Common use of Reference Pool Servicing Fee Clause in Contracts

Reference Pool Servicing Fee. As compensation for performing its obligations under the Servicing Agreement and this Supplement relating to the 20__-__ Reference Pool, the Servicer will be paid the Reference Pool Servicing Fee. (i) The "Reference Pool Servicing Fee" will, for a Payment Date, be an amount equal to the sum of (A) the product of: (1) one-twelfth of 1.00%; times (2) the Pool Balance as of the last day of the related Collection Period (or the Cutoff Date for the first Payment Date), plus (B) the portion of the Reference Pool Servicing Fee for the prior Payment Date, if any, that was not paid on that Payment Date. (ii) The Reference Pool Servicing Fee will be payable solely from, and the right of the Servicer to receive the Reference Pool Servicing Fee will be limited in recourse to, the 20__-__ Collections and other amounts applied to the payment of that fee under the Exchange Note Supplement.

Appears in 3 contracts

Sources: Servicing Supplement (CAB East LLC), Servicing Supplement (CAB East LLC), Servicing Supplement (CAB East LLC)

Reference Pool Servicing Fee. As compensation for performing its obligations under the Servicing Agreement and this Supplement relating to the 20__-__ 20 - Reference Pool, the Servicer will be paid the Reference Pool Servicing Fee. (i) The "Reference Pool Servicing Fee" will, for a Payment DateCollection Period, be an amount equal to the sum of (A) the product of: (1) one-twelfth of 1.00%; times (2) the Pool Balance as of the last day of the related prior Collection Period (or the Cutoff Date for the first Payment DateCollection Period), plus (B) the portion of the Reference Pool Servicing Fee for the prior Payment DateCollection Period, if any, that was not paid on that the related Payment Date. (ii) The Reference Pool Servicing Fee will be payable solely from, and the right of the Servicer to receive the Reference Pool Servicing Fee will be limited in recourse to, the 20__-__ 20 - Collections and other amounts applied to the payment of that fee under the Exchange Note Supplement.

Appears in 3 contracts

Sources: Servicing Agreement (CAB West LLC), Servicing Agreement (CAB East LLC), Servicing Agreement (CAB East LLC)

Reference Pool Servicing Fee. As compensation for performing its obligations under the Servicing Agreement and this Supplement relating to the 20__-__ 2019-B Reference Pool, the Servicer will be paid the Reference Pool Servicing Fee. (i) The "Reference Pool Servicing Fee" will, for a Payment DateCollection Period, be an amount equal to the sum of (A) the product of: (1) one-twelfth of 1.00%; times (2) the Pool Balance as of the last day of the related prior Collection Period (or the Cutoff Date for the first Payment DateCollection Period), plus (B) the portion of the Reference Pool Servicing Fee for the prior Payment DateCollection Period, if any, that was not paid on that the related Payment Date. (ii) The Reference Pool Servicing Fee will be payable solely from, and the right of the Servicer to receive the Reference Pool Servicing Fee will be limited in recourse to, the 20__-__ 2019-B Collections and other amounts applied to the payment of that fee under the Exchange Note Supplement.

Appears in 2 contracts

Sources: Servicing Supplement (Ford Credit Auto Lease Trust 2019-B), Servicing Agreement (Ford Credit Auto Lease Trust 2019-B)

Reference Pool Servicing Fee. As compensation for performing its obligations under the Servicing Agreement and this Supplement relating to the 20__-__ 2022-A Reference Pool, the Servicer will be paid the Reference Pool Servicing Fee. (i) The "Reference Pool Servicing Fee" will, for a Payment DateCollection Period, be an amount equal to the sum of (A) the product of: (1) one-twelfth of 1.00%; times (2) the Pool Balance as of the last day of the related prior Collection Period (or the Cutoff Date for the first Payment DateCollection Period), plus (B) the portion of the Reference Pool Servicing Fee for the prior Payment DateCollection Period, if any, that was not paid on that the related Payment Date. (ii) The Reference Pool Servicing Fee will be payable solely from, and the right of the Servicer to receive the Reference Pool Servicing Fee will be limited in recourse to, the 20__-__ 2022-A Collections and other amounts applied to the payment of that fee under the Exchange Note Supplement.

Appears in 2 contracts

Sources: Servicing Agreement (Ford Credit Auto Lease Trust 2022-A), Servicing Agreement (Ford Credit Auto Lease Trust 2022-A)

Reference Pool Servicing Fee. As compensation for performing its obligations under the Servicing Agreement and this Supplement relating to the 20__-__ 2016-A Reference Pool, the Servicer will be paid the Reference Pool Servicing Fee. (i) The "Reference Pool Servicing Fee" will, for a Payment DateCollection Period, be an amount equal to the sum of (A) the product of: (1) one-twelfth of 1.00%; times (2) the Pool Balance as of the last day of the related prior Collection Period (or the Cutoff Date for the first Payment DateCollection Period), plus (B) the portion of the Reference Pool Servicing Fee for the prior Payment DateCollection Period, if any, that was not paid on that the related Payment Date. (ii) The Reference Pool Servicing Fee will be payable solely from, and the right of the Servicer to receive the Reference Pool Servicing Fee will be limited in recourse to, the 20__-__ 2016-A Collections and other amounts applied to the payment of that fee under the Exchange Note Supplement.

Appears in 2 contracts

Sources: Servicing Supplement (Ford Credit Auto Lease Two LLC), Servicing Agreement (Ford Credit Auto Lease Two LLC)

Reference Pool Servicing Fee. As compensation for performing its obligations under the Servicing Agreement and this Supplement relating to the 20__-__ 2018-A Reference Pool, the Servicer will be paid the Reference Pool Servicing Fee. (i) The "Reference Pool Servicing Fee" will, for a Payment DateCollection Period, be an amount equal to the sum of (A) the product of: (1) one-twelfth of 1.00%; times (2) the Pool Balance as of the last day of the related prior Collection Period (or the Cutoff Date for the first Payment DateCollection Period), plus (B) the portion of the Reference Pool Servicing Fee for the prior Payment DateCollection Period, if any, that was not paid on that the related Payment Date. (ii) The Reference Pool Servicing Fee will be payable solely from, and the right of the Servicer to receive the Reference Pool Servicing Fee will be limited in recourse to, the 20__-__ 2018-A Collections and other amounts applied to the payment of that fee under the Exchange Note Supplement.

Appears in 2 contracts

Sources: Servicing Supplement (Ford Credit Auto Lease Trust 2018-A), Servicing Agreement (Ford Credit Auto Lease Trust 2018-A)

Reference Pool Servicing Fee. As compensation for performing its obligations under the Servicing Agreement and this Supplement relating to the 20__-__ 2017-B Reference Pool, the Servicer will be paid the Reference Pool Servicing Fee. (i) The "Reference Pool Servicing Fee" will, for a Payment DateCollection Period, be an amount equal to the sum of (A) the product of: (1) one-twelfth of 1.00%; times (2) the Pool Balance as of the last day of the related prior Collection Period (or the Cutoff Date for the first Payment DateCollection Period), plus (B) the portion of the Reference Pool Servicing Fee for the prior Payment DateCollection Period, if any, that was not paid on that the related Payment Date. (ii) The Reference Pool Servicing Fee will be payable solely from, and the right of the Servicer to receive the Reference Pool Servicing Fee will be limited in recourse to, the 20__-__ 2017-B Collections and other amounts applied to the payment of that fee under the Exchange Note Supplement.

Appears in 2 contracts

Sources: Servicing Supplement (Ford Credit Auto Lease Trust 2017-B), Servicing Agreement (Ford Credit Auto Lease Trust 2017-B)

Reference Pool Servicing Fee. As compensation for performing its obligations under the Servicing Agreement and this Supplement relating to the 20__-__ 2017-A Reference Pool, the Servicer will be paid the Reference Pool Servicing Fee. (i) The "Reference Pool Servicing Fee" will, for a Payment DateCollection Period, be an amount equal to the sum of (A) the product of: (1) one-twelfth of 1.00%; times (2) the Pool Balance as of the last day of the related prior Collection Period (or the Cutoff Date for the first Payment DateCollection Period), plus (B) the portion of the Reference Pool Servicing Fee for the prior Payment DateCollection Period, if any, that was not paid on that the related Payment Date. (ii) The Reference Pool Servicing Fee will be payable solely from, and the right of the Servicer to receive the Reference Pool Servicing Fee will be limited in recourse to, the 20__-__ 2017-A Collections and other amounts applied to the payment of that fee under the Exchange Note Supplement.

Appears in 2 contracts

Sources: Servicing Supplement (Ford Credit Auto Lease Trust 2017-A), Servicing Agreement (Ford Credit Auto Lease Two LLC)

Reference Pool Servicing Fee. As compensation for performing its obligations under the Servicing Agreement and this Supplement relating to the 20__-__ 2020-B Reference Pool, the Servicer will be paid the Reference Pool Servicing Fee. (i) The "Reference Pool Servicing Fee" will, for a Payment DateCollection Period, be an amount equal to the sum of (A) the product of: (1) one-twelfth of 1.00%; times (2) the Pool Balance as of the last day of the related prior Collection Period (or the Cutoff Date for the first Payment DateCollection Period), plus (B) the portion of the Reference Pool Servicing Fee for the prior Payment DateCollection Period, if any, that was not paid on that the related Payment Date. (ii) The Reference Pool Servicing Fee will be payable solely from, and the right of the Servicer to receive the Reference Pool Servicing Fee will be limited in recourse to, the 20__-__ 2020-B Collections and other amounts applied to the payment of that fee under the Exchange Note Supplement.

Appears in 2 contracts

Sources: Servicing Supplement (Ford Credit Auto Lease Trust 2020-B), Servicing Agreement (Ford Credit Auto Lease Trust 2020-B)

Reference Pool Servicing Fee. As compensation for performing its obligations under the Servicing Agreement and this Supplement relating to the 20__-__ 2021-A Reference Pool, the Servicer will be paid the Reference Pool Servicing Fee. (i) The "Reference Pool Servicing Fee" will, for a Payment DateCollection Period, be an amount equal to the sum of (A) the product of: (1) one-twelfth of 1.00%; times (2) the Pool Balance as of the last day of the related prior Collection Period (or the Cutoff Date for the first Payment DateCollection Period), plus (B) the portion of the Reference Pool Servicing Fee for the prior Payment DateCollection Period, if any, that was not paid on that the related Payment Date. (ii) The Reference Pool Servicing Fee will be payable solely from, and the right of the Servicer to receive the Reference Pool Servicing Fee will be limited in recourse to, the 20__-__ 2021-A Collections and other amounts applied to the payment of that fee under the Exchange Note Supplement.

Appears in 2 contracts

Sources: Servicing Agreement (Ford Credit Auto Lease Trust 2021-A), Servicing Agreement (Ford Credit Auto Lease Trust 2021-A)

Reference Pool Servicing Fee. As compensation for performing its obligations under the Servicing Agreement and this Supplement relating to the 20__-__ 2023-B Reference Pool, the Servicer will be paid the Reference Pool Servicing Fee. (i) The "Reference Pool Servicing Fee" will, for a Payment Date, be an amount equal to the sum of (A) the product of: (1) one-twelfth of 1.00%; times (2) the Pool Balance as of the last day of the related Collection Period (or the Cutoff Date for the first Payment Date), plus (B) the portion of the Reference Pool Servicing Fee for the prior Payment Date, if any, that was not paid on that Payment Date. (ii) The Reference Pool Servicing Fee will be payable solely from, and the right of the Servicer to receive the Reference Pool Servicing Fee will be limited in recourse to, the 20__-__ 2023-B Collections and other amounts applied to the payment of that fee under the Exchange Note Supplement.

Appears in 2 contracts

Sources: Servicing Supplement (Ford Credit Auto Lease Trust 2023-B), Servicing Agreement (Ford Credit Auto Lease Trust 2023-B)

Reference Pool Servicing Fee. As compensation for performing its obligations under the Servicing Agreement and this Supplement relating to the 20__-__ 2019-A Reference Pool, the Servicer will be paid the Reference Pool Servicing Fee. (i) The "Reference Pool Servicing Fee" will, for a Payment DateCollection Period, be an amount equal to the sum of (A) the product of: (1) one-twelfth of 1.00%; times (2) the Pool Balance as of the last day of the related prior Collection Period (or the Cutoff Date for the first Payment DateCollection Period), plus (B) the portion of the Reference Pool Servicing Fee for the prior Payment DateCollection Period, if any, that was not paid on that the related Payment Date. (ii) The Reference Pool Servicing Fee will be payable solely from, and the right of the Servicer to receive the Reference Pool Servicing Fee will be limited in recourse to, the 20__-__ 2019-A Collections and other amounts applied to the payment of that fee under the Exchange Note Supplement.

Appears in 2 contracts

Sources: Servicing Supplement (Ford Credit Auto Lease Trust 2019-A), Servicing Agreement (Ford Credit Auto Lease Trust 2019-A)

Reference Pool Servicing Fee. As compensation for performing its obligations under the Servicing Agreement and this Supplement relating to the 20__-__ 2023-A Reference Pool, the Servicer will be paid the Reference Pool Servicing Fee. (i) The "Reference Pool Servicing Fee" will, for a Payment Date, be an amount equal to the sum of (A) the product of: (1) one-twelfth of 1.00%; times (2) the Pool Balance as of the last day of the related Collection Period (or the Cutoff Date for the first Payment Date), plus (B) the portion of the Reference Pool Servicing Fee for the prior Payment Date, if any, that was not paid on that Payment Date. (ii) The Reference Pool Servicing Fee will be payable solely from, and the right of the Servicer to receive the Reference Pool Servicing Fee will be limited in recourse to, the 20__-__ 2023-A Collections and other amounts applied to the payment of that fee under the Exchange Note Supplement.

Appears in 2 contracts

Sources: Servicing Agreement (Ford Credit Auto Lease Trust 2023-A), Servicing Agreement (Ford Credit Auto Lease Trust 2023-A)

Reference Pool Servicing Fee. As compensation for performing its obligations under the Servicing Agreement and this Supplement relating to the 20__-__ 2024-B Reference Pool, the Servicer will be paid the Reference Pool Servicing Fee. (i) The "Reference Pool Servicing Fee" will, for a Payment Date, be an amount equal to the sum of (A) the product of: (1) one-twelfth of 1.00%; times (2) the Pool Balance as of the last day of the related Collection Period (or the Cutoff Date for the first Payment Date), plus (B) the portion of the Reference Pool Servicing Fee for the prior Payment Date, if any, that was not paid on that Payment Date. (ii) The Reference Pool Servicing Fee will be payable solely from, and the right of the Servicer to receive the Reference Pool Servicing Fee will be limited in recourse to, the 20__-__ 2024-B Collections and other amounts applied to the payment of that fee under the Exchange Note Supplement.

Appears in 2 contracts

Sources: Servicing Agreement (Ford Credit Auto Lease Trust 2024-B), Servicing Agreement (Ford Credit Auto Lease Trust 2024-B)

Reference Pool Servicing Fee. As compensation for performing its obligations under the Servicing Agreement and this Supplement relating to the 20__-__ 2021-B Reference Pool, the Servicer will be paid the Reference Pool Servicing Fee. (i) The "Reference Pool Servicing Fee" will, for a Payment DateCollection Period, be an amount equal to the sum of (A) the product of: (1) one-twelfth of 1.00%; times (2) the Pool Balance as of the last day of the related prior Collection Period (or the Cutoff Date for the first Payment DateCollection Period), plus (B) the portion of the Reference Pool Servicing Fee for the prior Payment DateCollection Period, if any, that was not paid on that the related Payment Date. (ii) The Reference Pool Servicing Fee will be payable solely from, and the right of the Servicer to receive the Reference Pool Servicing Fee will be limited in recourse to, the 20__-__ 2021-B Collections and other amounts applied to the payment of that fee under the Exchange Note Supplement.

Appears in 2 contracts

Sources: Servicing Supplement (Ford Credit Auto Lease Trust 2021-B), Servicing Agreement (Ford Credit Auto Lease Trust 2021-B)

Reference Pool Servicing Fee. As compensation for performing its obligations under the Servicing Agreement and this Supplement relating to the 20__-__ 2024-A Reference Pool, the Servicer will be paid the Reference Pool Servicing Fee. (i) The "Reference Pool Servicing Fee" will, for a Payment Date, be an amount equal to the sum of (A) the product of: (1) one-twelfth of 1.00%; times (2) the Pool Balance as of the last day of the related Collection Period (or the Cutoff Date for the first Payment Date), plus (B) the portion of the Reference Pool Servicing Fee for the prior Payment Date, if any, that was not paid on that Payment Date. (ii) The Reference Pool Servicing Fee will be payable solely from, and the right of the Servicer to receive the Reference Pool Servicing Fee will be limited in recourse to, the 20__-__ 2024-A Collections and other amounts applied to the payment of that fee under the Exchange Note Supplement.

Appears in 2 contracts

Sources: Servicing Supplement (Ford Credit Auto Lease Trust 2024-A), Servicing Agreement (Ford Credit Auto Lease Trust 2024-A)

Reference Pool Servicing Fee. As compensation for performing its obligations under the Servicing Agreement and this Supplement relating to the 20__-__ 2025-B Reference Pool, the Servicer will be paid the Reference Pool Servicing Fee. (i) The "Reference Pool Servicing Fee" will, for a Payment Date, be an amount equal to the sum of (A) the product of: (1) one-twelfth of 1.00%; times (2) the Pool Balance as of the last day of the related Collection Period (or the Cutoff Date for the first Payment Date), plus (B) the portion of the Reference Pool Servicing Fee for the prior Payment Date, if any, that was not paid on that Payment Date. (ii) The Reference Pool Servicing Fee will be payable solely from, and the right of the Servicer to receive the Reference Pool Servicing Fee will be limited in recourse to, the 20__-__ 2025-B Collections and other amounts applied to the payment of that fee under the Exchange Note Supplement.

Appears in 2 contracts

Sources: Servicing Supplement (Ford Credit Auto Lease Trust 2025-B), Servicing Supplement (Ford Credit Auto Lease Trust 2025-B)

Reference Pool Servicing Fee. As compensation for performing its obligations under the Servicing Agreement and this Supplement relating to the 20__-__ 2018-B Reference Pool, the Servicer will be paid the Reference Pool Servicing Fee. (i) The "Reference Pool Servicing Fee" will, for a Payment DateCollection Period, be an amount equal to the sum of (A) the product of: (1) one-twelfth of 1.00%; times (2) the Pool Balance as of the last day of the related prior Collection Period (or the Cutoff Date for the first Payment DateCollection Period), plus (B) the portion of the Reference Pool Servicing Fee for the prior Payment DateCollection Period, if any, that was not paid on that the related Payment Date. (ii) The Reference Pool Servicing Fee will be payable solely from, and the right of the Servicer to receive the Reference Pool Servicing Fee will be limited in recourse to, the 20__-__ 2018-B Collections and other amounts applied to the payment of that fee under the Exchange Note Supplement.

Appears in 2 contracts

Sources: Servicing Agreement (Ford Credit Auto Lease Trust 2018-B), Servicing Agreement (Ford Credit Auto Lease Trust 2018-B)

Reference Pool Servicing Fee. As compensation for performing its obligations under the Servicing Agreement and this Supplement relating to the 20__-__ 2026-A Reference Pool, the Servicer will be paid the Reference Pool Servicing Fee. (i) The "Reference Pool Servicing Fee" will, for a Payment Date, be an amount equal to the sum of (A) the product of: (1) one-twelfth of 1.00%; times (2) the Pool Balance as of the last day of the related Collection Period (or the Cutoff Date for the first Payment Date), plus (B) the portion of the Reference Pool Servicing Fee for the prior Payment Date, if any, that was not paid on that Payment Date. (ii) The Reference Pool Servicing Fee will be payable solely from, and the right of the Servicer to receive the Reference Pool Servicing Fee will be limited in recourse to, the 20__-__ 2026-A Collections and other amounts applied to the payment of that fee under the Exchange Note Supplement.

Appears in 2 contracts

Sources: Servicing Supplement (Ford Credit Auto Lease Trust 2026-A), Servicing Supplement (Ford Credit Auto Lease Trust 2026-A)

Reference Pool Servicing Fee. As compensation for performing its obligations under the Servicing Agreement and this Supplement relating to the 20__-__ 2025-A Reference Pool, the Servicer will be paid the Reference Pool Servicing Fee. (i) The "Reference Pool Servicing Fee" will, for a Payment Date, be an amount equal to the sum of (A) the product of: (1) one-twelfth of 1.00%; times (2) the Pool Balance as of the last day of the related Collection Period (or the Cutoff Date for the first Payment Date), plus (B) the portion of the Reference Pool Servicing Fee for the prior Payment Date, if any, that was not paid on that Payment Date. (ii) The Reference Pool Servicing Fee will be payable solely from, and the right of the Servicer to receive the Reference Pool Servicing Fee will be limited in recourse to, the 20__-__ 2025-A Collections and other amounts applied to the payment of that fee under the Exchange Note Supplement.

Appears in 2 contracts

Sources: Servicing Supplement (Ford Credit Auto Lease Trust 2025-A), Servicing Supplement (Ford Credit Auto Lease Trust 2025-A)

Reference Pool Servicing Fee. As compensation for performing its obligations under the Servicing Agreement and this Supplement relating to the 20__-__ 2020-A Reference Pool, the Servicer will be paid the Reference Pool Servicing Fee. (i) The "Reference Pool Servicing Fee" will, for a Payment DateCollection Period, be an amount equal to the sum of (A) the product of: (1) one-twelfth of 1.00%; times (2) the Pool Balance as of the last day of the related prior Collection Period (or the Cutoff Date for the first Payment DateCollection Period), plus (B) the portion of the Reference Pool Servicing Fee for the prior Payment DateCollection Period, if any, that was not paid on that the related Payment Date. (ii) The Reference Pool Servicing Fee will be payable solely from, and the right of the Servicer to receive the Reference Pool Servicing Fee will be limited in recourse to, the 20__-__ 2020-A Collections and other amounts applied to the payment of that fee under the Exchange Note Supplement.

Appears in 2 contracts

Sources: Servicing Supplement (Ford Credit Auto Lease Trust 2020-A), Servicing Agreement (Ford Credit Auto Lease Trust 2020-A)

Reference Pool Servicing Fee. As compensation for performing its obligations under the Servicing Agreement and this Supplement relating to the 20__-__ 2026-B Reference Pool, the Servicer will be paid the Reference Pool Servicing Fee. (i) The "Reference Pool Servicing Fee" will, for a Payment Date, be an amount equal to the sum of (A) the product of: (1) one-twelfth of 1.00%; times (2) the Pool Balance as of the last day of the related Collection Period (or the Cutoff Date for the first Payment Date), plus (B) the portion of the Reference Pool Servicing Fee for the prior Payment Date, if any, that was not paid on that Payment Date. (ii) The Reference Pool Servicing Fee will be payable solely from, and the right of the Servicer to receive the Reference Pool Servicing Fee will be limited in recourse to, the 20__-__ 2026-B Collections and other amounts applied to the payment of that fee under the Exchange Note Supplement.

Appears in 1 contract

Sources: Servicing Supplement (Ford Credit Auto Lease Trust 2026-B)