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)
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)
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)