Collection and Servicing. Since June 30, 2006, there has not been any material adverse change in the ability of the Servicer (to the extent it is AmeriCredit, the Debtor or any Subsidiary or Affiliate of any of the foregoing) to service and collect the Receivables or other material adverse effect.
Collection and Servicing. Since January 3, 1998, there has been no material adverse change in the ability of the Seller then acting as Collection Agent to service and collect the Receivables.
Collection and Servicing. (a) Purchaser hereby appoints Company to be its agent and servicer for monitoring and collecting the Accounts Receivable subject to the terms of this Agreement. Company shall perform its duties in a commercially reasonable manner and agrees that Company will not commence any legal action with respect to such servicing and collection efforts and shall not terminate, discharge, discount or write off any Accounts Receivable without Purchaser's prior written consent.
Collection and Servicing. (a) Agent shall continuously service the Loans from the date the loan is made at Agent's sole cost and expense. Agent shall be paid a Servicing Fee in the amount of one-half of one percent (1/2%, 50 basis points) of loans with an initial principal amount under Two Million Dollars ($2,000,000) and one-quarter of one percent (1/4%, 25 basis points) for loans with an initial principal amount over Two Million Dollars ($2,000,000) for its servicing activities hereunder, which servicing fee shall be withheld by Agent from each disbursement to Participants of their respective Percentage Interests in each fee payment or interest payment received from a Borrower as provided for in Section 5.1 hereof.
