Compliance with the FDIC Rule by the Depositor. The Depositor shall (i) perform the covenants set forth in Article XII of the Indenture applicable to it (including as “issuing entity”, as defined in Section 12.01(c) of the Indenture) and (ii) facilitate compliance with Article XII of the Indenture by the FDIC Rule Parties.
Appears in 23 contracts
Sources: Sale and Servicing Agreement (BMW Vehicle Owner Trust 2025-A), Sale and Servicing Agreement (BMW Vehicle Owner Trust 2025-A), Sale and Servicing Agreement (BMW Vehicle Owner Trust 2024-A)
Compliance with the FDIC Rule by the Depositor. The Depositor shall (i) perform the covenants set forth in Article XII of the Indenture applicable to it (including as “issuing entity”, as defined in Section 12.01(c) of the Indenture) and (ii) facilitate compliance with Article XII of the Indenture by the FDIC Rule Parties.
ARTICLE VII. THE SERVICER
Appears in 2 contracts
Sources: Sale and Servicing Agreement (BMW Vehicle Owner Trust 2022-A), Sale and Servicing Agreement (BMW Vehicle Owner Trust 2022-A)
Compliance with the FDIC Rule by the Depositor. The Depositor shall (i) perform the covenants set forth in Article XII of the Indenture applicable to it (including as “"issuing entity”", as defined in Section 12.01(c) of the Indenture) and (ii) facilitate compliance with Article XII of the Indenture by the FDIC Rule Parties.
Appears in 1 contract
Sources: Sale and Servicing Agreement (BMW Fs Securities LLC)