Common use of TRUSTEE TO MAINTAIN SECURE FACILITIES Clause in Contracts

TRUSTEE TO MAINTAIN SECURE FACILITIES. The Trustee shall maintain or cause to be maintained continuous custody of the Receivable Files and the Pledged Subordinate Securities in secure and fire resistant facilities segregated from any other receivables or securities of the Seller, the Purchaser or any of their Affiliates in accordance with customary standards for such custody. ARTICLE IV ---------- ADMINISTRATION AND SERVICING OF RECEIVABLES -------------------------------------------

Appears in 1 contract

Sources: Sale and Servicing Agreement (Consumer Portfolio Services Inc)

TRUSTEE TO MAINTAIN SECURE FACILITIES. The Trustee shall maintain or cause to be maintained continuous custody of the Receivable Files and the Pledged Subordinate Securities in secure and fire resistant facilities segregated from any other receivables or securities Receivables of the Seller, the Purchaser or any of their Affiliates in accordance with customary standards for such custody. ARTICLE IV ---------- ADMINISTRATION AND SERVICING OF RECEIVABLES -------------------------------------------.

Appears in 1 contract

Sources: Sale and Servicing Agreement (Consumer Portfolio Services Inc)

TRUSTEE TO MAINTAIN SECURE FACILITIES. The Trustee shall maintain or cause to be maintained continuous custody of the Receivable Files and the Pledged Subordinate Securities in secure and fire resistant facilities segregated from any other receivables or securities of the Seller, the Purchaser or any of their Affiliates in accordance with customary standards for such custody. ARTICLE IV ---------- ADMINISTRATION AND SERVICING OF RECEIVABLES -------------------------------------------.

Appears in 1 contract

Sources: Sale and Servicing Agreement (Consumer Portfolio Services Inc)