Servicer to Cooperate. The Servicer hereby agrees to cooperate with the successor Servicer appointed in accordance with Section 10.02 or 10.03 hereof, as applicable, in effecting the termination and transfer of the responsibilities and rights of the Servicer hereunder to the successor Servicer, including, without limitation, the execution and delivery of assignments of UCC financing statements, and the transfer to the successor Servicer for administration by it of all cash amounts which shall at the time be held by the Servicer or thereafter received with respect to the Contracts and the related Contracts. The Servicer hereby agrees to transfer to any successor Servicer its electronic records and all other records, correspondence and documents relating to the Contracts and the related Contracts in the manner and at such times as the successor Servicer shall reasonably request. The Servicer hereby designates the successor Servicer its agent and attorney-in-fact to execute transfers of UCC financing statements (including any and all UCC financing statements naming an individual Obligor as debtor and the Contributor as secured party) and any other filings or instruments which may be necessary or advisable to effect such transfer of the Servicer's responsibilities and rights hereunder. Upon any such termination or appointment of a successor Servicer, the Trustee shall give prompt written notice thereof to each Noteholder in the manner provided in the Indenture.
Appears in 6 contracts
Samples: Contribution and Servicing Agreement (Dvi Receivables Corp Viii), Contribution and Servicing Agreement (Dvi Receivables Corp Viii), Contribution and Servicing Agreement (Dvi Receivables Corp Viii)
Servicer to Cooperate. The Servicer hereby agrees to cooperate with the successor Servicer appointed in accordance with Section 10.02 or 10.03 hereof, as applicable, in effecting the termination and transfer of the responsibilities and rights of the Servicer hereunder to the successor Servicer, including, without limitation, the execution and delivery of assignments of UCC financing statements, and the transfer to the successor Servicer for administration by it of all cash amounts which shall at the time be held by the Servicer or thereafter received with respect to the Contracts and the related Contracts. The Servicer hereby agrees to transfer to any successor Servicer its electronic records and all other records, correspondence and documents relating to the Contracts and the related Contracts in the manner and at such times as the successor Servicer shall reasonably request. The Servicer hereby designates the successor Servicer its agent and attorney-in-fact to execute transfers of UCC financing statements (including any and all UCC financing statements naming an individual Obligor as debtor and the Contributor as secured party) and any other filings or instruments which may be necessary or advisable to effect such transfer of the Servicer's responsibilities and rights hereunder. Upon any such termination or appointment of a successor Servicer, the Trustee shall give prompt written notice thereof to each Noteholder in the manner provided in the Amended and Restated Indenture.
Appears in 4 contracts
Samples: Contribution and Servicing Agreement (Dvi Receivables Corp Viii), Contribution and Servicing Agreement (Dvi Receivables Corp Viii), Contribution and Servicing Agreement (Dvi Receivables Corp Viii)
Servicer to Cooperate. The Servicer hereby agrees to cooperate with any successor to the successor Servicer appointed in accordance with Section 10.02 or 10.03 8.03 hereof, as applicable, in effecting the termination and transfer of the responsibilities and rights of the Servicer hereunder to any successor to the successor Servicer, including, without limitation, the execution and delivery of assignments of UCC financing statementsFinancing Statements, and the transfer to such successor to the successor Servicer for administration by it of all cash amounts which shall at the time be held by the Servicer or thereafter received with respect to the Contracts and the related ContractsReceivables. The Servicer hereby agrees to transfer to any successor to the Servicer its electronic records and all other records, correspondence and documents relating to the Contracts and the related Contracts Receivables in the manner and at such times as the successor to the Servicer shall reasonably request. The Servicer hereby designates any successor to the successor Servicer its agent and attorney-attorney- in-fact to execute transfers of UCC financing statements Financing Statements (including any and all UCC financing statements Financing Statements naming an individual Obligor as debtor and the Contributor Seller as secured party) and any other filings or instruments which may be necessary or advisable to effect such transfer of the Servicer's responsibilities and rights hereunder. Upon any such termination or appointment of a successor Servicer, the Trustee shall give prompt written notice thereof to each Noteholder in the manner provided in the Indenture.
Appears in 1 contract
Samples: Sales and Servicing Agreement (Essex International Inc /)
Servicer to Cooperate. The Servicer hereby agrees to cooperate with the Indenture Trustee or any successor to Servicer appointed in accordance with Section 10.02 or 10.03 hereof9.3, as applicable, in effecting the termination and transfer of the responsibilities and rights of the Servicer hereunder to the Indenture Trustee or any successor to Servicer, including, without limitation, including the execution and delivery of assignments of UCC financing statementsFinancing Statements, and the transfer to Indenture Trustee or the successor to Servicer for administration by it of all cash amounts which shall at the time be held by the Servicer or thereafter received with respect to the Contracts and the related ContractsLeases. The Servicer hereby agrees to transfer to any successor to Servicer its electronic records and all other records, correspondence and documents relating to the Contracts Leases and the related Contracts Equipment in the manner and at such times as the successor to Servicer shall reasonably request. The Servicer hereby designates the Indenture Trustee and any successor to Servicer its agent and attorney-in-fact to execute transfers of UCC financing statements Financing Statements (including any and all UCC financing statements Financing Statements naming an individual Obligor Lessee as debtor and the Contributor Servicer as secured party) and any other filings or instruments which may be necessary or advisable to effect such transfer of the Servicer's responsibilities and rights hereunder. Upon any such termination or appointment of a successor Servicer, the Trustee shall give prompt written notice thereof to each Noteholder in the manner provided in the Indenture.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Provident Lease Receivables Corp)
Servicer to Cooperate. The Servicer hereby agrees to cooperate with the successor Servicer appointed in accordance with Section 10.02 or 10.03 hereof, as applicable, in effecting the termination and transfer of the responsibilities and rights of the Servicer hereunder to the successor Servicer, including, without limitation, the execution and delivery of assignments of UCC financing statements, and the transfer to the successor Servicer for administration by it of all cash amounts which shall at the time be held by the Servicer or thereafter received with respect to the Contracts and the related Contracts. The Servicer hereby agrees to transfer to any successor Servicer its electronic records and all other records, correspondence and documents relating to the Contracts and the related Contracts in the manner and at such times as the successor Servicer shall reasonably request. The Servicer hereby designates the successor Servicer its agent and attorney-in-fact to execute transfers of UCC financing statements (including any and all UCC financing statements naming an individual Obligor as debtor and the Contributor as secured party) and any other filings or instruments which may be necessary or advisable to effect such transfer of the Servicer's responsibilities and rights hereunder. Upon any such termination or appointment of a successor Servicer, the Trustee shall give prompt written notice thereof to the Swap Providers and each Noteholder in the manner provided in the Indenture.
Appears in 1 contract
Samples: Contribution and Servicing Agreement (Dvi Receivables Corp Viii)