Rights After Designation of Successor Servicer Sample Clauses

Rights After Designation of Successor Servicer. At any time following the designation of a Successor Servicer pursuant to Section 6.12(a):
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Rights After Designation of Successor Servicer. 72 Section 6.4 Responsibilities of the Borrower 72 Section 6.5 Reports 72
Rights After Designation of Successor Servicer. At any time following the designation of a Servicer (other than GECC) pursuant to Section 4.1 as a result of the occurrence of a Servicer Event of Default pursuant to Section 8.01 of the Servicing Agreement:
Rights After Designation of Successor Servicer. Section 4.3 Responsibilities of the Debtor.
Rights After Designation of Successor Servicer. At any time following the designation of a Servicer (other than FISC) pursuant to Section 4.1 hereof and Section 2.01 at the Servicing Agreement as a result of the occurrence of a Servicer Termination Event pursuant to Section 5.01 of the Servicing Agreement:
Rights After Designation of Successor Servicer. 46 SECTION 4.4 Responsibilities of the Debtor...................................................47 SECTION 4.5 Monthly Servicer's Certificate...................................................47 SECTION 4.6 Additional Representations and Warranties of CAC as Servicer.....................48 SECTION 4.7 Establishment of Accounts........................................................48 ARTICLE V ALLOCATION AND APPLICATION OF COLLECTIONS
Rights After Designation of Successor Servicer. At any time following the designation of a Servicer (other than UAC) pursuant to Section 4.1:
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Related to Rights After Designation of Successor Servicer

  • Appointment of Successor Servicer (a) Upon the Servicer’s receipt of notice of termination pursuant to Section 7.01 or the Servicer’s resignation pursuant to Section 6.05, the predecessor Servicer shall continue to perform its functions as Servicer under this Agreement, in the case of termination, only until the date specified in such termination notice or, if no such date is specified in a notice of termination, until receipt of such notice and, in the case of resignation, until the later of (i) the date forty-five (45) days from the delivery to the Trustees of written notice of such resignation (or written confirmation of such notice) in accordance with the terms of this Agreement and (ii) the date upon which the predecessor Servicer shall become unable to act as Servicer, as specified in the notice of resignation and accompanying Opinion of Counsel. In the event of the Servicer’s termination hereunder, the Indenture Trustee shall appoint a Successor Servicer, and the Successor Servicer shall accept its appointment (including its appointment as Administrator under the Administration Agreement as set forth in Section 7.02(b)) by a written assumption in form acceptable to the Trustees. In the event that a Successor Servicer has not been appointed at the time when the predecessor Servicer has ceased to act as Servicer in accordance with this Section, the Indenture Trustee without further action shall automatically be appointed the Successor Servicer and the Indenture Trustee shall be entitled to receive the Total Servicing Fee. Notwithstanding the above, the Indenture Trustee shall, if it shall be legally unable or unwilling so to act, appoint or petition a court of competent jurisdiction to appoint any established institution, having a net worth of not less than $50,000,000 and whose regular business shall include the servicing of automobile receivables (including light-duty trucks), as the successor to the Servicer under this Agreement. In no event shall the Successor Servicer be liable for the acts or omissions of any predecessor Servicer.

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