Common use of Liability of Depositor; Indemnities Clause in Contracts

Liability of Depositor; Indemnities. 27 Section 5.03. Merger, Consolidation or Assumption of the Obligations of Depositor 29 Section 5.04. Limitation on Liability of Depositor and Others 29 Section 5.05. Depositor Not to Resign 29 Section 5.06. Depositor May Own Securities 29 Section 5.07. Covenants of Depositor 29 ARTICLE SIX THE SERVICER Section 6.01. Representations and Warranties of Servicer 31 Section 6.02. Liability of Servicer; Indemnities 32 Section 6.03. Merger or Consolidation of, or Assumption of the Obligations of Servicer 33 Section 6.04. Limitation on Liability of Servicer and Others. 34 Section 6.05. MBFS USA Not to Resign as Servicer 34 Section 6.06. Servicer May Own Securities 35 Page ARTICLE SEVEN SERVICER TERMINATION EVENTS Section 7.01. Servicer Termination Events 36 Section 7.02. Appointment of Successor Servicer 37 Section 7.03. Effect of Servicing Transfer. 38 Section 7.04. Notification to Noteholders and Rating Agencies 39 Section 7.05. Waiver of Past Servicer Termination Events 39 Section 7.06. Repayment of Advances 39 ARTICLE EIGHT TERMINATION

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Mercedes-Benz Auto Receivables Trust 2016-1), Sale and Servicing Agreement (Mercedes-Benz Auto Receivables Trust 2016-1)

AutoNDA by SimpleDocs

Liability of Depositor; Indemnities. 27 Section 5.03. Merger, Consolidation or Assumption of the Obligations of Depositor 29 Section 5.04. Limitation on Liability of Depositor and Others 29 Section 5.05. Depositor Not to Resign 29 Section 5.06. Depositor May Own Securities 29 Section 5.07. Covenants of Depositor 29 ARTICLE SIX THE SERVICER Section 6.01. Representations and Warranties of Servicer 31 Section 6.02. Liability of Servicer; Indemnities 32 Section 6.03. Merger or Consolidation of, or Assumption of the Obligations of Servicer 33 34 Section 6.04. Limitation on Liability of Servicer and Others. 34 Section 6.05. MBFS USA Not to Resign as Servicer 34 Section 6.06. Servicer May Own Securities 35 Page ARTICLE SEVEN SERVICER TERMINATION EVENTS Section 7.01. Servicer Termination Events 36 Section 7.02. Appointment of Successor Servicer 37 38 Section 7.03. Effect of Servicing Transfer. 38 Section 7.04. Notification to Noteholders and Rating Agencies 39 Section 7.05. Waiver of Past Servicer Termination Events 39 Section 7.06. Repayment of Advances 39 ARTICLE EIGHT TERMINATIONEIGHT

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Mercedes-Benz Auto Receivables Trust 2019-1), Sale and Servicing Agreement (Mercedes-Benz Auto Receivables Trust 2019-1)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.