Common use of Sub-Servicing Clause in Contracts

Sub-Servicing. (a) The Servicer may enter into one or more sub-servicing agreements with a sub-servicer upon such terms and conditions as the Servicer may reasonably agree and as are not inconsistent with this Indenture. References herein to actions taken or to be taken by the Servicer in servicing the Timeshare Loans include actions taken or to be taken by a sub-servicer on behalf of the Servicer. The Servicer shall be solely responsible for any sub-servicing fees due and payable to such sub-servicer.

Appears in 4 contracts

Samples: Indenture (Silverleaf Resorts Inc), Indenture (Silverleaf Resorts Inc), Silverleaf Resorts Inc

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Sub-Servicing. (a) The Servicer may enter into one or more sub-servicing subservicing agreements with a sub-servicer upon such terms and conditions as subservicer provided the Servicer may reasonably agree and as are not inconsistent with this Indentureprovides prior written notice of any such subservicing agreement to the Rating Agencies. References herein to actions taken or to be taken by the Servicer in servicing the Timeshare Loans include actions taken or to be taken by a sub-servicer subservicer on behalf of the Servicer. Any subservicing agreement will be upon such terms and conditions as the Servicer may reasonably agree and as are not inconsistent with this Indenture. The Servicer shall be solely responsible for any sub-servicing fees due and payable to such sub-servicersubservicing fees.

Appears in 3 contracts

Samples: Indenture (Diamond Resorts International, Inc.), Diamond Resorts International, Inc., Diamond Resorts International, Inc.

Sub-Servicing. (a) a. The Servicer may enter into one or more sub-servicing agreements with a sub-servicer upon such terms and conditions as the Servicer may reasonably agree and as are not inconsistent with this Indenture. References herein to actions taken or to be taken by the Servicer in servicing the Timeshare Loans include actions taken or to be taken by a sub-servicer on behalf of the Servicer. The Servicer shall be solely responsible for any sub-servicing fees due and payable to such sub-servicer. The Servicer shall provide the Rating Agency with prompt written notice upon entering into any sub-servicing agreements.

Appears in 1 contract

Samples: Silverleaf Resorts Inc

Sub-Servicing. (a) The Servicer may enter into one or more sub-servicing agreements with a sub-servicer, provided that the Servicer shall be solely responsible for any sub-servicing fees due and payable to such sub-servicer and any sub-servicing agreement will be upon such terms and conditions as the Servicer may reasonably agree and as are not inconsistent with this Indenture. References herein to actions taken or to be taken by the Servicer in servicing the Timeshare Loans include actions taken or to be taken by a sub-servicer on behalf of the Servicer. The Servicer shall be solely responsible for any sub-servicing fees due and payable to such sub-servicer.

Appears in 1 contract

Samples: Bluegreen Corp

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Sub-Servicing. (a) The Servicer may enter into one or more sub-servicing agreements with a sub-servicer upon such terms and conditions as the Servicer may reasonably agree and as are not inconsistent with this Indenture. References herein to actions taken or to be taken by the Servicer in servicing the Timeshare Loans include actions taken or to be taken by a sub-servicer on behalf of the Servicer. The Servicer shall be solely responsible for any sub-servicing fees due and payable to such sub-servicer. The Servicer shall provide the Rating Agency with prompt written notice upon entering into any sub-servicing agreements.

Appears in 1 contract

Samples: Indenture (Silverleaf Resorts Inc)

Sub-Servicing. (a) a. The Servicer may enter into one or more sub-servicing agreements with a sub-servicer upon such terms and conditions as the Servicer may reasonably agree and as are not inconsistent with this Indenture. References herein to actions taken or to be taken by the Servicer in servicing the Timeshare Loans include actions taken or to be taken by a sub-servicer on behalf of the Servicer. The Servicer shall be solely responsible for any sub-servicing fees due and payable to such sub-servicer.

Appears in 1 contract

Samples: Silverleaf Resorts Inc

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