Common use of Action on Termination, Resignation or Removal Clause in Contracts

Action on Termination, Resignation or Removal. Promptly on the effective date of termination of this Agreement pursuant to Section 5.4 or the resignation or removal of the Indenture Administrator pursuant to Sections 5.1 or 5.2(b), the Indenture Administrator will be entitled to be paid all fees and reimbursable expenses accruing to it through the date of the termination, resignation or removal. If this Agreement is terminated pursuant to Section 5.4, the Indenture Administrator will promptly deliver to the Issuer all property and documents relating to the 2015-B Collateral then in the custody of the Indenture Administrator. If the Indenture Administrator resigns or is removed pursuant to Sections 5.1 or 5.2(b), the Indenture Administrator will cooperate with the Issuer and take all reasonable steps requested to assist the Issuer in making an orderly transfer of the duties of the Indenture Administrator to the successor Indenture Administrator.

Action on Termination, Resignation or Removal. Promptly on the effective date of termination of this Agreement pursuant to Section 5.4 or the resignation or removal of the Indenture Administrator pursuant to Sections 5.1 or 5.2(b), the Indenture Administrator will be entitled to be paid all fees and reimbursable expenses accruing to it through the date of the termination, resignation or removal. If this Agreement is terminated pursuant to Section 5.4, the Indenture Administrator will promptly deliver to the Issuer all property and documents relating to the 20152014-B Collateral then in the custody of the Indenture Administrator. If the Indenture Administrator resigns or is removed pursuant to Sections 5.1 or 5.2(b), the Indenture Administrator will cooperate with the Issuer and take all reasonable steps requested to assist the Issuer in making an orderly transfer of the duties of the Indenture Administrator to the successor Indenture Administrator.

Action on Termination, Resignation or Removal. Promptly on the effective date of termination of this Agreement pursuant to Section 5.4 or the resignation or removal of the Indenture Administrator pursuant to Sections 5.1 or 5.2(b), the Indenture Administrator will be entitled to be paid all fees and reimbursable expenses accruing to it through the date of the termination, resignation or removal. If this Agreement is terminated pursuant to Section 5.4, the Indenture Administrator will promptly deliver to the Issuer all property and documents relating to the 2015-B A Collateral then in the custody of the Indenture Administrator. If the Indenture Administrator resigns or is removed pursuant to Sections 5.1 or 5.2(b), the Indenture Administrator will cooperate with the Issuer and take all reasonable steps requested to assist the Issuer in making an orderly transfer of the duties of the Indenture Administrator to the successor Indenture Administrator.

Action on Termination, Resignation or Removal. Promptly on the effective date of termination of this Agreement pursuant to Section 5.4 or the resignation or removal of the Indenture Administrator pursuant to Sections 5.1 or 5.2(b), the Indenture Administrator will be entitled to be paid all fees and reimbursable expenses accruing to it through the date of the termination, resignation or removal. If this Agreement is terminated pursuant to Section 5.4, the Indenture Administrator will promptly deliver to the Issuer all property and documents relating to the 2015-B 20__-_ Collateral then in the custody of the Indenture Administrator. If the Indenture Administrator resigns or is removed pursuant to Sections 5.1 or 5.2(b), the Indenture Administrator will cooperate with the Issuer and take all reasonable steps requested to assist the Issuer in making an orderly transfer of the duties of the Indenture Administrator to the successor Indenture Administrator.