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Servicer shall have full power and authority, acting alone or through any party properly designated by it hereunder, to do any and all things in connection with such servicing and administration which it may deem necessary or desirable. (b) Subject to the provisions of this Agreement, Servicer shall service and administer the Receivables, shall collect payments due under the Receivables and shall charge off as uncollectible Receivables, all in accordance with its customary and usual servicing procedures for servicing credit card and other credit receivables comparable to the Receivables.
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For purposes of this Agreement and all such certificates and other documents, unless the context otherwise requires: (a) accounting terms not otherwise defined in this Agreement, and accounting terms partly defined in this Agreement to the extent not defined, shall have the respective meanings given to them under GAAP (b) terms defined in Article 9 of the UCC as in effect in the State of New York and not otherwise defined in this Agreement are used as defined in that Article (c) any reference to each Rating Agency shall only apply to any specific rating agency if such rating agency is then rating any outstanding Series (d) references to any amount as on deposit or outstanding on any particular date means such amount at the close of business on such day (e) the words “hereof,” “herein” and “hereunder” and words of similar import refer to this Agreement (or the certificate or other document in which they are used) as a whole and not to any particular provision of this Agreement (or such certificate or document) (f) references to any Section, Schedule or Exhibit are references to Sections, Schedules and Exhibits in or to this Agreement (or the certificate or other document in which the reference is made), and references to any paragraph, subsection, clause or other subdivision within any Section or definition refer to such paragraph, subsection, clause or other subdivision of such Section or definition (g) the term “including” means “including without limitation” (h) references to any law or regulation refer to that law or regulation as amended from time to time and include any successor law or regulation (i) references to any Person include that Person’s successors and assigns (j) references to any agreement refer to that agreement as amended, supplemented or otherwise modified form time to time and (k) headings are for purposes of reference only and shall not otherwise affect the meaning or interpretation of any provision hereof. All terms defined directly or by reference in this Agreement shall have the defined meanings when used in any certificate or other document delivered pursuant hereto unless otherwise defined therein. Section 1.2 Other Definitional Provisions.