CUSTODIAL ARRANGEMENT. The Custodian shall maintain custody and possession of the Receivable Files as custodian and bailee in accordance with and pursuant to the Custodial Agreement. The Servicer hereby assigns all of its right, title and interest in, but none of its obligators thereunder, and to such Custodial Agreement to the Trust Collateral Agent. To the extent the Servicer receives any notices with respect to the Custodial Agreement, the Servicer will forward a copy of such notice to the Trust Collateral Agent and the Insurer.
Appears in 4 contracts
Samples: Sale and Servicing Agreement (National Financial Auto Funding Trust), Sale and Servicing Agreement (National Auto Finance Co Inc), Sale and Servicing Agreement (National Auto Finance Co Inc)
CUSTODIAL ARRANGEMENT. The Custodian shall maintain custody and possession of the Receivable Files as custodian and bailee for the Servicer and the Trust Collateral Agent in accordance with and pursuant to the Custodial Agreement. The Servicer hereby assigns all of its right, title and interest in, but none of its obligators obligations thereunder, and to such Custodial Agreement to the Trust Collateral Agent. To the extent the Servicer receives any notices with respect to the Custodial Agreement, the Servicer will forward a copy of such notice to each Noteholder, the Trust Collateral Agent and the Insurer.
Appears in 1 contract
Samples: Sale and Servicing Agreement (National Auto Finance Co Inc)
