Designation of the Servicer. The servicing, administering and collection of the Collateral shall be conducted by the Person designated as a servicer in accordance with this Agreement, the Servicing Agreement or the Backup Servicing Agreement, as applicable. Borrower hereby acknowledges that each of the Secured Parties is a third-party beneficiary of the obligations taken by the Servicer and the Backup Servicer under the Servicing Agreement and the Backup Servicing Agreement, respectively.
Appears in 6 contracts
Samples: Credit and Security Agreement (Sezzle Inc.), Credit and Security Agreement (Sezzle Inc.), Credit and Security Agreement (Sezzle Inc.)
Designation of the Servicer. The servicing, administering and collection of the Collateral shall be conducted by the Person designated as a servicer the Servicer in accordance with this Agreement, Agreement and the Servicing Agreement or the Backup Servicing Agreement, as applicable. The Borrower hereby acknowledges that each of the Secured Parties is a third-third party beneficiary of the obligations taken by the Servicer and the Backup Servicer under the Servicing Agreement and the Backup Servicing Agreement, respectively.
Appears in 2 contracts
Samples: Credit and Security Agreement (Upstart Holdings, Inc.), Revolving Credit and Security Agreement (Upstart Holdings, Inc.)
Designation of the Servicer. The servicing, administering and collection of the Collateral shall be conducted by the Person designated as a servicer in accordance with this Agreement, the Servicing Agreement Agreement, or the Backup Servicing Agreement, as applicable. Borrower hereby acknowledges that each of the Secured Parties is a third-party beneficiary of the obligations taken by the Servicer and the Backup Servicer under the Servicing Agreement and the Backup Servicing Agreement, respectively.
Appears in 1 contract
Samples: Credit and Security Agreement (Bill.com Holdings, Inc.)
