Common use of Amendments to the Servicing Agreement Clause in Contracts

Amendments to the Servicing Agreement. The Servicing Agreement is hereby amended as follows: (a) The following shall be added to Section 2.2 as a new subsection (f): (f) Servicer shall deliver “Instructions”, as that term is defined in the Custody and Control Agreement dated as of September 25, 2003, by and among Deutsche Bank Trust Company Americas, as custodian (in such capacity, the “Custodian”), the Successor Owner and Deutsche Bank Trust Company Americas, as Indenture Trustee (the “Custody and Control Agreement”), on behalf of Successor Owner, and shall direct the Custodian as to the investment of funds credited to the Trust Accounts; provided that Servicer will direct the Custodian to invest only in Permitted Investments (as such terms are defined in the Custody and Control Agreement) maturing no later than the required distribution date for such funds or, if earlier, the date specified in the Related Documents.” (b) The following shall be added to Section 2.4 as a new clause (e): “and (e) to deliver “Instructions” and other directions as to the investment of funds credited to the Trust Accounts (as such terms are defined in the Custody and Control Agreement) on behalf of the Successor Owner; provided that such directions will limit the investment of funds only to Permitted Investments (as such term is defined in the Custody and Control Agreement) maturing no later than the required distribution date for such funds or, if earlier, the date specified in the Related Documents.” (c) Section 2.8 shall be replaced in its entirety with the following provisions:

Appears in 2 contracts

Sources: Servicing Agreement, Servicing Agreement (RFS Holding LLC)