Common use of Custody of Receivable Files Clause in Contracts

Custody of Receivable Files. To assure uniform quality in servicing the Receivables and to reduce administrative costs, the Issuer hereby revocably appoints the Servicer, and the Servicer hereby accepts such appointment, to act for the benefit of the Issuer and the Indenture Trustee as custodian of the following documents or instruments which are hereby or will hereby be constructively delivered to the Indenture Trustee, as pledgee of the Issuer, as of the Closing Date with respect to each Receivable: (a) the fully executed original of the Standard Receivable or Fixed Value Receivable; (b) the original credit application fully executed by the Obligor; (c) the original certificate of title or such documents that the Servicer or the Seller shall keep on file, in accordance with its customary procedures, evidencing the security interest of the Seller in the Financed Vehicle; and (d) any and all other documents that the Servicer or the Seller shall keep on file, in accordance with its customary procedures, relating to a Standard Receivable or Fixed Value Receivable, an Obligor or a Financed Vehicle.

Custody of Receivable Files. To assure uniform quality in servicing the Receivables and to reduce administrative costs, the Issuer Issuing Entity hereby revocably appoints the Servicer, and the Servicer hereby accepts such appointment, to act for the benefit of the Issuer Issuing Entity and the Indenture Trustee as custodian of the following documents or instruments which are hereby or will hereby be constructively delivered to the Indenture Trustee, as pledgee of the IssuerIssuing Entity, as of the Closing Date with respect to each Initial Receivable and as of the Subsequent Transfer Date with respect to each Subsequent Receivable, if any: (a) the fully executed original Contract of the Standard Receivable or Fixed Value such Receivable; (b) the original credit application fully executed by the ObligorObligor or such other information as the Servicer may keep on file in accordance with its customary servicing procedures; (c) the original certificate of title or such documents that the Servicer or the Seller Depositor shall keep on file, in accordance with its customary procedures, evidencing the security interest of the Seller World Omni in the Financed Vehicle; and (d) any and all other documents that the Servicer or the Seller Depositor shall keep on file, in accordance with its customary procedures, relating to a Standard Receivable or Fixed Value Receivable, an Obligor or a Financed Vehicle.

Custody of Receivable Files. To assure uniform quality in servicing the Receivables and to reduce administrative costs, the Issuer hereby revocably appoints the Servicer, and the Servicer hereby accepts such appointment, to act for the benefit of the Issuer and the Indenture Trustee as custodian of the following documents or instruments which are hereby or will hereby be constructively delivered to the Indenture Trustee, as pledgee of the Issuer, as of the Closing Date with respect to each Receivable: (a) the fully executed original of the Standard Receivable or Fixed Value Receivable; (b) the original credit application fully executed by the Obligor; (c) the original certificate of title or such documents that the Servicer or the Seller shall keep on file, in accordance with its customary procedures, evidencing the security interest of the Seller in the Financed Vehicle; and (d) any and all other documents that the Servicer or the Seller shall keep on file, in accordance with its customary procedures, relating to a Standard Receivable or Fixed Value Receivable, an Obligor or a Financed Vehicle.

Custody of Receivable Files. To assure uniform quality in servicing the Receivables and to reduce administrative costs, the Issuer Issuing Entity hereby revocably appoints the Servicer, and the Servicer hereby accepts such appointment, to act for the benefit of the Issuer Issuing Entity and the Indenture Trustee as custodian of the following documents or instruments instruments, which are hereby or constructively delivered to the Indenture Trustee, as pledgee of the Issuing Entity (or, in the case of the Subsequent Receivables, will hereby as of the applicable Subsequent Transfer Date be constructively delivered to the Indenture Trustee, as pledgee of the Issuer, as of the Closing Date Issuing Entity) with respect to each Receivable: (a) the original fully executed original copy of the Standard Receivable or Fixed Value Receivable; (b) a record or facsimile of the original credit application fully executed by the Obligor; (c) the original certificate of title or file stamped copy of the UCC financing statement or such other documents that the Servicer or the Seller shall keep on filefile (if any), in accordance with its customary procedures, evidencing the security interest of the Seller CNHCA in the Financed VehicleEquipment; and (d) any and all other documents that the Servicer or Servicer, the Seller or CNHCA shall keep on file, in accordance with its customary procedures, relating to a Standard Receivable or Fixed Value Receivable, an Obligor or a any of the Financed VehicleEquipment.

Custody of Receivable Files. To assure uniform quality in servicing the Receivables and to reduce administrative costs, the Issuer Issuing Entity hereby revocably appoints the Servicer, and the Servicer hereby accepts such appointment, to act for the benefit of the Issuer Issuing Entity and the Indenture Trustee as custodian of the following documents or instruments instruments, which are hereby or constructively delivered to the Indenture Trustee, as pledgee of the Issuing Entity [(or, in the case of the Subsequent Receivables, will hereby as of the applicable Subsequent Transfer Date be constructively delivered to the Indenture Trustee, as pledgee of the Issuer, as of the Closing Date Issuing Entity)] with respect to each Receivable: (a) the original fully executed original copy of the Standard Receivable or Fixed Value Receivable; (b) a record or facsimile of the original credit application fully executed by the Obligor; (c) the original certificate of title or file stamped copy of the UCC financing statement or such other documents that the Servicer or the Seller shall keep on filefile (if any), in accordance with its customary procedures, evidencing the security interest of the Seller CNHICA in the Financed VehicleEquipment; and (d) any and all other documents that the Servicer or Servicer, the Seller or CNHICA shall keep on file, in accordance with its customary procedures, relating to a Standard Receivable or Fixed Value Receivable, an Obligor or a any of the Financed VehicleEquipment.

Custody of Receivable Files. To assure uniform quality in servicing the Receivables and to reduce administrative costs, the Issuer Purchaser and the Seller hereby revocably appoints irrevocably appoint the Servicer, and the Servicer hereby accepts such appointment, to act for the benefit of the Issuer Purchaser and the Indenture Trustee Seller as custodian of the following documents or instruments which are hereby or will hereby be constructively delivered to the Indenture TrusteeAdministrative Agent, as pledgee of the IssuerSeller, as of the Closing Date with respect to each Receivable:Purchased Receivable (the "Receivable Files"): (a) the fully executed original of the Standard Receivable or Fixed Value Contract related to such Purchased Receivable; (b) the original credit application fully executed by the Obligor; (c) the original certificate Certificate of title Title or such documents that the Servicer or the Seller shall keep on file, in accordance with its customary procedures, evidencing the security interest of the Seller in the Financed Vehicle; and (d) any and all other documents that the Servicer or the Seller shall keep on file, in accordance with its customary procedures, relating to a Standard Receivable or Fixed Value Purchased Receivable, an Obligor or a Financed Vehicle.

Custody of Receivable Files. To assure uniform quality in servicing the Receivables and to reduce administrative costs, the Issuer Agent and the Seller hereby revocably appoints irrevocably appoint the Servicer, and the Servicer hereby accepts such appointment, to act for the benefit of the Issuer Investors and the Indenture Trustee Seller as custodian of the following documents or instruments which are hereby or will hereby be constructively delivered to the Indenture TrusteeAgent, as pledgee of the IssuerSeller, as of the Closing Purchase Date with respect to each Receivable:Purchased Receivable (the "Receivable Files"): (a) the fully executed original of the Standard Receivable or Fixed Value Contract related to such Purchased Receivable; (b) the original credit application fully executed by the Obligor; (c) the original certificate Certificate of title Title or such documents that the Servicer or the Seller shall keep on file, in accordance with its customary procedures, evidencing the security interest of the Seller in the Financed Vehicle; and (d) any and all other documents that the Servicer or the Seller shall keep on file, in accordance with its customary procedures, relating to a Standard Receivable or Fixed Value Purchased Receivable, an Obligor or a Financed Vehicle.

Custody of Receivable Files. To assure uniform quality in servicing the Receivables and to reduce administrative costs, the Issuer Issuing Entity hereby revocably appoints the Servicer, and the Servicer hereby accepts such appointment, to act for the benefit of the Issuer Issuing Entity and the Indenture Trustee as custodian of the following documents or instruments instruments, which are hereby or constructively delivered to the Indenture Trustee, as pledgee of the Issuing Entity (or, in the case of the Subsequent Receivables, will hereby as of the applicable Subsequent Transfer Date be constructively delivered to the Indenture Trustee, as pledgee of the Issuer, as of the Closing Date Issuing Entity) with respect to each Receivable: (a) the original fully executed original copy of the Standard Receivable or Fixed Value Receivable; (b) a record or facsimile of the original credit application fully executed by the Obligor; (c) the original certificate of title or file stamped copy of the UCC financing statement or such other documents that the Servicer or the Seller shall keep on file, in accordance with its customary procedures, evidencing the security interest of the Seller CNHCA in the Financed VehicleEquipment; and (d) any and all other documents that the Servicer or Servicer, the Seller or CNHCA shall keep on file, in accordance with its customary procedures, relating to a Standard Receivable or Fixed Value Receivable, an Obligor or a any of the Financed VehicleEquipment.

Custody of Receivable Files. To assure uniform quality in servicing the Receivables and to reduce administrative costs, the Issuer Issuing Entity hereby revocably appoints the Servicer, and the Servicer hereby accepts such appointment, to act for the benefit of the Issuer Issuing Entity and the Indenture Trustee as custodian of the following documents or instruments instruments, which are hereby or constructively delivered to the Indenture Trustee, as pledgee of the Issuing Entity [(or, in the case of the Subsequent Receivables, will hereby as of the applicable Subsequent Transfer Date be constructively delivered to the Indenture Trustee, as pledgee of the Issuer, as of the Closing Date Issuing Entity)] with respect to each Receivable: (a) the original fully executed original copy of the Standard Receivable or Fixed Value Receivable; (b) a record or facsimile of the original credit application fully executed by the Obligor; (c) the original certificate of title or file stamped copy of the UCC financing statement or such other documents that the Servicer or the Seller shall keep on filefile (if any), in accordance with its customary procedures, evidencing the security interest of the Seller CNHCA in the Financed VehicleEquipment; and (d) any and all other documents that the Servicer or Servicer, the Seller or CNHCA shall keep on file, in accordance with its customary procedures, relating to a Standard Receivable or Fixed Value Receivable, an Obligor or a any of the Financed VehicleEquipment.

Custody of Receivable Files. To assure uniform quality --------------------------- in servicing the Receivables and to reduce administrative costs, the Issuer hereby revocably appoints the Servicer, and the Servicer hereby accepts such appointment, to act for the benefit of the Issuer and the Indenture Trustee as custodian of the following documents or instruments which are hereby or will hereby be constructively delivered to the Indenture Trustee, as pledgee of the Issuer, as of the Closing Date with respect to each Receivable: (a) the fully executed original of the Standard Receivable or Fixed Value Receivable; (b) the original credit application fully executed by the Obligor; (c) the original certificate of title or such documents that the Servicer Servicer, or the Seller Depositor shall keep on file, in accordance with its customary procedures, evidencing the security interest of the Seller Depositor in the Financed VehicleAsset; and (d) any and all other documents that the Servicer or the Seller Depositor shall keep on file, in accordance with its customary procedures, relating to a Standard Receivable or Fixed Value Receivable, an Obligor Obligor, or a Financed VehicleAsset.

Custody of Receivable Files. To assure uniform quality in servicing the Receivables and to reduce administrative costs, the Issuer Purchaser and the Seller hereby revocably appoints irrevocably appoint the Servicer, and the Servicer hereby accepts such appointment, to act for the benefit of the Issuer Purchaser and the Indenture Trustee Seller as custodian of the following documents or instruments which are hereby or will hereby be constructively delivered constructivelydelivered to the Indenture TrusteeAdministrative Agent, as pledgee of the IssuerSeller, as of the Closing Date with respect to each Receivable:Purchased Receivable (the "Receivable Files"): (a) the fully executed original of the Standard Receivable or Fixed Value Contract related to such Purchased Receivable; (b) the original credit application fully executed by the Obligor; (c) the original certificate Certificate of title Title or such documents that the Servicer or the Seller shall keep on file, in accordance with its customary procedures, evidencing the security interest of the Seller in the Financed Vehicle; and (d) any and all other documents that the Servicer or the Seller shall keep on file, in accordance with its customary procedures, relating to a Standard Receivable or Fixed Value Purchased Receivable, an Obligor or a Financed Vehicle.

Custody of Receivable Files. To assure uniform quality in servicing the Receivables and to reduce administrative costs, the Issuer hereby revocably appoints the Servicer, and the Servicer hereby accepts such appointment, to act for the benefit of the Issuer and the Indenture Trustee as custodian of the following documents or instruments instruments, which are hereby or will hereby be constructively delivered by the Issuer to the Indenture Trustee, as pledgee of the Issuer, as of the Closing Date with respect to each Receivable: (a) the fully executed original of the Standard each Receivable or Fixed Value (together with any agreements modifying such Receivable, including any extension agreement); (b) the original credit application application, or a copy thereof, fully executed by the Obligoreach Obligor thereon; (c) the original certificate of title or such other documents that the Servicer or the Seller shall keep on file, file in accordance with its customary procedures, procedures evidencing the security interest of the Seller in the Financed Vehicle; and (d) any and all other documents that the Servicer or the Seller shall keep on file, file in accordance with its customary procedures, procedures relating to a Standard Receivable or Fixed Value Receivable, an Obligor or a Financed Vehicle.

Custody of Receivable Files. To assure uniform quality in servicing the Receivables and to reduce administrative costs, the Issuer Purchasers and the Seller hereby revocably appoints irrevocably appoint the Servicer, and the Servicer hereby accepts such appointment, to act for the benefit of the Issuer Purchasers and the Indenture Trustee Seller as custodian of the following documents or instruments which are hereby or will hereby be constructively delivered to the Indenture TrusteeAdministrative Agent, as pledgee of the IssuerSeller, as of the Closing Date with respect to each Receivable:Purchased Receivable (the "Receivable Files"): (a) the fully executed original of the Standard Receivable or Fixed Value Contract related to such Purchased Receivable; (b) the original credit application fully executed by the Obligor; (c) the original certificate Certificate of title Title or such documents that the Servicer or the Seller shall keep on file, in accordance with its customary procedures, evidencing the security interest of the Seller in the Financed Vehicle; and (d) any and all other documents that the Servicer or the Seller shall keep on file, in accordance with its customary procedures, relating to a Standard Receivable or Fixed Value Purchased Receivable, an Obligor or a Financed Vehicle.

Custody of Receivable Files. To assure uniform quality in servicing the Receivables and to reduce administrative costs, the Issuer hereby revocably appoints the Servicer, and the Servicer hereby accepts such appointment, to act for the benefit of the Issuer and the Indenture Trustee as custodian of the following documents or instruments which are hereby or will hereby be constructively delivered to the Indenture Trustee, as pledgee of the Issuer, as of the Closing Date (in the case of the Receivables) and the applicable Transfer Date (in the case of Eligible Investment Receivables) with respect to each Receivable: (a) the fully executed original of the Standard Receivable or Fixed Value Receivable; (b) the original credit application fully executed by the Obligor; (c) the original certificate of title or such documents that the Servicer or the Seller shall keep on file, in accordance with its customary procedures, evidencing the security interest of the Seller in the Financed Vehicle; and (d) any and all other documents that the Servicer or the Seller shall keep on file, in accordance with its customary procedures, relating to a Standard Receivable or Fixed Value Receivable, an Obligor or a Financed Vehicle.

Custody of Receivable Files. To assure uniform quality in servicing the Receivables and to reduce administrative costs, the Issuer Trustee, upon the execution and delivery of the Agreement, hereby revocably appoints the Servicer, and the Servicer hereby accepts such appointment, to act for as the benefit agent of the Issuer and the Indenture Trustee as custodian of the following documents or instruments which are hereby or will hereby be constructively delivered to the Indenture Trustee, as pledgee of the Issuer, Trustee as of the earlier of the Initial Cutoff Date and the Closing Date (in the case of Initial Receivables) and as of each Subsequent Transfer Date (in the case of Subsequent Receivables) with respect to each Receivable: (ai) the fully executed original of the Standard Receivable or Fixed Value Receivable; (bii) the original credit application fully executed by the Obligor; (ciii) the original certificate of title or such documents that the Servicer or the Seller shall keep on file, in accordance with its customary procedures, evidencing the security interest of the Seller in the Financed Vehicle; and (div) any and all other documents that the Servicer or the Seller shall keep on file, in accordance with its customary procedures, relating to a Standard Receivable or Fixed Value Receivable, an Obligor or a Financed Vehicle.

Custody of Receivable Files. To assure uniform quality in servicing the Receivables and to reduce administrative costs, the Issuer hereby revocably appoints the Servicer, and the Servicer hereby accepts such appointment, to act for the benefit of the Issuer and the Indenture Trustee as custodian of the following documents or instruments which are hereby or will hereby be constructively delivered to the Indenture Trustee, as pledgee of the Issuer, as of the Closing Date with respect to each Receivable: (a) : the fully executed original of the Standard Receivable or Fixed Value Receivable; (b) ; the original credit application fully executed by the Obligor; (c) ; the original certificate of title or such documents that the Servicer or the Seller shall keep on file, in accordance with its customary procedures, evidencing the security interest of the Seller in the Financed Vehicle; and (d) and any and all other documents that the Servicer or the Seller shall keep on file, in accordance with its customary procedures, relating to a Standard Receivable or Fixed Value Receivable, an Obligor or a Financed Vehicle.

Custody of Receivable Files. (a) To assure uniform quality in servicing the Receivables and to reduce administrative costs, the Issuer hereby Issuer, upon the execution and delivery of this Agreement, revocably appoints the Servicer, and the Servicer hereby accepts such appointment, to act for the benefit as custodian on behalf of the Issuer and the Indenture Trustee as custodian of the following documents or instruments instruments, which are hereby or will hereby be constructively delivered to the Indenture Trustee, as pledgee of the IssuerIssuer pursuant to the Indenture, as of the Closing Date with respect to each Receivable:Receivable (collectively, a "Receivable File"): (ai) the fully executed single original of the Standard Receivable or Fixed Value Receivable; (bii) the original credit application fully executed by the ObligorObligor or a photocopy or other imaged copy thereof; (ciii) the original certificate of title or such other documents that the Servicer or the Seller MBCC shall keep on file, in accordance with its customary procedures, evidencing the security interest of MBCC in the Seller in Financed Vehicle; (iv) documents evidencing the existence of any insurance covering the Financed Vehicle; and (dv) any and all other documents electronic entries, documents, instruments and writings that the Servicer or the Seller shall keep on file, in accordance with its customary procedures, relating to a Standard Receivable or Fixed Value Receivable, an Obligor Obligor, or a Financed Vehicle. (b) On the Closing Date, the Servicer shall provide an Officer's Certificate to the Issuer and the Indenture Trustee confirming that the Servicer has

Custody of Receivable Files. To assure uniform quality in servicing the Receivables and to reduce administrative costs, the Issuer hereby revocably appoints the Servicer, and the Servicer hereby accepts such appointment, to act for the benefit of the Issuer and the Indenture Trustee as custodian of the following documents or instruments which are hereby or will hereby be constructively delivered to the Indenture Trustee, as pledgee of the Issuer, as of the Closing Date with respect to each Receivable: (a) the fully executed original of the Standard Receivable or Fixed Value Receivable; (b) the original credit application fully executed by the Obligor; (c) the original certificate of title or such documents that the Servicer or the Seller shall keep on file, in accordance with its customary procedures, evidencing the security interest of the Seller in the Financed Vehicle; and (d) any and all other documents that the Servicer or the Seller shall keep on file, in accordance with its customary procedures, relating to a Standard Receivable or Fixed Value Receivable, an Obligor or a Financed Vehicle.

Custody of Receivable Files. To assure uniform quality in servicing the Receivables and to reduce administrative costs, the Issuer Purchaser and the Seller hereby revocably appoints irrevocably appoint the Servicer, and the Servicer hereby accepts such appointment, to act for the benefit of the Issuer Purchaser and the Indenture Trustee Seller as custodian of the following documents or instruments which are hereby or will hereby be constructively delivered to the Indenture TrusteeFunding Agent, as pledgee of the IssuerSeller, as of the Closing Date with respect to each Receivable:Purchased Receivable (the "Receivable Files"): (a) the fully executed original of the Standard Receivable or Fixed Value Contract related to such Purchased Receivable; (b) the original credit application fully executed by the Obligor; (c) the original certificate Certificate of title Title or such documents that the Servicer or the Seller shall keep on file, in accordance with its customary procedures, evidencing the security interest of the Seller in the Financed Vehicle; and (d) any and all other documents that the Servicer or the Seller shall keep on file, in accordance with its customary procedures, relating to a Standard Receivable or Fixed Value Purchased Receivable, an Obligor or a Financed Vehicle.

Custody of Receivable Files. To assure uniform quality in servicing the Receivables and to reduce administrative costs, the Issuer Purchaser and the Seller hereby revocably appoints irrevocably appoint the Servicer, and the Servicer hereby accepts such appointment, to act for the benefit of the Issuer Purchaser and the Indenture Trustee Seller as custodian of the following documents or instruments which are hereby or will hereby be constructively delivered to the Indenture TrusteeAdministrative Agent, as pledgee of the IssuerSeller, as of the Closing Date with respect to each Purchased Receivable: (a) the fully executed original of the Standard Receivable or Fixed Value Contract related to such Purchased Receivable; (b) the original credit application fully executed by the Obligor; (c) the original certificate of title or such documents that the Servicer or the Seller shall keep on file, in accordance with its customary procedures, evidencing the security interest of the Seller in the Financed Vehicle; and (d) any and all other documents that the Servicer or the Seller shall keep on file, in accordance with its customary procedures, relating to a Standard Receivable or Fixed Value Purchased Receivable, an Obligor or a Financed Vehicle.

Custody of Receivable Files. To assure uniform quality in servicing the Receivables and to reduce administrative costs, the Issuer Agent and the Seller hereby revocably appoints irrevocably appoint the Servicer, and the Servicer hereby accepts such appointment, to act for the benefit of the Issuer Investors and the Indenture Trustee Seller as custodian of the following documents or instruments which are hereby or will hereby be constructively delivered to the Indenture TrusteeAgent, as pledgee of the IssuerSeller, as of the Closing Date with respect to each Receivable:Purchased Receivable (the "Receivable Files"): (a) the fully executed original of the Standard Receivable or Fixed Value Contract related to such Purchased Receivable; (b) the original credit application fully executed by the Obligor; (c) the original certificate Certificate of title Title or such documents that the Servicer or the Seller shall keep on file, in accordance with its customary procedures, evidencing the security interest of the Seller in the Financed Vehicle; and (d) any and all other documents that the Servicer or the Seller shall keep on file, in accordance with its customary procedures, relating to a Standard Receivable or Fixed Value Purchased Receivable, an Obligor or a Financed Vehicle.