Common use of Backup Servicing Termination Clause in Contracts

Backup Servicing Termination. Subject to Section 2.4 hereof, prior to the time the Backup Servicer receives a notice from the Trust Collateral Agent that the Backup Servicer will become the Servicer, the Backup Servicer may terminate this Agreement for any reason in its sole judgment and discretion upon delivery of ninety (90) days advance written notice to the Noteholders and the Trust Collateral Agent of such termination.

Appears in 28 contracts

Samples: Backup Servicing Agreement (Credit Acceptance Corp), Backup Servicing Agreement (Credit Acceptance Corp), Backup Servicing Agreement (Credit Acceptance Corp)

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Backup Servicing Termination. Subject to Section 2.4 hereof, prior Prior to the time the Backup Servicer receives a notice from the Trust Collateral Deal Agent that the Backup Servicer will become the Servicer, the Backup Servicer may terminate this Agreement for any reason in its sole judgment and discretion upon delivery of ninety (90) 90 days advance written notice to the Noteholders and the Trust Collateral Deal Agent of such termination.

Appears in 10 contracts

Samples: Backup Servicing Agreement (Credit Acceptance Corp), Backup Servicing Agreement (Credit Acceptance Corp), Backup Servicing Agreement (Credit Acceptance Corp)

Backup Servicing Termination. Subject to Section 2.4 hereof, prior Prior to the time the Backup Servicer receives a notice from the Trust Collateral Agent that the Backup Servicer will become the Servicer, the Backup Servicer may terminate this Agreement for any reason in its sole judgment and discretion upon delivery of ninety (90) 90 days advance written notice to the Noteholders and Class A Insurer or the Trust Collateral Agent of such terminationtermination with a copy to the Backup Insurer.

Appears in 3 contracts

Samples: Backup Servicing Agreement (Credit Acceptance Corporation), Backup Servicing Agreement (Credit Acceptance Corporation), Backup Servicing Agreement (Credit Acceptance Corporation)

Backup Servicing Termination. Subject to Section 2.4 hereof, prior Prior to the time the Backup Servicer receives a notice from the Trust Collateral Agent that the Backup Servicer will become the Servicer, the Backup Servicer may terminate this Agreement for any reason in its sole judgment and discretion upon delivery of ninety (90) 90 days advance written notice to the Noteholders and Class A Insurer or the Trust Collateral Agent of such termination.

Appears in 3 contracts

Samples: Backup Servicing Agreement (Credit Acceptance Corporation), Backup Servicing Agreement (Credit Acceptance Corporation), Backup Servicing Agreement (Credit Acceptance Corporation)

Backup Servicing Termination. Subject to Section 2.4 hereof, prior Prior to the time the Backup Servicer receives a notice from the Trust Collateral Deal Agent that the Backup Servicer will become the Servicer, the Backup Servicer may terminate this Agreement for any reason in its sole judgment and discretion upon delivery of ninety (90) 90 days advance written notice to the Noteholders and Deal Agent or the Trust Collateral Agent of such termination.

Appears in 2 contracts

Samples: Backup Servicing Agreement (Credit Acceptance Corp), Backup Servicing Agreement (Credit Acceptance Corporation)

Backup Servicing Termination. Subject to Section 2.4 hereof, prior Prior to the time the Backup Servicer receives a notice from the Trust Collateral Agent that the Backup Servicer will become the Servicer, the Backup Servicer may terminate this Agreement for any reason in its sole judgment and discretion upon delivery of ninety (90) 90 days advance written notice to the Noteholders and the Trust Collateral Agent of such termination.

Appears in 1 contract

Samples: Backup Servicing Agreement (Credit Acceptance Corporation)

Backup Servicing Termination. Subject to Section 2.4 hereof, prior Prior to the time the Backup Servicer receives a notice from the Trust Collateral Deal Agent that the Backup Servicer will become the Servicer, the Backup Servicer may terminate this Agreement for any reason in its sole judgment and discretion upon delivery of ninety (90) 90 days advance written notice to the Noteholders and the Trust Collateral Agent Lenders of such termination.

Appears in 1 contract

Samples: Backup Servicing Agreement (Credit Acceptance Corp)

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Backup Servicing Termination. Subject to Section 2.4 hereof, prior to the time the Backup Servicer receives a notice from the Trust Collateral Agent that the Backup Servicer will become the Servicer, the Backup Servicer may terminate this Agreement for any reason in its sole judgment and discretion upon delivery of ninety (90) days advance written notice to the Noteholders and the Trust Collateral Agent of such termination. SECTION 4.4.

Appears in 1 contract

Samples: Backup Servicing Agreement Backup Servicing Agreement

Backup Servicing Termination. Subject to Section 2.4 hereof, prior to the time the Backup Servicer receives a notice from the Trust Collateral Agent that the Backup Servicer will become the Servicer, the Backup Servicer may terminate this Agreement for any reason in its sole judgment and discretion upon delivery of ninety (90) 90 days advance written notice to the Noteholders and the Trust Collateral Agent of such termination.

Appears in 1 contract

Samples: Backup Servicing Agreement (Credit Acceptance Corp)

Backup Servicing Termination. Subject to Section 2.4 0 hereof, prior to the time the Backup Servicer receives a notice from the Trust Collateral Agent that the Backup Servicer will become the Servicer, the Backup Servicer may terminate this Agreement for any reason in its sole judgment and discretion upon delivery of ninety (90) days advance written notice to the Noteholders and the Trust Collateral Agent of such termination.

Appears in 1 contract

Samples: Backup Servicing Agreement (Credit Acceptance Corp)

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