Acceptance of Appointment and Other Matters Relating to Servicer. (a) The Seller agrees to act as the Servicer under this Agreement and the Transfer and Servicing Agreement, and the Buyer consents to the Seller acting as the Servicer. The Seller will have ultimate responsibility for servicing, managing and making collections on the Receivables and will have the authority to make any management decisions relating to such Receivables, to the extent such authority is granted to the Servicer under this Agreement and the Transfer and Servicing Agreement.
Acceptance of Appointment and Other Matters Relating to Servicer. (a) The Servicer will service, manage, administer and make collections on the Receivables, all in accordance with its customary and usual servicing procedures for servicing dealer floorplan receivables comparable to the Receivables that the Servicer services for its own account or others and in accordance with the applicable Floorplan Financing Guidelines. The Servicer has full power and authority, acting alone or through any party properly designated by it hereunder, to do any and all things in connection with such servicing and administration that it may deem necessary or desirable. Without limiting the generality of the foregoing and subject to Section 6.01, the Servicer is hereby authorized and empowered, unless such power and authority is revoked by the Indenture Trustee upon the occurrence of a Servicer Default pursuant to Section 6.01, to do any of the following:
Acceptance of Appointment and Other Matters Relating to Servicer. (a) FNBO agrees to act as Servicer under this Agreement. The Noteholders of each Series by their acceptance of the related Notes consent to FNBO acting as Servicer.
Acceptance of Appointment and Other Matters Relating to Servicer. (a) WFN is appointed, and agrees to act, as Servicer.
Acceptance of Appointment and Other Matters Relating to Servicer. (a) The Servicer will service, manage, administer and make collections on the Receivables, all in accordance with its servicing procedures for servicing dealer floorplan receivables comparable to the Receivables that the Servicer services for its own account or others and in accordance with the Floorplan Financing Guidelines. The Servicer has full power and authority, acting alone or through any party properly designated by it under this Agreement, to do any and all things in connection with such servicing and administration that it may deem necessary or desirable. Without limiting the generality of the foregoing, the Servicer is authorized and empowered to do any of the following:
Acceptance of Appointment and Other Matters Relating to Servicer. 22 Section 3.02.
Acceptance of Appointment and Other Matters Relating to Servicer. (a) WFN agrees to act as Servicer under this Agreement. The Noteholders by their acceptance of the Notes consent to WFN acting as Servicer.
Acceptance of Appointment and Other Matters Relating to Servicer. (a) Transferor agrees to act as Servicer under this Agreement. The Investor Holders of each Series by their acceptance of the related Certificates consent to Transferor acting as Servicer.
Acceptance of Appointment and Other Matters Relating to Servicer. (a) The Servicer will service, manage, administer and make collections on the Receivables, all in accordance with its customary and usual servicing procedures for servicing dealer floorplan receivables comparable to the Receivables that the Servicer services for its own account or others, in accordance with the Floorplan Financing Agreements and in accordance with the applicable Floorplan Financing Guidelines, except where the failure to comply with the Floorplan Financing Agreements and the Floorplan Financing Guidelines will not materially and adversely affect the rights of the Issuer, the Noteholders or any Series Enhancer. The Servicer has full power and authority, acting alone or through any party properly designated by it hereunder, to do any and all things in connection with such servicing and administration that it may deem necessary or desirable. Without limiting the generality of the foregoing and subject to Section 6.01, the Servicer is hereby authorized and empowered, unless such power and authority is revoked by the Indenture Trustee upon the occurrence of a Servicer Default pursuant to Section 6.01, to do any of the following:
Acceptance of Appointment and Other Matters Relating to Servicer. (a) SSCE agrees to act, and is hereby appointed by Funding LLC to act, as Servicer under this Agreement, and SRC hereby consents to SSCE’s acting as Servicer. Servicer shall supervise the servicing and administration of the Transferred Receivables and shall supervise the collection of payments due under the Transferred Receivables in accordance with (i) prudent standards and its customary and usual servicing procedures for servicing receivables owned by it and comparable to the Transferred Receivables and in accordance with the Credit and Collection Policy and (ii) the standard set forth in clause (ii) of the definition of “Eligible Servicer” in Annex A to the Indenture (which standard Servicer represents is not inconsistent with the standard set forth in clause (i) above) and shall have full power and authority to do any and all things in connection with such servicing and administration which it may deem necessary or desirable; provided, however, that if SSCE is no longer the “Servicer” hereunder, the entity that is acting as Servicer at such time shall service the Transferred Receivables in accordance with the standards that would be employed by a prudent institution in servicing comparable receivables for its own account. Servicer will be responsible on a daily basis for servicing, managing and accepting or collecting payments on the Transferred Receivables; provided, however, that Servicer will hold such collections in trust for the benefit of the Noteholders. Additional servicing activities performed by Servicer with respect to the Transferred Receivables shall include collecting and recording payments, communicating with Obligors, investigating payment delinquencies, providing billing records to Obligors and maintaining internal records. Managerial and custodial services performed by Servicer shall include providing assistance in any inspections of the documents and records relating to the Transferred Receivables by Funding LLC or the Indenture Trustee to the extent provided in this Agreement, maintaining the agreements, documents and files relating to the Transferred Receivables as custodian and providing related data processing and reporting services for Noteholders and on behalf of the Indenture Trustee to the extent provided in this Agreement, the Indenture or any Indenture Supplement. Without limiting the generality of the foregoing, Servicer is hereby authorized and empowered (i) to instruct the Indenture Trustee to make withdrawals and paymen...
