Common use of Sub-Servicing Clause in Contracts

Sub-Servicing. The Servicer may appoint any Affiliate as a sub-servicer (each, a "Sub-Servicer") hereunder, provided, however, that such appointment shall not relieve the Servicer of its duties hereunder. Each duly appointed Sub-Servicer is hereby authorized to take any action which is authorized to be taken by the Servicer hereunder. The Servicer hereby appoints each of DNB-La. and MCC as a Sub-Servicer hereunder. Any amounts received by a Sub-Servicer in respect of a Receivable shall be deemed to have been received by the Servicer whether or not actually received by it. The Servicer shall supervise, monitor and oversee the servicing of the Receivables by the Sub-Servicers and the performance by the Sub-Servicers of all services, duties, responsibilities and obligations that are to be observed or performed by the Sub-Servicers. Upon the termination or resignation of the Servicer in accordance with the terms hereof, the services, duties, responsibilities and obligations of the Sub-Servicers hereunder shall be terminated. As compensation for the performance of its obligations as a Sub-Servicer under this Agreement, each Sub-Servicer shall be entitled to receive a fee from the Servicer in such amounts as shall be separately agreed between the Servicer and such Sub-Servicer.

Sub-Servicing. The Master Servicer may appoint any Affiliate as a sub-servicer (each, a "Sub-Servicer") hereunder, provided, however, that such appointment shall not relieve the Master Servicer of its duties hereunder. Each duly appointed Sub-Servicer is hereby authorized to take any action which is authorized to be taken by the Master Servicer hereunder. The Master Servicer hereby appoints each of DNB-La. Mercantile, Mercantile Credit Corporation and MCC Dillard's as a Sub-Servicer hereunder. Any amounts received by a Sub-Servicer in respect of a Receivable shall be deemed to have been received by the Master Servicer whether or not actually received by it. The Master Servicer shall supervise, monitor and oversee the servicing of the Receivables by the Sub-Servicers and the performance by the Sub-Servicers of all services, duties, responsibilities and obligations that are to be observed or performed by the Sub-Servicers. Upon the termination or resignation of the Master Servicer in accordance with the terms hereof, the services, duties, responsibilities and obligations of the Sub-Servicers hereunder shall be terminated. As compensation for the performance of its obligations as a Sub-Servicer under this Agreement, each Sub-Servicer shall be entitled to receive a fee from the Master Servicer in such amounts as shall be separately agreed between the Master Servicer and such Sub-Servicer.