the Servicer's normal
business practices.
SECTION 5.07.
TRUSTEES TO COOPERATE.
UPON PAYMENT IN FULL ON ANY CONTRACT, THE SERVICER SHALL (IF THE SERVICER IS NOT
THEN IN POSSESSION OF THE CONTRACTS AND CONTRACT FILES) NOTIFY THE TRUSTEES AND
REQUEST DELIVERY OF THE CONTRACT AND CONTRACT FILE TO THE SERVICER.
UPON
RECEIPT OF SUCH NOTICE AND REQUEST, THE TRUSTEES SHALL PROMPTLY RELEASE OR CAUSE
TO BE RELEASED SUCH CONTRACT AND CONTRACT FILE TO THE SERVICER.
UPON RECEIPT OF
SUCH CONTRACT AND CONTRACT FILE, EACH OF THE TRUST DEPOSITOR AND THE SERVICER IS
AUTHORIZED TO EXECUTE AN INSTRUMENT IN SATISFACTION OF SUCH CONTRACT AND TO DO
SUCH OTHER ACTS AND EXECUTE SUCH OTHER DOCUMENTS AS THE SERVICER DEEMS NECESSARY
TO DISCHARGE THE OBLIGOR THEREUNDER AND ELIMINATE THE SECURITY INTEREST IN THE
MOTORCYCLE RELATED THERETO.
THE SERVICER SHALL DETERMINE WHEN A CONTRACT HAS
BEEN PAID IN FULL; TO THE EXTENT THAT INSUFFICIENT PAYMENTS ARE RECEIVED ON A
CONTRACT CREDITED BY THE SERVICER AS PREPAID OR PAID IN FULL AND SATISFIED, THE
SHORTFALL SHALL BE PAID BY THE SERVICER OUT OF ITS OWN FUNDS.
FROM TIME TO TIME
AS APPROPRIATE FOR SERVICING AND REPOSSESSION IN CONNECTION WITH ANY CONTRACT,
IF THE SERVICER IS NOT THEN IN POSSESSION OF THE CONTRACTS AND CONTRACT FILES,
THE INDENTURE TRUSTEE SHALL, UPON WRITTEN REQUEST OF A SERVICING OFFICER AND
DELIVERY TO THE INDENTURE TRUSTEE OF A RECEIPT SIGNED BY SUCH SERVICING OFFICER,
CAUSE THE ORIGINAL CONTRACT AND THE RELATED CONTRACT FILE TO BE RELEASED TO THE
SERVICER AND SHALL EXECUTE SUCH DOCUMENTS AS THE SERVICER SHALL DEEM REASONABLY
NECESSARY TO THE PROSECUTION OF ANY SUCH PROCEEDINGS.
SUCH RECEIPT SHALL
OBLIGATE THE SERVICER TO RETURN THE ORIGINAL CONTRACT AND THE RELATED CONTRACT
FILE TO THE INDENTURE TRUSTEE WHEN THE NEED BY THE SERVICER HAS CEASED UNLESS
THE CONTRACT SHALL BE REACQUIRED AS DESCRIBED IN SECTION 7.10.
UPON REQUEST OF
A SERVICING OFFICER, THE INDENTURE TRUSTEE SHALL PERFORM SUCH OTHER ACTS AS
REASONABLY REQUESTED BY THE SERVICER AND OTHERWISE COOPERATE WITH THE SERVICER
IN THE ENFORCEMENT OF THE CERTIFICATEHOLDER'S RIGHTS AND REMEDIES WITH RESPECT
TO CONTRACTS.
SECTION 5.08.
COSTS AND EXPENSES.
ALL COSTS AND EXPENSES INCURRED BY THE SERVICER IN CARRYING OUT ITS DUTIES
HEREUNDER, FEES AND EXPENSES OF ACCOUNTANTS AND PAYMENTS OF ALL FEES AND
EXPENSES INCURRED IN CONNECTION WITH THE ENFORCEMENT OF CONTRACTS (INCLUDING
ENFORCEMENT OF DEFAULTED CONTRACTS AND REPOSSESSIONS OF MOTORCYCLES SECURING
SUCH CONTRACTS WHEN SUCH CONTRACTS ARE NOT REACQUIRED PURSUANT TO SECTION 7.08)
AND ALL OTHER FEES AND EXPENSES NOT EXPRESSLY STATED HEREUNDER TO BE FOR THE
ACCOUNT OF THE TRUST SHALL BE PAID BY THE SERVICER AND THE SERVICER SHALL NOT BE
ENTITLED TO REIMBURSEMENT HEREUNDER.
37
SECTION 5.09.
MAINTENANCE OF SECURITY
INTERESTS IN MOTORCYCLES.
THE SERVICER SHALL TAKE SUCH STEPS AS ARE NECESSARY
TO MAINTAIN CONTINUOUS PERFECTION AND THE FIRST PRIORITY OF THE SECURITY
INTEREST CREATED BY EACH CONTRACT IN THE RELATED MOTORCYCLE.
THE OWNER TRUSTEE
AND THE INDENTURE TRUSTEE HEREBY AUTHORIZE THE SERVICER TO TAKE SUCH STEPS AS
ARE NECESSARY TO PERFECT