Common use of Appointment of Subservicer Clause in Contracts

Appointment of Subservicer. (a) The Servicer may at any time after the execution of this Agreement appoint a Subservicer 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 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 Subservicer 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 Subservicer shall be as agreed between the Servicer and its Subservicer 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.

Appointment of Subservicer. (a) The Servicer may at any time after the execution of this Agreement appoint a Subservicer subservicer 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 therewith; and provided, further, that the 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 in accordance with the provisions hereof without diminution of such obligation and liability by virtue of the appointment of such Subservicer subservicer 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 Subservicer subservicer shall be as agreed between the Servicer and its Subservicer subservicer 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.

Appointment of Subservicer. (a) The Servicer may at any time after the execution of this Agreement appoint a Subservicer subservicer 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 IssuerIssuing Entity, the Owner Trustee, the Indenture Trustee, the Certificateholder Certificateholders 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 Subservicer subservicer 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 Subservicer subservicer shall be as agreed between the Servicer and its Subservicer subservicer from time to time, and none of the IssuerIssuing Entity, the Owner Trustee, the Indenture Trustee, the Certificateholder Certificateholders or the Noteholders shall have any responsibility therefor. The Servicer shall give the Indenture Trustee written notice of any subservicer appointed hereunder.

Appointment of Subservicer. (a) The Servicer may at any time after the execution of this Agreement appoint a Subservicer subservicer 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 IssuerIssuing Entity, the Owner Trustee, the Indenture Trustee, the Certificateholder Certificateholders 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 Subservicer subservicer 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 Subservicer subservicer shall be as agreed between the Servicer and its Subservicer subservicer from time to time, and none of the IssuerIssuing Entity, the Owner Trustee, the Indenture Trustee, the Certificateholder Certificateholders or the Noteholders shall have any responsibility therefor.. The Servicer shall give the Indenture Trustee written notice of any subservicer appointed hereunder,

Appointment of Subservicer. (a) The Servicer may at any time after the execution of this Agreement appoint a Subservicer subservicer to perform all or any portion of its obligations as Servicer hereunder; provided that the Rating Agency Condition shall have been satisfied in connection therewith; and, provided, howeverfurther, that the Servicer shall remain obligated and shall be liable to the Issuer, the Owner Trustee, the Indenture Trustee, the Certificateholder Trustee and the Noteholders 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 Subservicer subservicer 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 Subservicer subservicer shall be as agreed between the Servicer and its Subservicer subservicer from time to time, and none of the IssuerTrust, the Owner Trustee, the Indenture Trustee, the Certificateholder Trustee or the Noteholders Certificateholders shall have any responsibility therefor.

Appointment of Subservicer. (a) The Servicer may at any time after the execution of this Agreement appoint a Subservicer subservicer 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 therewith; and provided further, that the Servicer shall remain obligated and be liable to the Issuer, the Owner Trustee, the Indenture Trustee, Trustee the Certificateholder Certificateholders 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 Subservicer subservicer 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 Subservicer subservicer shall be as agreed between the Servicer and its Subservicer subservicer from time to time, time and none of the Issuer, the Owner Trustee, the Indenture Trustee, the Certificateholder Certificateholders or the Noteholders shall have any responsibility therefor.

Appointment of Subservicer. (a) The Servicer may at any time after the execution of this Agreement appoint a Subservicer subservicer 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 Issuer, the Owner Trustee, the Indenture Trustee, the Certificateholder Security Insurer, the Certificateholders 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 Subservicer subservicer 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 Subservicer subservicer shall be as agreed between the Servicer and its Subservicer subservicer from time to time, time and none of the Issuer, the Owner Trustee, the Indenture Trustee, the Certificateholder Security Insurer, the Certificateholders or the Noteholders shall have any responsibility therefor.

Appointment of Subservicer. (a) The Servicer may at any time after the execution of this Agreement appoint a Subservicer subservicer 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 therewith; provided further that the 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 in accordance with the provisions hereof without diminution of such obligation and liability by virtue of the appointment of such Subservicer subservicer 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 Subservicer subservicer shall be as agreed between the Servicer and its Subservicer subservicer from time to time, time and none of the Issuer, the Owner Trustee, the Indenture Trustee, the Certificateholder Certificateholders or the Noteholders shall have any responsibility therefor.

Appointment of Subservicer. (a) The Servicer may at any time after the execution of this Agreement appoint a Subservicer 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 Issuer, the Owner Trustee, the Indenture Trustee, the Swap Counterparty, 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 Subservicer 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 Subservicer shall be as agreed between the Servicer and its Subservicer from time to time, and none of the Issuer, the Owner Trustee, the Indenture Trustee, the Swap Counterparty, the Certificateholder or the Noteholders shall have any responsibility therefor.

Appointment of Subservicer. (a) The Servicer may at any time after the execution of this Agreement appoint a Subservicer subservicer 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 therewith; and provided, further, that the Servicer shall remain obligated and be liable to the Issuer, the Owner Eligible Lender Trustee, the Indenture Trustee, the Certificateholder Trustee and the Noteholders for the servicing and administering of the Receivables Financed Student Loans in accordance with the provisions hereof without diminution of such obligation and liability by virtue of the appointment of such Subservicer subservicer and to the same extent and under the same terms and conditions as if the Servicer alone were servicing and administering the ReceivablesFinanced Student Loans. The fees and expenses of the Subservicer subservicer shall be as agreed between the Servicer and its Subservicer subservicer from time to time, time and none of the Issuer, the Owner Eligible Lender Trustee, the Indenture Trustee, the Certificateholder Trustee or the Noteholders shall have any responsibility therefor.

Appointment of Subservicer. (a) The Servicer may at any time after the execution of this Agreement appoint a Subservicer subservicer to perform all or any portion of its obligations as Servicer hereunder; provided, however, that Depositor shall have consented thereto; and provided, further, that the Servicer shall remain obligated and be liable to the Issuer, the Owner Trustee, the Indenture Trustee, the Certificateholder Trustee and the Noteholders Owner Trustee 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 Subservicer subservicer 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 Subservicer subservicer shall be as agreed between the Servicer and its Subservicer subservicer from time to time, and none of the Issuer, the Indenture Trustee, or the Owner Trustee, the Indenture Trustee, the Certificateholder or the Noteholders shall have any responsibility therefor.

Appointment of Subservicer. (a) The Servicer may at any time after the execution of this Agreement appoint a Subservicer subservicer 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 Issuer, the Owner Trustee, the Indenture Trustee, the Certificateholder Certificateholders 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 Subservicer subservicer 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 Subservicer subservicer shall be as agreed between the Servicer and its Subservicer subservicer from time to time, time and none of the Issuer, the Owner Trustee, the Indenture Trustee, the Certificateholder Certificateholders or the Noteholders shall have any responsibility therefor.

Appointment of Subservicer. (a) The Servicer may at any time after the execution of this Agreement appoint a Subservicer subservicer 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 therewith; and provided further, that the 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 in accordance with the provisions hereof without diminution of such obligation and liability by virtue of the appointment of such Subservicer subservicer 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 Subservicer subservicer shall be as agreed between the Servicer and its Subservicer subservicer from time to time, time and none of the Issuer, the Owner Trustee, the Indenture Trustee, the Certificateholder Certificateholders or the Noteholders shall have any responsibility therefor.

Appointment of Subservicer. (a) The Servicer may at any time after the execution of this Agreement appoint a Subservicer subservicer to perform all or any portion of its obligations as Servicer hereunder; providedPROVIDED, howeverHOWEVER, that the Rating Agency Condition shall have been satisfied in connection therewith; PROVIDED FURTHER that the 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 in accordance with the provisions hereof without diminution of such obligation and liability by virtue of the appointment of such Subservicer subservicer 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 Subservicer subservicer shall be as agreed between the Servicer and its Subservicer subservicer from time to time, time and none of the Issuer, the Owner Trustee, the Indenture Trustee, the Certificateholder Certificateholders or the Noteholders shall have any responsibility therefor.

Appointment of Subservicer. (a) The Servicer may at any time after the execution of this Agreement appoint a Subservicer 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 Issuer, the Owner Trustee, the Delaware 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 Subservicer 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 Subservicer shall be as agreed between the Servicer and its Subservicer from time to time, and none of the Issuer, the Owner Trustee, the Delaware Trustee, the Indenture Trustee, the Certificateholder or the Noteholders shall have any responsibility therefor.

Appointment of Subservicer. (a) The Servicer may at any time after the execution of this Agreement appoint a Subservicer subservicer 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 Issuer, the Owner Trustee, the Indenture Trustee, the Certificateholder Indenture Administrator, the Certificateholders 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 Subservicer subservicer 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 Subservicer subservicer shall be as agreed between the Servicer and its Subservicer subservicer from time to time, time and none of the Issuer, the Owner Trustee, the Indenture Trustee, the Certificateholder Indenture Administrator, the Certificateholders or the Noteholders shall have any responsibility therefor.

Appointment of Subservicer. (a) The Servicer may at any time after the execution of this Agreement appoint a Subservicer subservicer 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 Issuer, the Owner Trustee, the Indenture Trustee, the Certificateholder Security Insurer, the Certificateholders 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 Subservicer subservicer 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 Subservicer subservicer shall be as agreed between the Servicer and its Subservicer subservicer from time to time, time and none of the Issuer, the Owner Trustee, the Indenture Trustee, the Certificateholder or the Noteholders shall have any responsibility therefor.Owner

Appointment of Subservicer. (a) The Servicer may at any time after the execution of this Agreement appoint a Subservicer subservicer to perform all or any portion of its obligations as Servicer hereunder; provided, howeverthat the Rating Agency Condition shall have been satisfied in connection therewith; and provided further, that the Servicer shall remain obligated and be liable to the Issuer, the Owner Trustee, the Indenture Trustee, the Certificateholder Trustee Certificateholders and the Noteholders for the servicing and administering of the Receivables Leases in accordance with the provisions hereof without diminution of such obligation and liability by virtue of the appointment of such Subservicer subservicer and to the same extent and under the same terms and conditions as if the Servicer alone were servicing and administering the ReceivablesLeases. The fees and expenses of the Subservicer subservicer shall be as agreed between the Servicer and its Subservicer subservicer from time to time, time and none of the Issuer, the Owner Trustee, the Indenture Trustee, the Certificateholder Certificateholders or the Noteholders shall have any responsibility therefor.

Appointment of Subservicer. (a) The Servicer may at any -------------------------- time after the execution of this Agreement appoint a Subservicer subservicer to perform all or any portion of its obligations as Servicer hereunder; provided that the Rating Agency Condition shall have been satisfied in connection therewith; and, provided, howeverfurther, that the Servicer shall remain obligated and shall be liable to the Issuer, the Owner Trustee, the Indenture Trustee, the Certificateholder Trustee and the Noteholders 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 Subservicer subservicer 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 Subservicer subservicer shall be as agreed between the Servicer and its Subservicer subservicer from time to time, and none of the IssuerTrust, the Owner Trustee, the Indenture Trustee, the Certificateholder Trustee or the Noteholders Certificateholders shall have any responsibility therefor.

Appointment of Subservicer. (a) The Servicer may at any time after the execution of this Agreement appoint a Subservicer subservicer 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 Issuer, the Owner Trustee, the Indenture Trustee, the Certificateholder Indenture Administrator, the Certificateholders 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 Subservicer subservicer 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 Subservicer subservicer shall be as agreed between the Servicer and its Subservicer subservicer from time to time, time and none of the Issuer, the Owner Trustee, the Indenture Trustee, the Certificateholder Indenture Administrator, the Swap Counterparty, the Certificateholders or the Noteholders shall have any responsibility therefor.

Appointment of Subservicer. (a) The Servicer may at any time after the execution of this Agreement appoint a Subservicer subservicer 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 therewith; provided further that the 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 Subservicer subservicer and to the same extent and under the same terms and conditions as if the Servicer alone were servicing and administering the ReceivablesMortgage Loans. The fees and expenses of the Subservicer subservicer shall be as agreed between the Servicer and its Subservicer subservicer from time to time, time and none of the Issuer, the Owner Trustee, the Indenture Trustee, the Certificateholder Certificateholders or the Noteholders shall have any responsibility therefor.

Appointment of Subservicer. (a) The Servicer may at any time after the execution of this Agreement appoint a Subservicer subservicer 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 Issuer, the Owner Trustee, the Indenture Trustee, the Certificateholder Indenture Administrator, the Certificateholders 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 Subservicer subservicer 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 Subservicer subservicer shall be as agreed between the Servicer and its Subservicer subservicer from time to time, time and none of the Issuer, the Owner Trustee, the Indenture Trustee, the Certificateholder Indenture Administrator, the Certificateholders or the Noteholders shall have any responsibility therefor.

Appointment of Subservicer. (a) The Servicer may at any time after the execution of this Agreement appoint a Subservicer subservicer 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 therewith; provided further, that the Servicer shall remain obligated and be liable to the Issuer, the Owner Trustee, the Indenture Trustee, the Certificateholder Certificate Insurer and the Noteholders 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 Subservicer subservicer 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 Subservicer subservicer shall be as agreed between the Servicer and its Subservicer subservicer from time to time, time and none of the Issuer, the Owner Trustee, the Indenture Trustee, the Certificateholder Certificate Insurer or the Noteholders Certificateholders shall have any responsibility therefor. Any such subservicer shall perform its duties with the same standard of care applicable to the Servicer pursuant to Section 13.01 of this Agreement.

Appointment of Subservicer. (a) The Servicer may at any time after the execution of this Agreement appoint a Subservicer subservicer 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 therewith; provided further that the Servicer shall remain obligated and be liable to the Issuer, the Owner Eligible Lender Trustee, the Indenture Trustee, the Certificateholder Trustee and the Noteholders for the servicing and administering of the Receivables FFELP Student Loans in accordance with the provisions hereof without diminution of such obligation and liability by virtue of the appointment of such Subservicer subservicer and to the same extent and under the same terms and conditions as if the Servicer alone were servicing and administering the ReceivablesFFELP Student Loans. The fees and expenses of the Subservicer subservicer shall be as agreed between the Servicer and its Subservicer subservicer from time to time, time and none of the Issuer, the Owner Eligible Lender Trustee, the Indenture Trustee, the Certificateholder Trustee or the Noteholders shall have any responsibility therefor.