Common use of Servicer's Continued Performance Clause in Contracts

Servicer's Continued Performance. On and after the Servicer's receipt of a Termination Notice pursuant to Section 5.1(b), the Servicer will continue to perform all servicing functions pursuant to this Agreement until the date specified by the Lender in such Termination Notice or, if no such date is specified, until a date mutually agreed upon by the Servicer and the Lender.

Appears in 2 contracts

Samples: Servicing Agreement (Trans Leasing International Inc), Servicing Agreement (Trans Leasing International Inc)

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Servicer's Continued Performance. On and after the Servicer's receipt of a Termination Notice pursuant to Section 5.1(b7.1(b), the Servicer will continue to perform all servicing functions pursuant to this Agreement until the date specified by the Lender Indenture Trustee in such Termination Notice or, if no such date is specified, until a date mutually agreed upon by the Servicer and the LenderIndenture Trustee.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Trans Leasing International Inc), Pooling and Servicing Agreement (Tl Lease Funding Corp Iv)

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