Reference Pool Servicing Fee. The Servicer shall be paid the Reference Pool Servicing Fee for each Reference Pool in consideration for, among other things, (i) servicing such Reference Pool, (ii) the allocable cost of maintaining Insurance Policies pursuant to Section 3.07 and (iii) paying the fees and expenses set forth in Section 3.09(d), in each case relating to such Reference Pool. The Reference Pool Servicing Fee for each Reference Pool will be payable solely from, and the right of the Servicer to receive the Reference Pool Servicing Fee for each Reference Pool will be limited in recourse to, the Collections and other amounts applied to the payment of such fee pursuant to the Collateral Agency Agreement and the related Exchange Note Supplement.
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)
Reference Pool Servicing Fee. The Servicer shall will be paid the Reference Pool Servicing Fee for each Reference Pool in consideration for, among other things, (i) servicing such Reference Pool, (ii) the allocable cost of maintaining Insurance Policies pursuant to Section 3.07 3.7 and (iii) paying the fees and expenses set forth in Section 3.09(d3.9(d), in each case relating to such Reference Pool. The Reference Pool Servicing Fee for each Reference Pool will be payable solely from, and the right of the Servicer to receive the Reference Pool Servicing Fee for each Reference Pool will be limited in recourse to, the Collections and other amounts applied to the payment of such fee pursuant to the Collateral Agency Agreement Credit and the related Exchange Note SupplementSecurity Agreement.
Appears in 1 contract
Samples: Servicing Agreement (CAB West LLC)