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 Supplement and the Basic Servicing Agreement in respect of the 20[__]-[__] SUBI, the provisions of this Supplement shall prevail. (b) For purposes of determining the obligations of the parties hereto under this Supplement with respect to the 20[__]-[__] 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 20[__]-[__] SUBI Certificate, (ii) the SUBI shall be deemed to refer more specifically to the 20[__]-[__] SUBI, (iii) a SUBI Portfolio shall be deemed to refer more specifically to the portfolio of assets of the 20[__]-[__] SUBI, (iv) a SUBI Asset shall be deemed to refer more specifically to the 20[__]-[__] Leases, the 20[__]-[__] Vehicles and the other Trust Assets allocated to or earned by the 20[__]-[__] 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 20[__]-[__] SUBI Supplement.

Appears in 3 contracts

Samples: Servicing Supplement (Financial Services Vehicle Trust), Servicing Supplement (Financial Services Vehicle Trust), Servicing Supplement (BMW Auto Leasing LLC)

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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 20[__]-[__] 2024-2 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 20[__]-[__] 2024-2 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 20[__]-[__] 2024-2 SUBI Certificate, (ii) the SUBI shall be deemed to refer more specifically to the 20[__]-[__] 2024-2 SUBI, (iii) a SUBI Portfolio shall be deemed to refer more specifically to the portfolio of assets of the 20[__]-[__] 2024-2 SUBI, (iv) a SUBI Asset shall be deemed to refer more specifically to the 20[__]-[__] 2024-2 Leases, the 20[__]-[__] 2024-2 Vehicles and the other Trust Assets allocated to or earned by the 20[__]-[__] 2024-2 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 20[__]-[__] 2024-2 SUBI Supplement.

Appears in 2 contracts

Samples: Servicing Supplement (BMW Vehicle Lease Trust 2024-2), Servicing Supplement (BMW Vehicle Lease Trust 2024-2)

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 20[__]-[__] 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 20[__]-[__] 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 20[__]-[__] SUBI Certificate, (ii) the SUBI shall be deemed to refer more specifically to the 20[__]-[__] SUBI, (iii) a SUBI Portfolio shall be deemed to refer more specifically to the portfolio of assets of the 20[__]-[__] SUBI, (iv) a SUBI Asset shall be deemed to refer more specifically to the 20[__]-[__] Leases, the 20[__]-[__] Vehicles and the other Trust Assets allocated to or earned by the 20[__]-[__] 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 20[__]-[__] SUBI Supplement.

Appears in 2 contracts

Samples: Servicing Supplement (Financial Services Vehicle Trust), Servicing Supplement (Financial Services Vehicle Trust)

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 Supplement and the Basic Servicing Agreement in respect of the 20[__]-[__] 2010-1 SUBI, the provisions of this Supplement shall prevail. (b) For purposes of determining the obligations of the parties hereto under this Supplement with respect to the 20[__]-[__] 2010-1 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 20[__]-[__] 2010-1 SUBI Certificate, (ii) the SUBI shall be deemed to refer more specifically to the 20[__]-[__] 2010-1 SUBI, (iii) a SUBI Portfolio shall be deemed to refer more specifically to the portfolio of assets of the 20[__]-[__] 2010-1 SUBI, (iv) a SUBI Asset shall be deemed to refer more specifically to the 20[__]-[__] 2010-1 Leases, the 20[__]-[__] 2010-1 Vehicles and the other Trust Assets allocated to or earned by the 20[__]-[__] 2010-1 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 20[__]-[__] 2010-1 SUBI Supplement.

Appears in 2 contracts

Samples: Servicing Supplement (BMW Vehicle Lease Trust 2010-1), Servicing Supplement (BMW Vehicle Lease Trust 2010-1)

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 Supplement and the Basic Servicing Agreement in respect of the 20[__]-[__] 2013-1 SUBI, the provisions of this Supplement shall prevail. (b) For purposes of determining the obligations of the parties hereto under this Supplement with respect to the 20[__]-[__] 2013-1 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 20[__]-[__] 2013-1 SUBI Certificate, (ii) the SUBI shall be deemed to refer more specifically to the 20[__]-[__] 2013-1 SUBI, (iii) a SUBI Portfolio shall be deemed to refer more specifically to the portfolio of assets of the 20[__]-[__] 2013-1 SUBI, (iv) a SUBI Asset shall be deemed to refer more specifically to the 20[__]-[__] 2013-1 Leases, the 20[__]-[__] 2013-1 Vehicles and the other Trust Assets allocated to or earned by the 20[__]-[__] 2013-1 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 20[__]-[__] 2013-1 SUBI Supplement.

Appears in 2 contracts

Samples: Servicing Supplement (BMW Vehicle Lease Trust 2013-1), Servicing Supplement (BMW Vehicle Lease Trust 2013-1)

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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 Supplement and the Basic Servicing Agreement in respect of the 20[__]-[____]-[_] SUBI, the provisions of this Supplement shall prevail. (b) For purposes of determining the obligations of the parties hereto under this Supplement with respect to the 20[__]-[____]-[_] 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 20[__]-[____]-[_] SUBI Certificate, (ii) the SUBI shall be deemed to refer more specifically to the 20[__]-[____]-[_] SUBI, (iii) a SUBI Portfolio shall be deemed to refer more specifically to the portfolio of assets of the 20[__]-[____]-[_] SUBI, (iv) a SUBI Asset shall be deemed to refer more specifically to the 20[__]-[____]-[_] Leases, the 20[__]-[____]-[_] Vehicles and the other Trust Assets allocated to or earned by the 20[__]-[____]-[_] 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 20[__]-[____]-[_] SUBI Supplement.

Appears in 1 contract

Samples: 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 Supplement and the Basic Servicing Agreement in respect of the 20[__]-[__] 2009-1 SUBI, the provisions of this Supplement shall prevail. (b) For purposes of determining the obligations of the parties hereto under this Supplement with respect to the 20[__]-[__] 2009-1 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 20[__]-[__] 2009-1 SUBI Certificate, (ii) the SUBI shall be deemed to refer more specifically to the 20[__]-[__] 2009-1 SUBI, (iii) a SUBI Portfolio shall be deemed to refer more specifically to the portfolio of assets of the 20[__]-[__] 2009-1 SUBI, (iv) a SUBI Asset shall be deemed to refer more specifically to the 20[__]-[__] 2009-1 Leases, the 20[__]-[__] 2009-1 Vehicles and the other Trust Assets allocated to or earned by the 20[__]-[__] 2009-1 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 20[__]-[__] 2009-1 SUBI Supplement.

Appears in 1 contract

Samples: Servicing Supplement (BMW Vehicle Lease Trust 2009-1)

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