Common use of Responsibilities of the Servicer Clause in Contracts

Responsibilities of the Servicer. Anything herein to the contrary notwithstanding: (a) The Servicer shall perform its obligations under the Contracts related to the Purchased Receivables to the same extent as if Purchased Receivables had not been sold and the exercise by the Administrative Agent and by the Purchaser of their rights hereunder shall not release the Servicer or the Seller from any of their duties or obligations with respect to any Purchased Receivables or under the related Contracts; and (b) Neither the Administrative Agent, FSA nor the Purchaser shall have any obligation or liability with respect to any Purchased Receivables or related Contracts, nor shall any of them be obligated to perform the obligations of the Seller or the Servicer thereunder.

Appears in 2 contracts

Sources: Receivables Purchase Agreement (Motor Coach Industries International Inc), Receivables Purchase Agreement (Motor Coach Industries International Inc)