Servicer and Backup Servicer Not to Resign. (a) Subject to the provisions of Section 7.04, neither the Servicer nor any Backup Servicer shall resign from the obligations and duties imposed on it by this Agreement, except upon a determination that the performance of its duties under this Agreement shall no longer be permissible under Applicable Law.
Appears in 16 contracts
Samples: Sale and Servicing Agreement, Sale and Servicing Agreement (California Republic Funding LLC), Sale and Servicing Agreement (California Republic Auto Receivables Trust 2018-1)
Servicer and Backup Servicer Not to Resign. (a) Subject to the provisions of Section 7.04, neither the Servicer nor any the Backup Servicer shall resign from the obligations and duties imposed on it by this Agreement, except upon a determination that the performance of its duties under this Agreement shall no longer be permissible under Applicable Law.
Appears in 8 contracts
Samples: Sale and Servicing Agreement (California Republic Funding LLC), Sale and Servicing Agreement (California Republic Funding LLC), Sale and Servicing Agreement (California Republic Funding LLC)
Servicer and Backup Servicer Not to Resign. (a) Subject to the provisions of Section 7.047.03(a), neither the Servicer nor any Backup Servicer shall not resign from the obligations and duties imposed on it by this Agreement, Agreement as Servicer except upon a determination that the performance of its duties under this Agreement shall no longer be permissible under Applicable Lawapplicable law.
Appears in 5 contracts
Samples: Sale and Servicing Agreement (SSB Vehicle Securities Inc), Sale and Servicing Agreement (First Merchants Acceptance Corp), Sale and Servicing Agreement (First Merchants Acceptance Corp)
Servicer and Backup Servicer Not to Resign. (a) Subject to the provisions of Section 7.047.2, neither the Servicer nor any the Backup Servicer shall resign from the obligations and duties imposed on it by this Agreement, Agreement as Servicer or Backup Servicer except upon a determination that by reason of a change in legal requirements the performance of its duties under this Agreement shall no longer be permissible under Applicable Law.Agreement
Appears in 1 contract
Samples: Sale and Servicing Agreement (Paragon Auto Receivables Corp)