Common use of Breach of Representation or Warranty Clause in Contracts

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)