Common use of Servicing and Administration of Loans Clause in Contracts

Servicing and Administration of Loans. Servicer shall service and administer the Loans in accordance with the terms of this Agreement and its usual practices and procedures for loans of similar size and structure as determined by Servicer in its sole and absolute discretion. Notwithstanding the foregoing, so long as Sponsor is not in default hereunder and has a continuing obligation pursuant to the Loan Facility Agreement and this Agreement, Servicer shall be responsible for the following duties in connection with the service and administration of the Loans:

Appears in 4 contracts

Samples: Servicing Agreement (Aaron's Inc), Servicing Agreement (Aaron's Inc), Servicing Agreement (Aaron Rents Inc)

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