Common use of Servicer to Act as Custodian Clause in Contracts

Servicer to Act as Custodian. (a) The Servicer shall hold and acknowledges that it is holding the Series 1999-1 Contracts hereunder as custodian for the Trustee.

Appears in 3 contracts

Samples: Master Facility Agreement (Advanta Leasing Receivables Corp Ix), Master Facility Agreement (Advanta Business Services Corp), Master Facility Agreement (Advanta Leasing Receivables Corp Ix)

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Servicer to Act as Custodian. (a) The Servicer shall hold and acknowledges that it is holding the Series 19991998-1 Contracts hereunder as custodian for the Trustee.

Appears in 1 contract

Samples: Master Lease Agreement (Advanta Leasing Receivables Corp Iv)

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