Common use of Seller's and Servicer's Subsequent Obligations Clause in Contracts

Seller's and Servicer's Subsequent Obligations. Upon any substitution of Leases in accordance with the provisions of this Section 9, the Seller's and the Servicer's obligations hereunder with respect to the Predecessor Lease shall cease but the Seller and the Servicer shall each thereafter have the same obligations with respect to the Substitute Lease substituted as it has with respect to all other Leases subject to the terms hereof.

Appears in 4 contracts

Samples: Sales and Servicing Agreement (Copelco Capital Funding Corp X), Sales and Servicing Agreement (Copelco Capital Funding Corp X), Sales and Servicing Agreement (Copelco Capital Funding Corp X)

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Seller's and Servicer's Subsequent Obligations. Upon any substitution of Leases in accordance with the provisions of this Section 911, the Seller's and the Servicer's obligations hereunder with respect to the Predecessor Lease shall cease but the Seller and the Servicer shall each thereafter have the same obligations with respect to the Substitute Lease substituted as it has with respect to all other Leases subject to the terms hereof.

Appears in 1 contract

Samples: Sales and Servicing Agreement (Copelco Capital Funding Corp Xi)

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