Common use of Termination of Servicer’s Authority Clause in Contracts

Termination of Servicer’s Authority. All authority and power granted to the Servicer under this Indenture shall automatically cease and terminate upon termination of this Indenture pursuant to Section 14.1, and shall pass to and be vested in the Issuer and without limitation the Issuer is hereby authorized and empowered to execute and deliver, on behalf of the Servicer, as attorney-in-fact or otherwise, all documents and other instruments, and to do and accomplish all other acts or things necessary or appropriate to effect the purposes of such transfer of servicing rights upon termination of this Indenture. The Servicer shall cooperate with the Issuer in effecting the termination of the responsibilities and rights of the Servicer to conduct servicing on the Pledged Loans. The Servicer shall transfer its electronic records relating to the Pledged Loans to the Issuer in such electronic form as Issuer may reasonably request and shall transfer all other records, correspondence and documents relating to the Pledged Loans to the Issuer in the manner and at such times as the Issuer shall reasonably request. To the extent that compliance with this Section 12.5 shall require the Servicer to disclose information of any kind which the Servicer deems to be confidential, the Issuer shall be required to enter into such customary licensing and confidentiality agreements as the Servicer shall deem necessary to protect its interests and as shall be reasonably satisfactory in form and substance to the Issuer.

Termination of Servicer’s Authority. All authority and power granted to the Servicer under this Indenture shall automatically cease and terminate upon termination of this Indenture pursuant to Section 14.112.1, and shall pass to and be vested in the Issuer and without limitation the Issuer is hereby authorized and empowered to execute and deliver, on behalf of the Servicer, as attorney-in-fact or otherwise, all documents and other instruments, and to do and accomplish all other acts or things necessary or appropriate to effect the purposes of such transfer of servicing rights upon termination of this Indenture. The Servicer shall cooperate with the Issuer in effecting the termination of the responsibilities and rights of the Servicer to conduct servicing on the Pledged Loans. The Servicer shall transfer its electronic records relating to the Pledged Loans to the Issuer in such electronic form as Issuer may reasonably request and shall transfer all other records, correspondence and documents relating to the Pledged Loans to the Issuer in the manner and at such times as the Issuer shall reasonably request. To the extent that compliance with this Section 12.5 shall require the Servicer to disclose information of any kind which the Servicer deems to be confidential, the Issuer shall be required to enter into such customary licensing and confidentiality agreements as the Servicer shall deem necessary to protect its interests and as shall be reasonably satisfactory in form and substance to the Issuer.

Termination of Servicer’s Authority. All authority and power granted to the Servicer under this Indenture Agreement shall automatically cease and terminate upon termination of this Indenture Agreement pursuant to Section 14.112.1, and shall pass to and be vested in the Issuer and without limitation the Issuer is hereby authorized and empowered to execute and deliver, on behalf of the Servicer, as attorney-in-fact or otherwise, all documents and other instruments, and to do and accomplish all other acts or things necessary or appropriate to effect the purposes of such transfer of servicing rights upon termination of this IndentureAgreement. The Servicer shall cooperate with the Issuer in effecting the termination of the responsibilities and rights of the Servicer to conduct servicing on the Pledged Loans. The Servicer shall transfer its electronic records relating to the Pledged Loans to the Issuer in such electronic form as Issuer may reasonably request and shall transfer all other records, correspondence and documents relating to the Pledged Loans to the Issuer in the manner and at such times as the Issuer shall reasonably request. To the extent that compliance with this Section 12.5 shall require the Servicer to disclose information of any kind which the Servicer deems to be confidential, the Issuer shall be required to enter into such customary licensing and confidentiality agreements as the Servicer shall deem necessary to protect its interests and as shall be reasonably satisfactory in form and substance to the Issuer.

Termination of Servicer’s Authority. All authority and power granted to the ----------------------------------- any Successor Servicer under this Indenture Agreement shall automatically cease and terminate upon termination of this Indenture Agreement pursuant to Section 14.114.04, and ------------- shall pass to and be vested in the Issuer and Borrower and, without limitation limitation, the Issuer Borrower is hereby authorized and empowered to execute and deliver, on behalf of the Successor Servicer, as attorney-in-fact or otherwise, all documents and other instruments, and to do and accomplish all other acts or things necessary or appropriate to effect the purposes of such transfer of servicing rights upon termination of this IndentureAgreement. The Successor Servicer shall cooperate with the Issuer Borrower in effecting the termination of the responsibilities and rights of the Successor Servicer to conduct servicing on the Pledged LoansContracts. The Successor Servicer shall transfer its electronic records relating to the Pledged Loans Contracts to the Issuer Borrower in such electronic form as Issuer the Borrower may reasonably request and shall transfer all other records, correspondence and documents relating to the Pledged Loans Contracts to the Issuer Borrower in the manner and at such times as the Issuer Borrower shall reasonably request. To the extent that compliance with this Section 12.5 11.02 shall require the ------------- Successor Servicer to disclose the information of any kind which the Successor Servicer deems to be confidential, the Issuer Borrower shall be required to enter into such customary licensing and confidentiality agreements as the Successor Servicer shall deem necessary to protect its interests and as shall be reasonably satisfactory in form and substance to the IssuerBorrower.

Termination of Servicer’s Authority. All authority and power granted to the Servicer under this Indenture shall automatically cease and terminate upon termination of this Indenture pursuant to Section 14.1, and shall pass to and be vested in the Issuer and without limitation the Issuer is hereby authorized and empowered to execute and deliver, on behalf of the Servicer, as attorney-in-fact or otherwise, all documents and other instruments, and to do and accomplish all other acts or things necessary or appropriate to effect the purposes of such transfer of servicing rights upon termination of this Indenture. The Servicer shall cooperate with the Issuer in effecting the termination of the responsibilities and rights of the Servicer to conduct servicing on the Pledged Loans. The Servicer shall transfer its electronic records relating to the 100 Pledged Loans to the Issuer in such electronic form as Issuer may reasonably request and shall transfer all other records, correspondence and documents relating to the Pledged Loans to the Issuer in the manner and at such times as the Issuer shall reasonably request. To the extent that compliance with this Section 12.5 shall require the Servicer to disclose information of any kind which the Servicer deems to be confidential, the Issuer shall be required to enter into such customary licensing and confidentiality agreements as the Servicer shall deem necessary to protect its interests and as shall be reasonably satisfactory in form and substance to the Issuer.

Termination of Servicer’s Authority. 109 . All authority and power granted to the Servicer under this Indenture shall automatically cease and terminate upon termination of this Indenture pursuant to Section 14.1, and shall pass to and be vested in the Issuer and without limitation the Issuer is hereby authorized and empowered to execute and deliver, on behalf of the Servicer, as attorney-in-fact or otherwise, all documents and other instruments, and to do and accomplish all other acts or things necessary or appropriate to effect the purposes of such transfer of servicing rights upon termination of this Indenture. The Servicer shall cooperate with the Issuer in effecting the termination of the responsibilities and rights of the Servicer to conduct servicing on the Pledged Loans. The Servicer shall transfer its electronic records relating to the Pledged Loans to the Issuer in such electronic form as Issuer may reasonably request and shall transfer all other records, correspondence and documents relating to the Pledged Loans to the Issuer in the manner and at such times as the Issuer shall reasonably request. To the extent that compliance with this Section 12.5 shall require the Servicer to disclose information of any kind which the Servicer deems to be confidential, the Issuer shall be required to enter into such customary licensing and confidentiality agreements as the Servicer shall deem necessary to protect its interests and as shall be reasonably satisfactory in form and substance to the Issuer.

Termination of Servicer’s Authority. All authority and power granted to the any Successor Servicer under this Indenture Agreement shall automatically cease and terminate upon termination of this Indenture Agreement pursuant to Section 14.110.05, and shall pass to and be vested in the Issuer and Borrower and, without limitation limitation, the Issuer Borrower is hereby authorized and empowered to execute and deliver, on behalf of the Successor Servicer, as attorney-in-fact or otherwise, all documents and other instruments, and to do and accomplish all other acts or things necessary or appropriate to effect the purposes of such transfer of servicing rights upon termination of this IndentureAgreement. The Successor Servicer shall cooperate with the Issuer Borrower in effecting the termination of the responsibilities and rights of the Successor Servicer to conduct servicing on the Pledged Loans. Contracts The Successor Servicer shall transfer its electronic records relating to the Pledged Loans Contracts to the Issuer Borrower in such electronic form as Issuer the Borrower may reasonably request and shall transfer all other records, correspondence and documents relating to the Pledged Loans Contracts to the Issuer Borrower in the manner and at such times as the Issuer Borrower shall reasonably request. To the extent that compliance with this Section 12.5 8.02 shall require the Successor Servicer to disclose the information of any kind which the Successor Servicer deems to be confidential, the Issuer Borrower shall be required to enter into such customary licensing and confidentiality agreements as the Successor Servicer shall deem necessary to protect its interests and as shall be reasonably satisfactory in form and substance to the IssuerBorrower.

Termination of Servicer’s Authority. All authority and power granted to the any Successor Servicer under this Indenture Agreement shall automatically cease and terminate upon termination of this Indenture Agreement pursuant to Section 14.110.05, and shall pass to and be vested in the Issuer and Seller and, without limitation limitation, the Issuer Seller is hereby authorized and empowered to execute and deliver, on behalf of the Successor Servicer, as attorney-in-fact or otherwise, all documents and other instruments, and to do and accomplish all other acts or things necessary or appropriate to effect the purposes of such transfer of servicing rights upon termination of this IndentureAgreement. The Successor Servicer shall cooperate with the Issuer Seller in effecting the termination of the responsibilities and rights of the Successor Servicer to conduct servicing on the Pledged LoansPurchased Contracts. The Successor Servicer shall transfer its electronic records relating to the Pledged Loans Purchased Contracts to the Issuer Seller in such electronic form as Issuer the Seller may reasonably request and shall transfer all other records, correspondence and documents relating to the Pledged Loans Purchased Contracts to the Issuer Seller in the manner and at such times as the Issuer Seller shall reasonably request. To the extent that compliance with this Section 12.5 8.02 shall require the Successor Servicer to disclose the information of any kind which the Successor Servicer deems to be confidential, the Issuer Seller shall be required to enter into such customary licensing and confidentiality agreements as the Successor Servicer shall deem necessary to protect its interests and as shall be reasonably satisfactory in form and substance to the IssuerSeller.

Termination of Servicer’s Authority. All authority and power granted to the Servicer under this Indenture shall automatically cease and terminate upon termination of this Indenture pursuant to Section 14.1, and shall pass to and be vested in the Issuer and without 102 limitation the Issuer is hereby authorized and empowered to execute and deliver, on behalf of the Servicer, as attorney-in-fact or otherwise, all documents and other instruments, and to do and accomplish all other acts or things necessary or appropriate to effect the purposes of such transfer of servicing rights upon termination of this Indenture. The Servicer shall cooperate with the Issuer in effecting the termination of the responsibilities and rights of the Servicer to conduct servicing on the Pledged Loans. The Servicer shall transfer its electronic records relating to the Pledged Loans to the Issuer in such electronic form as Issuer may reasonably request and shall transfer all other records, correspondence and documents relating to the Pledged Loans to the Issuer in the manner and at such times as the Issuer shall reasonably request. To the extent that compliance with this Section 12.5 shall require the Servicer to disclose information of any kind which the Servicer deems to be confidential, the Issuer shall be required to enter into such customary licensing and confidentiality agreements as the Servicer shall deem necessary to protect its interests and as shall be reasonably satisfactory in form and substance to the Issuer.

Termination of Servicer’s Authority. All authority and power granted to the Servicer under this Indenture shall automatically cease and terminate upon termination of this Indenture pursuant to Section 14.1, and shall pass to and be vested in the Issuer and without limitation the Issuer is hereby authorized and empowered to execute and deliver, on behalf of the Servicer, as attorney-in-fact or otherwise, all documents and other instruments, and to do and accomplish all other acts or things necessary or appropriate to effect the purposes of such transfer of servicing rights upon termination of this Indenture. The Servicer shall cooperate with the Issuer in effecting the termination of the responsibilities and rights of the Servicer to conduct servicing on the Pledged Loans. The Servicer shall transfer its electronic records relating to the Pledged Loans to the Issuer in such electronic form as Issuer may reasonably request and shall transfer all other records, correspondence and documents relating to the Pledged Loans to the Issuer in the manner and at such times as the Issuer shall reasonably request. To the extent that compliance with this Section 12.5 shall require the Servicer to disclose information of any kind 93 which the Servicer deems to be confidential, the Issuer shall be required to enter into such customary licensing and confidentiality agreements as the Servicer shall deem necessary to protect its interests and as shall be reasonably satisfactory in form and substance to the Issuer.

Termination of Servicer’s Authority. All authority and power granted to the any Successor Servicer under this Indenture Agreement shall automatically cease and terminate upon termination of this Indenture Agreement pursuant to Section 14.113.04, and shall pass to and be vested in the Issuer and Borrower and, without limitation limitation, the Issuer Borrower is hereby authorized and empowered to execute and deliver, on behalf of the Successor Servicer, as attorney-in-fact or otherwise, all documents and other instruments, and to do and accomplish all other acts or things necessary or appropriate to effect the purposes of such transfer of servicing rights upon termination of this IndentureAgreement. The Successor Servicer shall cooperate with the Issuer Borrower in effecting the termination of the responsibilities and rights of the Successor Servicer to conduct servicing on the Pledged LoansAcquired Advances and related Loan Documents. The Successor Servicer shall transfer its electronic records relating to the Pledged Loans Acquired Advances and Loan Documents to the Issuer Borrower in such electronic form as Issuer the Borrower may reasonably request and shall transfer all other records, correspondence and documents relating to the Pledged Loans Acquired Advances and Loan Documents to the Issuer Borrower in the manner and at such times as the Issuer Borrower shall reasonably request. To the extent that compliance with this Section 12.5 10.02 shall require the Successor Servicer to disclose the information of any kind which the Successor Servicer deems to be confidential, the Issuer Borrower shall be required to enter into such customary licensing and confidentiality agreements as the Successor Servicer shall deem necessary to protect its interests and as shall be reasonably satisfactory in form and substance to the IssuerBorrower.

Termination of Servicer’s Authority. All authority and power -------------------------------------- granted to the any Successor Servicer under this Indenture Agreement shall automatically cease and terminate upon termination of this Indenture Agreement pursuant to Section 14.115.1, and shall pass to and be vested in the Issuer and and, without limitation the limitation, Issuer is hereby authorized and empowered to execute and deliver, on behalf of the Successor Servicer, as attorney-in-fact or otherwise, all documents and other instruments, and to do and accomplish all other acts or things necessary or appropriate to effect the purposes of such transfer of servicing rights upon termination of this IndentureAgreement. The Successor Servicer shall cooperate with the Issuer in effecting the termination of the responsibilities and rights of the Successor Servicer to conduct servicing on the Pledged LoansContracts. The Successor Servicer shall transfer its electronic records relating to the Pledged Loans Contracts to the Issuer in such electronic form as Issuer may reasonably request and shall transfer all other records, correspondence and documents relating to the Pledged Loans Contracts to the Issuer in the manner and at such times as the Issuer shall reasonably request. To the extent that compliance with this Section 12.5 13.2 shall require the Successor Servicer to disclose to the information of any kind which the Successor Servicer deems to be confidential, the Issuer shall be required to enter into such customary licensing and confidentiality agreements as the Successor Servicer shall deem necessary to protect its interests and as shall be reasonably satisfactory in form and substance to the Issuer.

Termination of Servicer’s Authority. All authority and power -------------------------------------- granted to the any Successor Servicer under this Indenture Agreement shall automatically cease and terminate upon termination of this Indenture Agreement pursuant to Section 14.114.04, and ------------- shall pass to and be vested in the Issuer and Borrower and, without limitation limitation, the Issuer Borrower is hereby authorized and empowered to execute and deliver, on behalf of the Successor Servicer, as attorney-in-fact or otherwise, all documents and other instruments, and to do and accomplish all other acts or things necessary or appropriate to effect the purposes of such transfer of servicing rights upon termination of this IndentureAgreement. The Successor Servicer shall cooperate with the Issuer Borrower in effecting the termination of the responsibilities and rights of the Successor Servicer to conduct servicing on the Pledged LoansContracts. The Successor Servicer shall transfer its electronic records relating to the Pledged Loans Contracts to the Issuer Borrower in such electronic form as Issuer the Borrower may reasonably request and shall transfer all other records, correspondence and documents relating to the Pledged Loans Contracts to the Issuer Borrower in the manner and at such times as the Issuer Borrower shall reasonably request. To the extent that compliance with this Section 12.5 11.02 shall require the Successor Servicer to -------------- disclose the information of any kind which the Successor Servicer deems to be confidential, the Issuer Borrower shall be required to enter into such customary licensing and confidentiality agreements as the Successor Servicer shall deem necessary to protect its interests and as shall be reasonably satisfactory in form and substance to the IssuerBorrower.