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Subscribers | 2006 |
Servicing Agreement
Servicing Agreement (179K)
Doc #2610812: Click preview link for longer preview.
SOURCING AND
SERVICING AGREEMENT
among
FCC INVESTMENT TRUST I
as Owner
FIRST CONSUMER CREDIT, INC.,
as Sourcer
and
FIRST CONSUMER CREDIT, INC.,
as Initial Servicer
Dated as of November 2, 2006
TABLE OF CONTENTS
Page
ARTICLE I DEFINITIONS
1
ARTICLE II TERM OF AGREEMENT
17
ARTICLE III ENGAGEMENT OF SOURCER; SOURCER DUTIES; SOURCER ACTIONS REQUIRING APPROVAL OF OWNER
17
3.1
Engagement . . .
2610812
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US Home & Garden
As referenced in this Servicing Agreement:
U.S. Home – being made), shall exceed three percent (3%) and/or (iv) any Servicer Event of Default.
U.S. Bank means U.S. Bank National Association, a national banking association.
USHS means U.S. Home Systems, Inc., a Delaware corporation.
Venture Business means, collectively, the Sourcing Business and the Servicing Business.
Weighted Average Purchased Receivable Loss Rate means, with respect to the Purchased Receivables,
_____________
US Home – No.: (651) 495-3855
With a copy to:
FCC Investment Trust I
at the address set forth in the Owner Notice
If to Sourcer
First Consumer Credit, Inc.
c/o US Home Systems, Inc.
405 SH 121 Bypass
Building A., Suite 250
Lewisville, TX 75067
44
Attn.: Mr. James D. Borschow
Attn.: Mr. Murray H. Gross
Facsimile: (972) 459-9258
If
_____________
US Home – A., Suite 250
Lewisville, TX 75067
44
Attn.: Mr. James D. Borschow
Attn.: Mr. Murray H. Gross
Facsimile: (972) 459-9258
If to Servicer
First Consumer Credit, Inc.
c/o US Home Systems, Inc.
405 SH 121 Bypass
Building A., Suite 250
Lewisville, TX 75067
Attn.: Mr. James D. Borschow and
Attn.: Mr. Murray H. Gross
Facsimile: (972) 459-9258
Any
_____________
dt 1654964
;
U.S. Home
As referenced in this Servicing Agreement:
U.S. Home Systems, Inc – being made), shall exceed three percent (3%) and/or (iv) any Servicer Event of Default.
U.S. Bank means U.S. Bank National Association, a national banking association.
USHS means U.S. Home Systems, Inc ., a Delaware corporation.
Venture Business means, collectively, the Sourcing Business and the Servicing Business.
Weighted Average Purchased Receivable Loss Rate means, with respect to the Purchased Receivables, the weighted
_____________
dt 1627285
;
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 U.S. Bank, NA
As referenced in this Servicing Agreement:
U.S. Bank National Association, – period as to which the determination of a Triggering Event is being made), shall exceed three percent (3%) and/or (iv) any Servicer Event of Default.
U.S. Bank means U.S. Bank National Association, a national banking association.
USHS means U.S. Home Systems, Inc., a Delaware corporation.
Venture Business means, collectively, the Sourcing Business and the Servicing Business.
Weighted Average Purchased Receivable
_____________
dt 1644161
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