Common use of Responsibilities of the Borrowers Clause in Contracts

Responsibilities of the Borrowers. (a) Anything herein to the contrary notwithstanding, each Borrower shall: (i) perform all of its obligations, if any, under the Contracts related to the Pool Receivables to the same extent as if interests in such Pool Receivables had not been transferred hereunder, and the exercise by the Administrative Agent, or any other Credit Party of their respective rights hereunder shall not relieve such Borrower from such obligations and (ii) pay when due any taxes, including any sales taxes payable in connection with the Pool Receivables and their creation and satisfaction. None of the Credit Parties shall have any obligation or liability with respect to any Collateral, nor shall any of them be obligated to perform any of the obligations of any Xxxxx Party thereunder. (b) Xxxxx hereby irrevocably agrees that if at any time it shall cease to be the Servicer hereunder, it shall act (if the then-current Servicer so requests) as the data-processing agent of the Servicer and, in such capacity, Xxxxx shall conduct the data-processing functions of the administration of the Receivables and the Collections thereon in substantially the same way that Xxxxx conducted such data-processing functions while it acted as the Servicer. In connection with any such processing functions, the Borrowers shall pay to Xxxxx its reasonable out-of-pocket costs and expenses from the Borrowers’ own funds (subject to the priority of payments set forth in Section 4.01).

Responsibilities of the Borrowers. (a) Anything herein to the contrary notwithstanding, each Borrower shall: (i) perform all of its obligations, if any, under the Contracts related to the Pool Receivables to the same extent as if interests in such Pool Receivables had not been transferred hereunderReceivables, and the exercise by the Administrative AgentAdministrator, any Group Agent or any other Credit Party Lender of their respective rights hereunder shall not relieve such any Borrower from such obligations obligations, and (ii) pay when due any taxes, including any sales taxes payable in connection with the Pool Receivables and their creation and satisfaction. None of the Credit Parties Administrator, the Group Agents or the Lenders shall have any obligation or liability with respect to any CollateralPool Asset, nor shall any of them be obligated to perform any of the obligations of any Xxxxx Party Borrower, any Servicer, CB or any Originators thereunder. (b) Xxxxx Each Servicer hereby irrevocably agrees that if at any time it shall cease to be the a Servicer hereunder, it shall act (if the such then-current Servicer so requests) as the data-data processing agent of the such Servicer and, in such capacity, Xxxxx each Servicer shall conduct the data-data processing functions of the administration of the Pool Receivables and the Collections thereon in substantially the same way that Xxxxx such Servicer conducted such data-data processing functions while it acted as the Servicer. In connection with any such processing functions, the Borrowers shall pay to Xxxxx its reasonable out-of-pocket costs and expenses from the Borrowers’ own funds (subject to the priority of payments set forth in Section 4.01).