Common use of Aged Term Servicing Clause in Contracts

Aged Term Servicing. The parties hereby agree that at such time as any Batch Receivable due from an Obligor is unpaid for more than 120 days after the Last Service Date, the Provider shall, upon the request of the Purchaser, turn over all of its Primary Servicer Responsibilities under this Agreement with respect to such Batch Receivable to a successor Servicer selected by the Purchaser, and such Servicer shall thereafter service such Batch Receivable.

Aged Term Servicing. The parties hereby agree that at such time as any Batch Receivable due from an Obligor is unpaid for more than 120 days after the Last Service Date, the applicable Provider shall, upon the request of the Purchaser, turn over all of its Primary Servicer Responsibilities under this Agreement with respect to such Batch Receivable to a successor Servicer servicer selected by the Purchaser, and such Servicer servicer shall thereafter service such Batch Receivable.

Aged Term Servicing. The parties hereby agree that at such time as any Batch Receivable due from an Obligor is unpaid for more than 120 365 days after the Last Service Date, the Provider Primary Servicer shall, upon the request of the Purchaser, turn over all of its Primary Servicer Responsibilities under this Agreement with respect to such Batch Receivable to a successor Servicer servicer selected by the Purchaser, and such Servicer servicer shall thereafter service such Batch Receivable.

Aged Term Servicing. The parties hereby agree that at such time as any Batch Receivable due from an Obligor is unpaid for more than 120 days after the Last Service Date, the Provider Primary Servicer shall, upon the request of the Purchaser, turn over all of its Primary Servicer Responsibilities under this Agreement with respect to such Batch Receivable to a successor Servicer servicer selected by the Purchaser, and such Servicer servicer shall thereafter service such Batch Receivable.