Common use of Subservicing Clause in Contracts

Subservicing. WFS, as Master Servicer, shall not appoint, pursuant to Section 4.01 of the Sale and Servicing Agreement, any Subservicer that has not been approved in advance by Financial Security. WFS as Master Servicer shall not cause or permit to become effective any Subservicing Agreement that is in a form that varies substantially from the form thereof set forth as Exhibit E to the Sale and Servicing Agreement unless the form of such varying agreement shall have been approved in writing by Financial Security.

Appears in 13 contracts

Samples: Indemnity and Pledge Agreement (WFS Financial 1998 a Owner Trust), Indemnity and Pledge Agreement (WFS Receivables Corp), Indemnity and Pledge Agreement (WFS Financial Auto Loans Inc)

AutoNDA by SimpleDocs

Subservicing. WFS, as Master Servicer, shall not appoint, pursuant to Section 4.01 of the Sale and Servicing Agreement, any Subservicer that has not been approved in advance by Financial Security. WFS as Master Servicer shall not cause or permit to become effective any Subservicing Agreement that is in a form that varies substantially from the form thereof set forth as Exhibit E to the Sale and Servicing Agreement unless the form of such varying agreement shall have been approved in writing by Financial Security.by

Appears in 2 contracts

Samples: Insurance, Indemnity and Pledge Agreement (WFS Financial 1997-C Owner Trust), Indemnity and Pledge Agreement (WFS Financial 1997-D Owner Trust)

Subservicing. WFS, as Master Servicer, shall not appoint, pursuant to Section 4.01 of the Sale and Servicing Agreement, any Subservicer that has not been approved in advance by Financial Security. WFS as Master Servicer shall not cause or permit to become effective any Subservicing Agreement that is in a form that varies substantially from the form thereof set forth as [Exhibit E B] to the Sale and Servicing Agreement unless the form of such varying agreement shall have been approved in writing by Financial Security.

Appears in 1 contract

Samples: Indemnity and Pledge Agreement (WFS Financial 1997-a Owners Trust)

AutoNDA by SimpleDocs

Subservicing. WFS, as Master Servicer, shall not appoint, pursuant to Section 4.01 of the Sale and Servicing Agreement, any Subservicer that has not been approved in advance by Financial Security. WFS as Master Servicer shall not cause or permit to become effective any Subservicing Agreement that is in a form that varies substantially from the form thereof set forth as [Exhibit E B] to the Sale and Servicing Agreement unless the form of such varying agreement shall have been approved in writing by Financial Security.of

Appears in 1 contract

Samples: Insurance, Indemnity and Pledge Agreement (WFS Financial 1996-D Owner Trust)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!