Common use of Each SUBI Separate; Assignees of SUBI Clause in Contracts

Each SUBI Separate; Assignees of SUBI. Each party hereto acknowledges and agrees (and each holder or pledgee of the Transaction SUBI Certificate, by virtue of its acceptance of such Transaction SUBI Certificate or pledge thereof, acknowledges and agrees) that (a) the Transaction SUBI is a separate series of the Origination Trust as provided in Section

Appears in 2 contracts

Sources: Administration Agreement (Volkswagen Auto Lease Trust 2013-A), Administration Agreement (Volkswagen Auto Lease Trust 2013-A)