Common use of Purchase for System Limitation or Inability to Service Clause in Contracts

Purchase for System Limitation or Inability to Service. If the Servicer, in its sole discretion, determines that as a result of a receivables systems error or receivables systems limitation or for any other reason the Servicer is unable to service a Receivable according to the Servicing Procedures and the terms of this Agreement, the Servicer may purchase the Receivable.

Appears in 53 contracts

Samples: Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2024-A), Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2024-A), Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2023-C)

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