Common use of Replacement of Servicer Clause in Contracts

Replacement of Servicer. Notwithstanding anything herein or in any other Basic Documents to the contrary, upon giving the notice required in Section 10.15 of the Sale and Servicing Agreement and satisfaction of the Rating Agency Condition, New Holland Credit Company, LLC will assume all of the rights and obligations of CNH Capital America LLC (or its successor) as Servicer under the Sale and Servicing Agreement and the other Basic Documents, and succeed CNH Capital America LLC as Servicer under the Sale and Servicing Agreement and the other Basic Documents, each as of the effective date set forth in such notice, without the prior written consent of any party, and without the need for entering into any supplemental or additional documentation.

Appears in 1 contract

Samples: Backup Servicing Agreement (CNH Equipment Trust 2005-A)

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Replacement of Servicer. Notwithstanding anything herein or in any other Basic Documents to the contrary, upon giving the notice required in Section 10.15 of to the Sale Indenture Trustee and Servicing Agreement the Backup Servicer and satisfaction of the Rating Agency Condition, New Holland Credit Company, LLC will assume all of the rights and obligations of CNH Capital America LLC (or its successor) as Servicer under the Sale and Servicing this Agreement and the other Basic Documents, and succeed CNH Capital America LLC as Servicer under the Sale and Servicing this Agreement and the other Basic Documents, each as of the effective date set forth in such notice, without the prior written consent of any party, and without the need for entering into any supplemental or additional documentation.

Appears in 1 contract

Samples: Sale and Servicing Agreement (CNH Capital Receivables Inc)

Replacement of Servicer. Notwithstanding anything herein or in any other Basic Documents to the contrary, upon giving written notice to the notice required in Section 10.15 of Indenture Trustee and the Sale and Servicing Agreement Backup Servicer and satisfaction of the Rating Agency Condition, New Holland Credit Company, LLC will assume all of the rights and obligations of CNH Capital America LLC (or its successor) as Servicer under the Sale and Servicing this Agreement and the other Basic Documents, and succeed CNH Capital America LLC as Servicer under the Sale and Servicing this Agreement and the other Basic Documents, each as of the effective date set forth in such notice, without the prior written consent of any party, and without the need for entering into any supplemental or additional documentation.

Appears in 1 contract

Samples: Sale and Servicing Agreement (CNH Equipment Trust 2005-A)

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Replacement of Servicer. Notwithstanding anything herein or in any other Basic Documents to the contrary, upon giving the notice required in Section 10.15 10.14 of the Sale and Servicing Agreement and satisfaction of the Rating Agency Condition, New Holland Credit Company, LLC will assume all of the rights and obligations of CNH Capital America LLC (or its successor) as Servicer under the Sale and Servicing Agreement and the other Basic Documents, and succeed CNH Capital America LLC as Servicer under the Sale and Servicing Agreement and the other Basic Documents, each as of the effective date set forth in such notice, without the prior written consent of any party, and without the need for entering into any supplemental or additional documentation.

Appears in 1 contract

Samples: Backup Servicing Agreement (CNH Capital Receivables Inc)

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