Common use of Servicer Resignation Clause in Contracts

Servicer Resignation. The Servicer shall not resign from the duties and obligations hereby imposed on it under this Indenture unless and until (a) the Successor Servicer shall have assumed the responsibilities and obligations of the Servicer hereunder, and (b) the Indenture Trustee shall have received the consent of the Administrative Agent. Upon such resignation, the Servicer shall comply with Section 5.4(b) hereof.

Servicer Resignation. The Servicer shall not resign from the duties and obligations hereby imposed on it under this Indenture unless and until (ai) the Successor Servicer shall have assumed the responsibilities and obligations of the Servicer hereunder, and (bii) the Indenture Trustee shall have received written confirmation from the consent Rating Agency that such action will not cause the Rating Agency to reduce, qualify or withdraw the then current rating assigned to any Class of the Administrative AgentNotes. Upon such resignation, the Servicer shall comply with Section 5.4(b5.16(f) hereof.

Servicer Resignation. The Servicer shall may not resign from the duties and obligations hereby imposed on it under this Indenture and Servicing Agreement unless it determines that by reason of a change in legal or regulatory requirements the performance of its duties under this Indenture and Servicing Agreement would cause it to be in violation of such requirements. Such resignation shall not be effective until (a) the Successor Servicer shall have assumed the responsibilities and obligations of the Servicer hereunder, and (b) the Indenture Trustee shall have received the consent of the Administrative Agent. Upon the effective date of such resignation, the Servicer shall comply with Section 5.4(b5.19(f) hereof.

Servicer Resignation. The Servicer shall not resign from the duties and obligations hereby imposed on it under this Indenture unless and until (a) the Successor Servicer shall have assumed the responsibilities and obligations of the Servicer hereunder, and (b) the Indenture Trustee shall have KL2 2878899.10 received the consent of the Administrative Agent. Upon such resignation, the Servicer shall comply with Section 5.4(b) hereof.

Servicer Resignation. The Servicer shall not resign from the duties and obligations hereby imposed on it under this Indenture unless and until (a) the Successor successor Servicer shall have assumed the responsibilities and obligations of the Servicer hereunder, and (b) the Indenture Trustee shall have received confirmation from the consent Rating Agencies that such action will not result in a downgrade or withdrawal of any of the Administrative Agentratings assigned to the Notes. Upon such resignation, the Servicer shall comply with Section 5.4(b) hereofhereunder.

Servicer Resignation. The Servicer shall not resign from the duties and obligations hereby imposed on it under this Indenture unless and until (a) the Successor Servicer shall have assumed the responsibilities and obligations of the Servicer hereunder, and (b) the Indenture Trustee shall have received the consent of the Administrative Agent. Upon such resignation, the Servicer shall comply with Section 5.4(b) hereof.

Servicer Resignation. The Servicer shall not resign from the duties and obligations hereby imposed on it under this Indenture unless and until (ai) the Successor Servicer shall have assumed the responsibilities and obligations of the Servicer hereunder, and (bii) the Indenture Trustee shall have received written confirmation from the consent of Rating Agency that such action will not cause the Administrative AgentRating Agency to reduce, qualify or withdraw the then current rating assigned to the Notes. Upon such resignation, the Servicer shall comply with Section 5.4(b5.16(f) hereof.