Common use of Benchmark Replacement; Benchmark Replacement Conforming Changes Clause in Contracts

Benchmark Replacement; Benchmark Replacement Conforming Changes. Upon receipt of notice from the Issuer of the determination of a Benchmark Replacement and/or the making of any Benchmark Replacement Conforming Changes, the Servicer will include in the Monthly Investor Report any information regarding the Unadjusted Benchmark Replacement, the Benchmark Replacement Adjustment and any such Benchmark Replacement Conforming Changes provided by the Issuer.

Appears in 39 contracts

Samples: Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2024-C), Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2024-C), Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2024-B)

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Benchmark Replacement; Benchmark Replacement Conforming Changes. Upon receipt of notice from the Issuer of the determination of a Benchmark Replacement and/or the making of any Benchmark Replacement Conforming Changes, the Servicer will include in the Monthly Investor Report any information regarding the Unadjusted Benchmark Replacement, the Benchmark Replacement Adjustment and any such Benchmark Replacement Conforming Changes provided by the Issuer.]

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Ford Credit Auto Receivables Two LLC), Servicing Agreement (CAB East LLC)

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