Common use of Reallocation for Breach of Servicer’s Obligations Clause in Contracts

Reallocation for Breach of Servicer’s Obligations. If a Responsible Person of the Servicer has knowledge, or receives notice from the Collateral Agent, the Depositor, the 2023-A Exchange Noteholder, the Owner Trustee or the Indenture Trustee, of a breach of the Servicer's obligations in Section 3.3(e) or (f) of the Servicing Agreement that has a material adverse effect on a Lease or Leased Vehicle or the rights of the Issuer or the Indenture Trustee in any Lease or Leased Vehicle, the Servicer will reallocate the Lease and Leased Vehicle to the Revolving Facility Pool.

Reallocation for Breach of Servicer’s Obligations. If a Responsible Person of the Servicer has knowledge, or receives notice from the Collateral Agent, the Depositor, the 20232019-A Exchange Noteholder, the Owner Trustee or the Indenture Trustee, of a breach of the Servicer's ’s obligations in Section 3.3(e) or (f) of the Servicing Agreement that has a material adverse effect on a Lease or Leased Vehicle or the rights of the Issuer or the Indenture Trustee in any Lease or Leased Vehicle, the Servicer will reallocate the Lease and Leased Vehicle to the Revolving Facility Pool.

Reallocation for Breach of Servicer’s Obligations. If a Responsible Person of the Servicer has knowledge, or receives notice from the Collateral Agent, the Depositor, the 20232022-A Exchange Noteholder, the Owner Trustee or the Indenture Trustee, of a breach of the Servicer's obligations in Section 3.3(e) or (f) of the Servicing Agreement that has a material adverse effect on a Lease or Leased Vehicle or the rights of the Issuer or the Indenture Trustee in any Lease or Leased Vehicle, the Servicer will reallocate the Lease and Leased Vehicle to the Revolving Facility Pool.

Reallocation for Breach of Servicer’s Obligations. If a Responsible Person of the Servicer has knowledge, or receives notice from the Collateral Agent, the Depositor, the 20232018-A Exchange Noteholder, the Owner Trustee or the Indenture Trustee, of a breach of the Servicer's ’s obligations in Section 3.3(e) or (f) of the Servicing Agreement that has a material adverse effect on a Lease or Leased Vehicle or the rights of the Issuer or the Indenture Trustee in any Lease or Leased Vehicle, the Servicer will reallocate the Lease and Leased Vehicle to the Revolving Facility Pool.

Reallocation for Breach of Servicer’s Obligations. If a Responsible Person of the Servicer has knowledge, or receives notice from the Collateral Agent, the Depositor, the 20232020-A Exchange Noteholder, the Owner Trustee or the Indenture Trustee, of a breach of the Servicer's ’s obligations in Section 3.3(e) or (f) of the Servicing Agreement that has a material adverse effect on a Lease or Leased Vehicle or the rights of the Issuer or the Indenture Trustee in any Lease or Leased Vehicle, the Servicer will reallocate the Lease and Leased Vehicle to the Revolving Facility Pool.

Reallocation for Breach of Servicer’s Obligations. If a Responsible Person of the Servicer has knowledge, or receives notice from the Collateral Agent, the Depositor, the 20232021-A B Exchange Noteholder, the Owner Trustee or the Indenture Trustee, of a breach of the Servicer's ’s obligations in Section 3.3(e) or (f) of the Servicing Agreement that has a material adverse effect on a Lease or Leased Vehicle or the rights of the Issuer or the Indenture Trustee in any Lease or Leased Vehicle, the Servicer will reallocate the Lease and Leased Vehicle to the Revolving Facility Pool.

Reallocation for Breach of Servicer’s Obligations. If a Responsible Person of the Servicer has knowledge, or receives notice from the Collateral Agent, the Depositor, the 20232019-A B Exchange Noteholder, the Owner Trustee or the Indenture Trustee, of a breach of the Servicer's ’s obligations in Section 3.3(e) or (f) of the Servicing Agreement that has a material adverse effect on a Lease or Leased Vehicle or the rights of the Issuer or the Indenture Trustee in any Lease or Leased Vehicle, the Servicer will reallocate the Lease and Leased Vehicle to the Revolving Facility Pool.

Reallocation for Breach of Servicer’s Obligations. If a Responsible Person of the Servicer has knowledge, or receives notice from the Collateral Agent, the Depositor, the 20232017-A B Exchange Noteholder, the Owner Trustee or the Indenture Trustee, of a breach of the Servicer's ’s obligations in Section 3.3(e) or (f) of the Servicing Agreement that has a material adverse effect on a Lease or Leased Vehicle or the rights of the Issuer or the Indenture Trustee in any Lease or Leased Vehicle, the Servicer will reallocate the Lease and Leased Vehicle to the Revolving Facility Pool.

Reallocation for Breach of Servicer’s Obligations. If a Responsible Person of the Servicer has knowledge, or receives notice from the Collateral Agent, the Depositor, the 20232021-A Exchange Noteholder, the Owner Trustee or the Indenture Trustee, of a breach of the Servicer's ’s obligations in Section 3.3(e) or (f) of the Servicing Agreement that has a material adverse effect on a Lease or Leased Vehicle or the rights of the Issuer or the Indenture Trustee in any Lease or Leased Vehicle, the Servicer will reallocate the Lease and Leased Vehicle to the Revolving Facility Pool.

Reallocation for Breach of Servicer’s Obligations. If a Responsible Person of the Servicer has knowledge, or receives notice from the Collateral Agent, the Depositor, the 20232018-A B Exchange Noteholder, the Owner Trustee or the Indenture Trustee, of a breach of the Servicer's ’s obligations in Section 3.3(e) or (f) of the Servicing Agreement that has a material adverse effect on a Lease or Leased Vehicle or the rights of the Issuer or the Indenture Trustee in any Lease or Leased Vehicle, the Servicer will reallocate the Lease and Leased Vehicle to the Revolving Facility Pool.

Reallocation for Breach of Servicer’s Obligations. If a Responsible Person of the Servicer has knowledge, or receives notice from the Collateral Agent, the Depositor, the 20232024-A B Exchange Noteholder, the Owner Trustee or the Indenture Trustee, of a breach of the Servicer's obligations in Section 3.3(e) or (f) of the Servicing Agreement that has a material adverse effect on a Lease or Leased Vehicle or the rights of the Issuer or the Indenture Trustee in any Lease or Leased Vehicle, the Servicer will reallocate the Lease and Leased Vehicle to the Revolving Facility Pool.

Reallocation for Breach of Servicer’s Obligations. If a Responsible Person of the Servicer has knowledge, or receives notice from the Collateral Agent, the Depositor, the 20232024-A Exchange Noteholder, the Owner Trustee or the Indenture Trustee, of a breach of the Servicer's obligations in Section 3.3(e) or (f) of the Servicing Agreement that has a material adverse effect on a Lease or Leased Vehicle or the rights of the Issuer or the Indenture Trustee in any Lease or Leased Vehicle, the Servicer will reallocate the Lease and Leased Vehicle to the Revolving Facility Pool.

Reallocation for Breach of Servicer’s Obligations. If a Responsible Person of the Servicer has knowledge, or receives notice from the Collateral Agent, the Depositor, the 20232020-A B Exchange Noteholder, the Owner Trustee or the Indenture Trustee, of a breach of the Servicer's ’s obligations in Section 3.3(e) or (f) of the Servicing Agreement that has a material adverse effect on a Lease or Leased Vehicle or the rights of the Issuer or the Indenture Trustee in any Lease or Leased Vehicle, the Servicer will reallocate the Lease and Leased Vehicle to the Revolving Facility Pool.

Reallocation for Breach of Servicer’s Obligations. If a Responsible Person of the Servicer has knowledge, or receives notice from the Collateral Agent, the Depositor, the 2023-A B Exchange Noteholder, the Owner Trustee or the Indenture Trustee, of a breach of the Servicer's obligations in Section 3.3(e) or (f) of the Servicing Agreement that has a material adverse effect on a Lease or Leased Vehicle or the rights of the Issuer or the Indenture Trustee in any Lease or Leased Vehicle, the Servicer will reallocate the Lease and Leased Vehicle to the Revolving Facility Pool.

Reallocation for Breach of Servicer’s Obligations. If a Responsible Person of the Servicer has knowledge, or receives notice from the Collateral Agent, the Depositor, the 2023-A 20__-__ Exchange Noteholder, the Owner Trustee or the Indenture Trustee, of a breach of the Servicer's obligations in Section 3.3(e) or (f) of the Servicing Agreement that has a material adverse effect on a Lease or Leased Vehicle or the rights of the Issuer or the Indenture Trustee in any Lease or Leased Vehicle, the Servicer will reallocate the Lease and Leased Vehicle to the Revolving Facility Pool.

Reallocation for Breach of Servicer’s Obligations. If a Responsible Person of the Servicer has knowledge, or receives notice from the Collateral Agent, the Depositor, the 2023-A 20 - Exchange Noteholder, the Owner Trustee or the Indenture Trustee, of a breach of the Servicer's ’s obligations in Section 3.3(e) or (f) of the Servicing Agreement that has a material adverse effect on a Lease or Leased Vehicle or the rights of the Issuer or the Indenture Trustee in any Lease or Leased Vehicle, the Servicer will reallocate the Lease and Leased Vehicle to the Revolving Facility Pool.