Master Servicer Termination Event definition

Master Servicer Termination Event means any of the events set out under clause 8.1.1 of each Master Servicing Agreement, which allows the Guarantor to terminate the Master Servicer's appointment and to appoint a Substitute Master Servicer pursuant to the Master Servicing Agreement.

Master Servicer Termination Event means an event specified in Section 10.1.

Master Servicer Termination Event shall have the meaning set forth in Section 10.01.

Examples of Master Servicer Termination Event in a sentence

• If any Master Servicer Termination Event or any Servicer Termination Event of which the Trustee has knowledge has occurred (which has not been cured or waived), the Trustee shall exercise such of the rights and powers vested in it by this Agreement or any Series Supplement, and use the same degree of care and skill in their exercise, as a prudent person would exercise or use under the circumstances in the conduct of such person’s own affairs.

• Upon the occurrence of any Master Servicer Termination Event or any Servicer Termination Event, the Master Servicer or Servicer, as applicable, shall give prompt written notice thereof to the Trustee and the Trustee shall give notice to the Investor Certificateholders.

• The appointment of the Master Servicer may be terminated by the Issuer and/or the Trustee (subject to the terms of the Master Servicing Agreement) upon the occurrence of a Master Servicer Termination Event (see "Master Servicer Termination Event" in the "Non-Rating Triggers Table").

• No event has occurred and is continuing and no condition exists, or would result from any Purchase or Reinvestment or from the application of proceeds therefrom, that constitutes or may reasonably be expected to constitute an Event of Termination, an Unmatured Event of Termination, a Master Servicer Termination Event or an Unmatured Master Servicer Termination Event.

• The appointment of the Master Servicer may be terminated by the Issuer and/or the Security Trustee (subject to the terms of the Master ServicingAgreement) upon the occurrence of a Master Servicer Termination Event (see “Master Servicer Termination Event” in the “Non-Rating Triggers Table”).

More Definitions of Master Servicer Termination Event

Master Servicer Termination Event. Any event specified in Section 10.01.

Master Servicer Termination Event means any of the events set out under clause 8.1 (Casi di revoca del mandato del Master Servicer) of the Master Servicing Agreement, which allows the Guarantor to terminate the Servicer's appointment and appoint a Substitute Servicer pursuant to the Master Servicing Agreement.

Master Servicer Termination Event means any of the following events:

Master Servicer Termination Event. (a) any failure by the Master Servicer to deposit into the Collection Account any proceeds or payment required to be so delivered under the terms of this Agreement that continues unremedied for a period of five Business Days after written notice is received by the Master Servicer or after discovery of such failure by a Responsible Officer of the Master Servicer;

Master Servicer Termination Event has the meaning set forth in Section 6.1(a).

Master Servicer Termination Event has the meaning set forth in Section 6.1(a). “Material Adverse Effect” means, a material adverse effect on (a) the business, assets, liabilities (actual or contingent), financial condition or results of operations of (i) Borrower or (ii) the Performance Guarantor, the Master Servicer and the Originators, taken as a whole; (b) the ability of (i) Borrower to perform any of its payment or other obligations under the Transaction Documents to which it is a party or (ii) the Performance Guarantor, the Master Servicer and each Originator considered as a whole to perform any of such Person’s payment or other obligations under the Transaction Documents to which it is a party; (c) the rights and remedies of the Lenders or the Administrative Agent under the Transaction Documents; (d) the Administrative Agent’s or any Lender’s interest in any substantial portion of the Collateral; or (e) the collectability of any substantial portion of the Pool Receivables. “Monthly Payment Date” means the date that is two (2) Business Days following the related Monthly Reporting Date. “Monthly Report” means a report in substantially the form of Exhibit VIII-A hereto (appropriately completed), furnished by the Master Servicer to the Administrative Agent and the Lenders pursuant to Section 6.6. “Monthly Reporting Date” means the 22nd day (or such other day agreed to by the Administrative Agent in its sole discretion) following each calendar month end (or, if any such day is not a Business Day, the next succeeding Business Day thereafter). “Moody’s” means Xxxxx’x Investors Service, Inc. “Multiemployer Plan” means any employee benefit plan of the type described in Section 4001(a)(3) of ERISA, to which a Columbus Party or any ERISA Affiliate makes or is obligated to make contributions, or during the preceding five plan years, has made or been obligated to make contributions.

Master Servicer Termination Event means an event specified in Section 8.1 of the Sale and Servicing Agreement.