Common use of Duties and Responsibilities of Master Servicer Clause in Contracts

Duties and Responsibilities of Master Servicer. (a) Subject to the provisions of this Agreement, Master Servicer shall conduct the servicing, administration and collection of the Transferred Receivables with reasonable care and diligence and in accordance with the Financing Agreements and the Credit and Collection Policies. (b) Owner shall provide Master Servicer not less than five (5) Business Days' prior notice of (i) any designation of additional or removed Accounts and (ii) any designation of any additional Originator contemplated pursuant to the First Tier Agreement. Any such designation, removal or change shall be effective for purposes of this Agreement on the date the designation, removal or change is given effect under the First Tier Agreement or the Second Tier Agreement, as specified by Owner to Master Servicer. (c) Following receipt of notice of any designation of additional or removed Accounts or an additional Originator pursuant to Section 2.2(b), Master Servicer shall assist Owner in producing any information required by Owner in connection with such designation or change. (d) Master Servicer shall not be obligated to use separate servicing procedures, offices, employees or accounts for servicing the Transferred Receivables from the procedures, offices, employees and accounts used by Master Servicer in connection with servicing other receivables. (e) Master Servicer shall maintain fidelity bond or other appropriate insurance coverage insuring against losses through wrongdoing of its officers and employees who are involved in the servicing of receivables covering such actions and in such amounts as Master Servicer believes to be reasonable from time to time. (f) Master Servicer shall deliver Instruments and shall direct the Custodian as to the investment of funds credited to the Trust Accounts.

Duties and Responsibilities of Master Servicer. (a) Subject to the provisions of this Agreement, Master Servicer shall conduct the servicing, administration and collection of the Transferred Receivables with reasonable care and diligence and in accordance with the Financing Agreements and the Credit and Collection Policies. (b) Owner shall provide Master Servicer not less than five (5) Business Days' prior notice of (i) any designation of additional or removed Accounts and Accounts, (ii) any designation of any additional Originator contemplated pursuant to the First Tier AgreementAgreement and (iii) any change in the Discount Factor. Any such designation, removal or change shall be effective for purposes of this Agreement on the date the designation, removal or change is given effect under the First Tier Agreement or the Second Tier Agreement, as specified by Owner to Master Servicer. (c) Following receipt of notice of any designation of additional or removed Accounts or an additional Originator or any change in the Discount Factor pursuant to Section 2.2(b), Master Servicer shall assist Owner in producing any information required by Owner in connection with such designation or change. (d) Master Servicer shall not be obligated to use separate servicing procedures, offices, employees or accounts for servicing the Transferred Receivables from the procedures, offices, employees and accounts used by Master Servicer in connection with servicing other receivables. (e) Master Servicer shall maintain fidelity bond or other appropriate insurance coverage insuring against losses through wrongdoing of its officers and employees who are involved in the servicing of receivables covering such actions and in such amounts as Master Servicer believes to be reasonable from time to time. (f) Master Servicer shall deliver Instruments and shall direct the Custodian as to the investment of funds credited to the Trust Accounts.

Duties and Responsibilities of Master Servicer. (a) Subject to the provisions of this Agreement, Master Servicer shall conduct the servicing, administration and collection of the Transferred Receivables with reasonable care and diligence and in accordance with the Financing Agreements and the Credit and Collection Policies. (b) Owner shall provide Master Servicer not less than five (5) Business Days' ’ prior notice of (i) any designation of additional or removed Accounts and Accounts, (ii) any designation of any additional Originator contemplated pursuant to the First Tier AgreementAgreement and (iii) any change in the Discount Factor. Any such designation, removal or change shall be effective for purposes of this Agreement on the date the designation, removal or change is given effect under the First Tier Agreement or the Second Tier Agreement, as specified by Owner to Master Servicer. (c) Following receipt of notice of any designation of additional or removed Accounts or an additional Originator pursuant to Section 2.2(b), Master Servicer shall assist Owner in producing any information required by Owner in connection with such designation or change. (d) Master Servicer shall not be obligated to use separate servicing procedures, offices, employees or accounts for servicing the Transferred Receivables from the procedures, offices, employees and accounts used by Master Servicer in connection with servicing other receivables. (e) Master Servicer shall maintain fidelity bond or other appropriate insurance coverage insuring against losses through wrongdoing of its officers and employees who are involved in the servicing of receivables covering such actions and in such amounts as Master Servicer believes to be reasonable from time to time. (f) Master Servicer shall deliver Instruments and shall direct the Custodian as to the investment of funds credited to the Trust Accounts.

Duties and Responsibilities of Master Servicer. (a) Subject to the provisions of this Agreement, Master Servicer shall conduct the servicing, administration and collection of the Transferred Receivables with reasonable care and diligence and in accordance with the Financing Agreements and the Credit and Collection Policies. (b) Owner shall provide Master Servicer not less than five (5) Business Days' ’ prior notice of (i) any designation of additional or removed Accounts (other than a designation of removed Accounts in connection with such Accounts becoming Inactive Accounts) and (ii) any designation of any additional Originator contemplated pursuant to the First Tier AgreementOriginator. Any such designation, removal or change shall be effective for purposes of this Agreement on the date the designation, removal or change is given effect under the First Tier Agreement or the Second Tier Agreement, as specified by Owner to Master Servicer. (c) Following receipt of notice of any designation of additional or removed Accounts or an additional Originator pursuant to Section 2.2(b), Master Servicer shall assist Owner in producing any information required by Owner in connection with such designation or change. (d) Master Servicer shall not be obligated to use separate servicing procedures, offices, employees or accounts for servicing the Transferred Receivables from the procedures, offices, employees and accounts used by Master Servicer in connection with servicing other receivables. (e) Master Servicer shall maintain fidelity bond or other appropriate insurance coverage insuring against losses through wrongdoing of its officers and employees who are involved in the servicing of receivables covering such actions and in such amounts as Master Servicer believes to be reasonable from time to time. (f) Master Servicer shall deliver Instruments and shall direct the Custodian as to the investment of funds credited to the Trust Accounts.

Duties and Responsibilities of Master Servicer. (a) Subject to the provisions of this Agreement, Master Servicer shall conduct the servicing, administration and collection of the Transferred Receivables with reasonable care and diligence and in accordance with the Financing Agreements and the Credit and Collection Policies. (b) Owner shall provide Master Servicer not less than five (5) Business Days' ’ prior notice of (i) any designation of additional or removed Accounts and (ii) any designation of any additional Originator contemplated pursuant to the First Tier Agreement. Any such designation, removal or change shall be effective for purposes of this Agreement on the date the designation, removal or change is given effect under the First Tier Agreement or the Second Tier Agreement, as specified by Owner to Master Servicer. (c) Following receipt of notice of any designation of additional or removed Accounts or an additional Originator pursuant to Section 2.2(b), Master Servicer shall assist Owner in producing any information required by Owner in connection with such designation or change. (d) Master Servicer shall not be obligated to use separate servicing procedures, offices, employees or accounts for servicing the Transferred Receivables from the procedures, offices, employees and accounts used by Master Servicer in connection with servicing other receivables. (e) Master Servicer shall maintain fidelity bond or other appropriate insurance coverage insuring against losses through wrongdoing of its officers and employees who are involved in the servicing of receivables covering such actions and in such amounts as Master Servicer believes to be reasonable from time to time. (f) Master Servicer shall deliver Instruments and shall direct the Custodian as to the investment of funds credited to the Trust Accounts.