Common use of Servicer Termination Events Clause in Contracts

Servicer Termination Events. 37 Section 8.02 Consequences of a Servicer Termination Event.....................................37 Section 8.03 Appointment of Successor Servicer................................................38 Section 8.04 Notification to Securityholders..................................................38 Section 8.05 Waiver of Past Defaults..........................................................39

Servicer Termination Events. 37 50 Section 8.02 8.02. Consequences of a Servicer Termination Event.....................................37 ................50 Section 8.03 8.03. Appointment of Successor Servicer................................................38 ...........................51 Section 8.04 8.04. Notification to Securityholders..................................................38 .............................52 Section 8.05 8.05. Waiver of Past Defaults..........................................................39.....................................52 ARTICLE IX TERMINATION

Servicer Termination Events. 37 Section 8.02 Consequences of a Servicer Termination Event.....................................37 Section 8.03 46 SECTION 9.2. Appointment of Successor Servicer................................................38 Section 8.04 Successor...................................................................49 SECTION 9.3. Notification to Securityholders..................................................38 Section 8.05 Waiver Noteholders................................................................51 SECTION 9.4. Action Upon Certain Failures of Past Defaults..........................................................39the Servicer...............................................51

Servicer Termination Events. 37 38 Section 8.02 Consequences of a Servicer Termination Event.....................................37 .................39 Section 8.03 Appointment of Successor Servicer................................................38 ............................39 Section 8.04 Notification to Securityholders..................................................38 ..............................40 Section 8.05 Waiver of Past Defaults..........................................................39......................................40

Servicer Termination Events. 37 50 Section 8.02 8.02. Consequences of a Servicer Termination Event.....................................37 .................50 Section 8.03 8.03. Appointment of Successor Servicer................................................38 ............................51 Section 8.04 8.04. Notification to Securityholders..................................................38 ..............................52 Section 8.05 8.05. Waiver of Past Defaults..........................................................39......................................52 Article IX

Servicer Termination Events. 37 Section 8.02 98 SECTION 13.1. Servicer Termination Event t..........................99 SECTION 13.2. Consequences of a Servicer Termination Event.....................................37 Section 8.03 .........100 SECTION 13.3. Appointment of Successor Servicer................................................38 Section 8.04 Notification to Securityholders..................................................38 Section 8.05 Waiver of Past Defaults..........................................................39....................101

Servicer Termination Events. 37 38 Section 8.02 Consequences of a Servicer Termination Event.....................................37 ....................38 Section 8.03 Appointment of Successor Servicer................................................38 ...............................39 Section 8.04 Notification to Securityholders..................................................38 .................................40 Section 8.05 Waiver of Past Defaults..........................................................39.........................................40

Servicer Termination Events. 37 69 Section 8.02 7.1. Servicer Termination Event............................. 69 Section 7.2. Consequences of a Servicer Termination Event.....................................37 ........... 71 Section 8.03 7.3. Appointment of Successor Servicer................................................38 Successor............................... 72 Section 8.04 7.4. Notification to Securityholders..................................................38 Noteholders............................ 74 Section 8.05 7.5. Waiver of Past Defaults..........................................................39................................ 74 ARTICLE VIII TERMINATION................................................. 74 Section 8.1. Optional Purchase of All Receivables................... 74

Servicer Termination Events. 37 80 Section 8.02 9.1. Servicer Termination Event......................................................................80 Section 9.2. Consequences of a Servicer Termination Event.....................................37 ....................................................82 Section 8.03 9.3. Appointment of Successor Servicer................................................38 Successor........................................................................83 Section 8.04 9.4. Notification to Securityholders..................................................38 Noteholders.....................................................................84 Section 8.05 9.5. Action Upon Certain Failures of the Servicer....................................................84 Section 9.6. Waiver of Past Defaults..........................................................39.........................................................................84 ARTICLE X TERMINATION...........................................................................................85 Section 10.1. Optional Purchase of All Receivables...........................................................85

Servicer Termination Events. 37 Section 8.02 Consequences of a Servicer Termination Event.....................................37 Section 8.03 39 SECTION 9.2. Appointment of Successor Servicer................................................38 Section 8.04 .................................................. 42 SECTION 9.3. Notification to Securityholders..................................................38 Section 8.05 Waiver Noteholders ............................................... 43 SECTION 9.4. Action Upon Certain Failures of Past Defaults..........................................................39the Servicer .............................. 43 ARTICLE XI TERMINATION......................................................................... 45 SECTION 11.1. Termination................................................................ 45 ARTICLE XII ADMINISTRATIVE DUTIES OF THE SERVICER.............................................. 45

Servicer Termination Events. 37 51 Section 8.02 8.1 Servicer Termination Event.......................................................51 Section 8.2 Consequences of a Servicer Termination Event.....................................37 52 Section 8.03 8.3 Appointment of Successor Servicer................................................38 53 Section 8.04 8.4 Notification to Securityholders..................................................38 Noteholders......................................................54 Section 8.05 8.5 Waiver of Past Defaults..........................................................3954

Servicer Termination Events. 37 Section 8.02 59 SECTION 8.2. Consequences of a Servicer Termination Event.....................................37 Section 8.03 .......................................... 60 SECTION 8.3. Appointment of Successor Servicer................................................38 Section 8.04 Successor.............................................................. 61 SECTION 8.4. Notification to Securityholders..................................................38 Section 8.05 Certificateholders.................................................... 62 SECTION 8.5. Action Upon Certain Failures of the Servicer.......................................... 62 SECTION 8.6. Waiver of Past Defaults..........................................................39............................................................... 62 Page

Servicer Termination Events. 37 Section 8.02 Consequences of a Servicer Termination Event.....................................37 Section 8.03 43 SECTION 9.2. Appointment of Successor Servicer................................................38 Section 8.04 Successor...................................................................46 SECTION 9.3. Notification to Securityholders..................................................38 Section 8.05 Waiver Noteholders................................................................47 SECTION 9.4. Action Upon Certain Failures of Past Defaults..........................................................39the Servicer...............................................47

Servicer Termination Events. 37 50 Section 8.02 8.02. Consequences of a Servicer Termination Event.....................................37 ............................................ 50 Section 8.03 8.03. Appointment of Successor Servicer................................................38 ....................................................... 51 Section 8.04 8.04. Notification to Securityholders..................................................38 ......................................................... 52 Section 8.05 8.05. Waiver of Past Defaults..........................................................39................................................................. 52

Servicer Termination Events. 37 40 Section 8.02 10.2 Consequences of a Servicer Termination Event.....................................37 ................42 Section 8.03 10.3 Appointment of Successor Servicer................................................38 Successor....................................43 Section 8.04 10.4 Notification to Securityholders..................................................38 of Termination and Appointment.................44 Section 8.05 10.5 Waiver of Past Defaults..........................................................39.....................................44 Section 10.6 Action Upon Certain Failures of the Servicer................44 Section 10.7 Continued Errors............................................44

Servicer Termination Events. 37 Section 8.02 36 SECTION 6.2 Consequences of a Servicer Termination Event.....................................Event ............ 37 Section 8.03 SECTION 6.3 Appointment of Successor Servicer................................................................................ 38 Section 8.04 SECTION 6.4 Notification to Securityholders..................................................38 Section 8.05 Noteholders ............................. 39 SECTION 6.5 Waiver of Past Defaults..........................................................39Defaults ................................. 39 SECTION 6.6 Action Upon Certain Failures of the Servicer ............ 39 ARTICLE VII ADMINISTRATIVE DUTIES OF THE SERVICER ............................... 40 SECTION 8.1 Administrative Duties ................................... 40 SECTION 8.2 Records ................................................. 41 SECTION 8.3 Additional Information to be Furnished to the Issuer .... 41

Servicer Termination Events. 37 Section 8.02 Consequences of a Servicer Termination Event.....................................37 Section 8.03 47 SECTION 9.2. Appointment of Successor Servicer................................................38 Section 8.04 Successor...................................................................50 SECTION 9.3. Notification to Securityholders..................................................38 Section 8.05 Waiver Noteholders................................................................51 SECTION 9.4. Action Upon Certain Failures of Past Defaults..........................................................39the Servicer...............................................51

Servicer Termination Events. 37 49 Section 8.02 Consequences of a Servicer Termination Event.....................................37 Section 8.03 7.02. Appointment of Successor Servicer................................................38 ............................................................ 50 Section 8.04 7.03. Effect of Servicing Transfer................................................................. 51 Section 7.04. Notification to Securityholders..................................................38 Noteholders, Certificateholders and Rating Agencies.......................... 52 Section 8.05 7.05. Waiver of Past Defaults..........................................................39Servicer Termination Events................................................... 52 Section 7.06. Repayment of Advances........................................................................ 52 ARTICLE EIGHT

Servicer Termination Events. 37 39 Section 8.02 Consequences of a Servicer Termination Event.....................................37 ...............................40 Section 8.03 Appointment of Successor Servicer................................................38 ..........................................40 Section 8.04 Notification to Securityholders..................................................38 ............................................41 Section 8.05 Waiver of Past Defaults..........................................................39....................................................41

Servicer Termination Events. 37 Section 8.02 57 SECTION 8.1. Servicer Termination Events...........................................57 SECTION 8.2. Consequences of a Servicer Termination Event.....................................37 Section 8.03 ..........................59 SECTION 8.3. Appointment of Successor Servicer................................................38 Section 8.04 Successor..............................................59 SECTION 8.4. Notification to Securityholders..................................................38 Section 8.05 Certificateholders....................................60 SECTION 8.5. Action Upon Certain Failures of the Servicer..........................60 SECTION 8.6. Waiver of Past Defaults..........................................................39...............................................60

Servicer Termination Events. 37 Section 8.02 55 SECTION 10.2. Consequences of a Servicer Termination Event.....................................37 Section 8.03 ..............................56 SECTION 10.3. Appointment of Successor Servicer................................................38 Section 8.04 Successor..................................................57 SECTION 10.4. Notification to Securityholders..................................................38 Section 8.05 Noteholders and the Agent.................................58 SECTION 10.5. Waiver of Past Defaults...................................................58 SECTION 10.6. Action Upon Certain Failures of the Servicer..............................59 TABLE OF CONTENTS (CONTINUED) SECTION 10.7. Continued Errors..........................................................3959

Servicer Termination Events. 37 Section 8.02 Consequences of a Servicer Termination Event.....................................37 Section 8.03 54 SECTION 9.2. Appointment of Successor Servicer................................................38 Section 8.04 Successor...................................................................57 SECTION 9.3. Notification to Securityholders..................................................38 Section 8.05 Waiver Noteholders................................................................58 SECTION 9.4. Action Upon Certain Failures of Past Defaults..........................................................39the Servicer...............................................59