Common use of Duties and Responsibilities of the Servicer Clause in Contracts

Duties and Responsibilities of the Servicer. (a) The Servicer shall manage, administer, monitor and service the Auto Loans, including providing data management, payment processing and customer service. In performing its duties hereunder, the Servicer shall have full power and authority to do or cause to be done any and all things in connection with such servicing and administration which it may deem necessary or desirable, within the terms of this Agreement (the "Servicer Duties"). Prior to a resignation or termination of the Servicer pursuant to Sections 2.10 or 2.12, without limitation of the servicing standard set forth in Section 2.01, the Servicer will provide the following services (together with other activities not inconsistent with the description below and implicitly necessary to accomplish the usual and customary activities, of a subprime automobile loan servicer):

Appears in 2 contracts

Sources: Servicing Agreement (Autobond Acceptance Corp), Servicing Agreement (Autobond Acceptance Corp)