Basic Servicing Agreement definition

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

Basic Servicing Agreement means that certain servicing agreement, dated as of August 30, 1995, among Financial Services Vehicle Trust, as vehicle trust, BMW Manufacturing L.P., as UTI beneficiary, and BMW FS, as servicer.

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

• Except as otherwise set forth in the 2024-B Basic Documents, 2024-B ABS Notes so owned by or pledged to the Servicer or such Affiliate will have an equal and proportionate benefit under the Basic Servicing Agreement and this 2024-B Servicing Supplement.

• Notwithstanding the provisions of Section 5.03(b) of the Basic Servicing Agreement, investment earnings on funds on deposit in the 2024-B Bank Accounts shall constitute 2024-B Available Collections and, on or before each Payment Date, the Indenture Trustee shall deposit such investment earnings, net of any applicable investment losses and expenses, into the 2024-B Exchange Note Collection Account.

• This 2024-B Servicing Supplement will be terminated in the event that the Basic Servicing Agreement is terminated in accordance therewith and may also be terminated at the option of the Servicer or the Titling Trust at any time following the payment in full of the 2024-B Exchange Note; provided, that the rights and obligations of the parties under Section 3.04 will survive any such termination.

• The 2024-B Bank Accounts will only be established at a depository institution or trust company that complies with the requirements set forth in Section 5.02(d) of the Basic Servicing Agreement.

• Any notice or certificate received by the Servicer or delivered by the Servicer under the Basic Servicing Agreement relating to the 2024-B Reference Pool will be forwarded by the Servicer to the Indenture Trustee within five Business Days of delivery or receipt thereof by the Servicer.

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

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 the Second Amended and Restated Servicing Agreement, dated as of May 1, 2023, among MBFS USA, as lender and as servicer, Mercedes-Benz Vehicle Trust, as titling trust, and Collateral Title Co., as 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, Mercedes-Benz Vehicle Trust (as successor to Daimler Trust), as titling trust, U.S. Bank Trust National Association, as administrative agent, and Collateral Title Co. (formerly known (prior to February 1, 2023) as Daimler Title Co.), as collateral agent.

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.