Servicer Default. The delivery of a notice of termination pursuant to Section 4.1(c) of the Basic Servicing Agreement following a Facility Servicer Event of Default (unless, in the case of this clause (ii), a Successor Servicer has accepted its appointment on or before the date specified in such notice of termination pursuant to Section 4.1(f) of the Basic Servicing Agreement)
Appears in 22 contracts
Samples: Credit and Security Agreement (ACAR Leasing Ltd.), Credit and Security Agreement (ACAR Leasing Ltd.), Credit and Security Agreement (GM Financial Automobile Leasing Trust 2017-1)
Servicer Default. The delivery of a notice of termination pursuant to Section 4.1(c) of the Basic Servicing Agreement following a Facility Servicer Event of Default (unless, in the case of this clause (ii), a Successor Servicer has accepted its appointment on or before the date specified in such notice of termination pursuant to Section 4.1(f) of the Basic Servicing Agreement);
Appears in 22 contracts
Samples: Credit and Security Agreement (GM Financial Automobile Leasing Trust 2017-2), Credit and Security Agreement (GM Financial Automobile Leasing Trust 2017-3), Credit and Security Agreement (GM Financial Automobile Leasing Trust 2016-1)
