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 2017-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, 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 2017-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, 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 20172016-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, the Servicer will reallocate the Lease and Leased Vehicle to the Revolving Facility Pool.