Common use of Eligible Units Clause in Contracts

Eligible Units. As of the Cut-Off Date, each Unit included in the Transaction SUBI Portfolio was an Eligible Unit (as described below in Representations (i) through (xix). Lease Data tape Title documents (i) Confirm that the test questions for Representations (i) through (xxi) below are confirmed. (ii) If step (i) is confirmed, this will be a Test Pass.

Appears in 4 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)

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Eligible Units. As of the Cut-Off Date, each Unit included in the Transaction SUBI Portfolio was an Eligible Unit (as described below in Representations (i) through (xix)). Lease Data tape Title documents (i) Confirm that the test questions for Representations (i) through (xxi) below are confirmed. (ii) If step (i) is confirmed, this will be a Test Pass.

Appears in 1 contract

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

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