Common use of Servicer to Act Clause in Contracts

Servicer to Act. (a) Notwithstanding the transfers and assignments of the Contracts and the other Contributed Property contemplated hereby, the Servicer, for the benefit of the Transferor, and, upon assignment of the Transferor's rights hereunder to the Issuer (and the Issuer's assignment thereof to the Trustee for the benefit of the Trustee and the Noteholders), will service and administer each Contract in accordance with the terms thereof and of this Agreement. The Servicer shall provide the Obligors with appropriate invoices and such other notices as may be required to ensure that all Contract Payments, Prepayment Amounts and Partial Prepayment Amounts on or in respect of each Contract are remitted by the Obligors directly to a Lock-Box Account.

Servicer to Act. (a) Notwithstanding the transfers and assignments of the Contracts and the other Contributed Property contemplated hereby, the Servicer, for the benefit of the Transferor, and, upon assignment of the Transferor's rights hereunder to the Issuer (and the Issuer's assignment thereof to the Trustee for the benefit of the Trustee and the NoteholdersSecurityholders), will service and administer each Contract in accordance with the terms thereof and of this Agreement. The Servicer shall provide the Obligors with appropriate invoices and such other notices as may be required to ensure that all Contract Payments, Prepayment Amounts and Partial Prepayment Amounts on or in respect of each Contract are remitted by the Obligors directly to a Lock-Box Account.