No Resignation. The Servicer will not resign as Servicer under this Agreement unless it determines it is legally unable to perform its obligations under this Agreement. The Servicer will notify the Issuer, the Owner Trustee and the Indenture Trustee of its resignation as soon as practicable after it determines it is required to resign, together with an Opinion of Counsel supporting its determination. The Issuer will promptly notify the Rating Agencies of any resignation of the Servicer.
Appears in 43 contracts
Samples: Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2016-C), Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2020-B), Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2022-C)
No Resignation. The Servicer will not resign as Servicer under this Agreement or any Servicing Supplement unless it determines it is legally unable to perform its obligations under this AgreementAgreement or the Servicing Supplement. The Servicer will notify the Issuereach Titling Company, the Owner Trustee Collateral Agent and the Indenture Trustee Administrative Agent of its resignation as soon as practicable after it determines it is required to resign, together with including an Opinion of Counsel supporting its determination. The Issuer will promptly notify the Rating Agencies of any resignation of the Servicer.
Appears in 6 contracts
Samples: Servicing Agreement (CAB East LLC), Servicing Agreement, Fourth Amended and Restated Servicing Agreement (CAB East LLC)
No Resignation. The Servicer will not resign as Servicer under this Agreement unless it determines it is legally unable to perform its obligations under this Agreement. The Servicer will notify the Issuer, the Owner Trustee and the Indenture Trustee of its resignation as soon as practicable after it determines it is required to resign, together with an Opinion of Counsel supporting its determination. The Issuer will promptly notify the Rating Agencies of any resignation of the Servicer.this
Appears in 3 contracts
Samples: Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2020-A), Sale and Servicing Agreement (Ford Credit Auto Receivables Two LLC), Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2020-A)
