Specified Action. An action by the Servicer with respect to a Receivable or Account included in the Pool of Accounts, as applicable, and with respect to which the Servicer requires the consent of the Seller pursuant to the Intercompany Servicing Agreement. With respect to any Specified Action requiring consent under any Basic Document, the term “consent” with respect to such Specified Action shall mean any consent or other action required to be obtained or undertaken by the Seller or the Servicer, as applicable, with respect to such Specified Action pursuant to the Intercompany Servicing Agreement.
Appears in 2 contracts
Sources: Trust Sale and Servicing Agreement, Trust Sale and Servicing Agreement (Ally Wholesale Enterprises LLC)