Common use of Subservicers Clause in Contracts

Subservicers. The Servicer may delegate in the ordinary course of business any or all of its duties and obligations hereunder to one or more Subservicers; provided, however, that the Servicer shall at all times remain responsible for the performance of such duties and obligations.

Appears in 4 contracts

Samples: Warehouse Agreement (Vroom, Inc.), Warehouse Agreement (Vroom, Inc.), Loan and Security Agreement (DT Acceptance Corp)

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Subservicers. The Servicer may at any time and from time to time delegate in the ordinary course of business any or all of its duties and obligations hereunder to one or more Subservicers; provided, however, that (i) each initial Subservicer shall only be responsible for servicing Receivables in the State in which it is located and (ii) notwithstanding any other provision of this Agreement, the Servicer shall at all times remain responsible for the performance of such duties and obligations.. The identity of each Subservicer shall be listed on Schedule E.

Appears in 2 contracts

Samples: Credit Agreement (Regional Management Corp.), Credit Agreement (Regional Management Corp.)

Subservicers. The Servicer may delegate in the ordinary course of business any or all of its duties and obligations hereunder to one or more Subservicers; provided, however, that the Servicer shall at all times remain responsible for the performance of such duties and obligations. The Servicer will notify the Administrative Agent of any material delegation of duties and obligations (for avoidance of doubt, adding/replacing vendors is not material).

Appears in 1 contract

Samples: Warehouse Agreement (Vroom, Inc.)

Subservicers. The Servicer may at any time and from time to time delegate in the ordinary course of business any or all of its duties and obligations hereunder to one or more Subservicers; provided, however, that the Servicer shall at all times remain responsible for the performance of such duties and obligations.

Appears in 1 contract

Samples: Loan and Security Agreement (DT Acceptance Corp)

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Subservicers. The (a) Servicer may delegate in the ordinary course of business any or all of its duties and obligations hereunder to appoint one or more Subservicersof its Affiliates as subservicers (each a “Subservicer”) to perform any of Servicer’s obligations hereunder from time to time in its sole discretion; providedprovided that, however, that such servicing arrangement and the Servicer shall at all times remain responsible term of the related subservicing agreement (if any) must provide for the performance servicing of such duties and obligationsthe Loans in a manner consistent with the servicing arrangements contemplated hereunder.

Appears in 1 contract

Samples: Servicing Agreement (Springleaf Holdings, LLC)

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