Common use of Designation of Sub-Servicer Clause in Contracts

Designation of Sub-Servicer. Jabil has been designated, and has agreed to act as, sub-servicer ("Sub-Servicer") for Buyer in Buyer's capacity as Servicer pursuant to the terms of the Purchase Agreement and to perform all of the duties and obligations of the Servicer set forth herein and in the Purchase Agreement with respect to the Receivables, Related Security related thereto and Collections thereof.

Appears in 2 contracts

Sources: Annual Report, Receivables Sale Agreement (Jabil Circuit Inc)