Successor Servicer and Administrator. The Issuing Entity shall undertake, as promptly as possible after the giving of notice of termination to the Servicer of the Servicer’s rights and powers pursuant to Section 7.02 of the Servicing Agreement, to enforce the provisions of Sections 7.02, 7.03 and 7.04 of the Servicing Agreement with respect to the appointment of a successor Servicer. Such successor Servicer shall, upon compliance with Sections 10(e)(ii) and 10(e)(iii), become the successor Administrator hereunder.
Appears in 78 contracts
Samples: Administration Agreement (Ally Auto Receivables Trust 2011-5), Administration Agreement (Ally Auto Receivables Trust 2017-2), Administration Agreement (Ally Auto Receivables Trust 2016-2)
Successor Servicer and Administrator. The Issuing Entity shall undertake, as promptly as possible after the giving of notice of termination to the Servicer of the Servicer’s rights and powers pursuant to Section 7.02 of the Trust Sale and Servicing Agreement, to enforce the provisions of Sections 7.02, 7.03 and 7.04 of the Trust Sale and Servicing Agreement with respect to the appointment of a successor Servicer. Such successor Servicer shall, upon compliance with Sections 10(e)(ii) and 10(e)(iii), become the successor Administrator hereunder.
Appears in 48 contracts
Samples: Administration Agreement (Ally Auto Receivables Trust 2010-1), Administration Agreement (Capital Auto Receivables LLC), Administration Agreement (Capital Auto Receivables Asset Trust 2007-3)
Successor Servicer and Administrator. The Issuing Entity Indenture Trustee shall undertake, as promptly as possible after the giving of notice of termination to the Servicer of the Servicer’s rights and powers pursuant to Section 7.02 of the Servicing Agreement, to enforce the provisions of Sections 6.06, 7.02, 7.03 and 7.04 of the Servicing Agreement with respect to the appointment of a successor Servicer. Such successor Servicer shall, upon compliance with Sections 10(e)(ii) and 10(e)(iii(iii), become the successor Administrator hereunder.
Appears in 3 contracts
Samples: Administration Agreement (Navistar Financial Retail Rec Corp Navistar Fin 04 a Own Tr), Administration Agreement (Navistar Financial 2004-B Owner Trust), Administration Agreement (Navistar Financial 2005-a Owner Trust)
Successor Servicer and Administrator. The Issuing Entity shall undertake, as promptly as possible after the giving of notice of termination to the Servicer of the Servicer’s 's rights and powers pursuant to Section 7.02 8.2 of the Trust Sale and Servicing Agreement, to enforce the provisions of Sections 7.028.2, 7.03 8.3 and 7.04 8.4 of the Trust Sale and Servicing Agreement with respect to the appointment of a successor Servicer. Such successor Servicer shall, upon compliance with Sections 10(e)(ii) and 10(e)(iii(iii), become the successor Administrator hereunder.
Appears in 2 contracts
Samples: Wholesale Auto Receivables LLC, SWIFT Master Auto Receivables Trust
Successor Servicer and Administrator. The Issuing Entity shall undertake, as promptly as possible after the giving of notice of termination to the Servicer of the Servicer’s rights and powers pursuant to Section 7.02 8.2 of the Trust Sale and Servicing Agreement, to enforce the provisions of Sections 7.028.2, 7.03 8.3 and 7.04 8.4 of the Trust Sale and Servicing Agreement with respect to the appointment of a successor Servicer. Such successor Servicer shall, upon compliance with Sections 10(e)(ii) and 10(e)(iii(iii), become the successor Administrator hereunder.
Appears in 2 contracts
Samples: Administration Agreement (Wholesale Auto Receivables Corp), Administration Agreement (Superior Wholesale Inventory Financing Trust 2007-Ae-1)
Successor Servicer and Administrator. The Issuing Entity Indenture Trustee shall undertake, as promptly as possible after the giving of notice of termination to the Servicer of the Servicer’s 's rights and powers pursuant to Section 7.02 of the Servicing Agreement, to enforce the provisions of Sections 6.06, 7.02, 7.03 and 7.04 of the Servicing Agreement with respect to the appointment of a successor Servicer. Such successor Servicer shall, upon compliance with Sections 10(e)(ii) and 10(e)(iii(iii), become the successor Administrator hereunder.
Appears in 2 contracts
Samples: Administration Agreement (Navistar Financial Retail Receivables Corporation), Navistar Financial Retail Receivables Corporation
Successor Servicer and Administrator. The Issuing Entity shall undertake, as promptly as possible after the giving of notice of termination to the Servicer of the Servicer’s rights and powers pursuant to Section 7.02 8.2 of the Trust Sale and Servicing Agreement, to enforce the provisions of Sections 7.028.2, 7.03 8.3 and 7.04 8.4 of the Trust Sale and Servicing Agreement with respect to the appointment of a successor Servicer. Such successor Servicer shall, upon compliance with Sections 10(e)(ii10(d)(ii) and 10(e)(iii(iii), become the successor Administrator hereunder.
Appears in 1 contract
Samples: Administration Agreement (Ally Wholesale Enterprises LLC)
Successor Servicer and Administrator. The Issuing Entity Indenture Trustee shall undertake, as promptly as possible after the giving of notice of termination to the Servicer of the Servicer’s 's rights and powers pursuant to Section 7.02 of the Servicing Agreement, to enforce the provisions of Sections 7.02, 7.03 and 7.04 of the Servicing Agreement with respect to the appointment of a successor Servicer. Such successor Servicer shall, upon compliance with Sections 10(e)(ii) and 10(e)(iii(iii), become the successor Administrator hereunder.
Appears in 1 contract
Successor Servicer and Administrator. The Issuing Entity Administrator shall undertake, as promptly as possible after the giving of notice of termination to the Servicer of the Servicer’s 's rights and powers pursuant to Section 7.02 8.02 of the Sale and Servicing Agreement, to enforce the provisions of Sections 7.02, 7.03 and 7.04 of the Servicing Agreement Section 8.02 with respect to the appointment of a successor Servicer. Such successor Servicer shall, upon compliance with Sections 10(e)(ii) and 10(e)(iii), become the successor Administrator hereunder.Such
Appears in 1 contract
Samples: Administration Agreement (Caterpillar Financial Funding Corp)
