Common use of Agreement with Depository Institution Clause in Contracts

Agreement with Depository Institution. The Bank Accounts will only be established at a Qualified Institution or Qualified Trust Institution that complies with the requirements set forth in Section 5.2(d) of the Servicing Agreement.

Appears in 22 contracts

Samples: Servicing Supplement (Ford Credit Auto Lease Trust 2015-B), Servicing Agreement (Ford Credit Auto Lease Trust 2015-B), Servicing Supplement (Ford Credit Auto Lease Trust 2015-A)

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Agreement with Depository Institution. The 2017-A Bank Accounts will only be established at a Qualified Institution depository institution or Qualified Trust Institution trust company that complies with the requirements set forth in Section 5.2(d5.02(d) of the Basic Servicing Agreement.

Appears in 2 contracts

Samples: 2017 a Servicing Supplement (Mercedes-Benz Auto Lease Trust 2017-A), Servicing Supplement (Mercedes-Benz Auto Lease Trust 2017-A)

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Agreement with Depository Institution. The 2016-A Bank Accounts will only be established at a Qualified Institution depository institution or Qualified Trust Institution trust company that complies with the requirements set forth in Section 5.2(d5.02(d) of the Basic Servicing Agreement.

Appears in 2 contracts

Samples: Servicing Supplement (Mercedes-Benz Auto Lease Trust 2016-A), Servicing Supplement (Mercedes-Benz Auto Lease Trust 2016-A)

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