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Common use of Effect of Termination or Resignation Clause in Contracts

Effect of Termination or Resignation. Any termination or resignation of Master Servicer under this Agreement shall not affect any claims that Owner may have against Master Servicer for events or actions taken or not taken by Master Servicer arising prior to any such termination or resignation.

Appears in 5 contracts

Samples: Servicing Agreement (CDF Funding, Inc.), Servicing Agreement (CDF Funding, Inc.), Servicing Agreement (GE Dealer Floorplan Master Note Trust)

Effect of Termination or Resignation. Any termination of or resignation of by Master Servicer under this Agreement hereunder shall not affect any claims that Owner MRFC, the Purchasers, or the Administrative Agent may have against Master Servicer for events or actions taken or not taken by Master Servicer arising prior to any such termination or resignation.

Appears in 2 contracts

Samples: Receivables Transfer Agreement (Metaldyne Corp), Receivables Transfer Agreement (Metaldyne Corp)