Common use of Program Portfolios Clause in Contracts

Program Portfolios. (a) The Servicer shall have no obligation to retain the Subservicer to service the entire Total Servicing Portfolio and may from time to time engage other subservicers to service portions of the Total Servicing Portfolio. (b) The Subservicer shall have no obligation to act as Subservicer for any Program Portfolio and shall only be obligated to service those Program Portfolios for which it has entered into a Program Portfolio Schedule with respect thereto. Additionally, nothing herein shall be construed so as to restrict the Subservicer from performing the same or similar services or entering into the same or similar servicing agreements with any other company or organization with respect to assets other than the Program Receivables.