Collection Functions Sample Clauses

Collection Functions. (1) receiving, applying and administering collections on the Auto Loans; (2) arranging for and administering repossessions of the Financed Vehicles related to the Auto Loans; (3) disposing of each Financed Vehicle related to a Receivable whether following repossession or otherwise; and (4) filing of insurance claims and performing the duties of the named insured under any VSI Policy with respect to each Auto Loan affected by a repossession or otherwise. Notwithstanding any other provision in this Agreement, the Servicer shall administer collections on Auto Loan at all times in such a manner that each Auto Loan shall remain eligible for coverage under the Insurance Policy. The Servicer, on behalf of the Trustee (and any named insured under the Insurance Policy), shall take such reasonable action as shall be necessary to permit recovery on each Auto Loan under the Insurance Policy and may engage such liquidation agents, skiptracers, remarketers, repossession agents or similar agents as it deems necessary.