Common use of Benchmark Replacement; Benchmark Replacement Conforming Changes Clause in Contracts

Benchmark Replacement; Benchmark Replacement Conforming Changes. Upon receipt of notice from the Trust of the determination of a Benchmark Replacement and/or the making of any Benchmark Replacement Conforming Changes, the Servicer will include in the Servicer’s Certificate any information regarding the Unadjusted Benchmark Replacement, the Benchmark Replacement Adjustment and any such Benchmark Replacement Conforming Changes provided by the Trust.

Appears in 14 contracts

Sources: Sale and Servicing Agreement (Carmax Auto Funding LLC), Sale and Servicing Agreement (Carmax Auto Funding LLC), Sale and Servicing Agreement (Carmax Auto Funding LLC)

Benchmark Replacement; Benchmark Replacement Conforming Changes. Upon receipt of notice from the Trust of the determination by the Servicer of a Benchmark Replacement and/or the making of any Benchmark Replacement Conforming Changes, the Servicer will include in the Servicer’s Certificate any information regarding the Unadjusted Benchmark Replacement, the Benchmark Replacement Adjustment and Adjustment, any such Benchmark Replacement Conforming Changes provided by and the TrustInterest Period in which such Benchmark Replacement will be implemented.

Appears in 11 contracts

Sources: Sale and Servicing Agreement (Afs Sensub Corp.), Sale and Servicing Agreement (AmeriCredit Automobile Receivables Trust 2020-2), Sale and Servicing Agreement (AmeriCredit Automobile Receivables Trust 2020-2)

Benchmark Replacement; Benchmark Replacement Conforming Changes. Upon receipt of notice from the Trust Administrator of the determination of a Benchmark Replacement and/or the making of any Benchmark Replacement Conforming Changes, the Servicer will shall include in the Servicer’s Certificate any information regarding the Unadjusted Benchmark Replacement, the Benchmark Replacement Adjustment Date and any such Benchmark Replacement Conforming Changes provided by the TrustAdministrator.

Appears in 8 contracts

Sources: Sale and Servicing Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Sale and Servicing Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Sale and Servicing Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC)

Benchmark Replacement; Benchmark Replacement Conforming Changes. Upon receipt of notice from the Trust Issuer of the determination of a Benchmark Replacement and/or the making of any Benchmark Replacement Conforming Changes, the Servicer will shall include in the Servicer’s Servicer Certificate any information regarding the Unadjusted Benchmark Replacement, the Benchmark Replacement Adjustment and any such Benchmark Replacement Conforming Changes provided by the TrustIssuer.

Appears in 2 contracts

Sources: Transaction Subi Supplement to Servicing Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Transaction Subi Supplement to Servicing Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC)

Benchmark Replacement; Benchmark Replacement Conforming Changes. Upon receipt of notice from the Trust Administrator of the determination of a Benchmark Replacement and/or the making of any Benchmark Replacement Conforming Changes, the Servicer will shall include in the Servicer’s Certificate any information regarding the Unadjusted Benchmark Replacement, the Benchmark Replacement Adjustment and any such Benchmark Replacement Conforming Changes provided by the TrustAdministrator.

Appears in 2 contracts

Sources: Sale and Servicing Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Sale and Servicing Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC)

Benchmark Replacement; Benchmark Replacement Conforming Changes. Upon receipt of notice from the Trust Administrator of the determination of a Benchmark Replacement and/or the making of any Benchmark Replacement Conforming Changes, the Servicer will shall include in the Servicer’s Servicer Certificate any information regarding the Unadjusted Benchmark Replacement, the Benchmark Replacement Adjustment and any such Benchmark Replacement Conforming Changes provided by the TrustAdministrator.]

Appears in 1 contract

Sources: Transaction Subi Supplement to Servicing Agreement (Vw Credit Leasing LTD)

Benchmark Replacement; Benchmark Replacement Conforming Changes. Upon receipt of notice from the Trust Issuer of the determination of a Benchmark Replacement and/or the making of any Benchmark Replacement Conforming Changes, the Servicer will shall include in the Servicer’s Servicer Certificate any information regarding the Unadjusted Benchmark Replacement, the Benchmark Replacement Adjustment and any such Benchmark Replacement Conforming Changes provided by the TrustIssuer.]

Appears in 1 contract

Sources: Transaction Subi Supplement to Servicing Agreement (Vw Credit Leasing LTD)