Basic Servicing Agreement definition

Basic Servicing Agreement has the meaning set forth in the Recitals.

Basic Servicing Agreement means that certain servicing agreement, dated as of August 30, 1995, between the Vehicle Trust, BMW Manufacturing L.P. and BMW FS, as servicer.

Basic Servicing Agreement means the Amended and Restated Servicing Agreement, dated as of March 1, 2009, among MBFS USA, as lender and as servicer, Daimler Trust, as titling trust, and Daimler Title Co., as collateral agent.

Examples of Basic Servicing Agreement in a sentence

• Notwithstanding any provision of the Basic Servicing Agreement, the Basic Servicing Agreement, as supplemented by this 2019-B Servicing Supplement, to the extent that it relates solely to the 2019-B SUBI and the 2019-B SUBI Assets, may be amended in accordance with this Section 9.03.

• Each member of the Active Staff will be eligible to vote on the proposed amendment(s) via printed or electronic ballot.

• Upon any termination of the rights and powers of the Servicer or the resignation of the Servicer pursuant to the Basic Servicing Agreement or any Servicing Supplement, the Borrower shall promptly notify the Collateral Agent.

• The 2016-B 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.

• This 2016-B Servicing Supplement will be terminated in the event that the Basic Servicing Agreement is terminated in accordance therewith and may also be 7 terminated at the option of the Servicer or the Titling Trust at any time following the payment in full of the 2016-B Exchange Note; provided, that the rights and obligations of the parties under Section 3.04 will survive any such termination.

More Definitions of Basic Servicing Agreement

Basic Servicing Agreement means the amended and restated servicing agreement, dated as of March 1, 2009, among MBFS USA, as servicer and as lender, Daimler Trust, as titling trust, and Daimler Title Co., as collateral agent.

Basic Servicing Agreement means the servicing agreement, dated as of March 1, 1999, as amended by the First Amendment to Servicing Agreement, dated as of January 3, 2001, among the Titling Trust, the UTI Beneficiary, and the Servicer.

Basic Servicing Agreement means that certain Servicing Agreement, dated as of August 30, 1995, between BMW FS, as servicer, BMW Manufacturing L.P. and Financial Services Vehicle Trust.

Basic Servicing Agreement means the Third Amended and Restated Servicing Agreement, dated as of January 18, 2018, as the same may be further amended, restated, supplemented or otherwise modified from time to time, among the Titling Trust, AmeriCredit, the Settlor and the Collateral Agent.

Basic Servicing Agreement means the servicing agreement, dated as of March 1, 1999, among the Titling Trust, NILT Trust, the UTI Beneficiary, and NMAC, as servicer.

Basic Servicing Agreement means the Second Amended and Restated Servicing Agreement, dated as of May 1, 2023, among MBFS USA, as lender and as servicer, Mercedes-Benz Vehicle Trust (as successor to Daimler Trust), as titling trust, U.S. Bank Trust National Association, as administrative agent, and Collateral Title Co. (formerly known (prior to February 1, 2023) as Daimler Title Co.), as collateral agent.

Basic Servicing Agreement means the Amended and Restated Servicing Agreement, dated as of March 1, 2009, among the Servicer, the Lender, the Titling Trust and the Collateral Agent.