Common use of BACKUP SERVICING Clause in Contracts

BACKUP SERVICING. (a) Norwest Bank Minnesota, National Association is hereby appointed to act as Backup Servicer with respect to this Agreement and the transactions contemplated hereby and by the other Transaction Documents.

BACKUP SERVICING. (a) Norwest Bank Minnesota, National Association is hereby appointed to act as Backup Servicer with respect to this Agreement and the transactions contemplated hereby and by the other Transaction Documents. The Backup Servicer hereby acknowledges that the format of and information contained on the computer diskette or other acceptable data format to be supplied by the Servicer pursuant to Section 7.06(b) below is compatible with and can be read by the computer systems maintained by the Backup Servicer and that all tests necessary to confirm such compatibility and readability have been made.