Realization Upon Contracts. The Backup Servicer shall have no responsibility for any deficiency collections or the obligation to realize upon any Dealer Recourse. The Indenture Trustee hereby agrees that it shall assume the obligations of the Servicer under Section 3.3 of the Sale and Servicing Agreement solely with respect to realization upon any Dealer Recourse.
Appears in 2 contracts
Sources: Backup Servicing Agreement (Santander Drive Auto Receivables Trust 2007-1), Backup Servicing Agreement (Santander Drive Auto Receivables LLC)