Effective Period, Termination and Amendment; Interpretive and Additional Provisions. This Custodian Agreement shall become effective as of the date hereof, shall continue in full force and effect until terminated as hereinafter provided, and may be amended at any time by mutual agreement of the parties hereto. This Custodian Agreement may be terminated by either party by written notice to the other party, such termination to take effect no sooner than sixty (60) days after the date of such notice. Notwithstanding the foregoing, if Ally Financial resigns as Servicer under the Basic Documents or if all of the rights and obligations of the Servicer have been terminated under the Servicing Agreement, this Custodian Agreement may be terminated by the Issuing Entity or by any Persons to whom the Issuing Entity has assigned its rights hereunder. As soon as practicable after the termination of this Custodian Agreement, the Custodian shall deliver the Receivable Files described herein to the Issuing Entity or the Issuing Entity’s agent at such place or places as the Issuing Entity may reasonably designate.
Effective Period, Termination and Amendment; Interpretive and Additional Provisions. This Custodian Agreement shall become effective as of the date hereof and shall continue in full force and effect until terminated as hereinafter provided. So long as Exeter is serving as Custodian, any resignation or termination of Exeter as Servicer under the Sale and Servicing Agreement shall automatically terminate Exeter as Custodian hereunder. This Custodian Agreement may be amended at any time by mutual agreement of the parties hereto with the prior written consent of the Backup Servicer, and may be terminated by any party by giving written notice to the other parties, such termination of this Custodian Agreement to take effect no sooner than thirty (30) days after the date of such notice. Upon any termination or amendment of this Custodian Agreement, the Indenture Trustee, in the case of amendments, and the party seeking termination, in the case of terminations, shall give written notice to the Servicer, who shall deliver such notice to Xxxxx’x Investors Service, Inc. (“Moody’s”) and S&P Global Ratings, a Standard & Poor’s Financial Services LLC business (“S&P”) (collectively, the “Rating Agencies”). As promptly as possible after the giving of, or receipt of, notice of termination of this Custodian Agreement or the automatic termination of Exeter as Custodian, the Custodian shall deliver the Receivable Files to the Indenture Trustee on behalf of the Noteholders and at the Servicer’s expense, at such place or places as the Indenture Trustee may designate, and the Indenture Trustee, or its agent, as the case may be, shall act as Custodian for such Receivables Files on behalf of the Noteholders and shall be subject to all the rights, indemnities, duties and liabilities placed on the Custodian by the terms of this Agreement until such time as a successor custodian has been appointed. If, within seventy-two (72) hours after the termination of this Custodian Agreement, the Custodian has not delivered the Receivable Files in accordance with the preceding sentence, the Indenture Trustee may enter the premises of the Custodian and remove the Receivable Files from such premises. In connection with the administration of this Agreement, the parties may agree from time to time upon the interpretation of the provisions of this Agreement as may in their joint opinion be consistent with the general tenor and purposes of this Agreement, any such interpretation to be signed by all parties and annexed hereto. The Custodian’s costs and expenses related to any such ame...
Effective Period, Termination and Amendment; Interpretive and Additional Provisions. This Agreement shall become effective as of the date hereof, shall continue in full force and effect until terminated as hereinafter provided, may be amended at any time by mutual agreement of the parties hereto and may be terminated by either party by written notice to the other party, such termination to take effect no sooner than sixty (60) days after the date of such notice. Notwithstanding the foregoing, if Navistar Financial Corporation resigns as Servicer under the Further Transfer and Servicing Agreements or if all of the rights and obligations of the Servicer have been terminated under the Further Transfer and Servicing Agreements, this Agreement may be terminated by the Issuer or by any Persons to whom the Issuer has assigned its rights hereunder. As soon as practicable after the termination of this Agreement, the Custodian shall deliver the Receivable Files described herein to the Issuer or the Issuer's agent at such place or places as the Issuer may reasonably designate.
Effective Period, Termination and Amendment; Interpretive and Additional Provisions. This Custodian Agreement shall become effective as of the date hereof, shall continue in full force and effect until terminated as hereinafter provided, and may be amended at any time by mutual agreement of the parties hereto. This Custodian Agreement may be terminated by either party by written notice to the other party, such termination to take effect no sooner than 60 days after the date of such notice. Notwithstanding the foregoing, if GMAC resigns as Servicer under the Trust Sale and Servicing Agreement or if all of the rights and obligations of the Servicer have been terminated under the Trust Sale and Servicing Agreement, this Custodian Agreement may be terminated by the Issuer or GMAC or by any Persons to whom the Issuer or GMAC has assigned its rights hereunder. As soon as practicable after the termination of this Custodian Agreement, the Custodian shall deliver the Receivables Files described herein to the Issuer, the Issuer's agent or GMAC at such place or places as the Issuer or GMAC may reasonably designate.
Effective Period, Termination and Amendment; Interpretive and Additional Provisions. (a) This COLT Custodian Agreement shall become effective as of the date hereof, shall continue in full force and effect until terminated as hereinafter provided.
Effective Period, Termination and Amendment; Interpretive and Additional Provisions. (a) This Agreement shall become effective as of the date hereof and shall continue in full force and effect until terminated as hereinafter provided. This Agreement may be terminated by any party by giving written notice to the other parties, such termination to take effect no sooner than sixty (60) days after the date of such notice.
Effective Period, Termination and Amendment; Interpretive and Additional Provisions. The Servicer's appointment as Custodian will become effective as of the Cutoff Date and will continue in full force and effect until terminated as herein provided. The appointment of the Servicer as Custodian may be terminated by either party hereto by written notice to the other party, such termination to take effect no sooner than sixty (60) days after the date of such notice. Notwithstanding the foregoing, if Wells Fargo resigns as Servicer in accordance with the provisions of xxxx Agreement or if all of the rights and obligations of the Servicer are terminated under Section 6.2, the appointment of the Servicer as Custodian hereunder may be terminated in the same manner as the Servicer may be terminated under Section 6.2. As soon as practicable after any termination under this Section 2.2, the Custodian will deliver to the Purchaser, or the Purchaser's designee, the Receivable Files and the related accounts and records maintained by the Custodian at such place or places as the Purchaser may reasonably designate, at the expense of (i) the Custodian, if the Custodian resigns, if a Servicer Termination Event has occurred and is continuing or if the long-term unsecured senior debt rating of the Servicer is withdrawn or reduced below "A2" by Moody's or "A" by Standard & Poor's or (ii) the Purchaser, if the Purxxxxxx terminates the Custodian and no Servicer Termination Event has occurred.
Effective Period, Termination and Amendment; Interpretive and Additional Provisions. The Servicer’s appointment as Custodian will become effective as of the Cutoff Date and will continue in full force and effect until terminated as herein provided. The appointment of the Servicer as Custodian may be terminated by either Party by written notice to the other Party, such termination to take effect no sooner than sixty (60) days after the date of such notice. Notwithstanding the foregoing, if GMAC resigns as Servicer in accordance with the provisions of this Agreement or if all of the rights and obligations of the Servicer are terminated under Section 6.2, the appointment of the Servicer as Custodian hereunder may be terminated by the Master Servicer. As soon as practicable after any termination under this Section 2.2, the Custodian at its expense will deliver to the Master Servicer, or the Master Servicer’s designee, the Receivable Files and the related accounts and records maintained by the Custodian at such place or places as the Master Servicer may reasonably designate.
