Common use of Termination of Agreement; Transfer of Servicing Materials to Successor Servicer Clause in Contracts

Termination of Agreement; Transfer of Servicing Materials to Successor Servicer. (a) This Agreement shall terminate, completely or (if so indicated) in part with respect to one or more Pools, upon the earlier of (i) the termination of the Titling Trust or, with respect to any Pool, upon the termination of such Pool in accordance with the Credit and Security Agreement and the related Exchange Note Supplement, (ii) with respect to the Servicer, but not as to any applicable Successor Servicer, the termination of the Servicer as Servicer hereunder in accordance with the terms of this Agreement (completely or with regard to any of (A) the Servicer’s obligation to cause the assignment of Lease Agreements, Leased Vehicles and related Trust Assets to the Titling Trust or (B) the Servicer’s servicing obligations with regard to one or more Pools) or (iii) the mutual written determination of the parties hereto (completely or in any part as set forth in clause (ii) above). Upon any termination of the Servicer’s servicing obligations hereunder with regard to any Pool, upon payment of all amounts due to the Servicer hereunder with respect to such Pool (including related accrued Servicing Fees (to the extent payable from Trust Assets) and additional servicing compensation payable in respect of such Pool and reimbursement of any advances), the Servicer shall pay to or upon the order of the Titling Trust or any other Person entitled thereto all monies held by the Servicer on behalf of the Titling Trust or the Owner Trustee with respect to such Pool. Any termination of the Servicer with respect to one Pool shall not thereby effect a termination of the Servicer with respect to any other Pool in existence at the time of such termination.

Termination of Agreement; Transfer of Servicing Materials to Successor Servicer. (a) This Agreement shall terminate, completely or (if so indicated) in part with respect to one or more PoolsSub-Trusts, upon the earlier of (i) the termination dissolution of the Titling Trust or, with respect to any Pool, upon the termination of such Pool in accordance with the Credit and Security Agreement and the related Exchange Note SupplementOrigination Trust, (ii) with respect to the Servicer, but not as to any the applicable Successor Servicer, the termination discharge of the Servicer as Servicer hereunder in accordance with the terms of this Agreement (completely or with regard to any of (A) the Servicer’s 's obligation to cause the assignment of Lease AgreementsLeases, Leased Vehicles and related Trust Assets to the Titling Origination Trust or (B) the Servicer’s 's servicing obligations with regard to one or more PoolsSub-Trusts) or (iii) the mutual written determination of the parties hereto (completely or in any part as set forth in clause (ii) above). Upon any termination of the Servicer’s 's servicing obligations hereunder with regard to any PoolSub-Trust, upon payment of all amounts due to the Servicer hereunder with respect to such Pool Sub-Trust (including related accrued Servicing Fees (to the extent payable from Trust Assets) and additional servicing compensation payable in respect of such Pool Sub-Trust and reimbursement of any advances), the Servicer shall pay to or upon the order of the Titling Trust Trustee or any other Person entitled thereto all monies held by the Servicer on behalf of the Titling Origination Trust or the Owner Trustee with respect to such PoolSub-Trust. Any termination of the Servicer with respect to one Pool Sub-Trust shall not thereby effect a termination of the Servicer with respect to any other Pool Sub-Trust in existence at the time of such termination.