Breach of Representation or Warranty. Any representation or warranty of the Borrower made in the Basic Collateral Agency Agreement, this 2018-A Exchange Note Supplement or in any certificate or other document delivered in connection with the Basic Collateral Agency Agreement or this 2018-A Exchange Note Supplement proves to have been incorrect as of the time made, the 2018-A Exchange Noteholders are materially and adversely affected by such incorrectness and such incorrectness is not cured on or before the 60th day after the Borrower has received a notice from the 2018-A Exchange Noteholders that states that it is a “Notice of Exchange Note Default” and specifies the default.
Appears in 2 contracts
Sources: 2018 a Exchange Note Supplement (Mercedes-Benz Auto Lease Trust 2018-A), 2018 a Exchange Note Supplement (Mercedes-Benz Auto Lease Trust 2018-A)
Breach of Representation or Warranty. Any representation or warranty of the Borrower made in the Basic Collateral Agency Agreement, this 2018-A B Exchange Note Supplement or in any certificate or other document delivered in connection with the Basic Collateral Agency Agreement or this 2018-A B Exchange Note Supplement proves to have been incorrect as of the time made, the 2018-A B Exchange Noteholders are materially and adversely affected by such incorrectness and such incorrectness is not cured on or before the 60th day after the Borrower has received a notice from the 2018-A B Exchange Noteholders that states that it is a “Notice of Exchange Note Default” and specifies the default.
Appears in 2 contracts
Sources: 2018 B Exchange Note Supplement (Mercedes-Benz Auto Lease Trust 2018-B), 2018 B Exchange Note Supplement (Mercedes-Benz Auto Lease Trust 2018-B)
Breach of Representation or Warranty. Any representation or warranty of the Borrower made in the Basic Collateral Agency Agreement, this 20182023-A Exchange Note Supplement or in any certificate or other document delivered in connection with the Basic Collateral Agency Agreement or this 20182023-A Exchange Note Supplement proves to have been incorrect as of the time made, the 20182023-A Exchange Noteholders are materially and adversely affected by such incorrectness and such incorrectness is not cured on or before the 60th day after the Borrower has received a notice from the 20182023-A Exchange Noteholders that states that it is a “Notice of Exchange Note Default” and specifies the default.
Appears in 2 contracts
Sources: 2023 a Exchange Note Supplement (Mercedes-Benz Auto Lease Trust 2023-A), 2023 a Exchange Note Supplement (Mercedes-Benz Auto Lease Trust 2023-A)
Breach of Representation or Warranty. Any representation or warranty of the Borrower made in the Basic Collateral Agency Agreement, this 20182016-A B Exchange Note Supplement or in any certificate or other document delivered in connection with the Basic Collateral Agency Agreement or this 20182016-A B Exchange Note Supplement proves to have been incorrect as of the time made, the 20182016-A B Exchange Noteholders are materially and adversely affected by such incorrectness and such incorrectness is not cured on or before the 60th day after the Borrower has received a notice from the 20182016-A B Exchange Noteholders that states that it is a “Notice of Exchange Note Default” and specifies the default.
Appears in 2 contracts
Sources: 2016 B Exchange Note Supplement (Mercedes-Benz Auto Lease Trust 2016-B), 2016 B Exchange Note Supplement (Mercedes-Benz Auto Lease Trust 2016-B)
Breach of Representation or Warranty. Any representation or warranty of the Borrower made in the Basic Collateral Agency Agreement, this 20182024-A B Exchange Note Supplement or in any certificate or other document delivered in connection with the Basic Collateral Agency Agreement or this 20182024-A B Exchange Note Supplement proves to have been incorrect as of the time made, the 20182024-A B Exchange Noteholders are materially and adversely affected by such incorrectness and such incorrectness is not cured on or before the 60th day after the Borrower has received a notice from the 20182024-A B Exchange Noteholders that states that it is a “Notice of Exchange Note Default” and specifies the default.
Appears in 2 contracts
Sources: 2024 B Exchange Note Supplement (Mercedes-Benz Auto Lease Trust 2024-B), 2024 B Exchange Note Supplement (Mercedes-Benz Auto Lease Trust 2024-B)
Breach of Representation or Warranty. Any representation or warranty of the Borrower made in the Basic Collateral Agency Agreement, this 20182021-A B Exchange Note Supplement or in any certificate or other document delivered in connection with the Basic Collateral Agency Agreement or this 20182021-A B Exchange Note Supplement proves to have been incorrect as of the time made, the 20182021-A B Exchange Noteholders are materially and adversely affected by such incorrectness and such incorrectness is not cured on or before the 60th day after the Borrower has received a notice from the 20182021-A B Exchange Noteholders that states that it is a “Notice of Exchange Note Default” and specifies the default.
Appears in 2 contracts
Sources: 2021 B Exchange Note Supplement (Mercedes-Benz Auto Lease Trust 2021-B), 2021 B Exchange Note Supplement (Mercedes-Benz Auto Lease Trust 2021-B)
Breach of Representation or Warranty. Any representation or warranty of the Borrower made in the Basic Collateral Agency Agreement, this 20182021-A Exchange Note Supplement or in any certificate or other document delivered in connection with the Basic Collateral Agency Agreement or this 20182021-A Exchange Note Supplement proves to have been incorrect as of the time made, the 20182021-A Exchange Noteholders are materially and adversely affected by such incorrectness and such incorrectness is not cured on or before the 60th day after the Borrower has received a notice from the 20182021-A Exchange Noteholders that states that it is a “Notice of Exchange Note Default” and specifies the default.
Appears in 2 contracts
Sources: 2021 a Exchange Note Supplement (Mercedes-Benz Auto Lease Trust 2021-A), 2021 a Exchange Note Supplement (Mercedes-Benz Auto Lease Trust 2021-A)
Breach of Representation or Warranty. Any representation or warranty of the Borrower made in the Basic Collateral Agency Agreement, this 20182020-A B Exchange Note Supplement or in any certificate or other document delivered in connection with the Basic Collateral Agency Agreement or this 20182020-A B Exchange Note Supplement proves to have been incorrect as of the time made, the 20182020-A B Exchange Noteholders are materially and adversely affected by such incorrectness and such incorrectness is not cured on or before the 60th day after the Borrower has received a notice from the 20182020-A B Exchange Noteholders that states that it is a “Notice of Exchange Note Default” and specifies the default.
Appears in 2 contracts
Sources: 2020 B Exchange Note Supplement (Mercedes-Benz Auto Lease Trust 2020-B), 2020 B Exchange Note Supplement (Mercedes-Benz Auto Lease Trust 2020-B)
Breach of Representation or Warranty. Any representation or warranty of the Borrower made in the Basic Collateral Agency Agreement, this 20182020-A Exchange Note Supplement or in any certificate or other document delivered in connection with the Basic Collateral Agency Agreement or this 20182020-A Exchange Note Supplement proves to have been incorrect as of the time made, the 20182020-A Exchange Noteholders are materially and adversely affected by such incorrectness and such incorrectness is not cured on or before the 60th day after the Borrower has received a notice from the 20182020-A Exchange Noteholders that states that it is a “Notice of Exchange Note Default” and specifies the default.
Appears in 2 contracts
Sources: 2020 a Exchange Note Supplement (Mercedes-Benz Auto Lease Trust 2020-A), 2020 a Exchange Note Supplement (Mercedes-Benz Auto Lease Trust 2020-A)
Breach of Representation or Warranty. Any representation or warranty of the Borrower made in the Basic Collateral Agency Agreement, this 20182019-A Exchange Note Supplement or in any certificate or other document delivered in connection with the Basic Collateral Agency Agreement or this 20182019-A Exchange Note Supplement proves to have been incorrect as of the time made, the 20182019-A Exchange Noteholders are materially and adversely affected by such incorrectness and such incorrectness is not cured on or before the 60th day after the Borrower has received a notice from the 20182019-A Exchange Noteholders that states that it is a “Notice of Exchange Note Default” and specifies the default.
Appears in 2 contracts
Sources: 2019 a Exchange Note Supplement (Mercedes-Benz Auto Lease Trust 2019-A), 2019 a Exchange Note Supplement (Mercedes-Benz Auto Lease Trust 2019-A)
Breach of Representation or Warranty. Any representation or warranty of the Borrower made in the Basic Collateral Agency Agreement, this 20182016-A Exchange Note Supplement or in any certificate or other document delivered in connection with the Basic Collateral Agency Agreement or this 20182016-A Exchange Note Supplement proves to have been incorrect as of the time made, the 20182016-A Exchange Noteholders are materially and adversely affected by such incorrectness and such incorrectness is not cured on or before the 60th day after the Borrower has received a notice from the 20182016-A Exchange Noteholders that states that it is a “Notice of Exchange Note Default” and specifies the default.
Appears in 2 contracts
Sources: 2016 a Exchange Note Supplement (Mercedes-Benz Auto Lease Trust 2016-A), 2016 a Exchange Note Supplement (Mercedes-Benz Auto Lease Trust 2016-A)
Breach of Representation or Warranty. Any representation or warranty of the Borrower made in the Basic Collateral Agency Agreement, this 20182019-A B Exchange Note Supplement or in any certificate or other document delivered in connection with the Basic Collateral Agency Agreement or this 20182019-A B Exchange Note Supplement proves to have been incorrect as of the time made, the 20182019-A B Exchange Noteholders are materially and adversely affected by such incorrectness and such incorrectness is not cured on or before the 60th day after the Borrower has received a notice from the 20182019-A B Exchange Noteholders that states that it is a “Notice of Exchange Note Default” and specifies the default.
Appears in 2 contracts
Sources: 2019 B Exchange Note Supplement (Mercedes-Benz Auto Lease Trust 2019-B), 2019 B Exchange Note Supplement (Mercedes-Benz Auto Lease Trust 2019-B)
Breach of Representation or Warranty. Any representation or warranty of the Borrower made in the Basic Collateral Agency Agreement, this 20182017-A Exchange Note Supplement or in any certificate or other document delivered in connection with the Basic Collateral Agency Agreement or this 20182017-A Exchange Note Supplement proves to have been incorrect as of the time made, the 20182017-A Exchange Noteholders are materially and adversely affected by such incorrectness and such incorrectness is not cured on or before the 60th day after the Borrower has received a notice from the 20182017-A Exchange Noteholders that states that it is a “Notice of Exchange Note Default” and specifies the default.
Appears in 2 contracts
Sources: 2017 a Exchange Note Supplement (Mercedes-Benz Auto Lease Trust 2017-A), 2017 a Exchange Note Supplement (Mercedes-Benz Auto Lease Trust 2017-A)
Breach of Representation or Warranty. Any representation or warranty of the Borrower made in the Basic Collateral Agency Agreement, this 20182025-A Exchange Note Supplement or in any certificate or other document delivered in connection with the Basic Collateral Agency Agreement or this 20182025-A Exchange Note Supplement proves to have been incorrect as of the time made, the 20182025-A Exchange Noteholders are materially and adversely affected by such incorrectness and such incorrectness is not cured on or before the 60th day after the Borrower has received a notice from the 20182025-A Exchange Noteholders that states that it is a “Notice of Exchange Note Default” and specifies the default.
Appears in 2 contracts
Sources: 2025 a Exchange Note Supplement (Mercedes-Benz Auto Lease Trust 2025-A), 2025 a Exchange Note Supplement (Mercedes-Benz Auto Lease Trust 2025-A)
Breach of Representation or Warranty. Any representation or warranty of the Borrower made in the Basic Collateral Agency Agreement, this 20182024-A Exchange Note Supplement or in any certificate or other document delivered in connection with the Basic Collateral Agency Agreement or this 20182024-A Exchange Note Supplement proves to have been incorrect as of the time made, the 20182024-A Exchange Noteholders are materially and adversely affected by such incorrectness and such incorrectness is not cured on or before the 60th day after the Borrower has received a notice from the 20182024-A Exchange Noteholders that states that it is a “Notice of Exchange Note Default” and specifies the default.
Appears in 2 contracts
Sources: 2024 a Exchange Note Supplement (Mercedes-Benz Auto Lease Trust 2024-A), 2024 a Exchange Note Supplement (Mercedes-Benz Auto Lease Trust 2024-A)