Exchange Note Remedies. (a) If an Exchange Note Default has occurred, the 20 - Exchange Noteholder may take the actions set forth in Section 6.4(a) of the Credit and Security Agreement. (b) Any Secured Party may submit a bid with respect to any such liquidation or sale of the Collateral included in the 20 - Designated Pool pursuant to Section 6.4(a)(ii)(z) of the Credit and Security Agreement.
Appears in 3 contracts
Samples: Exchange Note Supplement (ACAR Leasing Ltd.), Exchange Note Supplement (ACAR Leasing Ltd.), Exchange Note Supplement (ACAR Leasing Ltd.)
Exchange Note Remedies. (a) If an Exchange Note Default has occurred, the 20 - 2017-3 Exchange Noteholder may take the actions set forth in Section 6.4(a) of the Credit and Security Agreement.
(b) Any Secured Party may submit a bid with respect to any such liquidation or sale of the Collateral included in the 20 - 2017-3 Designated Pool pursuant to Section 6.4(a)(ii)(z) of the Credit and Security Agreement.
Appears in 3 contracts
Samples: 2017 3 Exchange Note Supplement (GM Financial Automobile Leasing Trust 2017-3), 2017 3 Exchange Note Supplement (GM Financial Automobile Leasing Trust 2017-3), 2017 3 Exchange Note Supplement (GM Financial Automobile Leasing Trust 2017-3)
Exchange Note Remedies. (a) If an Exchange Note Default has occurred, the 20 - 2023-3 Exchange Noteholder may take the actions set forth in Section 6.4(a) of the Credit and Security Agreement.
(b) Any Secured Party may submit a bid with respect to any such liquidation or sale of the Collateral included in the 20 - 2023-3 Designated Pool pursuant to Section 6.4(a)(ii)(z) of the Credit and Security Agreement.
Appears in 2 contracts
Samples: 2023 3 Exchange Note Supplement (GM Financial Automobile Leasing Trust 2023-3), 2023 3 Exchange Note Supplement (GM Financial Automobile Leasing Trust 2023-3)
Exchange Note Remedies. (a) If an Exchange Note Default has occurred, the 20 - 2016-1 Exchange Noteholder may take the actions set forth in Section 6.4(a) of the Credit and Security Agreement.
(b) Any Secured Party may submit a bid with respect to any such liquidation or sale of the Collateral included in the 20 - 2016-1 Designated Pool pursuant to Section 6.4(a)(ii)(z) of the Credit and Security Agreement.
Appears in 2 contracts
Samples: 2016 1 Exchange Note Supplement (GMF Leasing LLC), 2016 1 Exchange Note Supplement (GMF Leasing LLC)
Exchange Note Remedies. (a) If a Facility Default or an Exchange Note Default has occurred, the 20 - 2015-A Exchange Noteholder may take the actions set forth in Section 6.4(a6.05(a) of the Credit and Security Agreement.
(b) Any 2015-A Secured Party may submit a bid with respect to for any such liquidation or sale of the Collateral included in the 20 - Designated 2015-A Reference Pool pursuant to under Section 6.4(a)(ii)(z6.05(a)(ii)(z) of the Credit and Security Agreement.
Appears in 2 contracts
Samples: Credit and Security Agreement (Ford Credit Auto Lease Trust 2015-A), Credit and Security Agreement (Ford Credit Auto Lease Trust 2015-A)
Exchange Note Remedies. (a) If an Exchange Note Default has occurred, the 20 - 2022-2 Exchange Noteholder may take the actions set forth in Section 6.4(a) of the Credit and Security Agreement.
(b) Any Secured Party may submit a bid with respect to any such liquidation or sale of the Collateral included in the 20 - 2022-2 Designated Pool pursuant to Section 6.4(a)(ii)(z) of the Credit and Security Agreement.
Appears in 2 contracts
Samples: 2022 2 Exchange Note Supplement (GM Financial Automobile Leasing Trust 2022-2), 2022 2 Exchange Note Supplement (GM Financial Automobile Leasing Trust 2022-2)
Exchange Note Remedies. (a) If an Exchange Note Default has occurred, the 20 - 2024-3 Exchange Noteholder may take the actions set forth in Section 6.4(a) of the Credit and Security Agreement.
(b) Any Secured Party may submit a bid with respect to any such liquidation or sale of the Collateral included in the 20 - 2024-3 Designated Pool pursuant to Section 6.4(a)(ii)(z) of the Credit and Security Agreement.
Appears in 2 contracts
Samples: 2024 3 Exchange Note Supplement (GM Financial Automobile Leasing Trust 2024-3), 2024 3 Exchange Note Supplement (GM Financial Automobile Leasing Trust 2024-3)
Exchange Note Remedies. (a) If an Exchange Note Default has occurred, the 20 - 2015-1 Exchange Noteholder may take the actions set forth in Section 6.4(a) of the Credit and Security Agreement.
(b) Any Secured Party may submit a bid with respect to any such liquidation or sale of the Collateral included in the 20 - 2015-1 Designated Pool pursuant to Section 6.4(a)(ii)(z) of the Credit and Security Agreement.
Appears in 2 contracts
Samples: 2015 1 Exchange Note Supplement (GM Financial Automobile Leasing Trust 2015-1), 2015 1 Exchange Note Supplement (GM Financial Automobile Leasing Trust 2015-1)
Exchange Note Remedies. (a) If an Exchange Note Default has occurred, the 20 - 2021-3 Exchange Noteholder may take the actions set forth in Section 6.4(a) of the Credit and Security Agreement.
(b) Any Secured Party may submit a bid with respect to any such liquidation or sale of the Collateral included in the 20 - 2021-3 Designated Pool pursuant to Section 6.4(a)(ii)(z) of the Credit and Security Agreement.
Appears in 2 contracts
Samples: 2021 3 Exchange Note Supplement (GM Financial Automobile Leasing Trust 2021-3), 2021 3 Exchange Note Supplement (GM Financial Automobile Leasing Trust 2021-3)
Exchange Note Remedies. (a) If an Exchange Note Default has occurred, the 20 - 2020-2 Exchange Noteholder may take the actions set forth in Section 6.4(a) of the Credit and Security Agreement.
(b) Any Secured Party may submit a bid with respect to any such liquidation or sale of the Collateral included in the 20 - 2020-2 Designated Pool pursuant to Section 6.4(a)(ii)(z) of the Credit and Security Agreement.
Appears in 2 contracts
Samples: Exchange Note Supplement (GM Financial Automobile Leasing Trust 2020-2), 2020 2 Exchange Note Supplement (GM Financial Automobile Leasing Trust 2020-2)
Exchange Note Remedies. (a) If an Exchange Note Default has occurred, the 20 - 2016-2 Exchange Noteholder may take the actions set forth in Section 6.4(a) of the Credit and Security Agreement.
(b) Any Secured Party may submit a bid with respect to any such liquidation or sale of the Collateral included in the 20 - 2016-2 Designated Pool pursuant to Section 6.4(a)(ii)(z) of the Credit and Security Agreement.
Appears in 2 contracts
Samples: 2016 2 Exchange Note Supplement (GMF Leasing LLC), 2016 2 Exchange Note Supplement (GMF Leasing LLC)
Exchange Note Remedies. (a) If an Exchange Note Default has occurred, the 20 - 2021-1 Exchange Noteholder may take the actions set forth in Section 6.4(a) of the Credit and Security Agreement.
(b) Any Secured Party may submit a bid with respect to any such liquidation or sale of the Collateral included in the 20 - 2021-1 Designated Pool pursuant to Section 6.4(a)(ii)(z) of the Credit and Security Agreement.
Appears in 2 contracts
Samples: 2021 1 Exchange Note Supplement (GM Financial Automobile Leasing Trust 2021-1), 2021 1 Exchange Note Supplement (GM Financial Automobile Leasing Trust 2021-1)
Exchange Note Remedies. (a) If an Exchange Note Default has occurred, the 20 - 2018-2 Exchange Noteholder may take the actions set forth in Section 6.4(a) of the Credit and Security Agreement.
(b) Any Secured Party may submit a bid with respect to any such liquidation or sale of the Collateral included in the 20 - 2018-2 Designated Pool pursuant to Section 6.4(a)(ii)(z) of the Credit and Security Agreement.
Appears in 2 contracts
Samples: 2018 2 Exchange Note Supplement (GM Financial Automobile Leasing Trust 2018-2), 2018 2 Exchange Note Supplement (GM Financial Automobile Leasing Trust 2018-2)
Exchange Note Remedies. (a) If a Facility Default or an Exchange Note Default has occurred, the 20 - 2015-B Exchange Noteholder may take the actions set forth in Section 6.4(a6.05(a) of the Credit and Security Agreement.
(b) Any 2015-B Secured Party may submit a bid with respect to for any such liquidation or sale of the Collateral included in the 20 - Designated 2015-B Reference Pool pursuant to under Section 6.4(a)(ii)(z6.05(a)(ii)(z) of the Credit and Security Agreement.
Appears in 2 contracts
Samples: Credit and Security Agreement (Ford Credit Auto Lease Trust 2015-B), Credit and Security Agreement (Ford Credit Auto Lease Trust 2015-B)
Exchange Note Remedies. (a) If a Facility Default or an Exchange Note Default has occurred, the 20 - 2013-B Exchange Noteholder may take the actions set forth in Section 6.4(a6.05(a) of the Credit and Security Agreement.
(b) Any 2013-B Secured Party may submit a bid with respect to any such liquidation or sale of the Collateral included in the 20 - Designated 2013-B Reference Pool pursuant to Section 6.4(a)(ii)(z6.05(a)(ii)(z) of the Credit and Security Agreement.
Appears in 2 contracts
Samples: Credit and Security Agreement (Ford Credit Auto Lease Trust 2013-B), Credit and Security Agreement (Ford Credit Auto Lease Trust 2013-B)
Exchange Note Remedies. (a) If an Exchange Note Default has occurred, the 20 - 2016-3 Exchange Noteholder may take the actions set forth in Section 6.4(a) of the Credit and Security Agreement.
(b) Any Secured Party may submit a bid with respect to any such liquidation or sale of the Collateral included in the 20 - 2016-3 Designated Pool pursuant to Section 6.4(a)(ii)(z) of the Credit and Security Agreement.
Appears in 2 contracts
Samples: 2016 3 Exchange Note Supplement (GMF Leasing LLC), Exchange Note Supplement (GMF Leasing LLC)
Exchange Note Remedies. (a) If an Exchange Note Default has occurred, the 20 - 2020-1 Exchange Noteholder may take the actions set forth in Section 6.4(a) of the Credit and Security Agreement.
(b) Any Secured Party may submit a bid with respect to any such liquidation or sale of the Collateral included in the 20 - 2020-1 Designated Pool pursuant to Section 6.4(a)(ii)(z) of the Credit and Security Agreement.
Appears in 2 contracts
Samples: 2020 1 Exchange Note Supplement (GM Financial Automobile Leasing Trust 2020-1), 2020 1 Exchange Note Supplement (GM Financial Automobile Leasing Trust 2020-1)
Exchange Note Remedies. (a) If an Exchange Note Default has occurred, the 20 - 2019-3 Exchange Noteholder may take the actions set forth in Section 6.4(a) of the Credit and Security Agreement.
(b) Any Secured Party may submit a bid with respect to any such liquidation or sale of the Collateral included in the 20 - 2019-3 Designated Pool pursuant to Section 6.4(a)(ii)(z) of the Credit and Security Agreement.
Appears in 2 contracts
Samples: 2019 3 Exchange Note Supplement (GMF Leasing LLC), 2019 3 Exchange Note Supplement (GMF Leasing LLC)
Exchange Note Remedies. (a) If an Exchange Note Default has occurred, the 20 - 2018-1 Exchange Noteholder may take the actions set forth in Section 6.4(a) of the Credit and Security Agreement.
(b) Any Secured Party may submit a bid with respect to any such liquidation or sale of the Collateral included in the 20 - 2018-1 Designated Pool pursuant to Section 6.4(a)(ii)(z) of the Credit and Security Agreement.
Appears in 2 contracts
Samples: 2018 1 Exchange Note Supplement (GMF Leasing LLC), Exchange Note Supplement (GM Financial Automobile Leasing Trust 2018-1)
Exchange Note Remedies. (a) If a Facility Default or an Exchange Note Default has occurred, the 20 - 2013-A Exchange Noteholder may take the actions set forth in Section 6.4(a6.05(a) of the Credit and Security Agreement.
(b) Any 2013-A Secured Party may submit a bid with respect to any such liquidation or sale of the Collateral included in the 20 - Designated 2013-A Reference Pool pursuant to Section 6.4(a)(ii)(z6.05(a)(ii)(z) of the Credit and Security Agreement.
Appears in 2 contracts
Samples: Credit and Security Agreement (Ford Credit Auto Lease Trust 2013-A), Credit and Security Agreement (Ford Credit Auto Lease Trust 2013-A)
Exchange Note Remedies. (a) If an Exchange Note Default has occurred, the 20 - 2023-2 Exchange Noteholder may take the actions set forth in Section 6.4(a) of the Credit and Security Agreement.
(b) Any Secured Party may submit a bid with respect to any such liquidation or sale of the Collateral included in the 20 - 2023-2 Designated Pool pursuant to Section 6.4(a)(ii)(z) of the Credit and Security Agreement.
Appears in 2 contracts
Samples: 2023 2 Exchange Note Supplement (GM Financial Automobile Leasing Trust 2023-2), 2023 2 Exchange Note Supplement (GM Financial Automobile Leasing Trust 2023-2)
Exchange Note Remedies. (a) If an Exchange Note Default has occurred, the 20 - 2021-2 Exchange Noteholder may take the actions set forth in Section 6.4(a) of the Credit and Security Agreement.
(b) Any Secured Party may submit a bid with respect to any such liquidation or sale of the Collateral included in the 20 - 2021-2 Designated Pool pursuant to Section 6.4(a)(ii)(z) of the Credit and Security Agreement.
Appears in 2 contracts
Samples: 2021 2 Exchange Note Supplement (GM Financial Automobile Leasing Trust 2021-2), 2021 2 Exchange Note Supplement (GM Financial Automobile Leasing Trust 2021-2)
Exchange Note Remedies. (a) If an Exchange Note Default has occurred, the 20 - 2019-2 Exchange Noteholder may take the actions set forth in Section 6.4(a) of the Credit and Security Agreement.
(b) Any Secured Party may submit a bid with respect to any such liquidation or sale of the Collateral included in the 20 - 2019-2 Designated Pool pursuant to Section 6.4(a)(ii)(z) of the Credit and Security Agreement.
Appears in 2 contracts
Samples: 2019 2 Exchange Note Supplement (GMF Leasing LLC), 2019 2 Exchange Note Supplement (GMF Leasing LLC)
Exchange Note Remedies. (a) If an Exchange Note Default has occurred, the 20 - 2015-3 Exchange Noteholder may take the actions set forth in Section 6.4(a) of the Credit and Security Agreement.
(b) Any Secured Party may submit a bid with respect to any such liquidation or sale of the Collateral included in the 20 - 2015-3 Designated Pool pursuant to Section 6.4(a)(ii)(z) of the Credit and Security Agreement.
Appears in 2 contracts
Samples: 2015 3 Exchange Note Supplement (GMF Leasing LLC), 2015 3 Exchange Note Supplement (GMF Leasing LLC)
Exchange Note Remedies. (a) If an Exchange Note Default has occurred, the 20 - 2018-3 Exchange Noteholder may take the actions set forth in Section 6.4(a) of the Credit and Security Agreement.
(b) Any Secured Party may submit a bid with respect to any such liquidation or sale of the Collateral included in the 20 - 2018-3 Designated Pool pursuant to Section 6.4(a)(ii)(z) of the Credit and Security Agreement.
Appears in 2 contracts
Samples: Exchange Note Supplement (GM Financial Automobile Leasing Trust 2018-3), 2018 3 Exchange Note Supplement (GMF Leasing LLC)
Exchange Note Remedies. (a) If a Facility Default or an Exchange Note Default has occurred, the 20 - 2014-B Exchange Noteholder may take the actions set forth in Section 6.4(a6.05(a) of the Credit and Security Agreement.
(b) Any 2014-B Secured Party may submit a bid with respect to for any such liquidation or sale of the Collateral included in the 20 - Designated 2014-B Reference Pool pursuant to under Section 6.4(a)(ii)(z6.05(a)(ii)(z) of the Credit and Security Agreement.
Appears in 2 contracts
Samples: Credit and Security Agreement (Ford Credit Auto Lease Trust 2014-B), Credit and Security Agreement (Ford Credit Auto Lease Trust 2014-B)
Exchange Note Remedies. (a) If an Exchange Note Default has occurred, the 20 - 2024-2 Exchange Noteholder may take the actions set forth in Section 6.4(a) of the Credit and Security Agreement.
(b) Any Secured Party may submit a bid with respect to any such liquidation or sale of the Collateral included in the 20 - 2024-2 Designated Pool pursuant to Section 6.4(a)(ii)(z) of the Credit and Security Agreement.
Appears in 2 contracts
Samples: 2024 2 Exchange Note Supplement (GM Financial Automobile Leasing Trust 2024-2), 2024 2 Exchange Note Supplement (GM Financial Automobile Leasing Trust 2024-2)
Exchange Note Remedies. (a) If an Exchange Note Default has occurred, the 20 - 2015-2 Exchange Noteholder may take the actions set forth in Section 6.4(a) of the Credit and Security Agreement.
(b) Any Secured Party may submit a bid with respect to any such liquidation or sale of the Collateral included in the 20 - 2015-2 Designated Pool pursuant to Section 6.4(a)(ii)(z) of the Credit and Security Agreement.
Appears in 2 contracts
Samples: 2015 2 Exchange Note Supplement (GMF Leasing LLC), 2015 2 Exchange Note Supplement (GMF Leasing LLC)
Exchange Note Remedies. (a) If an Exchange Note Default has occurred, the 20 - 2020-3 Exchange Noteholder may take the actions set forth in Section 6.4(a) of the Credit and Security Agreement.
(b) Any Secured Party may submit a bid with respect to any such liquidation or sale of the Collateral included in the 20 - 2020-3 Designated Pool pursuant to Section 6.4(a)(ii)(z) of the Credit and Security Agreement.
Appears in 2 contracts
Samples: 2020 3 Exchange Note Supplement (GM Financial Automobile Leasing Trust 2020-3), 2020 3 Exchange Note Supplement (GM Financial Automobile Leasing Trust 2020-3)
Exchange Note Remedies. (a) If an Exchange Note Default has occurred, the 20 - 2017-1 Exchange Noteholder may take the actions set forth in Section 6.4(a) of the Credit and Security Agreement.
(b) Any Secured Party may submit a bid with respect to any such liquidation or sale of the Collateral included in the 20 - 2017-1 Designated Pool pursuant to Section 6.4(a)(ii)(z) of the Credit and Security Agreement.
Appears in 2 contracts
Samples: 2017 1 Exchange Note Supplement (GMF Leasing LLC), 2017 1 Exchange Note Supplement (GMF Leasing LLC)
Exchange Note Remedies. (a) If an Exchange Note Default has occurred, the 20 - 2017-2 Exchange Noteholder may take the actions set forth in Section 6.4(a) of the Credit and Security Agreement.
(b) Any Secured Party may submit a bid with respect to any such liquidation or sale of the Collateral included in the 20 - 2017-2 Designated Pool pursuant to Section 6.4(a)(ii)(z) of the Credit and Security Agreement.
Appears in 2 contracts
Samples: 2017 2 Exchange Note Supplement (GM Financial Automobile Leasing Trust 2017-2), 2017 2 Exchange Note Supplement (GMF Leasing LLC)
Exchange Note Remedies. (a) If a Facility Default or an Exchange Note Default has occurred, the 20 - 2011-B Exchange Noteholder may take the actions set forth in Section 6.4(a6.05(a) of the Credit and Security Agreement.
(b) Any Secured Party may submit a bid with respect to any such liquidation or sale of the Collateral included in the 20 - Designated 2011-B Reference Pool pursuant to Section 6.4(a)(ii)(z6.05(a)(ii)(z) of the Credit and Security Agreement.
Appears in 2 contracts
Samples: Credit and Security Agreement (Ford Credit Auto Lease Trust 2011-B), Credit and Security Agreement (Ford Credit Auto Lease Trust 2011-B)
Exchange Note Remedies. (a) If an Exchange Note Default has occurred, the 20 - 2024-1 Exchange Noteholder may take the actions set forth in Section 6.4(a) of the Credit and Security Agreement.
(b) Any Secured Party may submit a bid with respect to any such liquidation or sale of the Collateral included in the 20 - 2024-1 Designated Pool pursuant to Section 6.4(a)(ii)(z) of the Credit and Security Agreement.
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)
Exchange Note Remedies. (a) If a Facility Default or an Exchange Note Default has occurred, the 20 - 2012-B Exchange Noteholder may take the actions set forth in Section 6.4(a6.05(a) of the Credit and Security Agreement.
(b) Any 2012-B Secured Party may submit a bid with respect to any such liquidation or sale of the Collateral included in the 20 - Designated 2012-B Reference Pool pursuant to Section 6.4(a)(ii)(z6.05(a)(ii)(z) of the Credit and Security Agreement.
Appears in 2 contracts
Samples: Credit and Security Agreement (Ford Credit Auto Lease Trust 2012-B), Credit and Security Agreement (Ford Credit Auto Lease Trust 2012-B)
Exchange Note Remedies. (a) If an Exchange Note Default has occurred, the 20 - 2023-1 Exchange Noteholder may take the actions set forth in Section 6.4(a) of the Credit and Security Agreement.
(b) Any Secured Party may submit a bid with respect to any such liquidation or sale of the Collateral included in the 20 - 2023-1 Designated Pool pursuant to Section 6.4(a)(ii)(z) of the Credit and Security Agreement.
Appears in 2 contracts
Samples: 2023 1 Exchange Note Supplement (GM Financial Automobile Leasing Trust 2023-1), 2023 1 Exchange Note Supplement (GM Financial Automobile Leasing Trust 2023-1)
Exchange Note Remedies. (a) If an Exchange Note Default has occurred, the 20 - 2019-1 Exchange Noteholder may take the actions set forth in Section 6.4(a) of the Credit and Security Agreement.
(b) Any Secured Party may submit a bid with respect to any such liquidation or sale of the Collateral included in the 20 - 2019-1 Designated Pool pursuant to Section 6.4(a)(ii)(z) of the Credit and Security Agreement.
Appears in 2 contracts
Samples: 2019 1 Exchange Note Supplement (GMF Leasing LLC), 2019 1 Exchange Note Supplement (GMF Leasing LLC)
Exchange Note Remedies. (a) If a Facility Default or an Exchange Note Default has occurred, the 20 - 2014-A Exchange Noteholder may take the actions set forth in Section 6.4(a6.05(a) of the Credit and Security Agreement.
(b) Any 2014-A Secured Party may submit a bid with respect to any such liquidation or sale of the Collateral included in the 20 - Designated 2014-A Reference Pool pursuant to Section 6.4(a)(ii)(z6.05(a)(ii)(z) of the Credit and Security Agreement.
Appears in 2 contracts
Samples: Credit and Security Agreement (Ford Credit Auto Lease Trust 2014-A), Credit and Security Agreement (Ford Credit Auto Lease Trust 2014-A)
Exchange Note Remedies. (a) If a Facility Default or an Exchange Note Default has occurred, the 20 - 2011-A Exchange Noteholder may take the actions set forth in Section 6.4(a6.05(a) of the Credit and Security Agreement.
(b) Any Secured Party may submit a bid with respect to any such liquidation or sale of the Collateral included in the 20 - Designated 2011-A Reference Pool pursuant to Section 6.4(a)(ii)(z6.05(a)(ii)(z) of the Credit and Security Agreement.
Appears in 2 contracts
Samples: Credit and Security Agreement (Ford Credit Auto Lease Trust 2011-A), Credit and Security Agreement (Ford Credit Auto Lease Trust 2011-A)
Exchange Note Remedies. (a) If a Facility Default or an Exchange Note Default has occurred, the 20 - 2012-A Exchange Noteholder may take the actions set forth in Section 6.4(a6.05(a) of the Credit and Security Agreement.
(b) Any 2012-A Secured Party may submit a bid with respect to any such liquidation or sale of the Collateral included in the 20 - Designated 2012-A Reference Pool pursuant to Section 6.4(a)(ii)(z6.05(a)(ii)(z) of the Credit and Security Agreement.
Appears in 2 contracts
Samples: Credit and Security Agreement (Ford Credit Auto Lease Trust 2012-A), Credit and Security Agreement (Ford Credit Auto Lease Trust 2012-A)
Exchange Note Remedies. (a) If an Exchange Note Default has occurred, the 20 - 2022-1 Exchange Noteholder may take the actions set forth in Section 6.4(a) of the Credit and Security Agreement.
(b) Any Secured Party may submit a bid with respect to any such liquidation or sale of the Collateral included in the 20 - 2022-1 Designated Pool pursuant to Section 6.4(a)(ii)(z) of the Credit and Security Agreement.
Appears in 1 contract
Samples: 2022 1 Exchange Note Supplement (GM Financial Automobile Leasing Trust 2022-1)
Exchange Note Remedies. (a) If a Facility Default or an Exchange Note Default has occurred, the 20 - 20_-_ Exchange Noteholder may take the actions set forth in Section 6.4(a6.05(a) of the Credit and Security Agreement.
(b) Any Secured Party may submit a bid with respect to any such liquidation or sale of the Collateral included in the 20 - Designated 20_-_ Reference Pool pursuant to Section 6.4(a)(ii)(z6.05(a)(ii)(z) of the Credit and Security Agreement.
Appears in 1 contract
Exchange Note Remedies. (a) If an Exchange Note Default has occurred, the 20 - 20__-_ Exchange Noteholder may take the actions set forth in Section 6.4(a) of the Credit and Security Agreement.
(b) Any Secured Party may submit a bid with respect to any such liquidation or sale of the Collateral included in the 20 - 20__-_ Designated Pool pursuant to Section 6.4(a)(ii)(z) of the Credit and Security Agreement.
Appears in 1 contract
Exchange Note Remedies. (a) If an Exchange Note Default has occurred, the 20 - 2022-3 Exchange Noteholder may take the actions set forth in Section 6.4(a) of the Credit and Security Agreement.
(b) Any Secured Party may submit a bid with respect to any such liquidation or sale of the Collateral included in the 20 - 2022-3 Designated Pool pursuant to Section 6.4(a)(ii)(z) of the Credit and Security Agreement.
Appears in 1 contract
Samples: Exchange Note Supplement (GM Financial Automobile Leasing Trust 2022-3)