Event of Default Under the Sale and Servicing Agreement. Any “Event of Default” (as defined in the Sale and Servicing Agreement) shall occur and be continuing (in which event Party B shall be the sole Affected Party and all Transactions shall be Affected Transactions).
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Samples: Isda Master Agreement (Toyota Auto Finance Receivables LLC), Isda Master Agreement (BMW Fs Securities LLC), Isda Master Agreement (Financial Services Vehicle Trust)
Event of Default Under the Sale and Servicing Agreement. Any “"Event of Default” " (as defined in the Sale and Servicing Agreement) shall occur and be continuing (in which event Party B shall be the sole Affected Party and all Transactions shall be Affected Transactions).
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