Servicing Supplement definition

Servicing Supplement means this 2024-2 servicing supplement to the Basic Servicing Agreement.

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Servicing Supplement means the 2017-A Servicing Supplement, dated as of the Cutoff Date, to the Servicing Agreement.

Servicing Supplement means the 2024-1 Servicing Supplement, dated as of the Closing Date, among the Servicer, Financial Services Vehicle Trust and BMW Manufacturing L.P., as the same may be amended, supplemented or modified from time to time.

Examples of Servicing Supplement in a sentence

• The Owner Trustee on behalf of the Issuer will not execute, or consent to, an amendment to the Credit and Security Agreement, the Exchange Note Supplement, the Servicing Agreement, the Servicing Supplement, the Indenture or the Administration Agreement that would materially adversely affect the holder of the Residual Interest without its consent.

• The Depositor acknowledges the engagement of Ford Credit as Servicer of the Leases and Leased Vehicles in the 2026-A Reference Pool under the Servicing Supplement and the Servicing Agreement.

• The Notes may be redeemed in whole, but not in part, at the direction of the Servicer on any Payment Date on which the Servicer exercises its option to purchase the 2026-A Exchange Note under Section 6.1 of the Servicing Supplement.

• If Ford Credit is the Servicer, the Depositor may cause the Administrative Reallocation Amount to be paid according to Section 4.3(c) of the Servicing Supplement.

• If a Reference Pool Servicer Termination Event results from the failure of the Servicer to perform its obligations under the Servicing Supplement and the Servicing Agreement, the Issuer will take reasonable steps available to cause the Servicer to correct the failure.

More Definitions of Servicing Supplement

Servicing Supplement has the meaning specified in the Recitals of the Basic Servicing Agreement.

Servicing Supplement means the 2025-B Servicing Supplement.

Servicing Supplement means the supplement to the Servicing Agreement, dated as of the October 1, 2011, among Ford Credit, as Servicer for the Collateral Specified Interests and the 2011-B Reference Pool and as lender, HTD, as Collateral Agent, and the Holding Companies, as Holders of the Collateral Specified Interest Certificates.

Servicing Supplement means that certain 2016-1 servicing supplement to the Basic Servicing Agreement, dated as of February 17, 2016, among the parties to the Basic Servicing Agreement.

Servicing Supplement means that certain 2024-2 servicing supplement to the Basic Servicing Agreement, dated as of October 7, 2024, among the parties to the Basic Servicing Agreement.

Servicing Supplement means this 20[__]-[__] servicing supplement to the Basic Servicing Agreement.

Servicing Supplement means the 20__-__ Servicing Supplement, dated as of the Cutoff Date, to the Servicing Agreement.