Common use of Authorization of the Servicer Clause in Contracts

Authorization of the Servicer. The Buyer hereby authorizes the Servicer to take any and all reasonable steps in the Buyer’s name and on the Buyer’s behalf necessary or desirable in the determination of the Servicer to collect all amounts due under any and all Receivables, including, without limitation, endorsing any of their names on checks and other instruments representing Collections, executing and delivering any and all instruments of satisfaction or cancellation, or of partial or full release or discharge, and all other comparable instruments, with respect to the Receivables and, after the delinquency of any Receivables and to the extent permitted under and in compliance with Applicable Law, to commence proceedings with respect to enforcing payment thereof. The Buyer shall furnish the Servicer with any powers of attorney and other documents necessary or appropriate to enable the Servicer to carry out its servicing and administrative duties hereunder, and shall cooperate with the Servicer to the fullest extent in order to ensure the collectability of the Receivables. In no event shall the Servicer be entitled to make the Buyer a party to any litigation without the Buyer’s express prior written consent.