Common use of Termination for Event of Default Clause in Contracts

Termination for Event of Default. (a) This Agreement shall be terminable at the sole option of Purchaser upon the occurrence of any of the following events, to the extent such events have a Material Adverse Effect with respect to Servicer (each, a “Servicer Event of Default”):

Appears in 2 contracts

Samples: Master Loan Servicing Agreement (LendingClub Corp), Master Loan Servicing Agreement (LendingClub Corp)

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Termination for Event of Default. (a) This Agreement shall be terminable at the sole option of Purchaser upon the occurrence of Purchaser, if any of the following events, to events of default exist on the extent part of Servicer and such events have a Material Adverse Effect with respect to Servicer (each, a “Servicer Event of Default”):

Appears in 2 contracts

Samples: Loan Servicing Agreement, Loan Servicing Agreement (LendingClub Corp)

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Termination for Event of Default. (a) i. This Agreement shall be terminable at the sole option of Purchaser upon the occurrence of any of the following events, to the extent such events have a Material Adverse Effect with respect to Servicer (each, a “Servicer Event of Default”):

Appears in 1 contract

Samples: Master Loan Servicing Agreement (LendingClub Corp)

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