Common use of No Event of Default or Servicer Termination Event Clause in Contracts

No Event of Default or Servicer Termination Event. No Event of Default with respect to the Notes or Servicer Termination Event has occurred and is continuing, and no event, act or omission has occurred and is continuing which, with the lapse of time, the giving of notice, or both, would constitute such an Event of Default or Servicer Termination Event.

Appears in 5 contracts

Samples: Loan Agreement (NCT Funding Co LLC), Loan Agreement (Cit Equipment Collateral 2003-Vt1), Loan Agreement (Cit Equipment Collateral 2002-Vt1)

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No Event of Default or Servicer Termination Event. No Event of Default with respect to the Notes or Servicer Termination Event has occurred and is continuing, and no event, act or omission has occurred and is continuing which, with the lapse of time, the giving of notice, or both, would constitute such an a Event of Default or Servicer Termination Event.

Appears in 4 contracts

Samples: Loan Agreement (Cit Equipment Collateral 2001-1), Loan Agreement (Cit Equipment Collateral 2000-2), Reserve Account Agreement (Cit Ec Ef 2001-A)

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