Common use of TERMINATION OF SERVICER BY UTI HOLDER WITH RESPECT TO UTI Clause in Contracts

TERMINATION OF SERVICER BY UTI HOLDER WITH RESPECT TO UTI. The UTI Holder may, upon written notice to the Servicer, terminate all or a portion of the rights and powers of the Servicer with respect to the UTI under this Agreement.

Appears in 4 contracts

Samples: Servicing Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Servicing Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Servicing Agreement (Volkswagen Auto Lease Underwritten Funding LLC)

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TERMINATION OF SERVICER BY UTI HOLDER WITH RESPECT TO UTI. The UTI Holder on behalf of the Trust may, upon written notice to the Servicer, terminate all or a portion of the rights and powers of the Servicer with respect to the UTI under this Agreement.

Appears in 1 contract

Samples: Servicing Agreement (Cef Equipment Holding LLC)

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