Common use of Fidelity Bond and Errors and Omissions Policy Clause in Contracts

Fidelity Bond and Errors and Omissions Policy. The Master Servicer or such Eligible Sub-Servicer that is performing the servicing duties of the Master Servicer, has obtained, and shall continue to maintain in full force and effect, a Fidelity Bond and Errors and Omissions Policy of a type and in such amount as is customary for servicers engaged in the business of servicing automobile receivables.

Appears in 9 contracts

Samples: Master Sale and Servicing Agreement (Household Auto Receivables Corp), Master Sale and Servicing Agreement (Household Auto Receivables Corp), Master Sale and Servicing Agreement (Household Automotive Trust Iv Series 2000-1)

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Fidelity Bond and Errors and Omissions Policy. The Master Servicer or such Eligible Sub-Servicer Subservicer that is performing the servicing duties of the Master Servicer, has obtained, and shall continue to maintain in full force and effect, a Fidelity Bond and Errors and Omissions Policy of a type and in such amount as is customary for servicers engaged in the business of servicing automobile motor vehicle receivables.

Appears in 7 contracts

Samples: Master Sale and Servicing Agreement (Household Automotive Trust 2004-1), Master Sale and Servicing Agreement (HSBC Automotive Trust 2005-3), Master Sale and Servicing Agreement (HSBC Automotive Trust 2005-1)

Fidelity Bond and Errors and Omissions Policy. The Master Servicer or such Eligible Sub-Servicer Subservicer that is performing the servicing duties of the Master Servicer, has obtained, and shall continue to maintain in full force and effect, a Fidelity Bond and Errors and Omissions Policy of a type and in such amount as is customary for servicers engaged in the business of servicing automobile motor vehicle receivables.

Appears in 5 contracts

Samples: Sale and Servicing Agreement (HSBC Automotive Trust (USA) 2007-1), Sale and Servicing Agreement (HSBC Automotive Trust (USA) 2006-3), Sale and Servicing Agreement (HSBC Auto Receivables Corp)

Fidelity Bond and Errors and Omissions Policy. The Master Servicer or such Eligible Sub-Servicer that is performing the servicing duties of the Master Servicer, has obtained, and shall continue to maintain in full force and effect, a Fidelity Bond and Errors and Omissions Policy of a type and in such amount as is customary for servicers engaged in the business of servicing automobile receivables.. Trust Accounts; Distributions; Statements to Certificateholders and Noteholders

Appears in 1 contract

Samples: Master Sale and Servicing Agreement (Household Automotive Trust 2001-1)

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Fidelity Bond and Errors and Omissions Policy. The Master Servicer or such Eligible Sub-Servicer Subservicer that is performing the servicing duties of the Master Servicer, has obtained, and shall continue to maintain in full force and effect, a Fidelity Bond and Errors and Omissions Policy of a type and in such amount as is customary for servicers engaged in the business of servicing automobile receivables.

Appears in 1 contract

Samples: Master Sale and Servicing Agreement (Household Auto Receivables Corp)

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