Common use of Agreement on Compliance Clause in Contracts

Agreement on Compliance. The Servicer agrees that, should any Governmental Authority with bank regulatory powers find that the terms of this Agreement, or any agreement relating to the servicing of the Receivables constitute an unsafe and unsound condition with respect to the Servicer, and such Governmental Authority notifies the Servicer of such finding, then the Servicer shall negotiate in good faith with the Issuer to correct any such deficiencies and to bring this Agreement into compliance with Applicable Law.

Agreement on Compliance. The Servicer agrees that, should any Governmental Authority with bank regulatory powers find that the terms of this Agreement, or any agreement relating to the servicing of the Receivables constitute an unsafe and unsound condition with respect to the Servicer, Servicer and such Governmental Authority notifies the Servicer of such finding, then the Servicer shall negotiate in good faith with the Issuer to correct any such deficiencies and to bring this Agreement into compliance with Applicable Law.

Agreement on Compliance. The Servicer agrees that, should any Governmental Authority governmental authority with bank regulatory powers find that the terms of this Agreement, or any agreement relating to the servicing of the Receivables Conveyed Assets constitute an unsafe and unsound condition with respect to the Servicer, Servicer and such Governmental Authority governmental authority notifies the Servicer of such finding, then the Servicer shall negotiate in good faith with the Issuer Issuing Entity to correct any such deficiencies and to bring this Agreement into compliance with Applicable Law.

Agreement on Compliance. The Servicer agrees that, should any Governmental Authority governmental authority with bank regulatory powers find that the terms of this Agreement, or any agreement relating to the servicing of the Receivables Conveyed Assets constitute an unsafe and unsound condition with respect to the Servicer, Servicer and such Governmental Authority governmental authority notifies the Servicer of such finding, then the Servicer shall negotiate in good faith with the Issuer Issuing Entity to correct any such deficiencies and to bring this Agreement into compliance with Applicable Law.. Sale and Servicing Agreement