Common use of Acceptance of Appointment and Other Matters Relating to the Servicer Clause in Contracts

Acceptance of Appointment and Other Matters Relating to the Servicer. Holdings agrees to act as the Servicer under this Agreement and the Securityholders by their acceptance of Securities consent to Holdings acting as Servicer. Notwithstanding the foregoing or any other provisions of this Agreement or any Supplement, the Investor Securityholders consent to any Account Owner acting as Servicer hereunder, in full substitution for Holdings; provided that such Account Owner acting as Servicer shall (i) be an Eligible Servicer and (ii) expressly assume in writing (unless such assumption occurs by operation of law), by an agreement supplemental hereto, executed and delivered to the Trustee, the performance of every covenant and obligation of the Servicer, as applicable hereunder, and shall in all respects be designated the Servicer under this Agreement.

Acceptance of Appointment and Other Matters Relating to the Servicer. Holdings agrees to act as the Servicer under this Agreement and the Securityholders Certificateholders by their acceptance of Securities Certificates consent to Holdings acting as Servicer. Notwithstanding the foregoing or any other provisions of this Agreement or any Supplement, the Investor Securityholders Certificateholders consent to any Account Owner acting as Servicer hereunder, in full substitution for Holdings; provided that such Account Owner acting as Servicer shall (i) be an Eligible Servicer and (ii) expressly assume in writing (unless such assumption occurs by operation of law), by an agreement supplemental hereto, executed and delivered to the Trustee, the performance of every covenant and obligation of the Servicer, as applicable hereunder, and shall in all respects be designated the Servicer under this Agreement.