Depositor Member Interests. NMAC is the sole member of the Depositor and, at the Closing Date, NMAC will own its 100% membership interest in the Depositor free and clear of any Liens except as permitted by the Basic Documents.
Appears in 15 contracts
Samples: Underwriting Agreement (Nissan Auto Leasing LLC Ii), Underwriting Agreement (Nissan Auto Lease Trust 2013-A), Depositor LLC Agreement (Nissan Auto Lease Trust 2012-B)
Depositor Member Interests. NMAC is the sole member of the Depositor and, at the Closing Date, NMAC will own its 100% membership interest in the Depositor free and clear of any Liens except as permitted by the Basic Documents.. (NALT 2008-A Underwriting Agreement)
Appears in 1 contract
Samples: Underwriting Agreement (Nissan Auto Lease Trust 2008-A)
