Common use of Replacement Servicer Clause in Contracts

Replacement Servicer. For the avoidance of doubt, the Security Trustee shall not be under any obligation to take steps to appoint any replacement Servicer in the event that any such person shall resign or have their appointment terminated in accordance with the terms of any relevant Relevant Documents.

Appears in 1 contract

Sources: Security Trust Deed and Cash Management Agreement

Replacement Servicer. For the avoidance of doubt, the Security Trustee shall not be under any obligation to take steps to appoint any replacement Servicer in the event that any such person shall resign or have their appointment appointments terminated in accordance with the terms of any relevant Relevant Transaction Documents.

Appears in 1 contract

Sources: Security Trust Deed (Turquoise Receivables Trustee LTD)

Replacement Servicer. For the avoidance of doubt, the Security Trustee shall not be under any obligation to take steps to appoint any replacement Servicer in the event that any such person shall resign or have their appointment appointments terminated in accordance with the terms of any relevant Relevant Documents.

Appears in 1 contract

Sources: Security Trust Deed and Cash Management Agreement