Common use of Rating Agency Condition for Servicer Transfer Clause in Contracts

Rating Agency Condition for Servicer Transfer. Notwithstanding the foregoing provisions relating to a Servicer Transfer, no Servicer Transfer shall be effective hereunder unless prior written notice thereof shall have been given to the Rating Agencies, and the Rating Agency Condition shall have been satisfied with respect thereto.

Appears in 23 contracts

Samples: Sale and Servicing Agreement (Capitalsource Inc), Transfer and Servicing Agreement (American Capital Strategies LTD), Transfer and Servicing Agreement (American Capital Strategies LTD)

AutoNDA by SimpleDocs

Rating Agency Condition for Servicer Transfer. Notwithstanding the foregoing provisions relating to a Servicer Transfer, no Servicer Transfer shall be effective hereunder unless prior written notice thereof shall have been given to the Rating Agencies, and the Rating Agency Condition shall have been satisfied with respect thereto.. ARTICLE NINE

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Heller Funding Corp Ii), Transfer and Servicing Agreement (Orix Credit Alliance Receivables Trust 2000 B)

Rating Agency Condition for Servicer Transfer. Notwithstanding the foregoing provisions relating to a Servicer Transfer, no Servicer Transfer shall be effective hereunder unless prior written notice thereof shall have been given to the Rating AgenciesAgencies and, and except as set forth in Section 8.02(b), the Rating Agency Condition shall have been satisfied with respect thereto.

Appears in 1 contract

Samples: Sale and Servicing Agreement (NewStar Financial, Inc.)

Rating Agency Condition for Servicer Transfer. Notwithstanding the foregoing provisions relating to a Servicer Transfer, no Servicer Transfer Transfer, except in the case of the Backup Servicer assuming the role of Successor Servicer as contemplated by Sections 5.15(c) and 8.03(a), shall be effective hereunder unless prior written notice thereof shall have been given to the Rating Agencies, and the Rating Agency Condition shall have been satisfied with respect thereto.

Appears in 1 contract

Samples: Sale and Servicing Agreement (NewStar Financial, Inc.)

Rating Agency Condition for Servicer Transfer. 8.9 Notwithstanding the foregoing provisions relating to a Servicer Transfer, no Servicer Transfer shall be effective hereunder unless prior written notice thereof shall have been given to the Rating Agencies, and the Rating Agency Condition shall have been satisfied with respect thereto.

Appears in 1 contract

Samples: Sale and Servicing Agreement (MCG Capital Corp)

AutoNDA by SimpleDocs

Rating Agency Condition for Servicer Transfer. Notwithstanding the foregoing provisions relating to a Servicer Transfer, no Servicer Transfer shall be effective hereunder unless prior written notice thereof shall have been given to the Rating Agencies, and the Rating Agency Condition shall have been satisfied with respect thereto.. 119

Appears in 1 contract

Samples: Sale and Servicing Agreement (Capitalsource Inc)

Rating Agency Condition for Servicer Transfer. Notwithstanding the foregoing provisions relating to a Servicer Transfer, no Servicer Transfer shall be effective hereunder unless prior written notice thereof shall have been given to 130 the Rating Agencies, and the Rating Agency Condition shall have been satisfied with respect thereto.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Capitalsource Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.