Termination of Servicer; Cooperation. In the event that the Servicer is terminated or resigns in accordance with the terms of this Indenture, the Backup Servicer agrees that the Backup Servicing Agreement will be terminated. The Backup Servicer agrees to cooperate in good faith with any successor Servicer to effect a transition of the servicing obligations by the Servicer and the Backup Servicer to any successor Servicer.
Appears in 7 contracts
Samples: Indenture (Silverleaf Resorts Inc), Indenture (Silverleaf Resorts Inc), Indenture (Silverleaf Resorts Inc)
Termination of Servicer; Cooperation. In the event that the Servicer is terminated or resigns in accordance with the terms of this IndentureAgreement, the Backup Servicer agrees that to continue to perform its duties and obligations hereunder and in the Backup Servicing Agreement will be terminatedwithout interruption. The Backup Servicer agrees to cooperate in good faith with any successor Servicer to effect a transition of the servicing obligations by the Servicer and the Backup Servicer to any successor Servicer. The Paying Agent agrees to provide such information regarding the Collection Account as the Backup Servicer shall require to produce the Monthly Servicer Report on and after the Assumption Date.
Appears in 2 contracts
Samples: Loan Sale and Servicing Agreement (Bluegreen Corp), Loan Sale and Servicing Agreement (Bluegreen Corp)