Common use of Specifics of Default Servicing; Insurance Policies Clause in Contracts

Specifics of Default Servicing; Insurance Policies. (a) Upon the occurrence of a Servicing Trigger with respect to a Program Receivable all servicing activities related to such Program Receivable immediately shall be transferred to the Servicer and the Subservicer shall have no further duties with respect to such Program Receivable; provided, that if the event which caused such Servicing Trigger with respect to a Program Receivable is subsequently cured or no longer exists, all servicing actions with respect to such Program Receivable immediately shall be transferred to the Subservicer. (b) To the extent applicable, the Subservicer shall not take any action that it knows, or should reasonably be expected to know, would result in non-coverage under a insurance policy for any Program Receivable with respect to any liability which, but for the actions of the Subservicer, would have been covered thereunder. Any amounts collected by the Subservicer under any physical damage insurance policy shall be deposited in the Servicer Account pursuant to Section 4.1. The Subservicer shall not force place any insurance coverage.