Common use of Servicing Termination Clause in Contracts

Servicing Termination. SECTION 8.1 Events of Servicing Termination................................59 SECTION 8.2 Indenture Trustee to Act; Appointment of Successor Servicer.......................................................61 SECTION 8.3 Effect of Servicing Transfer...................................61 SECTION 8.4 Notification to Noteholders and Certificateholders.............62 SECTION 8.5 Waiver of Past Events of Servicing Termination.................62

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Mmca Auto Owner Trust 2001 2), Sale and Servicing Agreement (Mmca Auto Owner Trust 2001 2)

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Servicing Termination. SECTION 8.1 Section 6.01 Events of Servicing Termination................................59 SECTION 8.2 .........................................................36 Section 6.02 Indenture Trustee to Act; Appointment of Successor Servicer.......................................................61 SECTION 8.3 Effect of Servicing Transfer...................................61 SECTION 8.4 Successor......................................39 Section 6.03 Notification to Noteholders and Certificateholders.............62 SECTION 8.5 Waiver of Past Events of Servicing Termination.................62the Transferor..........................................40

Appears in 2 contracts

Samples: Sale and Servicing Agreement (CWHEQ, Inc.), Sale and Servicing Agreement (CWHEQ, Inc.)

Servicing Termination. 22 SECTION 8.1 7.1 Events of Servicing Termination................................59 ............................................................22 SECTION 8.2 Indenture Trustee to Act; 7.2 Appointment of Successor Servicer.......................................................61 ..........................................................24 SECTION 8.3 Effect of Servicing Transfer...................................61 SECTION 8.4 7.3 Notification to Noteholders and Certificateholders.............62 .........................................25 SECTION 8.5 7.4 Waiver of Past Events of Servicing Termination.................62.............................................25 ARTICLE VIII TERMINATION................................................................................25 SECTION 8.1 Optional Purchase of All Receivables.......................................................25 SECTION 8.2 Succession Upon Satisfaction and Discharge of Indenture....................................26

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Bear Stearns Asset Backed Fund Inc Whole Auto Loan Tr 2002-1), Sale and Servicing Agreement (Bear Stearns Asset Backed Funding Ii Inc)

Servicing Termination. SECTION 8.1 Section 6.01 Events of Servicing Termination................................59 SECTION 8.2 ..........................................................40 Section 6.02 Indenture Trustee to Act; Appointment of Successor Servicer.......................................................61 SECTION 8.3 Effect of Servicing Transfer...................................61 SECTION 8.4 Successor.......................................42 Section 6.03 Notification to Noteholders and Certificateholders.............62 SECTION 8.5 Waiver of Past Events of Servicing Termination.................62the Transferor...........................................43

Appears in 2 contracts

Samples: Sale and Servicing Agreement (CWHEQ Revolving Home Equity Loan Asset Backed Notes, Series 2006-C), Sale and Servicing Agreement (CWHEQ Revolving Home Equity Loan Asset Backed Notes, Series 2006-D)

Servicing Termination. 20 SECTION 8.1 7.1 Events of Servicing Termination................................59 Termination .............................................. 20 SECTION 8.2 Indenture Trustee to Act; 7.2 Appointment of Successor Servicer.......................................................61 Servicer ............................................ 22 SECTION 8.3 Effect of Servicing Transfer...................................61 SECTION 8.4 7.3 Notification to Noteholders and Certificateholders.............62 Certificateholders ........................... 23 SECTION 8.5 7.4 Waiver of Past Events of Servicing Termination.................62Termination ............................... 23 ARTICLE VIII TERMINATION ...................................................................... 23 SECTION 8.1 Optional Purchase of All Receivables ......................................... 23 SECTION 8.2 Succession Upon Satisfaction and Discharge of Indenture ...................... 23

Appears in 1 contract

Samples: Sale and Servicing Agreement (GS Auto Loan Trust 2006-1)

Servicing Termination. 32 SECTION 8.1 7.1 Events of Servicing Termination................................59 .........................................................32 SECTION 8.2 Indenture Trustee to Act; 7.2 Appointment of Successor Servicer.......................................................61 33 SECTION 8.3 Effect 7.3 Repayment of Servicing Transfer...................................61 Advances...................................................................34 SECTION 8.4 7.4 Notification to Noteholders and Certificateholders.............62 ......................................34 SECTION 8.5 7.5 Waiver of Past Events of Servicing Termination.................62..........................................35 ARTICLE VIII TERMINATION.............................................................................35 SECTION 8.1 Optional Purchase of All Receivables....................................................35 SECTION 8.2 Succession Upon Satisfaction and Discharge of Indenture.................................35

Appears in 1 contract

Samples: Sale and Servicing Agreement (Usaa Acceptance LLC)

Servicing Termination. SECTION Section 8.1 Events of Servicing Termination................................59 SECTION ..............................................37 Section 8.2 Indenture Trustee to Act; Appointment of Successor Servicer.......................................................61 SECTION ............................................38 Section 8.3 Effect Repayment of Servicing Transfer...................................61 SECTION Advances........................................................39 Section 8.4 Notification to Noteholders and Certificateholders.............62 SECTION ...........................39 Section 8.5 Waiver of Past Events of Servicing Termination.................62...............................39

Appears in 1 contract

Samples: Sale and Servicing Agreement (Ford Credit Auto Receivables Two LLC)

Servicing Termination. 23 SECTION 8.1 7.1 Events of Servicing Termination................................59 ..................................................................23 SECTION 8.2 Indenture Trustee to Act; 7.2 Appointment of Successor Servicer.......................................................61 ................................................................25 SECTION 8.3 Effect of Servicing Transfer...................................61 SECTION 8.4 7.3 Notification to Noteholders and Certificateholders.............62 ...............................................26 SECTION 8.5 7.4 Waiver of Past Events of Servicing Termination.................62...................................................26 ARTICLE VIII TERMINATION......................................................................................26 SECTION 8.1 Optional Purchase of All Receivables.............................................................26 SECTION 8.2 Succession Upon Satisfaction and Discharge of Indenture..........................................27

Appears in 1 contract

Samples: Sale and Servicing Agreement (Bear Stearns Asset Backed Whole Auto Loan Trust 2003-1)

Servicing Termination. SECTION 8.1 Events of Servicing Termination................................59 .............................. 49 SECTION 8.2 Indenture Trustee to Act; Appointment of Successor Servicer.......................................................61 ..................................................... 51 SECTION 8.3 Effect of Servicing Transfer...................................61 SECTION 8.4 Notification to Noteholders and Certificateholders.............62 SECTION 8.5 Waiver of Past Events of Servicing Termination.................62................................. 52

Appears in 1 contract

Samples: Sale and Servicing Agreement (Carmax Auto Funding LLC)

Servicing Termination. SECTION 8.1 Events of Servicing Termination................................59 Termination ..............................................45 SECTION 8.2 Indenture Trustee to Act; Appointment of Successor Servicer.......................................................61 Servicer ..................47 SECTION 8.3 Effect of Servicing Transfer...................................61 Transfer .................................................47 SECTION 8.4 Notification to Noteholders Noteholders, Certificateholders and Certificateholders.............62 SECTION 8.5 Waiver of Past Events of Servicing Termination.................62Rating Agencies ..........48

Appears in 1 contract

Samples: Sale and Servicing Agreement (Pooled Auto Securities Shelf LLC)

Servicing Termination. SECTION 8.1 Events of Servicing Termination................................59 SECTION 8.2 Indenture 61 Section 8.1. Servicer Termination Events........................... 61 Section 8.2. Trustee to Act; Appointment of Successor Servicer.......................................................61 SECTION 8.3 ..... 63 Section 8.3. Effect of Servicing Transfer...................................61 SECTION 8.4 .......................... 64 Section 8.4. Notification to Noteholders and Certificateholders.............62 SECTION 8.5 Holders............................... 65 Section 8.5. Waiver of Past Events of Servicing Termination.................62Servicer Termination Events............ 65 Section 8.6.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Amsouth Auto Corp Inc)

Servicing Termination. SECTION 8.1 7.1 Events of Servicing Termination................................59 ................................ 66 SECTION 8.2 7.2 Indenture Trustee to Act; Appointment of Successor Servicer.......................................................61 .... 68 SECTION 8.3 7.3 Effect of Servicing Transfer...................................61 ................................... 69 SECTION 8.4 7.4 Notification to Noteholders and Certificateholders.............62 ............. 70 SECTION 8.5 7.5 Waiver of Past Events of Servicing Termination.................62................. 70 ARTICLE VIII

Appears in 1 contract

Samples: Sale and Servicing Agreement (Daimler Benz Vehicle Receivables Corp)

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Servicing Termination. SECTION 8.1 7.1 Events of Servicing Termination................................59 ................................................34 SECTION 8.2 Indenture Trustee to Act; 7.2 Appointment of Successor Servicer.......................................................61 ..............................................36 SECTION 8.3 Effect 7.3 Repayment of Servicing Transfer...................................61 Simple Interest Advances..........................................37 SECTION 8.4 7.4 Notification to Noteholders and Certificateholders.............62 .............................37 SECTION 8.5 7.5 Waiver of Past Events of Servicing Termination.................62.................................37

Appears in 1 contract

Samples: Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2005-A)

Servicing Termination. 26 SECTION 8.1 7.1 Events of Servicing Termination................................59 ............................................................26 SECTION 8.2 Indenture Trustee to Act; 7.2 Appointment of Successor Master Servicer.......................................................61 ...................................................27 SECTION 8.3 Effect of Servicing Transfer...................................61 SECTION 8.4 7.3 Notification to Noteholders and Certificateholders.............62 .........................................29 SECTION 8.5 7.4 Waiver of Past Events of Servicing Termination.................62.............................................29 ARTICLE VIII TERMINATION................................................................................29 SECTION 8.1 Optional Purchase of All Receivables.......................................................29 SECTION 8.2 Succession Upon Satisfaction and Discharge of Indenture....................................30

Appears in 1 contract

Samples: Sale and Servicing Agreement (Merrill Auto Trust Securitization 2005-1)

Servicing Termination. SECTION 8.1 7.1 Events of Servicing Termination................................59 ................................................36 SECTION 8.2 Indenture Trustee to Act; 7.2 Appointment of Successor Servicer.......................................................61 ..............................................38 SECTION 8.3 Effect 7.3 Repayment of Servicing Transfer...................................61 Simple Interest Advances..........................................39 SECTION 8.4 7.4 Notification to Noteholders and Certificateholders.............62 .............................39 SECTION 8.5 7.5 Waiver of Past Events of Servicing Termination.................62.................................39

Appears in 1 contract

Samples: Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2005-B)

Servicing Termination. 23 SECTION 8.1 7.1 Events of Servicing Termination................................59 ............................................................23 SECTION 8.2 Indenture Trustee to Act; 7.2 Appointment of Successor Servicer.......................................................61 ..........................................................25 SECTION 8.3 Effect of Servicing Transfer...................................61 SECTION 8.4 7.3 Notification to Noteholders and Certificateholders.............62 .........................................26 SECTION 8.5 7.4 Waiver of Past Events of Servicing Termination.................62.............................................26 ARTICLE VIII TERMINATION................................................................................26 SECTION 8.1 Optional Purchase of All Receivables.......................................................26 SECTION 8.2 Succession Upon Satisfaction and Discharge of Indenture....................................27

Appears in 1 contract

Samples: Sale and Servicing Agreement (Bear Stearns Asset Backed Whole Auto Loan Trust 2004-1)

Servicing Termination. SECTION 8.1 8.1. Events of Servicing Termination................................59 ............................... 90 SECTION 8.2 8.2. Indenture Trustee to Act; Appointment of Successor Servicer.......................................................61 ... 92 SECTION 8.3 8.3. Effect of Servicing Transfer...................................61 .................................. 93 SECTION 8.4 8.4. Notification to Noteholders Noteholders, Certificateholders and Final Payment Certificateholders.............62 ................................. 94 SECTION 8.5 8.5. Waiver of Past Events of Servicing Termination.................62................ 94

Appears in 1 contract

Samples: Sale and Servicing Agreement (Mmca Auto Receivables Inc)

Servicing Termination. SECTION 8.1 Events of Servicing Termination............................................................................................59 SECTION 8.2 Indenture Trustee to Act; Appointment of Successor Servicer.......................................................................................61 SECTION 8.3 Effect of Servicing Transfer..................................................................................................61 SECTION 8.4 Notification to Noteholders and Certificateholders......................................................62 SECTION 8.5 Waiver of Past Events of Servicing Termination..............................................................62

Appears in 1 contract

Samples: Sale and Servicing Agreement (Mmca Auto Owner Trust 2001-1)

Servicing Termination. SECTION 56 Section 8.1 Events of Servicing TerminationServicer Termination Events................................59 SECTION 56 Section 8.2 Indenture Trustee to Act; Appointment of Successor Servicer.......................................................61 SECTION ..........57 Section 8.3 Effect of Servicing Transfer...................................61 SECTION ...............................58 Section 8.4 Notification to Noteholders and Certificateholders.............62 SECTION Holders....................................59 Section 8.5 Waiver of Past Events of Servicing TerminationServicer Termination Events.................6259 Section 8.6

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Bas Securitization LLC)

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