Eligible Servicer. Seller meets the eligibility requirements of a servicer and a subservicer under the terms of each Servicing Agreement and Underlying Document.
Eligible Servicer. The Trustee hereby agrees that, in ----------------- the event that it appoints an Eligible Servicer as Successor Servicer pursuant to Section 10.02 of the Agreement, such Eligible Servicer shall have a long term debt rating of at least A by Standard & Poor's and A2 by Xxxxx'x; provided, -------- however, that if the Trustee has a long term debt rating of at least A by ------- Standard & Poor's and A2 by Xxxxx'x, such Eligible Servicer need have only a long term debt rating of BBB- by Standard & Poor's and Baa3 by Xxxxx'x.
Eligible Servicer. The Trustee hereby agrees that, in ----------------- the event that it appoints an Eligible Servicer as Successor Servicer pursuant to Section 10.02 of the Agreement, such Eligible Servicer shall have a long term debt rating of at least A by Standard & Poor's and A2 by Moody's; provided, -------- however, that if the Trustee has a long term debt rating of at least A by ------- Standard & Poor's and A2 by Moody's, such Eligible Servicer need have only a long term debt rating of BBB- by Standard & Poor's and Baa3 by Moody's.
Eligible Servicer. The Seller is now and has always been, an “eligible servicer” under the provisions of the FFELP program and has at times caused the Trust Student Loans and Financed Student Loans to be serviced by an “eligible servicer.”
Eligible Servicer. 49 SECTION 12.
Eligible Servicer. 18 Issuer.............................................22
Eligible Servicer. 4 ERISA . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
Eligible Servicer. Fleet is an Eligible Servicer.
Eligible Servicer. Any corporation (i) into which AmeriCredit may be merged or consolidated, (ii) resulting from any merger or consolidation to which AmeriCredit shall be a party, (iii) which acquires by conveyance, transfer, or lease substantially all of the assets of AmeriCredit, or (iv) succeeding to the business of AmeriCredit, in any of the foregoing cases shall execute an agreement of assumption to perform every obligation of AmeriCredit under this Agreement and, whether or not such assumption agreement is executed, shall be the successor to AmeriCredit under this Agreement without the execution or filing of any paper or any further act on the part of any of the parties to this Agreement, anything in this Agreement to the contrary notwithstanding; provided, however, that nothing contained herein shall be deemed to release AmeriCredit from any obligation. AmeriCredit shall provide notice of any merger, consolidation or succession pursuant to this Section to the Owner Trustee, the Trust Collateral Agent, the Noteholders, the Insurer and each Rating Agency. Notwithstanding the foregoing, AmeriCredit shall not merge or consolidate with any other Person or permit any other Person to become a successor to AmeriCredit’s business, unless (x) immediately after giving effect to such transaction, no representation or warranty made pursuant to Section 4.6 shall have been breached (for purposes hereof, such representations and warranties shall speak as of the date of the consummation of such transaction) and no event that, after notice or lapse of time, or both, would become an Insurance Agreement Event of Default shall have occurred and be continuing, (y) AmeriCredit shall have delivered to the Owner Trustee, the Trust Collateral Agent, Trustee, Backup Servicer and Collateral Agent, the Rating Agencies and the Insurer an Officer’s Certificate and an Opinion of Counsel each stating that such consolidation, merger or succession and such agreement of assumption comply with this Section and that all conditions precedent, if any, provided for in this Agreement relating to such transaction have been complied with, and (z) AmeriCredit shall have delivered to the Owner Trustee, the Trust Collateral Agent, the Trustee, the Backup Servicer, the Collateral Agent, the Rating Agencies and the Insurer an Opinion of Counsel, stating in the opinion of such counsel, either (A) all financing statements and continuation statements and amendments thereto have been executed and filed that are necessar...
Eligible Servicer. HFC is an Eligible Servicer (as that term is defined in the Master Trust Agreement).
