Realization on Underlying Collateral Securing Receivables. The Servicer warrants, represents and covenants that in the event that the Servicer or any Subservicer realizes upon any underlying collateral securing a Receivable, the methods utilized to realize upon such Receivable or otherwise enforce any provisions of the related Contract, will not subject the Servicer, the Borrower or any Secured Party to liability under any federal, State or local law, and that such enforcement by the Servicer or a Subservicer will be conducted in accordance with the provisions of this Agreement, the Collection Policy and Applicable Law.

Realization on Underlying Collateral Securing Receivables. The Servicer warrants, represents and covenants that inIn the event that the Servicer or any Subservicer realizes upon any underlying collateral securing a Receivable, the methods utilized by the Servicer to realize upon such Receivable or otherwise enforce any provisions of the related Contract,such Receivable will not subject the Servicer, the Borrower orBorrower, any Secured PartyParty, any Agent or the Backup Servicer to liability under any federal, State or local law, and thatany such realization or enforcement by the Servicer or a Subservicer will be conducted in accordance with the provisions of this Agreement, the Collection Policy and Applicable Law.