Common use of Subcustodian Clause in Contracts

Subcustodian. The initial Servicer, in its capacity as custodian, may appoint a Subservicer as subcustodian with respect to any Receivable File pursuant to Section 7.03(e). In the event that the initial Servicer, in its capacity as custodian, is terminated in such capacity hereunder, each subcustodian will be terminated as subcustodian for each Receivable with respect to which it is then acting in such capacity.

Subcustodian. The initial Servicer, in its capacity as custodian, may appoint a Subservicer as subcustodian with respect to any Receivable File Contract pursuant to Section 7.03(e)6.07. In the event that the initial Servicer, in its capacity as custodian, custodian is terminated in such capacity hereunder, each subcustodian will be terminated as subcustodian for each Receivable Loan with respect to which it is then acting in such capacity.

Subcustodian. The initial Servicer, in its capacity as custodian, may appoint a Subservicer as subcustodian with respect to any Receivable File pursuant to Section 7.03(e7.03(d). In the event that the initial Servicer, in its capacity as custodian, is terminated in such capacity hereunder, each subcustodian will be terminated as subcustodian for each Receivable with respect to which it is then acting in such capacity.

Subcustodian. The initial Servicer, in its capacity as custodian, may appoint a Subservicer as subcustodian with respect to any Receivable File pursuant to Section 7.03(e7.03(f). In the event that the initial Servicer, in its capacity as custodian, is terminated in such capacity hereunder, each subcustodian will be terminated as subcustodian for each Receivable with respect to which it is then acting in such capacity.

Subcustodian. The initial Servicer, in its capacity as custodian, may appoint a Subservicer as subcustodian with respect to any Receivable File Loan Agreement pursuant to Section 7.03(e)6.07. In the event that the initial Servicer, in its capacity as custodian, custodian is terminated in such capacity hereunder, each subcustodian will be terminated as subcustodian for each Receivable Loan with respect to which it is then acting in such capacity.