Common use of Collection of Payments Clause in Contracts

Collection of Payments. The Servicer may grant extensions, waivers, rebates, modifications or adjustments with respect to any 2016-A Lease, except that if, after the 2016-A Cutoff Date, the Servicer grants an extension with respect to any 2016-A Lease which extends its related Maturity Date to a date later than the Payment Date occurring six months prior to the Final Scheduled Payment Date of the Class A-4 Notes, the Servicer shall deposit into the 2016-A Exchange Note Collection Account an amount equal to the related Repurchase Payment and will reallocate such 2016-A Lease and the related 2016-A Vehicle to the Revolving Facility Pool in accordance with Section 3.05 except, in either case, to the extent that any such extension is required by Applicable Law.

Collection of Payments. The Servicer may grant extensions, waivers, rebates, modifications or adjustments with respect to any 20162018-A B Lease, except that if, after the 20162018-A B Cutoff Date, the Servicer grants an extension with respect to any 20162018-A B Lease which extends its related Maturity Date to a date later than the Payment Date occurring six months prior to the Final Scheduled Payment Date of the Class A-4 Notes, the Servicer shall deposit into the 20162018-A B Exchange Note Collection Account an amount equal to the related Repurchase Payment and will reallocate such 20162018-A B Lease and the related 20162018-A B Vehicle to the Revolving Facility Pool in accordance with Section 3.05 except, in either case, to the extent that any such extension is required by Applicable Law.

Collection of Payments. The Servicer may grant extensions, waivers, rebates, modifications or adjustments with respect to any 20162018-A Lease, except that if, after the 20162018-A Cutoff Date, the Servicer grants an extension with respect to any 20162018-A Lease which extends its related Maturity Date to a date later than the Payment Date occurring six months prior to the Final Scheduled Payment Date of the Class A-4 Notes, the Servicer shall deposit into the 20162018-A Exchange Note Collection Account an amount equal to the related Repurchase Payment and will reallocate such 20162018-A Lease and the related 20162018-A Vehicle to the Revolving Facility Pool in accordance with Section 3.05 except, in either case, to the extent that any such extension is required by Applicable Law.

Collection of Payments. The Servicer may grant extensions, waivers, rebates, modifications or adjustments with respect to any 20162012-A Lease, except that if, after the 20162012-A Cutoff Date, the Servicer grants an extension with respect to any 20162012-A Lease which extends its related Maturity Date to a date later than the Payment Date occurring six months prior to the Final Scheduled Payment Date of the Class A-4 Notes, the Servicer shall deposit into the 20162012-A Exchange Note Collection Account an amount equal to the related Repurchase Payment and will reallocate such 20162012-A Lease and the related 20162012-A Vehicle to the Revolving Facility Pool in accordance with Section 3.05 except, in either case, to the extent that any such extension is required by Applicable Law.

Collection of Payments. The Servicer may grant extensions, waivers, rebates, modifications or adjustments with respect to any 2016-A B Lease, except that if, after the 2016-A B Cutoff Date, the Servicer grants an extension with respect to any 2016-A B Lease which extends its related Maturity Date to a date later than the Payment Date occurring six months prior to the Final Scheduled Payment Date of the Class A-4 Notes, the Servicer shall deposit into the 2016-A B Exchange Note Collection Account an amount equal to the related Repurchase Payment and will reallocate such 2016-A B Lease and the related 2016-A B Vehicle to the Revolving Facility Pool in accordance with Section 3.05 except, in either case, to the extent that any such extension is required by Applicable Law.

Collection of Payments. The Servicer may grant extensions, waivers, rebates, modifications or adjustments with respect to any 20162017-A Lease, except that if, after the 20162017-A Cutoff Date, the Servicer grants an extension with respect to any 20162017-A Lease which extends its related Maturity Date to a date later than the Payment Date occurring six months prior to the Final Scheduled Payment Date of the Class A-4 Notes, the Servicer shall deposit into the 20162017-A Exchange Note Collection Account an amount equal to the related Repurchase Payment and will reallocate such 20162017-A Lease and the related 20162017-A Vehicle to the Revolving Facility Pool in accordance with Section 3.05 except, in either case, to the extent that any such extension is required by Applicable Law.

Collection of Payments. The Servicer may grant extensions, waivers, rebates, modifications or adjustments with respect to any 20162015-A B Lease, except that if, after the 20162015-A B Cutoff Date, the Servicer grants an extension with respect to any 20162015-A B Lease which extends its related Maturity Date to a date later than the Payment Date occurring six months prior to the Final Scheduled Payment Date of the Class A-4 Notes, the Servicer shall deposit into the 20162015-A B Exchange Note Collection Account an amount equal to the related Repurchase Payment and will reallocate such 20162015-A B Lease and the related 20162015-A B Vehicle to the Revolving Facility Pool in accordance with Section 3.05 except, in either case, to the extent that any such extension is required by Applicable Law.

Collection of Payments. The Servicer may grant extensions, waivers, rebates, modifications or adjustments with respect to any 20162013-A Lease, except that if, after the 20162013-A Cutoff Date, the Servicer grants an extension with respect to any 20162013-A Lease which extends its related Maturity Date to a date later than the Payment Date occurring six months prior to the Final Scheduled Payment Date of the Class A-4 Notes, the Servicer shall deposit into the 20162013-A Exchange Note Collection Account an amount equal to the related Repurchase Payment and will reallocate such 20162013-A Lease and the related 20162013-A Vehicle to the Revolving Facility Pool in accordance with Section 3.05 except, in either case, to the extent that any such extension is required by Applicable Law.

Collection of Payments. The Servicer may grant extensions, waivers, rebates, modifications or adjustments with respect to any 2016-A B Lease, except that if, after the 2016-A B Cutoff Date, the Servicer grants an extension with respect to any 2016-A B Lease which extends its related Maturity Date to a date later than the Payment Date occurring six months prior to the Final Scheduled Payment Date of the Class A-4 Notes, the Servicer shall deposit into the 2016-A B Exchange Note Collection Account an amount equal to the related Repurchase Payment and will reallocate such 2016-A B Lease and the related 2016-A B Vehicle to the Revolving Facility Pool in accordance with Section 3.05 except, in either case, to the extent that any such extension is required by Applicable Law. Section 3.07.

Collection of Payments. The Servicer may grant extensions, waivers, rebates, modifications or adjustments with respect to any 20162015-A Lease, except that if, after the 20162015-A Cutoff Date, the Servicer grants an extension with respect to any 20162015-A Lease which extends its related Maturity Date to a date later than the Payment Date occurring six months prior to the Final Scheduled Payment Date of the Class A-4 Notes, the Servicer shall deposit into the 20162015-A Exchange Note Collection Account an amount equal to the related Repurchase Payment and will reallocate such 20162015-A Lease and the related 20162015-A Vehicle to the Revolving Facility Pool in accordance with Section 3.05 except, in either case, to the extent that any such extension is required by Applicable Law.

Collection of Payments. The Servicer may grant extensions, waivers, rebates, modifications or adjustments with respect to any 20162013-A B Lease, except that if, after the 20162013-A B Cutoff Date, the Servicer grants an extension with respect to any 20162013-A B Lease which extends its related Maturity Date to a date later than the Payment Date occurring six months prior to the Final Scheduled Payment Date of the Class A-4 Notes, the Servicer shall deposit into the 20162013-A B Exchange Note Collection Account an amount equal to the related Repurchase Payment and will reallocate such 20162013-A B Lease and the related 20162013-A B Vehicle to the Revolving Facility Pool in accordance with Section 3.05 except, in either case, to the extent that any such extension is required by Applicable Law.

Collection of Payments. The Servicer may grant extensions, waivers, rebates, modifications or adjustments with respect to any 20162014-A Lease, except that if, after the 20162014-A Cutoff Date, the Servicer grants an extension with respect to any 20162014-A Lease which extends its related Maturity Date to a date later than the Payment Date occurring six months prior to the Final Scheduled Payment Date of the Class A-4 Notes, the Servicer shall deposit into the 20162014-A Exchange Note Collection Account an amount equal to the related Repurchase Payment and will reallocate such 20162014-A Lease and the related 20162014-A Vehicle to the Revolving Facility Pool in accordance with Section 3.05 except, in either case, to the extent that any such extension is required by Applicable Law.