Common use of Duties of the Servicer Clause in Contracts

Duties of the Servicer. (a) The Servicer is hereby appointed and authorized to act as agent for the Owner of the Receivables and in such capacity shall manage, service, administer and process collections on the Receivables with reasonable care, using that degree of skill and attention that the Servicer exercises with respect to comparable motor vehicle related receivables that it services for itself or others. The Servicer hereby accepts such appointment and authorization and agrees to perform the duties of Servicer with respect to the Receivables set forth herein.

Appears in 70 contracts

Samples: Servicing Agreement (Ally Auto Receivables Trust 2012-2), Servicing Agreement (Ally Auto Receivables Trust 2019-2), Servicing Agreement (Ally Auto Receivables Trust 2017-1)

AutoNDA by SimpleDocs

Duties of the Servicer. (a) The Servicer is hereby appointed and authorized to act as agent for the Owner of the Receivables and in such capacity shall manage, service, administer and process collections on the Receivables with reasonable care, using that degree of skill and attention that the Servicer exercises with respect to comparable motor vehicle related receivables that it services for itself or others. The Servicer hereby accepts such appointment and authorization and agrees to perform the duties of Servicer with respect to the Receivables set forth hereinherein and in the Further Transfer and Servicing Agreements.

Appears in 30 contracts

Samples: Pooling and Servicing Agreement (Capital Auto Receivables Asset Trust 2014-1), Pooling and Servicing Agreement (Capital Auto Receivables Asset Trust 2016-2), Pooling and Servicing Agreement (Capital Auto Receivables Asset Trust 2015-2)

Duties of the Servicer. (a) The Servicer is hereby appointed and authorized to act as agent for the Owner of the Receivables and in such capacity shall manage, service, administer and process make collections on the Receivables with reasonable care, using that degree of skill and attention that the Servicer exercises with respect to comparable motor vehicle related receivables that it services for itself or others. The Servicer hereby accepts such appointment and authorization and agrees to perform the duties of Servicer with respect to the Receivables set forth hereinherein and in the Further Transfer and Servicing Agreements.

Appears in 19 contracts

Samples: Pooling and Servicing Agreement (Capital Auto Receivables LLC), Pooling and Servicing Agreement (Ally Auto Receivables Trust 2010-3), Pooling and Servicing Agreement (Capital Auto Receivables Asset Trust 2007-1)

Duties of the Servicer. (a) The Servicer is hereby appointed and authorized to act as agent for the Owner of the Receivables and in such capacity shall manage, service, administer and process make collections on the Receivables with reasonable care, using that degree of skill and attention that the Servicer exercises with respect to comparable motor vehicle related receivables that it services for itself or others. The Servicer hereby accepts such appointment and authorization and agrees to perform the duties of Servicer with respect to the Receivables set forth herein.

Appears in 10 contracts

Samples: Servicing Agreement (Ally Auto Receivables Trust 2011-4), Servicing Agreement (Ally Auto Receivables Trust 2011-4), Servicing Agreement (Ally Auto Receivables Trust 2011-1)

AutoNDA by SimpleDocs

Duties of the Servicer. (a) The Servicer is hereby appointed and authorized to act as agent for the Owner of the Receivables and in such capacity shall manage, service, administer and process make collections on the Receivables with reasonable care, using that degree of skill and attention that the Servicer exercises with respect to comparable motor vehicle related automotive receivables that it services for itself or others. The Servicer hereby accepts such appointment and authorization and agrees to perform the duties of Servicer with respect to the Receivables set forth hereinherein and in the Further Transfer and Servicing Agreements.

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (Capital Auto Receivables Asset Trust 2006-1), Pooling and Servicing Agreement (Capital Auto Receivables Asset Trust 2004-2), Pooling and Servicing Agreement (Capital Auto Receivables Inc)

Duties of the Servicer. (a) The Servicer is hereby appointed and authorized to act as agent for the Owner of the Receivables and in such capacity shall manage, service, administer and process make collections on the Receivables with reasonable care, using that degree of skill and attention that the Servicer exercises with respect to comparable motor vehicle related automotive receivables that it services for itself or others. The Servicer hereby accepts such appointment and authorization and agrees to perform the duties of Servicer with respect to the Receivables set forth hereinherein and in the Further Transfer and Servicing Agreements.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Capital Auto Receivables Inc), Pooling and Servicing Agreement (Capital Auto Receivables Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.