Common use of Retention of Servicer Clause in Contracts

Retention of Servicer. AFS hereby covenants and agrees to act --------------------- as such under this Agreement for an initial term, commencing on the Closing Date and ending on June 30, 1999, which term shall be extendible by the Agent for successive quarterly terms ending on each successive September 30, December 31, March 31 and June 30 (or, pursuant to revocable written standing instructions from time to time to the Servicer, for any specified number of terms greater than one). Each such notice (including each notice pursuant to standing instructions, which shall be deemed delivered at the end of successive quarterly terms for so long as such instructions are in effect) (a "Servicer Extension ------------------ Notice") shall be delivered by the Agent to the Servicer. AFS hereby agrees ------ that, as of the date hereof and upon its receipt of any such Servicer Extension Notice, AFS shall become bound, for the initial term beginning on the Closing Date and for the duration of the term covered by such notice, to continue as the Servicer subject to and in accordance with the other provisions of this Agreement.

Retention of Servicer. AFS ACC hereby covenants and agrees to act --------------------- as such under this Agreement for an initial term, commencing on the Closing Date and ending on June 30, 19991997, which term shall be extendible by the Agent Controlling Party for successive quarterly terms ending on each successive September 30, December 31, March 31 31, June 30 and June September 30 (or, pursuant to revocable written standing instructions from time to time to the Servicer, for any specified number of terms greater than one). Each such notice (including each notice pursuant to standing instructions, which shall be deemed delivered at the end of successive quarterly terms for so long as such instructions are in effect) (a "Servicer Extension ------------------ Notice") shall be delivered by the Agent Controlling Party to the Servicer. AFS ACC hereby agrees ------ that, as of the date hereof and upon its receipt of any such Servicer Extension Notice, AFS ACC shall become bound, for the initial term beginning on the Closing Date date hereof and for the duration of the term covered by such notice, to continue as the Servicer subject to and in accordance with the other provisions of this Agreement.

Retention of Servicer. AFS hereby covenants and agrees to act --------------------- as such under this Agreement for an initial term, commencing on the Closing Date and ending on June September 30, 19992000, which term shall be extendible by the Agent for successive quarterly terms ending on each successive September 30, December 31, March 31 31, June 30 and June September 30 (or, pursuant to revocable written standing instructions from time to time to the Servicer, for any specified number of terms greater than one). Each such notice (including each notice pursuant to standing instructions, which shall be deemed delivered at the end of successive quarterly terms for so long as such instructions are in effect) (a "Servicer -------- Extension ------------------ Notice") shall be delivered by the Agent to the Servicer. AFS hereby ---------------- agrees ------ that, as of the date hereof and upon its receipt of any such Servicer Extension Notice, AFS shall become bound, for the initial term beginning on the Closing Date and for the duration of the term covered by such notice, to continue as the Servicer subject to and in accordance with the other provisions of this Agreement.

Retention of Servicer. AFS AFL hereby covenants and agrees to act --------------------- as such under this Agreement for an initial term, commencing on the Closing Date and ending on June 30December 31, 19991998, which term shall be extendible by the Agent for successive quarterly terms ending on each successive September March 31, June 30, September 30 and December 31, March 31 and June 30 (or, pursuant to revocable written standing instructions from time to time to the Servicer, for any specified number of terms greater than one). Each such notice (including each notice pursuant to standing instructions, which shall be deemed delivered at the end of successive quarterly terms for so long as such instructions are in effect) (a "Servicer Extension ------------------ NoticeSERVICER EXTENSION NOTICE") shall be delivered by the Agent to the Servicer. AFS AFL hereby agrees ------ that, as of the date hereof and upon its receipt of any such Servicer Extension Notice, AFS AFL shall become bound, for the initial term beginning on the Closing Date and for the duration of the term covered by such notice, to continue as the Servicer subject to and in accordance with the other provisions of this Agreement.