Common use of Servicer Termination Events Clause in Contracts

Servicer Termination Events. 34 SECTION 8.1. Servicer Termination Event......................................34 SECTION 8.2. Appointment of Successor........................................35 SECTION 8.3. Payment of Servicing Fee........................................36 SECTION 8.4. Notification to Noteholders and Certificateholders..............37 SECTION 8.5. Waiver of Past Defaults.........................................37 ARTICLE IX. TERMINATION......................................................37 SECTION 9.1. Optional Purchase of All Receivables; Termination Notice........37

Servicer Termination Events. 34 37 SECTION 8.1. 8.1 Servicer Termination Event......................................34 ................................ 37 SECTION 8.2. 8.2 Appointment of Successor........................................35 .................................. 39 SECTION 8.3. 8.3 Payment of Servicing Fee........................................36 .................................. 40 SECTION 8.4. 8.4 Notification to Noteholders and Certificateholders..............37 ........ 40 SECTION 8.5. 8.5 Waiver of Past Defaults.........................................37 ................................... 40 ARTICLE IX. TERMINATION......................................................37 SECTION 9.1. Optional Purchase of All Receivables; Termination Notice........37................................................... 40

Servicer Termination Events. 34 41 SECTION 8.1. Servicer Termination Event......................................34 ........................... 41 SECTION 8.2. Appointment of Successor........................................35 ............................. 42 SECTION 8.3. Payment of Servicing Fee........................................36 ............................. 43 SECTION 8.4. Notification to Noteholders and Certificateholders..............37 ... 44 SECTION 8.5. Waiver of Past Defaults.........................................37 .............................. 44 ARTICLE IX. TERMINATION......................................................37 SECTION 9.1. Optional Purchase of All Receivables; Termination Notice........37.

Servicer Termination Events. 34 40 SECTION 8.1. Servicer Termination Event......................................34 Event ............................... 40 SECTION 8.2. Appointment Consequences of Successor........................................35 a Servicer Termination Event ............. 41 SECTION 8.3. Payment Trustee to Act; Appointment of Servicing Fee........................................36 Successor ................. 42 SECTION 8.4. Notification to Noteholders and Certificateholders..............37 .............................. 42 SECTION 8.5. Waiver of Past Defaults.........................................37 Defaults .................................. 42 ARTICLE IX. TERMINATION......................................................37 IX SUBSTITUTION OF LEASES ......................................... 43 SECTION 9.1. Optional Purchase of All Receivables; Termination Notice........37Substitution ............................................. 43 SECTION 9.2. Procedure ................................................ 44 SECTION 9.3. Objection and Repurchase ................................. 45 SECTION 9.4. Vendor Services' and Servicer's Subsequent Obligations .............................................. 45

Servicer Termination Events. 34 31 SECTION 8.1. Servicer Termination Event......................................34 ....................................31 SECTION 8.2. Appointment of Successor........................................35 ......................................32 SECTION 8.3. Payment of Servicing Fee........................................36 ......................................33 SECTION 8.4. Notification to Noteholders and Certificateholders..............37 ............33 SECTION 8.5. Waiver of Past Defaults.........................................37 .......................................34 ARTICLE IX. TERMINATION......................................................37 ..............................................................34 SECTION 9.1. Optional Purchase of All Receivables; Termination Notice........37......34

Servicer Termination Events. 34 32 SECTION 8.1. Servicer Termination Event......................................34 ........................................... 32 SECTION 8.2. Appointment of Successor........................................35 ............................................. 33 SECTION 8.3. Payment of Servicing Fee........................................36 ............................................. 34 SECTION 8.4. Notification to Noteholders and Certificateholders..............37 ................... 34 SECTION 8.5. Waiver of Past Defaults.........................................37 .............................................. 34 ARTICLE IX. TERMINATION......................................................37 SECTION 9.1. Optional Purchase of All Receivables; Termination Notice........37............................................................... 35

Servicer Termination Events. 34 SECTION 8.1. Servicer Termination Event............................................................................... 34 SECTION 8.2. Appointment of Successor................................................................................... 35 SECTION 8.3. Payment of Servicing Fee................................................................................... 36 SECTION 8.4. Notification to Noteholders and Certificateholders..............37 ................. 36 SECTION 8.5. Waiver of Past Defaults.........................................37 ............................................ 36 ARTICLE IX. TERMINATION....................................................................................................................... 37 SECTION 9.1. Optional Purchase of All Receivables; Termination Notice................... 37

Servicer Termination Events. 34 39 SECTION 8.1. Servicer Termination Event......................................34 ..................................................... 39 SECTION 8.2. Appointment of Successor........................................35 ....................................................... 41 SECTION 8.3. Payment of Servicing Fee........................................36 ....................................................... 42 SECTION 8.4. Notification to Noteholders and Certificateholders..............37 ............................. 42 SECTION 8.5. Waiver of Past Defaults.........................................37 ........................................................ 42 ARTICLE IX. TERMINATION......................................................37 .................................................................... 42 SECTION 9.1. Optional Purchase of All Receivables; Termination Notice........37....................... 42

Servicer Termination Events. 34 33 SECTION 8.1. Servicer Termination Event......................................34 ................................33 SECTION 8.2. Appointment of Successor........................................35 ..................................34 SECTION 8.3. Payment of Servicing Fee........................................36 ..................................35 SECTION 8.4. Notification to Noteholders and Certificateholders..............37 ........35 SECTION 8.5. Waiver of Past Defaults.........................................37 ARTICLE IX. TERMINATION......................................................37 SECTION 9.1. Optional Purchase of All Receivables; Termination Notice........37...................................35

Servicer Termination Events. 34 SECTION 8.1. Servicer Termination Event......................................34 32 -ii- TABLE OF CONTENTS (continued) SECTION 8.2. Appointment of Successor........................................35 Successor ................................................... 33 SECTION 8.3. Payment of Servicing Fee........................................36 Fee ................................................... 34 SECTION 8.4. Notification to Noteholders and Certificateholders..............37 Certificateholders ......................... 34 SECTION 8.5. Waiver of Past Defaults.........................................37 Defaults .................................................... 34 ARTICLE IX. TERMINATION......................................................37 TERMINATION ......................................................................... 34 SECTION 9.1. Optional Purchase of All Receivables; Termination Notice........37Notice ................... 34

Servicer Termination Events. 34 41 SECTION 8.1. Servicer Termination Event......................................34 ....................... 41 SECTION 8.2. Appointment of Successor........................................35 ......................... 42 SECTION 8.3. Payment of Servicing Fee........................................36 ......................... 43 SECTION 8.4. Notification to Noteholders and Certificateholders..............37 Certificateholders .............................. 44 SECTION 8.5. Waiver of Past Defaults.........................................37 .......................... 44 ARTICLE IX. TERMINATION......................................................37 ............................................. 44 SECTION 9.1. Optional Purchase of All Receivables; Termination Notice........37Notice .............................. 44

Servicer Termination Events. 34 37 SECTION 8.1. Servicer Termination Event......................................34 Event ........................................ 37 SECTION 8.2. Appointment of Successor........................................35 Successor .......................................... 39 SECTION 8.3. Payment of Servicing Fee........................................36 Fee .......................................... 40 SECTION 8.4. Notification to Noteholders and Certificateholders..............37 Certificateholders ................ 40 SECTION 8.5. Waiver of Past Defaults.........................................37 Defaults ........................................... 40 ARTICLE IX. TERMINATION......................................................37 TERMINATION ................................................................. 40 SECTION 9.1. Optional Purchase of All Receivables; Termination Notice........37Notice .......... 40

Servicer Termination Events. 34 SECTION 8.1. Servicer Termination Event......................................................................................................34 SECTION 8.2. Appointment of Successor..........................................................................................................35 SECTION 8.3. Payment of Servicing Fee..........................................................................................................36 SECTION 8.4. Notification to Noteholders and Certificateholders..............37 ........................................36 SECTION 8.5. Waiver of Past Defaults.........................................37 ...................................................................36 ARTICLE IX. TERMINATION...............................................................................................................................................37 SECTION 9.1. Optional Purchase of All Receivables; Termination Notice..........................................37

Servicer Termination Events. 34 39 SECTION 8.1. Servicer Termination Event......................................34 .............................................................39 SECTION 8.2. Appointment of Successor........................................35 ...............................................................41 SECTION 8.3. Payment of Servicing Fee........................................36 ...............................................................42 SECTION 8.4. Notification to Noteholders and Certificateholders..............37 .....................................42 SECTION 8.5. Waiver of Past Defaults.........................................37 ................................................................42 ARTICLE IX. TERMINATION......................................................37 .............................................................................42 SECTION 9.1. Optional Purchase of All Receivables; Termination Notice........37...............................42

Servicer Termination Events. 34 39 SECTION 8.1. Servicer Termination Event......................................34 .............................................................................. 39 SECTION 8.2. Appointment of Successor........................................35 ................................................................................ 41 SECTION 8.3. Payment of Servicing Fee........................................36 ................................................................................ 42 SECTION 8.4. Notification to Noteholders and Certificateholders..............37 ...................................................... 42 SECTION 8.5. Waiver of Past Defaults.........................................37 ................................................................................. 42 ARTICLE IX. TERMINATION......................................................37 ............................................................................................. 42 SECTION 9.1. Optional Purchase of All Receivables; Termination Notice........37................................................ 42

Servicer Termination Events. 34 32 SECTION 8.1. Servicer Termination Event......................................34 ............................ 32 SECTION 8.2. Appointment of Successor........................................35 .............................. 33 SECTION 8.3. Payment of Servicing Fee........................................36 .............................. 34 SECTION 8.4. Notification to Noteholders and Certificateholders..............37 .... 34 SECTION 8.5. Waiver of Past Defaults.........................................37 ............................... 34 ARTICLE IX. TERMINATION......................................................37 .................................................. 35 SECTION 9.1. Optional Purchase of All Receivables; Termination Notice........37.................................. 35

Servicer Termination Events. 34 39 SECTION 8.1. Servicer Termination Event......................................34 ..................................................39 SECTION 8.2. Appointment of Successor........................................35 ....................................................41 SECTION 8.3. Payment of Servicing Fee........................................36 ....................................................42 SECTION 8.4. Notification to Noteholders and Certificateholders..............37 ..........................42 SECTION 8.5. Waiver of Past Defaults.........................................37 ARTICLE IX. TERMINATION......................................................37 SECTION 9.1. Optional Purchase of All Receivables; Termination Notice........37.....................................................42

Servicer Termination Events. 34 40 SECTION 8.1. Servicer Termination Event......................................34 .............................................................. 40 SECTION 8.2. Appointment of Successor........................................35 ................................................................ 42 SECTION 8.3. Payment of Servicing Fee........................................36 ................................................................ 43 SECTION 8.4. Notification to Noteholders and Certificateholders..............37 ...................................... 43 SECTION 8.5. Waiver of Past Defaults.........................................37 ARTICLE IX. TERMINATION......................................................37 SECTION 9.1. Optional Purchase of All Receivables; Termination Notice........37................................................................. 43

Servicer Termination Events. 34 32 SECTION 8.1. Servicer Termination Event......................................34 ........................32 SECTION 8.2. Appointment of Successor........................................35 ..........................33 SECTION 8.3. Payment of Servicing Fee........................................36 ..........................34 SECTION 8.4. Notification to Noteholders and Certificateholders..............37 ................................34 SECTION 8.5. Waiver of Past Defaults.........................................37 ...........................34 ARTICLE IX. TERMINATION......................................................37 .....................................................35 SECTION 9.1. Optional Purchase of All Receivables; Termination Notice........37................................35