Common use of Appointment of Subservicer Clause in Contracts

Appointment of Subservicer. The Servicer may at any time appoint a subservicer to perform all or any portion of its obligations as Servicer hereunder; provided, that the Servicer shall remain obligated and be liable to the Issuer, for the servicing and administering of the Receivables and the managing of the related Equipment, as applicable, in accordance with the provisions hereof, without diminution of such obligations and liabilities by virtue of the appointment of any subservicer and to the same extent and under the same terms and conditions as if the Servicer itself were servicing and administering the Receivables and/or managing the related Equipment, as applicable. The fees and expenses of any subservicer shall be as agreed between the Servicer and its subservicer from time to time and the Issuer shall not have any responsibility therefor.

Appointment of Subservicer. The Servicer may at any time appoint a subservicer to perform all or any portion of its obligations as Servicer hereunder; provided, that the Servicer shall remain obligated and be liable to the Issuer, for the servicing and administering of the Receivables and the managing of the related Equipment, as applicable, Equipment in accordance with the provisions hereof, without diminution of such obligations and liabilities by virtue of the appointment of any subservicer and to the same extent and under the same terms and conditions as if the Servicer itself were servicing and administering the Receivables and/or managing the related Equipment, as applicable. The fees and expenses of any subservicer shall be as agreed between the Servicer and its subservicer from time to time and the Issuer shall not have any responsibility therefor.