Common use of Duties of Master Servicer Clause in Contracts

Duties of Master Servicer. 35 Section 4.02. Collection of Contract Payments........................................... 38 Section 4.03. Realization upon Defaulted Contracts and Liquidated Contracts............. 39 Section 4.04. Insurance................................................................. 39 Section 4.05. Maintenance of Security Interests in Financed Vehicles.................... 40 Section 4.06. Covenants, Representations and Warranties of the Master Servicer.......... 40 Section 4.07. Repurchase of Contracts upon Breach of Covenant........................... 42 Section 4.08. Servicing Compensation.................................................... 42 Section 4.09. Reporting by the Master Servicer.......................................... 42 Section 4.10. Annual Statement as to Compliance......................................... 45 Section 4.11. Annual Independent Certified Public Accountants' Report................... 45

Duties of Master Servicer. 35 39 Section 4.02. Collection of Contract Payments........................................... 38 ......................................... 43 Section 4.03. Realization upon Defaulted Contracts and Liquidated Contracts............. 39 .................................... 43 Section 4.04. Insurance................................................................. 39 ............................................................... 44 Section 4.05. Maintenance of Security Interests in Financed Vehicles.................... 40 .................. 44 Section 4.06. Covenants, Representations and Warranties of the Master Servicer.......... 40 ............................................................... 44 Page Section 4.07. Repurchase of Contracts upon Breach of Covenant........................... 42 Breach..................................... 46 Section 4.08. Servicing Compensation.................................................... 42 .................................................. 46 Section 4.09. Reporting by the Master Servicer.......................................... 42 ........................................ 47 Section 4.10. Annual Statement as to Compliance......................................... 45 ....................................... 50 Section 4.11. Annual Independent Certified Public Accountants' Report................... 45................. 50 Section 4.12. Access to Certain Documentation and Information Regarding Contracts.................................................... 51 Section 4.13. Fidelity Bond........................................................... 51 Section 4.14. Indemnification; Third Party Claims..................................... 51 ARTICLE FIVE DISTRIBUTIONS; SPREAD ACCOUNT; STATEMENTS TO SECURITYHOLDERS

Duties of Master Servicer. 35 31 Section 4.02. Collection of Contract Receivable Payments........................................... 38 ; Modifications of Receivables................................33 Section 4.03. Realization upon Defaulted Contracts and Liquidated Contracts............. 39 Receivables...................................................................33 Section 4.04. Insurance................................................................. 39 Satisfaction of Receivables....................................................................34 Section 4.05. Maintenance of Security Interests in Financed Vehicles.................... 40 .........................................34 Section 4.06. Covenants, Representations and Warranties Covenants of the Master Servicer.......... 40 ...................................................................34 Section 4.07. Repurchase Purchase of Contracts upon Breach of Covenant........................... 42 Receivables Upon Breach............................................................35 Section 4.08. Servicing Compensation.................................................... 42 Fee..................................................................................35 Section 4.09. Reporting by the Master Servicer.......................................... 42 Section 4.10. Annual Statement as to Compliance......................................... 45 Section 4.11. Annual Independent Certified Public Accountants' Report................... 45's Certificate..................................................................36

Duties of Master Servicer. 35 37 Section 4.02. Collection of Contract Payments........................................... 38 ................................................... 40 Section 4.03. Realization upon Defaulted Contracts and Liquidated Contracts............. 39 ..................... 41 Section 4.04. Insurance................................................................. 39 ......................................................................... 42 Section 4.05. Maintenance of Security Interests in Financed Vehicles.................... 40 ............................ 42 Section 4.06. Covenants, Representations and Warranties of the Master Servicer.......... 40 Servicer and Westcorp..... 42 Section 4.07. Repurchase of Contracts upon Breach of Covenant........................... 42 ................................... 45 Section 4.08. Servicing Compensation.................................................... 42 ............................................................ 45 Section 4.09. Reporting by the Master Servicer.......................................... 42 .................................................. 46 Section 4.10. Annual Statement as to Compliance......................................... 45 Section 4.11. Annual Independent Certified Public Accountants' Report................... 45................................................. 48 ARTICLE FIVE DISTRIBUTIONS; SPREAD ACCOUNT; STATEMENTS TO SECURITYHOLDERS

Duties of Master Servicer. 35 37 Section 4.02. Collection of Contract Payments........................................... 38 ........................... 41 Section 4.03. Realization upon Defaulted Contracts and Liquidated Contracts............. 39 ................................... 41 Section 4.04. Insurance................................................................. 39 ................................................. 42 Section 4.05. Maintenance of Security Interests in Financed Vehicles.................... 40 .... 42 Section 4.06. Covenants, Representations and Warranties of the Master Servicer.......... 40 .................................... 42 Section 4.07. Repurchase of Contracts upon Breach of Covenant........................... 42 ........... 44 Section 4.08. Servicing Compensation.................................................... 42 .................................... 45 Section 4.09. Reporting by the Master Servicer.......................................... 42 .......................... 45 Section 4.10. Annual Statement as to Compliance......................................... 45 ......................... 47 Section 4.11. Annual Independent Certified Public Accountants' Report................... 45... 48 ARTICLE FIVE DISTRIBUTIONS; SPREAD ACCOUNT; STATEMENTS TO SECURITYHOLDERS

Duties of Master Servicer. 35 40 Section 4.02. Collection of Contract Payments........................................... 38 ........................................................ 44 Section 4.03. Realization upon Defaulted Contracts and Liquidated Contracts............. 39 .......................... 44 Section 4.04. Insurance................................................................. 39 .............................................................................. 45 Section 4.05. Maintenance of Security Interests in Financed Vehicles.................... 40 ................................. 45 Section 4.06. Covenants, Representations and Warranties of the Master Servicer.......... 40 ....................... 45 Section 4.07. Repurchase of Contracts upon Breach of Covenant........................... 42 ........................................ 47 Section 4.08. Servicing Compensation.................................................... 42 Section 4.09. Reporting by the Master Servicer.......................................... 42 Section 4.10. Annual Statement as to Compliance......................................... 45 Section 4.11. Annual Independent Certified Public Accountants' Report................... 45................................................................. 47 ARTICLE FIVE XXX DISTRIBUTIONS; SPREAD ACCOUNT; STATEMENTS TO SECURITYHOLDERS

Duties of Master Servicer. 35 37 Section 4.02. Collection of Contract Payments........................................... 38 40 Section 4.03. Realization upon Defaulted Contracts and Liquidated Contracts............. 39 41 Section 4.04. Insurance................................................................. 39 41 Section 4.05. Maintenance of Security Interests in Financed Vehicles.................... 40 42 Section 4.06. Covenants, Representations and Warranties of the Master Servicer.......... 40 42 Section 4.07. Repurchase of Contracts upon Breach of Covenant........................... 42 44 Section 4.08. Servicing Compensation.................................................... 42 44 Section 4.09. Reporting by the Master Servicer.......................................... 42 Section 4.10. Annual Statement as to Compliance......................................... 45 Section 4.11. Annual Independent Certified Public Accountants' Report................... 4544 ARTICLE FIVE DISTRIBUTIONS; SPREAD ACCOUNT; STATEMENTS TO SECURITYHOLDERS

Duties of Master Servicer. 35 37 Section 4.02. Collection of Contract Payments........................................... 38 ..................................... 41 Section 4.03. Realization upon Defaulted Contracts and Liquidated Contracts............. 39 ....... 41 Section 4.04. Insurance................................................................. 39 ........................................................... 42 Section 4.05. Maintenance of Security Interests in Financed Vehicles.................... 40 .............. 42 Section 4.06. Covenants, Representations and Warranties of the Master Servicer.......... 40 .... 42 Section 4.07. Repurchase of Contracts upon Breach of Covenant........................... 42 ..................... 44 Section 4.08. Servicing Compensation.................................................... 42 .............................................. 45 Section 4.09. Reporting by the Master Servicer.......................................... 42 .................................... 45 Section 4.10. Annual Statement as to Compliance......................................... 45 ................................... 47 Section 4.11. Annual Independent Certified Public Accountants' Report................... 45............. 48 i ARTICLE FIVE DISTRIBUTIONS; SPREAD ACCOUNT; STATEMENTS TO SECURITYHOLDERS

Duties of Master Servicer. 35 37 Section 4.02. Collection of Contract Payments........................................... 38 .............................................................. 41 Section 4.03. Realization upon Defaulted Contracts and Liquidated Contracts............. 39 ................................ 41 Section 4.04. Insurance................................................................. 39 .................................................................................... 42 Section 4.05. Maintenance of Security Interests in Financed Vehicles.................... 40 ....................................... 42 Section 4.06. Covenants, Representations and Warranties of the Master Servicer.......... 40 ............................. 42 Section 4.07. Repurchase of Contracts upon Breach of Covenant........................... 42 .............................................. 44 Section 4.08. Servicing Compensation.................................................... 42 ....................................................................... 44 Section 4.09. Reporting by the Master Servicer.......................................... 42 ............................................................. 44 Section 4.10. Annual Statement as to Compliance......................................... 45 ............................................................ 47 Section 4.11. Annual Independent Certified Public Accountants' Report................... 45...................................... 47 ARTICLE FIVE DISTRIBUTIONS; SPREAD ACCOUNT; STATEMENTS TO SECURITYHOLDERS

Duties of Master Servicer. 35 42 Section 4.02. Collection of Contract Payments........................................... 38 ......................................................... 46 Section 4.03. Realization upon Defaulted Contracts and Liquidated Contracts............. 39 ........................... 46 Section 4.04. Insurance................................................................. 39 ............................................................................... 47 Section 4.05. Maintenance of Security Interests in Financed Vehicles.................... 40 .................................. 47 Section 4.06. Covenants, Representations and Warranties of the Master Servicer.......... 40 ........................ 47 Section 4.07. Repurchase of Contracts upon Breach of Covenant........................... 42 ......................................... 49 Section 4.08. Servicing Compensation.................................................... 42 .................................................................. 50 Section 4.09. Reporting by the Master Servicer.......................................... 42 ........................................................ 50 Section 4.10. Annual Statement as to Compliance......................................... 45 Section 4.11. Annual Independent Certified Public Accountants' Report................... 45....................................................... 52 ARTICLE FIVE DISTRIBUTIONS; SPREAD ACCOUNT; STATEMENTS TO SECURITYHOLDERS

Duties of Master Servicer. 35 42 Section 4.02. Collection of Contract Payments........................................... 38 .......................................................... 46 Section 4.03. Realization upon Defaulted Contracts and Liquidated Contracts............. 39 ............................ 46 Section 4.04. Insurance................................................................. 39 ................................................................................ 47 Section 4.05. Maintenance of Security Interests in Financed Vehicles.................... 40 ................................... 47 Section 4.06. Covenants, Representations and Warranties of the Master Servicer.......... 40 ......................... 47 Section 4.07. Repurchase of Contracts upon Breach of Covenant........................... 42 .......................................... 49 Section 4.08. Servicing Compensation.................................................... 42 ................................................................... 50 Section 4.09. Reporting by the Master Servicer.......................................... 42 ......................................................... 50 Section 4.10. Annual Statement as to Compliance......................................... 45 ........................................................ 53 Section 4.11. Annual Independent Certified Public Accountants' Report................... 45.................................. 53

Duties of Master Servicer. 35 37 Section 4.02. Collection of Contract Payments........................................... 38 .............................................................. 40 Section 4.03. Realization upon Defaulted Contracts and Liquidated Contracts............. 39 ................................ 41 Section 4.04. Insurance................................................................. 39 .................................................................................... 41 Section 4.05. Maintenance of Security Interests in Financed Vehicles.................... 40 ....................................... 42 Section 4.06. Covenants, Representations and Warranties of the Master Servicer.......... 40 ............................. 42 Section 4.07. Repurchase of Contracts upon Breach of Covenant........................... 42 .............................................. 44 Section 4.08. Servicing Compensation.................................................... 42 ....................................................................... 44 Section 4.09. Reporting by the Master Servicer.......................................... 42 ............................................................. 44 Section 4.10. Annual Statement as to Compliance......................................... 45 ............................................................ 47 Section 4.11. Annual Independent Certified Public Accountants' Report................... 45...................................... 47 ARTICLE FIVE DISTRIBUTIONS; SPREAD ACCOUNT; STATEMENTS TO SECURITYHOLDERS

Duties of Master Servicer. 35 40 Section 4.02. Collection of Contract Payments........................................... 38 .................................................. 44 Section 4.03. Realization upon Defaulted Contracts and Liquidated Contracts............. 39 .................... 44 Section 4.04. Insurance................................................................. 39 ........................................................................ 45 Section 4.05. Maintenance of Security Interests in Financed Vehicles.................... 40 ........................... 45 Section 4.06. Covenants, Representations and Warranties of the Master Servicer.......... 40 ................. 45 Section 4.07. Repurchase of Contracts upon Breach of Covenant........................... 42 .................................. 47 Section 4.08. Servicing Compensation.................................................... 42 ........................................................... 48 Section 4.09. Reporting by the Master Servicer.......................................... 42 ................................................. 48 Section 4.10. Annual Statement as to Compliance......................................... 45 Section 4.11. Annual Independent Certified Public Accountants' Report................... 45................................................ 50 ARTICLE FIVE DISTRIBUTIONS; SPREAD ACCOUNT; STATEMENTS TO SECURITYHOLDERS

Duties of Master Servicer. 35 Section 4.02. Collection of Contract Payments........................................... 38 ............................................... 39 Section 4.03. Realization upon Defaulted Contracts and Liquidated Contracts............. ................. 39 Section 4.04. Insurance................................................................. 39 ..................................................................... 40 Section 4.05. Maintenance of Security Interests in Financed Vehicles.................... ........................ 40 Section 4.06. Covenants, Representations and Warranties of the Master Servicer.......... .............. 40 Section 4.07. Repurchase of Contracts upon Breach of Covenant........................... ............................... 42 Section 4.08. Servicing Compensation.................................................... 42 ........................................................ 43 Section 4.09. Reporting by the Master Servicer.......................................... 42 .............................................. 43 Section 4.10. Annual Statement as to Compliance......................................... ............................................. 45 Section 4.11. Annual Independent Certified Public Accountants' Report................... 45....................... 46

Duties of Master Servicer. 35 38 Section 4.02. Collection of Contract Payments........................................... 38 ............................................ 42 Section 4.03. Realization upon Defaulted Contracts and Liquidated Contracts............. 39 .............. 42 Section 4.04. Insurance................................................................. 39 .................................................................. 43 Section 4.05. Maintenance of Security Interests in Financed Vehicles.................... 40 ..................... 43 Section 4.06. Covenants, Representations and Warranties of the Master Servicer.......... 40 ............... 43 Section 4.07. Repurchase of Contracts upon Breach of Covenant........................... 42 ............................ 45 Section 4.08. Servicing Compensation.................................................... 42 ..................................................... 45 Section 4.09. Reporting by the Master Servicer.......................................... 42 ........................................... 45 Section 4.10. Annual Statement as to Compliance......................................... 45 .......................................... 48 Section 4.11. Annual Independent Certified Public Accountants' Report................... 45.................... 49 Section 4.12. Access to Certain Documentation and Information Regarding Contracts........ 49 Section 4.13. Fidelity Bond.............................................................. 49 Section 4.14. Indemnification; Third Party Claims........................................ 49 ARTICLE FIVE DISTRIBUTIONS; SPREAD ACCOUNT; STATEMENTS TO SECURITYHOLDERS

Duties of Master Servicer. 35 37 Section 4.02. Collection of Contract Payments........................................... 38 ............................................ 41 Section 4.03. Realization upon Defaulted Contracts and Liquidated Contracts............. 39 .............. 41 Section 4.04. Insurance................................................................. 39 .................................................................. 42 Section 4.05. Maintenance of Security Interests in Financed Vehicles.................... 40 ..................... 42 Page ---- Section 4.06. Covenants, Representations and Warranties of the Master Servicer.......... 40 ............... 42 Section 4.07. Repurchase of Contracts upon Breach of Covenant........................... 42 ............................ 44 Section 4.08. Servicing Compensation.................................................... 42 ..................................................... 44 Section 4.09. Reporting by the Master Servicer.......................................... 42 ........................................... 44 Section 4.10. Annual Statement as to Compliance......................................... 45 .......................................... 47 Section 4.11. Annual Independent Certified Public Accountants' Report................... 45.................... 48 Section 4.12. Access to Certain Documentation and Information Regarding Contracts........ 48 Section 4.13. Fidelity Bond.............................................................. 48 Section 4.14. Indemnification; Third Party Claims........................................ 48 ARTICLE FIVE DISTRIBUTIONS; SPREAD ACCOUNT; STATEMENTS TO SECURITYHOLDERS