Common use of Duties of the Subservicer Clause in Contracts

Duties of the Subservicer. (a) As of the Effective Date, subject to the terms of this Agreement, the Servicer hereby acknowledges and agrees that SCI will act as servicer of each Program Portfolio, and SCI hereby agrees to act as servicer of each Program Portfolio, to manage, service, collect, enforce, administer and provide the other services for each Program Portfolio from and after the Effective Date, in each case, as required by, or described in, this Agreement and the applicable Program Portfolio Schedule and that is consistent and in accordance with the terms of this Agreement, the Customary Servicing Practices, the service level agreements negotiated from time to time by the parties hereto (the “SLAs”) and Applicable Law (collectively, the “Services”). The Subservicer shall perform the Services, and agrees to act hereunder, in accordance with the standard of care with respect to each Program Portfolio set forth in the related Program Portfolio Schedule and that is consistent with its Customary Servicing Practices and the SLAs. The Subservicer’s duties shall include those additional or alternate duties with respect to each Program Portfolio as reflected in the related Program Portfolio Schedule (the “Program Portfolio Services”).

Appears in 4 contracts

Samples: Servicing Agreement (Santander Drive Auto Receivables LLC), Servicing Agreement (Santander Drive Auto Receivables LLC), Servicing Agreement (Santander Drive Auto Receivables LLC)

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