Common use of Appointment of Subservicers Clause in Contracts

Appointment of Subservicers. The Servicer may at any time appoint a subservicer to perform all or any portion of its obligations as Servicer and/or custodian hereunder; provided, however, that the Rating Agency Condition shall have been satisfied in connection therewith; provided, further, that the Servicer shall remain obligated and be liable to the Trust, the Trustee, and the Certificateholders for the servicing and administering of the Receivables in accordance with the provisions hereof without diminution of such obligation and liability by virtue of the appointment of such subservicer and to the same extent and under the same terms and conditions as if the Servicer alone were servicing and administering the Receivables. The fees and expenses of any subservicer shall be as agreed between the Servicer and any subservicer from time to time and none of the Trust, the Trustee or the Certificateholders shall have any responsibility therefor.

Appointment of Subservicers. The Servicer may at any time appoint a subservicer to perform all or any portion of its obligations as Servicer and/or custodian hereunder; providedPROVIDED, howeverHOWEVER, that the Rating Agency Condition shall have been satisfied in connection therewith; provided, further, PROVIDED FURTHER that the Servicer shall remain obligated and be liable to the Trust, the Trustee, and the Certificateholders for the servicing and administering of the Receivables in accordance with the provisions hereof without diminution of such obligation and liability by virtue of the appointment of such subservicer and to the same extent and under the same terms and conditions as if the Servicer alone were servicing and administering the Receivables. The fees and expenses of any the subservicer shall be as agreed between the Servicer and any its subservicer from time to time and none of the Trust, the Trustee or the Certificateholders shall have any responsibility therefor.