Common use of Additional Subservicers Clause in Contracts

Additional Subservicers. The Depositor agrees that, subject to the satisfaction of the conditions set forth below, any Affiliate of Regional Management may be added as a party to this Agreement (an “Accession”) as a “Subservicer” (each such Person, an “Additional Subservicer”), upon the Depositor’s receipt of a written request from Regional Management requesting that such Additional Subservicer be added to this Agreement as a Subservicer at least five (5) days prior to the first acquisition of Eligible Loans to be serviced by such Additional Subservicer: (a) the Depositor shall have delivered to the Indenture Trustee a fully executed copy of an Accession Agreement substantially in the form of Exhibit D hereto with respect to such Additional Subservicer; (b) notice of any Accession and the related Additional Subservicer shall have been provided to each Rating Agency; (c) there shall have been delivered to the Indenture Trustee (on behalf of the Noteholders) an Officer’s Certificate of Regional Management stating that such Accession is not reasonably expected to result in an Adverse Effect; and (d) as of the effective date of such Accession, the conditions precedent applicable to such Additional Subservicer as set forth in Exhibit E shall have been fulfilled. Upon the effectiveness of any Accession, this Agreement shall be deemed amended to include the proposed Additional Subservicer as a “Subservicer” hereunder. For the avoidance of doubt, any Person to which the Servicer (including any Successor Servicer) has delegated its duties hereunder in accordance with Section 6.07 shall not be subject to an Accession or be required to become a party to this Agreement.

Appears in 8 contracts

Samples: Sale and Servicing Agreement (Regional Management Corp.), Sale and Servicing Agreement (Regional Management Corp.), Sale and Servicing Agreement (Regional Management Corp.)

AutoNDA by SimpleDocs

Additional Subservicers. The Depositor agrees that, subject to the satisfaction of the conditions set forth below, any Affiliate of Regional Management may be added as a party to this Agreement (an “Accession”) as a “Subservicer” (each such Person, an “Additional Subservicer”), upon the Depositor’s receipt of a written request from Regional Management requesting that such Additional Subservicer be added to this Agreement as a Subservicer at least five (5) days prior to the first acquisition of Eligible Loans to be serviced by such Additional Subservicer: (a) the Depositor shall have delivered to the Indenture Trustee a fully executed copy of an Accession Agreement substantially in the form of Exhibit D hereto with respect to such Additional Subservicer; (b) notice of any Accession and the related Additional Subservicer shall have been provided to each the Rating Agency; (c) there shall have been delivered to the Indenture Trustee (on behalf of the Noteholders) an Officer’s Certificate of Regional Management stating that such Accession is not reasonably expected to result in an Adverse Effect; and (d) as of the effective date of such Accession, the conditions precedent applicable to such Additional Subservicer as set forth in Exhibit E shall have been fulfilled. Upon the effectiveness of any Accession, this Agreement shall be deemed amended to include the proposed Additional Subservicer as a “Subservicer” hereunder. For the avoidance of doubt, any Person to which the Servicer (including any Successor Servicer) has delegated its duties hereunder in accordance with Section 6.07 shall not be subject to an Accession or be required to become a party to this Agreement.

Appears in 3 contracts

Samples: Sale and Servicing Agreement (Regional Management Corp.), Sale and Servicing Agreement (Regional Management Corp.), Sale and Servicing Agreement (Regional Management Corp.)

Additional Subservicers. The Depositor agrees that, subject to the satisfaction of the conditions set forth below, any Affiliate of Regional Management OneMain Financial may be added as a party to this Agreement (an “Accession”) as a “Subservicer” (each such Person, an “Additional Subservicer”), upon the Depositor’s receipt of a written request from Regional Management OneMain Financial requesting that such Additional Subservicer be added to this Agreement as a Subservicer at least five (5) days prior to the first acquisition of Eligible Loans to be serviced by such Additional Subservicer: (a) the Depositor shall have delivered to the Indenture Trustee a fully executed copy of an Accession Agreement substantially in the form of Exhibit D hereto with respect to such Additional Subservicer; (b) notice of any Accession and the related Additional Subservicer shall have been provided to each Rating Agency; (c) there shall have been delivered to the Indenture Trustee (on behalf of the Noteholders) an Officer’s Certificate of Regional Management OneMain Financial stating that such Accession is not reasonably expected to result in an Adverse Effect; (d) the duties and obligations of the Additional Subservicer under this Agreement shall be fully guaranteed by the Performance Support Provider pursuant to the Performance Support Agreement; and (de) as of the effective date of such Accession, the conditions precedent applicable to such Additional Subservicer as set forth in Exhibit E shall have been fulfilled. Upon the effectiveness of any Accession, this Agreement shall be deemed amended to include the proposed Additional Subservicer as a “Subservicer” hereunder. For the avoidance of doubt, any Person to which the Servicer (including any Successor Servicer) has delegated its duties hereunder in accordance with Section 6.07 shall not be subject to an Accession or be required to become a party to this Agreement.

Appears in 3 contracts

Samples: Sale and Servicing Agreement (OneMain Financial Holdings, Inc.), Sale and Servicing Agreement (OneMain Financial Holdings, Inc.), Sale and Servicing Agreement (OneMain Financial Holdings, Inc.)

Additional Subservicers. The Depositor agrees that, subject Subject to the satisfaction of the conditions set forth below, any Affiliate of Regional Management SouthernCo may be added as a party to this Agreement (an “Accession”) as a “Subservicer,(each such Person, an “Additional Subservicer”), upon the DepositorAdministrative Agent’s receipt of a written request notice from Regional Management requesting SouthernCo that such Additional Subservicer Affiliate be added to this Agreement as a Subservicer at least five (5) days prior to the first acquisition of Eligible Loans Receivables to be serviced by such Additional SubservicerAffiliate and: (a) the Depositor SouthernCo shall have delivered to the Indenture Trustee Collateral Agent and the Administrative Agent a fully executed copy of an Accession Agreement substantially in the form of Exhibit D hereto with respect to such Additional additional Subservicer; (b) notice of any Accession and the related Additional additional Subservicer shall have been provided to each Rating Agency; Agency (c) there shall have been delivered to the Indenture Trustee (on behalf of the Noteholders) an Officer’s Certificate of Regional Management stating that such Accession is not reasonably expected to result in an Adverse Effectif any); and (dc) as of the effective date of such Accession, the conditions precedent applicable to such Additional additional Subservicer as set forth in Exhibit E shall have been fulfilled. Upon the effectiveness of any Accession, this Agreement shall be deemed amended to include the proposed Additional additional Subservicer as a “Subservicer” hereunder. For the avoidance of doubt, any Person to which the Servicer (including any Successor Servicer) has delegated its duties hereunder in accordance with Section 6.07 shall not be subject to an Accession or be required to become a party to this Agreement.

Appears in 1 contract

Samples: Credit Agreement (CURO Group Holdings Corp.)

Additional Subservicers. The Depositor agrees that, subject to the satisfaction of the conditions set forth below, any Affiliate of Regional Management OneMain Financial may be added as a party to this Agreement (an “Accession”) as a “Subservicer” (each such Person, an “Additional Subservicer”), upon the Depositor’s receipt of a written request from Regional Management OneMain Financial requesting that such Additional Subservicer be added to this Agreement as a Subservicer at least five (5) days prior to the first acquisition of Eligible Loans to be serviced by such Additional Subservicer: (a) the Depositor shall have delivered to the Indenture Trustee a fully executed copy of an Accession Agreement substantially in the form of Exhibit D hereto with respect to such Additional Subservicer; (b) notice of any Accession and the related Additional Subservicer shall have been provided to each the Rating Agency; (c) there shall have been delivered to the Indenture Trustee (on behalf of the Noteholders) an Officer’s Certificate of Regional Management OneMain Financial stating that such Accession is not reasonably expected to result in an Adverse Effect; (d) the duties and obligations of the Additional Subservicer under this Agreement shall be fully guaranteed by the Performance Support Provider pursuant to the Performance Support Agreement; and (de) as of the effective date of such Accession, the conditions precedent applicable to such Additional Subservicer as set forth in Exhibit E shall have been fulfilled. Upon the effectiveness of any Accession, this Agreement shall be deemed amended to include the proposed Additional Subservicer as a “Subservicer” hereunder. For the avoidance of doubt, any Person to which the Servicer (including any Successor Servicer) has delegated its duties hereunder in accordance with Section 6.07 shall not be subject to an Accession or be required to become a party to this Agreement.

Appears in 1 contract

Samples: Sale and Servicing Agreement (OneMain Financial Holdings, Inc.)

AutoNDA by SimpleDocs

Additional Subservicers. The Depositor agrees that, subject to the satisfaction of the conditions set forth below, any Affiliate of Regional Management may be added as a party to this Agreement (an “Accession”) as a “Subservicer” (each such Person, an “Additional Subservicer”), upon the Depositor’s receipt of a written request from Regional Management requesting that such Additional Subservicer be added to this Agreement as a Subservicer at least five (5) days prior to the first acquisition of Eligible Loans to be serviced by such Additional Subservicer: (a) the Depositor shall have delivered to the Indenture Trustee a fully executed copy of an Accession Agreement substantially in the form of Exhibit D hereto with respect to such Additional Subservicer; (b) notice of any Accession and the related Additional Subservicer shall have been provided to each Rating Agency; (c) there shall have been delivered to the Indenture Trustee (on behalf of the Noteholders) an Officer’s Certificate of Regional Management stating that such Accession is not reasonably expected to result in an Adverse Effect; and (dc) as of the effective date of such Accession, the conditions precedent applicable to such Additional Subservicer as set forth in Exhibit E shall have been fulfilled. Upon the effectiveness of any Accession, this Agreement shall be deemed amended to include the proposed Additional Subservicer as a “Subservicer” hereunder. For the avoidance of doubt, any Person to which the Servicer (including any Successor Servicer) has delegated its duties hereunder in accordance with Section 6.07 shall not be subject to an Accession or be required to become a party to this Agreement.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Regional Management Corp.)

Additional Subservicers. The Depositor agrees that, subject Subject to the satisfaction of the conditions set forth below, any Affiliate of Regional Management SouthernCo may be added as a party to this Agreement (an “Accession”) as a “Subservicer,(each such Person, an “Additional Subservicer”), upon the DepositorAdministrative Agent’s receipt of a written request notice from Regional Management requesting SouthernCo that such Additional Subservicer Affiliate be added to this Agreement as a Subservicer at least five (5) days prior to the first acquisition of Eligible Loans Receivables to be serviced by such Additional Subservicer: Affiliate and: (a) the Depositor SouthernCo shall have delivered to the Indenture Trustee Collateral Agent and the Administrative Agent a fully executed copy of an Accession Agreement substantially in the form of Exhibit D hereto with respect to such Additional additional Subservicer; ; (b) notice of any Accession and the related Additional additional Subservicer shall have been provided to each Rating Agency; Agency (if any); and (c) there shall have been delivered to the Indenture Trustee (on behalf of the Noteholders) an Officer’s Certificate of Regional Management stating that such Accession is not reasonably expected to result in an Adverse Effect; and (d) as of the effective date of such Accession, the conditions precedent applicable to such Additional additional Subservicer as set forth in Exhibit E shall have been fulfilled. Upon the effectiveness of any Accession, this Agreement shall be deemed amended to include the proposed Additional additional Subservicer as a “Subservicer” hereunder. For the avoidance of doubt, any Person to which the Servicer (including any Successor Servicer) has delegated its duties hereunder in accordance with Section 6.07 shall not be subject to an Accession or be required to become a party to this Agreement.

Appears in 1 contract

Samples: Credit Agreement (CURO Group Holdings Corp.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!