Remedies Available to Collateral Agent. (a) To the fullest extent permitted by applicable law and subject to Article V hereof, if the Master Servicer shall have been terminated upon the occurrence of any Servicer Default pursuant to Section 8.01 of the Sale and Servicing Agreement, then in every such case, the Collateral Agent may, to the extent permitted by applicable law and subject to Article V hereof, exercise the following rights, privileges and remedies:
Appears in 15 contracts
Samples: Indemnity and Pledge Agreement (WFS Receivables Corp), Insurance, Indemnity and Pledge Agreement (WFS Financial 1997-B Owner Trust), Insurance, Indemnity and Pledge Agreement (WFS Receivables Corp 2)
Remedies Available to Collateral Agent. (a) To the fullest extent permitted by applicable law and subject to Article V hereof, if the Master Servicer shall have been terminated upon the occurrence of any Servicer Default pursuant to Section 8.01 of the Sale and Servicing Agreement, then in every such case, the Collateral Agent may, to the extent permitted by applicable law and subject to Article V hereof, exercise the following rights, privileges and remedies:to
Appears in 2 contracts
Samples: Insurance, Indemnity and Pledge Agreement (WFS Receivables Corp), Insurance, Indemnity and Pledge Agreement (WFS Receivables Corp 2)
