Breach of Representation or Warranty. Any representation or warranty of the Borrower made in the Basic Collateral Agency Agreement, this 2019-A Exchange Note Supplement or in any certificate or other document delivered in connection with the Basic Collateral Agency Agreement or this 2019-A Exchange Note Supplement proves to have been incorrect as of the time made, the 2019-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 2019-A Exchange Noteholders that states that it is a “Notice of Exchange Note Default” and specifies the default.
Appears in 2 contracts
Samples: 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 20192017-A Exchange Note Supplement or in any certificate or other document delivered in connection with the Basic Collateral Agency Agreement or this 20192017-A Exchange Note Supplement proves to have been incorrect as of the time made, the 20192017-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 20192017-A Exchange Noteholders that states that it is a “Notice of Exchange Note Default” and specifies the default.
Appears in 2 contracts
Samples: 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 20192018-A B Exchange Note Supplement or in any certificate or other document delivered in connection with the Basic Collateral Agency Agreement or this 20192018-A B Exchange Note Supplement proves to have been incorrect as of the time made, the 20192018-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 20192018-A B Exchange Noteholders that states that it is a “Notice of Exchange Note Default” and specifies the default.
Appears in 2 contracts
Samples: 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 20192024-A Exchange Note Supplement or in any certificate or other document delivered in connection with the Basic Collateral Agency Agreement or this 20192024-A Exchange Note Supplement proves to have been incorrect as of the time made, the 20192024-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 20192024-A Exchange Noteholders that states that it is a “Notice of Exchange Note Default” and specifies the default.
Appears in 2 contracts
Samples: 2024 a Exchange Note Supplement (Mercedes-Benz Auto Lease Trust 2024-A), 2024 a Exchange Note Supplement (Mercedes-Benz Auto Lease Trust 2024-A)
Breach of Representation or Warranty. Any representation or warranty of the Borrower made in the Basic Collateral Agency Agreement, this 20192018-A Exchange Note Supplement or in any certificate or other document delivered in connection with the Basic Collateral Agency Agreement or this 20192018-A Exchange Note Supplement proves to have been incorrect as of the time made, the 20192018-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 20192018-A Exchange Noteholders that states that it is a “Notice of Exchange Note Default” and specifies the default.
Appears in 2 contracts
Samples: 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 20192020-A B Exchange Note Supplement or in any certificate or other document delivered in connection with the Basic Collateral Agency Agreement or this 20192020-A B Exchange Note Supplement proves to have been incorrect as of the time made, the 20192020-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 20192020-A B Exchange Noteholders that states that it is a “Notice of Exchange Note Default” and specifies the default.
Appears in 2 contracts
Samples: 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 20192012-A Exchange Note Supplement or in any certificate or other document delivered in connection with the Basic Collateral Agency Agreement or this 20192012-A Exchange Note Supplement proves to have been incorrect as of the time made, the 20192012-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 20192012-A Exchange Noteholders that states that it is a “Notice of Exchange Note Default” and specifies the default.
Appears in 2 contracts
Samples: 2012 a Exchange Note Supplement (Mercedes-Benz Auto Lease Trust 2012-A), 2012 a Exchange Note Supplement (Mercedes-Benz Auto Lease Trust 2012-A)
Breach of Representation or Warranty. Any representation or warranty of the Borrower made in the Basic Collateral Agency Agreement, this 20192020-A Exchange Note Supplement or in any certificate or other document delivered in connection with the Basic Collateral Agency Agreement or this 20192020-A Exchange Note Supplement proves to have been incorrect as of the time made, the 20192020-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 20192020-A Exchange Noteholders that states that it is a “Notice of Exchange Note Default” and specifies the default.
Appears in 2 contracts
Samples: 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 20192021-A Exchange Note Supplement or in any certificate or other document delivered in connection with the Basic Collateral Agency Agreement or this 20192021-A Exchange Note Supplement proves to have been incorrect as of the time made, the 20192021-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 20192021-A Exchange Noteholders that states that it is a “Notice of Exchange Note Default” and specifies the default.
Appears in 2 contracts
Samples: 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 2019-A B Exchange Note Supplement or in any certificate or other document delivered in connection with the Basic Collateral Agency Agreement or this 2019-A B Exchange Note Supplement proves to have been incorrect as of the time made, the 2019-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 2019-A B Exchange Noteholders that states that it is a “Notice of Exchange Note Default” and specifies the default.
Appears in 2 contracts
Samples: 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 20192016-A B Exchange Note Supplement or in any certificate or other document delivered in connection with the Basic Collateral Agency Agreement or this 20192016-A B Exchange Note Supplement proves to have been incorrect as of the time made, the 20192016-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 20192016-A B Exchange Noteholders that states that it is a “Notice of Exchange Note Default” and specifies the default.
Appears in 2 contracts
Samples: 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 20192024-A B Exchange Note Supplement or in any certificate or other document delivered in connection with the Basic Collateral Agency Agreement or this 20192024-A B Exchange Note Supplement proves to have been incorrect as of the time made, the 20192024-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 20192024-A B Exchange Noteholders that states that it is a “Notice of Exchange Note Default” and specifies the default.
Appears in 2 contracts
Samples: 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 20192023-A Exchange Note Supplement or in any certificate or other document delivered in connection with the Basic Collateral Agency Agreement or this 20192023-A Exchange Note Supplement proves to have been incorrect as of the time made, the 20192023-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 20192023-A Exchange Noteholders that states that it is a “Notice of Exchange Note Default” and specifies the default.
Appears in 2 contracts
Samples: 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 20192021-A B Exchange Note Supplement or in any certificate or other document delivered in connection with the Basic Collateral Agency Agreement or this 20192021-A B Exchange Note Supplement proves to have been incorrect as of the time made, the 20192021-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 20192021-A B Exchange Noteholders that states that it is a “Notice of Exchange Note Default” and specifies the default.
Appears in 2 contracts
Samples: 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 20192016-A Exchange Note Supplement or in any certificate or other document delivered in connection with the Basic Collateral Agency Agreement or this 20192016-A Exchange Note Supplement proves to have been incorrect as of the time made, the 20192016-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 20192016-A Exchange Noteholders that states that it is a “Notice of Exchange Note Default” and specifies the default.
Appears in 2 contracts
Samples: 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 20192015-A B Exchange Note Supplement or in any certificate or other document delivered in connection with the Basic Collateral Agency Agreement or this 20192015-A B Exchange Note Supplement proves to have been incorrect as of the time made, the 20192015-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 20192015-A B Exchange Noteholders that states that it is a “Notice of Exchange Note Default” and specifies the default.
Appears in 1 contract
Samples: 2015 B Exchange Note Supplement (Mercedes-Benz Auto Lease Trust 2015-B)
Breach of Representation or Warranty. Any representation or warranty of the Borrower made in the Basic Collateral Agency Agreement, this 20192013-A Exchange Note Supplement or in any certificate or other document delivered in connection with the Basic Collateral Agency Agreement or this 20192013-A Exchange Note Supplement proves to have been incorrect as of the time made, the 20192013-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 20192013-A Exchange Noteholders that states that it is a “Notice of Exchange Note Default” and specifies the default.
Appears in 1 contract
Samples: 2012 a Exchange Note Supplement (Mercedes-Benz Auto Lease Trust 2013-A)
Breach of Representation or Warranty. Any representation or warranty of the Borrower made in the Basic Collateral Agency Agreement, this 20192013-A B Exchange Note Supplement or in any certificate or other document delivered in connection with the Basic Collateral Agency Agreement or this 20192013-A B Exchange Note Supplement proves to have been incorrect as of the time made, the 20192013-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 20192013-A B Exchange Noteholders that states that it is a “Notice of Exchange Note Default” and specifies the default.
Appears in 1 contract
Samples: 2013 B Exchange Note Supplement (Mercedes-Benz Auto Lease Trust 2013-B)
Breach of Representation or Warranty. Any representation or warranty of the Borrower made in the Basic Collateral Agency Agreement, this 20192015-A Exchange Note Supplement or in any certificate or other document delivered in connection with the Basic Collateral Agency Agreement or this 20192015-A Exchange Note Supplement proves to have been incorrect as of the time made, the 20192015-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 20192015-A Exchange Noteholders that states that it is a “Notice of Exchange Note Default” and specifies the default.
Appears in 1 contract
Samples: 2015 a Exchange Note Supplement (Mercedes-Benz Auto Lease Trust 2015-A)
Breach of Representation or Warranty. Any representation or warranty of the Borrower made in the Basic Collateral Agency Agreement, this 20192014-A Exchange Note Supplement or in any certificate or other document delivered in connection with the Basic Collateral Agency Agreement or this 20192014-A Exchange Note Supplement proves to have been incorrect as of the time made, the 20192014-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 20192014-A Exchange Noteholders that states that it is a “Notice of Exchange Note Default” and specifies the default.
Appears in 1 contract
Samples: 2014 a Exchange Note Supplement (Mercedes-Benz Auto Lease Trust 2014-A)