Master Servicer Termination Events. If any one of the following events ("Master Servicer Termination Events") shall occur and be continuing:
(a) Any failure by the Master Servicer to deposit in the Collection Account any deposit required to be made under the terms of this Agreement which continues unremedied for a period of five (5) Business Days after the date upon which written notice of such failure shall have been given to the Master Servicer by the Indenture Trustee, the Administrator or the Depositor, or to the Master Servicer, the Depositor, the Indenture Trustee and the Administrator by the Majority Noteholder; or
(b) Any failure on the part of the Master Servicer duly to observe or perform in any material respect any other covenants or agreements of the Master Servicer set forth in the Notes or in this Agreement (including covenants in Section 2.03), which failure (A) materially and adversely affects the interests of Noteholders and (B) continues unremedied for a period of sixty (60) days after the date on which written notice of such failure, requiring the same to be remedied, shall have been given to the Master Servicer by the Indenture Trustee or the Depositor, or to the Master Servicer, the Depositor and the Indenture Trustee by the Majority Noteholder; or
(c) The entry against the Master Servicer of a decree or order by a court or agency or supervisory authority having jurisdiction in the premises for the appointment of a trustee, conservator, receiver or liquidator in any insolvency, conservatorship, receivership, readjustment of debt, marshalling of assets and liabilities or similar proceedings, or for the winding up or liquidation of its affairs, and the continuance of any such decree or order unstayed and in effect for a period of 60 consecutive days; or
(d) The consent by the Master Servicer to the appointment of a trustee, conservator, receiver or liquidator in any insolvency, conservatorship, receivership, readjustment of debt, marshalling of assets and liabilities or similar proceedings of or relating to the Master Servicer or of or relating to substantially all of its property; or the Master Servicer shall admit in writing its inability to pay its debts generally as they become due, file a petition to take advantage of any applicable insolvency or reorganization statute, make an assignment for the benefit of its creditors, or voluntarily suspend payment of its obligations; then, and in each and every case, so long as a Master Servicer Termination Event shall not have b...
Master Servicer Termination Events. 60 SECTION 7.02 Indenture Trustee to Act; Appointment of Successor..........................61
Master Servicer Termination Events. For purposes of this Agreement, the occurrence and continuance of any of the following shall constitute a "Master Servicer Termination Event":
Master Servicer Termination Events. 46 Section 8.02. Consequences of a Master Servicer Termination Event...................................47 Section 8.03. Appointment of Successor Master Servicer..............................................48 Section 8.04. Notification to Securityholders.......................................................49 Section 8.05. Waiver of Past Defaults...............................................................49 ARTICLE IX TERMINATION
Master Servicer Termination Events. Section 8.01.
Master Servicer Termination Events. 60 SECTION 10.02
Master Servicer Termination Events. If any one of the following events ("Master Servicer Termination Events") shall occur and be continuing:
(a) Any failure by the Master Servicer to deposit in the Collection Account any deposit required to be made under the terms of this Agreement which continues unremedied for a period of five (5) Business Days after the date upon which written notice of such failure shall have been given to the Master Servicer by the Indenture Trustee or the Depositor, or to the Master Servicer, the Depositor and the Indenture Trustee by (i) the Insurer, so long as no Insurer Default exists and is continuing, or (ii) during the existence of an Insurer Default, the Majority Noteholder (without the consent of the Insurer so long as an Insurer Default is continuing); or
(b) Any failure on the part of the Master Servicer duly to observe or perform in any material respect any other covenants or agreements of the Master Servicer set forth in the Notes or in this Agreement, which failure (A) materially and adversely affects the interests of Noteholders or, so long as no Insurer Default exists and is continuing, the Insurer and (B) continues unremedied for a period of sixty (60) days after the date on which written notice of such failure, requiring the same to be remedied, shall have been given to the Master Servicer by the Indenture Trustee or the Depositor, or to the Master Servicer, the Depositor and the Indenture Trustee by (i) the Insurer, so long as no Insurer Default exists and is continuing, or (ii) during the existence of an Insurer Default, the Majority Noteholder (without the consent of the Insurer so long as an Insurer Default is continuing); or
(c) The entry against the Master Servicer of a decree or order by a court or agency or supervisory authority having jurisdiction in the premises for the appointment of a trustee, conservator, receiver or liquidator in any insolvency, conservatorship, receivership, readjustment of debt, marshalling of assets and liabilities or similar proceedings, or for the winding up or liquidation of its affairs, and the continuance of any such decree or order unstayed and in effect for a period of 60 consecutive days; or
(d) The consent by the Master Servicer to the appointment of a trustee, conservator, receiver or liquidator in any insolvency, conservatorship, receivership, readjustment of debt, marshalling of assets and liabilities or similar proceedings of or relating to the Master Servicer or of or relating to substantially all of its ...
Master Servicer Termination Events. Any of the following events or occurrences shall constitute a Master Servicer Termination Event under this Agreement, the assertion as to the occurrence of which may be made, and notice of which may be given, by either the Master Issuer or the Trustee (acting at the direction of the Control Party):
(i) any failure by the Master Servicer to remit to the Collection Account, any Base Indenture Account or any Series Account, within two (2) Business Days of its actual knowledge of its receipt thereof, any payments required to be deposited into the Collection Account, such Base Indenture Account or such Series Account received by it in respect of the Serviced Assets;
(ii) the Quarterly DSCR for any Quarterly Payment Date is less than 1.
Master Servicer Termination Events. 57 Section 7.02. Subservicer Termination Events............................................................... 59 Section 7.03. Appointment of Successor Master Servicer or Successor Subservicer............................ 60 Section 7.04. Notification to Insurer, Noteholders, Certificateholders and Rating Agencies................. 61 Section 7.05. Waiver of Past Termination Events............................................................ 61 ARTICLE EIGHT
Master Servicer Termination Events. Section 7.02 Indenture Trustee to Act; Appointment of Successor Section 7.03 Waiver of Defaults Section 7.04 Notification to Noteholders ARTICLE VIII. TERMINATION Section 8.01 Termination
