Common use of Data Processing Services Clause in Contracts

Data Processing Services. ▇▇▇▇ hereby irrevocably agrees that if at any time it shall cease to be the Servicer hereunder, it shall act (if the then-current Servicer so requests) as the data-processing agent of the Servicer and, in such capacity, ▇▇▇▇ shall conduct the data-processing functions of the administration of the Receivables and the Collections thereon in substantially the same way that ▇▇▇▇ conducted such data-processing functions while it acted as the Servicer. In connection with any such processing functions, the Borrower shall pay to ▇▇▇▇ its reasonable out-of-pocket costs and expenses from the Borrower’s own funds (subject to the priority of payments set forth in Section 3.01).

Data Processing Services. ▇▇▇▇ hereby irrevocably agrees that if at any time it shall cease to be the Servicer hereunder, it shall act (if the then-current Servicer so requests) as the data-processing agent of the Servicer and, in such capacity, ▇▇▇▇ shall conduct the data-processing functions of the administration of the Receivables and the Collections thereon in substantially the same way that ▇▇▇▇ conducted such data-processing functions while it acted as the Servicer. In connection with any such processing functions, the Borrower Seller shall pay to ▇▇▇▇ Olin its reasonable out-of-pocket costs and expenses from the BorrowerSeller’s own funds (subject to the priority of payments set forth in Section 3.013.01(a)).