Common use of Custodian Files Clause in Contracts

Custodian Files. The Servicer hereby agrees to hold each Custodian File and each document part thereof in the Servicer's possession at any time and for any reason in trust for the benefit of the Indenture Trustee and the Noteholders. The Servicer agrees to promptly deliver to the Custodian each Custodian File and each and every document part thereof when the Servicer's need therefor in connection with its duties hereunder no longer exists, unless the associated Receivable has been liquidated and the Servicer has certified the same to the Custodian in accordance with the provisions of the Custodian Agreement. The Servicer agrees to hold the Custodian Files and documents contained therein that are in its possession in accordance with the same standards required of the Custodian under the Custodian Agreement. The Servicer agrees that all Custodian Files in its possession shall be held at its chief executive office as specified in Section 8.01(b)(x) hereof or at such other location identified from time to time to the Indenture Trustee and the Agent; provided, however, that the Servicer may temporarily move a Custodian File without such identification as necessary to conduct its servicing activities for a period not to exceed thirty (30) days. If the Backup Servicer is acting as the successor Servicer and performs any duties pursuant to this Section 6.16, it shall be reimbursed pursuant to Section 5.03(b) of the Indenture for any costs incurred by it in performing such duties.

Custodian Files. The Servicer hereby agrees to hold each Custodian File and each document part thereof in the Servicer's ’s possession at any time and for any reason in trust for the benefit of the Indenture Trustee and the Noteholders. The Servicer agrees to promptly deliver to the Custodian each Custodian File and each and every document part thereof when the Servicer's ’s need therefor in connection with its duties hereunder no longer exists, unless the associated Receivable has been liquidated and the Servicer has certified the same to the Custodian in accordance with the provisions of the Custodian Agreement. The Servicer agrees to hold the Custodian Files and documents contained therein that are in its possession in accordance with the same standards required of the Custodian under the Custodian Agreement. The Servicer agrees that all Custodian Files in its possession shall be held at its chief executive office as specified in Section 8.01(b)(x) hereof or at such other location identified from time to time to the Indenture Trustee and the Agent; provided, however, that the Servicer may temporarily move a Custodian File without such identification as necessary to conduct its servicing activities for a period not to exceed thirty (30) days. If the Backup Servicer is acting as the Any successor Servicer and that performs any duties pursuant to this Section 6.16, it 6.16 shall be reimbursed pursuant to Section 5.03(b) of the Indenture for any costs incurred by it in performing such duties. Notwithstanding the foregoing, from and after the release of the Indenture Trustee’s Lien on any Receivable, this Section 6.16 shall no longer apply to the components of the Custodian File relating to such Receivable.

Custodian Files. The Servicer hereby agrees to hold each Custodian File and each document part thereof in the Servicer's ’s possession at any time and for any reason in 42 trust for the benefit of the Indenture Trustee and the Noteholders. The Servicer agrees to promptly deliver to the Custodian each Custodian File and each and every document part thereof when the Servicer's ’s need therefor in connection with its duties hereunder no longer exists, unless the associated Receivable has been liquidated and the Servicer has certified the same to the Custodian in accordance with the provisions of the Custodian Agreement. The Servicer agrees to hold the Custodian Files and documents contained therein that are in its possession in accordance with the same standards required of the Custodian under the Custodian Agreement. The Servicer agrees that all Custodian Files in its possession shall be held at its chief executive office as specified in Section 8.01(b)(x) hereof or at such other location identified from time to time to the Indenture Trustee and the Agent; provided, however, that the Servicer may temporarily move a Custodian File without such identification as necessary to conduct its servicing activities for a period not to exceed thirty (30) days. If the Backup Servicer is acting as the successor Servicer and performs any duties pursuant to this Section 6.16, it shall be reimbursed pursuant to Section 5.03(b) of the Indenture for any costs incurred by it in performing such duties.