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Common use of Duties of the Backup Servicer Clause in Contracts

Duties of the Backup Servicer. From the Closing Date until the earlier of (i) its removal pursuant to Section 8.04, (ii) its resignation in accordance with the provisions of Section 8.05, (iii) its appointment as Successor Servicer pursuant to Section 7.14(a) or (iv) the Facility Termination Date, the Backup Servicer shall perform, on behalf of the Secured Parties, the duties and obligations set forth in Section 7.09.

Appears in 28 contracts

Sources: Credit Agreement (Regional Management Corp.), Credit Agreement (Regional Management Corp.), Credit Agreement (Regional Management Corp.)

Duties of the Backup Servicer. From the Closing Date until the earlier of (i) its removal pursuant to Section 8.04, (ii) its resignation in accordance with the provisions of pursuant to Section 8.05, or (iii) its appointment as Successor Servicer pursuant to Section 7.14(a) or (iv) the Facility Termination Date, the Backup Servicer shall perform, on behalf of the Secured Parties, the duties and obligations set forth in Section 7.09Sections 7.10 and 7.11.

Appears in 2 contracts

Sources: Warehouse Agreement (Vroom, Inc.), Warehouse Agreement (Vroom, Inc.)

Duties of the Backup Servicer. From the Closing Date until the earlier of (i) its removal pursuant to Section 8.049.04, (ii) its resignation in accordance with the provisions of Section 8.05, 9.05 or (iii) its appointment as Successor Servicer pursuant to Section 7.14(a) or (iv) the Facility Termination Date, the Backup Servicer shall perform, on behalf of the Administrative Agent and the Secured Parties, the duties and obligations set forth in Section 7.09Sections 7.09 and 7.11.

Appears in 1 contract

Sources: Loan and Security Agreement (DT Acceptance Corp)

Duties of the Backup Servicer. From the Closing Date until the earlier of (i) its removal pursuant to Section 8.048.4, (ii) its resignation in accordance with the provisions of Section 8.05, 8.5 or (iii) its appointment as Successor Servicer pursuant to Section 7.14(a) or (iv) the Facility Termination Date, the Backup Servicer shall perform, on behalf of the Administrative Agent and the Secured Parties, the duties and obligations set forth in Section 7.09Sections 7.10 and 7.11.

Appears in 1 contract

Sources: Loan and Security Agreement (DT Acceptance Corp)

Duties of the Backup Servicer. From the Closing Date until the earlier of (i) its removal pursuant to Section 8.04, 7.21 or (ii) its resignation in accordance with the provisions of Section 8.05, (iii) its appointment as Successor Servicer pursuant to Section 7.14(a) or (iv) the Facility Termination Date, the Backup Servicer shall perform, on behalf of the Administrative Agent and the Secured Parties, the duties and obligations set forth in Section 7.097.10 and Section 7.11.

Appears in 1 contract

Sources: Warehouse Agreement (Flagship Credit Corp.)

Duties of the Backup Servicer. From the Closing Date until the earlier of (i) its removal pursuant to Section 8.04, 8.04 or (ii) its resignation in accordance with the provisions of Section 8.05, (iii) its appointment as Successor Servicer pursuant to Section 7.14(a) or (iv) the Facility Termination Date, the Backup Servicer shall perform, on behalf of the Secured Parties, the duties and obligations set forth in Section 7.09Sections 7.10 and 7.11.

Appears in 1 contract

Sources: Warehouse Agreement (Vroom, Inc.)

Duties of the Backup Servicer. From the Closing Date until the earlier of of (i) its removal pursuant to Section 8.04, (ii) its resignation in accordance with the provisions of Section 8.05, (iii) its appointment as Successor Servicer pursuant to Section 7.14(a7.13(a) or (iv) the Facility Termination Date, the Backup Servicer shall perform, on behalf of the Secured Parties, the duties and obligations set forth in Section 7.097.08.

Appears in 1 contract

Sources: Credit Agreement (World Acceptance Corp)

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