Common use of Sale of the First-Tier Assets Clause in Contracts

Sale of the First-Tier Assets. (a) Effective as of the 2024-A Closing Date, the Seller sells, transfers, assigns and otherwise conveys to the Purchaser, without recourse, all right, title and interest of the Seller, whether now owned or hereafter acquired, in, to and under the 2024-A Exchange Note and all of the Seller’s rights under the 2024-A Basic Documents, including all monies paid thereon and all monies due thereon after the 2024-A Cutoff Date (collectively, the “First-Tier Assets”).

Appears in 2 contracts

Samples: Sale Agreement (Mercedes-Benz Auto Lease Trust 2024-A), Sale Agreement (Mercedes-Benz Auto Lease Trust 2024-A)

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Sale of the First-Tier Assets. (a) Effective as of the 20242020-A Closing Date, the Seller sells, transfers, assigns and otherwise conveys to the Purchaser, without recourse, all right, title and interest of the Seller, whether now owned or hereafter acquired, in, to and under the 20242020-A Exchange Note and all of the Seller’s rights under the 20242020-A Basic Documents, including all monies paid thereon and all monies due thereon after the 20242020-A Cutoff Date (collectively, the “First-Tier Assets”).

Appears in 2 contracts

Samples: Sale Agreement (Mercedes-Benz Auto Lease Trust 2020-A), Sale Agreement (Mercedes-Benz Auto Lease Trust 2020-A)

Sale of the First-Tier Assets. (a) Effective as of the 20242020-A B Closing Date, the Seller sells, transfers, assigns and otherwise conveys to the Purchaser, without recourse, all right, title and interest of the Seller, whether now owned or hereafter acquired, in, to and under the 20242020-A B Exchange Note and all of the Seller’s rights under the 20242020-A B Basic Documents, including all monies paid thereon and all monies due thereon after the 20242020-A B Cutoff Date (collectively, the “First-Tier Assets”).

Appears in 2 contracts

Samples: Sale Agreement (Mercedes-Benz Auto Lease Trust 2020-B), Sale Agreement (Mercedes-Benz Auto Lease Trust 2020-B)

Sale of the First-Tier Assets. (a) Effective as of the 20242012-A Closing Date, the Seller sells, transfers, assigns and otherwise conveys to the Purchaser, without recourse, all right, title and interest of the Seller, whether now owned or hereafter acquired, in, to and under the 20242012-A Exchange Note and all of the Seller’s rights under the 20242012-A Basic Documents, including all monies paid thereon and all monies due thereon after the 20242012-A Cutoff Date (collectively, the “First-Tier Assets”).

Appears in 2 contracts

Samples: First Tier Sale Agreement (Mercedes-Benz Auto Lease Trust 2012-A), First Tier Sale Agreement (Mercedes-Benz Auto Lease Trust 2012-A)

Sale of the First-Tier Assets. (a) Effective as of the 20242023-A Closing Date, the Seller sells, transfers, assigns and otherwise conveys to the Purchaser, without recourse, all right, title and interest of the Seller, whether now owned or hereafter acquired, in, to and under the 20242023-A Exchange Note and all of the Seller’s rights under the 20242023-A Basic Documents, including all monies paid thereon and all monies due thereon after the 20242023-A Cutoff Date (collectively, the “First-Tier Assets”).

Appears in 2 contracts

Samples: Sale Agreement (Mercedes-Benz Auto Lease Trust 2023-A), Sale Agreement (Mercedes-Benz Auto Lease Trust 2023-A)

Sale of the First-Tier Assets. (a) Effective as of the 20242021-A B Closing Date, the Seller sells, transfers, assigns and otherwise conveys to the Purchaser, without recourse, all right, title and interest of the Seller, whether now owned or hereafter acquired, in, to and under the 20242021-A B Exchange Note and all of the Seller’s rights under the 20242021-A B Basic Documents, including all monies paid thereon and all monies due thereon after the 20242021-A B Cutoff Date (collectively, the “First-Tier Assets”).

Appears in 2 contracts

Samples: Sale Agreement (Mercedes-Benz Auto Lease Trust 2021-B), Sale Agreement (Mercedes-Benz Auto Lease Trust 2021-B)

Sale of the First-Tier Assets. (a) Effective as of the 20242018-A Closing Date, the Seller sells, transfers, assigns and otherwise conveys to the Purchaser, without recourse, all right, title and interest of the Seller, whether now owned or hereafter acquired, in, to and under the 20242018-A Exchange Note and all of the Seller’s rights under the 20242018-A Basic Documents, including all monies paid thereon and all monies due thereon after the 20242018-A Cutoff Date (collectively, the “First-Tier Assets”).

Appears in 2 contracts

Samples: Sale Agreement (Mercedes-Benz Auto Lease Trust 2018-A), Sale Agreement (Mercedes-Benz Auto Lease Trust 2018-A)

Sale of the First-Tier Assets. (a) Effective as of the 20242019-A B Closing Date, the Seller sells, transfers, assigns and otherwise conveys to the Purchaser, without recourse, all right, title and interest of the Seller, whether now owned or hereafter acquired, in, to and under the 20242019-A B Exchange Note and all of the Seller’s rights under the 20242019-A B Basic Documents, including all monies paid thereon and all monies due thereon after the 20242019-A B Cutoff Date (collectively, the “First-Tier Assets”).

Appears in 2 contracts

Samples: Sale Agreement (Mercedes-Benz Auto Lease Trust 2019-B), Sale Agreement (Mercedes-Benz Auto Lease Trust 2019-B)

Sale of the First-Tier Assets. (a) Effective as of the 20242017-A Closing Date, the Seller sells, transfers, assigns and otherwise conveys to the Purchaser, without recourse, all right, title and interest of the Seller, whether now owned or hereafter acquired, in, to and under the 20242017-A Exchange Note and all of the Seller’s rights under the 20242017-A Basic Documents, including all monies paid thereon and all monies due thereon after the 20242017-A Cutoff Date (collectively, the “First-Tier Assets”).

Appears in 2 contracts

Samples: Sale Agreement (Mercedes-Benz Auto Lease Trust 2017-A), Sale Agreement (Mercedes-Benz Auto Lease Trust 2017-A)

Sale of the First-Tier Assets. (a) Effective as of the 20242016-A B Closing Date, the Seller sells, transfers, assigns and otherwise conveys to the Purchaser, without recourse, all right, title and interest of the Seller, whether now owned or hereafter acquired, in, to and under the 20242016-A B Exchange Note and all of the Seller’s rights under the 20242016-A B Basic Documents, including all monies paid thereon and all monies due thereon after the 20242016-A B Cutoff Date (collectively, the “First-Tier Assets”).

Appears in 2 contracts

Samples: Sale Agreement (Mercedes-Benz Auto Lease Trust 2016-B), Sale Agreement (Mercedes-Benz Auto Lease Trust 2016-B)

Sale of the First-Tier Assets. (a) Effective as of the 20242019-A Closing Date, the Seller sells, transfers, assigns and otherwise conveys to the Purchaser, without recourse, all right, title and interest of the Seller, whether now owned or hereafter acquired, in, to and under the 20242019-A Exchange Note and all of the Seller’s rights under the 20242019-A Basic Documents, including all monies paid thereon and all monies due thereon after the 20242019-A Cutoff Date (collectively, the “First-Tier Assets”).

Appears in 2 contracts

Samples: First Tier Sale Agreement (Mercedes-Benz Auto Lease Trust 2019-A), First Tier Sale Agreement (Mercedes-Benz Auto Lease Trust 2019-A)

Sale of the First-Tier Assets. (a) Effective as of the 20242018-A B Closing Date, the Seller sells, transfers, assigns and otherwise conveys to the Purchaser, without recourse, all right, title and interest of the Seller, whether now owned or hereafter acquired, in, to and under the 20242018-A B Exchange Note and all of the Seller’s rights under the 20242018-A B Basic Documents, including all monies paid thereon and all monies due thereon after the 20242018-A B Cutoff Date (collectively, the “First-Tier Assets”).

Appears in 2 contracts

Samples: Sale Agreement (Mercedes-Benz Auto Lease Trust 2018-B), Sale Agreement (Mercedes-Benz Auto Lease Trust 2018-B)

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Sale of the First-Tier Assets. (a) Effective as of the 20242016-A Closing Date, the Seller sells, transfers, assigns and otherwise conveys to the Purchaser, without recourse, all right, title and interest of the Seller, whether now owned or hereafter acquired, in, to and under the 20242016-A Exchange Note and all of the Seller’s rights under the 20242016-A Basic Documents, including all monies paid thereon and all monies due thereon after the 20242016-A Cutoff Date (collectively, the “First-Tier Assets”).

Appears in 2 contracts

Samples: First Tier Sale Agreement (Mercedes-Benz Auto Lease Trust 2016-A), First Tier Sale Agreement (Mercedes-Benz Auto Lease Trust 2016-A)

Sale of the First-Tier Assets. (a) Effective as of the 20242021-A Closing Date, the Seller sells, transfers, assigns and otherwise conveys to the Purchaser, without recourse, all right, title and interest of the Seller, whether now owned or hereafter acquired, in, to and under the 20242021-A Exchange Note and all of the Seller’s rights under the 20242021-A Basic Documents, including all monies paid thereon and all monies due thereon after the 20242021-A Cutoff Date (collectively, the “First-Tier Assets”).

Appears in 2 contracts

Samples: Sale Agreement (Mercedes-Benz Auto Lease Trust 2021-A), Sale Agreement (Mercedes-Benz Auto Lease Trust 2021-A)

Sale of the First-Tier Assets. (a) Effective as of the 20242013-A B Closing Date, the Seller sells, transfers, assigns and otherwise conveys to the Purchaser, without recourse, all right, title and interest of the Seller, whether now owned or hereafter acquired, in, to and under the 20242013-A B Exchange Note and all of the Seller’s rights under the 20242013-A B Basic Documents, including all monies paid thereon and all monies due thereon after the 20242013-A B Cutoff Date (collectively, the “First-Tier Assets”).

Appears in 1 contract

Samples: First Tier Sale Agreement (Mercedes-Benz Auto Lease Trust 2013-B)

Sale of the First-Tier Assets. (a) Effective as of the 20242015-A Closing Date, the Seller sells, transfers, assigns and otherwise conveys to the Purchaser, without recourse, all right, title and interest of the Seller, whether now owned or hereafter acquired, in, to and under the 20242015-A Exchange Note and all of the Seller’s rights under the 20242015-A Basic Documents, including all monies paid thereon and all monies due thereon after the 20242015-A Cutoff Date (collectively, the “First-Tier Assets”).

Appears in 1 contract

Samples: First Tier Sale Agreement (Mercedes-Benz Auto Lease Trust 2015-A)

Sale of the First-Tier Assets. (a) Effective as of the 20242015-A B Closing Date, the Seller sells, transfers, assigns and otherwise conveys to the Purchaser, without recourse, all right, title and interest of the Seller, whether now owned or hereafter acquired, in, to and under the 20242015-A B Exchange Note and all of the Seller’s rights under the 20242015-A B Basic Documents, including all monies paid thereon and all monies due thereon after the 20242015-A B Cutoff Date (collectively, the “First-Tier Assets”).

Appears in 1 contract

Samples: Sale Agreement (Mercedes-Benz Auto Lease Trust 2015-B)

Sale of the First-Tier Assets. (a) Effective as of the 20242013-A Closing Date, the Seller sells, transfers, assigns and otherwise conveys to the Purchaser, without recourse, all right, title and interest of the Seller, whether now owned or hereafter acquired, in, to and under the 20242013-A Exchange Note and all of the Seller’s rights under the 20242013-A Basic Documents, including all monies paid thereon and all monies due thereon after the 20242013-A Cutoff Date (collectively, the “First-Tier Assets”).

Appears in 1 contract

Samples: First Tier Sale Agreement (Mercedes-Benz Auto Lease Trust 2013-A)

Sale of the First-Tier Assets. (a) Effective as of the 20242014-A Closing Date, the Seller sells, transfers, assigns and otherwise conveys to the Purchaser, without recourse, all right, title and interest of the Seller, whether now owned or hereafter acquired, in, to and under the 20242014-A Exchange Note and all of the Seller’s rights under the 20242014-A Basic Documents, including all monies paid thereon and all monies due thereon after the 20242014-A Cutoff Date (collectively, the “First-Tier Assets”).

Appears in 1 contract

Samples: First Tier Sale Agreement (Mercedes-Benz Auto Lease Trust 2014-A)

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