Common use of Servicing Programs Clause in Contracts

Servicing Programs. If any Successor Servicer has been appointed or if any Initial Servicer Default or Event of Default has occurred and is continuing and a license or approval is required for Buyer’s, the Administrative Agent’s or such Successor Servicer’s use of any software or other computer program used by such Successor Servicer in the servicing of the Transferred Assets, then at the request of Buyer, the Administrative Agent or a Successor Servicer, each Originator, as applicable, shall at its own expense arrange for Buyer, Administrative Agent and such Successor Servicer to receive any such required license or approval.

Appears in 1 contract

Samples: Loan and Security Agreement (Exela Technologies, Inc.)

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Servicing Programs. If any Successor Servicer has been appointed or if any Initial Servicer Default or Event of Default has occurred and is continuing and a license or approval is required for Buyer’s, the Administrative Agent’s or such Successor Servicer’s use of any software or other computer program used by such Successor Servicer in the servicing of the Transferred AssetsReceivables, then at the request of Buyer, the Administrative Agent or a Successor Servicer, each Originatorthe Seller, as applicable, shall at its own expense arrange for Buyer, Administrative Agent and such Successor Servicer to receive any such required license or approval.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Exela Technologies, Inc.)

Servicing Programs. If any Successor Servicer has been appointed or if any Initial Servicer Default Replacement Event, Amortization Event or Event of Default has occurred and is continuing and a license or approval is required for Buyer’s, the Administrative Agent’s or such Successor Servicer’s use of any software or other computer program used by such Successor Servicer in the servicing of the Transferred AssetsReceivables, then at the request of Buyer, the Administrative Agent or a Successor Servicer, each Originator, as applicable, shall at its own expense arrange for Buyer, Administrative Agent and such Successor Servicer to receive any such required license or approval.

Appears in 1 contract

Samples: First Tier Receivables Purchase and Sale Agreement (Exela Technologies, Inc.)

Servicing Programs. If any Successor Servicer has been appointed or if any Initial Servicer Default Replacement Event, Amortization Event or Event of Default has occurred and is continuing and a license or approval is required for Buyer’s, the Administrative Agent’s or such Successor Servicer’s use of any software or other computer program used by such Successor Servicer in the servicing of the Transferred AssetsReceivables, then at the request of Buyer, the Administrative Agent or a Successor Servicer, each OriginatorSeller, as applicable, shall at its own expense arrange for Buyer, Administrative Agent and such Successor Servicer to receive any such required license or approval.

Appears in 1 contract

Samples: Second Tier Receivables Purchase and Sale Agreement (Exela Technologies, Inc.)

Servicing Programs. If any Successor Servicer has been appointed or if any Initial Servicer Default or Event of Default has occurred and is continuing and a license or approval is required for Buyer’s, the Administrative Agent’s or such Successor Servicer’s use of any software or other computer program used by such Successor Servicer in the servicing of the Transferred AssetsReceivables, then at the request of Buyer, the Administrative Agent or a Successor Servicer, each Originator, as applicable, shall at its own expense arrange for Buyer, Administrative Agent and such Successor Servicer to receive any such required license or approval.

Appears in 1 contract

Samples: First Tier Purchase and Sale Agreement (Exela Technologies, Inc.)

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Servicing Programs. If any a Successor Servicer has been appointed or if any Initial Servicer Default Replacement Event, Amortization Event or Event of Default Termination has occurred and is continuing and a license or approval is required for Buyer’s, the Administrative Agent’s or such Successor Servicer’s use of any software or other computer program used by such Successor Servicer in the servicing of the Transferred AssetsReceivables, then at the request of Buyer, the Administrative Agent or a Successor Servicer, each OriginatorSeller, as applicable, shall at its own expense arrange for Buyer, Administrative Agent and or such Successor Servicer to receive any such required license or approval.

Appears in 1 contract

Samples: Second Tier Purchase and Sale Agreement (Exela Technologies, Inc.)

Servicing Programs. If any a Successor Servicer has been appointed or if any Initial Servicer Default Replacement Event, Amortization Event or Event of Default Termination has occurred and is continuing and a license or approval is required for Buyer’s, the Administrative Agent’s or such Successor Servicer’s use of any software or other computer program used by such Successor Servicer in the servicing of the Transferred AssetsReceivables, then at the request of Buyer, the Administrative Agent or a Successor Servicer, each Originator, as applicable, shall at its own expense arrange for Buyer, Administrative Agent and or such Successor Servicer to receive any such required license or approval.

Appears in 1 contract

Samples: First Tier Purchase and Sale Agreement (Exela Technologies, Inc.)

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