Common use of Appointment of Successor Servicer Clause in Contracts

Appointment of Successor Servicer. (a) If the Servicer is terminated pursuant to Section 7.1, it will continue to perform its functions as Servicer under this Agreement until the date specified in the notice of termination. If the Servicer resigns pursuant to Section 6.6, it will continue to perform its functions as Servicer under this Agreement until the earlier to occur of (i) the Indenture Trustee or a Successor Servicer assuming the responsibilities and obligations of Ford Credit as Servicer in accordance with this Section 7.2 and as the Administrator in accordance with Section 5.2 of the Administration Agreement or (ii) the date upon which the Servicer is legally unable to act as Servicer as specified in the notice of resignation and accompanying Opinion of Counsel.

Appointment of Successor Servicer. (a) If the Servicer is terminated pursuant to under Section 7.1, it will continue to perform its functions as Servicer under this Agreement until the date specified stated in the notice of termination. If the Servicer resigns pursuant to under Section 6.6, it will continue to perform its functions as Servicer under this Agreement until the earlier to occur of (i) the Indenture Trustee or a Successor Servicer assuming the responsibilities and obligations of Ford Credit as Servicer in accordance with this Section 7.2 and as the Administrator in accordance with Section 5.2 of the Administration Agreement or (ii) the date upon which the Servicer is legally unable to act as Servicer as specified stated in the notice of resignation and accompanying Opinion of Counsel.