Common use of Pull-Ahead and Other Early Termination Marketing Programs Clause in Contracts

Pull-Ahead and Other Early Termination Marketing Programs. The Servicer may, in its discretion, with respect to any 2023-1 Lease, permit the Lessee under the related 2023-1 Lease to terminate such 2023-1 Lease prior to its scheduled termination date as part of a “pull-ahead” or other marketing program; provided, however, that such early termination shall not be permitted unless all Pull-Ahead Amounts due and payable by the Lessee under such 2023-1 Lease on or before the date of such Lessee’s election to terminate the 2023-1 Lease have been paid by or on behalf of such Lessee and are deposited in the 2023-1 SUBI Collection Account within the time period thereafter stated in Section 2.4 of this Servicing Supplement. Following such early termination, the Servicer shall charge the related Lessee any applicable Excess Wear and Use Payments and Excess Mileage Payments in accordance with customary servicing practices with respect to 2023-1 Leases that are terminated early by the related Lessee in the absence of a “pull-ahead” or other marketing program.

Appears in 2 contracts

Samples: Basic Servicing Agreement (BMW Vehicle Lease Trust 2023-1), Basic Servicing Agreement (BMW Vehicle Lease Trust 2023-1)

AutoNDA by SimpleDocs

Pull-Ahead and Other Early Termination Marketing Programs. The Servicer may, in its discretion, with respect to any 20232016-1 2 Lease, permit the Lessee under the related 20232016-1 2 Lease to terminate such 20232016-1 2 Lease prior to its scheduled termination date as part of a “pull-ahead” or other marketing program; provided, however, that such early termination shall not be permitted unless all Pull-Ahead Amounts due and payable by the Lessee under such 20232016-1 2 Lease on or before the date of such Lessee’s election to terminate the 20232016-1 2 Lease have been paid by or on behalf of such Lessee and are deposited in the 20232016-1 2 SUBI Collection Account within the time period thereafter stated in Section 2.4 of this Servicing Supplement. Following such early termination, the Servicer shall charge the related Lessee any applicable Excess Wear and Use Payments and Excess Mileage Payments in accordance with customary servicing practices with respect to 20232016-1 2 Leases that are terminated early by the related Lessee in the absence of a “pull-ahead” or other marketing program.

Appears in 2 contracts

Samples: Basic Servicing Agreement (BMW Vehicle Lease Trust 2016-2), Basic Servicing Agreement (BMW Vehicle Lease Trust 2016-2)

Pull-Ahead and Other Early Termination Marketing Programs. The Servicer may, in its discretion, with respect to any 20232011-1 Lease, permit the Lessee under the related 20232011-1 Lease to terminate such 20232011-1 Lease prior to its scheduled termination date as part of a “pull-ahead” or other marketing program; provided, however, that such early termination shall not be permitted unless all Pull-Ahead Amounts due and payable by the Lessee under such 20232011-1 Lease on or before the date of such Lessee’s election to terminate the 20232011-1 Lease have been paid by or on behalf of such Lessee Xxxxxx and are deposited in the 20232011-1 SUBI Collection Account within the time period thereafter stated in Section 2.4 of this Servicing Supplement. Following such early termination, the Servicer shall charge the related Lessee any applicable Excess Wear and Use Payments and Excess Mileage Payments in accordance with customary servicing practices with respect to 2023-1 Leases that are terminated early by the related Lessee in the absence of a “pull-ahead” or other marketing program.

Appears in 2 contracts

Samples: Financial Services (BMW Vehicle Lease Trust 2011-1), Financial Services (BMW Vehicle Lease Trust 2011-1)

Pull-Ahead and Other Early Termination Marketing Programs. The Servicer may, in its discretion, with respect to any 20232018-1 Lease, permit the Lessee under the related 20232018-1 Lease to terminate such 20232018-1 Lease prior to its scheduled termination date as part of a “pull-ahead” or other marketing program; provided, however, that such early termination shall not be permitted unless all Pull-Ahead Amounts due and payable by the Lessee under such 20232018-1 Lease on or before the date of such Lessee’s election to terminate the 20232018-1 Lease have been paid by or on behalf of such Lessee and are deposited in the 20232018-1 SUBI Collection Account within the time period thereafter stated in Section 2.4 of this Servicing Supplement. Following such early termination, the Servicer shall charge the related Lessee any applicable Excess Wear and Use Payments and Excess Mileage Payments in accordance with customary servicing practices with respect to 20232018-1 Leases that are terminated early by the related Lessee in the absence of a “pull-ahead” or other marketing program.

Appears in 2 contracts

Samples: Financial Services (BMW Vehicle Lease Trust 2018-1), Financial Services (BMW Vehicle Lease Trust 2018-1)

Pull-Ahead and Other Early Termination Marketing Programs. The Servicer may, in its discretion, with respect to any 20232019-1 Lease, permit the Lessee under the related 20232019-1 Lease to terminate such 20232019-1 Lease prior to its scheduled termination date as part of a “pull-ahead” or other marketing program; provided, however, that such early termination shall not be permitted unless all Pull-Ahead Amounts due and payable by the Lessee under such 20232019-1 Lease on or before the date of such Lessee’s election to terminate the 20232019-1 Lease have been paid by or on behalf of such Lessee and are deposited in the 20232019-1 SUBI Collection Account within the time period thereafter stated in Section 2.4 of this Servicing Supplement. Following such early termination, the Servicer shall charge the related Lessee any applicable Excess Wear and Use Payments and Excess Mileage Payments in accordance with customary servicing practices with respect to 20232019-1 Leases that are terminated early by the related Lessee in the absence of a “pull-ahead” or other marketing program.

Appears in 2 contracts

Samples: Financial Services Vehicle (BMW Vehicle Lease Trust 2019-1), Financial Services (BMW Vehicle Lease Trust 2019-1)

Pull-Ahead and Other Early Termination Marketing Programs. The Servicer may, in its discretion, with respect to any 20232017-1 2 Lease, permit the Lessee under the related 20232017-1 2 Lease to terminate such 20232017-1 2 Lease prior to its scheduled termination date as part of a “pull-ahead” or other marketing program; provided, however, that such early termination shall not be permitted unless all Pull-Ahead Amounts due and payable by the Lessee under such 20232017-1 2 Lease on or before the date of such Lessee’s election to terminate the 20232017-1 2 Lease have been paid by or on behalf of such Lessee and are deposited in the 20232017-1 2 SUBI Collection Account within the time period thereafter stated in Section 2.4 of this Servicing Supplement. Following such early termination, the Servicer shall charge the related Lessee any applicable Excess Wear and Use Payments and Excess Mileage Payments in accordance with customary servicing practices with respect to 20232017-1 2 Leases that are terminated early by the related Lessee in the absence of a “pull-ahead” or other marketing program.

Appears in 2 contracts

Samples: Financial Services Vehicle Trust (BMW Vehicle Lease Trust 2017-2), Financial Services Vehicle Trust (BMW Vehicle Lease Trust 2017-2)

Pull-Ahead and Other Early Termination Marketing Programs. The Servicer may, in its discretion, with respect to any 20232017-1 Lease, permit the Lessee under the related 20232017-1 Lease to terminate such 20232017-1 Lease prior to its scheduled termination date as part of a “pull-ahead” or other marketing program; provided, however, that such early termination shall not be permitted unless all Pull-Ahead Amounts due and payable by the Lessee under such 20232017-1 Lease on or before the date of such Lessee’s election to terminate the 20232017-1 Lease have been paid by or on behalf of such Lessee and are deposited in the 20232017-1 SUBI Collection Account within the time period thereafter stated in Section 2.4 of this Servicing Supplement. Following such early termination, the Servicer shall charge the related Lessee any applicable Excess Wear and Use Payments and Excess Mileage Payments in accordance with customary servicing practices with respect to 20232017-1 Leases that are terminated early by the related Lessee in the absence of a “pull-ahead” or other marketing program.

Appears in 2 contracts

Samples: Financial Services Vehicle (BMW Vehicle Lease Trust 2017-1), Financial Services Vehicle (BMW Vehicle Lease Trust 2017-1)

Pull-Ahead and Other Early Termination Marketing Programs. The Servicer may, in its discretion, with respect to any 20232021-1 Lease, permit the Lessee under the related 20232021-1 Lease to terminate such 20232021-1 Lease prior to its scheduled termination date as part of a “pull-ahead” or other marketing program; provided, however, that such early termination shall not be permitted unless all Pull-Ahead Amounts due and payable by the Lessee under such 20232021-1 Lease on or before the date of such Lessee’s election to terminate the 20232021-1 Lease have been paid by or on behalf of such Lessee and are deposited in the 20232021-1 SUBI Collection Account within the time period thereafter stated in Section 2.4 of this Servicing Supplement. Following such early termination, the Servicer shall charge the related Lessee any applicable Excess Wear and Use Payments and Excess Mileage Payments in accordance with customary servicing practices with respect to 20232021-1 Leases that are terminated early by the related Lessee in the absence of a “pull-ahead” or other marketing program.

Appears in 2 contracts

Samples: Financial Services Vehicle Trust (BMW Vehicle Lease Trust 2021-1), Financial Services Vehicle (BMW Vehicle Lease Trust 2021-1)

AutoNDA by SimpleDocs

Pull-Ahead and Other Early Termination Marketing Programs. The Servicer may, in its discretion, with respect to any 2023-1 2 Lease, permit the Lessee under the related 2023-1 2 Lease to terminate such 2023-1 2 Lease prior to its scheduled termination date as part of a “pull-ahead” or other marketing program; provided, however, that such early termination shall not be permitted unless all Pull-Ahead Amounts due and payable by the Lessee under such 2023-1 2 Lease on or before the date of such Lessee’s election to terminate the 2023-1 2 Lease have been paid by or on behalf of such Lessee and are deposited in the 2023-1 2 SUBI Collection Account within the time period thereafter stated in Section 2.4 of this Servicing Supplement. Following such early termination, the Servicer shall charge the related Lessee any applicable Excess Wear and Use Payments and Excess Mileage Payments in accordance with customary servicing practices with respect to 2023-1 2 Leases that are terminated early by the related Lessee in the absence of a “pull-ahead” or other marketing program.

Appears in 2 contracts

Samples: Basic Servicing Agreement (BMW Vehicle Lease Trust 2023-2), Basic Servicing Agreement (BMW Vehicle Lease Trust 2023-2)

Pull-Ahead and Other Early Termination Marketing Programs. The Servicer may, in its discretion, with respect to any 20232022-1 Lease, permit the Lessee under the related 20232022-1 Lease to terminate such 20232022-1 Lease prior to its scheduled termination date as part of a “pull-ahead” or other marketing program; provided, however, that such early termination shall not be permitted unless all Pull-Ahead Amounts due and payable by the Lessee under such 20232022-1 Lease on or before the date of such Lessee’s election to terminate the 20232022-1 Lease have been paid by or on behalf of such Lessee and are deposited in the 20232022-1 SUBI Collection Account within the time period thereafter stated in Section 2.4 of this Servicing Supplement. Following such early termination, the Servicer shall charge the related Lessee any applicable Excess Wear and Use Payments and Excess Mileage Payments in accordance with customary servicing practices with respect to 20232022-1 Leases that are terminated early by the related Lessee in the absence of a “pull-ahead” or other marketing program.

Appears in 2 contracts

Samples: Basic Servicing Agreement (BMW Vehicle Lease Trust 2022-1), Basic Servicing Agreement (BMW Vehicle Lease Trust 2022-1)

Pull-Ahead and Other Early Termination Marketing Programs. The Servicer may, in its discretion, with respect to any 20232016-1 Lease, permit the Lessee under the related 20232016-1 Lease to terminate such 20232016-1 Lease prior to its scheduled termination date as part of a “pull-ahead” or other marketing program; provided, however, that such early termination shall not be permitted unless all Pull-Ahead Amounts due and payable by the Lessee under such 20232016-1 Lease on or before the date of such Lessee’s election to terminate the 20232016-1 Lease have been paid by or on behalf of such Lessee and are deposited in the 20232016-1 SUBI Collection Account within the time period thereafter stated in Section 2.4 of this Servicing Supplement. Following such early termination, the Servicer shall charge the related Lessee any applicable Excess Wear and Use Payments and Excess Mileage Payments in accordance with customary servicing practices with respect to 20232016-1 Leases that are terminated early by the related Lessee in the absence of a “pull-ahead” or other marketing program.

Appears in 2 contracts

Samples: Basic Servicing Agreement (BMW Vehicle Lease Trust 2016-1), Basic Servicing Agreement (BMW Vehicle Lease Trust 2016-1)

Pull-Ahead and Other Early Termination Marketing Programs. The Servicer may, in its discretion, with respect to any 20232021-1 2 Lease, permit the Lessee under the related 20232021-1 2 Lease to terminate such 20232021-1 2 Lease prior to its scheduled termination date as part of a “pull-ahead” or other marketing program; provided, however, that such early termination shall not be permitted unless all Pull-Ahead Amounts due and payable by the Lessee under such 20232021-1 2 Lease on or before the date of such Lessee’s election to terminate the 20232021-1 2 Lease have been paid by or on behalf of such Lessee and are deposited in the 20232021-1 2 SUBI Collection Account within the time period thereafter stated in Section 2.4 of this Servicing Supplement. Following such early termination, the Servicer shall charge the related Lessee any applicable Excess Wear and Use Payments and Excess Mileage Payments in accordance with customary servicing practices with respect to 20232021-1 2 Leases that are terminated early by the related Lessee in the absence of a “pull-ahead” or other marketing program.

Appears in 1 contract

Samples: Basic Servicing Agreement (BMW Vehicle Lease Trust 2021-2)

Time is Money Join Law Insider Premium to draft better contracts faster.