Common use of Grant of Software Licence Clause in Contracts

Grant of Software Licence. (a) In connection with the provision of the Services to be provided under this Agreement in relation to the collection of the Purchased Receivables under the Financing Contracts and the administration of the Financing Contracts in accordance with its Customary Operating Practices, the Servicer: (i) to the extent permitted by law, agrees to grant to the Issuer and to the Security Trustee and to any successor servicer on terms acceptable to such successor servicer, the Issuer and the Security Trustee, a licence to operate any software which relates to the Servicer Records to enable the Servicer Records to continue to be maintained; and (ii) agrees to take such other steps as are reasonably requested by the Issuer and/or the Security Trustee to enable a successor servicer to assume the role of Servicer.

Grant of Software Licence. (a) In connection with the provision of the Services to be provided under this Agreement in relation to the collection of the Purchased Receivables under the Financing Contracts and the administration of the Financing Contracts in accordance with its Customary Operating Practices, the Servicer: (i) to the extent permitted by law, agrees to grant to the Issuer and to the Security Trustee and to any successor servicer on terms acceptable to such successor servicer, the Issuer and the Security Trustee, a licence to operate any software which relates to the Servicer Records to enable the Servicer Records to continue to be maintained; and (ii) agrees to take such other steps as are reasonably requested by the Issuer and/or the Security Trustee to enable a successor servicer to assume the role of Servicer.. SCHEDULE 2

Grant of Software Licence. (a) In connection with the provision of the Services to be provided under this Agreement in relation to the collection of the Purchased Receivables under the Financing Contracts and the administration of the Financing Contracts in accordance with its Customary Operating Practices, the Servicer: (ia) to the extent permitted by law, agrees to grant to the Issuer and to the Security Trustee and to any successor servicer on terms acceptable to such successor servicer, the Issuer and the Security Trustee, a licence to operate any software which relates to the Servicer Records to enable the Servicer Records to continue to be maintained; and (iib) agrees to take such other steps as are reasonably requested by the Issuer and/or the Security Trustee to enable a successor servicer to assume the role of Servicer.

Grant of Software Licence. (a) In connection with the provision of the Services to be provided under this Agreement in relation to the collection of the Purchased Receivables under the Financing Contracts and the administration of the Financing Contracts in accordance with its Customary Operating Practices, the Servicer: (ia) to the extent permitted by law, agrees to grant to the Issuer and to the Security Trustee and to any successor servicer on terms acceptable to such successor servicer, the Issuer and the Security Trustee, a licence to operate any software which relates to the Servicer Records to enable the Servicer Records to continue to be maintained; and (iib) agrees to take such other steps as are reasonably requested by the Issuer and/or the Security Trustee to enable a successor servicer to assume the role of Servicer.. SCHEDULE 2