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

Non-Distribution of Servicer's Fee. The Administrator hereby consents (which consent may be revoked at any time after the occurrence and during the continuance of a Liquidation Event or Xxxxxx Credit Event), to the retention by the Servicer of the amounts (if any) identified pursuant to Section 3.2(c) in respect of the Servicer’s Fee, in which case no distribution shall be made in respect of the Servicer’s Fee pursuant to clause (d) above.

Appears in 1 contract

Samples: Credit and Security Agreement (Lanier Worldwide Inc)

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Non-Distribution of Servicer's Fee. The If the Administrator hereby consents (which consent may be revoked at any time after the occurrence and during the continuance of a Liquidation Event or Xxxxxx Credit Back-up Servicer Event), to the retention by the Servicer of the amounts (if any) identified set aside pursuant to Section 3.2(c) 1.03 in respect of the Servicer’s Fee's Fee may be retained by Servicer, in which case no distribution shall be made in respect of the Servicer’s 's Fee pursuant to clause (d) above.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Inacom Corp)

Non-Distribution of Servicer's Fee. The If the Administrator hereby consents (which consent may be revoked at any time after the occurrence and during the continuance of a Liquidation Event or Xxxxxx Credit Eventtime), to the retention by the Servicer of the amounts (if any) identified set aside pursuant to Section 3.2(c) 3.02 in respect of the Servicer’s Fee's Fee may be retained by Servicer, in which case no distribution shall be made in respect of the Servicer’s 's Fee pursuant to clause (d) Section 3.02 above.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Anuhco Inc)

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Non-Distribution of Servicer's Fee. The If the ---------------------------------- Administrator hereby consents (which consent may be revoked at any time after the occurrence and during the continuance of a Liquidation an Event or Xxxxxx Credit Eventof Default), to the retention by the Servicer of the amounts (if any) identified pursuant to Section 3.2(c) amount in respect of the Servicer’s Fee's Fee may be retained by Servicer, in which case no distribution shall be made in respect of the Servicer’s 's Fee pursuant to clause (c) or (d) ---------- --- above, as the case may be.

Appears in 1 contract

Samples: Receivables Financing Agreement (Anntaylor Stores Corp)

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