Successor Servicer Provisions Sample Clauses

Successor Servicer Provisions. Section 10.01. Servicer Not to Resign.........................................44 Section 10.02. Appointment of the Successor Servicer..........................44 Section 10.03. Duties of the Servicer.........................................45 Section 10.04.
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Successor Servicer Provisions. 36 Section 11.01. Servicer Not to Resign 36 Section 11.02. Appointment of the Successor Servicer 36 Section 11.03. Duties of the Servicer 37 Section 11.04. Effect of Termination or Resignation 37 ARTICLE XII. INDEMNIFICATION 37 Section 12.01. Indemnities by the Seller 37 Section 12.02. Indemnities by the Servicer 39 Section 12.03. Limitation of Damages; Indemnified Persons 39 ARTICLE XIII. AGENT 40 Section 13.01. Authorization and Action 40 Section 13.02. Reliance 40 Section 13.03. GE Capital and Affiliates 40 ARTICLE XIV. MISCELLANEOUS 41 Section 14.01. Notices 41 Section 14.02. Binding Effect; Assignability 41 Section 14.03. Termination; Survival of Seller Secured Obligations Upon Facility Termination Date 42 Section 14.04. Costs, Expenses and Taxes 42 Section 14.05. Confidentiality 44 Section 14.06. No Proceedings 45 Section 14.07. Complete Agreement; Modification of Agreement 45 Section 14.08. Amendments and Waivers 45 Section 14.09. No Waiver; Remedies 45 Section 14.10. GOVERNING LAW; CONSENT TO JURISDICTION; WAIVER OF JURY TRIAL 45 Section 14.11. Counterparts 47 Section 14.12. Severability 47 Section 14.13. Section Titles 47 Section 14.14. Limited Recourse 47 Section 14.15. Further Assurances 47 EXHIBITS
Successor Servicer Provisions. 57 SECTION 11.1 SERVICER NOT TO RESIGN.....................................................................57 SECTION 11.2 APPOINTMENT OF THE SUCCESSOR SERVICER......................................................58 SECTION 11.3 DUTIES OF THE SERVICER.....................................................................58 SECTION 11.4 EFFECT OF TERMINATION OR RESIGNATION.......................................................58 Article XII Indemnification......................................................................................59 SECTION 12.1 INDEMNITIES BY THE SELLER..................................................................59 SECTION 12.2 INDEMNITIES BY THE SERVICER................................................................60 SECTION 12.3 LIMITATION OF DAMAGES; INDEMNIFIED PERSONS.................................................61 Article XIII Administrative Agent................................................................................61 SECTION 13.1 AUTHORIZATION AND ACTION...................................................................61 SECTION 13.2 RELIANCE...................................................................................62 SECTION 13.3 GE CAPITAL AND AFFILIATES..................................................................
Successor Servicer Provisions 

Related to Successor Servicer Provisions

  • Successor Sub-Servicers The Master Servicer, with the consent of the NIMS Insurer, shall be entitled to terminate any Sub-Servicing Agreement and the rights and obligations of any Sub-Servicer pursuant to any Sub-Servicing Agreement in accordance with the terms and conditions of such Sub-Servicing Agreement. In the event of termination of any Sub-Servicer, all servicing obligations of such Sub- Servicer shall be assumed simultaneously by the Master Servicer without any act or deed on the part of such Sub-Servicer or the Master Servicer, and the Master Servicer either shall service directly the related Mortgage Loans or shall enter into a Sub-Servicing Agreement with a successor Sub-Servicer which qualifies under Section 6.06. Any Sub-Servicing Agreement shall include the provision that such agreement may be immediately terminated by the Trustee without fee, in accordance with the terms of this Agreement, in the event that the Master Servicer shall, for any reason, no longer be the Master Servicer (including termination due to a Master Servicer Event of Default).

  • Successor Servicer Each of Processor and the Trustee agrees that if the Servicer has been terminated or resigns as Servicer, this Agreement shall not thereupon terminate and the successor servicer appointed pursuant to the Sale and Servicing Agreement shall succeed, except as otherwise provided herein, to all rights, benefits, duties and obligations of the Servicer hereunder. Prior to the termination or resignation of the Trustee or the Servicer, the Trustee or the Servicer, respectively, shall provide notice to Processor in accordance with the terms and conditions to which each of the Trustee or the Servicer, respectively, is itself entitled upon termination or resignation.

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