Acceptance by Successor Servicer; Reconveyance; Successor Servicer to Act. (a) Subject to Section 8.04, no appointment of a Successor Servicer (other than the Backup Servicer) shall be effective until the Successor Servicer shall have executed and delivered to the Issuer and the Trustee a written acceptance of such appointment and of the duties of Servicer hereunder, subject to Section 8.03(d). The Servicer shall continue to perform all servicing functions under this Agreement until the date the Successor Servicer shall have so executed and delivered such written acceptance.
Appears in 7 contracts
Samples: Sale and Servicing Agreement (Horizon Technology Finance Corp), Sale and Servicing Agreement (Hercules Capital, Inc.), Sale and Servicing Agreement (Horizon Technology Finance Corp)
Acceptance by Successor Servicer; Reconveyance; Successor Servicer to Act. (a) Subject to Section 8.04, no appointment of a Successor Servicer any Person (other than the Backup Servicer) as successor to the Servicer hereunder (the “Successor Servicer”) shall be effective until the Successor Servicer shall have executed and delivered to the Issuer and the Trustee a written acceptance of such appointment and of the duties of Servicer hereunder, subject to Section 8.03(d). The Servicer shall continue to perform all servicing functions under this Agreement until the date the Successor Servicer shall have so executed and delivered such written acceptance.. 90
Appears in 1 contract
Samples: Sale and Servicing Agreement (Horizon Technology Finance Corp)
Acceptance by Successor Servicer; Reconveyance; Successor Servicer to Act. (a) Subject to Section 8.04, no appointment of a Successor Servicer (other than the Backup Servicer) shall be effective until the Successor Servicer shall have executed and delivered to the Issuer and the Trustee a written acceptance of such appointment and of the duties of Servicer hereunder, subject to Section 8.03(d). The Servicer shall continue to perform all servicing functions under this Agreement until the date the Successor Servicer shall have so executed and delivered such written acceptance.
Appears in 1 contract
Samples: Sale and Servicing Agreement (NewStar Financial, Inc.)
Acceptance by Successor Servicer; Reconveyance; Successor Servicer to Act. (a) Subject to Section 8.04, no appointment of a Successor Servicer any Person (other than the Backup Servicer) as successor to the Servicer hereunder (the “Successor Servicer”) shall be effective until the Successor Servicer shall have executed and delivered to the Issuer and the Trustee a written acceptance of such appointment and of the duties of Servicer hereunder, subject to Section 8.03(d). The Servicer shall continue to perform all servicing functions under this Agreement until the date the Successor Servicer shall have so executed and delivered such written acceptance.
Appears in 1 contract
Samples: Sale and Servicing Agreement (Horizon Technology Finance Corp)
Acceptance by Successor Servicer; Reconveyance; Successor Servicer to Act. (a) Subject to Section 8.045.04, no appointment of a Successor Servicer (other than the Backup Back-Up Servicer) shall be effective until the Successor Servicer shall have executed and delivered to the Issuer Borrowers and the Trustee Agent a written acceptance of such appointment and of the duties of Servicer hereunder, subject to Section 8.03(d5.03(c). The Servicer shall continue to perform all servicing functions under this Agreement and the other Transaction Documents until the date the Successor Servicer shall have so executed and delivered such written acceptance.
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