Common use of Acceptance of Appointment and Other Matters Relating to Servicer Clause in Contracts

Acceptance of Appointment and Other Matters Relating to Servicer. (a) The Seller agrees to act as the Servicer under this Agreement and the Transfer and Servicing Agreement, and the Buyer consents to the Seller acting as the Servicer. The Seller will have ultimate responsibility for servicing, managing and making collections on the Receivables and will have the authority to make any management decisions relating to such Receivables, to the extent such authority is granted to the Servicer under this Agreement and the Transfer and Servicing Agreement. (b) The Servicer will service and administer the Receivables in accordance with the provisions of the Transfer and Servicing Agreement, the Indenture and Indenture Supplements.

Acceptance of Appointment and Other Matters Relating to Servicer. (a) The Seller agrees to act as the Servicer under this Agreement and the Transfer Sale and Servicing Agreement, and the Buyer consents to the Seller acting as the Servicer. The Seller will have ultimate responsibility for servicing, managing and making collections on the Receivables and will have the authority to make any management decisions relating to such Receivables, to the extent such authority is granted to the Servicer under this Agreement and the Transfer Sale and Servicing Agreement. (b) The Servicer will service and administer the Receivables in accordance with the provisions of the Transfer Sale and Servicing Agreement, the Indenture and Indenture Supplements.