Common use of Lease Assets Schedule Clause in Contracts

Lease Assets Schedule. The Servicer shall maintain, and shall furnish to any of the Further Holders upon request, a schedule in electronic form identifying each Lease and related Leased Vehicle that is a Lease Asset (the “Lease Assets Schedule”). The Lease Assets Schedule shall be updated promptly to reflect the termination of any Lease Asset and the removal of any Lease Asset, including any Liquidating Lease Asset, Administrative Lease Asset or Warranty Lease Asset. If the Servicer, during a Monthly Period, assigns to a Lease Asset an account number that differs from the account number previously identifying such Lease Asset on the Lease Assets Schedule, the Servicer shall amend the Lease Assets Schedule by the related Distribution Date to report the newly assigned account number. Each such amendment shall list all new account numbers assigned to Lease Assets during such Monthly Period and shall show by cross reference the prior account numbers identifying such Lease Asset on the Lease Assets Schedule. Upon request of any of the Further Holders, the Servicer shall prepare a reconciliation of the current Lease Assets Schedule to the last Lease Assets Schedule furnished to any such Further Holders before such request indicating the removal of Leases and the related Leased Vehicles from the Lease Assets.

Lease Assets Schedule. The Servicer shall maintain, and shall furnish to any of the Further Holders and, after an Asset Representations Review Notice, the Asset Representations Reviewer upon request, a schedule in electronic form identifying each Lease and related Leased Vehicle that is a Lease Asset (the “Lease Assets Schedule”). The Lease Assets Schedule shall be updated promptly to reflect the termination of any Lease Asset and the removal of any Lease Asset, including any Liquidating Lease Asset, Administrative Lease Asset or Warranty Lease Asset. If the Servicer, during a Monthly Period, assigns to a Lease Asset an account number that differs from the account number previously identifying such Lease Asset on the Lease Assets Schedule, the Servicer shall amend the Lease Assets Schedule by the related Distribution Date to report the newly assigned account number. Each such amendment shall list all new account numbers assigned to Lease Assets during such Monthly Period and shall show by cross reference the prior account numbers identifying such Lease Asset on the Lease Assets Schedule. Upon request of any of the Further HoldersHolders or, after an Asset Representations Review Notice has been delivered, the Asset Representations Reviewer, the Servicer shall prepare a reconciliation of the current Lease Assets Schedule to the last Lease Assets Schedule furnished to any such Further Holders before such request indicating the removal of Leases and the related Leased Vehicles from the Lease Assets.