Limitation of Successor Servicer’s Obligations. The successor Servicer shall not be responsible for any obligations or duties of the Servicer under this Section 12.1.
Appears in 16 contracts
Samples: Sale and Servicing Agreement (Consumer Portfolio Services Inc), Sale and Servicing Agreement (Consumer Portfolio Services Inc), Sale and Servicing Agreement (Consumer Portfolio Services Inc)
Limitation of Successor Servicer’s Obligations. The successor Servicer shall not be responsible for any obligations or duties of the Servicer under this Section 12.1. At any time after the resignation or termination of the initial Servicer, the Majority Certificateholders shall have the right, but not the obligation, to perform or cause to be performed any and all duties of the Servicer under this Section 12.1.
Appears in 1 contract
Samples: Sale and Servicing Agreement (Consumer Portfolio Services Inc)
