CONTRIBUTOR'S AND SERVICER'S SUBSEQUENT OBLIGATIONS. Upon any substitution of Contracts in accordance with the provisions of this Section 7 or Section 5.03, the Contributor's and the Servicer's obligations hereunder with respect to the Predecessor Contract shall cease (except for the Servicer's obligation as set forth in Section 4.03 hereof to take such action as is necessary and appropriate to maximize net proceeds to be paid to the Trustee) but the Contributor and the Servicer shall each thereafter have the same obligations with respect to the Substitute Contract substituted as it has with respect to all other Contracts subject to the terms hereof.
Appears in 11 contracts
Samples: Contribution and Servicing Agreement (Dvi Receivables Corp Viii), Contribution and Servicing Agreement (Dvi Receivables Corp Viii), Contribution and Servicing Agreement (Dvi Receivables Corp Viii)
