Sale of Defaulted Loans After an Event of Default. If an Event of Default has occurred and is continuing, the Servicer will not sell, assign, transfer or otherwise dispose of any Defaulted Loan or any interest therein, or any Collateral securing a Defaulted Loan, without the prior written consent of the Deal Agent.
Appears in 6 contracts
Samples: Amended and Restated Indenture and Servicing Agreement (Travel & Leisure Co.), Indenture and Servicing Agreement (Travel & Leisure Co.), Amended and Restated Indenture and Servicing Agreement (Wyndham Destinations, Inc.)
Sale of Defaulted Loans After an Event of Default. If an Event of Default has occurred and is continuing, the Master Servicer will not sell, assign, transfer or otherwise dispose of any Defaulted Loan or any interest therein, or any Collateral securing a Defaulted Loan, without the prior written consent of the Deal Agent.
Appears in 3 contracts
Samples: Series 2002 1 Supplement (Wyndham Worldwide Corp), Series 2002 1 Supplement (Cendant Corp), Supplement to Master Indenture and Servicing Agreement (Cendant Corp)
