Common use of Revolving Facility Pool Servicing Fee Clause in Contracts

Revolving Facility Pool Servicing Fee. The Holder of the Mercedes-Benz Retail Specified Interest Certificate will pay, or cause to be paid, to the Servicer the Revolving Facility Pool Servicing Fee in consideration for, among other things, (i) servicing the Revolving Facility Pool, (ii) the allocable cost of maintaining Insurance Policies pursuant to Section 3.07 and (iii) paying the fees and expenses set forth in Section 3.09(d), in each case relating to the Revolving Facility Pool. The Revolving Facility Pool Servicing Fee will be payable solely from, and the right of the Servicer to receive the Revolving Facility Pool Servicing Fee will be limited in recourse to, the Collections and other amounts applied to the payment of such fee pursuant to the Collateral Agency Agreement.

Appears in 2 contracts

Sources: Servicing Agreement (Mercedes-Benz Auto Lease Trust 2023-A), Servicing Agreement (Mercedes-Benz Auto Lease Trust 2023-A)