Designation of Servicer. 22 Section 8.2
Designation of Servicer. (a) The servicing, administration and collection of the Receivables shall be conducted by such Person (the “Servicer”) so designated from time to time in accordance with this Section 8.1.
Designation of Servicer. (a) The servicing, administration and collection of the Receivables shall be conducted by such Person (the “Servicer”) so designated from time to time in accordance with this Section 8.1. ABDC is hereby designated as, and hereby agrees to perform the duties and obligations of, the Servicer pursuant to the terms of this Agreement. The Required Purchaser Agents may at any time following the occurrence of an Amortization Event designate as Servicer any Person to succeed ABDC or any successor Servicer; provided that the Rating Agency Condition is satisfied.
Designation of Servicer. (a) The servicing, administering and collection of the Pledged Contracts shall be conducted by the Person so designated from time to time in accordance with this Section 6.01. Until the Program Agent, with the consent or at the direction of the Managing Agents, gives notice to the Borrower and the Servicer of the designation of a new Servicer as provided in Section 6.01(c) below, DTCC is hereby designated as, and hereby agrees to perform the duties and obligations of, the Servicer pursuant to the terms hereof. The Borrower hereby grants to Servicer an irrevocable power of attorney, with full power of substitution, coupled with an interest, to take in the name of the Borrower any and all steps which are necessary or advisable to endorse, negotiate or otherwise realize on any writing or other right of any kind in connection with any Pledged Contract or other Collateral.
Designation of Servicer. (a) The servicing, administration and collection of the Receivables on behalf of Agent and the Purchasers shall be conducted by such Person (the “Servicer”) so designated from time to time in accordance with this Section 8.1. PDCo is hereby designated as, and hereby agrees to perform the duties and obligations of, Servicer for Agent and the Purchasers pursuant to the terms of this Agreement. Agent (on behalf of the Purchasers) may, and at the direction of the Required Purchasers shall, at any time following the occurrence of an Amortization Event designate as Servicer any Person to succeed PDCo or any successor Servicer.
Designation of Servicer. (a) The servicing, administration and collection of the Receivables shall be conducted by such Person (the "Servicer") so designated from time to time in accordance with this Section 6.1. The Seller is hereby designated as, and hereby agrees to perform the duties and obligations of, the Servicer pursuant to the terms of this Agreement. The Agent may at any time in its sole discretion terminate the Seller as Servicer on notice given by the Agent to the Seller and may designate as Servicer any Person to succeed the Seller or any successor Servicer.
Designation of Servicer. The servicing, administering and enforcement of collection of the Receivables shall be conducted by the Person (the "Servicer") so designated from time to time in accordance with this Section 5.02. Victxx xx hereby designated as, and hereby agrees to perform the duties and obligations of, the Servicer pursuant to the terms hereof, provided that TRI or, subject to the terms set forth in the RPA, the Trustee may, upon the occurrence of a Servicer Termination Event, give notice to Victxx xx the designation of a new Servicer to succeed Victxx xxx may thereafter designate any Person to succeed such successor Servicer on the condition that any such Person so designated shall agree to perform the duties and obligations of the Servicer provided herein or in the RPA. In the event that TRI or the Trustee, as applicable, is unable to designate a successor Servicer, the Trustee shall serve as the Servicer until a successor Servicer is designated pursuant to Section 8.02(a) of the RPA. In addition to the foregoing, and subject to the terms set forth in the RPA, until TRI or the Trustee gives notice to Victxx xx the designation of a new Collection Agent, TRI hereby designates Victxx xx, and Victxx xxxeby agrees to perform the duties and obligations of, the Collection Agent under the RPA. It is expressly understood that, as between Victxx xxx TRI, TRI will retain responsibility for withdrawing all amounts remitted to the Lockbox Accounts and Victxx xxxll have no such rights of withdrawal. TRI may at any time designate any Person (including itself) to replace Victxx xx Servicer or Collection Agent. For so long as Victxx xx the Servicer, Victxx xxx delegate certain servicing obligations to Sellers, but Victxx xxxll not be relieved of any of its obligations as Servicer as a result of such delegation.
Designation of Servicer. 24 Section 8.2 Duties of Servicer...........................................24 Section 8.3 Collection Notices...........................................26 Section 8.4 Responsibilities of Seller...................................26 Section 8.5 Reports......................................................26 Section 8.6
Designation of Servicer. The servicing, administration and collection of the Pool Receivables shall be conducted by the Servicer so designated hereunder from time to time. Until the Agent gives notice to the Seller of the designation of a new Servicer in accordance with the provisions of the next sentence, ACSC is hereby designated as, and hereby agrees to perform the duties and obligations of, the Servicer pursuant to the terms hereof. The Agent may, at any time after the occurrence and during the continuance of a Servicer Default, designate as Servicer any Person (including itself) to succeed ACSC or any successor Servicer, if such Person shall consent and agree to the terms hereof. The Servicer may, with the prior consent of the Agent, subcontract with any other Person for the servicing, administration or collection of the Pool Receivables. Any such subcontract shall not affect the Servicer’s liability for performance of its duties and obligations pursuant to the terms hereof, and any such subcontract shall automatically terminate upon designation of a successor Servicer. The Servicer hereby appoints ACI as subservicer (ACI, in such capacity, the “Subservicer”) to perform the servicing, administration and collections functions of the Servicer hereunder and with respect to the other Transaction Documents; provided that the foregoing designation of ACI as subservicer does not (i) extend to the amendment or modification of a Receivable in accordance with Section 6.02(c) or (ii) contravene or otherwise exceed or violate Section 6.09. In no instance will the servicing and subservicing hereunder be inconsistent with, or in violation of, the terms and conditions of the Insurance Policy (and ACI shall continue its servicing and administration of the Insurance Policy). The Agent hereby consents to the designation of ACI as subservicer hereunder.
Designation of Servicer. 21 SECTION 6.02. Duties of the Servicer.......................................................................22 SECTION 6.03. Rights of the Buyer..........................................................................24 SECTION 6.04. Further Action Evidencing Transfers..........................................................25 SECTION 6.05. Responsibilities of the Seller...............................................................25 SECTION 6.06. Administration of Collections by Servicer....................................................25 SECTION 6.07. Application of Collections...................................................................26
