Common use of Designated Pool Clause in Contracts

Designated Pool. The Collateral Lease Agreements and the Collateral Leased Vehicles listed on Schedule A hereto (the “Schedule of 2024-1 Lease Agreements and 2024-1 Leased Vehicles”), will constitute the 2024-1 Designated Pool as of the Cutoff Date. The 2024-1 Exchange Note will be payable solely from Collections on the Collateral Assets included in the 2024-1 Designated Pool in accordance with the priorities in Section 5.1. For purposes of determining the Collections that are applicable to the 2024-1 Designated Pool, the Collateral Assets included in the 2024-1 Designated Pool will be deemed to have been included in the 2024-1 Designated Pool from and after the Cutoff Date.

Appears in 2 contracts

Samples: 2024 1 Exchange Note Supplement (GM Financial Automobile Leasing Trust 2024-1), 2024 1 Exchange Note Supplement (GM Financial Automobile Leasing Trust 2024-1)

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Designated Pool. The Collateral Lease Agreements and the Collateral Leased Vehicles listed on Schedule A hereto (the “Schedule of 20242022-1 3 Lease Agreements and 20242022-1 3 Leased Vehicles”), will constitute the 20242022-1 3 Designated Pool as of the Cutoff Date. The 20242022-1 3 Exchange Note will be payable solely from Collections on the Collateral Assets included in the 20242022-1 3 Designated Pool in accordance with the priorities in Section 5.1. For purposes of determining the Collections that are applicable to the 20242022-1 3 Designated Pool, the Collateral Assets included in the 20242022-1 3 Designated Pool will be deemed to have been included in the 20242022-1 3 Designated Pool from and after the Cutoff Date.

Appears in 1 contract

Samples: Exchange Note Supplement (GM Financial Automobile Leasing Trust 2022-3)

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Designated Pool. The Collateral Lease Agreements and the Collateral Leased Vehicles listed on Schedule A hereto (the “Schedule of 20242022-1 Lease Agreements and 20242022-1 Leased Vehicles”), will constitute the 20242022-1 Designated Pool as of the Cutoff Date. The 20242022-1 Exchange Note will be payable solely from Collections on the Collateral Assets included in the 20242022-1 Designated Pool in accordance with the priorities in Section 5.1. For purposes of determining the Collections that are applicable to the 20242022-1 Designated Pool, the Collateral Assets included in the 20242022-1 Designated Pool will be deemed to have been included in the 20242022-1 Designated Pool from and after the Cutoff Date.

Appears in 1 contract

Samples: 2022 1 Exchange Note Supplement (GM Financial Automobile Leasing Trust 2022-1)

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