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 written notice to the Indenture Trustee and 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 this Agreement and the other Basic Documents, and succeed CNH Capital America LLC as Servicer under 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. (signature page follows)

Appears in 1 contract

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

AutoNDA by SimpleDocs

Replacement of Servicer. Notwithstanding anything herein or in any other Basic Documents to the contrary, upon giving written the notice to required in Section 10.14 of the Indenture Trustee Sale and the Backup Servicer 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 this the Sale and Servicing Agreement and the other Basic Documents, and succeed CNH Capital America LLC as Servicer under this 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. (signature page follows).

Appears in 1 contract

Samples: Backup Servicing Agreement (CNH Capital Receivables Inc)

Replacement of Servicer. Notwithstanding anything herein or in any other Basic Documents to the contrary, upon giving written the notice to required in Section 10.15 of the Indenture Trustee Sale and the Backup Servicer 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 this the Sale and Servicing Agreement and the other Basic Documents, and succeed CNH Capital America LLC as Servicer under this 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. (signature page follows).

Appears in 1 contract

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

AutoNDA by SimpleDocs

Replacement of Servicer. Notwithstanding anything herein or in any other Basic Documents to the contrary, upon giving written the notice to the Indenture Trustee and 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 this Agreement and the other Basic Documents, and succeed CNH Capital America LLC as Servicer under 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. (signature page follows)

Appears in 1 contract

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

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