Common use of Servicing Contracts Clause in Contracts

Servicing Contracts. (i) with respect to any Asset, a notice of termination of servicing for cause has been delivered, or a notice of termination of servicing for any other reason has been delivered, which has not been rescinded within five Business Days following delivery of such notice under any Servicing Contract (following the expiration of any applicable grace or cure period in the applicable Servicing Contract) unless all Loan Advances secured by such Assets are repaid (A) with respect to a notice of termination of servicing for cause, within five Business Days following delivery of such notice of termination as described herein or (B) with respect to any other notice of termination, on or before the date of such termination of servicing; or (ii) any actual termination or resignation of servicing under any Servicing Contract shall have occurred unless all Loan Advances secured by such Assets are repaid on or before the date of such termination;

Servicing Contracts. (i) with respect to any Asset, a notice of termination of servicing for cause has been delivered, or a notice of termination of servicing for any other reason has been delivered, which has not been rescinded within five Business Days following delivery of such notice under any Servicing Contract (following the expiration of any applicable grace or cure period in the applicable Servicing Contract) unless all Loan Advances secured by such related Purchased Assets are repaid repurchased (A) with respect to a notice of termination of servicing for cause, within five Business Days following delivery of such notice of termination as described herein or (B) with respect to any other notice of termination, on or before the date of such termination of servicing; or (ii) any actual termination or resignation of servicing under any Servicing Contract shall have occurred unless all Loan Advances secured by such related Purchased Assets are repaid repurchased on or before the date of such termination; or (iii) a material default by Seller has occurred under the Participation Agreement;

Servicing Contracts. (i) with respect to any Asset, a notice of termination of servicing for cause has been delivered, or a notice of termination of servicing for any other reason has been delivered, which has not been rescinded within five Business Days following delivery of such notice under any Servicing Contract (following the expiration of any applicable grace or cure period in the applicable Servicing Contract) unless all Loan Advances secured by such Assets are repaid (A) with respect to a notice of termination of servicing for cause, within five Business Days following delivery of such notice of termination as described herein or (B) with respect to any other notice of termination, on or before the date of such termination of servicing; or (ii) any actual termination or resignation of servicing under any Servicing Contract shall have occurred unless all Loan Advances secured by such Assets are repaid on or before the date of such termination; or (iii) a material default by Borrower has occurred under the Participation Agreement;