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Common use of Servicer to Act on Behalf of Titling Trustee Clause in Contracts

Servicer to Act on Behalf of Titling Trustee. The Servicer shall be deemed to have received proper instructions with respect to any of the books and records relating to the Collateral Assets, including any Lease File, upon receipt of written instructions by the Titling Trust.

Appears in 3 contracts

Sources: Servicing Agreement (Mercedes-Benz Auto Lease Trust 2023-A), Servicing Agreement (Mercedes-Benz Auto Lease Trust 2023-A), Servicing Agreement (Daimler Trust)

Related Clauses

  • Documents, Records and Funds in Possession of Master Servicer To Be Held for Trustee
  • Master Servicer to Act as Master Servicer
  • Documents Records and Funds in Possession of Master Servicer to be Held for the Trustee
  • Master Servicer to Act; Appointment of Successor
  • No Contractual Relationship Between Subservicer and Trustee or Certificateholders

Sub-Clauses

  • Updating List of Authorized Officers
  • Facility Servicer Event of Default
  • Monthly Revolving Facility Reports
  • Third-Party Beneficiaries
  • Annual Independent Certified Public Accountants’ Report
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