Common use of Sub-Servicing Clause in Contracts

Sub-Servicing. (a) The Servicer may enter into one or more subservicing agreements with a subservicer provided any such subservicing agreement is reasonably acceptable to the Majority Facility Investors. 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 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 and Servicing Agreement. The Servicer shall be solely responsible for any subservicing fees.

Sub-Servicing. (a) The Servicer may enter into one or more subservicing agreements with a subservicer provided any such subservicing agreement is reasonably acceptable to Holders representing at least 51% of the Majority Facility Investorsthen Outstanding Note Balance of each Class of Notes. 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 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 and Servicing AgreementIndenture. The Servicer shall be solely responsible for any subservicing fees.

Sub-Servicing. (a) The Servicer may enter into one or more subservicing sub-servicing agreements with a subservicer provided any such subservicing agreement is reasonably acceptable to sub-servicer upon consent of the Majority Facility InvestorsBuyer, which shall not be unreasonably withheld, conditioned or delayed. 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 subservicer sub-servicer on behalf of the Servicer. Any subservicing sub-servicing agreement will shall be upon such terms and conditions as the Servicer may reasonably agree and as are not inconsistent with this Indenture and Servicing Agreement. The Servicer shall be solely responsible for any subservicing feessub-servicing fees due and payable to such sub-servicer.

Sub-Servicing. (a) The Servicer may enter into one or more subservicing agreements with a subservicer provided that any such subservicing agreement is reasonably acceptable to approved by the Majority Facility InvestorsNoteholders. 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 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 and Servicing AgreementIndenture. The Servicer shall be solely responsible for any subservicing fees.