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Common use of Appointment of Sub-Servicer Clause in Contracts

Appointment of Sub-Servicer. The Servicer hereby appoints Deere Credit Services, Inc. as Sub-Servicer and may at any time appoint a successor Sub-Servicer to perform all or any portion of its obligations as Servicer hereunder; provided, however, that the Rating Agency Condition shall have been satisfied in connection with the appointment of a successor Sub-Servicer; provided further that the Servicer shall remain obligated and be liable to the Issuer, the Owner Trustee, the Indenture Trustee, the Certificateholder and the Noteholders for the servicing and administering of the Receivables in accordance with the provisions hereof without diminution of such obligation and liability by virtue of the appointment of such Sub-Servicer and to the same extent and under the same terms and conditions as if the Servicer alone were servicing and administering the Receivables. The fees and expenses of the Sub-Servicer shall be as agreed between the Servicer and its Sub-Servicer from time to time and none of the Issuer, the Owner Trustee, the Indenture Trustee, the Certificateholder or the Noteholders shall have any responsibility therefor.

Appears in 5 contracts

Samples: Sale and Servicing Agreement (Deere John Receivables Inc), Sale and Servicing Agreement (Deere John Receivables Inc), Sale and Servicing Agreement (Deere John Receivables Inc)

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Appointment of Sub-Servicer. The Master Servicer hereby appoints Deere Credit Services, Inc. as Sub-Servicer and may at any time appoint a successor Subsub-Servicer servicer to perform all or any portion of its obligations as Master Servicer hereunder; provided, however, that the Rating Agency Condition shall have been satisfied in connection with the appointment of a successor Sub-Servicertherewith; provided further that the Master Servicer shall remain obligated and be liable to the Issuer, the Owner Trustee, the Indenture Trustee, the Certificateholder Certificateholders and the Noteholders for the servicing and administering of the Receivables Mortgage Loans in accordance with the provisions hereof without diminution of such obligation and liability by virtue of the appointment of such Subsub-Servicer servicer and to the same extent and under the same terms and conditions as if the Master Servicer alone were servicing and administering the ReceivablesMortgage Loans. The fees and expenses of the Subsub-Servicer servicer shall be as agreed between the Master Servicer and its Subsub-Servicer servicer from time to time and none of the Issuer, the Owner Trustee, the Indenture Trustee, the Certificateholder Certificateholders or the Noteholders shall have any responsibility therefor.

Appears in 5 contracts

Samples: Master Servicing Agreement (Gs Mortgage Securities Corp), Master Servicing Agreement (Gs Mortgage Securities Corp), Master Servicing Agreement (Structured Asset Mortgage Investments Inc)

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Appointment of Sub-Servicer. The Servicer hereby appoints Deere Credit Services, Inc. as Sub-Servicer and may at any time appoint a successor Sub-Servicer to perform all or any portion of its obligations as Servicer hereunder; provided, however, that the Rating Agency Condition shall have been satisfied in connection with the appointment of a successor Sub-Servicer; provided further that the Servicer shall remain obligated and be liable to the IssuerIssuing Entity, the Owner Trustee, the Indenture Trustee, the Certificateholder and the Noteholders for the servicing and administering of the Receivables in accordance with the provisions hereof without diminution of such obligation and liability by virtue of the appointment of such Sub-Servicer and to the same extent and under the same terms and conditions as if the Servicer alone were servicing and administering the Receivables. The fees and expenses of the Sub-Servicer shall be as agreed between the Servicer and its Sub-Servicer from time to time and none of the IssuerIssuing Entity, the Owner Trustee, the Indenture Trustee, the Certificateholder or the Noteholders shall have any responsibility therefor.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Deere John Receivables Inc)

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