MBFS USA definition
Examples of MBFS USA in a sentence
The Indenture Trustee and the Issuer acknowledge and agree that the purpose of this subsection is to facilitate compliance by MBFS USA and the Depositor with Rule 15Ga-1 under the Exchange Act.
Capitalized terms used herein that are not otherwise defined shall have the meanings ascribed in Appendix A to the sale and servicing agreement, dated as of January 1, 2025 (as amended, restated, supplemented or otherwise modified from time to time, the “Sale and Servicing Agreement”), among the Issuer, the Depositor and MBFS USA, as seller (in such capacity, the “Seller”) and as servicer (in such capacity, the “Servicer”).
MBFS USA will not resign as Servicer under this Agreement except upon determination that the performance of its duties under this Agreement is no longer permissible under Applicable Law.
Prior to the effectiveness of such resignation, MBFS USA will deliver to the Depositor and the Trustees (i) notice of any such determination permitting the resignation of MBFS USA as Servicer and (ii) an Opinion of Counsel to such effect.
The Indenture Trustee shall cooperate fully with all reasonable written requests of MBFS USA and the Depositor to deliver any and all records and any other information, in each case in its possession, necessary to permit MBFS USA and the Depositor to comply with the provisions of such Rule.
The Indenture Trustee agrees to comply with reasonable written requests made by MBFS USA or the Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of such Rule.