Common use of Repayment of Advances Clause in Contracts

Repayment of Advances. If a Successor Servicer replaces the Servicer, the predecessor Servicer shall be entitled to receive reimbursement for all outstanding Advances made by the predecessor Servicer.

Appears in 91 contracts

Samples: Sale and Servicing Agreement (Honda Auto Receivables 2018-4 Owner Trust), Sale and Servicing Agreement (Honda Auto Receivables 2022-1 Owner Trust), Sale and Servicing Agreement (Honda Auto Receivables 2017-2 Owner Trust)

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Repayment of Advances. If a Successor Servicer replaces the Servicer, the predecessor Servicer shall be entitled to receive reimbursement for all outstanding Advances made by the predecessor Servicer.. ARTICLE EIGHT

Appears in 45 contracts

Samples: Sale and Servicing Agreement (Honda Auto Receivables 2021-1 Owner Trust), Sale and Servicing Agreement (Honda Auto Receivables 2024-1 Owner Trust), Sale and Servicing Agreement (Honda Auto Receivables 2020-2 Owner Trust)

Repayment of Advances. If a Successor Servicer replaces the Servicer, the predecessor Servicer shall be entitled to receive reimbursement for Outstanding Advances pursuant to Sections 4.03 and 4.04, in the manner specified in Section 4.06, with respect to all outstanding Advances made by the predecessor Servicer.

Appears in 6 contracts

Samples: Pooling and Servicing Agreement (Toyota Motor Credit Corp), Pooling and Servicing Agreement (Toyota Motor Credit Receivables Corp), Pooling and Servicing Agreement (Toyota Motor Credit Corp)

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Repayment of Advances. If a Successor Servicer replaces the Servicer, the predecessor Servicer shall be entitled to receive reimbursement for all outstanding Advances made by the predecessor Servicer.. 57

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Honda Auto Receivables 2007-2 Owner Trust), Sale and Servicing Agreement (Honda Auto Receivables 2007-1 Owner Trust)

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