Custody of Receivables Files. To assure uniform quality in servicing the Receivables and to reduce administrative costs, the Issuer, upon the execution and delivery of this Agreement, appoints the Servicer, and the Servicer accepts such appointment, to act as the agent of the Issuer as custodian of the following documents or instruments that are hereby constructively delivered to the Issuer with respect to each Receivable:
Appears in 6 contracts
Samples: Sale and Servicing Agreement (Nissan Auto Receivables 2000-C Owner Trust), Sale and Servicing Agreement (Nissan Auto Receivables 2001-B Owner Trust), Sale and Servicing Agreement (Nissan Auto Receivables Corp /De)
Custody of Receivables Files. To assure uniform quality in servicing the Receivables and to reduce administrative costs, the Issuer, upon the execution and delivery of this Agreement, Issuer hereby revocably appoints the Servicer, and the Servicer hereby accepts such appointment, to act as the agent of the Issuer and the Trustee as custodian of the following documents or instruments that which are hereby constructively delivered to the Trustee, as of the Cutoff Date as pledgee of the Issuer with respect to each Receivable:
Appears in 2 contracts
Samples: Sale and Servicing Agreement (Franklin Receivables LLC), Sale and Servicing Agreement (FCC Receivables Corp)
