Non-Performing Leases Sample Clauses

Non-Performing Leases. (a) Upon receipt of notice from the Issuer, the Trustee or any other Person, or if the Servicer otherwise learns that any Lease is a Non-Performing Lease, the Servicer will take such action as is appropriate, consistent with the Servicer's administration of leases in its own portfolio and consistent with the customary practices of servicers in the office equipment leasing industry, including such action as may be necessary to cause, or attempt to cause, the Lessee thereunder to cure such non-performance (if the same may be cured) or to terminate or attempt to terminate such Lease and to recover, or attempt to recover, all damages resulting from such default.

Non-Performing Leases. (a) Upon receipt of notice from the Issuer, the Trustee or any other Person, or if the Servicer otherwise learns that any Lease is a Non-Performing Lease, the Servicer will take such action as is appropriate, consistent with the Servicer's administration of leases in its own portfolio and consistent with the customary practices of servicers in the equipment leasing industry, including such action as may be necessary to cause, or attempt to cause, the Lessee thereunder to cure such non-performance (if the same may be cured) or to terminate or attempt to terminate such Lease and to recover, or attempt to recover, all damages resulting from such default. The Servicer shall demand, on behalf of the Issuer, that the Transferor immediately repay any Inter-Company Loan representing the advance pursuant to Section 13.01 hereof of any security deposit with respect to any Lease which becomes a Non-Performing Lease, and the Servicer shall apply such security deposit in accordance with Section 3.03(d) hereof.

Non-Performing Leases. 19 3.04 Costs of Servicing; Servicing Fee; Administrative Expenses.................................. 20

Non-Performing Leases. (a) Upon receipt of notice from Issuer, Indenture Trustee or Trustee or any other Person, or if Servicer otherwise learns that any Lease is a Non-Performing Lease, Servicer will take such action as is appropriate and as is consistent with the Servicing Standard, including such action as may be necessary to cause, or attempt to cause, Lessee thereunder to cure such non-performance (if the same may be cured) or to terminate or attempt to terminate such Lease and to recover, or attempt to recover, all damages resulting from such default.

Non-Performing Leases. 8 Noteholders.................................................................20 Notes.......................................................................18