Common use of Authorization of Servicer Clause in Contracts

Authorization of Servicer. Servicer is hereby authorized to take any and all reasonable steps necessary or desirable and consistent with the ownership of the Transferred Receivables by Issuer and the pledge of the Transferred Receivables to the Indenture Trustee in the determination of Servicer, to (a) collect all amounts due under the Transferred Receivables, including endorsing its name on checks and other instruments representing Collections on the Transferred Receivables, and executing and delivering any and all instruments of satisfaction or cancellation or of partial or full release or discharge and all other comparable instruments with respect to the Transferred Receivables and (b) after the Transferred Receivables become delinquent and to the extent permitted under and in compliance with applicable law and regulations, (i) commence proceedings with respect to the enforcement of payment of the Transferred Receivables, (ii) adjust, settle or compromise any payments due thereunder, and (iii) initiate proceedings against any collateral securing the obligations due under the Transferred Receivables, in each case, consistent with the Credit and Collection Policies, (c) make withdrawals from the Collection Account and any other Trust Account, as set forth in this Agreement, the Indenture or any Indenture Supplement and (d) take any action required or permitted under any enhancement for any Series, Class or Tranche of Notes, as set forth in this Agreement, the Indenture or any Indenture Supplement. Issuer shall furnish (or cause to be furnished) to Servicer any powers of attorney and other documents necessary or appropriate to enable Servicer to carry out its servicing and administrative duties hereunder, and Issuer shall assist Servicer to the fullest extent to enable Servicer to collect the Transferred Receivables and otherwise discharge its duties hereunder and to deliver “Instructions,” as that term is defined in the Custody and Control Agreement, and other directions as to the investment of funds credited to the Trust Accounts on behalf of Issuer in accordance with Section 2.2(f).

Authorization of Servicer. Servicer is hereby authorized to take any and all reasonable steps necessary or desirable and consistent with the ownership of the Transferred Receivables by Issuer Owner and the pledge of all or partial direct or indirect interest in the Transferred Receivables to the Indenture Trustee Creditors or their representatives in the determination of Servicer, to (a) collect all amounts due under the Transferred Receivables, including endorsing its name on checks and other instruments representing Collections on the Transferred Receivables, and executing and delivering any and all instruments of satisfaction or cancellation or of partial or full release or discharge and all other comparable instruments with respect to the Transferred Receivables and (b) after the Transferred Receivables become delinquent and to the extent permitted under and in compliance with applicable law and regulations, (i) commence proceedings with respect to the enforcement of payment of the Transferred Receivables, (ii) adjust, settle or compromise any payments due thereunder, and (iii) initiate proceedings against any collateral securing the obligations due under the Transferred Receivables, in each case, consistent with the Credit and Collection Policies, (c) to make withdrawals from the either Collection Account and any other Trust Series Account, as set forth in this Agreement, the Funding Agreement, the Indenture or any Indenture Supplement Supplement, and (d) to take any action required or permitted under any enhancement for any Series, Class Series or Tranche class of Notes, as set forth in this Agreement, the Indenture or any Indenture Supplement. Issuer Owner shall furnish (or cause to be furnished) to Servicer with any powers of attorney and other documents necessary or appropriate to enable Servicer to carry out its servicing and administrative duties hereunder, and Issuer Owner shall assist Servicer to the fullest extent to enable Servicer to collect the Transferred Receivables and otherwise discharge its duties hereunder and to deliver “Instructions,” as that term is defined in the Custody and Control Agreement, and other directions as to the investment of funds credited to the Trust Accounts on behalf of Issuer in accordance with Section 2.2(f)hereunder.

Authorization of Servicer. Servicer is hereby authorized to take any and all reasonable steps necessary or desirable and consistent with the ownership of the Transferred Receivables Interests by Issuer and the Retained Interests by the Retained Interest Owner and the pledge of all or partial direct or indirect interest in the Transferred Receivables Interests to the Indenture Trustee holders of the Notes or their representatives in the determination of Servicer, to (a) collect all amounts due under the Transferred Underlying Receivables, including endorsing its name on checks and other instruments representing Collections on the Transferred Underlying Receivables, and executing and delivering any and all instruments of satisfaction or cancellation or of partial or full release or discharge and all other comparable instruments with respect to the Transferred Underlying Receivables and (b) after the Transferred Underlying Receivables become delinquent and to the extent permitted under and in compliance with applicable law and regulations, (i) commence proceedings with respect to the enforcement of payment of the Transferred Underlying Receivables, (ii) adjust, settle or compromise any payments due thereunder, and (iii) initiate proceedings against any collateral securing the obligations due under the Transferred Underlying Receivables, in each case, consistent with the Credit and Collection Policies, (c) to make withdrawals from the Collection Account, the Retained Interest Account and any other Trust Series Account, as set forth in this Agreement, the Indenture or any Indenture Supplement, (d) to take any action required or permitted under any enhancement for any Series or class of Notes, as set forth in this Agreement, the Indenture or any Indenture Supplement and (de) take any action required or permitted under any enhancement for any Series, Class or Tranche to deliver “Instructions” and other directions as to the investment of Notes, as set forth funds credited to the Collection Account and the Series Accounts on behalf of Issuer in this Agreement, accordance with Section 2.2(e). Each of the Indenture or any Indenture Supplement. Issuer and the Retained Interest Owner shall furnish (or cause to be furnished) to Servicer any powers of attorney and other documents necessary or appropriate to enable Servicer to carry out its servicing and administrative duties hereunder, and each of Issuer and the Retained Interest Owner shall assist Servicer to the fullest extent to enable Servicer to collect the Transferred Underlying Receivables and otherwise discharge its duties hereunder and to deliver “Instructions,” as that term is defined in the Custody and Control Agreement, and other directions as to the investment of funds credited to the Trust Accounts on behalf of Issuer in accordance with Section 2.2(f)hereunder.

Authorization of Servicer. Servicer is hereby authorized to take any and all reasonable steps necessary or desirable and consistent with the ownership of the Transferred Serviced Receivables by Issuer and the pledge of the Transferred Serviced Receivables to the Indenture Trustee under the Indenture in the determination of Servicer, to (a) collect all amounts due under the Transferred Serviced Receivables, including endorsing its name on checks and other instruments representing Collections on the Transferred Serviced Receivables, and executing and delivering any and all instruments of satisfaction or cancellation or of partial or full release or discharge and all other comparable instruments with respect to the Transferred Receivables and Serviced Receivables, (b) after the Transferred Receivables become a Serviced Receivable is delinquent or after a Serviced Receivable becomes a Defaulted Receivable (or if a Serviced Receivable is at risk of imminently becoming a Defaulted Receivable) and to the extent permitted under and in compliance with applicable law and regulations, (i) commence proceedings with respect to the enforcement of payment of such Serviced Receivable and the Transferred Receivablesrelated Contract, (ii) adjust, settle or compromise any payments due thereunder, thereunder and (iii) initiate proceedings against any collateral securing the obligations due under such Serviced Receivable, and otherwise enforce and exercise rights with respect to such collateral and the Transferred Receivablesrelated Contract, in each case, consistent with the Credit and Collection Policies, (c) to direct the Indenture Trustee to make withdrawals from the Collection Account and Trust Accounts, in accordance with this Agreement, the Indenture or any other Trust AccountIndenture Supplement, (d) to take any action required or permitted under any enhancement for any Series or class of Notes, as set forth in this Agreement, the Indenture or any Indenture Supplement and (de) take any action required or permitted under any enhancement for any Series, Class or Tranche to deliver instructions and other directions as to the investment of Notes, as set forth funds credited to the Trust Accounts on behalf of Issuer in this Agreement, the Indenture or any Indenture Supplementaccordance with Section 2.2(c). Servicing Agreement Issuer shall furnish (or cause to be furnished) to Servicer any powers of attorney and other documents necessary or appropriate to enable Servicer to carry out its servicing and administrative duties hereunder, and Issuer shall assist Servicer to the fullest extent to enable Servicer to collect the Transferred Serviced Receivables and otherwise discharge its duties hereunder and to deliver “Instructions,” as that term is defined in the Custody and Control Agreement, and other directions as to the investment of funds credited to the Trust Accounts on behalf of Issuer in accordance with Section 2.2(f)hereunder.