Servicing Termination. The Seller and the Trust hereby appoint Credit Acceptance as Servicer hereunder and Credit Acceptance hereby accepts such appointment and agrees to manage, collect and administer each of the Loans as Servicer. Upon the occurrence of a Servicer Default, the Indenture Trustee shall have the rights set forth in Section 8.01 hereof.
Servicing Termination. Section 6.01.
Servicing Termination. 22 SECTION 7.1 Events of Servicing Termination............................................................22 SECTION 7.2 Appointment of Successor Servicer..........................................................24 SECTION 7.3 Notification to Noteholders and Certificateholders.........................................25 SECTION 7.4 Waiver of Past Events of Servicing Termination.............................................25 ARTICLE VIII TERMINATION................................................................................25 SECTION 8.1 Optional Purchase of All Receivables.......................................................25 SECTION 8.2 Succession Upon Satisfaction and Discharge of Indenture....................................26
Servicing Termination. SECTION 8.1 Events of Servicing Termination............................................................41 SECTION 8.2 Appointment of Successor Servicer..........................................................43 SECTION 8.3
Servicing Termination. 20 Section 6.01
Servicing Termination. 41 Section 6.01. Events of Servicing Termination .......................... 41 Section 6.02. Indenture Trustee to Act; Appointment of Successor ....... 43
Servicing Termination. The Servicer may be terminated only as provided in the Servicing Agreement, the GNMA Guide as modified by the MBS Agreement, the Xxxxxxx Mac Guide or the Xxxxxx Mae Guide, as applicable.
Servicing Termination. The Master Servicer hereby covenants and agrees to act as the Master Servicer under this Agreement for an initial term, commencing on the Closing Date and ending on December 31, 1999, which term shall be extendable by the Certificate Insurer for successive terms of three calendar months thereafter, until the termination of the Trust Estate pursuant to Article X. Each such notice of extension ("a Master Servicer Extension Notice") shall be delivered by the Certificate Insurer to the Trustee, the Trust Administrator and the Master Servicer. The Master Servicer hereby agrees that, upon its receipt of any such Master Servicer Extension Notice, the Master Servicer shall become bound for the duration of the term covered by such Master Servicer Extension Notice to continue as the Master Servicer subject to and in accordance with the other provisions of this Agreement. The Trust Administrator agrees that if as of the fifteenth (15th) day prior to the last day of any term of the Master Servicer the Trust Administrator shall not have received any Master Servicer Extension Notice from the Certificate Insurer, the Trust Administrator will within five (5) days thereafter, give written notice of such non-receipt to the Certificate Insurer and the Master Servicer. The failure of the Certificate Insurer to deliver a Master Servicer Extension Notice by the end of a calendar term shall result in the termination of the Master Servicer. If the term of the Master Servicer shall expire without the Certificate Insurer having delivered to the Master Servicer a Master Servicer Extension Notice, but the Master Servicer shall continue without objection from the Trustee, the Trust Administrator or the Certificate Insurer to perform the functions of servicer hereunder (and in the absence of ground for termination under the Insurance Agreement), the Master Servicer shall be entitled to receive a prorated portion of the Servicing Fee specified hereunder for the time during which it shall so act; provided, that it is understood and agreed that the foregoing provision for payment of the prorated Servicing Fee is intended solely to avoid unjust enrichment of the Trust Estate and does not contemplated or give rise to any implicit renewal of the Master Servicer's term. The foregoing provisions of this paragraph shall not apply to the Trustee or Trust Administrator in the event the Trustee or Trust Administrator succeeds to the rights and obligations of the Master Servicer and the Trustee or ...
Servicing Termination. 41 Section 6.01. Events of Servicing Termination.....................41 Section 6.02. Indenture Trustee to Act; Appointment of Successor..45 Section 6.03. Notification to Noteholders and Residual Certificateholders..................................46 ARTICLE VII TERMINATION.......................................................46 Section 7.01. Termination.........................................46 ARTICLE VIII ADMINISTRATIVE DUTIES OF THE SERVICER............................47 Section 8.01. Administrative Duties...............................47 Section 8.02. Records.............................................49 Section 8.03. Additional Information to be Furnished to the Issuer..............................................49
Servicing Termination. 43 SECTION 8.1 Events of Servicing Termination..............................................43 SECTION 8.2
