Common use of Non-Distribution of Servicer's Fee Clause in Contracts

Non-Distribution of Servicer's Fee. The Agent hereby consents (which consent may be revoked at any time after the occurrence and during the continuance of a Liquidation Event), to the retention by the Master Servicer of the amounts (if any) identified pursuant to Section 1.3 in respect of the Servicer's Fee, in which case no distribution shall be made in respect of the Purchaser's Share of the Servicer's Fee pursuant to clause (d) above.

Appears in 3 contracts

Samples: Receivables Purchase Agreement (Cadmus Communications Corp/New), Receivables Purchase Agreement (Cadmus Communications Corp/New), Receivables Purchase Agreement (Cadmus Communications Corp/New)

AutoNDA by SimpleDocs

Non-Distribution of Servicer's Fee. The Agent Administrator hereby consents (which consent may be revoked at any time after the occurrence and during the continuance of a Liquidation Event), to the retention by the Master Servicer of the amounts (if any) identified set aside pursuant to Section 1.3 1.03 in respect of the Servicer's Fee, in which case no distribution shall be made in respect of the Purchaser's Share of the Servicer's Fee pursuant to clause (d) aboveSection 3.01(d).

Appears in 2 contracts

Samples: Asset Interest Transfer Agreement (Westpoint Stevens Inc), Asset Interest Transfer Agreement (Westpoint Stevens Inc)

Non-Distribution of Servicer's Fee. The If the Agent hereby consents (which consent may be revoked at any time after the occurrence and during the continuance of a Liquidation Eventtime), to the retention by the Master Servicer of the amounts (if any) identified set aside pursuant to Section 1.3 3.02 in respect of the Servicer's FeeFee may be retained by Servicer, in which case no distribution shall be made in respect of the Purchaser's Share of the Servicer's Fee pursuant to clause (d) Section 3.02 above.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Anuhco Inc), Receivables Purchase Agreement (Transfinancial Holdings Inc)

Non-Distribution of Servicer's Fee. The Each Purchaser Agent hereby consents (which consent may be revoked at any time after the occurrence and during the continuance of a Liquidation Event), to the retention by the Master Servicer Servicers of the amounts (if any) identified set aside pursuant to Section 1.3 in respect of the Servicer's ’s Fee, in which case no distribution shall be made in respect of the Purchaser's Share of the Servicer's ’s Fee pursuant to clause (d) above.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Georgia Gulf Corp /De/)

Non-Distribution of Servicer's Fee. The Administrative Agent hereby consents (which consent may be revoked at any time after the occurrence and during the continuance of a Liquidation Event), to the retention by the Master Servicer Servicers of the amounts (if any) identified set aside pursuant to Section SECTION 1.3 in respect of the Servicer's Fee, in which case no distribution shall be made in respect of the Purchaser's Share of the Servicer's Fee pursuant to clause (d) above.

Appears in 1 contract

Samples: Receivables Transfer Agreement (Georgia Gulf Corp /De/)

AutoNDA by SimpleDocs

Non-Distribution of Servicer's Fee. The Administrative Agent hereby consents (which consent may be revoked at any time after the occurrence and during the continuance of a Liquidation Event), to the retention by the Master Servicer Servicers of the amounts (if any) identified set aside pursuant to Section 1.3 in respect of the Servicer's Fee, in which case no distribution shall be made in respect of the Purchaser's Share of the Servicer's Fee pursuant to clause (d) ), above.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Georgia Gulf Corp /De/)

Non-Distribution of Servicer's Fee. The Administrative Agent hereby consents (which consent may be revoked at any time after the occurrence and during the continuance of a Liquidation Event or Credit Event), to the retention by the Master Servicer of the amounts (if any) identified set aside pursuant to Section 1.3 in respect of the Purchaser's Share of the Servicer's Fee, in which case no distribution shall be made in respect of the Purchaser's Share of the Servicer's Fee pursuant to clause (d) above.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Mascotech Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!