Obligations of Backup Servicer. (a) The Backup Servicer shall serve in a reserve capacity to the Servicer, and shall be willing to assume the duties of the Servicer on direction from the Facility Agent. In its capacity as Backup Servicer, the Backup Servicer shall perform the following duties:
Appears in 2 contracts
Samples: Loan and Administration Agreement (Commercial Credit, Inc.), Loan and Administration Agreement (Commercial Credit, Inc.)
Obligations of Backup Servicer. (a) The Backup Servicer shall serve in a reserve capacity to the Servicer, and shall be willing to assume the duties of the Servicer Servicer, subject to any limitations as provided for herein, on direction from the Facility Agent. In its capacity as Backup Servicer, the Backup Servicer shall perform the following duties:
Appears in 1 contract
Samples: Loan and Administration Agreement (Commercial Credit, Inc.)
Obligations of Backup Servicer. (a) The Backup Servicer shall serve in a reserve capacity to the applicable Servicer, and shall be willing to assume the duties of the Servicer such Servicer, subject to any limitations as provided for herein, on direction from the Facility Agent. In its capacity as Backup Servicer, the Backup Servicer shall perform the following duties:
Appears in 1 contract
Samples: Loan and Administration Agreement (Commercial Credit, Inc.)
Obligations of Backup Servicer. (ai) The Backup Servicer shall serve in a reserve capacity to the Servicer, and shall be willing to assume the duties of the Servicer on direction from the Facility Agent. In its capacity as Backup Servicer, the Backup Servicer shall perform the following duties:
Appears in 1 contract
