Common use of Servicer Bound by Servicing Agreement Clause in Contracts

Servicer Bound by Servicing Agreement. (a) The Servicer shall continue to be bound by all provisions of the Servicing Agreement with respect to the Transaction Units allocated to the Transaction SUBI Portfolio, including the provisions of Article II thereof relating to the administration and servicing of Leases; and the provisions set forth herein shall operate either as additions to or modifications of the existing obligations of the Servicer under the Servicing Agreement, as the context may require. In the event of any conflict between the provisions of this Transaction SUBI Servicing Supplement and the Servicing Agreement with respect to the Transaction SUBI, the provisions of this Transaction SUBI Servicing Supplement shall prevail. (b) For purposes of determining the Servicer’s obligations with respect to the servicing of the Transaction SUBI Portfolio under this Transaction SUBI Servicing Supplement, general references in the Servicing Agreement to: (i) a SUBI Portfolio shall be deemed to refer more specifically to the Transaction SUBI Portfolio; (ii) a SUBI Servicing Agreement Supplement shall be deemed to refer more specifically to this Transaction SUBI Servicing Supplement; and (iii) a SUBI Supplement shall be deemed to refer more specifically to the Transaction SUBI Supplement.

Appears in 23 contracts

Samples: Transaction Subi Supplement to Servicing Agreement (Vw Credit Leasing LTD), Transaction Subi Supplement to Servicing Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Transaction Subi Supplement to Servicing Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC)

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Servicer Bound by Servicing Agreement. (a) The Servicer shall continue to be bound by all provisions of the Servicing Agreement with respect to the Transaction Units Trust Assets allocated to the Transaction Sold SUBI PortfolioPortfolios, including the provisions of Article II thereof relating to the administration and servicing of LeasesTrust Vehicles, Leases and Fleet Receivables; and the provisions set forth herein shall operate either as additions to or modifications of the existing obligations of the Servicer under the Servicing Agreement, as the context may require. In the event of any conflict between the provisions of this Transaction Sold SUBI Servicing Supplement and the Servicing Agreement with respect to the Transaction SUBISold SUBIs, the provisions of this Transaction Sold SUBI Servicing Supplement shall prevail. (b) For purposes of determining the Servicer’s 's obligations with respect to the servicing of the Transaction Sold SUBI Portfolio Portfolios under this Transaction Sold SUBI Servicing Supplement, general references in the Servicing Agreement to: (i) a SUBI Portfolio shall be deemed to refer more specifically to the Transaction a Sold SUBI Portfolio; (ii) a SUBI Servicing Agreement Supplement shall be deemed to refer more specifically to this Transaction Sold SUBI Servicing Supplement; and (iii) a Sold SUBI Supplement shall be deemed to refer more specifically to a Sold SUBI Supplement relating to one of the Transaction Sold SUBI SupplementPortfolios.

Appears in 3 contracts

Samples: Servicing Agreement (Greyhound Funding LLC), Transfer Agreement (Greyhound Funding LLC), Sold Subi Supplement to Servicing Agreement (Fah Co Inc)

Servicer Bound by Servicing Agreement. (a) The Servicer shall continue to be bound by all provisions of the Servicing Agreement with respect to the Transaction Units allocated to the Transaction SUBI Portfolio, including the provisions of Article II thereof relating to the administration and servicing of Leases; and the provisions set forth herein shall operate either as additions to or modifications of the existing obligations of the Servicer under the Servicing Agreement, as the context may require. In the event of any conflict between the provisions of this Transaction SUBI Servicing Supplement and the Servicing Agreement with respect to the Transaction SUBI, the provisions of this Transaction SUBI Servicing Supplement shall prevail. (b) For purposes of determining the Servicer’s obligations with respect to the servicing of the Transaction SUBI Portfolio under this Transaction SUBI Servicing Supplement, general references in the Servicing Agreement to: (i) a SUBI Portfolio shall be deemed to refer more specifically to the Transaction SUBI Portfolio; (ii) a SUBI Servicing Agreement Supplement shall be deemed to refer more specifically to this Transaction SUBI Servicing Supplement; and (iii) a SUBI Supplement shall be deemed to refer more specifically to the Transaction SUBI Supplement.. 4 Transaction SUBI Servicing Supplement (2023-A)

Appears in 2 contracts

Samples: Transaction Subi Supplement to Servicing Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Transaction Subi Supplement to Servicing Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC)

Servicer Bound by Servicing Agreement. (a) The Servicer shall continue to be bound by all provisions of the Servicing Agreement with respect to the Transaction Units allocated to the Transaction SUBI Portfolio, including the provisions of Article II thereof relating to the administration and servicing of Leases; and the provisions set forth herein shall operate either as additions to or modifications of the existing obligations of the Servicer under the Servicing Agreement, as the context may require. In the event of any conflict between the provisions of this Transaction SUBI Servicing Supplement and the Servicing Agreement with respect to the Transaction SUBI, the provisions of this Transaction SUBI Servicing Supplement shall prevail. (b) For purposes of determining the Servicer’s obligations with respect to the servicing of the Transaction SUBI Portfolio under this Transaction SUBI Servicing Supplement, general references in the Servicing Agreement to: (i) a SUBI Portfolio shall be deemed to refer more specifically to the Transaction SUBI Portfolio; (ii) a SUBI Servicing Agreement Supplement shall be deemed to refer more specifically to this Transaction SUBI Servicing Supplement; and (iii) a SUBI Supplement shall be deemed to refer more specifically to the Transaction SUBI Supplement.. 4 Transaction SUBI Servicing Supplement (2024-A)

Appears in 2 contracts

Samples: Transaction Subi Supplement to Servicing Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Transaction Subi Supplement to Servicing Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC)

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Servicer Bound by Servicing Agreement. (a) The Servicer shall continue to be bound by all provisions of the Servicing Agreement with respect to the Transaction Units allocated to the Transaction SUBI Portfolio, including the provisions of Article II thereof relating to the administration and servicing of Leases; and the provisions set forth herein shall operate either as additions to or modifications of the existing obligations of the Servicer under the Servicing Agreement, as the context may require. In the event of any conflict between the provisions of this Transaction SUBI Servicing Supplement and the Servicing Agreement with respect to the Transaction SUBI, the provisions of this Transaction SUBI Servicing Supplement shall prevail. (b) For purposes of determining the Servicer’s 's obligations with respect to the servicing of the Transaction SUBI Portfolio under this Transaction SUBI Servicing Supplement, Transaction SUBI Servicing Supplement general references in the Servicing Agreement to: (i) a SUBI Portfolio shall be deemed to refer more specifically to the Transaction SUBI Portfolio; (ii) a SUBI Servicing Agreement Supplement shall be deemed to refer more specifically to this Transaction SUBI Servicing Supplement; and (iii) a SUBI Supplement shall be deemed to refer more specifically to the Transaction SUBI Supplement.

Appears in 2 contracts

Samples: Transaction Subi Supplement (Volkswagen Auto Lease Trust 2005-A), Transaction Subi Supplement (Volkswagen Auto Lease Underwritten Funding LLC)

Servicer Bound by Servicing Agreement. (a) The Servicer shall continue to be bound by all provisions of the Servicing Agreement with respect to the Transaction Units allocated to the Transaction SUBI Portfolio, including the provisions of Article II thereof relating to the administration and servicing of Leases; and the provisions set forth herein shall operate either as additions to or modifications of the existing obligations of the Servicer under the Servicing Agreement, as the context may require. In the event of any conflict between the provisions of this Transaction SUBI Servicing Supplement and the Servicing Agreement with respect to the Transaction SUBI, the provisions of this Transaction SUBI Servicing Supplement shall prevail. (b) For purposes of determining the Servicer’s 's obligations with respect to the servicing of the Transaction SUBI Portfolio under this Transaction SUBI Servicing Supplement, general references in the Servicing Agreement to: (i) a SUBI Portfolio shall be deemed to refer more specifically to the Transaction SUBI Portfolio; (ii) a SUBI Servicing Agreement Supplement shall be deemed to refer more specifically to this Transaction SUBI Servicing Supplement; and (iii) a SUBI Supplement shall be deemed to refer more specifically to the Transaction SUBI Supplement.

Appears in 2 contracts

Samples: Transaction Subi Supplement (Volkswagen Public Auto Loan Securitization LLC), Transaction Subi Supplement (Volkswagen Auto Lease Trust 2002-A)

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