Appointment of Backup Servicer. Upon resignation of the Servicer under the Servicing Agreement or the occurrence and continuance of a Servicer Event of Default, the Administrative Agent may (with the consent of the Required Lenders) at any time require the Borrower to appoint the Backup Servicer, as servicer of the Receivables in accordance with the Backup Servicing Agreement. The Borrower shall promptly comply with any such request from the Administrative Agent. The Borrower shall provide direction to the Backup Servicer with respect to modifications of the terms of the Receivables in accordance with the requirements set forth in the Servicing Agreement, and shall comply with all restrictions with respect to the release, discharge, termination or cancellation of any Receivable.
Appointment of Backup Servicer. On or before each ------------------------------ Determination Date, the Servicer shall deliver to the Indenture Trustee and the Backup Servicer a computer tape in a format acceptable to the Indenture Trustee and the Backup Servicer containing the information with respect to the Receivables for the preceding Collection Period necessary for the preparation of the Servicer's Certificate and the verification required under Section 8A.2 relating to such Collection Period (the "Backup Servicer Tape"). The duties of the Backup Servicer set forth in Section 8A.2 (the "Backup Servicer Duties") shall be conducted by the Person so designated from time to time as Backup Servicer in accordance with this Agreement. Norwest is hereby initially designated as, and hereby agrees to perform, the duties and obligations of the Backup Servicer pursuant to the terms hereof and each other Basic Document to which the Backup Servicer is a party. Subject to the resignation of Norwest as Backup Servicer pursuant to Section 8A.4 or the termination of Norwest as Backup Servicer pursuant to Section 8A.6 and, in either case, the designation of a successor Backup Servicer hereunder, Norwest shall continue to perform the Backup Servicer Duties, unless and until expressly agreed otherwise by the Issuer, the Servicer, the Indenture Trustee and the Insurer.
Appointment of Backup Servicer. 54 SECTION 8A.2
Appointment of Backup Servicer. 70 Section 8A.2
Appointment of Backup Servicer. Upon the resignation of the Servicer under the Servicing Agreement or the occurrence and continuance of an Accelerated Amortization Event (other than an Unmatured Event of Default), an Event of Default or a Servicer Event of Default, the Administrative Agent may (with the consent of the Required Lenders) deliver a Servicing
Appointment of Backup Servicer. 74 SECTION 8A.2 Duties of Backup Servicer.......................................................75 SECTION 8A.3 Backup Servicing Standard.......................................................75
Appointment of Backup Servicer. The parties hereto hereby appoint Wxxxx Fargo Bank, National Association to act as Backup Servicer, for the benefit of the Administrative Agent and the Lenders. The Backup Servicer hereby accepts such appointment and agrees to perform the duties and obligations with respect thereto set forth herein.
Appointment of Backup Servicer. If the Certificate Insurer directs the Servicer to appoint a Backup Servicer at anytime on or after July 15, 2000, the Servicer shall enter into a subservicing agreement in form and substance satisfactory to the Certificate Insurer, with a Backup Servicer selected by the Certificate Insurer. The Servicer shall use its best efforts to provide all information necessary for the Backup Servicer to implement the Backup Servicer Agreement. Upon execution of such subservicing agreement, the Certificate Insurer shall notify the Trustee in writing that a Backup Servicer has been appointed and shall submit wiring instructions to the Trustee for remittance of the Backup Servicing Fee.
Appointment of Backup Servicer. Upon the resignation of the Servicer under the Servicing Agreement or the occurrence and continuance of an Accelerated Amortization Event (other than an Unmatured Event of Default), an Event of Default or a Servicer Event of Default, the Administrative Agent may (with the consent of the Required Lenders) at any time require the Borrowerdeliver a Servicing Commencement Notice to appoint the Backup Servicer, as servicer of the Receivables in accordance with the Backup Servicing Agreement. The Borrower shall promptly comply with any such request from the Administrative Agent. The Borrower shall provide direction to, and shall cause the Servicer to, cooperate with the Backup Servicer with respect to modifications of the terms of the Receivables in accordance with the requirementsto effectuate such transition in servicing as further set forth in the Backup Servicing Agreement, and shall comply with all restrictions with respect to the release, discharge, termination or cancellation of any Receivable.
Appointment of Backup Servicer. Upon the resignation of the Servicer under the Servicing Agreement or the occurrence and continuance of an Accelerated Amortization Event (other than an Unmatured Event of Default), an Event of Default or a Servicer Event of Default, the Administrative Agent may (with the consent of the Required Lenders) deliver a Servicing Commencement Notice to the Backup Servicer. The Borrower shall, and shall cause the Servicer to, cooperate with the Backup Servicer to effectuate such transition in servicing as further set forth in the Backup Servicing Agreement.
