Common use of Designation of Sub-Servicer Clause in Contracts

Designation of Sub-Servicer. Originator has been designated, and has agreed to act as a sub-servicer (“Sub-Servicer”) for Buyer in Buyer’s capacity as Servicer pursuant to the terms of the Purchase Agreement, receipt of a complete copy of which is hereby acknowledged by Originator, and to perform all of the duties and obligations of the Servicer set forth herein and in the Purchase Agreement with respect to all Receivables originated by Originator and all Canadian Receivables, and the Related Security related thereto and Collections thereof; provided that, prior to January 31, 2009, Canadian Receivables may be serviced by an entity other than the Originator, but commencing on January 31, 2009, Originator shall be the only Sub-Servicer permitted to service the Canadian Receivables.