Common use of Effect of Transaction SUBI Supplement on Origination Trust Agreement and Transaction Documents Clause in Contracts

Effect of Transaction SUBI Supplement on Origination Trust Agreement and Transaction Documents. (a) Except as otherwise specifically provided herein: (i) the parties shall continue to be bound by all provisions of the Origination Trust Agreement; and (ii) the provisions set forth herein shall operate either as additions to or modifications of the obligations of the parties under the Origination Trust Agreement, as the context may require. In the event of any conflict between the provisions of this Transaction SUBI Supplement and the Origination Trust Agreement with respect to the Transaction SUBI, the provisions of this Transaction SUBI Supplement shall prevail. (b) For purposes of determining the parties’ obligations under this Transaction SUBI Supplement with respect to the Transaction SUBI, general references in the Origination Trust Agreement to: (i) the SUBI Portfolio shall be deemed to refer more specifically to the Transaction SUBI Portfolio; (ii) the SUBI Supplement shall be deemed to refer more specifically to this Transaction SUBI Supplement; and (iii) the SUBI Servicing Agreement Supplement shall be deemed to refer more specifically to the Transaction SUBI Servicing Supplement.

Appears in 16 contracts

Samples: Transaction Subi Supplement (Volkswagen Auto Lease Trust 2015-A), Transaction Subi Supplement (Volkswagen Auto Lease Trust 2015-A), Transaction Subi Supplement (Vw Credit Leasing LTD)

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Effect of Transaction SUBI Supplement on Origination Trust Agreement and Transaction Documents. (a) Except as otherwise specifically provided herein: , (i) the parties shall continue to be bound by all provisions of the Origination Trust Agreement; Agreement and (ii) the provisions set forth herein shall operate either as additions to or modifications of the obligations of the parties under the Origination Trust Agreement, as the context may require. In the event of any conflict between the provisions of this Transaction SUBI Supplement and the Origination Trust Agreement with respect to the Transaction SUBI, the provisions of this Transaction SUBI Supplement shall prevail. (b) For purposes of determining the parties’ obligations under this Transaction SUBI Supplement with respect to the Transaction SUBI, general references in the Origination Trust Agreement to: (i) the SUBI Portfolio shall be deemed to refer more specifically to the Transaction SUBI Portfolio; (ii) the SUBI Supplement shall be deemed to refer more specifically to this Transaction SUBI Supplement; and (iii) the SUBI Servicing Agreement Supplement shall be deemed to refer more specifically to the Transaction SUBI Servicing Supplement.

Appears in 11 contracts

Samples: Transaction Subi Supplement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Transaction Subi Supplement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Transaction Subi Supplement to Origination Trust Agreement (Vw Credit Leasing LTD)

Effect of Transaction SUBI Supplement on Origination Trust Agreement and Transaction Documents. (a) Except as otherwise specifically provided herein: (i) the parties shall continue to be bound by all provisions of the Origination Trust Agreement; and (ii) the provisions set forth herein shall operate either as additions to or modifications of the obligations of the parties under the Origination Trust Agreement, as the context may require. In the event of any conflict between the provisions of this Transaction SUBI Supplement and the Origination Trust Agreement with respect to the Transaction SUBI, the provisions of this Transaction SUBI Supplement shall prevail. (b) For purposes of determining the parties' obligations under this Transaction SUBI Supplement with respect to the Transaction SUBI, general references in the Origination Trust Agreement to: (i) the SUBI Portfolio shall be deemed to refer more specifically to the Transaction SUBI Portfolio; (ii) the SUBI Supplement shall be deemed to refer more specifically to this Transaction SUBI Supplement; and (iii) the SUBI Servicing Agreement Supplement shall be deemed to refer more specifically to the Transaction SUBI Servicing Supplement.

Appears in 4 contracts

Samples: Transaction Subi Supplement (Volkswagen Public Auto Loan Securitization LLC), Transaction Subi Supplement (Volkswagen Auto Lease Trust 2005-A), Transaction Subi Supplement (Volkswagen Auto Lease Trust 2004-A)

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Effect of Transaction SUBI Supplement on Origination Trust Agreement and Transaction Documents. (a) Except as otherwise specifically provided herein: (i) the parties shall continue to be bound by all provisions of the Origination Trust Agreement; and (ii) the provisions set forth herein shall operate either as additions to or modifications of the obligations of the parties under the Origination Trust Agreement, as the context may require. In the event of any conflict between the provisions of this Transaction SUBI Supplement and the Origination Trust Agreement with respect to the Transaction SUBI, the provisions of this Transaction SUBI Supplement shall prevail.. 8 Transaction SUBI Supplement 20[ ]-[ ] to Origination Trust Agreement (b) For purposes of determining the parties’ obligations under this Transaction SUBI Supplement with respect to the Transaction SUBI, general references in the Origination Trust Agreement to: (i) the SUBI Portfolio shall be deemed to refer more specifically to the Transaction SUBI Portfolio; (ii) the SUBI Supplement shall be deemed to refer more specifically to this Transaction SUBI Supplement; and (iii) the SUBI Servicing Agreement Supplement shall be deemed to refer more specifically to the Transaction SUBI Servicing Supplement.

Appears in 1 contract

Samples: Transaction Subi Supplement (Vw Credit Leasing LTD)

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