Definition of 2018-3 Exchange Note Assets


2018-3 Exchange Note Assets means as of any date, the Collateral Lease Agreements and Collateral Leased Vehicles allocated to the 2018-3 Designated Pool and the related rights with respect thereto.

Examples of 2018-3 Exchange Note Assets in a sentence

All reasonable costs and expenses incurred in connection with transferring the servicing of the 2018-3 Exchange Note Assets to the successor Servicer and amending this agreement to reflect such succession as Servicer pursuant to this Section shall be paid by the predecessor Servicer upon presentation of reasonable documentation of such costs and expenses.
In the event of any actual conflict between the provisions of this 2018-3 Servicing Supplement and the Basic Servicing Agreement, with respect to the servicing of any 2018-3 Exchange Note Assets, the provisions of this 2018-3 Servicing Supplement shall prevail.
In addition to the requirements set forth in Section 2.14 of the Basic Servicing Agreement, upon learning of a Claim or Lien of whatever kind of a third party that would be likely to have a material adverse effect on the interests of the Depositor or the Issuer with respect to the 2018-3 Exchange Note Assets, the Servicer shall immediately notify the Depositor, the Indenture Trustee and the Noteholders of any such Claim or Lien.
On the Closing Date, the Servicer shall identify as 2018-3 Exchange Note Assets the Lease Agreements and the Leased Vehicles relating to such Lease Agreements listed on the Schedule of 2018-3 Lease Agreements and 2018-3 Leased Vehicles attached as Schedule A to the 2018-3 Exchange Note Supplement.