Common use of Investment Earnings Clause in Contracts

Investment Earnings. Notwithstanding the provisions of Section 5.03(b) of the Basic Servicing Agreement, investment earnings on funds on deposit in the 2017-A Bank Accounts shall constitute 2017-A Available Collections and, on or before each Payment Date, the Indenture Trustee shall deposit such investment earnings, net of any applicable investment losses and expenses, into the 2017-A Exchange Note Collection Account.

Appears in 2 contracts

Samples: Collateral Agency Agreement (Mercedes-Benz Auto Lease Trust 2017-A), Collateral Agency Agreement (Mercedes-Benz Auto Lease Trust 2017-A)

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Investment Earnings. Notwithstanding the provisions of Section 5.03(b) of the Basic Servicing Agreement, investment earnings on funds on deposit in the 20172016-A B Bank Accounts shall constitute 20172016-A B Available Collections and, on or before each Payment Date, the Indenture Trustee shall deposit such investment earnings, net of any applicable investment losses and expenses, into the 20172016-A B Exchange Note Collection Account.

Appears in 2 contracts

Samples: Collateral Agency Agreement (Mercedes-Benz Auto Lease Trust 2016-B), Collateral Agency Agreement (Mercedes-Benz Auto Lease Trust 2016-B)

Investment Earnings. Notwithstanding the provisions of Section 5.03(b) of the Basic Servicing Agreement, investment earnings on funds on deposit in the 20172015-A B Bank Accounts shall constitute 20172015-A B Available Collections and, on or before each Payment Date, the Indenture Trustee shall deposit such investment earnings, net of any applicable investment losses and expenses, into the 20172015-A B Exchange Note Collection Account.

Appears in 1 contract

Samples: Collateral Agency Agreement (Mercedes-Benz Auto Lease Trust 2015-B)

Investment Earnings. Notwithstanding the provisions of Section 5.03(b) of the Basic Servicing Agreement, investment earnings on funds on deposit in the 20172016-A B Bank Accounts shall constitute 20172016-A B Available Collections and, on or before each Payment Date, the Indenture Trustee shall deposit such investment earnings, net of any applicable investment losses and expenses, into the 20172016-A B Exchange Note Collection Account. Section 3.09.

Appears in 1 contract

Samples: Collateral Agency Agreement

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Investment Earnings. Notwithstanding the provisions of Section 5.03(b) of the Basic Servicing Agreement, investment earnings on funds on deposit in the 20172015-A Bank Accounts shall constitute 20172015-A Available Collections and, on or before each Payment Date, the Indenture Trustee shall deposit such investment earnings, net of any applicable investment losses and expenses, into the 20172015-A Exchange Note Collection Account.

Appears in 1 contract

Samples: Collateral Agency Agreement (Mercedes-Benz Auto Lease Trust 2015-A)

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