Common use of Appointment of the Servicer Clause in Contracts

Appointment of the Servicer. (a) The Servicer shall manage, service and administer the Exchange Note Assets for the benefit of each holder and pledgee of the Closed-End Exchange Note and shall make collections on the Transaction Units in accordance with its Credit and Collection Policy in effect from time to time, using the same degree of skill and attention that the Servicer exercises with respect to all comparable retail automotive leases that it services for itself or others.

Appointment of the Servicer. (a) The Servicer shall manage, service and administer the Exchange Note Assets Assets, at its own expense and for the benefit of each holder and pledgee of the Closed-End Exchange Note Note, and shall make collections on the Transaction Units in accordance with its Credit and Collection Policy in effect from time to time, using the same degree of skill and attention that the Servicer exercises with respect to all comparable retail automotive leases that it services for itself or others.

Appointment of the Servicer. (a) The Servicer shall manage, service and administer the Exchange Note Assets Assets, at its own expense and for the benefit of each holder and pledgee of the Closed-Closed- End Exchange Note Note, and shall make collections on the Transaction Units in accordance with its Credit and Collection Policy in effect from time to time, using the same degree of skill and attention that the Servicer exercises with respect to all comparable retail automotive leases that it services for itself or others.