ADDITIONAL COVENANTS OF THE SERVICER AND THE SUBSERVICER Sample Clauses

ADDITIONAL COVENANTS OF THE SERVICER AND THE SUBSERVICER. 10 Section 6.1 Indemnification 10 Section 6.2 Procedure for Indemnification 11 Section 6.3 Merger or Consolidation of, or Assumption of the Obligations of the Subservicer 11 Section 6.4 Program Portfolios 12 Section 6.5 Subservicer Covenant 12 ARTICLE VII SERVICER TERMINATION 12 Section 7.1 Subservicer Termination 12 Section 7.2 Consequence of a Subservicer Termination or Resignation 12 Section 7.3 Agreement to Cooperate Upon Termination or Resignation of the Subservicer 13 Section 7.4 Termination 13 ARTICLE VIII CONFIDENTIALITY 13 Section 8.1 Xxx-Xxxxxxxxxx 00 Section 8.2 Servicer Intellectual Property 14 Section 8.3 Survival 15 ARTICLE IX SYSTEMS 15 Section 9.1 Designated Servicer Systems 15 Section 9.2 Telecommunications 15 Section 9.3 Technology Service Problems 16 Section 9.4 Disaster Recovery 16 Section 9.5 Information Security 17 ARTICLE X MISCELLANEOUS PROVISIONS 18 Section 10.1 Entire Agreement; Amendments 18 Section 10.2 Notices 18 Section 10.3 Headings and Cross References 18 Section 10.4 Audit Rights 18 Section 10.5 Governing Law, Submission to Jurisdiction, Etc. 18 Section 10.6 Counterparts 19 Section 10.7 Severability of Provisions; Construction 19 Section 10.8 No Third-Party Beneficiaries 20 Section 10.9 No Waiver; Cumulative Remedies 20 Section 10.10 Limitation of Liability 20 Section 10.11 Exhibits; Relationship of the Parties 20 SCHEDULE I FORM OF PROGRAM PORTFOLIO SCHEDULE EXHIBIT A FORM OF SERVICING FEE SCHEDULE ANNEX A DEFINITIONS AND USAGE This SERVICING AGREEMENT (this “Agreement”) is made as of July 15, 2016 (the “Effective Date”), between SANTANDER CONSUMER USA INC., an Illinois corporation (“SC”), as servicer (in such capacity, the “Servicer”), and SANTANDER CONSUMER INTERNATIONAL PUERTO RICO LLC, a Puerto Rico limited liability company (“SCI”), as subservicer (in such capacity, the “Subservicer”).
Sample 1Sample 2Sample 3See All (4)
AutoNDA by SimpleDocs

Related to ADDITIONAL COVENANTS OF THE SERVICER AND THE SUBSERVICER

  • Additional Covenants of the Seller The Seller hereby covenants and agrees with the Depositor as follows:

  • Covenants of the Servicer At all times from the Closing Date until the Final Payout Date:

  • Negative Covenants of the Servicer From the Closing Date until the Collection Date:

  • Affirmative Covenants of the Servicer From the Closing Date until the Collection Date:

  • Liability of the Servicer and the Depositor The Servicer shall be liable in accordance herewith only to the extent of the obligations specifically imposed upon and undertaken by Servicer herein. The Depositor shall be liable in accordance herewith only to the extent of the obligations specifically imposed upon and undertaken by the Depositor.

  • Negative Covenants of the Seller Parties Until the date on which the Aggregate Unpaids have been indefeasibly paid in full and this Agreement terminates in accordance with its terms, each Seller Party hereby covenants, as to itself, that:

  • Compensation to the Master Servicer and the Servicers As compensation for its activities hereunder, the Master Servicer shall be entitled to receive from the Investment Account or the Certificate Account the amounts provided for by Section 3.05(a)(iii). The Master Servicer shall be required to pay all expenses incurred by it in connection with its activities hereunder and shall not be entitled to reimbursement therefor, except as specifically provided herein. As compensation for its activities under the applicable Selling and Servicing Contract, the applicable Servicer shall be entitled to withhold or withdraw from the related Custodial Account for P&I the amounts provided for in such Selling and Servicing Contract to the extent not inconsistent with this Agreement (including Section 3.05(d)). Each Servicer is required to pay all expenses incurred by it in connection with its servicing activities under its Selling and Servicing Contract (including payment of premiums for Primary Insurance Policies, other than Special Primary Insurance Policies, if required) and shall not be entitled to reimbursement therefor except as specifically provided in such Selling and Servicing Contract and not inconsistent with this Agreement.

  • Covenants of the Master Servicer and each Servicer The Master Servicer and each Servicer, severally and not jointly, hereby covenants to the Depositor, the Trustee and the Trust Administrator as follows:

  • Affirmative Covenants of the Seller Parties Until the date on which the Aggregate Unpaids have been indefeasibly paid in full and this Agreement terminates in accordance with its terms, each Seller Party hereby covenants, as to itself, as set forth below:

  • Representations, Warranties and Covenants of the Master Servicer and the Depositor (a) The Master Servicer hereby represents and warrants to the Trustee for the benefit of the Certificateholders that:

Time is Money Join Law Insider Premium to draft better contracts faster.