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 2020-B Exchange Note Supplement or in any certificate or other document delivered in connection with the Basic Collateral Agency Agreement or this 2020-B Exchange Note Supplement proves to have been incorrect as of the time made, the 2020-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 2020-B Exchange Noteholders that states that it is a “Notice of Exchange Note Default” and specifies the default.

Appears in 2 contracts

Samples: Collateral Agency Agreement (Mercedes-Benz Auto Lease Trust 2020-B), Collateral Agency Agreement (Mercedes-Benz Auto Lease Trust 2020-B)

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Breach of Representation or Warranty. Any representation or warranty of the Borrower made in the Basic Collateral Agency Agreement, this 2020-B A Exchange Note Supplement or in any certificate or other document delivered in connection with the Basic Collateral Agency Agreement or this 2020-B A Exchange Note Supplement proves to have been incorrect as of the time made, the 2020-B 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 2020-B A Exchange Noteholders that states that it is a “Notice of Exchange Note Default” and specifies the default.

Appears in 2 contracts

Samples: Collateral Agency Agreement (Mercedes-Benz Auto Lease Trust 2020-A), Collateral Agency Agreement (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 20202023-B A Exchange Note Supplement or in any certificate or other document delivered in connection with the Basic Collateral Agency Agreement or this 20202023-B A Exchange Note Supplement proves to have been incorrect as of the time made, the 20202023-B 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 20202023-B A Exchange Noteholders that states that it is a “Notice of Exchange Note Default” and specifies the default.

Appears in 2 contracts

Samples: Collateral Agency Agreement (Mercedes-Benz Auto Lease Trust 2023-A), Collateral Agency Agreement (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 20202018-B Exchange Note Supplement or in any certificate or other document delivered in connection with the Basic Collateral Agency Agreement or this 20202018-B Exchange Note Supplement proves to have been incorrect as of the time made, the 20202018-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 20202018-B Exchange Noteholders that states that it is a “Notice of Exchange Note Default” and specifies the default.

Appears in 2 contracts

Samples: Collateral Agency Agreement (Mercedes-Benz Auto Lease Trust 2018-B), Collateral Agency Agreement (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 20202017-B A Exchange Note Supplement or in any certificate or other document delivered in connection with the Basic Collateral Agency Agreement or this 20202017-B A Exchange Note Supplement proves to have been incorrect as of the time made, the 20202017-B 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 20202017-B A Exchange Noteholders that states that it is a “Notice of Exchange Note Default” and specifies the default.

Appears in 2 contracts

Samples: Collateral Agency Agreement (Mercedes-Benz Auto Lease Trust 2017-A), Collateral Agency Agreement (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 20202019-B A Exchange Note Supplement or in any certificate or other document delivered in connection with the Basic Collateral Agency Agreement or this 20202019-B A Exchange Note Supplement proves to have been incorrect as of the time made, the 20202019-B 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 20202019-B A Exchange Noteholders that states that it is a “Notice of Exchange Note Default” and specifies the default.

Appears in 2 contracts

Samples: Collateral Agency Agreement (Mercedes-Benz Auto Lease Trust 2019-A), Collateral Agency Agreement (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 20202019-B Exchange Note Supplement or in any certificate or other document delivered in connection with the Basic Collateral Agency Agreement or this 20202019-B Exchange Note Supplement proves to have been incorrect as of the time made, the 20202019-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 20202019-B Exchange Noteholders that states that it is a “Notice of Exchange Note Default” and specifies the default.

Appears in 2 contracts

Samples: Collateral Agency Agreement (Mercedes-Benz Auto Lease Trust 2019-B), Collateral Agency Agreement (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 20202021-B Exchange Note Supplement or in any certificate or other document delivered in connection with the Basic Collateral Agency Agreement or this 20202021-B Exchange Note Supplement proves to have been incorrect as of the time made, the 20202021-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 20202021-B Exchange Noteholders that states that it is a “Notice of Exchange Note Default” and specifies the default.

Appears in 2 contracts

Samples: Collateral Agency Agreement (Mercedes-Benz Auto Lease Trust 2021-B), Collateral Agency Agreement (Mercedes-Benz Auto Lease Trust 2021-B)

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Breach of Representation or Warranty. Any representation or warranty of the Borrower made in the Basic Collateral Agency Agreement, this 20202016-B A Exchange Note Supplement or in any certificate or other document delivered in connection with the Basic Collateral Agency Agreement or this 20202016-B A Exchange Note Supplement proves to have been incorrect as of the time made, the 20202016-B 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 20202016-B A Exchange Noteholders that states that it is a “Notice of Exchange Note Default” and specifies the default.

Appears in 2 contracts

Samples: Collateral Agency Agreement (Mercedes-Benz Auto Lease Trust 2016-A), Collateral Agency Agreement (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 20202016-B Exchange Note Supplement or in any certificate or other document delivered in connection with the Basic Collateral Agency Agreement or this 20202016-B Exchange Note Supplement proves to have been incorrect as of the time made, the 20202016-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 20202016-B Exchange Noteholders that states that it is a “Notice of Exchange Note Default” and specifies the default.

Appears in 2 contracts

Samples: Collateral Agency Agreement (Mercedes-Benz Auto Lease Trust 2016-B), Collateral Agency Agreement (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 20202018-B A Exchange Note Supplement or in any certificate or other document delivered in connection with the Basic Collateral Agency Agreement or this 20202018-B A Exchange Note Supplement proves to have been incorrect as of the time made, the 20202018-B 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 20202018-B A Exchange Noteholders that states that it is a “Notice of Exchange Note Default” and specifies the default.

Appears in 2 contracts

Samples: Collateral Agency Agreement (Mercedes-Benz Auto Lease Trust 2018-A), Collateral Agency Agreement (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 20202024-B A Exchange Note Supplement or in any certificate or other document delivered in connection with the Basic Collateral Agency Agreement or this 20202024-B A Exchange Note Supplement proves to have been incorrect as of the time made, the 20202024-B 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 20202024-B A Exchange Noteholders that states that it is a “Notice of Exchange Note Default” and specifies the default.

Appears in 2 contracts

Samples: Collateral Agency Agreement (Mercedes-Benz Auto Lease Trust 2024-A), Collateral Agency Agreement (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 20202021-B A Exchange Note Supplement or in any certificate or other document delivered in connection with the Basic Collateral Agency Agreement or this 20202021-B A Exchange Note Supplement proves to have been incorrect as of the time made, the 20202021-B 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 20202021-B A Exchange Noteholders that states that it is a “Notice of Exchange Note Default” and specifies the default.

Appears in 2 contracts

Samples: Collateral Agency Agreement (Mercedes-Benz Auto Lease Trust 2021-A), Collateral Agency Agreement (Mercedes-Benz Auto Lease Trust 2021-A)

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