Common use of Effect of Supplement on Basic Servicing Agreement Clause in Contracts

Effect of Supplement on Basic Servicing Agreement. (a) Except as otherwise specifically provided herein or unless the context otherwise requires, (i) the parties hereto shall continue to be bound by all provisions of the Basic Servicing Agreement and (ii) the provisions set forth herein shall operate either as additions to or modifications of the extant obligations of the parties under the Basic Servicing Agreement, as the context may require. In the event of any conflict between this Servicing Supplement and the Basic Servicing Agreement in respect of the 2022-1 SUBI, the provisions of this Servicing Supplement shall prevail. (b) For purposes of determining the obligations of the parties hereto under this Servicing Supplement with respect to the 2022-1 SUBI, except as otherwise indicated by the context, general references in the Basic Servicing Agreement to (i) a SUBI Certificate shall be deemed to refer more specifically to the 2022-1 SUBI Certificate, (ii) the SUBI shall be deemed to refer more specifically to the 2022-1 SUBI, (iii) a SUBI Portfolio shall be deemed to refer more specifically to the portfolio of assets of the 2022-1 SUBI, (iv) a SUBI Asset shall be deemed to refer more specifically to the 2022-1 Leases, the 2022-1 Vehicles and the other Trust Assets allocated to or earned by the 2022-1 SUBI, (v) a SUBI Servicing Agreement Supplement shall be deemed to refer more specifically to this Servicing Supplement and (vi) a SUBI Supplement shall be deemed to refer more specifically to the 2022-1 SUBI Supplement.

Appears in 2 contracts

Samples: Servicing Supplement (BMW Vehicle Lease Trust 2022-1), Servicing Supplement (BMW Vehicle Lease Trust 2022-1)

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Effect of Supplement on Basic Servicing Agreement. (a) Except as otherwise specifically provided herein or unless the context otherwise requires, (i) the parties hereto shall continue to be bound by all provisions of the Basic Servicing Agreement and (ii) the provisions set forth herein shall operate either as additions to or modifications of the extant obligations of the parties under the Basic Servicing Agreement, as the context may require. In the event of any conflict between this Servicing Supplement and the Basic Servicing Agreement in respect of the 20222021-1 SUBI, the provisions of this Servicing Supplement shall prevail. (b) For purposes of determining the obligations of the parties hereto under this Servicing Supplement with respect to the 20222021-1 SUBI, except as otherwise indicated by the context, general references in the Basic Servicing Agreement to (i) a SUBI Certificate shall be deemed to refer more specifically to the 20222021-1 SUBI Certificate, (ii) the SUBI shall be deemed to refer more specifically to the 20222021-1 SUBI, (iii) a SUBI Portfolio shall be deemed to refer more specifically to the portfolio of assets of the 20222021-1 SUBI, (iv) a SUBI Asset shall be deemed to refer more specifically to the 20222021-1 Leases, the 20222021-1 Vehicles and the other Trust Assets allocated to or earned by the 20222021-1 SUBI, (v) a SUBI Servicing Agreement Supplement shall be deemed to refer more specifically to this Servicing Supplement and (vi) a SUBI Supplement shall be deemed to refer more specifically to the 20222021-1 SUBI Supplement.

Appears in 2 contracts

Samples: Servicing Supplement (BMW Vehicle Lease Trust 2021-1), Servicing Supplement (BMW Vehicle Lease Trust 2021-1)

Effect of Supplement on Basic Servicing Agreement. (a) Except as otherwise specifically provided herein or unless the context otherwise requires, (i) the parties hereto shall continue to be bound by all provisions of the Basic Servicing Agreement and (ii) the provisions set forth herein shall operate either as additions to or modifications of the extant obligations of the parties under the Basic Servicing Agreement, as the context may require. In the event of any conflict between this Servicing Supplement and the Basic Servicing Agreement in respect of the 20222017-1 2 SUBI, the provisions of this Servicing Supplement shall prevail. (b) For purposes of determining the obligations of the parties hereto under this Servicing Supplement with respect to the 20222017-1 2 SUBI, except as otherwise indicated by the context, general references in the Basic Servicing Agreement to (i) a SUBI Certificate shall be deemed to refer more specifically to the 20222017-1 2 SUBI Certificate, (ii) the SUBI shall be deemed to refer more specifically to the 20222017-1 2 SUBI, (iii) a SUBI Portfolio shall be deemed to refer more specifically to the portfolio of assets of the 20222017-1 2 SUBI, (iv) a SUBI Asset shall be deemed to refer more specifically to the 20222017-1 2 Leases, the 20222017-1 2 Vehicles and the other Trust Assets allocated to or earned by the 20222017-1 2 SUBI, (v) a SUBI Servicing Agreement Supplement shall be deemed to refer more specifically to this Servicing Supplement and (vi) a SUBI Supplement shall be deemed to refer more specifically to the 20222017-1 2 SUBI Supplement.

Appears in 2 contracts

Samples: Servicing Supplement (BMW Vehicle Lease Trust 2017-2), Servicing Supplement (BMW Vehicle Lease Trust 2017-2)

Effect of Supplement on Basic Servicing Agreement. (a) Except as otherwise specifically provided herein or unless the context otherwise requires, (i) the parties hereto shall continue to be bound by all provisions of the Basic Servicing Agreement and (ii) the provisions set forth herein shall operate either as additions to or modifications of the extant obligations of the parties under the Basic Servicing Agreement, as the context may require. In the event of any conflict between this Servicing Supplement and the Basic Servicing Agreement in respect of the 20222016-1 2 SUBI, the provisions of this Servicing Supplement shall prevail. (b) For purposes of determining the obligations of the parties hereto under this Servicing Supplement with respect to the 20222016-1 2 SUBI, except as otherwise indicated by the context, general references in the Basic Servicing Agreement to (i) a SUBI Certificate shall be deemed to refer more specifically to the 20222016-1 2 SUBI Certificate, (ii) the SUBI shall be deemed to refer more specifically to the 20222016-1 2 SUBI, (iii) a SUBI Portfolio shall be deemed to refer more specifically to the portfolio of assets of the 20222016-1 2 SUBI, (iv) a SUBI Asset shall be deemed to refer more specifically to the 20222016-1 2 Leases, the 20222016-1 2 Vehicles and the other Trust Assets allocated to or earned by the 20222016-1 2 SUBI, (v) a SUBI Servicing Agreement Supplement shall be deemed to refer more specifically to this Servicing Supplement and (vi) a SUBI Supplement shall be deemed to refer more specifically to the 20222016-1 2 SUBI Supplement.

Appears in 2 contracts

Samples: Servicing Supplement (BMW Vehicle Lease Trust 2016-2), Servicing Supplement (BMW Vehicle Lease Trust 2016-2)

Effect of Supplement on Basic Servicing Agreement. (a) Except as otherwise specifically provided herein or unless the context otherwise requires, (i) the parties hereto shall continue to be bound by all provisions of the Basic Servicing Agreement and (ii) the provisions set forth herein shall operate either as additions to or modifications of the extant obligations of the parties under the Basic Servicing Agreement, as the context may require. In the event of any conflict between this Servicing Supplement and the Basic Servicing Agreement in respect of the 20222024-1 SUBI, the provisions of this Servicing Supplement shall prevail. (b) For purposes of determining the obligations of the parties hereto under this Servicing Supplement with respect to the 20222024-1 SUBI, except as otherwise indicated by the context, general references in the Basic Servicing Agreement to (i) a SUBI Certificate shall be deemed to refer more specifically to the 20222024-1 SUBI Certificate, (ii) the SUBI shall be deemed to refer more specifically to the 20222024-1 SUBI, (iii) a SUBI Portfolio shall be deemed to refer more specifically to the portfolio of assets of the 20222024-1 SUBI, (iv) a SUBI Asset shall be deemed to refer more specifically to the 20222024-1 Leases, the 20222024-1 Vehicles and the other Trust Assets allocated to or earned by the 20222024-1 SUBI, (v) a SUBI Servicing Agreement Supplement shall be deemed to refer more specifically to this Servicing Supplement and (vi) a SUBI Supplement shall be deemed to refer more specifically to the 20222024-1 SUBI Supplement.

Appears in 2 contracts

Samples: Servicing Supplement (BMW Vehicle Lease Trust 2024-1), Servicing Supplement (BMW Vehicle Lease Trust 2024-1)

Effect of Supplement on Basic Servicing Agreement. (a) Except as otherwise specifically provided herein or unless the context otherwise requires, (i) the parties hereto shall continue to be bound by all provisions of the Basic Servicing Agreement and (ii) the provisions set forth herein shall operate either as additions to or modifications of the extant obligations of the parties under the Basic Servicing Agreement, as the context may require. In the event of any conflict between this Servicing Supplement and the Basic Servicing Agreement in respect of the 20222019-1 SUBI, the provisions of this Servicing Supplement shall prevail. (b) For purposes of determining the obligations of the parties hereto under this Servicing Supplement with respect to the 20222019-1 SUBI, except as otherwise indicated by the context, general references in the Basic Servicing Agreement to (i) a SUBI Certificate shall be deemed to refer more specifically to the 20222019-1 SUBI Certificate, (ii) the SUBI shall be deemed to refer more specifically to the 20222019-1 SUBI, (iii) a SUBI Portfolio shall be deemed to refer more specifically to the portfolio of assets of the 20222019-1 SUBI, (iv) a SUBI Asset shall be deemed to refer more specifically to the 20222019-1 Leases, the 20222019-1 Vehicles and the other Trust Assets allocated to or earned by the 20222019-1 SUBI, (v) a SUBI Servicing Agreement Supplement shall be deemed to refer more specifically to this Servicing Supplement and (vi) a SUBI Supplement shall be deemed to refer more specifically to the 20222019-1 SUBI Supplement.

Appears in 2 contracts

Samples: Servicing Supplement (BMW Vehicle Lease Trust 2019-1), Servicing Supplement (BMW Vehicle Lease Trust 2019-1)

Effect of Supplement on Basic Servicing Agreement. (a) Except as otherwise specifically provided herein or unless the context otherwise requires, (i) the parties hereto shall continue to be bound by all provisions of the Basic Servicing Agreement and (ii) the provisions set forth herein shall operate either as additions to or modifications of the extant obligations of the parties under the Basic Servicing Agreement, as the context may require. In the event of any conflict between this Servicing Supplement and the Basic Servicing Agreement in respect of the 20222011-1 SUBI, the provisions of this Servicing Supplement shall prevail. (b) For purposes of determining the obligations of the parties hereto under this Servicing Supplement with respect to the 20222011-1 SUBI, except as otherwise indicated by the context, general references in the Basic Servicing Agreement to (i) a SUBI Certificate shall be deemed to refer more specifically to the 20222011-1 SUBI Certificate, (ii) the SUBI shall be deemed to refer more specifically to the 20222011-1 SUBI, (iii) a SUBI Portfolio shall be deemed to refer more specifically to the portfolio of assets of the 20222011-1 SUBI, (iv) a SUBI Asset shall be deemed to refer more specifically to the 20222011-1 Leases, the 20222011-1 Vehicles and the other Trust Assets allocated to or earned by the 20222011-1 SUBI, (v) a SUBI Servicing Agreement Supplement shall be deemed to refer more specifically to this Servicing Supplement and (vi) a SUBI Supplement shall be deemed to refer more specifically to the 20222011-1 SUBI Supplement.

Appears in 2 contracts

Samples: Servicing Supplement (BMW Vehicle Lease Trust 2011-1), Servicing Supplement (BMW Vehicle Lease Trust 2011-1)

Effect of Supplement on Basic Servicing Agreement. (a) Except as otherwise specifically provided herein or unless the context otherwise requires, (i) the parties hereto shall continue to be bound by all provisions of the Basic Servicing Agreement and (ii) the provisions set forth herein shall operate either as additions to or modifications of the extant obligations of the parties under the Basic Servicing Agreement, as the context may require. In the event of any conflict between this Servicing Supplement and the Basic Servicing Agreement in respect of the 20222012-1 SUBI, the provisions of this Servicing Supplement shall prevail. (b) For purposes of determining the obligations of the parties hereto under this Servicing Supplement with respect to the 20222012-1 SUBI, except as otherwise indicated by the context, general references in the Basic Servicing Agreement to (i) a SUBI Certificate shall be deemed to refer more specifically to the 20222012-1 SUBI Certificate, (ii) the SUBI shall be deemed to refer more specifically to the 20222012-1 SUBI, (iii) a SUBI Portfolio shall be deemed to refer more specifically to the portfolio of assets of the 20222012-1 SUBI, (iv) a SUBI Asset shall be deemed to refer more specifically to the 20222012-1 Leases, the 20222012-1 Vehicles and the other Trust Assets allocated to or earned by the 20222012-1 SUBI, (v) a SUBI Servicing Agreement Supplement shall be deemed to refer more specifically to this Servicing Supplement and (vi) a SUBI Supplement shall be deemed to refer more specifically to the 20222012-1 SUBI Supplement.

Appears in 2 contracts

Samples: Servicing Supplement (BMW Vehicle Lease Trust 2012-1), Servicing Supplement (BMW Vehicle Lease Trust 2012-1)

Effect of Supplement on Basic Servicing Agreement. (a) Except as otherwise specifically provided herein or unless the context otherwise requires, (i) the parties hereto shall continue to be bound by all provisions of the Basic Servicing Agreement and (ii) the provisions set forth herein shall operate either as additions to or modifications of the extant obligations of the parties under the Basic Servicing Agreement, as the context may require. In the event of any conflict between this Servicing Supplement and the Basic Servicing Agreement in respect of the 20222014-1 SUBI, the provisions of this Servicing Supplement shall prevail. (b) For purposes of determining the obligations of the parties hereto under this Servicing Supplement with respect to the 20222014-1 SUBI, except as otherwise indicated by the context, general references in the Basic Servicing Agreement to (i) a SUBI Certificate shall be deemed to refer more specifically to the 20222014-1 SUBI Certificate, (ii) the SUBI shall be deemed to refer more specifically to the 20222014-1 SUBI, (iii) a SUBI Portfolio shall be deemed to refer more specifically to the portfolio of assets of the 20222014-1 SUBI, (iv) a SUBI Asset shall be deemed to refer more specifically to the 20222014-1 Leases, the 20222014-1 Vehicles and the other Trust Assets allocated to or earned by the 20222014-1 SUBI, (v) a SUBI Servicing Agreement Supplement shall be deemed to refer more specifically to this Servicing Supplement and (vi) a SUBI Supplement shall be deemed to refer more specifically to the 20222014-1 SUBI Supplement.

Appears in 2 contracts

Samples: Servicing Supplement (BMW Auto Leasing LLC), Servicing Supplement (BMW Auto Leasing LLC)

Effect of Supplement on Basic Servicing Agreement. (a) Except as otherwise specifically provided herein or unless the context otherwise requires, (i) the parties hereto shall continue to be bound by all provisions of the Basic Servicing Agreement and (ii) the provisions set forth herein shall operate either as additions to or modifications of the extant obligations of the parties under the Basic Servicing Agreement, as the context may require. In the event of any conflict between this Servicing Supplement and the Basic Servicing Agreement in respect of the 20222017-1 SUBI, the provisions of this Servicing Supplement shall prevail. (b) For purposes of determining the obligations of the parties hereto under this Servicing Supplement with respect to the 20222017-1 SUBI, except as otherwise indicated by the context, general references in the Basic Servicing Agreement to (i) a SUBI Certificate shall be deemed to refer more specifically to the 20222017-1 SUBI Certificate, (ii) the SUBI shall be deemed to refer more specifically to the 20222017-1 SUBI, (iii) a SUBI Portfolio shall be deemed to refer more specifically to the portfolio of assets of the 20222017-1 SUBI, (iv) a SUBI Asset shall be deemed to refer more specifically to the 20222017-1 Leases, the 20222017-1 Vehicles and the other Trust Assets allocated to or earned by the 20222017-1 SUBI, (v) a SUBI Servicing Agreement Supplement shall be deemed to refer more specifically to this Servicing Supplement and (vi) a SUBI Supplement shall be deemed to refer more specifically to the 20222017-1 SUBI Supplement.

Appears in 2 contracts

Samples: Servicing Supplement (BMW Vehicle Lease Trust 2017-1), Servicing Supplement (BMW Vehicle Lease Trust 2017-1)

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Effect of Supplement on Basic Servicing Agreement. (a) Except as otherwise specifically provided herein or unless the context otherwise requires, (i) the parties hereto shall continue to be bound by all provisions of the Basic Servicing Agreement and (ii) the provisions set forth herein shall operate either as additions to or modifications of the extant obligations of the parties under the Basic Servicing Agreement, as the context may require. In the event of any conflict between this Servicing Supplement and the Basic Servicing Agreement in respect of the 20222023-1 2 SUBI, the provisions of this Servicing Supplement shall prevail. (b) For purposes of determining the obligations of the parties hereto under this Servicing Supplement with respect to the 20222023-1 2 SUBI, except as otherwise indicated by the context, general references in the Basic Servicing Agreement to (i) a SUBI Certificate shall be deemed to refer more specifically to the 20222023-1 2 SUBI Certificate, (ii) the SUBI shall be deemed to refer more specifically to the 20222023-1 2 SUBI, (iii) a SUBI Portfolio shall be deemed to refer more specifically to the portfolio of assets of the 20222023-1 2 SUBI, (iv) a SUBI Asset shall be deemed to refer more specifically to the 20222023-1 2 Leases, the 20222023-1 2 Vehicles and the other Trust Assets allocated to or earned by the 20222023-1 2 SUBI, (v) a SUBI Servicing Agreement Supplement shall be deemed to refer more specifically to this Servicing Supplement and (vi) a SUBI Supplement shall be deemed to refer more specifically to the 20222023-1 2 SUBI Supplement.

Appears in 2 contracts

Samples: Servicing Supplement (BMW Vehicle Lease Trust 2023-2), Servicing Supplement (BMW Vehicle Lease Trust 2023-2)

Effect of Supplement on Basic Servicing Agreement. (a) Except as otherwise specifically provided herein or unless the context otherwise requires, (i) the parties hereto shall continue to be bound by all provisions of the Basic Servicing Agreement and (ii) the provisions set forth herein shall operate either as additions to or modifications of the extant obligations of the parties under the Basic Servicing Agreement, as the context may require. In the event of any conflict between this Servicing Supplement and the Basic Servicing Agreement in respect of the 20222016-1 SUBI, the provisions of this Servicing Supplement shall prevail. (b) For purposes of determining the obligations of the parties hereto under this Servicing Supplement with respect to the 20222016-1 SUBI, except as otherwise indicated by the context, general references in the Basic Servicing Agreement to (i) a SUBI Certificate shall be deemed to refer more specifically to the 20222016-1 SUBI Certificate, (ii) the SUBI shall be deemed to refer more specifically to the 20222016-1 SUBI, (iii) a SUBI Portfolio shall be deemed to refer more specifically to the portfolio of assets of the 20222016-1 SUBI, (iv) a SUBI Asset shall be deemed to refer more specifically to the 20222016-1 Leases, the 20222016-1 Vehicles and the other Trust Assets allocated to or earned by the 20222016-1 SUBI, (v) a SUBI Servicing Agreement Supplement shall be deemed to refer more specifically to this Servicing Supplement and (vi) a SUBI Supplement shall be deemed to refer more specifically to the 20222016-1 SUBI Supplement.

Appears in 2 contracts

Samples: Servicing Supplement (BMW Vehicle Lease Trust 2016-1), Servicing Supplement (BMW Vehicle Lease Trust 2016-1)

Effect of Supplement on Basic Servicing Agreement. (a) Except as otherwise specifically provided herein or unless the context otherwise requires, (i) the parties hereto shall continue to be bound by all provisions of the Basic Servicing Agreement and (ii) the provisions set forth herein shall operate either as additions to or modifications of the extant obligations of the parties under the Basic Servicing Agreement, as the context may require. In the event of any conflict between this Servicing Supplement and the Basic Servicing Agreement in respect of the 20222023-1 SUBI, the provisions of this Servicing Supplement shall prevail. (b) For purposes of determining the obligations of the parties hereto under this Servicing Supplement with respect to the 20222023-1 SUBI, except as otherwise indicated by the context, general references in the Basic Servicing Agreement to (i) a SUBI Certificate shall be deemed to refer more specifically to the 20222023-1 SUBI Certificate, (ii) the SUBI shall be deemed to refer more specifically to the 20222023-1 SUBI, (iii) a SUBI Portfolio shall be deemed to refer more specifically to the portfolio of assets of the 20222023-1 SUBI, (iv) a SUBI Asset shall be deemed to refer more specifically to the 20222023-1 Leases, the 20222023-1 Vehicles and the other Trust Assets allocated to or earned by the 20222023-1 SUBI, (v) a SUBI Servicing Agreement Supplement shall be deemed to refer more specifically to this Servicing Supplement and (vi) a SUBI Supplement shall be deemed to refer more specifically to the 20222023-1 SUBI Supplement.

Appears in 2 contracts

Samples: Servicing Supplement (BMW Vehicle Lease Trust 2023-1), Servicing Supplement (BMW Vehicle Lease Trust 2023-1)

Effect of Supplement on Basic Servicing Agreement. (a) Except as otherwise specifically provided herein or unless the context otherwise requires, (i) the parties hereto shall continue to be bound by all provisions of the Basic Servicing Agreement and (ii) the provisions set forth herein shall operate either as additions to or modifications of the extant obligations of the parties under the Basic Servicing Agreement, as the context may require. In the event of any conflict between this Servicing Supplement and the Basic Servicing Agreement in respect of the 20222018-1 SUBI, the provisions of this Servicing Supplement shall prevail. (b) For purposes of determining the obligations of the parties hereto under this Servicing Supplement with respect to the 20222018-1 SUBI, except as otherwise indicated by the context, general references in the Basic Servicing Agreement to (i) a SUBI Certificate shall be deemed to refer more specifically to the 20222018-1 SUBI Certificate, (ii) the SUBI shall be deemed to refer more specifically to the 20222018-1 SUBI, (iii) a SUBI Portfolio shall be deemed to refer more specifically to the portfolio of assets of the 20222018-1 SUBI, (iv) a SUBI Asset shall be deemed to refer more specifically to the 20222018-1 Leases, the 20222018-1 Vehicles and the other Trust Assets allocated to or earned by the 20222018-1 SUBI, (v) a SUBI Servicing Agreement Supplement shall be deemed to refer more specifically to this Servicing Supplement and (vi) a SUBI Supplement shall be deemed to refer more specifically to the 20222018-1 SUBI Supplement.

Appears in 2 contracts

Samples: Servicing Supplement (BMW Vehicle Lease Trust 2018-1), Servicing Supplement (BMW Vehicle Lease Trust 2018-1)

Effect of Supplement on Basic Servicing Agreement. (a) Except as otherwise specifically provided herein or unless the context otherwise requires, (i) the parties hereto shall continue to be bound by all provisions of the Basic Servicing Agreement and (ii) the provisions set forth herein shall operate either as additions to or modifications of the extant obligations of the parties under the Basic Servicing Agreement, as the context may require. In the event of any conflict between this Servicing Supplement and the Basic Servicing Agreement in respect of the 20222015-1 SUBI, the provisions of this Servicing Supplement shall prevail. (b) For purposes of determining the obligations of the parties hereto under this Servicing Supplement with respect to the 20222015-1 SUBI, except as otherwise indicated by the context, general references in the Basic Servicing Agreement to (i) a SUBI Certificate shall be deemed to refer more specifically to the 20222015-1 SUBI Certificate, (ii) the SUBI shall be deemed to refer more specifically to the 20222015-1 SUBI, (iii) a SUBI Portfolio shall be deemed to refer more specifically to the portfolio of assets of the 20222015-1 SUBI, (iv) a SUBI Asset shall be deemed to refer more specifically to the 20222015-1 Leases, the 20222015-1 Vehicles and the other Trust Assets allocated to or earned by the 20222015-1 SUBI, (v) a SUBI Servicing Agreement Supplement shall be deemed to refer more specifically to this Servicing Supplement and (vi) a SUBI Supplement shall be deemed to refer more specifically to the 20222015-1 SUBI Supplement.

Appears in 2 contracts

Samples: Servicing Supplement (BMW Vehicle Lease Trust 2015-1), Servicing Supplement (BMW Auto Leasing LLC)

Effect of Supplement on Basic Servicing Agreement. (a) Except as otherwise specifically provided herein or unless the context otherwise requires, (i) the parties hereto shall continue to be bound by all provisions of the Basic Servicing Agreement and (ii) the provisions set forth herein shall operate either as additions to or modifications of the extant obligations of the parties under the Basic Servicing Agreement, as the context may require. In the event of any conflict between this Servicing Supplement and the Basic Servicing Agreement in respect of the 20222021-1 2 SUBI, the provisions of this Servicing Supplement shall prevail. (b) For purposes of determining the obligations of the parties hereto under this Servicing Supplement with respect to the 20222021-1 2 SUBI, except as otherwise indicated by the context, general references in the Basic Servicing Agreement to (i) a SUBI Certificate shall be deemed to refer more specifically to the 20222021-1 2 SUBI Certificate, (ii) the SUBI shall be deemed to refer more specifically to the 20222021-1 2 SUBI, (iii) a SUBI Portfolio shall be deemed to refer more specifically to the portfolio of assets of the 20222021-1 2 SUBI, (iv) a SUBI Asset shall be deemed to refer more specifically to the 20222021-1 2 Leases, the 20222021-1 2 Vehicles and the other Trust Assets allocated to or earned by the 20222021-1 2 SUBI, (v) a SUBI Servicing Agreement Supplement shall be deemed to refer more specifically to this Servicing Supplement and (vi) a SUBI Supplement shall be deemed to refer more specifically to the 20222021-1 2 SUBI Supplement.

Appears in 1 contract

Samples: Servicing Supplement (BMW Vehicle Lease Trust 2021-2)

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