Master Servicer Not to Resign. (a) The Master Servicer shall not resign from the obligations and duties hereby imposed on it under this Agreement except upon a determination that the performance of its duties under this Agreement shall no longer be permissible under applicable law.
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (Amresco Residential Securities Corp), Pooling and Servicing Agreement (Amresco Residential Securities Corp Mortgage Loan Tr 1998-2), Pooling and Servicing Agreement (Amresco Residential Secs Corp Mort Loan Trust 1998-3)
Master Servicer Not to Resign. (a) The Subject to the provisions of Section 7.03, the Master Servicer shall not resign from the obligations and duties hereby imposed on it under by this Agreement as Master Servicer except (i) upon a determination that the performance of its duties under this Agreement shall no longer be permissible under applicable lawlaw or (ii) in the event of the appointment of a successor Master Servicer, upon satisfaction of the Rating Agency Condition.
Appears in 3 contracts
Samples: Sale and Servicing Agreement (Regions Acceptance LLC Regions Auto Receivables Tr 2003-2), Sale and Servicing Agreement (Regions Auto Receivables Trust 2002-1), Sale and Servicing Agreement (Regions Auto Receivables Trust 2003-1)
Master Servicer Not to Resign. (a) The Subject to the provisions of Section 7.03, the Master Servicer shall not resign from the obligations and duties hereby imposed on it under by this Agreement as Master Servicer except upon a determination that the performance of its duties under this Agreement shall no longer be permissible under applicable law.
Appears in 1 contract
Samples: Form of Sale and Servicing Agreement (Regions Acceptance LLC)
