Common use of Additional Covenants of Servicer Clause in Contracts

Additional Covenants of Servicer. (a) If the aggregate Securitization Value of 2010-B Leases that have been extended and that also constitute Hybrid Chattel Paper exceeds 9.0% of the outstanding aggregate Securitization Value of the 2010-B Leases and related 2010-B Vehicles, and if such excess amount is not otherwise reduced prior to the end of the second Collection Period following such discovery (or, if the Servicer elects, an earlier date), the Servicer will purchase 2010-B Leases and the related 2010-B Vehicles having a sufficient aggregate Securitization Value to reduce the aggregate Securitization Value of 2010-B Leases that have been extended and that also constitute Hybrid Chattel Paper to less than 9.0% of the then outstanding Securitization Value of the 2010-B Leases and related 2010-B Vehicles.

Additional Covenants of Servicer. (a) If the aggregate Securitization Value of 20102009-B Leases that have been extended and that also constitute Hybrid Chattel Paper exceeds 9.0% of the outstanding aggregate Securitization Value of the 20102009-B Leases and related 20102009-B Vehicles, and if such excess amount is not otherwise reduced prior to the end of the second Collection Period following such discovery (or, if the Servicer elects, an earlier date), the Servicer will purchase 20102009-B Leases and the related 20102009-B Vehicles having a sufficient aggregate Securitization Value to reduce the aggregate Securitization Value of 20102009-B Leases that have been extended and that also constitute Hybrid Chattel Paper to less than 9.0% of the then outstanding Securitization Value of the 20102009-B Leases and related 20102009-B Vehicles.

Additional Covenants of Servicer. (a) If the aggregate Securitization Value of 20102009-B A Leases that have been extended and that also constitute Hybrid Chattel Paper exceeds 9.0% of the outstanding aggregate Securitization Value of the 20102009-B A Leases and related 20102009-B A Vehicles, and if such excess amount is not otherwise reduced prior to the end of the second Collection Period following such discovery (or, if the Servicer elects, an earlier date), the Servicer will purchase 20102009-B A Leases and the related 20102009-B A Vehicles having a sufficient aggregate Securitization Value to reduce the aggregate Securitization Value of 20102009-B A Leases that have been extended and that also constitute Hybrid Chattel Paper to less than 9.0% of the then outstanding Securitization Value of the 20102009-B A Leases and related 20102009-B A Vehicles.

Additional Covenants of Servicer. (a) If the aggregate Securitization Value of 2010-B A Leases that have been extended and that also constitute Hybrid Chattel Paper exceeds 9.0% of the outstanding aggregate Securitization Value of the 2010-B A Leases and related 2010-B A Vehicles, and if such excess amount is not otherwise reduced prior to the end of the second Collection Period following such discovery (or, if the Servicer elects, an earlier date), the Servicer will purchase 2010-B A Leases and the related 2010-B A Vehicles having a sufficient aggregate Securitization Value to reduce the aggregate Securitization Value of 2010-B A Leases that have been extended and that also constitute Hybrid Chattel Paper to less than 9.0% of the then outstanding Securitization Value of the 2010-B A Leases and related 2010-B A Vehicles.