Common use of Servicer Default Clause in Contracts

Servicer Default. 39 Section 8.02 Appointment of Successor...................................................................40 Section 8.03 Notification to Noteholders and Certificateholders.........................................41 Section 8.04 Waiver of Past Defaults....................................................................41

Servicer Default. 39 Section 8.02 56 SECTION 7.02. Appointment of Successor...................................................................40 Section 8.03 Notification to Noteholders and Certificateholders.........................................41 Section 8.04 .................................. 59 SECTION 7.03. Waiver of Past Defaults....................................................................41................................... 60 SECTION 7.04.

Servicer Default. 39 13 Section 8.02 5.02. Appointment of Successor...................................................................40 .......................................14 Section 8.03 5.03. Notification to Noteholders and Certificateholders.........................................41 Noteholders....................................15 Section 8.04 5.04. Waiver of Past Defaults....................................................................41........................................15

Servicer Default. 39 Section 8.02 Appointment of Successor.....................................................................................................................40 Section 8.03 Notification to Noteholders and Certificateholders.................................................................41 Section 8.04 Waiver of Past Defaults.......................................................................................................................41

Servicer Default. 39 Section 8.02 38 SECTION 8.02. Appointment of Successor...................................................................40 Section 8.03 ..............................................39 SECTION 8.03. Notification to Noteholders and Certificateholders.........................................41 Section 8.04 ....................40 SECTION 8.04. Waiver of Past Defaults....................................................................41...............................................40 ARTICLE IX Termination

Servicer Default. 39 15 Section 8.02 5.2 Appointment of Successor...................................................................40 ............................................................................16 Section 8.03 5.3 Notification to Noteholders and Certificateholders.........................................41 Noteholders.........................................................................17 Section 8.04 5.4 Waiver of Past Defaults....................................................................41.............................................................................17 ARTICLE VI

Servicer Default. 39 16 Section 8.02 5.2 Appointment of Successor...................................................................40 ......................................18 Section 8.03 5.3 Notification to Noteholders and Certificateholders.........................................41 Noteholders...................................19 Section 8.04 5.4 Waiver of Past Defaults....................................................................41.......................................19 Article VI

Servicer Default. 39 Section 8.02 Appointment of Successor.....................................................................................................................40 Section 8.03 Notification to Noteholders and Certificateholders.........................................41 Section 8.04 Waiver of Past Defaults............................................................................................41

Servicer Default. 39 Section 8.02 49 SECTION 8.2 Appointment of Successor...................................................................40 Section 8.03 ..............................................................50 SECTION 8.3 [RESERVED]............................................................................51 SECTION 8.4 Notification to Noteholders and Certificateholders.........................................41 Section 8.04 ....................................51 SECTION 8.5 Waiver of Past Defaults....................................................................41...............................................................51

Servicer Default. 39 21 Section 8.02 7.02. Appointment of Successor...................................................................40 .................................................... 22 Section 8.03 Notification to Noteholders and Certificateholders.........................................41 Section 8.04 7.03. Waiver of Past Defaults....................................................................41..................................................... 23

Servicer Default. 39 21 Section 8.02 7.02. Appointment of Successor...................................................................40 ....................................................22 Section 8.03 Notification to Noteholders and Certificateholders.........................................41 Section 8.04 7.03. Waiver of Past Defaults....................................................................41.....................................................23

Servicer Default. 39 16 Section 8.02 5.2 Appointment of Successor...................................................................40 ......................................17 Section 8.03 5.3 Notification to Noteholders and Certificateholders.........................................41 Noteholders...................................18 Section 8.04 5.4 Waiver of Past Defaults....................................................................41.......................................18 Article VI

Servicer Default. 39 Section 8.02 27 SECTION 7.02. Appointment of Successor...................................................................40 Section 8.03 Notification to Noteholders and Certificateholders.........................................41 Section 8.04 .................................29 SECTION 7.03. Waiver of Past Defaults....................................................................41..................................30 SECTION 7.04. Notice of Servicer Default...............................30 SECTION 7.05. Cooperation with Successor...............................30

Servicer Default. 39 Section 8.02 Appointment 17 SECTION 7.02. Notice of Successor...................................................................40 Section 8.03 Notification to Noteholders and Certificateholders.........................................41 Section 8.04 Servicer Default.................................................................19 SECTION 7.03. Waiver of Past Defaults....................................................................4119 SECTION 7.04. Appointment of Successor...................................................................19 SECTION 7.05. Cooperation with Successor.................................................................20

Servicer Default. 39 Section 8.02 47 SECTION 8.02. Appointment of Successor...................................................................40 Section 8.03 Successor ...................................... 49 SECTION 8.03. Notification to Noteholders and Certificateholders.........................................41 Section 8.04 Certificateholders ............ 50 SECTION 8.04. Waiver of Past Defaults....................................................................41Defaults ....................................... 50 ARTICLE IX Termination

Servicer Default. 39 Section 8.02 51 SECTION 8.2. Appointment of Successor...................................................................40 Section 8.03 ................................................................... 53 SECTION 8.3. Notification to Noteholders Noteholders, Certificateholders and Certificateholders.........................................41 Section 8.04 Backup Servicer........................ 54 SECTION 8.4. Waiver of Past Defaults....................................................................41.................................................................... 54 ARTICLE VIII-A THE BACKUP SERVICER............................................................................. 54

Servicer Default. 39 Section 8.02 SECTION 8.02. Appointment of Successor......................................................................................................40 Section 8.03 SECTION 8.03. Notification to Noteholders and Certificateholders..................................................41 Section 8.04 SECTION 8.04. Waiver of Past Defaults........................................................................................................41

Servicer Default. 39 Section 8.02 SECTION 8.02. Appointment of Successor...................................................................Successor ............................... 40 Section 8.03 SECTION 8.03. Notification to Noteholders and Certificateholders.........................................Certificateholder ...... 41 Section 8.04 SECTION 8.04. Waiver of Past Defaults....................................................................41Defaults ................................ 41 SECTION 8.05. Appointment of Custodians .............................. 42

Servicer Default. 39 Section 8.02 73 SECTION 8.2. Appointment of Successor...................................................................40 Section 8.03 ...............................73 SECTION 8.3. [RESERVED].............................................75 SECTION 8.4. Notification to Noteholders and Certificateholders.........................................41 Section 8.04 .....................................76 SECTION 8.5. Waiver of Past Defaults....................................................................41................................76 ARTICLE IX

Servicer Default. 39 17 Section 8.02 5.2 Appointment of Successor...................................................................40 ................................................................. 18 Section 8.03 5.3 Notification to Noteholders and Certificateholders.........................................41 Noteholders.............................................................. 19 Section 8.04 5.4 Waiver of Past Defaults....................................................................41.................................................................. 19 Section 6.1 Amendment................................................................................ 19 Section 6.2 Notices.................................................................................. 20 Section 6.3 Counterparts............................................................................. 22 Section 6.4 Entire Agreement; Severability........................................................... 22 Section 6.5 Governing Law............................................................................ 22 Section 6.6

Servicer Default. 39 Section 8.02 46 SECTION 8.02. Appointment of Successor...................................................................40 Section 8.03 Successor .................................... 47 SECTION 8.03. Notification to Noteholders and Certificateholders.........................................41 Section 8.04 Certificateholders Waiver of Past Defaults....................................................................41Defaults .................. 49 SECTION 8.04. Waiver of Past Defaults ..................................... 49

Servicer Default. 39 42 Section 8.02 Appointment of Successor...................................................................40 .....................................44 Section 8.03 Notification to Noteholders and Certificateholders.........................................41 ...........44 Section 8.04 Waiver of Past Defaults....................................................................41......................................44

Servicer Default. 39 13 Section 8.02 5.02. Appointment of Successor...................................................................40 ........................................14 Section 8.03 5.03. Notification to Noteholders and Certificateholders.........................................41 Noteholders.....................................15 Section 8.04 5.04. Waiver of Past Defaults....................................................................41.........................................15

Servicer Default. 39 Section 8.02 42 SECTION 8.02. Appointment of Successor...................................................................40 Section 8.03 ................................. 43 SECTION 8.03. Notification to Noteholders and Certificateholders.........................................41 Section 8.04 Noteholders.............................. 44 SECTION 8.04. Waiver of Past Defaults....................................................................41.................................. 44 ARTICLE IX EARLY AMORTIZATION EVENTS; OPTIONAL PURCHASE

Servicer Default. 39 Section 8.02 42 SECTION 8.02. Appointment of Successor...................................................................40 Section 8.03 ................................................ 43 SECTION 8.03. Notification to Noteholders and Certificateholders.........................................41 Section 8.04 ...................... 44 SECTION 8.04. Waiver of Past Defaults....................................................................41................................................. 44 PAGE ---- ARTICLE IX Termination

Servicer Default. 39 22 Section 8.02 7.02 Appointment of Successor...................................................................40 ..................................................... 24 Section 8.03 Notification to Noteholders and Certificateholders.........................................41 Section 8.04 7.03 Waiver of Past Defaults....................................................................41...................................................... 24 Section 7.04 Notice of Servicer Default................................................... 25

Servicer Default. 39 Section 8.02 40 SECTION 8.02. Appointment of Successor...................................................................40 Section 8.03 ............................41 SECTION 8.03. Notification to Noteholders and Certificateholders.........................................41 Section 8.04 ..................................42 SECTION 8.04. Waiver of Past Defaults....................................................................41.............................42 ARTICLE IX Termination

Servicer Default. 39 19 Section 8.02 5.2 Appointment of Successor...................................................................40 ..................................................... 21 Section 8.03 5.3 Notification to Noteholders and Certificateholders.........................................41 Noteholders.................................................. 22 Section 8.04 5.4 Waiver of Past Defaults....................................................................41...................................................... 22

Servicer Default. 39 Section 8.02 18 SECTION 6.02. Appointment of Successor...................................................................40 Section 8.03 ................................ 19 SECTION 6.03. Notification to Noteholders and Certificateholders.........................................41 Section 8.04 Noteholders............................. 20 SECTION 6.04. Waiver of Past Defaults....................................................................41................................. 20 ARTICLE VII Termination SECTION 7.01. Termination............................................. 20 ARTICLE VIII

Servicer Default. 39 Section 8.02 46 SECTION 8.02. Appointment of Successor...................................................................40 Section 8.03 .............................. 47 SECTION 8.03. Notification to Noteholders and Certificateholders.........................................41 Section 8.04 .................................... 49 SECTION 8.04. Waiver of Past Defaults....................................................................41............................... 49

Servicer Default. 39 Section 8.02 43 SECTION 7.2. Appointment of Successor...................................................................40 Section 8.03 ..................................44 SECTION 7.3. Payment of Servicing Fee..................................44 SECTION 7.4. Notification to Noteholders and Certificateholders.........................................41 Section 8.04 ........45 SECTION 7.5. Waiver of Past Defaults....................................................................41...................................45

Servicer Default. 39 Section 8.02 40 SECTION 8.02. Appointment of Successor...................................................................40 Section 8.03 ........................................42 SECTION 8.03. Notification to Noteholders and Certificateholders.........................................41 Section 8.04 Certificateholder...............43 SECTION 8.04. Waiver of Past Defaults....................................................................41.........................................43

Servicer Default. 39 14 Section 8.02 5.2 Appointment of Successor...................................................................40 .......................................16 Section 8.03 5.3 Notification to Noteholders and Certificateholders.........................................41 Noteholders....................................16 Section 8.04 5.4 Waiver of Past Defaults....................................................................41........................................17 Section 6.1 Amendment......................................................17 Section 6.2 Notices........................................................18 Section 6.3 Counterparts...................................................18 Section 6.4 Entire Agreement; Severability.................................18 Section 6.5 Governing Law..................................................18 Section 6.6

Servicer Default. 39 19 Section 8.02 5.2 Appointment of Successor...................................................................40 Successor ....................................... 21 Section 8.03 5.3 Notification to Noteholders and Certificateholders.........................................41 .................................... 22 Section 8.04 5.4 Waiver of Past Defaults....................................................................41Defaults ........................................ 22

Servicer Default. 39 19 Section 8.02 5.2 Appointment of Successor...................................................................40 Successor .................................. 21 Section 8.03 5.3 Notification to Noteholders and Certificateholders.........................................41 Certificateholders .................................... 22 Section 8.04 5.4 Waiver of Past Defaults....................................................................41Defaults ................................... 22

Servicer Default. 39 Section 8.02 38 SECTION 8.02. Appointment of Successor...................................................................40 Section 8.03 ..............................................................39 SECTION 8.03. Notification to Noteholders and Certificateholders.........................................41 Section 8.04 ....................................40 SECTION 8.04. Waiver of Past Defaults....................................................................41...............................................................40 ARTICLE IX Termination

Servicer Default. 39 21 Section 8.02 7.02. Appointment of Successor...................................................................40 Successor .............................. 22 Section 8.03 Notification to Noteholders and Certificateholders.........................................41 Section 8.04 7.03. Waiver of Past Defaults....................................................................41Defaults ............................... 23 Section 7.04.

Servicer Default. 39 Section 8.02 24 SECTION 7.02. Appointment of Successor...................................................................40 Section 8.03 Notification to Noteholders and Certificateholders.........................................41 Section 8.04 ..............................................................26 SECTION 7.03. Waiver of Past Defaults....................................................................41...............................................................26 SECTION 7.04. Notice of Servicer Default............................................................27 SECTION 7.05. Cooperation with Successor............................................................27

Servicer Default. 39 6 Section 8.02 5.2 Appointment of Successor...................................................................40 Successor ........................................... 17 Section 8.03 5.3 Notification to Noteholders and Certificateholders.........................................41 ........................................ 18 Section 8.04 5.4 Waiver of Past Defaults....................................................................41Defaults ............................................ 18 ARTICLE VI

Servicer Default. 39 Section 8.02 32 SECTION 8.02. Appointment of Successor...................................................................40 Section 8.03 ...................................................................... 33 SECTION 8.03. Notification to Noteholders and Certificateholders.........................................41 Section 8.04 ............................................ 34 SECTION 8.04. Waiver of Past Defaults....................................................................41....................................................................... 34 ARTICLE IX Termination

Servicer Default. 39 42 Section 8.02 Appointment of Successor...................................................................40 ................................................................... 44 Section 8.03 Notification to Noteholders and Certificateholders.........................................41 ......................................... 44 Section 8.04 Waiver of Past Defaults....................................................................41.................................................................... 44 Section 8.05 Payment of Servicing Fees; Repayment of Advances........................................... 45 ARTICLE IX

Servicer Default. 39 15 Section 8.02 5.2 Appointment of Successor...................................................................40 ......................................................................17 Section 8.03 5.3 Notification to Noteholders and Certificateholders.........................................41 Noteholders...................................................................18 Section 8.04 5.4 Waiver of Past Defaults....................................................................41.......................................................................18 Section 6.1 Amendment.....................................................................................18 Section 6.2 Notices.......................................................................................19 Section 6.3 Counterparts..................................................................................20 Section 6.4 Entire Agreement; Severability................................................................20 Section 6.5

Servicer Default. 39 43 Section 8.02 Appointment of Successor...................................................................40 ..................................................44 Section 8.03 Notification to Noteholders and Certificateholders.........................................41 ........................44 Section 8.04 Waiver of Past Defaults....................................................................41...................................................45

Servicer Default. 39 15 Section 8.02 5.2 Appointment of Successor...................................................................40 ...................................................................... 17 Section 8.03 5.3 Notification to Noteholders and Certificateholders.........................................41 Noteholders................................................................... 17 Section 8.04 5.4 Waiver of Past Defaults....................................................................41....................................................................... 17 Section 6.1 Amendment..................................................................................... 18 Section 6.2 Notices....................................................................................... 19 Section 6.3 Counterparts.................................................................................. 20 Section 6.4 Entire Agreement; Severability................................................................ 20 Section 6.5

Servicer Default. 39 Section 8.02 SECTION 8.02. Appointment of Successor.................................................................................................... 40 Section 8.03 SECTION 8.03. Notification to Noteholders and Certificateholders................................................ 41 Section 8.04 SECTION 8.04. Waiver of Past Defaults....................................................................41.................................. 41 ARTICLE IX Termination

Servicer Default. 39 19 Section 8.02 5.2 Appointment of Successor...................................................................40 Successor .....................................21 Section 8.03 5.3 Notification to Noteholders and Certificateholders.........................................41 Certificateholders .......................................22 Section 8.04 5.4 Waiver of Past Defaults....................................................................41Defaults ......................................22

Servicer Default. 39 Section 8.02 SECTION 8.02. Appointment of Successor.............................................................................................................................40 Section 8.03 SECTION 8.03. Notification to Noteholders and Certificateholders.........................................................................41 Section 8.04 SECTION 8.04. Waiver of Past Defaults...............................................................................................................................41

Servicer Default. 39 Section 8.02 SECTION 8.02. Appointment of Successor...................................................................40 Section 8.03 ............................ 41 SECTION 8.03. Notification to Noteholders and Certificateholders........................................... 41 Section 8.04 SECTION 8.04. Waiver of Past Defaults................................................................................................. 41

Servicer Default. 39 Section 8.02 Appointment of Successor.....................................................................................................40 Section 8.03 Notification to Noteholders and Certificateholders.........................................41 Section 8.04 Waiver of Past Defaults............................................................................................................41

Servicer Default. 39 19 Section 8.02 5.2 Appointment of Successor...................................................................40 Successor .................................... 20 Section 8.03 5.3 Notification to Noteholders and Certificateholders.........................................41 Certificateholders ........................................ 21 Section 8.04 5.4 Waiver of Past Defaults....................................................................41Defaults ..................................... 21 ARTICLE VI

Servicer Default. 39 44 Section 8.02 8.02. Appointment of Successor...................................................................40 ................................................................... 45 Section 8.03 8.03. Notification to Noteholders and Certificateholders.........................................41 Noteholders................................................................ 46 Section 8.04 8.04. Waiver of Past Defaults....................................................................41.................................................................... 46

Servicer Default. 39 Section 8.02 SECTION 8.02. Appointment of Successor................................................................................................... 40 Section 8.03 SECTION 8.03. Notification to Noteholders and Certificateholders............................................... 41 Section 8.04 SECTION 8.04. Waiver of Past Defaults..................................................................................................... 41

Servicer Default. 39 Section 8.02 73 SECTION 8.2. Appointment of Successor...................................................................40 Section 8.03 ...........................73 SECTION 8.3. [RESERVED].........................................76 SECTION 8.4. Notification to Noteholders and Certificateholders.........................................41 Section 8.04 .................................76 SECTION 8.5. Waiver of Past Defaults....................................................................41............................76 ARTICLE IX

Servicer Default. 39 Section 8.02 SECTION 8.02. Appointment of Successor.......................................................................................................40 Section 8.03 SECTION 8.03. Notification to Noteholders and Certificateholders...................................................41 Section 8.04 SECTION 8.04. Waiver of Past Defaults....................................................................41.....................................41 ARTICLE IX Termination

Servicer Default. 39 Section 8.02 17 SECTION 6.02. Appointment of Successor...................................................................40 Section 8.03 .................................................18 SECTION 6.03. Notification to Noteholders and Certificateholders.........................................41 Section 8.04 Noteholders..............................................19 SECTION 6.04. Waiver of Past Defaults....................................................................41..................................................19

Servicer Default. 39 Section 8.02 SECTION 8.02. Appointment of Successor....................................................................................................40 Section 8.03 SECTION 8.03. Notification to Noteholders and Certificateholders................................................41 Section 8.04 SECTION 8.04. Waiver of Past Defaults......................................................................................................41

Servicer Default. 39 41 -ii- 4 TABLE OF CONTENTS (CONTINUED) PAGE Section 8.02 8.02. Appointment of Successor...................................................................40 .......................................42 Section 8.03 8.03. Notification to Noteholders and Certificateholders.........................................41 Noteholders....................................43 Section 8.04 8.04. Waiver of Past Defaults....................................................................41........................................43

Servicer Default. 39 15 Section 8.02 5.2 Appointment of Successor...................................................................40 ........................................................................... 16 Section 8.03 5.3 Notification to Noteholders and Certificateholders.........................................41 Noteholders........................................................................ 17 Section 8.04 5.4 Waiver of Past Defaults....................................................................41............................................................................ 17 ARTICLE VI

Servicer Default. 39 Section 8.02 43 SECTION 7.2. Appointment of Successor...................................................................40 Section 8.03 ........................44 SECTION 7.3. Payment of Servicing Fee........................44 SECTION 7.4. Notification to Noteholders and Certificateholders.........................................41 Section 8.04 ........................45 SECTION 7.5. Waiver of Past Defaults....................................................................41.........................45

Servicer Default. 39 Section 8.02 SECTION 8.02. Appointment of Successor..................................................................................................... 40 Section 8.03 SECTION 8.03. Notification to Noteholders and Certificateholders................................................. 41 Section 8.04 SECTION 8.04. Waiver of Past Defaults....................................................................................................... 41

Servicer Default. 39 Section 8.02 36 SECTION 8.2. Appointment of Successor...................................................................40 Section 8.03 Successor Servicer........................37 SECTION 8.3. Notification to Noteholders and Certificateholders.........................................41 Section 8.04 .......39 SECTION 8.4. Waiver of Past Defaults....................................................................41..................................39 ARTICLE IX Termination..............................................40 SECTION 9.1. Optional Purchase of All Receivables.....................40

Servicer Default. 39 19 Section 8.02 5.2 Appointment of Successor...................................................................40 .................................. 21 Section 8.03 5.3 Notification to Noteholders and Certificateholders.........................................41 ........ 22 Section 8.04 5.4 Waiver of Past Defaults....................................................................41................................... 22

Servicer Default. 39 17 Section 8.02 5.2 Appointment of Successor...................................................................40 Successor .......................................18 Section 8.03 5.3 Notification to Noteholders and Certificateholders.........................................41 ....................................19 Section 8.04 5.4 Waiver of Past Defaults....................................................................41Defaults ........................................19 Article VI

Servicer Default. 39 15 Section 8.02 5.2 Appointment of Successor...................................................................40 ...................................................................... 16 Section 8.03 5.3 Notification to Noteholders and Certificateholders.........................................41 Noteholders................................................................... 17 Section 8.04 5.4 Waiver of Past Defaults....................................................................41....................................................................... 17 ARTICLE VI

Servicer Default. 39 37 Section 8.02 Appointment of Successor...................................................................40 ...............................38 Section 8.03 Repayment of Advances..................................39 Section 8.04 Notification to Noteholders and Certificateholders.........................................41 .....39 Section 8.04 Waiver of Past Defaults....................................................................418.05

Servicer Default. 39 Section 8.02 43 SECTION 8.02. Appointment of Successor...................................................................40 Section 8.03 .......................................44 SECTION 8.03. Notification to Noteholders and Certificateholders.........................................41 Section 8.04 Certificateholder..............45 SECTION 8.04. Waiver of Past Defaults....................................................................41........................................45 SECTION 8.05. Appointment of Custodians......................................45

Servicer Default. 39 Section 8.02 Appointment of Successor.................................................................................................................................40 Section 8.03 Notification to Noteholders and Certificateholders.............................................................................41 Section 8.04 Waiver of Past Defaults...................................................................................................................................41

Servicer Default. 39 Section 8.02 Appointment of Successor.....................................................................................................40 Section 8.03 Notification to Noteholders and Certificateholders.................................................41 Section 8.04 Waiver of Past Defaults.......................................................................................................41

Servicer Default. 39 Section 8.02 40 SECTION 8.02. Appointment of Successor...................................................................40 Section 8.03 ............................41 SECTION 8.03. Notification to Noteholders and Certificateholders.........................................41 Section 8.04 ..42 SECTION 8.04. Waiver of Past Defaults....................................................................41.............................42 ARTICLE IX Termination

Servicer Default. 39 Section 8.02 Appointment 42 SECTION 6.02. Notice of Successor...................................................................40 Section 8.03 Notification to Noteholders and Certificateholders.........................................41 Section 8.04 Servicer Default.....................................45 SECTION 6.03. Waiver of Past Defaults....................................................................41........................................46 SECTION 6.04. Appointment of Successor.......................................46 SECTION 6.05. Cooperation with Successor.....................................48

Servicer Default. 39 Section 8.02 SECTION 8.02. Appointment of Successor..................................................................................................... 40 Section 8.03 SECTION 8.03. Notification to Noteholders and Certificateholders................................................. 41 Section 8.04 SECTION 8.04. Waiver of Past Defaults....................................................................41................................... 41 ARTICLE IX Termination

Servicer Default. 39 Section 8.02 59 SECTION 8.2 Appointment of Successor...................................................................40 Section 8.03 ........................... 60 SECTION 8.3 [RESERVED]......................................... 61 SECTION 8.4 Notification to Noteholders and Certificateholders.........................................41 Section 8.04 . 61 SECTION 8.5 Waiver of Past Defaults....................................................................41............................ 61 ARTICLE IX Termination

Servicer Default. 39 Section 8.02 Appointment of Successor.....................................................................................................................................................40 Section 8.03 Notification to Noteholders and Certificateholders.................................................................................................41 Section 8.04 Waiver of Past Defaults.......................................................................................................................................................41

Servicer Default. 39 66 Section 8.02 8.2 Appointment of Successor...................................................................40 ......................................68 Section 8.03 8.3 Notification to Noteholders Noteholders, Certificateholders and Certificateholders.........................................41 Backup Servicer..............................................69 Section 8.04 8.4 Waiver of Past Defaults....................................................................41.......................................69 ARTICLE VIII-A THE BACKUP SERVICER

Servicer Default. 39 Section 8.02 49 SECTION 8.02. Appointment of Successor...................................................................40 Section 8.03 ............................... 50 SECTION 8.03. Notification to Noteholders and Certificateholders.........................................41 Section 8.04 Noteholders............................ 51 SECTION 8.04. Waiver of Past Defaults....................................................................41................................ 51 ARTICLE IX EARLY AMORTIZATION EVENTS; OPTIONAL ACQUISITION

Servicer Default. 39 Section 8.02 72 SECTION 8.2. Appointment of Successor...................................................................40 Section 8.03 ...........................74 SECTION 8.3. [RESERVED].........................................75 SECTION 8.4. Notification to Noteholders and Certificateholders.........................................41 Section 8.04 .................................75 SECTION 8.5. Waiver of Past Defaults....................................................................41............................75 ARTICLE IX

Servicer Default. 39 Section 8.02 Appointment 17 SECTION 7.02. Notice of Successor...................................................................40 Section 8.03 Notification to Noteholders and Certificateholders.........................................41 Section 8.04 Servicer Default......................................19 SECTION 7.03. Waiver of Past Defaults....................................................................41.........................................19 SECTION 7.04. Appointment of Successor........................................19 SECTION 7.05. Cooperation with Successor......................................20

Servicer Default. 39 19 Section 8.02 5.2 Appointment of Successor...................................................................40 .................................................... 21 Section 8.03 5.3 Notification to Noteholders and Certificateholders.........................................41 Noteholders................................................. 22 Section 8.04 5.4 Waiver of Past Defaults....................................................................41..................................................... 22

Servicer Default. 39 Section 8.02 48 SECTION 8.02. Appointment of Successor...................................................................40 Section 8.03 ...................................... 49 SECTION 8.03. Notification to Noteholders and Certificateholders.........................................41 Section 8.04 Noteholders................................... 50 SECTION 8.04. Waiver of Past Defaults....................................................................41....................................... 50 ARTICLE IX EARLY AMORTIZATION EVENTS; OPTIONAL ACQUISITION

Servicer Default. 39 19 Section 8.02 5.2 Appointment of Successor...................................................................40 .......................... 21 Section 8.03 5.3 Notification to Noteholders and Certificateholders.........................................41 ............................... 22 Section 8.04 5.4 Waiver of Past Defaults....................................................................41........................... 22

Servicer Default. 39 19 Section 8.02 5.2 Appointment of Successor...................................................................40 ....................................... 21 Section 8.03 5.3 Notification to Noteholders and Certificateholders.........................................41 Noteholders.................................... 22 Section 8.04 5.4 Waiver of Past Defaults....................................................................41........................................ 22

Servicer Default. 39 19 Section 8.02 5.2 Appointment of Successor...................................................................40 Successor ......................................................... 21 Section 8.03 5.3 Notification to Noteholders and Certificateholders.........................................41 ...................................................... 22 Section 8.04 5.4 Waiver of Past Defaults....................................................................41Defaults .......................................................... 22

Servicer Default. 39 15 Section 8.02 5.02 Appointment of Successor...................................................................40 ..................................................................... 16 Section 8.03 5.03 Notification to Noteholders and Certificateholders.........................................41 Noteholders.................................................................. 17 Section 8.04 5.04 Waiver of Past Defaults....................................................................41...................................................................... 17 ARTICLE VI

Servicer Default. 39 32 Section 8.02 Appointment of Successor...................................................................40 ....................................33 Section 8.03 Notification to Noteholders and Certificateholders.........................................41 ..........34 Section 8.04 Waiver of Past Defaults....................................................................41.....................................34 Section 8.05 Payment of Servicing Fees; Repayment of Advances............34

Servicer Default. 39 13 Section 8.02 5.02. Appointment of Successor...................................................................40 ...................................................... 14 Section 8.03 5.03. Notification to Noteholders and Certificateholders.........................................41 Noteholders................................................... 15 Section 8.04 5.04. Waiver of Past Defaults....................................................................41....................................................... 15

Servicer Default. 39 Section 8.02 32 SECTION 8.2. Appointment of Successor...................................................................40 Section 8.03 Successor Servicer...................33 SECTION 8.3. Notification to Noteholders and Certificateholders.........................................41 Section 8.04 ..34 SECTION 8.4. Waiver of Past Defaults....................................................................41.............................35 ARTICLE IX Termination...............................35 SECTION 9.1. Optional Purchase of All Receivables................35

Servicer Default. 39 16 Section 8.02 5.2 Appointment of Successor...................................................................40 ....................................................................... 18 Section 8.03 5.3 Notification to Noteholders and Certificateholders.........................................41 Noteholders.................................................................... 19 Section 8.04 5.4 Waiver of Past Defaults....................................................................41........................................................................ 19 Section 6.1 Amendment...................................................................................... 19 Section 6.2 Notices........................................................................................ 20 Section 6.3 Counterparts................................................................................... 21 Section 6.4 Entire Agreement; Severability................................................................. 22 Section 6.5 Governing Law.................................................................................. 22 Section 6.6

Servicer Default. 39 23 Section 8.02 7.02 Appointment of Successor...................................................................40 .....................................................24 Section 8.03 Notification to Noteholders and Certificateholders.........................................41 Section 8.04 7.03 Waiver of Past Defaults....................................................................41......................................................25 Section 7.04 Notice of Servicer Default...................................................25

Servicer Default. 39 15 Section 8.02 5.2 Appointment of Successor...................................................................40 .................................................................... 16 Section 8.03 5.3 Notification to Noteholders and Certificateholders.........................................41 Noteholders................................................................. 17 Section 8.04 5.4 Waiver of Past Defaults....................................................................41..................................................................... 17 Section 6.1 Amendment................................................................................... 17 Section 6.2 Notices..................................................................................... 18 Section 6.3 Counterparts................................................................................ 19 Section 6.4

Servicer Default. 39 16 Section 8.02 5.2 Appointment of Successor...................................................................40 Successor ............................................................... 17 Section 8.03 5.3 Notification to Noteholders and Certificateholders.........................................41 ............................................................ 18 Section 8.04 5.4 Waiver of Past Defaults....................................................................41Defaults ................................................................ 18 ARTICLE VI

Servicer Default. 39 Section 8.02 50 SECTION 8.2 Appointment of Successor...................................................................40 Section 8.03 .................................. 52 SECTION 8.3 [RESERVED]................................................ 52 SECTION 8.4 Notification to Noteholders and Certificateholders.........................................41 Section 8.04 ........ 52 SECTION 8.5 Waiver of Past Defaults....................................................................41................................... 52

Servicer Default. 39 42 Section 8.02 Appointment of Successor...................................................................40 Successor .................................................... 43 Section 8.03 Notification to Noteholders and Certificateholders.........................................41 Certificateholders .......................... 44 Section 8.04 Waiver of Past Defaults....................................................................41Defaults ..................................................... 44 Section 8.05 Payment of Servicing Fees; Repayment of Advances ............................ 44 ARTICLE IX TERMINATION .............................................................................. 45 Section 9.01 Optional Purchase of All Receivables ........................................ 45

Servicer Default. 39 Section 8.02 Appointment of Successor................................................................................................................................................40 Section 8.03 Notification to Noteholders and Certificateholders.........................................41 Section 8.04 Waiver of Past Defaults.......................................................................................................................41

Servicer Default. 39 19 Section 8.02 5.2 Appointment of Successor...................................................................40 Successor .................................. 21 Section 8.03 5.3 Notification to Noteholders and Certificateholders.........................................41 Certificateholders ...................................... 22 Section 8.04 5.4 Waiver of Past Defaults....................................................................41Defaults ................................... 22

Servicer Default. 39 16 Section 8.02 5.2 Appointment of Successor...................................................................40 ...................................................17 Section 8.03 5.3 Notification to Noteholders and Certificateholders.........................................41 Noteholders................................................18 Section 8.04 5.4 Waiver of Past Defaults....................................................................41....................................................18 Article VI

Servicer Default. 39 Section 42 SECTION 8.02 Appointment of Successor...................................................................40 Section .........................................43 SECTION 8.03 Notification to Noteholders and Certificateholders.........................................41 Section the Certificateholder............44 SECTION 8.04 Waiver of Past Defaults....................................................................41..........................................44

Servicer Default. 39 Section 8.02 SECTION 8.02. Appointment of Successor.........................................................................................40 Section 8.03 SECTION 8.03. Notification to Noteholders and Certificateholders...................................................................41 Section 8.04 SECTION 8.04. Waiver of Past Defaults....................................................................41.......................41 ARTICLE IX Termination

Servicer Default. 39 Section 8.02 32 SECTION 8.2. Appointment of Successor...................................................................40 Section 8.03 Successor Servicer....................33 SECTION 8.3. Notification to Noteholders and Certificateholders.........................................41 Section 8.04 ..................................34 SECTION 8.4. Waiver of Past Defaults....................................................................41..............................35

Servicer Default. 39 Section 8.02 47 SECTION 8.02. Appointment of Successor...................................................................40 Section 8.03 ................................. 48 SECTION 8.03. Notification to Noteholders and Certificateholders.........................................41 Section 8.04 ....... 49 SECTION 8.04. Waiver of Past Defaults....................................................................41.................................. 49

Servicer Default. 39 Section 8.02 40 SECTION 8.02. Appointment of Successor...................................................................40 Section 8.03 ....................................41 SECTION 8.03. Notification to Noteholders and Certificateholders.........................................41 Section 8.04 ..........42 SECTION 8.04. Waiver of Past Defaults....................................................................41.....................................42 ARTICLE IX Termination