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 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)

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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)

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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)

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