Acceptance by Successor Servicer; Reconveyance; Successor Servicer to Act Sample Clauses

Acceptance by Successor Servicer; Reconveyance; Successor Servicer to Act. (a) Subject to Section 8.04, no appointment of a Successor Servicer (other than the Backup Servicer) shall be effective until the Successor Servicer shall have executed and delivered to the Issuer and the Trustee a written acceptance of such appointment and of the duties of Servicer hereunder, subject to Section 8.03(d). The Servicer shall continue to perform all servicing functions under this Agreement until the date the Successor Servicer shall have so executed and delivered such written acceptance.
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