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

Duties and Responsibilities of the Servicer. Subject to the provisions of this Agreement, the Servicer shall conduct the servicing, management, administration and collection of the Receivable Assets and shall take, or cause to be taken, all actions that (a) may be necessary or advisable to service, manage, administer and collect the Receivable Assets from time to time, (b) the Servicer would take if such Receivable Assets were owned by the Servicer, and (c) are consistent with the Credit and Collection Policies. The Servicer shall also perform on behalf of, and as directed by, the Issuer (i) all of the Issuer’s obligations under the Indenture other than any obligations to pay money and any obligations to be performed by the Administrator under the Administration Agreement and (ii) any action that the Issuer may request the Servicer to take on the Issuer’s behalf under the Intercreditor Agreement. Management of Equipment shall include sale, re-lease, continued use or other disposition of such Equipment if and in the manner permitted under the related Contract and in accordance with the Credit and Collection Policies. To the extent a sale, re-lease, continued use or other disposition of Equipment is permitted under the related Contract, the Servicer shall arrange for such a sale, re-lease, continued use or other disposition of the Equipment.

Duties and Responsibilities of the Servicer. Subject to the provisions of this Agreement, the Servicer shall conduct the servicing, [management, ,] administration and collection of the Receivable Assets [Loans] [Purchaser Assets] and shall take, or cause to be taken, all actions that (a) may be necessary or advisable to service, [manage, ,] administer and collect the Receivable Assets [Loans] [Purchaser Assets] from time to time, (b) the Servicer would take if such Receivable Assets [Loans] [Purchaser Assets] were owned by the Servicer, and (c) are consistent with the Credit and Collection Policies. The Servicer shall also perform on behalf of, and as directed by, the Issuer (i) all of the Issuer’s obligations under the Indenture other than any obligations to pay money and any obligations to be performed by the Administrator under the Administration Agreement and (ii) any action that the Issuer may request the Servicer to take on the Issuer’s behalf under the Intercreditor Agreement. Management of Equipment [With respect to Equipment, managing shall include saleremarketing, leasing, re-leaseleasing, continued use selling or other disposition otherwise disposing of such Equipment if and in the manner permitted under the related Contract and in accordance Equipment. In connection with the Credit and Collection Policies. To the extent a saleleasing, re-lease, continued use or other disposition leasing and sale of Equipment is permitted under the related Contractany Equipment, the Servicer shall arrange for such a salelease, re-lease, continued use sale or other disposition of the EquipmentEquipment to the lessor (which may be a Seller) or to any other Person.]

Duties and Responsibilities of the Servicer. Subject to the provisions of this Agreement, the Servicer shall conduct the servicing, management, administration and collection of the Receivable Purchaser Assets and shall take, or cause to be taken, all actions that (a) may be necessary or advisable to service, manage, administer and collect the Receivable Purchaser Assets from time to time, (b) the Servicer would take if such Receivable Purchaser Assets were owned by the Servicer, and (c) are consistent with the Credit and Collection Policies. The Servicer shall also perform on behalf of, and as directed by, the Issuer (i) all of the Issuer’s obligations under the Indenture other than any obligations to pay money and any obligations to be performed by the Administrator under the Administration Agreement and (ii) any action that the Issuer may request the Servicer to take on the Issuer’s behalf under the Intercreditor Agreement. Management of Equipment With respect to Equipment, managing shall include saleremarketing, leasing, re-leaseleasing, continued use selling or other disposition otherwise disposing of such Equipment if and in the manner permitted under the related Contract and in accordance Equipment. In connection with the Credit and Collection Policies. To the extent a saleleasing, re-lease, continued use or other disposition leasing and sale of Equipment is permitted under the related Contractany Equipment, the Servicer shall arrange for such a salelease, re-lease, continued use sale or other disposition of the EquipmentEquipment to the lessor (which may be a Seller) or to any other Person.

Duties and Responsibilities of the Servicer. Subject to the provisions of this Agreement, the Servicer shall conduct the servicing, management, administration and collection of the Receivable Purchaser Assets and shall take, or cause to be taken, all actions that (a) may be necessary or advisable to service, manage, administer and collect the Receivable Purchaser Assets from time to time, (b) the Servicer would take if such Receivable Purchaser Assets were owned by the Servicer, and (c) are consistent with the Credit and Collection Policies. The Servicer shall also perform on behalf of, and as directed by, the Issuer (i) all of the Issuer’s obligations under the Indenture other than any obligations to pay money and any obligations to be performed by the Administrator under the Administration Agreement and (ii) any action that the Issuer may request the Servicer to take on the Issuer’s behalf under the Intercreditor Agreement. Management of Equipment With respect to Equipment, managing shall include saleremarketing, leasing, re-leaseleasing, continued use selling or other disposition otherwise disposing of such Equipment if and in the manner permitted under the related Contract and in accordance Equipment. In connection with the Credit and Collection Policies. To the extent a saleleasing, re-lease, continued use or other disposition leasing and sale of Equipment is permitted under the related Contractany Equipment, the Servicer shall arrange for such a salelease, re-lease, continued use sale or other disposition of the EquipmentEquipment to the lessor (which may be a Seller) or to any other Person.

Duties and Responsibilities of the Servicer. Subject to the provisions of this Agreement, the Servicer shall conduct the servicing, [management, ,] administration and collection of the Receivable Assets [Loans] [Receivables Assets] and shall take, or cause to be taken, all actions that (a) may be necessary or advisable to service, [manage, ,] administer and collect the Receivable Assets [Loans] [Receivables Assets] from time to time, (b) the Servicer would take if such Receivable Assets [Loans] [Receivables Assets] were owned by the Servicer, and (c) are consistent with the Credit and Collection Policies. The Servicer shall also perform on behalf of, and as directed by, the Issuer (i) all of the Issuer’s obligations under the Indenture other than any obligations to pay money and any obligations to be performed by the Administrator under the Administration Agreement and (ii) any action that the Issuer may request the Servicer to take on the Issuer’s behalf under the Intercreditor Agreement. [Management of Equipment shall include sale, re-lease, continued use or other disposition realization of such Equipment the Residual if and in the manner permitted under the related Contract and in accordance with the Credit and Collection Policies. To the extent realization of any Residual is permitted under the related Contract, the Servicer shall arrange for a sale, re-lease, continued use or other disposition of Equipment is permitted under the related Contract, the Servicer shall arrange for such a sale, re-lease, continued use or other disposition of the Equipment.]