Basic Servicing Agreement definition
Examples of Basic Servicing Agreement in a sentence
Any notice or certificate received by the Servicer or delivered by the Servicer under the Basic Servicing Agreement relating to the 2026-A Reference Pool will be forwarded by the Servicer to the Indenture Trustee within five Business Days of delivery or receipt thereof by the Servicer.
Except as otherwise set forth in the 2026-A Basic Documents, 2026-A ABS Notes so owned by or pledged to the Servicer or such Affiliate will have an equal and proportionate benefit under the Basic Servicing Agreement and this 2026-A Servicing Supplement.
Notwithstanding the provisions of Section 5.03(b) of the Basic Servicing Agreement, investment earnings on funds on deposit in the 2026-A Bank Accounts shall constitute 2026-A Available Collections and, on or before each Payment Date, the Indenture Trustee shall deposit such investment earnings, net of any applicable investment losses and expenses, into the 2026-A Exchange Note Collection Account.
The 2026-A Bank Accounts will only be established at a depository institution or trust company that complies with the requirements set forth in Section 5.02(d) of the Basic Servicing Agreement.
All covenants and agreements in the Basic Servicing Agreement, as supplemented by this 2026-A Servicing Supplement, shall be binding upon, and inure to the benefit of, the parties hereto and their successors and assigns.