Common use of Defaulted Lease Clause in Contracts

Defaulted Lease. a. Review the data tape and confirm the Lease is not more than 30 days past due as of the Cut-Off Date. b. Review the data tape and confirm that, if the related Vehicle has been repossessed, it has been charged off. c. Review the data tape and confirm that the Lease has not been charged off.

Appears in 6 contracts

Samples: Asset Representations Review Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Asset Representations Review Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Asset Representations Review Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC)

AutoNDA by SimpleDocs

Defaulted Lease. a. Review the data tape and confirm the Lease is not more than 30 [30] days past due as of the Cut-Off Date. b. Review the data tape and confirm that, if the related Vehicle has been repossessed, it has been charged off. c. Review the data tape and confirm that the Lease has not been charged off.

Appears in 2 contracts

Samples: Asset Representations Review Agreement (Vw Credit Leasing LTD), Asset Representations Review Agreement (Vw Credit Leasing LTD)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!