Basic Servicing Agreement definition

Basic Servicing Agreement means that certain servicing agreement, dated as of August 30, 1995, between the Vehicle Trust, BMW Manufacturing L.P. and BMW FS, as servicer.

Basic Servicing Agreement has the meaning set forth in the Recitals.

Basic Servicing Agreement means the Amended and Restated Servicing Agreement, dated as of March 1, 2009, among MBFS USA, as lender and as servicer, Daimler Trust, as titling trust, and Daimler Title Co., as collateral agent.

Examples of Basic Servicing Agreement in a sentence

• The Trust Assets (including the SUBI Assets) will be serviced by BMW Financial Services (in such capacity, the “Servicer”) pursuant to a servicing agreement, dated as of August 30, 1995 (the “Basic Servicing Agreement”), as supplemented by a 20[__]-[__] SUBI servicing supplement, dated as of the Closing Date (the “SUBI Servicing Supplement” and, together with the Basic Servicing Agreement, the “Servicing Agreement”), in each case among the Vehicle Trust, the UTI Beneficiary and Servicer.

• Capitalized terms used herein that are not otherwise defined shall have the meanings ascribed thereto in the Basic Servicing Agreement, the Indenture or in the SUBI Trust Agreement, as the case may be.

• In the event of any actual conflict between the provisions of this Servicing Supplement and (i) the Vehicle Trust Agreement, with respect to the servicing of any Trust Assets, the provisions of this Servicing Supplement shall prevail and (ii) the Basic Servicing Agreement, the provisions of this Servicing Supplement shall control.

• Notwithstanding Section 2.11 of the Basic Servicing Agreement, Insurance Proceeds shall be remitted in accordance with this Section 2.4(a).

• In the event of any conflict between this Servicing Supplement and the Basic Servicing Agreement in respect of the 20[__]-[__] SUBI, the provisions of this Servicing Supplement shall prevail.

More Definitions of Basic Servicing Agreement

Basic Servicing Agreement means the amended and restated servicing agreement, dated as of March 1, 2009, among MBFS USA, as servicer and as lender, Daimler Trust, as titling trust, and Daimler Title Co., as collateral agent.

Basic Servicing Agreement means the servicing agreement, dated as of March 1, 1999, as amended by the First Amendment to Servicing Agreement, dated as of January 3, 2001, among the Titling Trust, the UTI Beneficiary, and the Servicer.

Basic Servicing Agreement means the Third Amended and Restated Servicing Agreement, dated as of January 18, 2018, as the same may be further amended, restated, supplemented or otherwise modified from time to time, among the Titling Trust, AmeriCredit, the Settlor and the Collateral Agent.

Basic Servicing Agreement means that certain Servicing Agreement, dated as of August 30, 1995, between BMW FS, as servicer, and Financial Services Vehicle Trust.

Basic Servicing Agreement means the Second Amended and Restated Servicing Agreement, dated as of May 1, 2023, among MBFS USA, as lender and as servicer, the Titling Trust and the Collateral Agent.

Basic Servicing Agreement means the Second Amended and Restated Servicing Agreement, dated as of May 1, 2023, among MBFS USA, as lender and as servicer, the Titling Trust (as successor to Daimler Trust) and Collateral Title Co. (formerly known (prior to February 1, 2023) as Daimler Title Co.), as collateral agent. ARTICLE TWO SALE OF THE FIRST-TIER ASSETS

Basic Servicing Agreement means the servicing agreement, dated as of March 1, 1999, among the Titling Trust, NILT Trust, the UTI Beneficiary, and NMAC, as servicer.