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. ARTICLE NINE

Appears in 2 contracts

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

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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: Transfer and Servicing Agreement (Greatamerica Leasing Receivables 2001-1 LLC), Transfer and Servicing Agreement (Greatamerica Leasing Receivables 2002-1 LLC)

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 101 the Rating Agencies, and the Rating Agency Condition shall have been satisfied with respect thereto. ARTICLE NINE.

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 the Rating Agencies, and the Rating Agency Condition shall have been satisfied with respect thereto. ARTICLE NINE[remainder of this page intentionally left blank]

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Newcourt Receivables Corp Ii)

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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. [remainder of this page intentionally left blank] ARTICLE NINE

Appears in 1 contract

Samples: Sale and Servicing Agreement (Newcourt Receivables Corp Ii)

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