Backup Servicer definition

Backup Servicer means W▇▇▇▇ Fargo Bank, National Association, in its capacity as Backup Servicer under this Agreement.

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Backup Servicer has the meaning given to such term in the Preamble.

Backup Servicer means any backup servicer of the Receivables appointed pursuant to Section 7.02 of the Sale and Servicing Agreement following the occurrence of a Backup Servicer Appointment Event.

Examples of Backup Servicer in a sentence

• In connection with the conversion of the Live Data Files to its internal systems, the Backup Servicer shall be entitled to receive such compensation as shall be mutually agreed in writing by the Servicer, the Deal Agent and Backup Servicer pursuant to Section 2.7(a)(ii) of the Loan Agreement but in any event not to exceed $20,000 for set-up and initial conversion and $7,500 for each subsequent instance (if any) requested by the Deal Agent.

• The Servicer shall advise the Backup Servicer, the Collateral Agent, each Lender and the Deal Agent promptly, in reasonable detail of: (i) any Lien asserted or claim made against any portion of the Collateral; (ii) the occurrence of any breach by the Servicer of any of its representations, warranties and covenants contained herein or in any other Transaction Document; and (iii) the occurrence of any other event which would have a Material Adverse Effect.

• In connection with the delivery obligations of the Servicer under Section 2.1(d), Credit Acceptance shall provide a Live Data File (as defined below) transmission to the Backup Servicer, which shall include the Loans and Contracts master file, the transaction history file and all other files necessary to carry out the Service-Related Activities in connection herewith (the “Live Data Files”).

• The Backup Servicer shall retain the most recent three (3) months' Live Data Files.

• If the Backup Servicer determines that the Servicer’s Data File is not in readable form, the Backup Servicer shall promptly upon actual knowledge thereof (but in any event within one (1) Business Day) notify the Servicer and the Deal Agent by telephone or electronic mail, and upon such notification, the Servicer shall prepare and send a replacement Servicer’s Data File to the Backup Servicer satisfying the Backup Servicer’s specifications, for receipt by the Backup Servicer on the next Business Day.

More Definitions of Backup Servicer

Backup Servicer means Citibank, N.A. so long as it is the Indenture Trustee under the Indenture, or any successor backup servicer appointed in accordance with Section 8.7.

Backup Servicer. Vervent Inc., or its successor and assigns under the Backup Servicing Agreement.

Backup Servicer. ▇▇▇▇▇ Fargo Bank, National Association, not in its individual capacity, but solely as Backup Servicer, its successor in interest pursuant to Section 7.3 or such Person as shall have been appointed as Backup Servicer pursuant to Section 7.5.

Backup Servicer means Concord Servicing Corporation, an Arizona corporation, and its permitted successors and assigns.

Backup Servicer means The Bank of New York Mellon, in its capacity as Backup Servicer under the Backup Servicing Agreement, together with its successors and assigns.

Backup Servicer. Defined in the Preamble.

Backup Servicer means, with respect to any Pool, the party (if any) identified as the backup servicer in the Basic Servicing Agreement or the related Servicing Supplement, as applicable.