Common use of Reference Pool Servicer Termination Event Clause in Contracts

Reference Pool Servicer Termination Event. If the Issuer has knowledge of a Reference Pool Servicer Termination Event for the 2024-A Reference Pool, the Issuer will notify the Indenture Trustee and the Rating Agencies of the event and any action the Issuer is taking to correct the situation. If a Reference Pool Servicer Termination Event results from the failure of the Servicer to perform its obligations under the Servicing Supplement and the Servicing Agreement, the Issuer will take reasonable steps available to cause the Servicer to correct the failure. If (i) a Reference Pool Servicer Termination Event for the 2024-A Reference Pool occurs according to Section 7.3(a) of the Servicing Agreement, (ii) the Servicer is removed for the 2024-A Reference Pool according to Section 7.3(c) of the Servicing Agreement or (iii) a Successor Servicer is appointed according to Section 7.5(b) of the Servicing Agreement, the Issuer will, in each case, promptly notify the Rating Agencies, Indenture Trustee and the Asset Representations Reviewer.

Appears in 2 contracts

Samples: Indenture (Ford Credit Auto Lease Trust 2024-A), Indenture (Ford Credit Auto Lease Trust 2024-A)

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Reference Pool Servicer Termination Event. If the Issuer has knowledge of a Reference Pool Servicer Termination Event for the 20242017-A Reference Pool, the Issuer will notify the Indenture Trustee and the Rating Agencies of the event and any action the Issuer is taking to correct the situation. If a Reference Pool Servicer Termination Event results from the failure of the Servicer to perform its obligations under the Servicing Supplement and the Servicing Agreement, the Issuer will take reasonable steps available to cause the Servicer to correct the failure. If (i) a Reference Pool Servicer Termination Event for the 20242017-A Reference Pool occurs according to Section 7.3(a) of the Servicing Agreement, (ii) the Servicer is removed for the 20242017-A Reference Pool according to Section 7.3(c) of the Servicing Agreement or (iii) a Successor Servicer is appointed according to Section 7.5(b) of the Servicing Agreement, the Issuer will, in each case, promptly notify the Rating Agencies, Indenture Trustee and the Asset Representations Reviewer.

Appears in 2 contracts

Samples: Indenture (Ford Credit Auto Lease Trust 2017-A), Indenture (Ford Credit Auto Lease Two LLC)

Reference Pool Servicer Termination Event. If the Issuer has knowledge of a Reference Pool Servicer Termination Event for the 20242021-A B Reference Pool, the Issuer will notify the Indenture Trustee and the Rating Agencies of the event and any action the Issuer is taking to correct the situation. If a Reference Pool Servicer Termination Event results from the failure of the Servicer to perform its obligations under the Servicing Supplement and the Servicing Agreement, the Issuer will take reasonable steps available to cause the Servicer to correct the failure. If (i) a Reference Pool Servicer Termination Event for the 20242021-A B Reference Pool occurs according to Section 7.3(a) of the Servicing Agreement, (ii) the Servicer is removed for the 20242021-A B Reference Pool according to Section 7.3(c) of the Servicing Agreement or (iii) a Successor Servicer is appointed according to Section 7.5(b) of the Servicing Agreement, the Issuer will, in each case, promptly notify the Rating Agencies, Indenture Trustee and the Asset Representations Reviewer.

Appears in 2 contracts

Samples: Indenture (Ford Credit Auto Lease Trust 2021-B), Indenture (Ford Credit Auto Lease Trust 2021-B)

Reference Pool Servicer Termination Event. If the Issuer has knowledge of a Reference Pool Servicer Termination Event for the 20242020-A Reference Pool, the Issuer will notify the Indenture Trustee and the Rating Agencies of the event and any action the Issuer is taking to correct the situation. If a Reference Pool Servicer Termination Event results from the failure of the Servicer to perform its obligations under the Servicing Supplement and the Servicing Agreement, the Issuer will take reasonable steps available to cause the Servicer to correct the failure. If (i) a Reference Pool Servicer Termination Event for the 20242020-A Reference Pool occurs according to Section 7.3(a) of the Servicing Agreement, (ii) the Servicer is removed for the 20242020-A Reference Pool according to Section 7.3(c) of the Servicing Agreement or (iii) a Successor Servicer is appointed according to Section 7.5(b) of the Servicing Agreement, the Issuer will, in each case, promptly notify the Rating Agencies, Indenture Trustee and the Asset Representations Reviewer.

Appears in 2 contracts

Samples: Indenture (Ford Credit Auto Lease Trust 2020-A), Indenture (Ford Credit Auto Lease Trust 2020-A)

Reference Pool Servicer Termination Event. If the Issuer has knowledge of a Reference Pool Servicer Termination Event for the 20242021-A Reference Pool, the Issuer will notify the Indenture Trustee and the Rating Agencies of the event and any action the Issuer is taking to correct the situation. If a Reference Pool Servicer Termination Event results from the failure of the Servicer to perform its obligations under the Servicing Supplement and the Servicing Agreement, the Issuer will take reasonable steps available to cause the Servicer to correct the failure. If (i) a Reference Pool Servicer Termination Event for the 20242021-A Reference Pool occurs according to Section 7.3(a) of the Servicing Agreement, (ii) the Servicer is removed for the 20242021-A Reference Pool according to Section 7.3(c) of the Servicing Agreement or (iii) a Successor Servicer is appointed according to Section 7.5(b) of the Servicing Agreement, the Issuer will, in each case, promptly notify the Rating Agencies, Indenture Trustee and the Asset Representations Reviewer.

Appears in 2 contracts

Samples: Indenture (Ford Credit Auto Lease Trust 2021-A), Indenture (Ford Credit Auto Lease Trust 2021-A)

Reference Pool Servicer Termination Event. If the Issuer has knowledge of a Reference Pool Servicer Termination Event for the 20242018-A Reference Pool, the Issuer will notify the Indenture Trustee and the Rating Agencies of the event and any action the Issuer is taking to correct the situation. If a Reference Pool Servicer Termination Event results from the failure of the Servicer to perform its obligations under the Servicing Supplement and the Servicing Agreement, the Issuer will take reasonable steps available to cause the Servicer to correct the failure. If (i) a Reference Pool Servicer Termination Event for the 20242018-A Reference Pool occurs according to Section 7.3(a) of the Servicing Agreement, (ii) the Servicer is removed for the 20242018-A Reference Pool according to Section 7.3(c) of the Servicing Agreement or (iii) a Successor Servicer is appointed according to Section 7.5(b) of the Servicing Agreement, the Issuer will, in each case, promptly notify the Rating Agencies, Indenture Trustee and the Asset Representations Reviewer.

Appears in 2 contracts

Samples: Indenture (Ford Credit Auto Lease Trust 2018-A), Indenture (Ford Credit Auto Lease Trust 2018-A)

Reference Pool Servicer Termination Event. If the Issuer has knowledge of a Reference Pool Servicer Termination Event for the 20242023-A Reference Pool, the Issuer will notify the Indenture Trustee and the Rating Agencies of the event and any action the Issuer is taking to correct the situation. If a Reference Pool Servicer Termination Event results from the failure of the Servicer to perform its obligations under the Servicing Supplement and the Servicing Agreement, the Issuer will take reasonable steps available to cause the Servicer to correct the failure. If (i) a Reference Pool Servicer Termination Event for the 20242023-A Reference Pool occurs according to Section 7.3(a) of the Servicing Agreement, (ii) the Servicer is removed for the 20242023-A Reference Pool according to Section 7.3(c) of the Servicing Agreement or (iii) a Successor Servicer is appointed according to Section 7.5(b) of the Servicing Agreement, the Issuer will, in each case, promptly notify the Rating Agencies, Indenture Trustee and the Asset Representations Reviewer.

Appears in 2 contracts

Samples: Indenture (Ford Credit Auto Lease Trust 2023-A), Indenture (Ford Credit Auto Lease Trust 2023-A)

Reference Pool Servicer Termination Event. If the Issuer has knowledge of a Reference Pool Servicer Termination Event for the 20242018-A B Reference Pool, the Issuer will notify the Indenture Trustee and the Rating Agencies of the event and any action the Issuer is taking to correct the situation. If a Reference Pool Servicer Termination Event results from the failure of the Servicer to perform its obligations under the Servicing Supplement and the Servicing Agreement, the Issuer will take reasonable steps available to cause the Servicer to correct the failure. If (i) a Reference Pool Servicer Termination Event for the 20242018-A B Reference Pool occurs according to Section 7.3(a) of the Servicing Agreement, (ii) the Servicer is removed for the 20242018-A B Reference Pool according to Section 7.3(c) of the Servicing Agreement or (iii) a Successor Servicer is appointed according to Section 7.5(b) of the Servicing Agreement, the Issuer will, in each case, promptly notify the Rating Agencies, Indenture Trustee and the Asset Representations Reviewer.

Appears in 2 contracts

Samples: Indenture (Ford Credit Auto Lease Trust 2018-B), Indenture (Ford Credit Auto Lease Trust 2018-B)

Reference Pool Servicer Termination Event. If the Issuer has knowledge of a Reference Pool Servicer Termination Event for the 20242020-A B Reference Pool, the Issuer will notify the Indenture Trustee and the Rating Agencies of the event and any action the Issuer is taking to correct the situation. If a Reference Pool Servicer Termination Event results from the failure of the Servicer to perform its obligations under the Servicing Supplement and the Servicing Agreement, the Issuer will take reasonable steps available to cause the Servicer to correct the failure. If (i) a Reference Pool Servicer Termination Event for the 20242020-A B Reference Pool occurs according to Section 7.3(a) of the Servicing Agreement, (ii) the Servicer is removed for the 20242020-A B Reference Pool according to Section 7.3(c) of the Servicing Agreement or (iii) a Successor Servicer is appointed according to Section 7.5(b) of the Servicing Agreement, the Issuer will, in each case, promptly notify the Rating Agencies, Indenture Trustee and the Asset Representations Reviewer.

Appears in 2 contracts

Samples: Indenture (Ford Credit Auto Lease Trust 2020-B), Indenture (Ford Credit Auto Lease Trust 2020-B)

Reference Pool Servicer Termination Event. If the Issuer has knowledge of a Reference Pool Servicer Termination Event for the 20242019-A Reference Pool, the Issuer will notify the Indenture Trustee and the Rating Agencies of the event and any action the Issuer is taking to correct the situation. If a Reference Pool Servicer Termination Event results from the failure of the Servicer to perform its obligations under the Servicing Supplement and the Servicing Agreement, the Issuer will take reasonable steps available to cause the Servicer to correct the failure. If (i) a Reference Pool Servicer Termination Event for the 20242019-A Reference Pool occurs according to Section 7.3(a) of the Servicing Agreement, (ii) the Servicer is removed for the 20242019-A Reference Pool according to Section 7.3(c) of the Servicing Agreement or (iii) a Successor Servicer is appointed according to Section 7.5(b) of the Servicing Agreement, the Issuer will, in each case, promptly notify the Rating Agencies, Indenture Trustee and the Asset Representations Reviewer.

Appears in 2 contracts

Samples: Indenture (Ford Credit Auto Lease Trust 2019-A), Indenture (Ford Credit Auto Lease Trust 2019-A)

Reference Pool Servicer Termination Event. If the Issuer has knowledge of a Reference Pool Servicer Termination Event for the 20242023-A B Reference Pool, the Issuer will notify the Indenture Trustee and the Rating Agencies of the event and any action the Issuer is taking to correct the situation. If a Reference Pool Servicer Termination Event results from the failure of the Servicer to perform its obligations under the Servicing Supplement and the Servicing Agreement, the Issuer will take reasonable steps available to cause the Servicer to correct the failure. If (i) a Reference Pool Servicer Termination Event for the 20242023-A B Reference Pool occurs according to Section 7.3(a) of the Servicing Agreement, (ii) the Servicer is removed for the 20242023-A B Reference Pool according to Section 7.3(c) of the Servicing Agreement or (iii) a Successor Servicer is appointed according to Section 7.5(b) of the Servicing Agreement, the Issuer will, in each case, promptly notify the Rating Agencies, Indenture Trustee and the Asset Representations Reviewer.

Appears in 2 contracts

Samples: Indenture (Ford Credit Auto Lease Trust 2023-B), Indenture (Ford Credit Auto Lease Trust 2023-B)

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Reference Pool Servicer Termination Event. If the Issuer has knowledge of a Reference Pool Servicer Termination Event for the 20242022-A Reference Pool, the Issuer will notify the Indenture Trustee and the Rating Agencies of the event and any action the Issuer is taking to correct the situation. If a Reference Pool Servicer Termination Event results from the failure of the Servicer to perform its obligations under the Servicing Supplement and the Servicing Agreement, the Issuer will take reasonable steps available to cause the Servicer to correct the failure. If (i) a Reference Pool Servicer Termination Event for the 20242022-A Reference Pool occurs according to Section 7.3(a) of the Servicing Agreement, (ii) the Servicer is removed for the 20242022-A Reference Pool according to Section 7.3(c) of the Servicing Agreement or (iii) a Successor Servicer is appointed according to Section 7.5(b) of the Servicing Agreement, the Issuer will, in each case, promptly notify the Rating Agencies, Indenture Trustee and the Asset Representations Reviewer.

Appears in 2 contracts

Samples: Indenture (Ford Credit Auto Lease Trust 2022-A), Indenture (Ford Credit Auto Lease Trust 2022-A)

Reference Pool Servicer Termination Event. If the Issuer has knowledge of a Reference Pool Servicer Termination Event for the 20242017-A B Reference Pool, the Issuer will notify the Indenture Trustee and the Rating Agencies of the event and any action the Issuer is taking to correct the situation. If a Reference Pool Servicer Termination Event results from the failure of the Servicer to perform its obligations under the Servicing Supplement and the Servicing Agreement, the Issuer will take reasonable steps available to cause the Servicer to correct the failure. If (i) a Reference Pool Servicer Termination Event for the 20242017-A B Reference Pool occurs according to Section 7.3(a) of the Servicing Agreement, (ii) the Servicer is removed for the 20242017-A B Reference Pool according to Section 7.3(c) of the Servicing Agreement or (iii) a Successor Servicer is appointed according to Section 7.5(b) of the Servicing Agreement, the Issuer will, in each case, promptly notify the Rating Agencies, Indenture Trustee and the Asset Representations Reviewer.

Appears in 2 contracts

Samples: Indenture (Ford Credit Auto Lease Trust 2017-B), Indenture (Ford Credit Auto Lease Trust 2017-B)

Reference Pool Servicer Termination Event. If the Issuer has knowledge of a Reference Pool Servicer Termination Event for the 20242019-A B Reference Pool, the Issuer will notify the Indenture Trustee and the Rating Agencies of the event and any action the Issuer is taking to correct the situation. If a Reference Pool Servicer Termination Event results from the failure of the Servicer to perform its obligations under the Servicing Supplement and the Servicing Agreement, the Issuer will take reasonable steps available to cause the Servicer to correct the failure. If (i) a Reference Pool Servicer Termination Event for the 20242019-A B Reference Pool occurs according to Section 7.3(a) of the Servicing Agreement, (ii) the Servicer is removed for the 20242019-A B Reference Pool according to Section 7.3(c) of the Servicing Agreement or (iii) a Successor Servicer is appointed according to Section 7.5(b) of the Servicing Agreement, the Issuer will, in each case, promptly notify the Rating Agencies, Indenture Trustee and the Asset Representations Reviewer.

Appears in 2 contracts

Samples: Indenture (Ford Credit Auto Lease Trust 2019-B), Indenture (Ford Credit Auto Lease Trust 2019-B)

Reference Pool Servicer Termination Event. If the Issuer has knowledge of a Reference Pool Servicer Termination Event for the 2024-A 20 - Reference Pool, the Issuer will notify the Indenture Trustee and the Rating Agencies of the event and any action the Issuer is taking to correct the situation. If a Reference Pool Servicer Termination Event results from the failure of the Servicer to perform its obligations under the Servicing Supplement and the Servicing Agreement, the Issuer will take reasonable steps available to cause the Servicer to correct the failure. If (i) a Reference Pool Servicer Termination Event for the 2024-A 20 - Reference Pool occurs according to Section 7.3(a) of the Servicing Agreement, (ii) the Servicer is removed for the 2024-A 20 - Reference Pool according to Section 7.3(c) of the Servicing Agreement or (iii) a Successor Servicer is appointed according to Section 7.5(b) of the Servicing Agreement, the Issuer will, in each case, promptly notify the Rating Agencies, Indenture Trustee and the Asset Representations Reviewer.

Appears in 1 contract

Samples: Indenture (CAB West LLC)

Reference Pool Servicer Termination Event. If the Issuer has knowledge of a Reference Pool Servicer Termination Event for the 2024-A B Reference Pool, the Issuer will notify the Indenture Trustee and the Rating Agencies of the event and any action the Issuer is taking to correct the situation. If a Reference Pool Servicer Termination Event results from the failure of the Servicer to perform its obligations under the Servicing Supplement and the Servicing Agreement, the Issuer will take reasonable steps available to cause the Servicer to correct the failure. If (i) a Reference Pool Servicer Termination Event for the 2024-A B Reference Pool occurs according to Section 7.3(a) of the Servicing Agreement, (ii) the Servicer is removed for the 2024-A B Reference Pool according to Section 7.3(c) of the Servicing Agreement or (iii) a Successor Servicer is appointed according to Section 7.5(b) of the Servicing Agreement, the Issuer will, in each case, promptly notify the Rating Agencies, Indenture Trustee and the Asset Representations Reviewer.

Appears in 1 contract

Samples: Indenture (Ford Credit Auto Lease Trust 2024-B)

Reference Pool Servicer Termination Event. If the Issuer has knowledge of a Reference Pool Servicer Termination Event for the 2024-A 20__-__ Reference Pool, the Issuer will notify the Indenture Trustee and the Rating Agencies of the event and any action the Issuer is taking to correct the situation. If a Reference Pool Servicer Termination Event results from the failure of the Servicer to perform its obligations under the Servicing Supplement and the Servicing Agreement, the Issuer will take reasonable steps available to cause the Servicer to correct the failure. If (i) a Reference Pool Servicer Termination Event for the 2024-A 20__-__ Reference Pool occurs according to Section 7.3(a) of the Servicing Agreement, (ii) the Servicer is removed for the 2024-A 20__-__ Reference Pool according to Section 7.3(c) of the Servicing Agreement or (iii) a Successor Servicer is appointed according to Section 7.5(b) of the Servicing Agreement, the Issuer will, in each case, promptly notify the Rating Agencies, Indenture Trustee and the Asset Representations Reviewer.

Appears in 1 contract

Samples: Indenture (CAB East LLC)

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