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Common use of Fidelity Bond Clause in Contracts

Fidelity Bond. The Servicer shall not be required to maintain a fidelity bond or error and omissions policy.

Appears in 126 contracts

Sources: Sale and Servicing Agreement (Nissan Auto Receivables 2026-a Owner Trust), Sale and Servicing Agreement (Nissan Auto Receivables 2026-a Owner Trust), Sale and Servicing Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC)

Fidelity Bond. The Servicer shall is not be required to maintain a fidelity bond or error errors and omissions policy.

Appears in 69 contracts

Sources: Sale and Servicing Agreement (Hyundai Auto Receivables Trust 2026-A), Sale and Servicing Agreement (Hyundai Auto Receivables Trust 2026-A), Sale and Servicing Agreement (Hyundai Auto Receivables Trust 2025-D)

Fidelity Bond. The Servicer shall not be required to maintain a fidelity bond or error errors and omissions policy.

Appears in 26 contracts

Sources: Servicing Agreement (Porsche Innovative Lease Owner Trust 2026-1), Sale and Servicing Agreement (Porsche Auto Funding LLC), Transaction Subi Supplement (Porsche Leasing Ltd.)

Parent Clauses

  • Administration and Servicing of Mortgage Loans
  • Administration and Servicing of Receivables
  • Miscellaneous Provisions
  • The Servicer
  • Representations of Servicer

Sub-Clauses

  • Notices
  • Broker
  • For Convenience
  • For Cause
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