Facility Servicer Event of Default. (a) The occurrence of an Insolvency Event with respect to the Servicer will be a “Facility Servicer Event of Default”.
Appears in 3 contracts
Samples: Servicing Agreement (Mercedes-Benz Auto Lease Trust 2023-A), Servicing Agreement (Mercedes-Benz Auto Lease Trust 2023-A), Servicing Agreement (Daimler Trust)
Facility Servicer Event of Default. (a) The occurrence of an Insolvency Event with respect to the Servicer will be a “Facility Servicer Event of Default.”.
Appears in 1 contract
Samples: Servicing Agreement (CAB West LLC)