Designation of the Backup Servicer Sample Clauses

Designation of the Backup Servicer. The backup servicing role with respect to the Collateral shall be conducted by the Person designated as Backup Servicer under the Backup Servicing Agreement, which shall initially be Xxxxx Fargo.
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Designation of the Backup Servicer. (a) The backup servicing role with respect to the Receivables shall be conducted by the Person appointed to act as Backup Servicer hereunder from time to time in accordance with this Section. (b) The Borrower, the Trust and the Administrative Agent, on behalf of the Secured Parties, each hereby appoints and directs Xxxxx Fargo Bank to act as Backup Servicer, for the benefit of the Administrative Agent and the Secured Parties. Xxxxx Fargo Bank hereby accepts such appointment and agrees to perform the duties and obligations with respect thereto set forth herein. Xxxxx Fargo will perform its obligations as Backup Servicer through its Corporate Trust Services department (including, as applicable, any agents or Affiliates utilized thereby). (c) Until the receipt by Xxxxx Fargo Bank of a notice from the Administrative Agent of the designation of a new Backup Servicer pursuant to Section 8.04, Xxxxx Fargo Bank agrees that it will not terminate its activities as Backup Servicer hereunder except in accordance with Section 8.05. (d) Upon the occurrence of a Servicer Termination Event, the Administrative Agent (acting at the direction of the Required Lenders) may designate the Backup Servicer to act as Successor Servicer for the benefit of the Secured Parties. The Backup Servicer shall accept such appointment and agree to perform the duties and obligations with respect thereto set forth herein, subject to the terms hereof.
Designation of the Backup Servicer. (a) The backup servicing role with respect to the Receivables shall be conducted by the Person appointed to act as Backup Servicer hereunder from time to time in accordance with this Section. (b) The Borrower, the Trust and the Administrative Agent, on behalf of the Secured Parties, each hereby appoints and directs Xxxxx Fargo Bank to act as Backup Servicer, for the benefit of the Administrative Agent and the Secured Parties. Xxxxx Fargo Bank hereby accepts such appointment and agrees to perform the duties and obligations with respect thereto set forth herein. (c) Until the receipt by Xxxxx Fargo Bank of a notice from the Administrative Agent of the designation of a new Backup Servicer pursuant to Section 8.04, Xxxxx Fargo Bank agrees that it will not terminate its activities as Backup Servicer hereunder except in accordance with Section 8.05. (d) Upon the occurrence of a Servicer Termination Event, the Administrative Agent (acting at the direction of the Required Lenders) may designate the Backup Servicer to act as Successor Servicer for the benefit of the Secured Parties. The Backup Servicer shall accept such appointment and agree to perform the duties and obligations with respect thereto set forth herein.
Designation of the Backup Servicer. (a) The backup servicing role with respect to the Receivables shall be conducted by the Person appointed to act as Backup Servicer hereunder from time to time in accordance with this Section. (b) The Borrower, the Trust and the Administrative Agent, on behalf of the Secured Parties, each hereby appoints and directs Computershare to act as Backup Servicer, for the benefit of the Administrative Agent and the Secured Parties. Computershare hereby accepts such appointment and agrees to perform the duties and obligations with respect thereto set forth herein. Computershare will perform its obligations as Backup Servicer through its Corporate Trust Services department (including, as applicable, any agents or Affiliates utilized thereby). (c) Until the receipt by Computershare of a notice from the Administrative Agent of the designation of a new Backup Servicer pursuant to Section 8.04, Computershare agrees that it will not terminate its activities as Backup Servicer hereunder except in accordance with Section 8.05. (d) Upon the occurrence of a Servicer Termination Event, the Administrative Agent (acting at the direction of the Required Lenders) may designate the Backup Servicer to act as Successor Servicer for the benefit of the Secured Parties. The Backup Servicer shall accept such appointment and agree to perform the duties and obligations with respect thereto set forth herein, subject to the terms hereof.
Designation of the Backup Servicer. (a) The backup servicing role with respect to the Pledged Contracts shall be conducted by the Person appointed to act as Backup Servicer hereunder from time to time in accordance with this Section. (b) The Borrower and the Administrative Agent, on behalf of the Secured Parties, each hereby appoints and directs Xxxxx Fargo to act as Backup Servicer, for the benefit of the Administrative Agent and the Secured Parties. Xxxxx Fargo hereby accepts such appointment and agrees to perform the duties and obligations with respect thereto set forth herein. (c) Until the receipt by Xxxxx Fargo of a notice from the Administrative Agent of the designation of a new Backup Servicer pursuant to Section 8.4, Xxxxx Fargo agrees that it will not terminate its activities as Backup Servicer hereunder.
Designation of the Backup Servicer. The role of Backup Servicer with respect to the Collateral Loans shall be conducted by the Person designated as Backup Servicer hereunder from time to time in accordance with this Section 14.01. Until the Administrative Agent shall give to U.S. Bank National Association a Backup Servicer Termination Notice, U.S. Bank National Association is hereby appointed as, and hereby accepts such appointment and agrees to perform the duties and obligations of, Backup Servicer pursuant to the terms hereof.
Designation of the Backup Servicer. (a) Upon the occurrence of a Servicer Termination Event, the Administrative Agent may designate the Backup Servicer to act as Servicer for the benefit of the Administrative Agent and the Secured Parties. The Backup Servicer shall accept such appointment and agree to perform the duties and obligations with respect thereto set forth herein. (b) Until the receipt by the Backup Servicer of a notice from the Administrative Agent of the designation of a new Backup Servicer pursuant to Section 8.04, the Backup Servicer will not terminate its activities as Backup Servicer hereunder.
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Designation of the Backup Servicer. The backup servicing role with respect to the Collateral shall be conducted by the Person designated as Backup Servicer, hereunder from time to time in accordance with this Section 4.7. Until the Note Purchaser Agent shall deliver to USBPS a Backup Servicer Termination Notice, USBPS is hereby designated as, and hereby agrees to perform the duties and obligations of, the backup servicer pursuant to the terms hereof.
Designation of the Backup Servicer. (a) The backup servicing role with respect to the Receivables shall be conducted by the Person appointed to act as Backup Servicer hereunder from time to time in accordance with this Section. (b) The Borrower (on behalf of itself and on behalf of the Borrower Loan Trustee) and the Administrative Agent on behalf of the Secured Parties, each hereby appoints and directs Systems & Services Technologies, Inc. to act as Backup Servicer, for the benefit of the Secured Parties. Systems & Services Technologies, Inc. xxxxxx accepts such appointment and agrees to perform the duties and obligations with respect thereto set forth herein.
Designation of the Backup Servicer. The role of Backup Servicer with respect to the SBA 7
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