Common use of Standby Servicer Clause in Contracts

Standby Servicer. Borrower will maintain the agreement for the Standby Servicer in full force and effect. Borrower agrees that upon the occurrence of a Default or Event of Default hereunder, the Standby Servicer will assume full control over the servicing of all Pledged Notes Receivable, reporting solely to Agent, as provided in Sections 9.1(i) and 10.14 hereof.

Standby Servicer. Borrower will maintain the agreement for the Standby Servicer Servicing Agreement in full force and effect. Borrower agrees that upon the occurrence of a Default or Event of Default hereunder, the Standby Servicer will assume full control over the servicing of all Pledged Notes Receivable, reporting solely to Agent, as provided in Sections Section 9.1(i) and 10.14 hereof).

Standby Servicer. Borrower will maintain the agreement for the Standby Servicer in full force and effect. Borrower agrees that upon the occurrence of a Default or Event of Default hereunder, the Standby Servicer will assume full control over the servicing of all Pledged Notes Receivable, reporting solely to Agent, as provided in Sections 9.1(i) and 10.14 hereof).

Standby Servicer. Borrower will maintain the agreement for the Standby Servicer in full force and effect. Borrower agrees that upon the occurrence of a Default or Event of Default hereunder, the Standby Servicer will assume full control over the servicing of all Pledged Notes Receivable, reporting solely to Agent, as provided in Sections Section 9.1(i) and 10.14 hereof.