Common use of Servicer Event of Default Clause in Contracts

Servicer Event of Default. If the Issuer has actual knowledge of the occurrence of a Facility Servicer Event of Default or Exchange Note Servicer Event of Default, the Issuer will promptly notify the Indenture Trustee and the Rating Agencies of the occurrence and specify in the notice any action the Issuer is taking in respect of the event. If an Exchange Note Servicer Event of Default arises from the failure of the Servicer to perform any of its duties and obligations under the Servicing Agreement for the 2015-A Collateral, the Issuer will take all reasonable steps available to cause the Servicer to remedy the failure.

Servicer Event of Default. If the Issuer has actual knowledge of the occurrence of a Facility Servicer Event of Default or Exchange Note Servicer Event of Default, the Issuer will promptly notify the Indenture Trustee and the Rating Agencies of the such occurrence and specify in the such notice any action the Issuer is taking in respect of the such event. If an Exchange Note Servicer Event of Default arises from the failure of the Servicer to perform any of its duties and obligations under the Servicing Agreement for with respect to the 20152012-A B Collateral, the Issuer will take all reasonable steps available to cause the Servicer to remedy the such failure.

Servicer Event of Default. If the Issuer has actual knowledge of the occurrence of a Facility Servicer Event of Default or Exchange Note Servicer Event of Default, the Issuer will promptly notify the Indenture Trustee and the Rating Agencies of the occurrence and specify in the notice any action the Issuer is taking in respect of the event. If an Exchange Note Servicer Event of Default arises from the failure of the Servicer to perform any of its duties and obligations under the Servicing Agreement for the 2015-A B Collateral, the Issuer will take all reasonable steps available to cause the Servicer to remedy the failure.

Servicer Event of Default. If the Issuer has actual knowledge of the occurrence of a Facility Servicer Event of Default or Exchange Note Servicer Event of Default, the Issuer will promptly notify the Indenture Trustee and the Rating Agencies of the such occurrence and specify in the such notice any action the Issuer is taking in respect of the such event. If an Exchange Note Servicer Event of Default arises from the failure of the Servicer to perform any of its duties and obligations under the Servicing Agreement for with respect to the 20152013-A B Collateral, the Issuer will take all reasonable steps available to cause the Servicer to remedy the such failure.

Servicer Event of Default. If the Issuer has actual knowledge of the occurrence of a Facility Servicer Event of Default or Exchange Note Servicer Event of Default, the Issuer will promptly notify the Indenture Trustee and the Rating Agencies of the occurrence and specify in the notice any action the Issuer is taking in respect of the event. If an Exchange Note Servicer Event of Default arises from the failure of the Servicer to perform any of its duties and obligations under the Servicing Agreement for the 20152014-A B Collateral, the Issuer will take all reasonable steps available to cause the Servicer to remedy the failure.

Servicer Event of Default. If the Issuer has actual knowledge of the occurrence of a Facility Servicer Event of Default or Exchange Note Servicer Event of Default, the Issuer will promptly notify the Indenture Trustee and the Rating Agencies of the such occurrence and specify in the such notice any action the Issuer is taking in respect of the such event. If an Exchange Note Servicer Event of Default arises from the failure of the Servicer to perform any of its duties and obligations under the Servicing Agreement for with respect to the 20152014-A Collateral, the Issuer will take all reasonable steps available to cause the Servicer to remedy the such failure.

Servicer Event of Default. If the Issuer has actual knowledge of the occurrence of a Facility Servicer Event of Default or Exchange Note Servicer Event of Default, the Issuer will promptly notify the Indenture Trustee and the Rating Agencies of the such occurrence and specify in the such notice any action the Issuer is taking in respect of the such event. If an Exchange Note Servicer Event of Default arises from the failure of the Servicer to perform any of its duties and obligations under the Servicing Agreement for with respect to the 20152012-A Collateral, the Issuer will take all reasonable steps available to cause the Servicer to remedy the such failure.

Servicer Event of Default. If the Issuer has actual knowledge of the occurrence of a Facility Servicer Event of Default or Exchange Note Servicer Event of Default, the Issuer will promptly notify the Indenture Trustee and the Rating Agencies of the such occurrence and specify in the such notice any action the Issuer is taking in respect of the such event. If an Exchange Note Servicer Event of Default arises from the failure of the Servicer to perform any of its duties and obligations under the Servicing Agreement for with respect to the 20152013-A Collateral, the Issuer will take all reasonable steps available to cause the Servicer to remedy the such failure.

Servicer Event of Default. If the Issuer has actual knowledge of the occurrence of a Facility Servicer Event of Default or Exchange Note Servicer Event of Default, the Issuer will promptly notify the Indenture Trustee and the Rating Agencies of the occurrence and specify in the notice any action the Issuer is taking in respect of the event. If an Exchange Note Servicer Event of Default arises from the failure of the Servicer to perform any of its duties and obligations under the Servicing Agreement for the 2015-A 20__-_ Collateral, the Issuer will take all reasonable steps available to cause the Servicer to remedy the failure.