Common use of Advances by the Servicer Clause in Contracts

Advances by the Servicer. The Servicer will make an advance for each Active Lease other than an Advance Payment Plan Lease and each Collection Period if, for such Lease and such Collection Period, the scheduled Base Payment exceeds the sum of (A) Active Lease Proceeds (which may be positive or negative) plus (B) the Payahead Draw, by depositing the amount of such excess (equal to the Active Lease Advance) into the Exchange Note Collection Account on the Business Day preceding the Payment Date immediately following such Collection Period or, with Rating Agency Confirmation, on such Payment Date. However, the Servicer will be required to make Active Lease Advances only to the extent that the Servicer, in its sole discretion, determines that such advances will be recoverable from subsequent 2011-A Collections (whether relating to such Lease and Leased Vehicle or any other Lease or Leased Vehicle) in the manner described in Section 4.3(b).

Appears in 2 contracts

Samples: Servicing Agreement (Ford Credit Auto Lease Trust 2011-A), Servicing Agreement (Ford Credit Auto Lease Trust 2011-A)

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Advances by the Servicer. The Servicer will make an advance for each Active Lease other than an Advance Payment Plan Lease and each Collection Period if, for such Lease and such Collection Period, the scheduled Base Payment exceeds the sum of (A) Active Lease Proceeds (which may be positive or negative) plus (B) the Payahead Draw, by depositing the amount of such excess (equal to the Active Lease Advance) into the Exchange Note Collection Account on the Business Day preceding the Payment Date immediately following such Collection Period or, with satisfaction of the Rating Agency ConfirmationCondition, on such Payment Date. However, the Servicer will be required to make Active Lease Advances only to the extent that the Servicer, in its sole discretion, determines that such advances will be recoverable from subsequent 20112014-A Collections (whether relating to such Lease and Leased Vehicle or any other Lease or Leased Vehicle) in the manner described in Section 4.3(b).

Appears in 2 contracts

Samples: Servicing Agreement (Ford Credit Auto Lease Trust 2014-A), Servicing Agreement (Ford Credit Auto Lease Trust 2014-A)

Advances by the Servicer. The Servicer will make an advance for each Active Lease other than an Advance Payment Plan Lease and each Collection Period if, for such Lease and such Collection Period, the scheduled Base Payment exceeds the sum of (A) Active Lease Proceeds (which may be positive or negative) plus (B) the Payahead Draw, by depositing the amount of such excess (equal to the Active Lease Advance) into the Exchange Note Collection Account on the Business Day preceding the Payment Date immediately following such Collection Period or, with satisfaction of the Rating Agency ConfirmationCondition, on such Payment Date. However, the Servicer will be required to make Active Lease Advances only to the extent that the Servicer, in its sole discretion, determines that such advances will be recoverable from subsequent 20112012-A B Collections (whether relating to such Lease and Leased Vehicle or any other Lease or Leased Vehicle) in the manner described in Section 4.3(b).

Appears in 2 contracts

Samples: Servicing Agreement (Ford Credit Auto Lease Trust 2012-B), Servicing Agreement (Ford Credit Auto Lease Trust 2012-B)

Advances by the Servicer. The Servicer will make an advance for each Active Lease other than an Advance Payment Plan Lease and each Collection Period if, for such Lease and such Collection Period, the scheduled Base Payment exceeds the sum of (A) Active Lease Proceeds (which may be positive or negative) plus (B) the Payahead Draw, by depositing the amount of such excess (equal to the Active Lease Advance) into the Exchange Note Collection Account on the Business Day preceding the Payment Date immediately following such Collection Period or, with satisfaction of the Rating Agency ConfirmationCondition, on such Payment Date. However, the Servicer will be required to make Active Lease Advances only to the extent that the Servicer, in its sole discretion, determines that such advances will be recoverable from subsequent 2011-A B Collections (whether relating to such Lease and Leased Vehicle or any other Lease or Leased Vehicle) in the manner described in Section 4.3(b).

Appears in 2 contracts

Samples: Servicing Agreement (Ford Credit Auto Lease Trust 2011-B), Servicing Agreement (Ford Credit Auto Lease Trust 2011-B)

Advances by the Servicer. The Servicer will make an advance for each Active Lease other than an Advance Payment Plan Lease and each Collection Period if, for such Lease and such Collection Period, the scheduled Base Payment exceeds the sum of (A) Active Lease Proceeds (which may be positive or negative) plus (B) the Payahead Draw, by depositing the amount of such excess (equal to the Active Lease Advance) into the Exchange Note Collection Account on the Business Day preceding the Payment Date immediately following such Collection Period or, with satisfaction of the Rating Agency ConfirmationCondition, on such Payment Date. However, the Servicer will be required to make Active Lease Advances only to the extent that the Servicer, in its sole discretion, determines that such advances will be recoverable from subsequent 20112012-A Collections (whether relating to such Lease and Leased Vehicle or any other Lease or Leased Vehicle) in the manner described in Section 4.3(b).

Appears in 2 contracts

Samples: Servicing Agreement (Ford Credit Auto Lease Trust 2012-A), Servicing Agreement (Ford Credit Auto Lease Trust 2012-A)

Advances by the Servicer. The Servicer will make an advance for each Active Lease other than an Advance Payment Plan Lease and each Collection Period if, for such the Lease and such the Collection Period, the scheduled Base Payment exceeds the sum of (A) Active Lease Proceeds (which may be positive or negative) plus (B) the Payahead Draw, by depositing the amount of such the excess (equal to the Active Lease Advance) into in the Exchange Note Collection Account on the Business Day preceding the Payment Date immediately following such the Collection Period or, with satisfaction of the Rating Agency ConfirmationCondition, on such that Payment Date. However, the Servicer will be required to make Active Lease Advances only to the extent that the Servicer, in its sole discretion, determines that such the advances will be recoverable from subsequent 20112015-A Collections (whether relating to such the Lease and Leased Vehicle or any other Lease or Leased Vehicle) in the manner described in Section 4.3(b).

Appears in 2 contracts

Samples: Servicing Agreement (Ford Credit Auto Lease Trust 2015-A), Servicing Agreement (Ford Credit Auto Lease Trust 2015-A)

Advances by the Servicer. The Servicer will make an advance for each Active Lease other than an Advance Payment Plan Lease and each Collection Period if, for such the Lease and such the Collection Period, the scheduled Base Payment exceeds the sum of (A) Active Lease Proceeds (which may be positive or negative) plus (B) the Payahead Draw, by depositing the amount of such the excess (equal to the Active Lease Advance) into in the Exchange Note Collection Account on the Business Day preceding the Payment Date immediately following such the Collection Period or, with satisfaction of the Rating Agency ConfirmationCondition, on such that Payment Date. However, the Servicer will be required to make Active Lease Advances only to the extent that the Servicer, in its sole discretion, determines that such the advances will be recoverable from subsequent 20112015-A B Collections (whether relating to such the Lease and Leased Vehicle or any other Lease or Leased Vehicle) in the manner described in Section 4.3(b).

Appears in 2 contracts

Samples: Servicing Agreement (Ford Credit Auto Lease Trust 2015-B), Servicing Agreement (Ford Credit Auto Lease Trust 2015-B)

Advances by the Servicer. The Servicer will make an advance for each Active Lease other than an Advance Payment Plan Lease and each Collection Period if, for such Lease and such Collection Period, the scheduled Base Payment exceeds the sum of (A) Active Lease Proceeds (which may be positive or negative) plus (B) the Payahead Draw, by depositing the amount of such excess (equal to the Active Lease Advance) into the Exchange Note Collection Account on the Business Day preceding the Payment Date immediately following such Collection Period or, with satisfaction of the Rating Agency ConfirmationCondition, on such Payment Date. However, the Servicer will be required to make Active Lease Advances only to the extent that the Servicer, in its sole discretion, determines that such advances will be recoverable from subsequent 20112013-A Collections (whether relating to such Lease and Leased Vehicle or any other Lease or Leased Vehicle) in the manner described in Section 4.3(b).

Appears in 2 contracts

Samples: Servicing Agreement (Ford Credit Auto Lease Trust 2013-A), Servicing Agreement (Ford Credit Auto Lease Trust 2013-A)

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Advances by the Servicer. The Servicer will make an advance for each Active Lease other than an Advance Payment Plan Lease and each Collection Period if, for such the Lease and such the Collection Period, the scheduled Base Payment exceeds the sum of (A) Active Lease Proceeds (which may be positive or negative) plus (B) the Payahead Draw, by depositing the amount of such the excess (equal to the Active Lease Advance) into in the Exchange Note Collection Account on the Business Day preceding the Payment Date immediately following such the Collection Period or, with satisfaction of the Rating Agency ConfirmationCondition, on such that Payment Date. However, the Servicer will be required to make Active Lease Advances only to the extent that the Servicer, in its sole discretion, determines that such the advances will be recoverable from subsequent 20112014-A B Collections (whether relating to such the Lease and Leased Vehicle or any other Lease or Leased Vehicle) in the manner described in Section 4.3(b).

Appears in 2 contracts

Samples: Servicing Agreement (Ford Credit Auto Lease Trust 2014-B), Servicing Agreement (Ford Credit Auto Lease Trust 2014-B)

Advances by the Servicer. The Servicer will make an advance for each Active Lease other than an Advance Payment Plan Lease and each Collection Period if, for such Lease and such Collection Period, the scheduled Base Payment exceeds the sum of (A) Active Lease Proceeds (which may be positive or negative) plus (B) the Payahead Draw, by depositing the amount of such excess (equal to the Active Lease Advance) into the Exchange Note Collection Account on the Business Day preceding the Payment Date immediately following such Collection Period or, with satisfaction of the Rating Agency ConfirmationCondition, on such Payment Date. However, the Servicer will be required to make Active Lease Advances only to the extent that the Servicer, in its sole discretion, determines that such advances will be recoverable from subsequent 20112013-A B Collections (whether relating to such Lease and Leased Vehicle or any other Lease or Leased Vehicle) in the manner described in Section 4.3(b).

Appears in 2 contracts

Samples: Servicing Agreement (Ford Credit Auto Lease Trust 2013-B), Servicing Agreement (Ford Credit Auto Lease Trust 2013-B)

Advances by the Servicer. The Servicer will make an advance for each Active Lease other than an Advance Payment Plan Lease and each Collection Period if, for such Lease and such Collection Period, the scheduled Base Payment exceeds the sum of (A) Active Lease Proceeds (which may be positive or negative) plus (B) the Payahead Draw, by depositing the amount of such excess (equal to the Active Lease Advance) into the Exchange Note Collection Account on the Business Day preceding the Payment Date immediately following such Collection Period or, with Rating Agency Confirmation, on such Payment Date. However, the Servicer will be required to make Active Lease Advances only to the extent that the Servicer, in its sole discretion, determines that such advances will be recoverable from subsequent 2011-A 20_-__ Collections (whether relating to such Lease and Leased Vehicle or any other Lease or Leased Vehicle) in the manner described in Section 4.3(b).

Appears in 1 contract

Samples: Servicing Agreement (CAB West LLC)

Advances by the Servicer. The Servicer will make an advance for each Active Lease other than an Advance Payment Plan Lease and each Collection Period if, for such the Lease and such the Collection Period, the scheduled Base Payment exceeds the sum of (A) Active Lease Proceeds (which may be positive or negative) plus (B) the Payahead Draw, by depositing the amount of such the excess (equal to the Active Lease Advance) into in the Exchange Note Collection Account on the Business Day preceding the Payment Date immediately following such the Collection Period or, with satisfaction of the Rating Agency ConfirmationCondition, on such that Payment Date. However, the Servicer will be required to make Active Lease Advances only to the extent that the Servicer, in its sole discretion, determines that such the advances will be recoverable from subsequent 2011-A 20__-_ Collections (whether relating to such the Lease and Leased Vehicle or any other Lease or Leased Vehicle) in the manner described in Section 4.3(b).

Appears in 1 contract

Samples: Servicing Agreement (CAB West LLC)

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