Closing; Further Assignments. (a) The sale, transfer, assignment and conveyance of the First-Tier Assets will take place on the 2023-A Closing Date. (b) The Seller acknowledges that, pursuant to the (i) Second-Tier Sale Agreement, the Purchaser will sell, transfer, assign and convey the First-Tier Assets to the Issuer and assign its rights under this Agreement to the Issuer and (ii) the Indenture, the Issuer will assign and pledge the First-Tier Assets and certain other property and rights to the Indenture Trustee for the benefit of the 2023-A Secured Parties. The Seller consents to such sale, transfer, assignments, pledge and conveyance. (c) The sale, transfer, assignment and conveyance of the First-Tier Assets pursuant to this Agreement is without recourse, and the Seller does not guarantee payment on the First-Tier Assets or collection of any Collateral Asset included in the 2023-A Reference Pool.
Appears in 2 contracts
Samples: First Tier Sale Agreement (Mercedes-Benz Auto Lease Trust 2023-A), First Tier Sale Agreement (Mercedes-Benz Auto Lease Trust 2023-A)
Closing; Further Assignments. (a) The sale, transfer, assignment and conveyance of the First-Tier Assets will take place on the 20232020-A Closing Date.
(b) The Seller acknowledges that, pursuant to the (i) Second-Tier Sale Agreement, the Purchaser will sell, transfer, assign and convey the First-Tier Assets to the Issuer and assign its rights under this Agreement to the Issuer and (ii) the Indenture, the Issuer will assign and pledge the First-Tier Assets and certain other property and rights to the Indenture Trustee for the benefit of the 20232020-A Secured Parties. The Seller consents to such sale, transfer, assignments, pledge and conveyance.
(c) The sale, transfer, assignment and conveyance of the First-Tier Assets pursuant to this Agreement is without recourse, and the Seller does not guarantee payment on the First-Tier Assets or collection of any Collateral Asset included in the 20232020-A Reference Pool.
Appears in 2 contracts
Samples: First Tier Sale Agreement (Mercedes-Benz Auto Lease Trust 2020-A), First Tier Sale Agreement (Mercedes-Benz Auto Lease Trust 2020-A)
Closing; Further Assignments. (a) The sale, transfer, assignment and conveyance of the First-Tier Assets will take place on the 20232024-A Closing Date.
(b) The Seller acknowledges that, pursuant to the (i) Second-Tier Sale Agreement, the Purchaser will sell, transfer, assign and convey the First-Tier Assets to the Issuer and assign its rights under this Agreement to the Issuer and (ii) the Indenture, the Issuer will assign and pledge the First-Tier Assets and certain other property and rights to the Indenture Trustee for the benefit of the 20232024-A Secured Parties. The Seller consents to such sale, transfer, assignments, pledge and conveyance.
(c) The sale, transfer, assignment and conveyance of the First-Tier Assets pursuant to this Agreement is without recourse, and the Seller does not guarantee payment on the First-Tier Assets or collection of any Collateral Asset included in the 20232024-A Reference Pool.
Appears in 2 contracts
Samples: First Tier Sale Agreement (Mercedes-Benz Auto Lease Trust 2024-A), First Tier Sale Agreement (Mercedes-Benz Auto Lease Trust 2024-A)
Closing; Further Assignments. (a) The sale, transfer, assignment and conveyance of the First-Tier Assets will take place on the 20232020-A B Closing Date.
(b) The Seller acknowledges that, pursuant to the (i) Second-Tier Sale Agreement, the Purchaser will sell, transfer, assign and convey the First-Tier Assets to the Issuer and assign its rights under this Agreement to the Issuer and (ii) the Indenture, the Issuer will assign and pledge the First-Tier Assets and certain other property and rights to the Indenture Trustee for the benefit of the 20232020-A B Secured Parties. The Seller consents to such sale, transfer, assignments, pledge and conveyance.
(c) The sale, transfer, assignment and conveyance of the First-Tier Assets pursuant to this Agreement is without recourse, and the Seller does not guarantee payment on the First-Tier Assets or collection of any Collateral Asset included in the 20232020-A B Reference Pool.
Appears in 2 contracts
Samples: First Tier Sale Agreement (Mercedes-Benz Auto Lease Trust 2020-B), First Tier Sale Agreement (Mercedes-Benz Auto Lease Trust 2020-B)
Closing; Further Assignments. (a) The sale, transfer, assignment and conveyance of the First-Tier Assets will take place on the 20232024-A B Closing Date.
(b) The Seller acknowledges that, pursuant to the (i) Second-Tier Sale Agreement, the Purchaser will sell, transfer, assign and convey the First-Tier Assets to the Issuer and assign its rights under this Agreement to the Issuer and (ii) the Indenture, the Issuer will assign and pledge the First-Tier Assets and certain other property and rights to the Indenture Trustee for the benefit of the 20232024-A B Secured Parties. The Seller consents to such sale, transfer, assignments, pledge and conveyance.
(c) The sale, transfer, assignment and conveyance of the First-Tier Assets pursuant to this Agreement is without recourse, and the Seller does not guarantee payment on the First-Tier Assets or collection of any Collateral Asset included in the 20232024-A B Reference Pool.
Appears in 2 contracts
Samples: First Tier Sale Agreement (Mercedes-Benz Auto Lease Trust 2024-B), First Tier Sale Agreement (Mercedes-Benz Auto Lease Trust 2024-B)
Closing; Further Assignments. (a) The sale, transfer, assignment and conveyance of the First-Tier Assets will take place on the 20232021-A Closing Date.
(b) The Seller acknowledges that, pursuant to the (i) Second-Tier Sale Agreement, the Purchaser will sell, transfer, assign and convey the First-Tier Assets to the Issuer and assign its rights under this Agreement to the Issuer and (ii) the Indenture, the Issuer will assign and pledge the First-Tier Assets and certain other property and rights to the Indenture Trustee for the benefit of the 20232021-A Secured Parties. The Seller consents to such sale, transfer, assignments, pledge and conveyance.
(c) The sale, transfer, assignment and conveyance of the First-Tier Assets pursuant to this Agreement is without recourse, and the Seller does not guarantee payment on the First-Tier Assets or collection of any Collateral Asset included in the 20232021-A Reference Pool.
Appears in 2 contracts
Samples: First Tier Sale Agreement (Mercedes-Benz Auto Lease Trust 2021-A), First Tier Sale Agreement (Mercedes-Benz Auto Lease Trust 2021-A)
Closing; Further Assignments. (a) The sale, transfer, assignment and conveyance of the First-Tier Assets will take place on the 20232021-A B Closing Date.
(b) The Seller acknowledges that, pursuant to the (i) Second-Tier Sale Agreement, the Purchaser will sell, transfer, assign and convey the First-Tier Assets to the Issuer and assign its rights under this Agreement to the Issuer and (ii) the Indenture, the Issuer will assign and pledge the First-Tier Assets and certain other property and rights to the Indenture Trustee for the benefit of the 20232021-A B Secured Parties. The Seller consents to such sale, transfer, assignments, pledge and conveyance.
(c) The sale, transfer, assignment and conveyance of the First-Tier Assets pursuant to this Agreement is without recourse, and the Seller does not guarantee payment on the First-Tier Assets or collection of any Collateral Asset included in the 20232021-A B Reference Pool.
Appears in 2 contracts
Samples: First Tier Sale Agreement (Mercedes-Benz Auto Lease Trust 2021-B), First Tier Sale Agreement (Mercedes-Benz Auto Lease Trust 2021-B)