Financial Services Vehicle Trust
If any one or far more of the covenants, agreements, provisions or terms of this Agreement shall be for any reason whatsoever held invalid or unenforceable, then such covenants, agreements, provisions or terms shall be deemed severable from the remaining covenants, agreements, provisions and terms of this Agreement, as the identical affordable flights tickets may be amended or supplemented, and shall in no way influence the validity or enforceability of the other covenants, agreements, provisions or terms of this Agreement.
To make contact with Financial Services Vehicle Trust, please go to – Firm data is offered by S&P Worldwide Marketplace Intelligence. If the Servicer is unable or unwilling to do so within such period, it shall promptly (i) deposit or cause air ticket price tag to be deposited into the SUBI Collection Account an amount equal to the Reallocation Payment and (ii) direct the Automobile Trustee to cause such 2007-1 Vehicle and the connected 2007-1 Lease to be conveyed to the Servicer as described in Section 2.three(h) beneath.
Financial Services Vehicle Trust does not have any Crucial Executives recorded. Copies on file with the Servicer, the Trustee and the Owner Trustee. Section three.07. Limitation of Liability of the Owner Trustee, the Trustee and the Indenture Trustee. Receive an e mail notification when modifications occur for Financial Services Vehicle Trust. There could be quite a few series of the Automobile Trust developed pursuant to the Automobile Trust Agreement.
Copies on file with the Servicer, the Trustee and the Owner Trustee.
The Car Trustee shall have no duty to conduct any affirmative investigation as to the occurrence of any situation requiring the repurchase of any 2007-1 Automobile or 2007-1 Lease pursuant to this Section 2.3(a) or the eligibility of any 2007-1 Car or associated 2007-1 Lease for purposes of the Agreement. Financial Services Vehicle Trust lists two other providers as an officer in their enterprise. Pledgorsâ€ signifies the Automobile Trust, BMW LP and the Transferor.
The Servicer shall be essential to repurchase a 2007-1 Vehicle and the connected 2007-1 Lease and remit to the associated 2007-1 SUBI Collection Account a Reallocation Payment for such 2007-1 Car and 2007-1 Lease if the associated Lessee moves to a state that is not a Trust State and such state does not develop into a Trust State within 90 days immediately after the Servicer has become aware of such move.
The Servicer shall, with respect to SUBI Collections and amounts in respect of the 2007-1 SUBI Certificate, remit to the 2007-1 SUBI Collection Account (i) all Month-to-month Payments, (ii) all deposits essential by Section 2.2 of the Basic Servicing Agreement, (iii) all Reallocation Payments pursuant to Section two.3 above, (iv) all Cap Payments or Cap Termination Payments (v) all Advances and (vi) any Sales Proceeds or Termination Proceeds from the disposition of a Matured Vehicle at auction or via sale to a dealer for which the Servicer was reimbursed through the associated Collection Period pursuant to Section 2.four(b)(i) from SUBI Collections, in each and every case, on the Business enterprise Day prior to the Payment Date for so long as the Month-to-month Remittance Situation is happy.
Pledgorsâ€ indicates the Automobile Trust, BMW LP and the Transferor. Financial Services Vehicle Trust lists two other firms as an officer in their corporation.
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