Common use of Source for Payment; Limited Recourse Clause in Contracts

Source for Payment; Limited Recourse. The 2020-A Exchange Note will be payable solely from Exchange Note Available Funds, the proceeds of the other Borrower Collateral and any Shared Amounts allocated to the 2020-A Exchange Note under Section 5.1, in each case, according to the priorities in Section 5.1. For purposes of determining the 2020-A Collections, the Leases and Leased Vehicles will be deemed to have been allocated to the 2020-A Reference Pool from and after the related Cutoff Date. Recourse for the 2020-A Exchange Noteholder will be limited to the 2020-A Reference Pool.

Source for Payment; Limited Recourse. The 20202023-A Exchange Note will be payable solely from Exchange Note Available Funds, the proceeds of the other Borrower Collateral and any Shared Amounts allocated to the 20202023-A Exchange Note under Section 5.1, in each case, according to the priorities in Section 5.1. For purposes of determining the 20202023-A Collections, the Leases and Leased Vehicles will be deemed to have been allocated to the 20202023-A Reference Pool from and after the related Cutoff Date. Recourse for the 20202023-A Exchange Noteholder will be limited to the 20202023-A Reference Pool.

Source for Payment; Limited Recourse. The 20202023-A B Exchange Note will be payable solely from Exchange Note Available Funds, the proceeds of the other Borrower Collateral and any Shared Amounts allocated to the 20202023-A B Exchange Note under Section 5.1, in each case, according to the priorities in Section 5.1. For purposes of determining the 20202023-A B Collections, the Leases and Leased Vehicles will be deemed to have been allocated to the 20202023-A B Reference Pool from and after the related Cutoff Date. Recourse for the 20202023-A B Exchange Noteholder will be limited to the 20202023-A B Reference Pool.

Source for Payment; Limited Recourse. The 20202019-A Exchange Note will be payable solely from Exchange Note Available Funds, the proceeds of the other Borrower Collateral and any Shared Amounts allocated to the 20202019-A Exchange Note under Section 5.1, in each case, according to the priorities in Section 5.1. For purposes of determining the 20202019-A Collections, the Leases and Leased Vehicles will be deemed to have been allocated to the 20202019-A Reference Pool from and after the related Cutoff Date. Recourse for the 20202019-A Exchange Noteholder will be limited to the 20202019-A Reference Pool.

Source for Payment; Limited Recourse. The 20202019-A B Exchange Note will be payable solely from Exchange Note Available Funds, the proceeds of the other Borrower Collateral and any Shared Amounts allocated to the 20202019-A B Exchange Note under Section 5.1, in each case, according to the priorities in Section 5.1. For purposes of determining the 20202019-A B Collections, the Leases and Leased Vehicles will be deemed to have been allocated to the 20202019-A B Reference Pool from and after the related Cutoff Date. Recourse for the 20202019-A B Exchange Noteholder will be limited to the 20202019-A B Reference Pool.

Source for Payment; Limited Recourse. The 20202022-A Exchange Note will be payable solely from Exchange Note Available Funds, the proceeds of the other Borrower Collateral and any Shared Amounts allocated to the 20202022-A Exchange Note under Section 5.1, in each case, according to the priorities in Section 5.1. For purposes of determining the 20202022-A Collections, the Leases and Leased Vehicles will be deemed to have been allocated to the 20202022-A Reference Pool from and after the related Cutoff Date. Recourse for the 20202022-A Exchange Noteholder will be limited to the 20202022-A Reference Pool.

Source for Payment; Limited Recourse. The 20202024-A Exchange Note will be payable solely from Exchange Note Available Funds, the proceeds of the other Borrower Collateral and any Shared Amounts allocated to the 20202024-A Exchange Note under Section 5.1, in each case, according to the priorities in Section 5.1. For purposes of determining the 20202024-A Collections, the Leases and Leased Vehicles will be deemed to have been allocated to the 20202024-A Reference Pool from and after the related Cutoff Date. Recourse for the 20202024-A Exchange Noteholder will be limited to the 20202024-A Reference Pool.

Source for Payment; Limited Recourse. The 20202021-A Exchange Note will be payable solely from Exchange Note Available Funds, the proceeds of the other Borrower Collateral and any Shared Amounts allocated to the 20202021-A Exchange Note under Section 5.1, in each case, according to the priorities in Section 5.1. For purposes of determining the 20202021-A Collections, the Leases and Leased Vehicles will be deemed to have been allocated to the 20202021-A Reference Pool from and after the related Cutoff Date. Recourse for the 20202021-A Exchange Noteholder will be limited to the 20202021-A Reference Pool.

Source for Payment; Limited Recourse. The 20202024-A B Exchange Note will be payable solely from Exchange Note Available Funds, the proceeds of the other Borrower Collateral and any Shared Amounts allocated to the 20202024-A B Exchange Note under Section 5.1, in each case, according to the priorities in Section 5.1. For purposes of determining the 20202024-A B Collections, the Leases and Leased Vehicles will be deemed to have been allocated to the 20202024-A B Reference Pool from and after the related Cutoff Date. Recourse for the 20202024-A B Exchange Noteholder will be limited to the 20202024-A B Reference Pool.

Source for Payment; Limited Recourse. The 20202021-A B Exchange Note will be payable solely from Exchange Note Available Funds, the proceeds of the other Borrower Collateral and any Shared Amounts allocated to the 20202021-A B Exchange Note under Section 5.1, in each case, according to the priorities in Section 5.1. For purposes of determining the 20202021-A B Collections, the Leases and Leased Vehicles will be deemed to have been allocated to the 20202021-A B Reference Pool from and after the related Cutoff Date. Recourse for the 20202021-A B Exchange Noteholder will be limited to the 20202021-A B Reference Pool.