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Common use of No Servicer Default Clause in Contracts

No Servicer Default. In the case of the Servicer, no event has occurred and is continuing and no condition exists, or would result from such Borrowing or Release which constitutes, or with the passage of time or the giving of notice, or both, would constitute, a Servicer Default.

Appears in 4 contracts

Samples: Loan and Servicing Agreement (Newell Brands Inc.), Loan and Servicing Agreement (Newell Brands Inc), Loan and Servicing Agreement (Newell Brands Inc)

No Servicer Default. In the case of the Servicer, no event has occurred and is continuing exists and no condition exists, or would result from such Borrowing borrowing of a Loan or Release from the application of the proceeds therefrom, which constitutes, or with the passage of time or the giving of notice, or both, would constitute, constitutes a Servicer Default.

Appears in 3 contracts

Samples: Loan and Administration Agreement (Commercial Credit, Inc.), Loan and Administration Agreement (Commercial Credit, Inc.), Loan and Administration Agreement (Commercial Credit, Inc.)

No Servicer Default. In the case of the each Servicer, no event has occurred and is continuing exists and no condition exists, or would result from such Borrowing borrowing of a Loan or Release from the application of the proceeds therefrom, which constitutes, or with the passage of time or the giving of notice, or both, would constitute, constitutes a Servicer Default.

Appears in 1 contract

Samples: Loan and Administration Agreement (Commercial Credit, Inc.)

No Servicer Default. In the case of the Servicer, no No event has occurred and is continuing and no condition exists, or would result from such Borrowing Investment or Release which constitutes, or with the passage of time or the giving of notice, or both, would constitute, a Servicer Default.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Newell Brands Inc.)