Servicing of Purchased Receivables Sample Clauses

Servicing of Purchased Receivables. The Servicer shall within its ordinary course of business service, collect, monitor and administer all relevant Purchased Receivables and perform all related functions thereto in the same manner and with the same care that the Servicer exercises with respect to comparable receivables that it services for itself or others; and
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Servicing of Purchased Receivables. (a) The enforcement, servicing, administration and collection of the Purchased Receivables and Related Security shall be conducted by the Servicer, all on the terms set out in (and subject to any rights to terminate the initial Servicer as servicer, any replacement Servicer or any sub-servicer pursuant to) the Servicing Deed.
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Servicing of Purchased Receivables. Subject to Buyer’s ownership of the Purchased Receivables, KBC shall have the sole right to service, administer and collect the Purchased Receivables, to assign such right and to delegate such right to others. In consideration of Buyer’s purchase of the Purchased Receivables, Seller agrees to cooperate fully with Buyer and/or KBC to facilitate the full and proper performance of such duties and obligations for the benefit of Buyer, RCA and/or KBC. To the extent that Buyer, individually or through KBC, has granted or grants powers of attorney to RCA or to KBC, Seller hereby grants a corresponding power of attorney on the same terms to RCA or KBC. Seller hereby acknowledges and agrees that Buyer, in all of its capacities, may assign to RCA, which in turn may assign to KBC for the benefit of RCA such powers of attorney and other rights and interests granted by Seller to Buyer pursuant to Section 5.1 hereof, and agrees to cooperate fully with KBC in the exercise of such rights.
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Servicing of Purchased Receivables. Subject to Buyer’s ownership of the Purchased Receivables, KBC shall have the sole right to service, administer and collect the Purchased Receivables, to assign such right and to delegate such right to others. In consideration of Buyer’s purchase of the Purchased Receivables, Seller agrees to cooperate fully with Buyer and/or KBC to facilitate the full and proper performance of such duties and obligations for the benefit of Buyer, RCA and/or KBC. To the extent that Buyer, individually or through KBC, has granted or grants powers of attorney to RCA or to KBC, Seller hereby grants a corresponding power of attorney on the same terms to RCA or KBC. Seller hereby acknowledges and agrees that Buyer, in all of its capacities, may assign to RCA, which in turn may assign to KBC for the benefit of RCA such powers of attorney and other rights and interests granted by Seller to Buyer pursuant to Section 5.1 hereof, and agrees to cooperate fully with KBC in the exercise of such rights. Notwithstanding anything herein to the contrary, to the extent that (i) Seller desires to withdraw a contract with an Account Debtor from eligibility under the Receivables purchase program contemplated by this Agreement and (ii) all Collections relating to all Purchased Receivables arising under such contract have been received in full by Buyer, then Buyer, for itself and on behalf of its Affiliates, agrees to take all commercially reasonable efforts to cooperate with Seller to cause such contract and any and all accounts receivable arising thereunder to be reassigned to Seller.
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Servicing of Purchased Receivables. 4.4.1 The Parties agree that the purchase price for the accounts receivable reflects a market rate fee to the Seller for continued servicing of the accounts receivable by Seller or its affiliate. If, at any lime during the term of this Agreement, the Purchaser takes over the xxxxxxx from the Seller, an amount of 5 USO per booked invoice or credit note will be charged to the Seller.
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Servicing of Purchased Receivables 
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Related to Servicing of Purchased Receivables

  • Reassignment of Purchased Receivables Upon deposit in the Collection Account of the Purchase Amount of any Receivable repurchased by Seller under Section 5.1 hereof, Purchaser and the Issuer shall take such steps as may be reasonably requested by Seller in order to assign to Seller all of Purchaser’s and the Issuer’s right, title and interest in and to such Receivable and all security and documents and all Other Conveyed Property conveyed to Purchaser and the Issuer directly relating thereto, without recourse, representation or warranty, except as to the absence of Liens created by or arising as a result of actions of Purchaser or the Issuer. Such assignment shall be a sale and assignment outright, and not for security. If, following the reassignment of a Purchased Receivable, in any enforcement suit or legal proceeding, it is held that Seller may not enforce any such Receivable on the ground that it shall not be a real party in interest or a holder entitled to enforce the Receivable, Purchaser and the Issuer shall, at the expense of Seller, take such steps as Seller deems reasonably necessary to enforce the Receivable, including bringing suit in Purchaser’s or in the Issuer’s name.

  • Servicing of Receivables The Master Servicer shall service the Receivables as required by the terms of this Agreement and in material compliance with its standard and customary procedures for servicing all its other comparable motor vehicle receivables and in compliance with applicable law; and

  • Seller's Assignment of Purchased Receivables With respect to all Receivables repurchased by the Seller pursuant to this Agreement, the Purchaser shall assign, without recourse, representation or warranty, to the Seller all the Purchaser's right, title and interest in and to such Receivables, and all security and documents relating thereto.

  • Special Servicing of Delinquent Mortgage Loans If permitted under the terms of the applicable Servicing Agreement, the Seller may appoint, pursuant to the terms of the applicable Servicing Agreement and with the written consent of the Depositor, the Master Servicer, the Trustee, the Securities Administrator and any NIMS Insurer, a Special Servicer to special service any Distressed Mortgage Loans. Any applicable Termination Fee related to the termination of the related Servicer and the appointment of any Special Servicer shall be paid by the Seller from its own funds, without right of reimbursement from the Trust Fund. Any fees paid to any such Special Servicer shall not exceed the Servicing Fee Rate.

  • of the Interim Servicing Agreement All individual insurance policies contain a standard mortgagee clause naming the Seller and its successors and assigns as mortgagee, and all premiums thereon have been paid. The Mortgage obligates the Mortgagor thereunder to maintain the hazard insurance policy at the Mortgagor's cost and expense, and on the Mortgagor's failure to do so, authorizes the holder of the Mortgage to obtain and maintain such insurance at such Mortgagor's cost and expense, and to seek reimbursement therefor from the Mortgagor. Where required by state law or regulation, the Mortgagor has been given an opportunity to choose the carrier of the required hazard insurance, provided the policy is not a "master" or "blanket" hazard insurance policy covering a condominium, or any hazard insurance policy covering the common facilities of a planned unit development. The hazard insurance policy is the valid and binding obligation of the insurer, is in full force and effect, and will be in full force and effect and inure to the benefit of the Purchaser upon the consummation of the transactions contemplated by this Agreement. The Seller has not engaged in, and has no knowledge of the Mortgagor's having engaged in, any act or omission which would impair the coverage of any such policy, the benefits of the endorsement provided for herein, or the validity and binding effect of either including, without limitation, no unlawful fee, commission, kickback or other unlawful compensation or value of any kind has been or will be received, retained or realized by any attorney, firm or other person or entity, and no such unlawful items have been received, retained or realized by the Seller;

  • Assignment of Administrative Receivables and Warranty Receivables Upon receipt of the Administrative Purchase Payment or the Warranty Payment with respect to an Administrative Receivable or a Warranty Receivable, respectively, the Owner Trustee shall assign, without recourse, representation or warranty, to the Servicer or the Warranty Purchaser, as applicable, all of the Issuing Entity’s right, title and interest in, to and under, and the Indenture Trustee shall be deemed automatically to have released its security interest in such Administrative Receivable or Warranty Receivable, all monies due thereon, the security interests in the related Financed Vehicle, proceeds from any Insurance Policies, proceeds from recourse against a Dealer on such Receivable and the interests of such Person or the Issuing Entity, as applicable, in rebates of premiums and other amounts relating to the Insurance Policies and any document relating thereto and all other related Purchased Property, such assignment being an assignment outright and not for security; and the Servicer or the Warranty Purchaser, as applicable, shall thereupon own such Receivable, and all such security and documents, free of any further obligations to the Indenture Trustee, the Owner Trustee, the Noteholders or the Certificateholders with respect thereto. If in any Proceeding it is held that the Servicer may not enforce a Receivable on the ground that it is not a real party in interest or a holder entitled to enforce the Receivable, the Indenture Trustee or the Owner Trustee, as applicable, shall, at the Servicer’s expense, take such steps as the Servicer deems necessary to enforce the Receivable, including bringing suit in the name of such Person or the names of the Noteholders or the Certificateholders.

  • Collection of Receivables Except as otherwise provided in this Security Agreement, such Grantor will collect and enforce, at such Grantor’s sole expense, all amounts due or hereafter due to such Grantor under the Receivables owned by it.

  • Depositor Assignment of Repurchased Receivables With respect to all Receivables repurchased by the Seller pursuant to this Agreement, the Depositor shall assign, without recourse, representation or warranty, to the Seller all of the Depositor’s right, title and interest in and to such Receivables and all security and documents relating thereto.

  • Receivables (a) Other than in the ordinary course of business consistent with its past practice, such Grantor will not (i) grant any extension of the time of payment of any Receivable, (ii) compromise or settle any Receivable for less than the full amount thereof, (iii) release, wholly or partially, any Person liable for the payment of any Receivable, (iv) allow any credit or discount whatsoever on any Receivable or (v) amend, supplement or modify any Receivable in any manner that could adversely affect the value thereof.

  • Administration and Servicing of Receivables SECTION 4.1

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