Common use of OBLIGOR INSURANCE COVERAGE IN RESPECT OF LEASED VEHICLES Clause in Contracts

OBLIGOR INSURANCE COVERAGE IN RESPECT OF LEASED VEHICLES. The Servicer shall use its normal servicing procedures (including procedures used in connection with new programs commenced in the ordinary course of business, whether or not implemented on a test basis) to ensure that the Obligor under each Contract shall have, and maintain in full force and effect during the term of such Contract, a comprehensive, collision and property damage insurance policy covering the actual cash value of the related Leased Vehicle and naming the Titling Trust or the Titling Trustee on behalf of the Titling Trust as a loss payee, as well as public liability, bodily injury and property damage coverage in the amounts required by applicable state law or as set forth in such Contract, and naming the Titling Trust or the Titling Trustee on behalf of the Titling Trust as an additional insured. Notwithstanding the foregoing, if an insurance policy names the Servicer rather than the Titling Trust or the Titling Trustee on behalf of the Titling Trust as loss payee or additional insured, the Servicer shall not be required to correct such designation as long as the Servicer is responsible for any increased deductibles under any Contingent and Excess Liability Policy as provided in the following paragraph. Except as otherwise set forth in this 1998-C SUBI Servicing Supplement or in any other Transaction Document, the Servicer shall, on at least a monthly basis, deposit into the 1998-C SUBI Collection Account any proceeds of such Insurance Policy that the Servicer may receive with respect to any 1998-C Leased Vehicle. In each case as to which a deductible is applicable under any Contingent and Excess Liability Policy, the Servicer will pay the deductible on behalf of the insured. The foregoing obligation of the Servicer shall survive the resignation of the Servicer or any termination of it as Servicer under this 1998-C SUBI Servicing Supplement pursuant to Section 6.01 of this 1998-C SUBI Servicing Supplement.

OBLIGOR INSURANCE COVERAGE IN RESPECT OF LEASED VEHICLES. The Servicer shall use its normal servicing procedures (including procedures used in connection with new programs commenced in the ordinary course of business, whether or not implemented on a test basis) to ensure that the Obligor under each Contract shall have, and maintain in full force and effect during the term of such Contract, a comprehensive, collision and property damage insurance policy covering the actual cash value of the related Leased Vehicle and naming the Titling Trust or the Titling Trustee on behalf of the Titling Trust as a loss payee, as well as public liability, bodily injury and property damage coverage in the amounts required by applicable state law or as set forth in such Contract, and naming the Titling Trust or the Titling Trustee on behalf of the Titling Trust as an additional insured. Notwithstanding the foregoing, if an insurance policy names the Servicer rather than the Titling Trust or the Titling Trustee on behalf of the Titling Trust as loss payee or additional insured, the Servicer shall not be required to correct such designation as long as the Servicer is responsible for any increased deductibles under any Contingent and Excess Liability Policy as provided in the following paragraph. Except as otherwise set forth in this 1998-C B SUBI Servicing Supplement or in any other Transaction Document, the Servicer shall, on at least a monthly basis, deposit into the 1998-C B SUBI Collection Account any proceeds of such Insurance Policy that the Servicer may receive with respect to any 1998-C B Leased Vehicle. In each case as to which a deductible is applicable under any Contingent and Excess Liability Policy, the Servicer will pay the deductible on behalf of the insured. The foregoing obligation of the Servicer shall survive the resignation of the Servicer or any termination of it as Servicer under this 1998-C B SUBI Servicing Supplement pursuant to Section 6.01 of this 1998-C B SUBI Servicing Supplement.

OBLIGOR INSURANCE COVERAGE IN RESPECT OF LEASED VEHICLES. The Servicer shall use its normal servicing procedures (including procedures used in connection with new programs commenced in the ordinary course of business, whether or not implemented on a test basis) to ensure that the Obligor under each Contract shall have, and maintain in full force and effect during the term of such Contract, a comprehensive, collision and property damage insurance policy covering the actual cash value of the related Leased Vehicle and naming the Titling Trust or the Titling Trustee on behalf of the Titling Trust as a loss payee, as well as public liability, bodily injury and property damage coverage in the amounts required by applicable state law or as set forth in such Contract, and naming the Titling Trust or the Titling Trustee on behalf of the Titling Trust as an additional insured. Notwithstanding the foregoing, if an insurance policy names the Servicer rather than the Titling Trust or the Titling Trustee on behalf of the Titling Trust as loss payee or additional insured, the Servicer shall not be required to correct such designation as long as the Servicer is responsible for any increased deductibles under any Contingent and Excess Liability Policy as provided in the following paragraph. Except as otherwise set forth in this 19981997-C A SUBI Servicing Supplement or in any other Transaction Securitization Trust Document, the Servicer shall, on at least a monthly basis, deposit into the 19981997-C A SUBI Collection Account any proceeds of such Insurance Policy that the Servicer may receive with respect to any 19981997-C A Leased Vehicle. In each case as to which a deductible is applicable under any Contingent and Excess Liability Policy, the Servicer will pay the deductible on behalf of the insured. The foregoing obligation of the Servicer shall survive the resignation of the Servicer or any termination of it as Servicer under this 19981997-C A SUBI Servicing Supplement pursuant to Section 6.01 of this 19981997-C A SUBI Servicing Supplement.

OBLIGOR INSURANCE COVERAGE IN RESPECT OF LEASED VEHICLES. The Servicer shall use its normal servicing procedures (including procedures used in connection with new programs commenced in the ordinary course of business, whether or not implemented on a test basis) to ensure require that the Obligor under each Contract shall have, and maintain in full force and effect during as of the term date of such Contract, a comprehensive, collision and property damage insurance policy covering the actual cash value of the related Leased Vehicle and naming the Titling Trust or the Titling Trustee on behalf of the Titling Trust as a loss payee, as well as public liability, bodily injury and property damage coverage in the amounts required by applicable state law or as set forth in such Contract, and naming the Titling Trust or the Titling Trustee on behalf of the Titling Trust as an additional insured. Notwithstanding the foregoing, if an insurance policy names the Servicer rather than the Titling Trust or the Titling Trustee on behalf of the Titling Trust as loss payee or additional insured, the Servicer shall not be required to correct such designation as long as the Servicer is responsible for any increased deductibles under any Contingent and Excess Liability Policy as provided in the following paragraph. Except as otherwise set forth in this 1998-C 20[__]-[__] SUBI Servicing Supplement or in any other Transaction Document, the Servicer shall, on at least a monthly basisbasis if the Monthly Remittance Conditions are satisfied, but otherwise within two (2) Business Days of receipt by it thereof, deposit into the 1998-C 20[__]-[__] SUBI Collection Account any proceeds of such Insurance Policy that the Servicer may receive with respect to any 1998-C 20[__]-[__] Leased Vehicle. In each case as to which a deductible is applicable under any Contingent and Excess Liability Policy, the Servicer will pay the deductible on behalf of the insured. The foregoing obligation of the Servicer shall survive the resignation of the Servicer or any termination of it as Servicer under this 1998-C 20[__]-[__] SUBI Servicing Supplement pursuant to Section 6.01 of this 1998-C 20[__]-[__] SUBI Servicing Supplement.

OBLIGOR INSURANCE COVERAGE IN RESPECT OF LEASED VEHICLES. The Servicer shall use its normal servicing procedures (including procedures used in connection with new programs commenced in the ordinary course of business, whether or not implemented on a test basis) to ensure that the Obligor under each Contract shall have, and maintain in full force and effect during the term of such Contract, a comprehensive, collision and property damage insurance policy covering the actual cash value of the related Leased Vehicle and naming the Titling Trust or the Titling Trustee on behalf of the Titling Trust as a loss payee, as well as public liability, bodily injury and property damage coverage in the amounts required by applicable state law or as set forth in such Contract, and naming the Titling Trust or the Titling Trustee on behalf of the Titling Trust as an additional insured. Notwithstanding the foregoing, if an insurance policy names the Servicer rather than the Titling Trust or the Titling Trustee on behalf of the Titling Trust as loss payee Loss Payee or additional insuredAdditional Insured, the Servicer shall not be required to correct such designation as long as the Servicer is responsible for any increased deductibles under any Contingent contingent and Excess Liability Policy excess liability policy as provided in the following paragraph. Except as otherwise set forth in this 19981997-C A SUBI Servicing Supplement or in any other Transaction Securitization Trust Document, the Servicer shall, on at least a monthly basis, deposit into the 19981997-C A SUBI Collection Account any proceeds of such Insurance Policy that the Servicer may receive with respect to any 19981997-C A Leased Vehicle. In each case as to which a deductible is applicable under any Contingent and Excess Liability Policy, the Servicer will pay the deductible on behalf of the insuredinsured all amounts that would have been payable under such policy if there were no deductible (not to exceed the amount of such deductible) less amounts that are payable under any outstanding policy of primary insurance maintained (or that would be payable under any such policy maintained) as required under the related Contract. The foregoing obligation of the Servicer shall survive the resignation of the Servicer or any termination of it as Servicer under this 19981997-C A SUBI Servicing Supplement pursuant to Section 6.01 of this 19981997-C A SUBI Servicing Supplement.

OBLIGOR INSURANCE COVERAGE IN RESPECT OF LEASED VEHICLES. The Servicer shall use its normal servicing procedures (including procedures used in connection with new programs commenced in the ordinary course of business, whether or not implemented on a test basis) to ensure that the Obligor under each Contract shall have, and maintain in full force and effect during as of the term date of such Contract, a comprehensive, collision and property damage insurance policy covering the actual cash value of the related Leased Vehicle and naming the Titling Trust or the Titling Trustee on behalf of the Titling Trust as a loss payee, as well as public liability, bodily injury and property damage coverage in the amounts required by applicable state law or as set forth in such Contract, and naming the Titling Trust or the Titling Trustee on behalf of the Titling Trust as an additional insured. Notwithstanding the foregoing, if an insurance policy names the Servicer rather than the Titling Trust or the Titling Trustee on behalf of the Titling Trust as loss payee or additional insured, the Servicer shall not be required to correct such designation as long as the Servicer is responsible for any increased deductibles under any Contingent and Excess Liability Policy as provided in the following paragraph. Except as otherwise set forth in this 1998-C 20[__]-[__] SUBI Servicing Supplement or in any other Transaction Document, the Servicer shall, on at least a monthly basis, deposit into the 1998-C 20[__]-[__] SUBI Collection Account any proceeds of such Insurance Policy that the Servicer may receive with respect to any 1998-C 20[__]-[__] Leased Vehicle. In each case as to which a deductible is applicable under any Contingent and Excess Liability Policy, the Servicer will pay the deductible on behalf of the insured. The foregoing obligation of the Servicer shall survive the resignation of the Servicer or any termination of it as Servicer under this 1998-C 20[__]-[__] SUBI Servicing Supplement pursuant to Section 6.01 of this 1998-C 20[__]-[__] SUBI Servicing Supplement.