No Material Default. Neither the Purchaser nor its affiliates is in material default under any agreement, contract, instrument, or indenture of any nature whatsoever to which the Purchaser or its affiliates is bound, and which default would have a material adverse effect on the ability of the Purchaser to perform its obligations under this Agreement.
Appears in 48 contracts
Samples: Sale Agreement (Mercedes-Benz Auto Lease Trust 2019-B), Sale Agreement (Mercedes-Benz Auto Lease Trust 2019-B), Sale Agreement (Mercedes-Benz Auto Lease Trust 2019-B)
No Material Default. Neither the Purchaser Seller nor its affiliates is in material default under any agreement, contract, instrument, or indenture of any nature whatsoever to which the Purchaser Seller or its affiliates is bound, and which default would have a material adverse effect on the ability of the Purchaser Seller to perform its obligations under this Agreement.
Appears in 48 contracts
Samples: Sale Agreement (Mercedes-Benz Auto Lease Trust 2019-B), Sale Agreement (Mercedes-Benz Auto Lease Trust 2019-B), Sale Agreement (Mercedes-Benz Auto Lease Trust 2019-B)
No Material Default. Neither the Purchaser Seller nor its affiliates is in material default under any agreement, contract, instrument, or indenture of any nature whatsoever to which the Purchaser Seller or its affiliates is bound, and which default would have a material adverse effect on the ability of the Purchaser Seller to perform its obligations under this Agreement.. (h)
Appears in 1 contract
Samples: First Tier Sale Agreement
