Appointment and Duties of Servicer Sample Clauses

Appointment and Duties of Servicer. (a) The managing, ---------------------------------- servicing, administering and making collections on the Contracts shall be conducted by the Person so designated from time to time as Servicer in accordance with this Agreement. PeopleFirst is hereby initially designated as, and hereby agrees to perform, the duties and obligations of the Servicer pursuant to the terms hereof and the other Basic Documents. Subject to the resignation of PeopleFirst as Servicer pursuant to Section 7.5 or the termination of PeopleFirst as Servicer pursuant to Section 8.1 and, in either case, the assumption by the Backup Servicer, or the designation of a successor Servicer hereunder as the case may be, of the Servicer's duties and responsibilities in accordance with Section 8A.7, PeopleFirst shall continue to manage, service, administer and collect on the Receivables pursuant to this Agreement, unless and until expressly agreed otherwise by the Seller, the Issuer and the Controlling Party. The Servicer, as agent for the Issuer and the Insurer (to the extent provided herein), shall manage, service, administer and make collections on the Receivables (other than Purchased Receivables) in accordance with all applicable federal, state or local laws and regulations and with reasonable care, using that degree of skill and attention that the Servicer exercises with respect to all comparable automotive receivables that it services for itself or others, and in any event with no less degree of skill and care than would be exercised by a prudent servicer of motor vehicle loans (the "Servicing Standard"), except that the Servicer shall not be obligated, and does not currently intend, to (i) obtain force-placed insurance concerning any Financed Vehicle or (ii) monitor any Obligor's maintenance of such insurance. The Servicer's duties shall include collection and posting of all payments, responding to inquiries of Obligors on such Receivables, investigating delinquencies, sending payment statements to Obligors, accounting for collections and furnishing monthly and annual statements to the Owner Trustee, Indenture Trustee and the Insurer with respect to distributions, reporting tax information, if any, to Obligors and delivering Receivable Files to the Custodian. Subject to the provisions of Section 4.2, the Servicer shall follow its customary standards, policies and procedures in performing its duties as Servicer. Without limiting the generality of the foregoing, the Servicer is authorized a...

Appointment and Duties of Servicer. (a) ▇▇▇▇▇▇ hereby appoints Western as Servicer under this Servicing Agreement. Servicer shall perform the services required of it pursuant to the terms of this Servicing Agreement. In performing its duties hereunder, Servicer shall have full power and authority to do or cause to be done any and all things in connection with such servicing and administration which it may deem necessary, appropriate or desirable in accordance with the standard of care specified herein. (b) The sole consideration payable to Servicer for performance of its duties under this Servicing Agreement shall be the agreements of, and any payments of the purchase prices of Purchased Receivables by, ▇▇▇▇▇▇ under the Receivables Purchasing Agreement. Notwithstanding the foregoing, upon the Completion of the Last Pool, the Purchaser shall pay the Servicer an incentive fee (the "Incentive Fee") in an amount equal to 80% of the time value of the weighted average period by which the collection cycle for the Last Pool and all Pools which had not reached Completion as of the Funding Date of the Last Pool are less than 75 days. Except as provided in the preceding sentences, ▇▇▇▇▇▇ shall not have any liability to Western for payment of any compensation for services rendered by Western hereunder. Servicer shall not have, and expressly waives, all rights of set off it may have as to ▇▇▇▇▇▇'▇ moneys or other personal property (tangible or intangible) whatsoever that may from time to time be in the possession of Servicer. (c) ▇▇▇▇▇▇ shall be entitled to terminate the services of Servicer, at any time on or after the occurrence of an Event of Termination. (d) Servicer, in the limited capacity of its making Collections of Purchased Receivables pursuant to Section 2.02 hereof, shall be acting as agent for ▇▇▇▇▇▇, and shall be deemed to be holding such Collections, moneys or other personal property (tangible or intangible) whatsoever in trust on behalf of ▇▇▇▇▇▇. (e) In the event Servicer shall for any reason no longer be acting as such (including by reason of an Event of Default as specified in Section 5.01 hereof), any Successor Servicer (as defined in Section 5.02(c)) appointed by ▇▇▇▇▇▇ (or, if ▇▇▇▇▇▇ chooses not to appoint a Successor Servicer, ▇▇▇▇▇▇) shall thereupon assume all of the rights and obligations of Servicer under this Servicing Agreement. ▇▇▇▇▇▇ or any Successor Servicer, as the case may be, shall be deemed to have assumed all of Servicer's interest and obligations hereunder and to have...

Appointment and Duties of Servicer. 32 SECTION 4.2. Collection and Allocation of Receivable Payments..............34 SECTION 4.3. Realization upon Receivables..................................35 SECTION 4.4. [RESERVED]....................................................35 SECTION 4.5. Maintenance of Security Interests in Financed Vehicles........35 SECTION 4.6.

Appointment and Duties of Servicer. 9. SERVICER FUNCTIONS

Appointment and Duties of Servicer. 16 Section 6.2.

Appointment and Duties of Servicer. Client hereby appoints the Servicer to manage, administer, service and receive collections on the Receivables as specified herein and to otherwise perform the duties of servicer. In performing its duties hereunder, the Servicer shall have full power and authority to do or cause to be done any and all things in connection with such servicing and administration which it may deem necessary or desirable, within the terms of this Servicing Agreement. Specifically, Servicer will provide the following services:

Appointment and Duties of Servicer. 3 Section 2.02. Collection of Premium Receivable Payments..................

Appointment and Duties of Servicer. (a) The managing, servicing, administering and making collections on the Contracts shall be conducted by the Person so designated from time to time as Servicer in accordance with this Agreement. PeopleFirst is hereby initially designated as, and hereby agrees to perform, the duties and obligations of the Servicer pursuant to the terms hereof and the other Basic Documents. Subject to the resignation of PeopleFirst as Servicer pursuant to Section 7.5 or the termination of PeopleFirst as Servicer pursuant to Section 8.1 and, in either case, the assumption by the Backup Servicer, or the designation of a successor Servicer hereunder as the case may be, of the Servicer's duties and responsibilities in accordance with Section 8A.7, PeopleFirst shall continue to manage, service, administer and collect on the Receivables pursuant to this Agreement, unless and until expressly agreed otherwise by the Seller, the Issuer and the Controlling Party. The Servicer, as agent for the Issuer and, to the extent provided herein, the Insurer and the Indenture Trustee, shall manage, service, administer and make collections on the Receivables (other than Purchased Receivables) in accordance with all applicable federal, state or local laws and regulations and with reasonable care, using that degree of skill and attention that the Servicer exercises with respect to all comparable automotive receivables that it services for itself or others, and in any event with no less degree of skill and care than would be

Appointment and Duties of Servicer