Common use of Lease Administration Amounts Clause in Contracts

Lease Administration Amounts. As additional compensation for performing its obligations under the Servicing Agreement and this Supplement and as reimbursement for costs and expenses incurred in performing its obligations, the Servicer will be entitled to retain for its own account Lease Administration Amounts (or to withdraw and retain Lease Administration Amounts that nevertheless have been deposited in the Exchange Note Collection Account). Lease Administration Amounts are the property of the Servicer.

Appears in 34 contracts

Samples: Servicing Agreement (Ford Credit Auto Lease Trust 2024-B), Servicing Agreement (Ford Credit Auto Lease Trust 2024-B), Servicing Agreement (CAB East LLC)

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Lease Administration Amounts. As additional compensation for performing its obligations under the Servicing Agreement and this Supplement and as reimbursement for costs and expenses incurred in performing its obligations, the Servicer will be entitled to retain for its own account Lease Administration Amounts (or to withdraw and retain Lease Administration Administrative Amounts that nevertheless have been deposited in the Exchange Note Collection Account). Lease Administration Amounts are the property of the Servicer.

Appears in 2 contracts

Samples: Servicing Agreement (CAB East LLC), Servicing Agreement (CAB East LLC)

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