Common use of General Servicing Obligations Clause in Contracts

General Servicing Obligations. The Servicer will manage, service, administer and collect on the Receivables with reasonable care using that degree of skill and attention that the Servicer exercises for comparable automotive receivables that it services for itself or others according to the Servicing Procedures and will comply with all material requirements of law. The Servicer’s obligations will include:

Appears in 33 contracts

Samples: Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2022-A), Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2022-A), Sale and Servicing Agreement (Ford Credit Auto Receivables Two LLC)

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General Servicing Obligations. The Servicer will manage, service, administer and collect on the Receivables with reasonable care using that degree of skill and attention that the Servicer exercises for all comparable automotive device payment plan agreement receivables that it services for itself or others according to the Servicing Procedures and will comply with all material requirements Procedures. Without limiting the generality of law. The the foregoing, the Servicer’s obligations will include:

Appears in 21 contracts

Samples: Transfer and Servicing Agreement (Verizon Owner Trust 2020-A), Transfer and Servicing Agreement (Verizon Owner Trust 2020-B), Transfer and Servicing Agreement (Verizon Owner Trust 2020-C)

General Servicing Obligations. The Servicer will manage, service, administer and collect on the Receivables with reasonable care using that degree of skill and attention that the Servicer exercises for comparable automotive receivables that it services for itself or others according to the Servicing Procedures and will comply with all material requirements of law. The Servicer’s 's obligations will include:

Appears in 16 contracts

Samples: Sale and Servicing Agreement (Ford Credit Auto Receivables Two LLC), Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2024-B), Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2024-B)

General Servicing Obligations. The Servicer will manage, service, administer and collect on the Receivables with reasonable care using that degree of skill and attention that the Servicer exercises for all comparable automotive receivables that it services for itself or others according to the Servicing Procedures and will comply with all material requirements of law. The Servicer’s obligations will include:

Appears in 7 contracts

Samples: Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2016-A), Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2016-A), Sale and Servicing Agreement (Ford Credit Auto Receivables Two LLC)

General Servicing Obligations. The Servicer will manage, service, administer and collect on the Receivables with reasonable care using that degree of skill and attention that the Servicer exercises for all comparable automotive device payment plan agreement receivables that it services for itself or others according to the applicable Servicing Procedures and will comply with all material requirements Procedures. Without limiting the generality of law. The the foregoing, the Servicer’s obligations will include:

Appears in 5 contracts

Samples: Transfer and Servicing Agreement (Verizon Master Trust), Transfer and Servicing Agreement (Verizon Master Trust), Transfer and Servicing Agreement (Verizon Master Trust)

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General Servicing Obligations. The Servicer will manage, service, administer and collect on the Receivables Leases and Leased Vehicles with reasonable care using that degree of skill and attention that the Servicer exercises for comparable automotive receivables motor vehicle leases that it services for itself or and others according to the Servicing Procedures and will comply with all material requirements of law. The Servicer’s obligations will include:

Appears in 4 contracts

Samples: Servicing Agreement (CAB East LLC), Servicing Agreement (CAB East LLC), Servicing Agreement (CAB East LLC)

General Servicing Obligations. The Servicer will manage, service, administer and collect on the Receivables with reasonable care using that degree of skill and attention that the Servicer exercises for all comparable automotive device payment plan agreement receivables that it services for itself or others according to the Servicing Procedures and will comply with all material requirements of lawLaw. The Without limiting the generality of the foregoing, the Servicer’s obligations will include:

Appears in 3 contracts

Samples: Transfer and Servicing Agreement (Verizon ABS LLC), Transfer and Servicing Agreement (Verizon ABS LLC), Transfer and Servicing Agreement (Verizon ABS LLC)

General Servicing Obligations. The Servicer will manage, service, administer and collect on the Receivables Leases and Leased Vehicles with reasonable care using that degree of skill and attention that the Servicer exercises for comparable automotive receivables motor vehicle leases that it services for itself or and others according to the Servicing Procedures and will comply with all material requirements of law. The Servicer’s 's obligations will include:

Appears in 1 contract

Samples: Fourth Amended and Restated Servicing Agreement (CAB East LLC)

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