Common use of No Servicing Assignment Clause in Contracts

No Servicing Assignment. Notwithstanding anything to the contrary contained herein, except as provided in Sections 5.02 and 5.04 hereof, this Agreement may not be assigned by the Issuer, the Seller, the Subservicer or the Servicer (except with respect to the appointment of a subservicer) without the prior written consent of the Holders of Notes representing not less than 66-2/3% in principal amount of the Notes Outstanding.

Appears in 2 contracts

Samples: Servicing Agreement (Trendwest Resorts Inc), Servicing Agreement (Trendwest Resorts Inc)

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No Servicing Assignment. Notwithstanding anything to the contrary contained herein, except as provided in Sections 5.02 6.02 and 5.04 6.04 hereof, this Agreement may not be assigned by the Issuer, the Seller, the Subservicer Contributor or the Servicer (except with respect to the appointment of a subservicer) without the prior written consent of the Holders of Notes representing not less than 66-2/3% in principal of the aggregate amount of the Notes Outstanding.

Appears in 1 contract

Samples: Servicing Agreement (Sunrise Resources Inc\mn)

No Servicing Assignment. Notwithstanding anything to the contrary contained herein, except as provided in Sections 5.02 and 5.04 hereof, this Agreement may not be assigned by the Issuer, the Seller, the Subservicer Seller or the Servicer (except with respect to the appointment of a subservicer) without the prior written consent of the Holders of Notes representing not less than 66-2/3% in principal amount of the Outstanding Notes Outstandingof the Controlling Class.

Appears in 1 contract

Samples: Servicing Agreement (Trendwest Resorts Inc)

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No Servicing Assignment. Notwithstanding anything to the contrary contained herein, except as provided in Sections 5.02 and 5.04 hereof, this Agreement may not be assigned by the Issuer, the Seller, the Subservicer or the Servicer (except with respect to the appointment of a subservicer) without the prior written consent of the Holders of Notes representing not less than 66-2/3% in principal amount of the Controlling Class of the Notes OutstandingOutstanding of each affected Series.

Appears in 1 contract

Samples: Servicing Agreement (Trendwest Resorts Inc)

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