Acceptance of Appointment and Other Matters Relating to the Servicer. (a) DFS agrees to act as the Servicer under this Agreement and the Pooling and Servicing Agreement, and the Buyer consents to DFS acting as Servicer. DFS will have ultimate responsibility for servicing, managing and making collections on the Receivables and will have the authority to make any management decisions relating to such Receivables, to the extent such authority is granted to the Servicer under this Agreement and the Pooling and Servicing Agreement. (b) DFS shall service and administer the Receivables in accordance with the revisions of the Pooling and Servicing Agreement.
Appears in 3 contracts
Sources: Receivables Contribution and Sale Agreement (Deutsche Floorplan Receivables L P), Receivables Contribution and Sale Agreement (Distribution Financial Services Floorplan Master Trust), Receivables Contribution and Sale Agreement (CDF Funding, Inc.)