Common use of Covenants for Reporting of Repurchase Demands due to Breaches of Representations and Warranties Clause in Contracts

Covenants for Reporting of Repurchase Demands due to Breaches of Representations and Warranties. (a) The Owner Trustee will (i) in accordance with its obligations pursuant to Section 2.5 of the 2017-2 Servicing Supplement, provide prompt written notice upon the discovery of any breach of the Servicer’s representations and warranties, (ii) no later than five (5) Business Days after the end of each calendar quarter, provide to the Servicer and the Depositor, a notice in substantially the form of Exhibit F, or any other form agreed upon between the Owner Trustee and the Depositor, which shall be deemed acceptable to the Depositor unless the Depositor notifies the Owner Trustee within five (5) Business Days of its receipt thereof, with respect to any requests (in writing or orally) for the repurchase of any 2017-2 Lease Agreement and the related 2017-2 Leased Vehicle pursuant to Section 2.5 of the 2017-2 Servicing Supplement received by a Responsible Officer of the Owner Trustee during the immediately preceding calendar quarter (or, in the case of the initial notice, since the Closing Date) and (iii) promptly upon reasonable written request by the Servicer or the Depositor, provide to them any other information reasonably requested in good faith that is in actual possession of the Owner Trustee and necessary to facilitate compliance by them with Rule 15Ga-1 under the Exchange Act, and Items 1104(e) and 1121(c) of Regulation AB.

Appears in 2 contracts

Samples: Trust Agreement (GMF Leasing LLC), Trust Agreement (GM Financial Automobile Leasing Trust 2017-2)

AutoNDA by SimpleDocs

Covenants for Reporting of Repurchase Demands due to Breaches of Representations and Warranties. (a) The Owner Trustee will (i) in accordance with its obligations pursuant to Section 2.5 of the 20172019-2 1 Servicing Supplement, provide prompt written notice upon the discovery of any breach of the Servicer’s representations and warranties, (ii) no later than five (5) Business Days after the end of each calendar quarter, provide to the Servicer and the Depositor, a notice in substantially the form of Exhibit F, or any other form agreed upon between the Owner Trustee and the Depositor, which shall be deemed acceptable to the Depositor unless the Depositor notifies the Owner Trustee within five (5) Business Days of its receipt thereof, with respect to any requests (in writing or orally) for the repurchase of any 20172019-2 1 Lease Agreement and the related 20172019-2 1 Leased Vehicle pursuant to Section 2.5 of the 20172019-2 1 Servicing Supplement received by a Responsible Officer of the Owner Trustee during the immediately preceding calendar quarter (or, in the case of the initial notice, since the Closing Date) and (iii) promptly upon reasonable written request by the Servicer or the Depositor, provide to them any other information reasonably requested in good faith that is in actual possession of the Owner Trustee and necessary to facilitate compliance by them with Rule 15Ga-1 under the Exchange Act, and Items 1104(e) and 1121(c) of Regulation AB.

Appears in 2 contracts

Samples: Trust Agreement (GMF Leasing LLC), Trust Agreement (GMF Leasing LLC)

Covenants for Reporting of Repurchase Demands due to Breaches of Representations and Warranties. (a) The Owner Trustee will (i) in accordance with its obligations pursuant to Section 2.5 of the 20172019-2 Servicing Supplement, provide prompt written notice upon the discovery of any breach of the Servicer’s representations and warranties, (ii) no later than five (5) Business Days after the end of each calendar quarter, provide to the Servicer and the Depositor, a notice in substantially the form of Exhibit F, or any other form agreed upon between the Owner Trustee and the Depositor, which shall be deemed acceptable to the Depositor unless the Depositor notifies the Owner Trustee within five (5) Business Days of its receipt thereof, with respect to any requests (in writing or orally) for the repurchase of any 20172019-2 Lease Agreement and the related 20172019-2 Leased Vehicle pursuant to Section 2.5 of the 20172019-2 Servicing Supplement received by a Responsible Officer of the Owner Trustee during the immediately preceding calendar quarter (or, in the case of the initial notice, since the Closing Date) and (iii) promptly upon reasonable written request by the Servicer or the Depositor, provide to them any other information reasonably requested in good faith that is in actual possession of the Owner Trustee and necessary to facilitate compliance by them with Rule 15Ga-1 under the Exchange Act, and Items 1104(e) and 1121(c) of Regulation AB.

Appears in 2 contracts

Samples: Trust Agreement (GMF Leasing LLC), Trust Agreement (GMF Leasing LLC)

Covenants for Reporting of Repurchase Demands due to Breaches of Representations and Warranties. (a) The Owner Trustee will (i) in accordance with its obligations pursuant to Section 2.5 of the 20172023-2 Servicing Supplement, provide prompt written notice upon the discovery of any breach of the Servicer’s representations and warranties, (ii) no later than five (5) Business Days after the end of each calendar quarter, provide to the Servicer and the Depositor, a notice in substantially the form of Exhibit F, or any other form agreed upon between the Owner Trustee and the Depositor, which shall be deemed acceptable to the Depositor unless the Depositor notifies the Owner Trustee within five (5) Business Days of its receipt thereof, with respect to any requests (in writing or orally) for the repurchase of any 20172023-2 Lease Agreement and the related 20172023-2 Leased Vehicle pursuant to Section 2.5 of the 20172023-2 Servicing Supplement received by a Responsible Officer of the Owner Trustee during the immediately preceding calendar quarter (or, in the case of the initial notice, since the 2023-2 Closing Date) and (iii) promptly upon reasonable written request by the Servicer or the Depositor, provide to them any other information reasonably requested in good faith that is in actual possession of the Owner Trustee and necessary to facilitate compliance by them with Rule 15Ga-1 under the Exchange Act, and Items 1104(e) and 1121(c) of Regulation AB.

Appears in 2 contracts

Samples: Trust Agreement (GM Financial Automobile Leasing Trust 2023-2), Trust Agreement (GM Financial Automobile Leasing Trust 2023-2)

Covenants for Reporting of Repurchase Demands due to Breaches of Representations and Warranties. (a) The Owner Trustee will (i) in accordance with its obligations pursuant to Section 2.5 of the 20172020-2 3 Servicing Supplement, provide prompt written notice upon the discovery of any breach of the Servicer’s representations and warranties, (ii) no later than five (5) Business Days after the end of each calendar quarter, provide to the Servicer and the Depositor, a notice in substantially the form of Exhibit F, or any other form agreed upon between the Owner Trustee and the Depositor, which shall be deemed acceptable to the Depositor unless the Depositor notifies the Owner Trustee within five (5) Business Days of its receipt thereof, with respect to any requests (in writing or orally) for the repurchase of any 20172020-2 3 Lease Agreement and the related 20172020-2 3 Leased Vehicle pursuant to Section 2.5 of the 20172020-2 3 Servicing Supplement received by a Responsible Officer of the Owner Trustee during the immediately preceding calendar quarter (or, in the case of the initial notice, since the Closing Date) and (iii) promptly upon reasonable written request by the Servicer or the Depositor, provide to them any other information reasonably requested in good faith that is in actual possession of the Owner Trustee and necessary to facilitate compliance by them with Rule 15Ga-1 under the Exchange Act, and Items 1104(e) and 1121(c) of Regulation AB.

Appears in 2 contracts

Samples: Trust Agreement (GM Financial Automobile Leasing Trust 2020-3), Trust Agreement (GM Financial Automobile Leasing Trust 2020-3)

Covenants for Reporting of Repurchase Demands due to Breaches of Representations and Warranties. (a) The Owner Trustee will (i) in accordance with its obligations pursuant to Section 2.5 of the 20172021-2 3 Servicing Supplement, provide prompt written notice upon the discovery of any breach of the Servicer’s representations and warranties, (ii) no later than five (5) Business Days after the end of each calendar quarter, provide to the Servicer and the Depositor, a notice in substantially the form of Exhibit F, or any other form agreed upon between the Owner Trustee and the Depositor, which shall be deemed acceptable to the Depositor unless the Depositor notifies the Owner Trustee within five (5) Business Days of its receipt thereof, with respect to any requests (in writing or orally) for the repurchase of any 20172021-2 3 Lease Agreement and the related 20172021-2 3 Leased Vehicle pursuant to Section 2.5 of the 20172021-2 3 Servicing Supplement received by a Responsible Officer of the Owner Trustee during the immediately preceding calendar quarter (or, in the case of the initial notice, since the 2021-3 Closing Date) and (iii) promptly upon reasonable written request by the Servicer or the Depositor, provide to them any other information reasonably requested in good faith that is in actual possession of the Owner Trustee and necessary to facilitate compliance by them with Rule 15Ga-1 under the Exchange Act, and Items 1104(e) and 1121(c) of Regulation AB.

Appears in 2 contracts

Samples: Trust Agreement (GM Financial Automobile Leasing Trust 2021-3), Trust Agreement (GM Financial Automobile Leasing Trust 2021-3)

Covenants for Reporting of Repurchase Demands due to Breaches of Representations and Warranties. (a) The Owner Trustee will (i) in accordance with its obligations pursuant to Section 2.5 of the 20172016-2 1 Servicing Supplement, provide prompt written notice upon the discovery of any breach of the Servicer’s representations and warranties, (ii) no later than five (5) Business Days after the end of each calendar quarter, provide to the Servicer and the Depositor, a notice in substantially the form of Exhibit F, or any other form agreed upon between the Owner Trustee and the Depositor, which shall be deemed acceptable to the Depositor unless the Depositor notifies the Owner Trustee within five (5) Business Days of its receipt thereof, with respect to any requests (in writing or orally) for the repurchase of any 20172016-2 1 Lease Agreement and the related 20172016-2 1 Leased Vehicle pursuant to Section 2.5 of the 20172016-2 1 Servicing Supplement received by a Responsible Officer of the Owner Trustee during the immediately preceding calendar quarter (or, in the case of the initial notice, since the Closing Date) and (iii) promptly upon reasonable written request by the Servicer or the Depositor, provide to them any other information reasonably requested in good faith that is in actual possession of the Owner Trustee and necessary to facilitate compliance by them with Rule 15Ga-1 under the Exchange Act, and Items 1104(e) and 1121(c) of Regulation AB.

Appears in 2 contracts

Samples: Trust Agreement (GMF Leasing LLC), Trust Agreement (GMF Leasing LLC)

Covenants for Reporting of Repurchase Demands due to Breaches of Representations and Warranties. (a) The Owner Trustee will (i) in accordance with its obligations pursuant to Section 2.5 of the 20172023-2 1 Servicing Supplement, provide prompt written notice upon the discovery of any breach of the Servicer’s representations and warranties, (ii) no later than five (5) Business Days after the end of each calendar quarter, provide to the Servicer and the Depositor, a notice in substantially the form of Exhibit F, or any other form agreed upon between the Owner Trustee and the Depositor, which shall be deemed acceptable to the Depositor unless the Depositor notifies the Owner Trustee within five (5) Business Days of its receipt thereof, with respect to any requests (in writing or orally) for the repurchase of any 20172023-2 1 Lease Agreement and the related 20172023-2 1 Leased Vehicle pursuant to Section 2.5 of the 20172023-2 1 Servicing Supplement received by a Responsible Officer of the Owner Trustee during the immediately preceding calendar quarter (or, in the case of the initial notice, since the 2023-1 Closing Date) and (iii) promptly upon reasonable written request by the Servicer or the Depositor, provide to them any other information reasonably requested in good faith that is in actual possession of the Owner Trustee and necessary to facilitate compliance by them with Rule 15Ga-1 under the Exchange Act, and Items 1104(e) and 1121(c) of Regulation AB.

Appears in 2 contracts

Samples: Trust Agreement (GM Financial Automobile Leasing Trust 2023-1), Trust Agreement (GM Financial Automobile Leasing Trust 2023-1)

Covenants for Reporting of Repurchase Demands due to Breaches of Representations and Warranties. (a) The Owner Trustee will (i) in accordance with its obligations pursuant to Section 2.5 of the 20172021-2 Servicing Supplement, provide prompt written notice upon the discovery of any breach of the Servicer’s representations and warranties, (ii) no later than five (5) Business Days after the end of each calendar quarter, provide to the Servicer and the Depositor, a notice in substantially the form of Exhibit F, or any other form agreed upon between the Owner Trustee and the Depositor, which shall be deemed acceptable to the Depositor unless the Depositor notifies the Owner Trustee within five (5) Business Days of its receipt thereof, with respect to any requests (in writing or orally) for the repurchase of any 20172021-2 Lease Agreement and the related 20172021-2 Leased Vehicle pursuant to Section 2.5 of the 20172021-2 Servicing Supplement received by a Responsible Officer of the Owner Trustee during the immediately preceding calendar quarter (or, in the case of the initial notice, since the Closing Date) and (iii) promptly upon reasonable written request by the Servicer or the Depositor, provide to them any other information reasonably requested in good faith that is in actual possession of the Owner Trustee and necessary to facilitate compliance by them with Rule 15Ga-1 under the Exchange Act, and Items 1104(e) and 1121(c) of Regulation AB.

Appears in 2 contracts

Samples: Trust Agreement (GM Financial Automobile Leasing Trust 2021-2), Trust Agreement (GM Financial Automobile Leasing Trust 2021-2)

AutoNDA by SimpleDocs

Covenants for Reporting of Repurchase Demands due to Breaches of Representations and Warranties. (a) The Owner Trustee will (i) in accordance with its obligations pursuant to Section 2.5 of the 20172018-2 3 Servicing Supplement, provide prompt written notice upon the discovery of any breach of the Servicer’s representations and warranties, (ii) no later than five (5) Business Days after the end of each calendar quarter, provide to the Servicer and the Depositor, a notice in substantially the form of Exhibit F, or any other form agreed upon between the Owner Trustee and the Depositor, which shall be deemed acceptable to the Depositor unless the Depositor notifies the Owner Trustee within five (5) Business Days of its receipt thereof, with respect to any requests (in writing or orally) for the repurchase of any 20172018-2 3 Lease Agreement and the related 20172018-2 3 Leased Vehicle pursuant to Section 2.5 of the 20172018-2 3 Servicing Supplement received by a Responsible Officer of the Owner Trustee during the immediately preceding calendar quarter (or, in the case of the initial notice, since the Closing Date) and (iii) promptly upon reasonable written request by the Servicer or the Depositor, provide to them any other information reasonably requested in good faith that is in actual possession of the Owner Trustee and necessary to facilitate compliance by them with Rule 15Ga-1 under the Exchange Act, and Items 1104(e) and 1121(c) of Regulation AB.

Appears in 2 contracts

Samples: Trust Agreement (GMF Leasing LLC), Trust Agreement (GM Financial Automobile Leasing Trust 2018-3)

Covenants for Reporting of Repurchase Demands due to Breaches of Representations and Warranties. (a) The Owner Trustee will (i) in accordance with its obligations pursuant to Section 2.5 of the 20172019-2 3 Servicing Supplement, provide prompt written notice upon the discovery of any breach of the Servicer’s representations and warranties, (ii) no later than five (5) Business Days after the end of each calendar quarter, provide to the Servicer and the Depositor, a notice in substantially the form of Exhibit F, or any other form agreed upon between the Owner Trustee and the Depositor, which shall be deemed acceptable to the Depositor unless the Depositor notifies the Owner Trustee within five (5) Business Days of its receipt thereof, with respect to any requests (in writing or orally) for the repurchase of any 20172019-2 3 Lease Agreement and the related 20172019-2 3 Leased Vehicle pursuant to Section 2.5 of the 20172019-2 3 Servicing Supplement received by a Responsible Officer of the Owner Trustee during the immediately preceding calendar quarter (or, in the case of the initial notice, since the Closing Date) and (iii) promptly upon reasonable written request by the Servicer or the Depositor, provide to them any other information reasonably requested in good faith that is in actual possession of the Owner Trustee and necessary to facilitate compliance by them with Rule 15Ga-1 under the Exchange Act, and Items 1104(e) and 1121(c) of Regulation AB.

Appears in 2 contracts

Samples: Trust Agreement (GMF Leasing LLC), Trust Agreement (GMF Leasing LLC)

Covenants for Reporting of Repurchase Demands due to Breaches of Representations and Warranties. (a) The Owner Trustee will (i) in accordance with its obligations pursuant to Section 2.5 of the 20172022-2 1 Servicing Supplement, provide prompt written notice upon the discovery of any breach of the Servicer’s representations and warranties, (ii) no later than five (5) Business Days after the end of each calendar quarter, provide to the Servicer and the Depositor, a notice in substantially the form of Exhibit F, or any other form agreed upon between the Owner Trustee and the Depositor, which shall be deemed acceptable to the Depositor unless the Depositor notifies the Owner Trustee within five (5) Business Days of its receipt thereof, with respect to any requests (in writing or orally) for the repurchase of any 20172022-2 1 Lease Agreement and the related 20172022-2 1 Leased Vehicle pursuant to Section 2.5 of the 20172022-2 1 Servicing Supplement received by a Responsible Officer of the Owner Trustee during the immediately preceding calendar quarter (or, in the case of the initial notice, since the 2022-1 Closing Date) and (iii) promptly upon reasonable written request by the Servicer or the Depositor, provide to them any other information reasonably requested in good faith that is in actual possession of the Owner Trustee and necessary to facilitate compliance by them with Rule 15Ga-1 under the Exchange Act, and Items 1104(e) and 1121(c) of Regulation AB.

Appears in 1 contract

Samples: Trust Agreement (GM Financial Automobile Leasing Trust 2022-1)

Covenants for Reporting of Repurchase Demands due to Breaches of Representations and Warranties. (a) The Owner Trustee will (i) in accordance with its obligations pursuant to Section 2.5 of the 2017-2 20 - Servicing Supplement, provide prompt written notice upon the discovery of any breach of the Servicer’s representations and warranties, (ii) no later than five (5( ) Business Days after the end of each calendar quarter, provide to the Servicer and the Depositor, a notice in substantially the form of Exhibit F, or any other form agreed upon between the Owner Trustee and the Depositor, which shall be deemed acceptable to the Depositor unless the Depositor notifies the Owner Trustee within five (5) Business Days of its receipt thereof, with respect to any requests (in writing or orally) for the repurchase of any 2017-2 20 - Lease Agreement and the related 2017-2 20 - Leased Vehicle pursuant to Section 2.5 of the 2017-2 20 - Servicing Supplement received by a Responsible Officer of the Owner Trustee during the immediately preceding calendar quarter (or, in the case of the initial notice, since the 20 - Closing Date) and (iii) promptly upon reasonable written request by the Servicer or the Depositor, provide to them any other information reasonably requested in good faith that is in actual possession of the Owner Trustee and necessary to facilitate compliance by them with Rule 15Ga-1 under the Exchange Act, and Items 1104(e) and 1121(c) of Regulation AB.

Appears in 1 contract

Samples: Trust Agreement (ACAR Leasing Ltd.)

Covenants for Reporting of Repurchase Demands due to Breaches of Representations and Warranties. (a) The Owner Trustee will (i) in accordance with its obligations pursuant to Section 2.5 of the 20172022-2 3 Servicing Supplement, provide prompt written notice upon the discovery of any breach of the Servicer’s representations and warranties, (ii) no later than five (5) Business Days after the end of each calendar quarter, provide to the Servicer and the Depositor, a notice in substantially the form of Exhibit F, or any other form agreed upon between the Owner Trustee and the Depositor, which shall be deemed acceptable to the Depositor unless the Depositor notifies the Owner Trustee within five (5) Business Days of its receipt thereof, with respect to any requests (in writing or orally) for the repurchase of any 20172022-2 3 Lease Agreement and the related 20172022-2 3 Leased Vehicle pursuant to Section 2.5 of the 20172022-2 3 Servicing Supplement received by a Responsible Officer of the Owner Trustee during the immediately preceding calendar quarter (or, in the case of the initial notice, since the 2022-3 Closing Date) and (iii) promptly upon reasonable written request by the Servicer or the Depositor, provide to them any other information reasonably requested in good faith that is in actual possession of the Owner Trustee and necessary to facilitate compliance by them with Rule 15Ga-1 under the Exchange Act, and Items 1104(e) and 1121(c) of Regulation AB.

Appears in 1 contract

Samples: Trust Agreement (GM Financial Automobile Leasing Trust 2022-3)

Time is Money Join Law Insider Premium to draft better contracts faster.