Common use of Designation of Servicing Clause in Contracts

Designation of Servicing. The Administrative Agent and the Borrower, at the direction of and on behalf of the Administrative Agent, hereby appoint Lendbuzz Funding, as Servicer to manage, collect, and administer each of the Receivables and the other Collateral, and to enforce its respective rights and interests in and under the Collateral and Lendbuzz Funding hereby accepts such appointment and agrees to perform the duties and responsibilities of the Servicer pursuant to the terms hereof.

Designation of Servicing. The Administrative Agent and the Borrower, at the direction of and on behalf of the Administrative Agent, hereby appoint Lendbuzz FundingFloorplan, as Servicer to manage, collect, and administer each of the Receivables and the other Collateral, and to enforce its respective rights and interests in and under the Collateral and Lendbuzz Funding Floorplan hereby accepts such appointment and agrees to perform the duties and responsibilities of the Servicer pursuant to the terms hereof.