Common use of Servicer Call Clause in Contracts

Servicer Call. The Servicer may repurchase any Put/Call Loan at any time. Such Servicer Calls shall be solely at the option of the Servicer. Prior to exercising a Servicer Call, the Servicer shall deliver written notice to the Majority Noteholders and the Indenture Trustee which notice shall identify each Loan to be repurchased and the Repurchase Price or Alternate Repurchase Price therefor, as applicable.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Advanta Corp)

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Servicer Call. The Servicer may repurchase any Put/Call Loan at any time(as defined in SECTION 3.07(A) hereof). Such Servicer Calls shall be solely at the option of the Servicer. Prior to exercising a Servicer Call, the Servicer shall deliver written notice to the Majority Noteholders and the Indenture Trustee in the form of Exhibit H attached hereto, which notice shall identify each Loan to be repurchased and the Repurchase Price or Alternate Repurchase Purchase Price therefor, as applicable.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Franchise Finance Corp of America)

Servicer Call. The Servicer may repurchase any Put/Call Loan at any time(as defined in SECTION 3.07(a) hereof). Such Servicer Calls shall be solely at the option of the Servicer. Prior to exercising a Servicer Call, the Servicer shall deliver written notice to the Majority Noteholders and the Indenture Trustee in the form of Exhibit H attached hereto, which notice shall identify each Loan to be repurchased and the Repurchase Price or Alternate Repurchase Purchase Price therefor, as applicable.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Franchise Finance Corp of America)

Servicer Call. The Servicer may repurchase any Put/Call Loan at any time(as defined in SECTION 3.07(a) hereof). Such Servicer Calls shall be solely at the option of the Servicer. Prior to exercising a Servicer Call, the Servicer shall deliver written notice to the Majority Noteholders and the Indenture Trustee which notice shall identify each Loan to be repurchased and the Repurchase Price or Alternate Repurchase Purchase Price therefor, as applicable.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Franchise Finance Corp of America)

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Servicer Call. The Servicer may repurchase any Put/Call Loan at any time. Such Servicer Calls shall be solely at the option of the Servicer. Prior to exercising a Servicer Call, the Servicer shall deliver written notice to the Majority Noteholders and the Indenture Trustee Facility Administrator, which notice shall identify each Loan to be repurchased purchased and the Repurchase Price or Alternate therefor. In connection with each Servicer Call, the Servicer shall deposit into the Collection Account the Repurchase Price therefor, as applicablefor the Loans to be purchased.

Appears in 1 contract

Samples: Sale and Servicing Agreement (H&r Block Inc)

Servicer Call. The Servicer may repurchase any Put/Call Loan at any time. Such Servicer Calls shall be solely at the option of the Servicer. Prior to exercising a Servicer Call, the Servicer shall deliver written notice to the Majority Noteholders and the Indenture Trustee which notice shall identify each Loan to be repurchased and the Repurchase Price or Alternate Repurchase Purchase Price therefor, as applicable.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Advanta Corp)

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