Common use of Servicer and Backup Servicer Not to Resign Clause in Contracts

Servicer and Backup Servicer Not to Resign. (a) Subject to the provisions of Section 7.04, neither the Servicer nor any Backup Servicer shall resign from the obligations and duties imposed on it by this Agreement, except upon a determination that the performance of its duties under this Agreement shall no longer be permissible under Applicable Law.

Servicer and Backup Servicer Not to Resign. (a) Subject to the provisions of Section 7.04, neither the Servicer nor any the Backup Servicer shall resign from the obligations and duties imposed on it by this Agreement, except upon a determination that the performance of its duties under this Agreement shall no longer be permissible under Applicable Law.

Servicer and Backup Servicer Not to Resign. (a) Subject to the provisions of Section 7.047.03(a), neither the Servicer nor any Backup Servicer shall not resign from the obligations and duties imposed on it by this Agreement, Agreement as Servicer except upon a determination that the performance of its duties under this Agreement shall no longer be permissible under Applicable Lawapplicable law.

Servicer and Backup Servicer Not to Resign. (a) Subject to the provisions of Section 7.047.2, neither the Servicer nor any the Backup Servicer shall resign from the obligations and duties imposed on it by this Agreement, Agreement as Servicer or Backup Servicer except upon a determination that by reason of a change in legal requirements the performance of its duties under this Agreement shall no longer be permissible under Applicable Law.Agreement