Common use of Verification and Confirmation Duties Clause in Contracts

Verification and Confirmation Duties. The Backup Servicer agrees to perform all of the duties of the Backup Servicer as identified on Schedule I hereto (collectively, the “Verification and Confirmation Duties”) on behalf of the Issuing Entity in accordance with the terms of this Agreement. On or before each Determination Date (beginning with the Determination Date immediately preceding the initial Payment Date), the Servicer shall deliver to the Backup Servicer the Servicer’s Certificate and a computer tape in a format acceptable to the Backup Servicer containing the information with respect to the Receivables for the preceding Collection Period necessary for the preparation of the Servicer’s Certificate and the performance of the Verification and Confirmation Duties relating to such Collection Period.