Removal of Asset Representations Reviewer. If any of the following events occur, the Indenture Trustee may, or, at the direction of Noteholders evidencing a majority of the aggregate Outstanding Amount of the Notes shall, by notice to the Asset Representations Reviewer, remove the Asset Representations Reviewer and terminate its rights and obligations under this Agreement:
(i) the Asset Representations Reviewer is no longer an Eligible Asset Representations Reviewer;
(ii) the Asset Representations Reviewer breaches any of its representations, warranties, covenants or obligations in this Agreement; or
(iii) a Bankruptcy Event of the Asset Representations Reviewer occurs.
Removal of Asset Representations Reviewer. If any of the following events occur, the Sponsor, by notice to the Asset Representations Reviewer, may remove the Asset Representations Reviewer and terminate its rights and obligations under this Agreement:
(i) the Asset Representations Reviewer no longer meets the eligibility requirements in Section 5.1;
(ii) the Asset Representations Reviewer breaches of any of its representations, warranties, covenants or obligations in this Agreement; or
(iii) an Insolvency Event of the Asset Representations Reviewer occurs.
Removal of Asset Representations Reviewer. The Issuer may remove the Asset Representations Reviewer and terminate all of its rights and obligations (other than as provided in Section 4.5) under this Agreement (i) if the Asset Representations Reviewer ceases to be an Eligible Asset Representations Reviewer, (ii) on a breach of any of the representations, warranties, covenants or obligations of the Asset Representations Reviewer contained in this Agreement and (iii) on the occurrence of an Insolvency Event with respect to the Asset Representations Reviewer, by notifying the Asset Representations Reviewer, the Trustee and the Servicer of the removal.
Removal of Asset Representations Reviewer. If any one of the following events (“Disqualification Events”) shall occur and be continuing:
(a) the Asset Representations Reviewer no longer meets the eligibility requirements in Section 2.02;
(b) any failure by the Asset Representations Reviewer duly to observe or perform in any material respect any other covenant or agreement of the Asset Representations Reviewer set forth in this Agreement; or
(c) an Insolvency Event occurs with respect to the Asset Representations Reviewer; then, the Issuer may, but shall not be required to, remove the Asset Representations Reviewer and promptly appoint a successor Asset Representations Reviewer by written instrument, in duplicate, one copy of which instrument shall be delivered to the Asset Representations Reviewer so removed and one copy to the successor Asset Representations Reviewer. Any removal of the Asset Representations Reviewer shall not take effect until a successor Asset Representations Reviewer is assigned in accordance with Section 6.02.
Removal of Asset Representations Reviewer. The Issuer (i) may remove the Asset Representations Reviewer and terminate all of its rights and obligations (other than as provided in Section 4.5) under this Agreement (A) upon a breach of any of the representations, warranties, covenants or obligations of the Asset Representations Reviewer contained in this Agreement, (B) upon determination that (x) the performance of its obligations under this Agreement is no longer permitted under applicable law and (y) there is no reasonable action that it could take to make the performance of its obligations under this Agreement permitted under applicable law or (C) upon the occurrence of an Insolvency Event with respect to the Asset Representations Reviewer and (ii) must remove the Asset Representations Reviewer and terminate all of its rights and obligations (other than as provided in Section 4.5) under this Agreement if the Asset Representations Reviewer ceases to be an Eligible Asset Representations Reviewer, in each case, by notifying the Asset Representations Reviewer, the Indenture Trustee and the Servicer of the removal.
Removal of Asset Representations Reviewer. (a) If any one of the following events (each a “Disqualification Event”) shall occur:
(i) the Asset Representations Reviewer ceases to be an Eligible Asset Representations Reviewer;
(ii) any failure by the Asset Representations Reviewer duly to observe or perform in any material respect any other covenant or agreement of the Asset Representations Reviewer set forth in this Agreement; or
(iii) an Insolvency Event occurs then, the Servicer may or, in the case of Section 6.01(a)(i), shall remove the Asset Representations Reviewer by delivery of a written instrument to that effect.
(b) The Servicer may also remove the Asset Representations Reviewer by delivery of a written instrument to that effect on or after the fifth anniversary of the Engagement Date, upon sixty (60) days’ written notice (or such shorter notice period as the parties to this Agreement may agree) from the Servicer to the Asset Representations Reviewer, WFB, the Transferor, and the Master Trust Trustee.
(c) The Servicer may also remove the Asset Representations Reviewer by delivery of a written instrument to that effect if (A) another entity, directly or indirectly, in a single transaction or series of related transactions, acquires control of WFB or its parent Cabela’s Incorporated (“Cabela’s”) or all or substantially all of the assets of WFB or Cabela’s; (B) Cabela’s is merged with or into another entity; or (C) in a single transaction or series of related transactions, Cabela’s acquires control of an entity that is substantially similar in size to Cabela’s.
(d) Any removal of the Asset Representations Reviewer shall not take effect until a successor Asset Representations Reviewer is appointed in accordance with Section 6.02. Any expenses incurred by the Servicer in connection with replacing the Asset Representations Reviewer following any Disqualification Event shall be reimbursed by the removed Asset Representations Reviewer promptly upon delivery by the Servicer of a detailed invoice.
Removal of Asset Representations Reviewer. If any of the following events occur, the Indenture Trustee, at the direction of Series 20[●]-[●] Noteholders evidencing a majority of the aggregate Outstanding Amount of the Series 20[●]-[●] Notes, by notice to the Asset Representations Reviewer, shall remove the Asset Representations Reviewer and terminate its rights and obligations under this Agreement:
(i) [the Asset Representations Reviewer no longer meets the eligibility requirements in Section 5.1;
(ii) the Asset Representations Reviewer breaches of any of its representations, warranties, covenants or obligations in this Agreement; or
(iii) an Insolvency Event of the Asset Representations Reviewer occurs.]
Removal of Asset Representations Reviewer. (a) If any one of the following events (each a “Disqualification Event”) shall occur and be continuing:
(i) the Asset Representations Reviewer ceases to be an Eligible Asset Representations Reviewer;
(ii) any failure by the Asset Representations Reviewer duly to observe or perform in any material respect any other covenant or agreement of the Asset Representations Reviewer set forth in this Agreement; or
(iii) an Insolvency Event occurs; then, the Servicer may or, in the case of Section 6.01(a)(i), shall remove the Asset Representations Reviewer by delivery of a written instrument to that effect.
(b) The Servicer may also remove the Asset Representations Reviewer by delivery of a written instrument to that effect on or after the fifth anniversary of the Engagement Date, upon sixty (60) days’ written notice (or such shorter notice period as the parties to this Agreement may agree) from the Servicer to the Asset Representations Reviewer, WFBNA, the Transferor, and the Indenture Trustee.
(c) Any removal of the Asset Representations Reviewer shall not take effect until a successor Asset Representations Reviewer is appointed in accordance with Section 6.02. Any expenses incurred by the Servicer in connection with replacing the Asset Representations Reviewer following any Disqualification Event shall be reimbursed by the removed Asset Representations Reviewer promptly upon delivery by the Servicer of a detailed invoice.
Removal of Asset Representations Reviewer. Subject to the terms of this Agreement, BBD may, by giving written notice to the Asset Representations Reviewer, terminate all of the rights and obligations of the Asset Representations Reviewer under this Agreement, upon the occurrence of any of the following conditions:
(i) Failure on the part of the Asset Representations Reviewer to duly observe or perform any covenant or agreement of the Asset Representations Reviewer set forth in this Agreement or the Indenture, which failure continues un-remedied for a period of thirty (30) calendar days after the date on which an officer of the Asset Representations Reviewer had actual knowledge of such failure or on which written notice of such failure, requiring the same to be remedied, shall have been given to the Asset Representations Review by BBD;
(ii) (A) the commencement of an involuntary case in respect of the Asset Representations Reviewer under the federal bankruptcy laws, as now or hereinafter in effect, or another present or future federal or state bankruptcy, insolvency or similar law and such case is not dismissed within sixty (60) calendar days, or (B) the entry of a decree or order for relief by a court or regulatory authority having jurisdiction in respect of the Asset Representations Reviewer in an involuntary case under the federal bankruptcy laws, as now or hereafter in effect, or another present or future, federal or state, bankruptcy, insolvency or similar law, or upon the appointment of a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official of the Asset Representations Reviewer or of any substantial part of its properties or upon the ordering of the winding up or liquidation of the affairs of the Asset Representations Reviewer;
(iii) The commencement by the Asset Representations Reviewer of a voluntary case under the federal bankruptcy laws, as now or hereafter in effect, or any other present or future, federal or state, bankruptcy, insolvency or similar law, or the consent by the Asset Representations Reviewer to the appointment of or taking possession by a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official of the Asset Representations Reviewer or of any substantial part of its property or the making by the Asset Representations Reviewer of an assignment for the benefit of creditors or the failure by the Asset Representations Reviewer generally to pay its debts as such debts become due or the taking of corporate ac...
Removal of Asset Representations Reviewer. Each of the following events shall constitute a “Disqualification Event”:
(a) the Asset Representations Reviewer (i) no longer meets the eligibility requirements in Section 2.02 or (ii) will no longer meet the eligibility requirements in Section
