Effectiveness of Resignation or Removal. No resignation or removal of Vendor will be effective until the successor Vendor has executed and delivered to Issuer, Seller, Synchrony Financial, Servicer and Transferor an agreement accepting its engagement and agreeing to perform the obligations of Vendor under this Agreement or entering into a new agreement with Issuer, Servicer, Seller, Synchrony Financial and Transferor on substantially the same terms as this Agreement.
Appears in 2 contracts
Sources: Asset Representations Review Agreement (Synchrony Credit Card Master Note Trust), Asset Representations Review Agreement (Synchrony Credit Card Master Note Trust)
Effectiveness of Resignation or Removal. No resignation or removal of Vendor will be effective until the successor Vendor has executed and delivered to Issuer, Seller, Synchrony FinancialBank, Servicer and Transferor an agreement accepting its engagement and agreeing to perform the obligations of Vendor under this Agreement or entering into a new agreement with Issuer, Servicer, Seller, Synchrony Financial Bank and Transferor on substantially the same terms as this Agreement.
Appears in 2 contracts
Sources: Asset Representations Review Agreement (Synchrony Card Issuance Trust), Asset Representations Review Agreement (Synchrony Card Issuance Trust)