Common use of Delinquencies; No Payment Default Clause in Contracts

Delinquencies; No Payment Default. The 2012-A Lease is not delinquent by more than 30 days. As of the Cutoff Date, none of the 2012-A Leases is a Defaulted Lease.

Appears in 2 contracts

Samples: Collateral Agency Agreement (Mercedes-Benz Auto Lease Trust 2012-A), Collateral Agency Agreement (Mercedes-Benz Auto Lease Trust 2012-A)

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Delinquencies; No Payment Default. The 20122013-A Lease is not delinquent by more than 30 days. As of the Cutoff Date, none of the 20122013-A Leases is a Defaulted Lease.

Appears in 1 contract

Samples: Collateral Agency Agreement (Mercedes-Benz Auto Lease Trust 2013-A)

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Delinquencies; No Payment Default. The 20122014-A Lease is not delinquent by more than 30 days. As of the Cutoff Date, none of the 20122014-A Leases is a Defaulted Lease.

Appears in 1 contract

Samples: Administration Agreement (Mercedes-Benz Auto Lease Trust 2014-A)

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