Common use of Successor Servicer and Administrator Clause in Contracts

Successor Servicer and Administrator. The Issuer 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 (iii), become the successor Administrator hereunder.

Appears in 14 contracts

Samples: Administration Agreement (Capital Auto Receivables Inc), Administration Agreement (Capital Auto Receivables Inc), Administration Agreement (Central Originating Lease Trust)

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Successor Servicer and Administrator. The Issuer 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 (iii), become the successor Administrator hereunder.

Appears in 7 contracts

Samples: Administration Agreement (Wholesale Auto Receivables Corp), Administration Agreement (Wholesale Auto Receivables Corp), Administration Agreement (Ace Securities Corp)

Successor Servicer and Administrator. The Issuer 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 8.02 of the Trust Sale Pooling and Servicing Agreement, to enforce the provisions of Sections 7.028.02, 7.03 8.03 and 7.04 8.04 of the Trust Sale Pooling and Servicing Agreement with respect to the appointment of a successor Servicer. Such successor Servicer shall, upon compliance with Sections 10(e)(ii) and (iii), become the successor Administrator hereunder.

Appears in 6 contracts

Samples: Administration Agreement (Navistar Financial Retail Receivables Corporation), Administration Agreement (Navistar Financial Retail Receivables Corporation), Administration Agreement (Navistar Financial Retail Receivables Corporation)

Successor Servicer and Administrator. The Issuer 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 (iii), become the successor Administrator hereunder.

Appears in 5 contracts

Samples: Administration Agreement (Superior Wholesale Inventory Financing Trust X), Administration Agreement (Superior Wholesale Inventory Financing Trust Xi), Administration Agreement (Superior Wholesale Inventory Financing Trust Ix)

Successor Servicer and Administrator. The Issuer 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 8.1 of the Trust Sale and Servicing Agreement, to enforce the provisions of Sections 7.028.1, 7.03 8.2 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 (iii), become the successor Administrator hereunder.

Appears in 1 contract

Samples: Administration Agreement (First Security Bank Na)

Successor Servicer and Administrator. The Issuer 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 9.02 of the Trust Sale Pooling and Servicing Agreement, to cause the other parties thereto to enforce the provisions of Sections 7.029.02, 7.03 9.03 and 7.04 9.04 of the Trust Sale Pooling and Servicing Agreement with respect to the appointment of a successor Servicer. Such successor Servicer shall, upon compliance with Sections 10(e)(ii) and (iii)) of this Agreement, become the successor Administrator hereunder.

Appears in 1 contract

Samples: Administration Agreement (Alliance Laundry Systems LLC)

Successor Servicer and Administrator. The Issuer 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 (iii10(e)(iii), become the successor Administrator hereunder.

Appears in 1 contract

Samples: Capital Auto Receivables Asset Trust 2006-1

Successor Servicer and Administrator. The Issuer 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 SECTION 8.2 of the Trust Sale and Servicing Agreement, to enforce the provisions of Sections 7.02SECTIONS 8.2, 7.03 and 7.04 8.3 AND 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)(iiSECTIONS 10(E)(II) and AND (iiiIII), become the successor Administrator hereunder.. admin-v5.fin

Appears in 1 contract

Samples: Administration Agreement (Wholesale Auto Receivables Corp)

Successor Servicer and Administrator. The Issuer 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 9.02 of the Trust Sale Pooling and Servicing Agreement, to cause the other parties thereto to enforce the provisions of Sections 7.029.02, 7.03 9.03 and 7.04 9.04 of the Trust Sale Pooling and Servicing Agreement with respect to the appointment of a successor Servicer. Such successor Servicer shall, upon compliance with Sections 10(e)(ii) and (iii), become the successor Administrator hereunder.

Appears in 1 contract

Samples: Alliance Laundry Corp

Successor Servicer and Administrator. The Issuer 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 7.1 of the Trust Sale and Servicing Agreement, to enforce the provisions of Sections 7.02, 7.03 7.1 and 7.04 7.2 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 (iii), become the successor Administrator hereunder.

Appears in 1 contract

Samples: Administration Agreement (Wodfi LLC)

Successor Servicer and Administrator. The Issuer shall undertake, as promptly as possible after the giving of notice of termination a Termination Notice to the Servicer of the Servicer's rights and powers pursuant to Section 7.02 7.1(b) of the Trust Sale Pooling and Servicing Agreement, to enforce the provisions of Sections 7.027.1, 7.03 7.2 and 7.04 7.3 of the Trust Sale Pooling and Servicing Agreement with respect to the appointment of a successor Servicer. Such successor Servicer shall, upon compliance with Sections 10(e)(ii) and (iii), become the successor Administrator hereunder.

Appears in 1 contract

Samples: Administration Agreement (Trans Leasing International Inc)

Successor Servicer and Administrator. The Issuer 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 9.02 of the Trust Sale Pooling and Servicing Agreement, to cause the other parties thereto to enforce the provisions of Sections 7.029.02, 7.03 9.03 and 7.04 9.04 of the Trust Sale Pooling and Servicing Agreement with respect to the appointment of a successor Servicer. Such successor Servicer shall, upon compliance with Sections 10(e)(ii) and (iii), become the successor Administrator hereunder.

Appears in 1 contract

Samples: Administration Agreement (Alliance Laundry Systems LLC)

Successor Servicer and Administrator. The Issuer 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 (iii), become the successor Administrator hereunder.

Appears in 1 contract

Samples: Navistar Financial Retail Receivables Corporation

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Successor Servicer and Administrator. The Issuer 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 8.02 of the Trust Sale Pooling and Servicing Agreement, to enforce the provisions of Sections 7.028.02, 7.03 8.03 and 7.04 8.04 of the Trust Sale Pooling and Servicing Agreement with respect to the appointment of a successor Servicer. Such successor Servicer shall, ,. upon compliance with Sections 10(e)(ii) and (iii), become the successor Administrator hereunder.

Appears in 1 contract

Samples: Administration Agreement (Navistar Financial Retail Receivables Corporation)

Successor Servicer and Administrator. The Issuer 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 7.1 of the Trust Sale and Servicing Agreement, to enforce the provisions of Sections 7.02, 7.03 7.1 and 7.04 7.2 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 (iii)) hereof, become the successor Administrator hereunder.

Appears in 1 contract

Samples: Administration Agreement (Volkswagen Dealer Finance LLC)

Successor Servicer and Administrator. The Issuer 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 8.02 of the Trust Sale Pooling and Servicing Agreement, to enforce the provisions of Sections 7.028.02, 7.03 8.03 and 7.04 8.04 of the Trust Sale Pooling and Servicing Agreement with respect to the appointment of a successor Servicer. Such successor Servicer shall, upon compliance with Sections 10(e)(ii) and (iii), become the successor Administrator hereunder.

Appears in 1 contract

Samples: Navistar Financial Retail Receivables Corporation

Successor Servicer and Administrator. The Issuer 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 8.1 of the Trust Sale and Servicing Agreement, to enforce the provisions of Sections 7.028.1, 7.03 8.2 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 (iii), become the successor Administrator hereunder.

Appears in 1 contract

Samples: First Security Bank Na

Successor Servicer and Administrator. The Issuer 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 8.02 of the Trust Sale Pooling and Servicing Agreement, to cause the other parties thereto to enforce the provisions of Sections 7.028.02, 7.03 8.03 and 7.04 8.04 of the Trust Sale Pooling and Servicing Agreement with respect to the appointment of a successor Servicer. Such successor Servicer shall, upon compliance with Sections 10(e)(ii) and (iii), become the successor Administrator hereunder.

Appears in 1 contract

Samples: Administration Agreement (Alliance Laundry Holdings LLC)

Successor Servicer and Administrator. The Issuer 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 7.1 of the Trust Sale and Servicing Agreement, to enforce the provisions of Sections 7.02, 7.03 7.1 and 7.04 7.2 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 (iii)) hereof, become the successor Administrator hereunder.

Appears in 1 contract

Samples: Administration Agreement (Volkswagen Credit Auto Master Owner Trust)

Successor Servicer and Administrator. The Issuer 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 7.1 of the Trust Sale and Servicing Agreement, to enforce the provisions of Sections 7.02, 7.03 7.1 and 7.04 7.2 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 (iii), become the successor Administrator hereunder.

Appears in 1 contract

Samples: Volkswagen Dealer Finance LLC

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