Examples of Subservicer Termination Event in a sentence
The Servicer shall provide written notice to the Indenture Trustee and each VFN Noteholder of any Unmatured Default, Servicer Termination Event or Subservicer Termination Event, immediately following the receipt by a Responsible Officer of the Servicer of notice, or the obtaining by a Responsible Officer of the Servicer of actual knowledge, of such Unmatured Default, Servicer Termination Event or Subservicer Termination Event.
The Servicer shall provide written notice to the Indenture Trustee and each VFN Holder of any Unmatured Default, Servicer Termination Event or Subservicer Termination Event, immediately following the receipt by a Responsible Officer of the Servicer of notice, or the obtaining by a Responsible Officer of the Servicer of actual knowledge, of such Unmatured Default, Servicer Termination Event or Subservicer Termination Event.
The Servicer shall have the right, but not the obligation, to terminate all the rights and obligations of the Subservicer under this Agreement and in and to the servicing contract established hereby and the proceeds thereof if a Subservicer Event of Default or Subservicer Termination Event shall have occurred.
Each Borrower shall provide written notice to Lender within one (1) Business Day following the occurrence of a Subservicer Termination Event.
This must include the estimated value of any non-cash benefits made.You should enter data for staff in companies related to your provider only.2bii.