Common use of Notification of Servicer Default and Successor Servicer Clause in Contracts

Notification of Servicer Default and Successor Servicer. Within two Business Days after the Servicer becomes aware of any Servicer Default, the Servicer shall give prompt written notice thereof to the Trustee, each Purchaser Representative, each Rating Agency and each Enhancement Provider. Upon any termination or appointment of a Successor Servicer pursuant to this Article X, the Trustee shall give prompt written notice thereof to each Purchaser Representative, each Rating Agency and each Enhancement Provider.

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (Alliance Data Systems Corp), Pooling and Servicing Agreement (Charming Shoppes Receivables Corp), Pooling and Servicing Agreement (Charming Shoppes Master Trust)

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Notification of Servicer Default and Successor Servicer. Within two Business Days after the Servicer becomes aware of any Servicer Default, the Servicer shall give prompt written notice thereof to the Trustee, each Purchaser Representative, each Rating Agency and each Enhancement Provider. Upon any termination or appointment of a Successor Servicer pursuant to this Article X, the Trustee shall give prompt written notice thereof to each Purchaser Representative, each Rating Agency and each Enhancement Provider.. POOLING AND SERVICING AGREEMENT

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Elder Beerman Stores Corp)

Notification of Servicer Default and Successor Servicer. Within two Business Days after the Servicer becomes aware of any Servicer Default, the Servicer shall give prompt written notice thereof to the Trustee, each Purchaser Representative, Trustee and each Rating Agency and each Enhancement ProviderAgency. Upon any termination or appointment of a Successor Servicer pursuant to this Article X, the Trustee shall give prompt written notice thereof to each Purchaser Representative, each Rating Agency and each Enhancement ProviderAgency.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Stage Stores Inc)

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Notification of Servicer Default and Successor Servicer. Within two Business Days after the Servicer becomes aware of any Servicer Default, the Servicer shall give prompt written notice thereof to the Trustee, each Purchaser Representative, Indenture Trustee and each Rating Agency and each Enhancement ProviderAgency. Upon any termination or appointment of a Successor Servicer pursuant to this Article XVII, the Indenture Trustee shall give prompt written notice thereof to each Purchaser Representative, each Rating Agency and each Enhancement ProviderAgency.

Appears in 1 contract

Samples: Transfer and Servicing Agreement (Alliance Data Systems Corp)

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