Effects of Termination of Servicer. (a) Upon the appointment of the successor Servicer, the predecessor Servicer shall remit any Scheduled Payments, Overdue Payments and any other payments or proceeds that it may receive pursuant to any Lease Contract or otherwise to the successor Servicer after such date of appointment.
Effects of Termination of Servicer. (a) Upon the appointment of the successor Servicer, the terminated Servicer shall hold in trust for the Trustee and immediately remit any Scheduled Payments, Residual Receipts, Overdue Payments, Security Deposit, Insurance Proceeds, Total Payoff amounts, Advance Payments, Prepayment Amounts, and proceeds of any Related Security that it may receive pursuant to any Contract, any Broker Agreement, Insurance Policy or otherwise to the successor Servicer for the benefit of the Trustee; provided, that amounts representing Security Deposits shall be remitted as required by paragraph (b) below.
Effects of Termination of Servicer. .. 24 Section 6.06. No Effect on Other Parties.................. 25 ARTICLE 7
Effects of Termination of Servicer. (a) The predecessor Servicer shall remit or cause to be transmitted directly to the successor Servicer in the same form in which received, any amounts held by such predecessor Servicer (properly endorsed where required for such successor to collect them) received as payments upon or otherwise in connection with the Trust Estate within one Business Day of receipt thereof. All payments received by the predecessor Servicer shall be held in trust by it until such remittance to the successor Servicer.
Effects of Termination of Servicer. Upon termination of this Agreement as provided for herein, Servicer shall immediately, (a) remit to Originator any scheduled Lease payments or any other payments that it may receive pursuant to any Lease serviced under this Agreement, (b) return to Originator all documents under custodial control of Servicer pursuant to this Agreement, (c) execute any document necessary to effectuate the termination of this Agreement (d) provide Originator a final accounting of all sums received and applied pursuant to this Agreement. ARTICLE 6
Effects of Termination of Servicer. (a) Upon the appointment of a successor Servicer for any Series, the predecessor Servicer for such Series shall remit any Scheduled Payments related to such Series and any other payments or proceeds that such predecessor may receive pursuant to any Contract or otherwise related to such Series to such successor after such date of appointment.
Effects of Termination of Servicer. 50 ARTICLE X EVENTS OF DEFAULT AND REMEDIES
Effects of Termination of Servicer. (a) Upon the appointment of the successor Servicer, the predecessor Servicer shall thereafter hold in trust for the Purchaser (and the Administrative Agent) and shall remit within one (1) Business Day of identification, any payments or proceeds that it may receive with respect to the Transferred Receivables to the Administrative Agent for deposit into the Concentration Account after such date of appointment.
Effects of Termination of Servicer. (a) Upon the termination of this Agreement or the Servicer pursuant to Sections 7.01 or 8.01 hereof, the Servicer shall pay all monies with respect to the Policies held by the Servicer, to which the Servicer is not otherwise entitled, to the Issuer or upon the Issuer's order.
Effects of Termination of Servicer. (a) Upon the appointment of the successor Servicer, the predecessor Servicer shall remit within 2 Business Days any Scheduled Payments and any other payments or proceeds that it may receive with respect to the Lease Assets to the successor Servicer after such date of appointment.
