Substitute Servicer definition

Substitute Servicer means the successor to the Servicer which may be appointed by the Guarantor, upon the occurrence of a Servicer Termination Event, pursuant to clause 8.4 (Sostituto del Servicer) of the Servicing Agreement.

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Substitute Servicer means at any given time the entity then appointed as Servicer under clause 18.6.

Substitute Servicer means at any given time the entity then appointed as Servicer under clause 18.

Examples of Substitute Servicer in a sentence

• The Majority Holders may remove the Servicer and/or replace the Servicer with a Substitute Servicer.

• The Servicer may accept a payment or benefit, in connection with its retirement or removal, from the Substitute Servicer.

• The Servicer and the Manager must (subject to the Privacy Act and the Servicer's duty of confidentiality to its customers under general law or otherwise) provide the Substitute Servicer with copies of all paper and electronic files, information and other materials as the Trustee or the Substitute Servicer may reasonably request within 90 days of the removal or retirement of the Servicer in accordance with this clause 18.

• Until the appointment of the Substitute Servicer is complete, the Trustee must act as Servicer.

• Upon any retirement, termination or appointment of a Substitute Servicer pursuant to this clause 18, the Trustee will give or cause to be given prompt notice of that retirement, termination or appointment to the Manager, the Class A-1 Note Trustee, the Securityholders and the Rating Agencies.

More Definitions of Substitute Servicer

Substitute Servicer means an entity appointed to replace the Servicer following the termination of the appointment of the Servicer.

Substitute Servicer means the successor of the Servicer upon the occurrence of a Servicer Termination Event, which may be appointed by the Guarantor pursuant to Article 10.6 of the Servicing Agreement.

Substitute Servicer means the person who assumes the tasks of the Seller with regard to the collection of Purchased Receivables and the realisation of the Accessory Related Security in the event that the Seller ceases, or is no longer permitted to collect Purchased Receivables pursuant to the Master Receivables Purchase Agreement.

Substitute Servicer means, with reference to each Servicer, the substitute which will be appointed upon the occurrence of a Servicer Termination Event pursuant to clause 10.6 of the Master Servicing Agreement.

Substitute Servicer as defined in subsection 12.2(d) of the Receivables Transfer Agreement.

Substitute Servicer means an entity appointed as Servicer under clause 3.4 of the Master Servicer Deed.

Substitute Servicer has the meaning set out in the Back-Up Servicer Agreement.