Examples of The Backup Servicer in a sentence
The Backup Servicer shall have no liability for any actions taken or omitted by the Servicer.
The Backup Servicer is not required to obtain the consent of any other party or any consent, license, approval or authorization, or registration or declaration with, any governmental authority, bureau or agency in connection with the execution, delivery, performance, validity or enforceability of this Agreement which has not already been obtained.
The Backup Servicer and such successor shall take such action, consistent with this Agreement, as shall be necessary to effectuate any such succession.
The Backup Servicer makes the following representations on which the Issuer is deemed to have relied in acquiring the Receivables.
The Backup Servicer shall be entitled to recover its costs thereby expended in accordance with Section 5.7(a) of this Agreement.