Common use of Appointment of Servicer and Backup Servicer; Servicing Standard Clause in Contracts

Appointment of Servicer and Backup Servicer; Servicing Standard. (a) Subject to the terms and conditions herein, the Issuer and the Indenture Trustee hereby appoint Bluegreen as the initial Servicer hereunder. The Servicer shall service and administer the Timeshare Loans and perform all of its duties hereunder in accordance with the Servicing Standard. (b) Subject to the terms and conditions herein and in the Backup Servicing Agreement, the Issuer hereby appoints Concord Servicing Corporation to act as the initial Backup Servicer hereunder. The Backup Servicer shall service and administer the Timeshare Loans and perform all of its duties hereunder and under the Backup Servicing Agreement in accordance with the Servicing Standard.

Appears in 14 contracts

Samples: Indenture (BBX Capital Corp), Indenture (BFC Financial Corp), Indenture (BBX Capital Corp)

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Appointment of Servicer and Backup Servicer; Servicing Standard. (a) Subject to the terms and conditions herein, the Issuer and the Indenture Trustee hereby appoint appoints Bluegreen as the initial Servicer hereunderhereunder and the Servicer hereby accepts such appointment. The Servicer shall service and administer the Timeshare Loans and perform all of its duties hereunder in accordance with the Servicing Standard. (b) Subject to the terms and conditions herein and in the Backup Servicing Agreement, the Issuer hereby appoints Concord Servicing Corporation to act as the initial Backup Servicer hereunder. The Backup Servicer shall service and administer the Timeshare Loans and perform all of its duties hereunder and under the Backup Servicing Agreement in accordance with the Servicing Standard.

Appears in 4 contracts

Samples: Indenture (Bluegreen Vacations Corp), Indenture (BBX Capital Corp), Indenture (Bluegreen Vacations Holding Corp)

Appointment of Servicer and Backup Servicer; Servicing Standard. (a) Subject to the terms and conditions herein, the Issuer and the Indenture Trustee Seller hereby appoint appoints Bluegreen as the initial Servicer hereunder. The Servicer shall service and administer the Timeshare Loans and perform all of its duties hereunder in accordance with the Servicing Standard. (b) Subject to the terms and conditions herein and in the Backup Servicing Agreement, the Issuer Seller hereby appoints Concord Servicing Corporation to act as the initial Backup Servicer hereunder. The Backup Servicer shall service and administer the Timeshare Loans and perform all of its duties hereunder and under the Backup Servicing Agreement in accordance with the Servicing Standard.

Appears in 2 contracts

Samples: Loan Sale and Servicing Agreement (Bluegreen Corp), Loan Sale and Servicing Agreement (Bluegreen Corp)

Appointment of Servicer and Backup Servicer; Servicing Standard. (a) Subject to the terms and conditions herein, the Issuer and the Indenture Trustee hereby appoint Bluegreen as the initial Servicer hereunder. The Servicer shall service and administer the Timeshare Loans and perform all of its duties hereunder in accordance with the Servicing Standard. (b) Subject to the terms and conditions herein and in the Backup Servicing Agreement, the Issuer hereby appoints Concord Servicing Corporation to act as the initial Backup Servicer hereunder. The Backup Servicer shall service and administer the Timeshare Loans and perform all of its duties hereunder and under the Backup Servicing Agreement in accordance with the Servicing Standard.

Appears in 2 contracts

Samples: Indenture (Bluegreen Corp), Indenture (Bluegreen Corp)

Appointment of Servicer and Backup Servicer; Servicing Standard. (a) Subject to the terms and conditions herein, the Issuer and the Indenture Trustee hereby appoint has appointed Bluegreen as the initial Servicer hereunder. The Servicer shall service and administer the Timeshare Loans and perform all of its duties hereunder in accordance with the Servicing Standard. (b) Subject to the terms and conditions herein and in the Backup Servicing Agreement, the Issuer hereby appoints has appointed Concord Servicing Corporation to act as the initial Backup Servicer hereunder. The Backup Servicer shall service and administer the Timeshare Loans and perform all of its duties hereunder and under the Backup Servicing Agreement in accordance with the Servicing Standard.

Appears in 2 contracts

Samples: Amended and Restated Indenture (Bluegreen Corp), Indenture (Bluegreen Corp)

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Appointment of Servicer and Backup Servicer; Servicing Standard. (a) Subject to the terms and conditions herein, the Issuer and the Indenture Trustee hereby appoint appoints Bluegreen as the initial Servicer hereunderhereunder and the Servicer hereby accepts such appointment. The Servicer shall service and administer the Timeshare Loans and perform all of its duties hereunder in accordance with the Servicing Standard. (b) Subject to the terms and conditions herein and in the Backup Servicing Agreement, the Issuer hereby appoints Concord Servicing Corporation LLC to act as the initial Backup Servicer hereunder. The Backup Servicer shall service and administer the Timeshare Loans and perform all of its duties hereunder and under the Backup Servicing Agreement in accordance with the Servicing Standard.

Appears in 1 contract

Samples: Indenture (Bluegreen Vacations Holding Corp)

Appointment of Servicer and Backup Servicer; Servicing Standard. (a) Subject to the terms and conditions herein, the Note Issuer and the Indenture Trustee Collateral Agent hereby appoint Bluegreen as the initial Servicer hereunder. The Servicer shall service and administer the Timeshare Loans and perform all of its duties hereunder in accordance with the Servicing Standard. (b) Subject to the terms and conditions herein and in the Backup Servicing Agreement, the Note Issuer hereby appoints Concord Servicing Corporation to act as the initial Backup Servicer hereunder. The Backup Servicer shall service and administer the Timeshare Loans and perform all of its duties hereunder and under the Backup Servicing Agreement in accordance with the Servicing Standard.

Appears in 1 contract

Samples: Note Purchase Agreement (Stratstone/Bluegreen Secured Income Fund, LLC)

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