Common use of Servicer Termination Event Clause in Contracts

Servicer Termination Event. If the Issuer has knowledge of a Servicer Termination Event, the Issuer will notify the Indenture Trustee and the Rating Agencies of the event and any action the Issuer is taking to correct the situation. If a Servicer Termination Event results from the failure of the Servicer to perform its obligations under the Sale and Servicing Agreement, the Issuer will take reasonable steps available to cause the Servicer to correct the failure.

Servicer Termination Event. If the Issuer has actual knowledge of a Servicer Termination Event, the Issuer will notify the Indenture Trustee and the Rating Agencies of the event and any action the Issuer is taking to correct the situation. If a Servicer Termination Event results from the failure of the Servicer to perform its obligations under the Sale Transfer and Servicing Agreement, the Issuer will take reasonable steps available to cause remedy such failure, including enforcing the obligations of the Servicer to correct under the failureTransfer and Servicing Agreement.

Servicer Termination Event. If the Issuer has actual knowledge of the occurrence of a Servicer Termination Event, the Issuer will promptly notify the Indenture Trustee and the Rating Agencies of the event such occurrence and specify in such notice any action the Issuer is taking to correct the situationin respect of such event. If a Servicer Termination Event results arises from the failure of the Servicer to perform any of its duties and obligations under the Sale and Servicing AgreementAgreement with respect to the Receivables, the Issuer will take all reasonable steps available to cause the Servicer to correct the remedy such failure.

Servicer Termination Event. If the Issuer has actual knowledge of the occurrence of a Servicer Termination Event, the Issuer will promptly notify the Indenture Trustee and the Rating Agencies of the event occurrence and specify in the notice any action the Issuer is taking to correct in respect of the situationevent. If a Servicer Termination Event results arises from the failure of the Servicer to perform any of its duties and obligations under the Sale and Servicing AgreementAgreement for the Receivables, the Issuer will take all reasonable steps available to cause the Servicer to correct remedy the failure.

Servicer Termination Event. If the Issuer has knowledge of a Servicer Termination Event, the Issuer will notify the Indenture Trustee and the Rating Agencies of the event and state in the notice any action the Issuer is taking to correct the situation. If a Servicer Termination Event results from the failure of the Servicer to perform its obligations under the Sale and Servicing AgreementAgreement for the Receivables, the Issuer will take reasonable steps available to cause the Servicer to correct the failure.

Servicer Termination Event. If the Issuer has knowledge of the occurrence of a Servicer Termination EventEvent under the Sale and Servicing Agreements, the Issuer will promptly notify the Indenture Trustee and the Rating Agencies of the event such occurrence, and specify in such notice any action the Issuer is taking being taken with respect to correct the situationsuch occurrence. If a Servicer Termination Event results arises from the failure of the Servicer to perform any of its duties or obligations under the Sale and Servicing AgreementAgreements with respect to the Receivables, the Issuer will take all reasonable steps available to it to cause the Servicer to correct the remedy such failure.

Servicer Termination Event. If the Issuer has knowledge of a Servicer Termination Event, the Issuer will notify the Indenture Trustee and the Rating Agencies of the event and state in the notice any action the Issuer is taking to correct the situation. If a Servicer Termination Event results from the failure of the Servicer to perform its obligations under the Sale and Servicing Agreement, the Issuer will take reasonable steps available to cause the Servicer to correct the failure.

Servicer Termination Event. If the Issuer has actual knowledge of the occurrence of a Servicer Termination Event, the Issuer will promptly notify the Indenture Trustee and the Rating Agencies of the event such occurrence and specify in such notice any action the Issuer is taking being taken with respect to correct the situationsuch occurrence. If a Servicer Termination Event results arises from the failure of the Servicer to perform any of its duties or obligations under the Sale and Servicing AgreementAgreement with respect to the Receivables, the Issuer will take all reasonable steps available to it to cause the Servicer to correct the remedy such failure.