Common use of Resignation and Removal of the Servicer; Appointment of Successor Servicer Clause in Contracts

Resignation and Removal of the Servicer; Appointment of Successor Servicer. (a) If a Servicer Default shall occur and be continuing, the Facility Agent (individually or as directed by the Required Lenders) by written notice given to the Servicer (with a copy to each Agent), may terminate all of the rights and obligations of the Servicer and appoint a successor pursuant to the terms hereof. In addition, if the Servicer is terminated upon the occurrence of a Servicer Default, the Servicer shall, if so requested by the Facility Agent, acting at the direction of the Required Lenders, deliver to any successor servicer copies of its Records within ten (10) Business Days after demand therefor and a computer tape or diskette (or any other means of electronic transmission acceptable to such successor servicer) containing as of the close of business on the date of demand all of the data maintained by the Servicer in computer format in connection with servicing the Collateral Obligations.

Resignation and Removal of the Servicer; Appointment of Successor Servicer. (a) If a Servicer Default shall occur and be continuing, the Facility Agent (individually or as directed by the Required Lenders) by written notice given to the Servicer (with a copy to each Agent)Servicer, may terminate all of the rights and obligations of the Servicer and appoint a successor pursuant to the terms hereofhereof (including, for the avoidance of doubt, the provisions set forth in Section 7.2(d) below). In addition, if the Servicer is terminated upon the occurrence of a Servicer Default, the Servicer shall, if so requested by the Facility Agent, acting at the direction of the Required Lenders, deliver to any successor servicer copies of its Records within ten five (105) Business Days after demand therefor and a computer tape or diskette (or any other means of electronic transmission acceptable to such successor servicer) containing as of the close of business on the date of demand all of the data maintained by the Servicer in computer format in connection with servicing the Collateral Obligations.

Resignation and Removal of the Servicer; Appointment of Successor Servicer. (a) If a Servicer Event of Default shall occur and be continuing, the Facility Agent (individually or as directed by the Required Lenders) by written notice given to the Servicer (with a copy to the Collateral Agent and each AgentLender), may terminate all of the rights and obligations of the Servicer and appoint a successor (with the consent of the Required Lenders) pursuant to the terms hereof. In addition, if the Servicer is terminated upon the occurrence of a Servicer Event of Default, the Servicer shall, if so requested by the Facility Agent, acting at the direction of the Required Lenders, deliver to any successor servicer Servicer copies of its Records within ten five (105) Business Days after demand therefor and a computer tape or diskette (or any other means of electronic transmission acceptable to such successor servicerServicer) containing as of the close of business on the date of demand all of the data maintained by the Servicer in computer format in connection with servicing managing the Collateral Obligations.

Resignation and Removal of the Servicer; Appointment of Successor Servicer. (a) If a Servicer Event of Default shall occur and be continuing, then, subject to Section 13.3(b), the Facility Agent (individually or as directed by the Required Lenders) by written notice given to the Servicer (with a copy to the Collateral Agent and each AgentLender), may terminate all of the rights and obligations of the Servicer and appoint a successor pursuant to the terms hereof. In addition, if the Servicer is terminated upon the occurrence of a Servicer Event of Default, the Servicer shall, if so requested by the Facility Agent, acting at the direction of the Required Lenders, deliver to any successor servicer Servicer copies of its Records within ten five (105) Business Days after demand therefor and a computer tape or diskette (or any other means of electronic transmission acceptable to such successor servicerServicer) containing as of the close of business on the date of demand all of the data maintained by the Servicer in computer format in connection with servicing the Collateral Obligations.

Resignation and Removal of the Servicer; Appointment of Successor Servicer. (a) If a Servicer Serviceran Event of Default shall occur and be continuing, the Facility Administrative Agent (individually or as directed by the Required RequiredMajority Lenders) , by written notice given to the Servicer (with a copy to each Agent)Servicer, may terminate all of the rights and obligations of the Servicer and appoint a successor pursuant to the terms hereof. In addition, if the Servicer is terminated upon the occurrence of a Servicer Serviceran Event of Default, the Servicer shall, if so requested by the Facility Administrative Agent, acting at the direction of the Required RequiredMajority Lenders, deliver to any successor servicer copies of its Records within ten (10) Business Days after demand therefor and a computer tape or diskette (or any other means of electronic transmission acceptable to such successor servicer) containing as of the close of business on the date of demand all of the data maintained by the Servicer in computer format in connection with servicing the Collateral Obligations.

Resignation and Removal of the Servicer; Appointment of Successor Servicer. (a) If a Servicer Event of Default shall occur and be continuing, the Facility Administrative Agent (individually or as directed by the Required Lenders) by written notice given to the Servicer (with a copy to each the Collateral Agent), may terminate all of the rights and obligations of the Servicer and appoint a successor pursuant to the terms hereof. In addition, if the Servicer is terminated upon the occurrence of a Servicer Event of Default, the Servicer shall, if so requested by the Facility Administrative Agent, acting at the direction of the Required LendersControlling Parties, deliver to any successor servicer Servicer copies of its Records Required Funding Loan Documents or Required Loan Documents, as applicable, within ten five (105) Business Days after demand therefor and a computer tape or diskette (or any other means of electronic transmission acceptable to such successor servicerServicer) containing as of the close of business on the date of demand all of the data maintained by the Servicer in computer format in connection with servicing managing the Collateral ObligationsLoans.

Resignation and Removal of the Servicer; Appointment of Successor Servicer. (a) If a Servicer Default shall occur and be continuing, the Facility Administrative Agent (individually or as directed by the Required Lenders) by written notice given to the Servicer (and the Borrower, with a copy to each the Collateral Agent), may terminate all of the rights and obligations of the Servicer and appoint a successor pursuant to the terms hereof. In addition, if the Servicer is terminated upon the occurrence of a Servicer Default, the Servicer shall, if so requested by the Facility Administrative Agent, acting at the direction of the Required Lenders, deliver to any successor servicer copies of its the Records in the Servicer’s possession within ten (10) five Business Days after written demand therefor and a computer tape or diskette (or any other means of electronic transmission acceptable to such successor servicer) containing as of the close of business on the date of demand all of the data maintained by the Servicer in computer format in connection with servicing the Collateral Obligations.