{"component": "definition", "props": {"groups": [{"samples": [{"hash": "5OJoMPTDOhL", "uri": "/contracts/5OJoMPTDOhL#securitization-rate", "label": "Agreement of Definitions (Nissan Auto Leasing LLC Ii)", "score": 30.5715255737, "published": true}, {"hash": "48vY6mrmosh", "uri": "/contracts/48vY6mrmosh#securitization-rate", "label": "Agreement of Definitions (Nissan Auto Leasing LLC Ii)", "score": 30.5414104462, "published": true}, {"hash": "6wjpVII4Qpe", "uri": "http://edgar.secdatabase.com/695/119312519196596/filing-main.htm", "label": "Auto Lease", "score": 14.1704311371, "published": false}], "size": 71, "snippet": "means, with respect to a 2019-B Lease, an annualized rate that is equal to 7.00%.", "snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [7, 22]}, {"key": "equal-to", "type": "definition", "offset": [66, 74]}], "hash": "c59757902fc1767ff4c5357dc4c7d1b5", "id": 1}, {"samples": [{"hash": "3UtpGjxAiTL", "uri": "https://www.sec.gov/Archives/edgar/data/1443836/000110465922056552/tm2214168d1_ex4-1.htm", "label": "Indenture (World Omni LT)", "score": 24.3394927979, "published": false}, {"hash": "5fQgqmUxbnH", "uri": "https://www.sec.gov/Archives/edgar/data/1202610/000110465924102746/tm2424610d1_ex4-1.htm", "label": "Auto Lease (Vw Credit Leasing LTD)", "score": 23.7323741913, "published": false}, {"hash": "ep5hpIMxGqF", "uri": "https://www.sec.gov/Archives/edgar/data/1202610/000110465924067056/tm2415780d1_ex4-1.htm", "label": "Auto Lease (Vw Credit Leasing LTD)", "score": 23.4120464325, "published": false}], "size": 46, "snippet": "means, with respect to any Included Unit, [ ]%.", "snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [7, 22]}], "hash": "5c86f1a124d971b49fc9414604141513", "id": 2}, {"samples": [{"hash": "jjl43wAcehS", "uri": "/contracts/jjl43wAcehS#securitization-rate", "label": "Servicing Supplement (Financial Services Vehicle Trust)", "score": 32.8548927307, "published": true}, {"hash": "1ls2MfxgxLm", "uri": "/contracts/1ls2MfxgxLm#securitization-rate", "label": "Servicing Supplement (Financial Services Vehicle Trust)", "score": 29.7474327087, "published": true}, {"hash": "axZQsvhkcFK", "uri": "/contracts/axZQsvhkcFK#securitization-rate", "label": "Servicing Supplement (Financial Services Vehicle Trust)", "score": 26.7659130096, "published": true}], "size": 36, "snippet": "means, with respect to a 20[__]-[__] Lease, an annualized rate that is the greater of (a) the Lease Rate for that 20[__]-[__] Lease and (b) the Discount Rate.", "snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [7, 22]}, {"key": "lease-rate", "type": "definition", "offset": [94, 104]}, {"key": "discount-rate", "type": "definition", "offset": [144, 157]}], "hash": "e7dad2a68610ce12fb60ab5f3e1fee66", "id": 3}, {"samples": [{"hash": "kCc6dVWQ0BG", "uri": "/contracts/kCc6dVWQ0BG#securitization-rate", "label": "Servicing Supplement (Mercedes-Benz Auto Lease Trust 2020-A)", "score": 31.0807666779, "published": true}, {"hash": "jjaNAhyN7Ho", "uri": "/contracts/jjaNAhyN7Ho#securitization-rate", "label": "Servicing Supplement (Mercedes-Benz Auto Lease Trust 2020-A)", "score": 31.0588645935, "published": true}], "size": 33, "snippet": "means, for any 2020-A Lease and the related 2020-A Vehicle, the greater of (i) the Contract Rate set forth in the related lease agreement and (ii) 7.65%.", "snippet_links": [{"key": "the-contract-rate", "type": "definition", "offset": [79, 96]}, {"key": "lease-agreement", "type": "clause", "offset": [122, 137]}], "hash": "0dc06d3a95bee10b808d10401ee7af82", "id": 4}, {"samples": [{"hash": "35DKginNNyK", "uri": "/contracts/35DKginNNyK#securitization-rate", "label": "Servicing Supplement (BMW Vehicle Lease Trust 2010-1)", "score": 19.7255306244, "published": true}, {"hash": "2RLH2q10XGM", "uri": "/contracts/2RLH2q10XGM#securitization-rate", "label": "Servicing Supplement (BMW Vehicle Lease Trust 2010-1)", "score": 19.7200546265, "published": true}], "size": 24, "snippet": "means, with respect to a 2010-1 Lease, an annualized rate that is the Discount Rate.", "snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [7, 22]}, {"key": "discount-rate", "type": "definition", "offset": [70, 83]}], "hash": "ee4b61ded65e5d127fc0783dc25f19ad", "id": 5}, {"samples": [{"hash": "19EH0Sn37xQ", "uri": "/contracts/19EH0Sn37xQ#securitization-rate", "label": "Servicing Supplement (Daimler Trust)", "score": 27.1081447601, "published": true}, {"hash": "fe5EeaT07m0", "uri": "/contracts/fe5EeaT07m0#securitization-rate", "label": "Servicing Supplement (Daimler Trust)", "score": 27.0533885956, "published": true}, {"hash": "7Cm0bad6BqI", "uri": "/contracts/7Cm0bad6BqI#securitization-rate", "label": "Servicing Supplement (Daimler Trust)", "score": 26.1362075806, "published": true}], "size": 15, "snippet": "means, for any 201[__]-[__] Lease and the related 201[__]-[__] Vehicle, the greater of (i) the Contract Rate set forth in the related lease agreement and (ii) ____%.", "snippet_links": [{"key": "the-contract-rate", "type": "definition", "offset": [91, 108]}, {"key": "lease-agreement", "type": "clause", "offset": [134, 149]}], "hash": "5bdc10e66d88e0848ffc3a8c0fd2a2cf", "id": 6}, {"samples": [{"hash": "8n0fmzyqUdp", "uri": "https://www.sec.gov/Archives/edgar/data/1823672/000110465920114833/tm2031861d11_ex4-1.htm", "label": "Indenture (World Omni Automobile Lease Securitization Trust 2020-B)", "score": 20.7843933105, "published": false}, {"hash": "l6F7J8Fz48U", "uri": "https://www.sec.gov/Archives/edgar/data/1823672/000110465920113372/tm2032654d1_ex4-1.htm", "label": "Indenture (World Omni Automobile Lease Securitization Trust 2020-B)", "score": 20.7679672241, "published": false}, {"hash": "hr0v5YAXROP", "uri": "https://www.sec.gov/Archives/edgar/data/1443836/000114420417014652/v461460_ex4-1.htm", "label": "Indenture (World Omni LT)", "score": 19.200548172, "published": false}], "size": 10, "snippet": "means, with respect to any Included Unit, 5.50%.", "snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [7, 22]}], "hash": "c64abcf0a39487b5a29a4b186dbc0952", "id": 7}, {"samples": [{"hash": "97WooEMLPXg", "uri": "/contracts/97WooEMLPXg#securitization-rate", "label": "Indenture (World Omni LT)", "score": 37.2272415161, "published": true}, {"hash": "fp3cIJs8PzJ", "uri": "/contracts/fp3cIJs8PzJ#securitization-rate", "label": "Indenture (World Omni LT)", "score": 37.2108154297, "published": true}, {"hash": "47lRyqnmz3D", "uri": "https://www.sec.gov/Archives/edgar/data/1182534/000110465925060228/tm2516914d18_ex4-1.htm", "label": "Trust Indenture (Volkswagen Auto Lease/Loan Underwritten Funding, LLC)", "score": 24.4579048157, "published": false}], "size": 6, "snippet": "means, with respect to any Included Unit, 10.00%.", "snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [7, 22]}], "hash": "6d890edb6e4033648fc1d179fec4d3f1", "id": 8}, {"samples": [{"hash": "hMpbei4GsSz", "uri": "/contracts/hMpbei4GsSz#securitization-rate", "label": "Administration Supplement (Ryder Truck Rental I Lp)", "score": 18.0, "published": true}, {"hash": "1LuF4zdFDjg", "uri": "/contracts/1LuF4zdFDjg#securitization-rate", "label": "Administration Supplement (Ryder Truck Rental I Lp)", "score": 18.0, "published": true}], "size": 5, "snippet": "means, with respect to a 1999-A Lease, an annualized rate that is calculated as the sum of (i) the weighted average interest rate on the Securities on the Closing Date, (ii) the Administration Fee and (iii) 0.50%.", "snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [7, 22]}, {"key": "sum-of", "type": "clause", "offset": [84, 90]}, {"key": "weighted-average-interest-rate", "type": "clause", "offset": [99, 129]}, {"key": "the-securities", "type": "definition", "offset": [133, 147]}, {"key": "the-closing-date", "type": "clause", "offset": [151, 167]}, {"key": "the-administration-fee", "type": "clause", "offset": [174, 196]}], "hash": "b1d32c0d4345a013127ca415578fdac7", "id": 9}, {"samples": [{"hash": "d6IVicKD7XQ", "uri": "https://www.sec.gov/Archives/edgar/data/1443836/000110465923064039/tm2316613d1_ex4-1.htm", "label": "Trust Indenture (World Omni LT)", "score": 22.3908290863, "published": false}, {"hash": "iaNfyeJ1coN", "uri": "https://www.sec.gov/Archives/edgar/data/1443836/000110465923062254/tm2316112d1_ex4-1.htm", "label": "Trust Indenture (World Omni LT)", "score": 22.3744010925, "published": false}], "size": 5, "snippet": "means, with respect to any Included Unit, 11.00%.", "snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [7, 22]}], "hash": "8bf1401c5c54bec94e015a1585f477d6", "id": 10}], "next_curs": "CmASWmoVc35sYXdpbnNpZGVyY29udHJhY3RzcjwLEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIcc2VjdXJpdGl6YXRpb24tcmF0ZSMwMDAwMDAwYQyiAQJlbhgAIAA=", "definition": {"size": 277, "snippet": "means, with respect to a 2019-B Lease, an annualized rate that is equal to 7.00%.", "title": "Securitization Rate", "id": "securitization-rate", "examples": ["In addition, so long as any of the Securitization Bonds are outstanding, the Servicer shall provide the Issuer and the Indenture Trustee, within a reasonable time after written request therefor, any information available to the Servicer or reasonably obtainable by it that is necessary to calculate the Securitization Charges applicable to each <strong>Securitization Rate</strong> Class.", "The aggregate of such products for all <strong>Securitization Rate</strong> Classes constitutes the Daily Remittance for such Servicer Business Day.", "Each Servicer Business Day, after giving effect to collections (including Securitization Charge Collections) on such Servicer Business Day, the total collections for each <strong>Securitization Rate</strong> Class are multiplied by the prior Billing Period\u2019s Securitization Ratio for such <strong>Securitization Rate</strong> Class.", "For an entire Billing Period, the total Billed Securitization Charges for each <strong>Securitization Rate</strong> Class are divided by the total charges billed by the Servicer (and Consumers Energy) for each <strong>Securitization Rate</strong> Class, creating the \u201cSecuritization Ratio\u201d for each such <strong>Securitization Rate</strong> Class.", "Each Servicer Business Day, a file is created from the billing systems containing the billing data (i.e. <strong>Securitization Rate</strong> Class, total charges billed, total Securitization Charges billed and total kilowatt-hours delivered), and a file is created with collection data (i.e. total collections by <strong>Securitization Rate</strong> Class).", "Each Servicer Business Day, a file is created with collection data (i.e. total collections by <strong>Securitization Rate</strong> Class).", "Each Billing Period, a file is created from the billing systems containing the prior Billing Period\u2019s billing data (i.e. <strong>Securitization Rate</strong> Class, total charges billed and total Securitization Charges billed).", "In addition to its obligations under Section 5.02(d), the Servicer shall, at its own expense, institute any action or proceeding necessary to compel performance by the Commission or the State of Michigan of any of their respective obligations or duties under the Statute and the Financing Order with respect to the Securitization Property and to compel performance by applicable parties under the Tariff or any agreement with the Servicer entered into pursuant to the <strong>Securitization Rate</strong> Schedule or Tariff.", "In addition, so long as any of the Securitization Bonds are outstanding, the Servicer shall provide the Issuer and the Indenture Trustee, within a reasonable time after written request therefor, any information available to the Servicer or reasonably obtainable by it that is necessary to calculate each of the Distribution Securitization Charges and Power Supply Securitization Charges applicable to each Distribution <strong>Securitization Rate</strong> Class or Power Supply <strong>Securitization Rate</strong> Class, respectively."], "related": [["securitization-date", "Securitization Date", "Securitization Date"], ["securitization-asset", "Securitization Asset", "Securitization Asset"], ["securitization-value", "Securitization Value", "Securitization Value"], ["securitization-assets", "Securitization Assets", "Securitization Assets"], ["note-a-4-securitization-date", "Note A-4 Securitization Date", "Note A-4 Securitization Date"]], "related_snippets": [], "updated": "2026-04-24T04:48:06+00:00"}, "json": true, "cursor": ""}}