Effective Date of Resignation or Removal. No resignation or removal of the Agent shall be effective until a successor agent is appointed pursuant to the provisions of this Section and has accepted the appointment as provided in this Section.
Appears in 2 contracts
Samples: Assignment and Assumption Agreement (American Business Financial Services Inc /De/), Sale and Servicing Agreement (American Business Financial Services Inc /De/)
Effective Date of Resignation or Removal. No resignation or removal of the Agent shall be effective until a successor agent is appointed pursuant to the provisions of this Section SECTION 13 and has accepted the appointment as provided in this SectionSECTION 13.
Appears in 2 contracts
Samples: Credit Agreement (Long Beach Financial Corp), Credit Agreement (Long Beach Financial Corp)
Effective Date of Resignation or Removal. No resignation or removal of the Seasoned Warehouse Agent shall be effective until a successor agent is appointed pursuant to the provisions of this Section SECTION 14 and has accepted the appointment as provided in this SectionSECTION 14.
Appears in 1 contract
Samples: Warehouse Security Agreement (Mca Financial Corp /Mi/)
