Servicing Agreement and Backup Servicing Agreement. The Borrower shall not (a) terminate the Servicing Agreement or the Backup Servicing Agreement, or (b) designate a replacement servicer other than the Backup Servicer, in each case, without the consent of the Administrative Agent.
Servicing Agreement and Backup Servicing Agreement. No Credit Party shall terminate either the Servicing Agreement or the Backup Servicing Agreement.
Servicing Agreement and Backup Servicing Agreement. The Company shall not (a) terminate the Servicing Agreement or Backup Servicing Agreement or (b) select a replacement servicer, in each case without the consent of the Class Requisite Lenders of each Class.
Servicing Agreement and Backup Servicing Agreement. Each of the Credit Parties shall use its commercially reasonable efforts to cause Servicer and the Backup Servicer respectively, to comply at all times with the applicable terms of the Servicing Agreement and the Backup Servicing Agreement, respectively. None of the Credit Parties may (i) terminate, remove or replace the Servicer or the Backup Servicer, as applicable or (ii) subcontract out any portion of the servicing or permit third party servicing other than to the respective Originators and to the Backup Servicer, except, in each case, as expressly set forth in the applicable Credit Document and subject to satisfaction of the related requirements therein. The Administrative Agent may not terminate, remove, or replace the Servicer or the Backup Servicer except as expressly set forth in the applicable Credit Document and subject to satisfaction of the related requirements therein.
