Action upon Termination or Removal. Promptly upon the effective date of termination of this Agreement pursuant to Section 8, or the removal or resignation of the Administrator pursuant to Section 8, the Administrator shall be entitled to be paid by the Servicer all fees accruing to it to the date of such termination or removal.
Appears in 137 contracts
Samples: Administration Agreement (Santander Drive Auto Receivables Trust 2024-5), Administration Agreement (Drive Auto Receivables Trust 2024-2), Administration Agreement (Drive Auto Receivables Trust 2024-2)
Action upon Termination or Removal. Promptly upon the effective date of termination of this Agreement pursuant to Section 8, or the removal or resignation of the Administrator pursuant to Section 8, the Administrator shall be entitled to be paid by the Servicer all fees accruing to it to the date of such termination or removal.
Appears in 68 contracts
Samples: Administration Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Administration Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Administration Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC)
Action upon Termination or Removal. Promptly upon the effective date of termination of this Agreement pursuant to Section 8, or the removal or resignation of the Administrator pursuant to Section 8, the Administrator shall be entitled to be paid by the Servicer all fees and reimbursable expenses accruing to it to the date of such termination or removal.
Appears in 67 contracts
Samples: Administration Agreement (World Omni LT), Administration Agreement (World Omni LT), Administration Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC)
Action upon Termination or Removal. Promptly upon the effective date of termination of this Agreement pursuant to Section 8, or the removal or resignation of the Administrator pursuant to Section 8, the Administrator shall be entitled to be paid by the Servicer all fees and reimbursable expenses accruing to it to the date of such termination or removal.
Appears in 50 contracts
Samples: Administration Agreement (Santander Drive Auto Receivables LLC), Administration Agreement (Fifth Third Auto Trust 2013-1), Administration Agreement (Fifth Third Auto Trust 2013-A)
Action upon Termination or Removal. Promptly upon the effective date of termination of this Agreement pursuant to Section 8, or the removal or resignation of the Administrator pursuant to Section 8, the Administrator shall be entitled to be paid by the Servicer all fees and reimbursable expenses accruing to it to the date of such termination or removal.
Appears in 37 contracts
Samples: Administration Agreement (Capital One Prime Auto Receivables Trust 2023-2), Administration Agreement (Capital One Prime Auto Receivables Trust 2023-2), Administration Agreement (Fifth Third Auto Trust 2023-1)
Action upon Termination or Removal. Promptly upon the effective date of termination of this Agreement pursuant to Section 8, or the removal or resignation of the Administrator pursuant to Section 8, the Administrator shall be entitled to be paid by the Servicer Seller all fees and reimbursable expenses accruing to it to the date of such termination or removal.
Appears in 13 contracts
Samples: Administration Agreement (Usaa Acceptance LLC), Administration Agreement (Usaa Acceptance LLC), Administration Agreement (Usaa Acceptance LLC)
Action upon Termination or Removal. Promptly upon the effective date of termination of this Agreement pursuant to Section 8, or the removal or resignation of the Administrator pursuant to Section 8, the Administrator shall be entitled to be paid by the Servicer Seller all fees and reimbursable expenses accruing to it to the date of such termination or removal.
Appears in 9 contracts
Samples: Administration Agreement (Usaa Acceptance LLC), Administration Agreement (USAA Auto Owner Trust 2012-1), Form of Administration Agreement (USAA Auto Owner Trust 2012-1)
Action upon Termination or Removal. Promptly upon the effective date of termination of this Agreement pursuant to Section 8, or the removal or resignation of the Administrator pursuant to Section 8, the Administrator shall be entitled to be paid by the Servicer all fees and reimbursable expenses accruing to it to the date of such termination or removal. If the Administrator is removed without cause, the Servicer will be responsible for any costs, expenses or indemnities incurred by the Administrator in connection with its removal.
Appears in 6 contracts
Samples: Administration Agreement (Bank of America Auto Receivables Securitization, LLC), Administration Agreement (Bank of America Auto Trust 2012-1), Administration Agreement (Bank of America Auto Trust 2012-1)
Action upon Termination or Removal. Promptly upon the effective date of termination of this Agreement pursuant to Section 8termination, or the removal or resignation of the Administrator pursuant to Section 8, the Administrator shall be entitled to be paid by the Servicer all fees and reimbursable expenses accruing to it to the date of such termination termination, removal or removal.resignation, as applicable.β
Appears in 2 contracts
