor............................... 72 Section 8.047.4. Notification to Securityholders..............................52 Noteholders............................ 74 Section 8.057.5. Waiver of Past Defaults......................................52 Article IX................................ 74 ARTICLE VIII TERMINATION................................................. 74 Section 8.1. Optional Purchase of All Receivables................... 74

Servicer Termination Events. 50 38 Section 8.02. 8.02 Consequences of a Servicer Termination Event.................50 ....................38 Section 8.03. 8.03 Appointment of Successor Servicer............................51 ...............................39 Section 8.04. 8.04 Notification to Securityholders..............................52 .................................40 Section 8.05. 8.05 Waiver of Past Defaults......................................52 Article IX.........................................40

Servicer Termination Events. 50 80 Section 8.029.1. Servicer Termination Event......................................................................80 Section 9.2. Consequences of a Servicer Termination Event.................50 ....................................................82 Section 8.039.3. Appointment of Successor Servicer............................51 Successor........................................................................83 Section 8.049.4. Notification to Securityholders..............................52 Noteholders.....................................................................84 Section 8.059.5. Action Upon Certain Failures of the Servicer....................................................84 Section 9.6. Waiver of Past Defaults......................................52 Article IX.........................................................................84 ARTICLE X TERMINATION...........................................................................................85 Section 10.1. Optional Purchase of All Receivables...........................................................85

Servicer Termination Events. 50 37 Section 8.02. 8.02 Consequences of a Servicer Termination Event.................50 .....................................37 Section 8.03. 8.03 Appointment of Successor Servicer............................51 ................................................38 Section 8.04. 8.04 Notification to Securityholders..............................52 ..................................................38 Section 8.05. 8.05 Waiver of Past Defaults......................................52 Article IX..........................................................39

Servicer Termination Events. 50 38 Section 8.02. 8.02 Consequences of a Servicer Termination Event.................50 39 Section 8.03. 8.03 Appointment of Successor Servicer............................51 39 Section 8.04. 8.04 Notification to Securityholders..............................52 40 Section 8.05. 8.05 Waiver of Past Defaults......................................52 Article IX40

Servicer Termination Events. 50 Section 8.02. 36 SECTION 6.2 Consequences of a Servicer Termination Event.................50 Section 8.03. Event ............ 37 SECTION 6.3 Appointment of Successor Servicer............................51 Section 8.04. ................................ 38 SECTION 6.4 Notification to Securityholders..............................52 Section 8.05. Noteholders ............................. 39 SECTION 6.5 Waiver of Past Defaults......................................52 Article IXDefaults ................................. 39 SECTION 6.6 Action Upon Certain Failures of the Servicer ............ 39 ARTICLE VII ADMINISTRATIVE DUTIES OF THE SERVICER ............................... 40 SECTION 8.1 Administrative Duties ................................... 40 SECTION 8.2 Records ................................................. 41 SECTION 8.3 Additional Information to be Furnished to the Issuer .... 41

Servicer Termination Events. 50 39 Section 8.02. 8.02 Consequences of a Servicer Termination Event.................50 ...............................40 Section 8.03. 8.03 Appointment of Successor Servicer............................51 ..........................................40 Section 8.04. 8.04 Notification to Securityholders..............................52 ............................................41 Section 8.05. 8.05 Waiver of Past Defaults......................................52 Article IX....................................................41

Servicer Termination Events. 50 Section 8.0259 SECTION 8.2. Consequences of a Servicer Termination Event.................50 Section 8.03.......................................... 60 SECTION 8.3. Appointment of Successor Servicer............................51 Section 8.04Successor.............................................................. 61 SECTION 8.4. Notification to Securityholders..............................52 Section 8.05Certificateholders.................................................... 62 SECTION 8.5. Action Upon Certain Failures of the Servicer.......................................... 62 SECTION 8.6. Waiver of Past Defaults......................................52 Article IX............................................................... 62 Page