Common use of Appointment of Sub-Servicer Clause in Contracts

Appointment of Sub-Servicer. The Servicer may at any time appoint a sub-servicer to perform all or any portion of its obligations as Servicer hereunder; provided however, that the Servicer shall remain obligated and be liable to the Trustee and the Certificateholders 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 neither the Trust, the Trustee nor the Certificateholders shall have any responsibility therefor.

Appointment of Sub-Servicer. The Servicer may at any time appoint a sub-servicer to perform all or any portion of its obligations as Servicer hereunder; provided however, that the Servicer shall remain obligated and be liable to the Trustee Trustee, the Certificateholders and the Certificateholders Surety Bond Issuer 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 neither the Trust, the Trustee nor the Certificateholders shall have any responsibility therefor.