Common use of Appointment and Designation of the Servicer Clause in Contracts

Appointment and Designation of the Servicer. The Originators and the Buyer hereby appoint the Person (the "Servicer") designated by the Buyer from time to time pursuant to this Section 6.01, as the Buyer's agent to service, administer and collect the Receivables and otherwise to enforce its rights and interests in, to and under the Receivables, the Related Security and the Contracts. The Servicer's authorization under this Agreement shall terminate on the Collection Date. Until the Buyer gives notice to the Originators of a designation of a new Servicer, OutSource International is hereby designated as, and hereby agrees to perform the duties and obligations of, the Servicer pursuant to the terms hereof. The Buyer may designate as Servicer any Person to succeed OutSource International or any successor Servicer, on the condition in each case that any such Person so designated shall agree to perform the duties and obligations of the Servicer pursuant to the terms hereof. Each of the Originators and the Servicer hereby grants to any successor Servicer an irrevocable power of attorney to take any and all steps in such Originators' or the Servicer's name, as applicable, and on behalf of the Buyer, as may be necessary or desirable, in the determination of the successor Servicer, to collect all amounts due under any and all Receivables, including, without limitation, endorsing the applicable Originator's name on checks and other instruments representing Collections and enforcing such Receivables and the related Contracts. The Servicer may, with the prior consent of the Buyer, subcontract with any other Person for servicing, administering or collecting the Receivables, provided that the Servicer shall remain liable for the performance of the duties and obligations