Common use of APPOINTMENT OF THE SERVICER; CERTAIN DUTIES AND RESPONSIBILITIES OF THE SERVICER Clause in Contracts

APPOINTMENT OF THE SERVICER; CERTAIN DUTIES AND RESPONSIBILITIES OF THE SERVICER. Section 2.1. Appointment of the Servicer 3 Section 2.2. Duties and Responsibilities of the Servicer 3 Section 2.3. Unrelated Amounts 3 Section 2.4. Authorization of the Servicer 4 Section 2.5. Servicing Fee and Servicing Advance 5 Section 2.6. Covenants of the Servicer 5 Section 2.7. Servicer’s Certificate 6 Section 2.8. Annual Statement as to Compliance; Notice of Default 6 Section 2.9. Annual Reports on Assessment of Compliance with Servicing Criteria 7 Section 2.10. Appointment of Subservicer 7 Section 2.11. Maintenance of Security Interests in Receivables 7 Section 2.12. Accounts 8 Section 2.13. Reserve Account 8 Section 2.14. Disbursement from the Collection Account 8 Section 2.15. Limitation on Liability of the Servicer and Others 8

APPOINTMENT OF THE SERVICER; CERTAIN DUTIES AND RESPONSIBILITIES OF THE SERVICER. Section 2.1. Appointment of the Servicer 3 1 Section 2.2. Duties and Responsibilities of the Servicer 3 2 Section 2.3. Unrelated Amounts 3 2 Section 2.4. Authorization of the Servicer 4 2 Section 2.5. Servicing Fee and Servicing Advance 5 3 Section 2.6. Covenants of the Servicer 5 3 Section 2.7. Servicer’s Certificate 6 4 Section 2.8. Annual Statement as to Compliance; Notice of Default 6 4 Section 2.9. Annual Reports on Assessment of Compliance with Servicing Criteria 7 4 Section 2.10. Appointment of Subservicer 7 5 Section 2.11. Maintenance of Security Interests in Receivables 7 Loans 5 Section 2.12. Accounts 8 5 Section 2.13. Reserve Account 8 6 Section 2.14. Disbursement from the Collection Account 8 6 Section 2.15. Limitation on Liability of the Servicer and Others 86

APPOINTMENT OF THE SERVICER; CERTAIN DUTIES AND RESPONSIBILITIES OF THE SERVICER. Section 2.1. Appointment of the Servicer 3 1 Section 2.2. Duties and Responsibilities of the Servicer 3 1 Section 2.3. Unrelated Amounts 3 2 Section 2.4. Authorization of the Servicer 4 2 Section 2.5. Servicing Fee and Servicing Advance 5 3 Section 2.6. Covenants of the Servicer 5 3 Section 2.7. Servicer’s Certificate 6 3 Section 2.8. Annual Statement as to Compliance; Notice of Default 6 4 Section 2.9. Annual Reports on Assessment of Compliance with Servicing Criteria 7 4 Section 2.10. Appointment of Subservicer 7 4 Section 2.11. Maintenance of Security Interests in Receivables 7 Loans 5 Section 2.12. Accounts 8 5 Section 2.13. Reserve Account 8 5 Section 2.14. Disbursement from the Collection Account 8 5 Section 2.15. Limitation on Liability of the Servicer and Others 86

APPOINTMENT OF THE SERVICER; CERTAIN DUTIES AND RESPONSIBILITIES OF THE SERVICER. Section 2.1. Appointment of the Servicer 3 1 Section 2.2. Duties and Responsibilities of the Servicer 3 2 Section 2.3. Unrelated Amounts 3 2 Section 2.4. Authorization of the Servicer 4 2 Section 2.5. Servicing Fee and Servicing Advance 5 3 Section 2.6. Covenants of the Servicer 54 Section 2.7. Servicer’s Certificate 64 Section 2.8. Annual Statement as to Compliance; Notice of Default 64 Section 2.9. Annual Reports on Assessment of Compliance with Servicing Criteria 7 5 Section 2.10. Appointment of Subservicer 7 5 Section 2.11. Maintenance of Security Interests in Receivables 7 5 Section 2.12. Accounts 8 6 Section 2.13. Reserve Account 8 6 Section 2.14. Disbursement from the Collection Account 8 6 Section 2.15. Limitation on Liability of the Servicer and Others 86

APPOINTMENT OF THE SERVICER; CERTAIN DUTIES AND RESPONSIBILITIES OF THE SERVICER. Section 2.1. Appointment of the Servicer 3 1 Section 2.2. Duties and Responsibilities of the Servicer 3 1 Section 2.3. Unrelated Amounts 3 2 Section 2.4. Authorization of the Servicer 4 2 Section 2.5. Servicing Fee and Servicing Advance 5 3 Section 2.6. Covenants of the Servicer 53 Section 2.7. Servicer’s Certificate 63 Section 2.8. Annual Statement as to Compliance; Notice of Default 64 Section 2.9. Annual Reports on Assessment of Compliance with Servicing Criteria 7 4 Section 2.10. Appointment of Subservicer 7 4 Section 2.11. Maintenance of Security Interests in Receivables 7 Loans 5 Section 2.12. Accounts 8 5 Section 2.13. Reserve Account 8 5 Section 2.14. Disbursement from the Collection Account 8 5 Section 2.15. Limitation on Liability of the Servicer and Others 86

APPOINTMENT OF THE SERVICER; CERTAIN DUTIES AND RESPONSIBILITIES OF THE SERVICER. Section 2.1. Appointment of the Servicer 3 Section 2.2. Duties and Responsibilities of the Servicer 3 Section 2.3. Unrelated Amounts 3 Section 2.4. Authorization of the Servicer 4 Section 2.5. Servicing Fee and Servicing Advance 5 Section 2.6. Covenants of the Servicer 5 Section 2.7. Servicer’s Certificate 6 Section 2.8. Annual Statement as to Compliance; Notice of Default 6 Section 2.9. Annual Reports on Assessment of Compliance with Servicing Criteria 7 6 Section 2.10. Appointment of Subservicer 7 Section 2.11. Maintenance of Security Interests in Receivables 7 Section 2.12. Accounts 8 7 Section 2.13. Reserve Account 8 Section 2.14. Disbursement from the Collection Account 8 Section 2.15. Limitation on Liability of the Servicer and Others 8

APPOINTMENT OF THE SERVICER; CERTAIN DUTIES AND RESPONSIBILITIES OF THE SERVICER. Section 2.1. Appointment of the Servicer 3 Section 2.2. Duties and Responsibilities of the Servicer 3 Section 2.3. Unrelated Amounts 3 Section 2.4. Authorization of the Servicer 4 Section 2.5. Servicing Fee and Servicing Advance 5 Section 2.6. Covenants of the Servicer 5 Section 2.7. Servicer’s Certificate 6 Section 2.8. Annual Statement as to Compliance; Notice of Default 6 Section 2.9. Annual Reports on Assessment of Compliance with Servicing Criteria 7 Section 2.10. Appointment of Subservicer 7 Section 2.11. Maintenance of Security Interests in Receivables 7 Section 2.12. Accounts 8 7 Section 2.13. Reserve Account 8 Section 2.14. Disbursement from the Collection Account 8 Section 2.15. Limitation on Liability of the Servicer and Others 8

APPOINTMENT OF THE SERVICER; CERTAIN DUTIES AND RESPONSIBILITIES OF THE SERVICER. Section 2.1. Appointment of the Servicer 3 Section 2.2. Duties and Responsibilities of the Servicer 3 Section 2.3. Unrelated Amounts 3 Section 2.4. Authorization of the Servicer 4 Section 2.5. Servicing Fee and Servicing Advance 5 Section 2.6. Covenants of the Servicer 5 5 Section 2.7. Servicer’s Certificate 6 6 Section 2.8. Annual Statement as to Compliance; Notice of Default 6 6 Section 2.9. Annual Reports on Assessment of Compliance with Servicing Criteria 7 6 Section 2.10. Appointment of Subservicer 7 Section 2.11. Maintenance of Security Interests in Receivables 7 Section 2.12. Accounts 8 7 Section 2.13. Reserve Account 8 Section 2.14. Disbursement from the Collection Account 8 Section 2.15. Limitation on Liability of the Servicer and Others 8

APPOINTMENT OF THE SERVICER; CERTAIN DUTIES AND RESPONSIBILITIES OF THE SERVICER. Section 2.1. Appointment of the Servicer 3 1 Section 2.2. Duties and Responsibilities of the Servicer 3 1 Section 2.3. Unrelated Amounts 3 2 Section 2.4. Authorization of the Servicer 4 2 Section 2.5. Servicing Fee Fees and Servicing Advance 5 Advances 3 Section 2.6. Covenants of the Servicer 5 3 Section 2.7. Servicer’s Certificate 6 3 Section 2.8. Annual Statement as to Compliance; Notice of Default 6 4 Section 2.9. Annual Reports on Assessment of Compliance with Servicing Criteria 7 4 Section 2.10. Appointment of Subservicer 7 4 Section 2.11. Maintenance of Security Interests in Receivables 7 Loans 5 Section 2.12. Accounts 8 5 Section 2.13. Reserve Account 8 5 Section 2.14. Disbursement from the Collection Account 8 5 Section 2.15. Limitation on Liability of the Servicer and Others 86

APPOINTMENT OF THE SERVICER; CERTAIN DUTIES AND RESPONSIBILITIES OF THE SERVICER. Section 2.1. Appointment of the Servicer 3 1 Section 2.2. Duties and Responsibilities of the Servicer 3 2 Section 2.3. Unrelated Amounts 3 2 Section 2.4. Authorization of the Servicer 4 2 Section 2.5. Servicing Fee and Servicing Advance 5 Advance. 3 Section 2.6. Covenants of the Servicer 54 Section 2.7. Servicer’s Certificate 64 Section 2.8. Annual Statement as to Compliance; Notice of Default 65 Section 2.9. Annual Reports on Assessment of Compliance with Servicing Criteria 7 5 Section 2.10. Appointment of Subservicer 7 5 Section 2.11. Maintenance of Security Interests in Receivables 7 [Loans] [Receivables] 6 Section 2.12. Accounts 8 6 Section 2.13. Reserve Account 8 7 Section 2.14. Disbursement from the Collection Account 8 7 Section 2.15. Limitation on Liability of the Servicer and Others 87

APPOINTMENT OF THE SERVICER; CERTAIN DUTIES AND RESPONSIBILITIES OF THE SERVICER. Section 2.1. Appointment of the Servicer 3 1 Section 2.2. Duties and Responsibilities of the Servicer 3 1 Section 2.3. Unrelated Amounts 3 2 Section 2.4. Authorization of the Servicer 4 2 Section 2.5. Servicing Fee Fees and Servicing Advance 5 Advances 3 Section 2.6. Covenants of the Servicer 5 4 Section 2.7. Servicer’s Certificate 6 4 Section 2.8. Annual Statement as to Compliance; Notice of Default 6 4 Section 2.9. Annual Reports on Assessment of Compliance with Servicing Criteria 7 5 Section 2.10. Appointment of Subservicer 7 5 Section 2.11. Maintenance of Security Interests in Receivables 7 [Loans] [Receivables] 5 Section 2.12. Accounts 8 6 Section 2.13. Reserve Account 8 6 Section 2.14. Disbursement from the Collection Account 8 6 Section 2.15. Limitation on Liability of the Servicer and Others 86

APPOINTMENT OF THE SERVICER; CERTAIN DUTIES AND RESPONSIBILITIES OF THE SERVICER. Section 2.1. Appointment of the Servicer 3 2 Section 2.2. Duties and Responsibilities of the Servicer 3 2 Section 2.3. Unrelated Amounts 3 Section 2.4. Authorization of the Servicer 4 3 Section 2.5. Servicing Fee and Servicing Advance 5 4 Section 2.6. Covenants of the Servicer 5 5 Section 2.7. Servicer’s Certificate 6 5 Section 2.8. Annual Statement as to Compliance; Notice of Default 6 5 Section 2.9. Annual Reports on Assessment of Compliance with Servicing Criteria 7 6 Section 2.10. Appointment of Subservicer 7 6 Section 2.11. Maintenance of Security Interests in Receivables 7 [Loans] [Receivables] 6 Section 2.12. Accounts 8 7 Section 2.13. Reserve Account 8 7 Section 2.14. Disbursement from the Collection Account 8 7 Section 2.15. Limitation on Liability of the Servicer and Others 87