Events of Servicing Termination. If any one of the following events ("Events of Servicing Termination") shall occur and be continuing:
Events of Servicing Termination. (a) The occurrence of any one of the following events shall constitute an event of servicing termination hereunder (each, an “Event of Servicing Termination”):
Events of Servicing Termination. 38 Section 6.02. Indenture Trustee to Act; Appointment of Successor..............................40 Section 6.03. Notification to Noteholders and the Transferor..................................41
Events of Servicing Termination. (a) The Trustee or the Certificate Insurer (or the Owners pursuant to Section 6.11 hereof) may remove the Servicer (including any successor entity serving as the Servicer) upon the occurrence of any of the following events:
Events of Servicing Termination. 62 SECTION 9.2. Appointment of Successor.......................................................................64 SECTION 9.3. Payment of Servicing Fee; Repayment of Advances................................................64 SECTION 9.4. Notification to Certificateholders.............................................................64 SECTION 9.5. Waiver of Past Events of Servicing Termination.................................................65 ARTICLE X The Trustee
Events of Servicing Termination. (a) The occurrence of any one of the following events shall constitute an event of servicing termination hereunder (each, an "Event of Servicing Termination"): (i) Any failure by the Servicer to deliver to the Owner Trustee or the Indenture Trustee the Servicer's Certificate for any Collection Period, which shall continue beyond the earlier of three (3) Business Days from the date such Servicer's Certificate was due to be delivered and the related Payment Date, or any failure by the Servicer to make any required payment or deposit under this Agreement, which shall continue unremedied for a period of five (5) Business Days following the due date therefor (or, in the case of a payment or deposit to be made no later than a Payment Date, the failure to make such payment or deposit by such Payment Date); or (ii) Any failure on the part of the Servicer duly to observe or to perform in any material respect any other covenant or agreement set forth in the Notes, the Certificates, or in this Agreement, which failure shall materially and adversely affect the rights of Noteholders or Certificateholders and continue unremedied for a period of thirty (30) days after the date on which written notice of such failure, requiring the same to be remedied, shall have been given to the Servicer by the Owner Trustee or the Indenture Trustee or to the Owner Trustee, the Indenture Trustee, the Seller and the Servicer by the Holders of Notes or Certificates, as applicable, evidencing not less than 25% of the principal balance of the then Outstanding Notes, in the aggregate, or 25% of the Certificate Balance; or (iii) The entry of a decree or order by a court or agency or supervisory authority of competent jurisdiction for the appointment of a conservator, receiver, liquidator or trustee for the Seller or the Servicer in any bankruptcy, insolvency, readjustment of debt, marshalling of assets and liabilities, or similar proceedings, or for the winding up or liquidation of its affairs, and any such decree or order continues unstayed and in effect for a period of sixty (60) consecutive days; or (iv) The consent by the Seller or the Servicer to the appointment of a conservator, receiver, liquidator or trustee in any bankruptcy, insolvency, readjustment of debt, marshalling of assets and liabilities, or similar proceedings of or relating to the Seller or the Servicer or relating to substantially all of its property, the admission in writing by the Servicer of its inability to pay its de...
Events of Servicing Termination. Section 6.02. Indenture Trustee to Act; Appointment of Successor.
Events of Servicing Termination. Section 12.1 Events of Servicing Termination.............................50 Section 12.2 Trustee to Act; Appointment of Successor....................52 Section 12.3
Events of Servicing Termination. The Purchaser may terminate all of the rights and obligations of the Servicer under this Agreement, by notice to the Servicer, if any one or more of the following events ("EVENTS OF SERVICING TERMINATION") occurs and is continuing:
Events of Servicing Termination. 56 Section 8.02. Trustee to Act; Appointment of Successor.............................................58
