Failure to Pay Interest. The Borrower fails to pay or cause to be paid any part of the Exchange Note Interest Payment Amount, as specified in the Exchange Note Supplement, when due, and such failure continues for five (5) Business Days after the due date or such other length of time as specified in the Exchange Note Supplement;
Appears in 23 contracts
Samples: Credit and Security Agreement (ACAR Leasing Ltd.), Credit and Security Agreement (ACAR Leasing Ltd.), Credit and Security Agreement
Failure to Pay Interest. The Borrower fails to pay or cause to be paid any part of the Exchange Note Interest Payment Amount, as specified in the Exchange Note Supplement, when due, and such failure continues for five (5) Business Days after the due date or such other length of time as specified in the Exchange Note Supplement;
Appears in 5 contracts
Samples: Collateral Agency Agreement (World Omni LT), Collateral Agency Agreement (World Omni LT), Collateral Agency Agreement (World Omni LT)
Failure to Pay Interest. The Borrower fails to pay or cause to be paid any part of the Exchange Note Interest Payment Distributable Amount, as specified in the Exchange Note Supplement, Supplement when due, and such failure continues for five (5) two Business Days after the due date or such other length of time as specified in the Exchange Note Supplement;
Appears in 3 contracts
Samples: Collateral Agency Agreement (Mercedes-Benz Auto Lease Trust 2023-A), Collateral Agency Agreement (Mercedes-Benz Auto Lease Trust 2023-A), Collateral Agency Agreement (Daimler Trust)
Failure to Pay Interest. The Borrower fails to pay or cause to be paid any part of the 201[__]-[__] Exchange Note Interest Payment Distributable Amount, as specified in the Exchange Note Supplement, Supplement when due, and such failure continues for five (5) Business Days after the due date or such other length of time as specified in the Exchange Note Supplementdate;
Appears in 3 contracts
Samples: Collateral Agency Agreement (Daimler Trust), Collateral Agency Agreement (Daimler Trust), Daimler Trust, (Daimler Trust)
Failure to Pay Interest. The Borrower fails to pay or cause to be paid any part of the 20[__]-[_] Exchange Note Interest Payment Distributable Amount, as specified in the Exchange Note Supplement, when due, due and such failure continues for five (5) Business Days after the due date or such other length of time as specified in the Exchange Note Supplementdate;
Appears in 3 contracts
Samples: Collateral Agency Agreement (Mercedes-Benz Vehicle Trust), Collateral Agency Agreement (Daimler Trust), Collateral Agency Agreement (Daimler Trust)
Failure to Pay Interest. The Borrower fails to pay or cause to be paid any part of the 2018-A Exchange Note Interest Payment Distributable Amount, as specified in the Exchange Note Supplement, Supplement when due, and such failure continues for five (5) Business Days after the due date or such other length of time as specified in the Exchange Note Supplementdate;
Appears in 2 contracts
Samples: Collateral Agency Agreement (Mercedes-Benz Auto Lease Trust 2018-A), Collateral Agency Agreement (Mercedes-Benz Auto Lease Trust 2018-A)
Failure to Pay Interest. The Borrower fails to pay or cause to be paid any part of the 2020-A Exchange Note Interest Payment Distributable Amount, as specified in the Exchange Note Supplement, when due, due and such failure continues for five (5) Business Days after the due date or such other length of time as specified in the Exchange Note Supplementdate;
Appears in 2 contracts
Samples: Collateral Agency Agreement (Mercedes-Benz Auto Lease Trust 2020-A), Collateral Agency Agreement (Mercedes-Benz Auto Lease Trust 2020-A)
Failure to Pay Interest. The Borrower fails to pay or cause to be paid any part of the 2023-A Exchange Note Interest Payment Distributable Amount, as specified in the Exchange Note Supplement, when due, due and such failure continues for five (5) Business Days after the due date or such other length of time as specified in the Exchange Note Supplementdate;
Appears in 2 contracts
Samples: Collateral Agency Agreement (Mercedes-Benz Auto Lease Trust 2023-A), Collateral Agency Agreement (Mercedes-Benz Auto Lease Trust 2023-A)
Failure to Pay Interest. The Borrower fails to pay or cause to be paid any part of the 2016-B Exchange Note Interest Payment Distributable Amount, as specified in the Exchange Note Supplement, Supplement when due, and such failure continues for five (5) Business Days after the due date or such other length of time as specified in the Exchange Note Supplementdate;
Appears in 2 contracts
Samples: Collateral Agency Agreement (Mercedes-Benz Auto Lease Trust 2016-B), Collateral Agency Agreement (Mercedes-Benz Auto Lease Trust 2016-B)
Failure to Pay Interest. The Borrower fails to pay or cause to be paid any part of the 2018-B Exchange Note Interest Payment Distributable Amount, as specified in the Exchange Note Supplement, when due, due and such failure continues for five (5) Business Days after the due date or such other length of time as specified in the Exchange Note Supplementdate;
Appears in 2 contracts
Samples: Collateral Agency Agreement (Mercedes-Benz Auto Lease Trust 2018-B), Collateral Agency Agreement (Mercedes-Benz Auto Lease Trust 2018-B)
Failure to Pay Interest. The Borrower fails to pay or cause to be paid any part of the 2021-B Exchange Note Interest Payment Distributable Amount, as specified in the Exchange Note Supplement, when due, due and such failure continues for five (5) Business Days after the due date or such other length of time as specified in the Exchange Note Supplementdate;
Appears in 2 contracts
Samples: Collateral Agency Agreement (Mercedes-Benz Auto Lease Trust 2021-B), Collateral Agency Agreement (Mercedes-Benz Auto Lease Trust 2021-B)
Failure to Pay Interest. The Borrower fails to pay or cause to be paid any part of the 2019-B Exchange Note Interest Payment Distributable Amount, as specified in the Exchange Note Supplement, when due, due and such failure continues for five (5) Business Days after the due date or such other length of time as specified in the Exchange Note Supplementdate;
Appears in 2 contracts
Samples: Collateral Agency Agreement (Mercedes-Benz Auto Lease Trust 2019-B), Collateral Agency Agreement (Mercedes-Benz Auto Lease Trust 2019-B)
Failure to Pay Interest. The Borrower fails to pay or cause to be paid any part of the 2017-A Exchange Note Interest Payment Distributable Amount, as specified in the Exchange Note Supplement, Supplement when due, and such failure continues for five (5) Business Days after the due date or such other length of time as specified in the Exchange Note Supplementdate;
Appears in 2 contracts
Samples: Collateral Agency Agreement (Mercedes-Benz Auto Lease Trust 2017-A), Collateral Agency Agreement (Mercedes-Benz Auto Lease Trust 2017-A)
Failure to Pay Interest. The Borrower fails to pay or cause to be paid any part of the 2019-A Exchange Note Interest Payment Distributable Amount, as specified in the Exchange Note Supplement, when due, due and such failure continues for five (5) Business Days after the due date or such other length of time as specified in the Exchange Note Supplementdate;
Appears in 2 contracts
Samples: Collateral Agency Agreement (Mercedes-Benz Auto Lease Trust 2019-A), Collateral Agency Agreement (Mercedes-Benz Auto Lease Trust 2019-A)
Failure to Pay Interest. The Borrower fails to pay or cause to be paid any part of the 2021-A Exchange Note Interest Payment Distributable Amount, as specified in the Exchange Note Supplement, when due, due and such failure continues for five (5) Business Days after the due date or such other length of time as specified in the Exchange Note Supplementdate;
Appears in 2 contracts
Samples: Collateral Agency Agreement (Mercedes-Benz Auto Lease Trust 2021-A), Collateral Agency Agreement (Mercedes-Benz Auto Lease Trust 2021-A)
Failure to Pay Interest. The Borrower fails to pay or cause to be paid any part of the 2012-A Exchange Note Interest Payment Distributable Amount, as specified in the Exchange Note Supplement, Supplement when due, and such failure continues for five (5) Business Days after the due date or such other length of time as specified in the Exchange Note Supplementdate;
Appears in 2 contracts
Samples: Daimler Trust, (Mercedes-Benz Auto Lease Trust 2012-A), Daimler Trust, (Mercedes-Benz Auto Lease Trust 2012-A)
Failure to Pay Interest. The Borrower fails to pay or cause to be paid any part of the 2020-B Exchange Note Interest Payment Distributable Amount, as specified in the Exchange Note Supplement, when due, due and such failure continues for five (5) Business Days after the due date or such other length of time as specified in the Exchange Note Supplementdate;
Appears in 2 contracts
Samples: Collateral Agency Agreement (Mercedes-Benz Auto Lease Trust 2020-B), Collateral Agency Agreement (Mercedes-Benz Auto Lease Trust 2020-B)
Failure to Pay Interest. The Borrower fails to pay or cause to be paid any part of the 2016-A Exchange Note Interest Payment Distributable Amount, as specified in the Exchange Note Supplement, Supplement when due, and such failure continues for five (5) Business Days after the due date or such other length of time as specified in the Exchange Note Supplementdate;
Appears in 2 contracts
Samples: Collateral Agency Agreement (Mercedes-Benz Auto Lease Trust 2016-A), Collateral Agency Agreement (Mercedes-Benz Auto Lease Trust 2016-A)
Failure to Pay Interest. The Borrower fails Borrowers fail to pay or cause to be paid any part of the Exchange Note Interest Payment Amount, as specified in the Exchange Note Supplement, when due, and such failure continues for five (5) Business Days after the due date or such other length of time as specified in the Exchange Note Supplement;
Appears in 1 contract
Failure to Pay Interest. The Borrower fails to pay or cause to be paid any part of the 2015-B Exchange Note Interest Payment Distributable Amount, as specified in the Exchange Note Supplement, Supplement when due, and such failure continues for five (5) Business Days after the due date or such other length of time as specified in the Exchange Note Supplementdate;
Appears in 1 contract
Samples: Collateral Agency Agreement (Mercedes-Benz Auto Lease Trust 2015-B)
Failure to Pay Interest. The Borrower fails to pay or cause to be paid any part of the 2014-A Exchange Note Interest Payment Distributable Amount, as specified in the Exchange Note Supplement, Supplement when due, and such failure continues for five (5) Business Days after the due date or such other length of time as specified in the Exchange Note Supplementdate;
Appears in 1 contract
Samples: Collateral Agency Agreement (Mercedes-Benz Auto Lease Trust 2014-A)
Failure to Pay Interest. The Borrower fails to pay or cause to be paid any part of the 2015-A Exchange Note Interest Payment Distributable Amount, as specified in the Exchange Note Supplement, Supplement when due, and such failure continues for five (5) Business Days after the due date or such other length of time as specified in the Exchange Note Supplementdate;
Appears in 1 contract
Samples: Collateral Agency Agreement (Mercedes-Benz Auto Lease Trust 2015-A)
Failure to Pay Interest. The Borrower fails to pay or cause to be paid any part of the 2013-A Exchange Note Interest Payment Distributable Amount, as specified in the Exchange Note Supplement, Supplement when due, and such failure continues for five (5) Business Days after the due date or such other length of time as specified in the Exchange Note Supplementdate;
Appears in 1 contract
Samples: Exchange Note Supplement (Mercedes-Benz Auto Lease Trust 2013-A)
Failure to Pay Interest. The Borrower fails to pay or cause to be paid any part of the 2013-B Exchange Note Interest Payment Distributable Amount, as specified in the Exchange Note Supplement, Supplement when due, and such failure continues for five (5) Business Days after the due date or such other length of time as specified in the Exchange Note Supplementdate;
Appears in 1 contract
Samples: Daimler Trust (Mercedes-Benz Auto Lease Trust 2013-B)
