Common use of Servicing Supplement Clause in Contracts

Servicing Supplement. In connection with the issuance of an Exchange Note pursuant to Section 4.01(a) of the Collateral Agency Agreement, the parties hereto may enter into a supplement to this Agreement (each, a “Servicing Supplement”) that sets forth specific rights and duties of the Servicer and other agreements and undertakings with respect to the administration and servicing of the Leases and Vehicles included in the related Reference Pool, including: (a) the representations and warranties, if any, to be made by the Servicer with respect to such Leases and Vehicles; (b) the indemnification by the Servicer of the related Exchange Noteholder, any owner trustee or administrator of the related Exchange Noteholder, any indenture trustee, note purchaser, agent or underwriter with respect to debt obligations issued by an Exchange Noteholder and secured by an Exchange Note, the respective officers, directors, employees and agents of such Persons and any other Person that the Servicer agrees to indemnify, in each case with respect to the servicing of the related Reference Pool; (c) the rate and any other terms with respect to the related Reference Pool Servicing Fee; (d) the manner in which the Servicer will service and administer such Leases and Vehicles; (e) the purchase of a Lease (and all related Vehicles) or other remedy to be provided by the Servicer upon the breach by the Servicer of a representation, warranty or covenant with respect to such Lease (or any related Vehicle); and (f) reporting obligations of the Servicer with respect to the related Reference Pool.