Common use of SCOPE OF ADMINISTRATION AND MANAGEMENT SERVICES RENDERED BY THE SERVICER Clause in Contracts

SCOPE OF ADMINISTRATION AND MANAGEMENT SERVICES RENDERED BY THE SERVICER. 2.1 Collection of amounts due (a) collect all Purchased Receivables, and ensure payment of all sums, due under or in connection with the relevant Purchased Receivables; (b) ensure payment of Collections into the Distribution Account in accordance with this Agreement; (c) recover amounts from Obligors that are not paid when due; (d) enforce all obligations of Obligors under the Financing Contracts; and (e) assist in the sale or disposal of each Vehicle following termination of its related Financing Contract where the Vehicle is returned to the Servicer and achieve a fair market price for such Vehicle sold or disposed of (save to the extent the Receivable relating to such Financing Contract is a Redelivery Purchased Receivable and has been repurchased by VWFS under the Redelivery Repurchase Agreement on the Redelivery Repurchase Date), in each case on behalf of the Issuer and the Security Trustee in an efficient and timely fashion in accordance with the provisions of the Financing Contracts and its Customary Operating Practices.

Appears in 4 contracts

Samples: Servicing Agreement, Servicing Agreement, Servicing Agreement

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