Common use of Subservicer Covenant Clause in Contracts

Subservicer Covenant. The Subservicer covenants that it shall not (i) deliver a privacy or other statement to any Obligor pursuant to the Xxxxx-Xxxxx-Xxxxxx Act or any other similar Applicable Law, without the written approval of the Servicer. In the event the Servicer does not deliver such a statement to any obligor as required and the Subservicer delivers such a statement, Servicer agrees that it will pay the reasonable costs of the statements and delivery costs, or (ii) otherwise contact or solicit any Obligor throughout the life of the related Program Receivable other than as expressly permitted by this Agreement.