Common use of Duties and Responsibilities of the Servicer Clause in Contracts

Duties and Responsibilities of the Servicer. (a) Subject to the provisions of this Agreement, the Servicer shall conduct the servicing, administration and collection of the Transferred Receivables and shall take, or cause to be taken, all actions that (i) may be necessary or advisable to service, administer and collect each Transferred Receivable from time to time, (ii) the Servicer would take if the Transferred Receivables were owned by the Servicer, and (iii) are consistent with the Credit and Collection Policies and industry practice for the servicing of accounts receivable similar to such Transferred Receivables.

Appears in 10 contracts

Samples: Funding Agreement (Td Synnex Corp), Funding Agreement (Synnex Corp), Receivables Sale and Servicing Agreement (Rexnord Corp)

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Duties and Responsibilities of the Servicer. (a) Subject to the provisions of this Agreement, the Servicer shall conduct the servicing, administration and collection of the Transferred Receivables and shall take, or cause to be taken, all actions that (i) may be necessary or advisable to service, administer and collect each Transferred Receivable from time to time, (ii) the Servicer would take if the Transferred Receivables were owned by the Servicer, and (iii) are consistent with the Credit and Collection Policies and industry practice for the servicing of accounts receivable similar to such Transferred Receivables.

Appears in 7 contracts

Samples: Receivables Funding Agreement (Alpine Group Inc /De/), Receivables Funding Agreement (Superior Telecom Inc), Purchase Agreement (Synnex Information Technologies Inc)

Duties and Responsibilities of the Servicer. (a) Subject to the provisions of this Agreement, the The Servicer shall conduct the servicing, administration and collection of the Transferred Receivables Notes Receivable and shall take, or cause to be taken, all such actions that (i) as may be necessary or advisable to service, administer and collect each Transferred Notes Receivable from time to time, (ii) time on behalf of the Servicer would take if Buyer and as the Transferred Receivables were owned by the Servicer, and (iii) are consistent Buyer’s agent in accordance with the Credit and Collection Policies and industry practice for Accepted Servicing Practices. The Backup Servicer shall conduct the servicing of accounts receivable similar to such Transferred Receivables.following activities:

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Horizon Technology Finance Corp), Sale and Servicing Agreement (Horizon Technology Finance Corp)

Duties and Responsibilities of the Servicer. (a) Subject to the provisions of this Agreement, the The Servicer shall conduct the servicing, administration and collection of the Transferred Receivables and shall take, or cause to be taken, all such actions that (i) as may be necessary or advisable to service, administer and collect each Transferred Receivable from time to time, ; (ii) as the Servicer would take if the Transferred Receivables were owned and serviced by the Servicer, and (iii) as are consistent with the Credit and Collection Policies and industry practice for the servicing of accounts receivable similar to such Transferred Receivables.

Appears in 2 contracts

Samples: Receivables Purchase and Servicing Agreement (Merisel Inc /De/), Receivables Purchase and Servicing Agreement (New Pameco Georgia Corp)

Duties and Responsibilities of the Servicer. (a) Subject ------------------------------------------- to the provisions of this Agreement, the Servicer shall conduct the servicing, administration and collection of the Transferred Receivables and shall take, or cause to be taken, all actions that (i) may be necessary or advisable to service, administer and collect each Transferred Receivable from time to time, (ii) the Servicer would take if the Transferred Receivables were owned by the Servicer, and (iii) are consistent with the Credit and Collection Policies and industry practice for the servicing of accounts receivable similar to such Transferred Receivables.

Appears in 1 contract

Samples: Receivables Purchase and Servicing Agreement (Callaway Golf Co /Ca)

Duties and Responsibilities of the Servicer. (a) Subject to the provisions of this Agreement, the Servicer shall conduct the servicing, administration and collection of the Transferred Receivables and shall take, or cause to be taken, all reasonable actions that (i) it determines in good faith may be necessary or advisable to service, administer and collect each Transferred Receivable from time to time, (ii) the Servicer would take if the Transferred Receivables were owned by the Servicer, and (iii) are materially consistent with the Credit and Collection Policies and industry practice for the servicing of accounts receivable similar to such Transferred Receivables.

Appears in 1 contract

Samples: Funding Agreement (Ak Steel Holding Corp)

Duties and Responsibilities of the Servicer. (a) Subject to the provisions of this Agreement, the Servicer shall conduct the servicing, administration and collection of the Transferred Receivables and shall take, or cause to be taken, all actions that (ia) may be necessary or advisable to service, administer and collect each Transferred Receivable from time to time, (iib) the Servicer would take if the Transferred Receivables were owned by the Servicer, and (iiic) are consistent with the Credit and Collection Policies and industry practice for the servicing of accounts receivable similar to such Transferred Receivables. In addition to the servicing obligations set forth herein, the Servicer agrees to perform all accounting services necessary for the Seller.

Appears in 1 contract

Samples: Receivables Purchase and Servicing Agreement (Advancepcs)

Duties and Responsibilities of the Servicer. (a) Subject to ------------------------------------------- the provisions of this Agreement, the Servicer shall conduct the servicing, administration and collection of the Transferred Receivables and shall take, or cause to be taken, all actions that (i) may be necessary or advisable to service, administer and collect each Transferred Receivable from time to time, (ii) the Servicer would take if the Transferred Receivables were owned by the Servicer, and (iii) are consistent with the Credit and Collection Policies and industry practice for the servicing of accounts receivable similar to such Transferred Receivables.

Appears in 1 contract

Samples: Receivables Funding Agreement (Imperial Sugar Co /New/)

Duties and Responsibilities of the Servicer. (a) Subject to the provisions of this Agreement, the Servicer shall conduct the servicing, administration and collection of the Transferred Receivables and shall take, or cause to be taken, all actions that (ia) may be necessary or advisable to service, administer and collect each Transferred Receivable from time to time, (iib) the Servicer would take if the Transferred Receivables were owned by the Servicer, and (iiic) are consistent with the Credit and Collection Policies and industry practice for the servicing of accounts receivable similar to such Transferred Receivables.

Appears in 1 contract

Samples: Receivables Purchase and Servicing Agreement (Amerisourcebergen Corp)

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Duties and Responsibilities of the Servicer. (a) Subject to the provisions of this Agreement, the Servicer shall conduct the servicing, administration and collection of the Transferred Receivables and shall take, or cause to be taken, all actions that (i) may be necessary or advisable to service, administer and collect each Transferred Receivable from time to time, (ii) the Servicer would take if the Transferred Receivables were owned by the Servicer, and (iii) are consistent with the Credit and Collection Policies and industry practice for the servicing of accounts receivable similar to such Transferred Receivables.. SECTION 7.03

Appears in 1 contract

Samples: Receivables Purchase and Servicing Agreement (Cone Mills Corp)

Duties and Responsibilities of the Servicer. (a) Subject to the provisions of this Agreement, the Servicer shall conduct the servicing, administration and collection of the Transferred Receivables and shall take, or cause to be taken, all actions that (i) may be necessary or advisable to service, administer and collect each Transferred Receivable from time to time, (ii) the Servicer would take if the Transferred Receivables were owned by the Servicer, and (iii) are consistent with the Credit and Collection Policies and industry practice for the servicing of accounts receivable similar to such Transferred Receivables.. Section 2.03

Appears in 1 contract

Samples: Servicing Agreement (Consolidated Freightways Corp)

Duties and Responsibilities of the Servicer. (a) Subject to the provisions of this Agreement, the The Servicer shall conduct the servicing, administration and collection of the Transferred Receivables Notes Receivable and shall take, or cause to be taken, all such actions that (i) as may be necessary or advisable to service, administer and collect each Transferred Notes Receivable from time to time, (ii) time on behalf of the Servicer would take if Buyer and as the Transferred Receivables were owned by the Servicer, and (iii) are consistent Buyer’s agent in accordance with the Credit and Collection Policies and industry practice for Accepted Servicing Practices. The Back-up Servicer shall conduct the servicing of accounts receivable similar to such Transferred Receivables.following activities:

Appears in 1 contract

Samples: Sale and Servicing Agreement (Horizon Technology Finance Corp)

Duties and Responsibilities of the Servicer. (a) Subject to the provisions of this Agreement, the Servicer shall conduct the servicing, administration and collection of the Transferred Receivables and shall take, or cause to be taken, all actions that (i) may be necessary or advisable to service, administer and collect each Transferred Receivable from time to time, (ii) the Servicer would take if the Transferred Receivables were owned by the Servicer, and (iii) are consistent with the Credit and Collection Policies and industry practice for the servicing of accounts receivable similar to such Transferred ReceivablesPolicies.

Appears in 1 contract

Samples: Receivables Sale and Servicing Agreement (Vertis Inc)

Duties and Responsibilities of the Servicer. (a) Subject to the provisions of this Agreement, the Servicer shall conduct the servicing, administration and collection of the Transferred Receivables and shall take, or cause to be taken, all actions that (i) may be necessary or advisable to service, administer and collect each Transferred Receivable from time to time, (ii) the Servicer would take if the Transferred Receivables were owned by the Servicer, and (iii) are consistent with the Credit and Collection Policies and industry practice for with a level of care no less diligent than that employed by the servicing of Servicer with respect to similar accounts receivable similar to such Transferred Receivablesowned by it or its Affiliates.

Appears in 1 contract

Samples: Receivables Sale and Servicing Agreement (Georgia Gulf Corp /De/)

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