Common use of Benchmark Replacement Adjustment Clause in Contracts

Benchmark Replacement Adjustment. The first alternative set forth in the order below that can be determined by the Issuing Entity as of the Benchmark Replacement Date:

Appears in 2 contracts

Sources: Receivables Purchase Agreement (Carvana Receivables Depositor LLC), Receivables Purchase Agreement (Carvana Receivables Depositor LLC)

Benchmark Replacement Adjustment. The first alternative set forth in the order below that can be determined by the Issuing Entity Administrator as of the Benchmark Replacement Date:

Appears in 1 contract

Sources: Servicing Agreement (Ally Auto Assets LLC)