Common use of Servicing and Collections Clause in Contracts

Servicing and Collections. Buyer will perform all servicing functions with respect to the Loans purchased prior to the Effectiveness Date from the Effectiveness Date and with respect to the Loans purchased on and after the Effectiveness Date from their respective Closing Dates hereunder, all in compliance with all applicable laws. Each of United Resources and United Grocers agrees that if Buyer so requests, it will cooperate with Buyer in communicating with Obligors and assisting Buyer in collecting on delinquent and Defaulted Loans.