Common use of Duties of Backup Servicer Clause in Contracts

Duties of Backup Servicer. (a) In furtherance of its undertaking in Section 2 above, from and after the date hereof until the Appointment Effective Date, Backup Servicer agrees to perform the Backup Servicer functions as set forth in this Section 3. On and after the Appointment Effective Date, Backup Servicer, as Successor Servicer, shall serve as “Servicer” under the Servicing Agreement.

Appears in 24 contracts

Samples: Backup Servicing Agreement (Carvana Auto Receivables Trust 2022-P3), Backup Servicing Agreement (Carvana Auto Receivables Trust 2022-P3), Backup Servicing Agreement (Carvana Auto Receivables Trust 2022-P2)

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Duties of Backup Servicer. (a) In furtherance of its undertaking in Section 2 3 above, from and after the date hereof until the Appointment Effective Date, Backup Servicer agrees to perform the Backup Servicer backup servicing and CONFIDENTIAL TREATMENT [***] indicates that text has been omitted which is the subject of a confidential treatment request. This text has been separately filed with the SEC. verification functions as set forth in this Section 34 with respect to the Loans. On and after the Appointment Effective Date, Backup Servicer, as Successor Servicer, Servicer shall serve as “Servicer” Servicer under the Successor Servicing AgreementAgreement with respect to the Serviced Assets.

Appears in 2 contracts

Samples: Backup Servicing Agreement (Prosper Funding LLC), Backup Servicing Agreement (Prosper Funding LLC)

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Duties of Backup Servicer. (a) In furtherance of its undertaking in Section 2 above3 below, from and after the date hereof until the Appointment Effective Date, Backup Servicer agrees to perform the Backup Servicer functions as set forth in this Section 3. On and after the Appointment Effective Date, Backup Servicer, as Successor Servicer, shall serve as “Servicer” under the Servicing Agreement2.

Appears in 1 contract

Samples: Backup Servicing Agreement (Prosper Funding LLC)

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