Model Year. The related 2018-A Vehicle has a model year between 2013 and 2017 inclusive. Monthly Investor Report Collection Period Ended DD-Mon-YYYY Collection Period No. # Collection Period (from... to) DD-Mon-YYYY DD-Mon-YYYY Determination Date DD-Mon-YYYY Record Date DD-Mon-YYYY Payment Date DD-Mon-YYYY Interest Period of the Class A-1 Notes (from... to) DD-Mon-YYYY DD-Mon-YYYY Actual/360 Days # Interest Period of the Class ▇-▇, ▇-▇ and A-4 Notes (from... to) DD-Mon-YYYY DD-Mon-YYYY 30/360 Days # Initial Balance Beginning Balance Ending Balance Principal Payment Principal per $1000 Face Amount Note Factor Class A-1 Notes Class A-2 Notes Class A-3 Notes Class A-4 Notes present value of lease payments $ $ $ present value of Base Residual Value $ $ $ Amount Percentage Initial Overcollateralization Amount $ % Target Overcollateralization Amount $ % Current Overcollateralization Amount $ % Interest Rate Interest Payment Interest per $1000 Face Amount Interest & Principal Payment Interest & Principal Payment per $1000 Face Amount Class A-1 Notes % $ $ Class A-2 Notes % $ $ Class A-3 Notes % $ $ Class A-4 Notes % $ $ Lease Payments Received $ Net Sales Proceeds-early terminations (including Defaulted Leases) $ Net Sales Proceeds-scheduled terminations $ Excess wear and tear included in Net Sales Proceeds $ Excess mileage included in Net Sales Proceeds $ Repurchase Payments $ Advances made by the Servicer $ Investment Earnings $ Total Available Funds $ (1) Total Servicing Fee and Nonrecoverable Servicer Advances $ (2) Exchange Note Interest Distributable Amount ([__]%) $ (3) Exchange Note Principal Distributable Amount $ (4) Any amounts by which the sum payable pursuant to Section 8.03(a)(i) through (vii) of the Indenture (or, if applicable, pursuant to Section 5.04(b)(i) through (v) of the Indenture) exceed the sum of the Exchange Note Interest Distributable Amount and the Exchange Note Principal Distributable Amount $ (5) Remaining Funds Payable $ Total Exchange Note Payments $ Reserve Account Draw Amount $ (1) Total Trustee Fees and any Asset Representations Reviewer fees (max $250,000 p.a.) $ (2) Interest Distributable Amount Class A Notes $ (3) Priority Principal Distribution Amount $ (4) To Reserve Fund to reach the Reserve Fund Required Amount $ (5) Regular Principal Distribution Amount $ (6) Additional Servicing Fee and Transition Costs $ (7) Total Trustee Fees and any Asset Representations Reviewer fees [not previously paid under (1)] $ (8) Excess Collections to Certificateholders $ Total Servicing Fee Total Trustee Fee Monthly Interest Distributable Amount thereof on Class A-1 Notes thereof on Class A-2 Notes thereof on Class A-3 Notes thereof on Class A-4 Notes Interest Carryover Shortfall Amount thereof on Class A-1 Notes thereof on Class A-2 Notes thereof on Class A-3 Notes thereof on Class A-4 Notes Interest Distributable Amount Class A Notes Priority Principal Distribution Amount Regular Principal Distribution Amount Principal Distribution Amount Reserve Fund Amount - Beginning Balance plus top up Reserve Fund up to the Required Amount plus Net Investment Earnings for the Collection Period minus Net Investment Earnings minus Reserve Fund Draw Amount Reserve Fund Amount - Ending Balance Reserve Fund Deficiency Investment Earnings Net Investment Earnings on the Reserve Fund Net Investment Earnings on the Exchange Note Collection Account Investment Earnings for the Collection Period Cutoff Date Securitization Value Securitization Value beginning of Collection Period Principal portion of lease payments Terminations- Early Terminations- Scheduled Repurchase Payment (excluding interest) Gross Losses Securitization Value end of Collection Period Pool Factor % Weighted Average Securitization Rate Weighted Average Remaining Term (months) Weighted Average Seasoning (months) Aggregate Base Residual Value Cumulative Turn-in Ratio Proportion of base prepayment assumption realized life to date Actual lifetime prepayment speed Delinquency Profile Delinquency Profile* Amount ** Number of Leases Percentage Current 31-60 Days Delinquent 61-90 Days Delinquent 91-120 Days Delinquent Total *A lease is not considered delinquent if the amount past due is less than 10% of the payment due under such lease **Based on the actual Securitization Value of the respective leases" 60+ Delinquent Leases to EOP Aggregate Securitization Value: ___% Delinquency Trigger Occurred? [Y/N] Securitization Value of Defaulted Leases, Beg of Collection Period 466 Liquidation Proceeds Recoveries Principal Net Credit Loss / (Gain) Current Collection Period Prior Collection Period Second Prior Collection Period Third Prior Collection Period Four Month Average Securitization Value of Liquidated Leases, Beg of Collection Period Sales Proceeds and Other Payments Received Residual Loss / (Gain) Current Collection Period Prior Collection Period Second Prior Collection Period Third Prior Collection Period Four Month Average [The fair value of the Notes and the Certificates on the Closing Date is summarized as follows: The Depositor must retain a percentage interest in the Certificates with a fair value of at least 5% of the aggregate value of the Notes and Certificates, or $[insert dollar amount equal to 5% of the aggregate value of the Notes and Certificates], according to Regulation RR. The undersigned Servicer hereby certifies to _______ and its officers, directors and Affiliates (collectively, the “Certification Parties”) as follows, with the knowledge and intent that the Certification Parties will rely on this Certification in connection with the certification concerning the Issuer to be signed by an officer of the Servicer pursuant to the ▇▇▇▇▇▇▇▇-▇▇▇▇▇ Act of 2002: 1. I have reviewed: (i) the servicer compliance statement of the Servicer provided in the form specified by Item 1123 of Regulation AB (the “Compliance Statement”); (ii) the report on assessment of the Servicer’s compliance with the servicing criteria set forth in Item 1122(d) of Regulation AB (the “Servicing Criteria”), provided in accordance with Rules 13a-18 and 15d-18 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and Item 1122 of Regulation AB (the “Servicing Assessment”); (iii) the registered public accounting firm’s attestation report provided in the form specified by Rules 13a-18 and 15d-18 under the Exchange Act and Section 1122(b) of Regulation AB (the “Attestation Report”); and (iv) all servicing reports, officer’s certificates and other information relating to the servicing of the 2018-A Leases and 2018-A Vehicles by the Servicer during 20___ that were delivered by the Servicer to the Indenture Trustee pursuant to the Agreement (collectively, the “Servicing Information”).

Appears in 2 contracts

Sources: Servicing Supplement (Mercedes-Benz Auto Lease Trust 2018-A), Servicing Supplement (Mercedes-Benz Auto Lease Trust 2018-A)

Model Year. The related ~~2018~~2025-A Vehicle has a model year between ~~2013~~ 2021 and ~~2017~~ 2025, inclusive. ~~Monthly~~ Mercedes-Benz Auto Lease Trust 2025-A Investor Report Collection Period Ended DD-Mon-YYYY Amounts in USD Collection Period No. # Collection Period (from... to) DD-Mon-YYYY DD-Mon-YYYY Determination Date DD-Mon-YYYY Record Date DD-Mon-YYYY Payment Date DD-Mon-YYYY Interest Period of the Class ~~A-1 Notes (from... to) DD-Mon-YYYY DD-Mon-YYYY Actual/360 Days # Interest Period of the Class ▇-▇~~A-2A, ~~▇-▇~~ A-2B, A-3 and A-4 Notes (from... to) DD-Mon-YYYY DD-Mon-YYYY 30/360 ~~Days~~ Actual/360 # ~~Initial Balance Beginning Balance Ending Balance Principal Payment Principal per $1000 Face Amount Note Factor~~ Class A-1 Notes Class ~~A-2~~ A-2A Notes Class A-2B Notes Class A-3 Notes Class A-4 Notes Overcollateralization $ present value of lease payments $ $ $ present value of Base Residual Value $ $ $ Amount Percentage Initial Overcollateralization Amount $ % Target Overcollateralization Amount $ % Current Overcollateralization Amount $ % ~~Interest Rate Interest Payment Interest per $1000 Face Amount Interest & Principal Payment Interest & Principal Payment per $1000 Face Amount~~ Class A-1 Notes 0.00 % $ $ Class A-2A Notes % $ $ Class ~~A-2~~ A-2B Notes % $ $ Class A-3 Notes % $ $ Class A-4 Notes % $ $ Lease Payments Received $ Net Sales Proceeds-early terminations (including Defaulted Leases) $ Net Sales Proceeds-scheduled terminations $ Excess wear and tear included in Net Sales Proceeds $ Excess mileage included in Net Sales Proceeds $ Repurchase Payments $ Advances made by the Servicer $ Investment Earnings $ Total Available Funds $ (1) Total Servicing Fee and Nonrecoverable Servicer Advances $ (2) Exchange Note Interest Distributable Amount ([__]__%) $ (3) Exchange Note Principal Distributable Amount $ (4) Any amounts by which the sum payable pursuant to Section 8.03(a)(i) through (vii) of the Indenture (or, if applicable, pursuant to Section ~~5.04(b)(i) through~~ 5.04(b)(i)through (vvii) of the Indenture) exceed the sum of the Exchange Note Interest Distributable Amount and the Exchange Note Principal Distributable Amount $ (5) Remaining Funds Payable $ Total Exchange Note Payments $ Reserve Account Draw Amount $ (1) Total Trustee Fees and any Asset Representations Reviewer fees (max $250,000 p.a.) $ (2) Interest Distributable Amount Class A A-2A, Class A-2B, Class A-3 and Class A-4 Notes $ (3) Priority Principal Distribution Amount $ (4) To Reserve Fund to reach the Reserve Fund Required Amount $ (5) Regular Principal Distribution Amount $ (6) Additional Servicing Fee and Transition Costs $ (7) Total Trustee Fees and any Asset Representations Reviewer fees [not previously paid under (1)] $ (8) Excess Collections to Certificateholders $ Amount Due Amount Paid Shortfall Total Servicing Fee Total Trustee Fee Monthly Interest Distributable Amount thereof on Class ~~A-1~~ A-2A Notes thereof on Class ~~A-2~~ A-2B Notes thereof on Class A-3 Notes thereof on Class A-4 Notes Interest Carryover Shortfall Amount thereof on Class ~~A-1~~ A-2A Notes thereof on Class ~~A-2~~ A-2B Notes thereof on Class A-3 Notes thereof on Class A-4 Notes Interest Distributable Amount Class A Notes Priority Principal Distribution Amount Regular Principal Distribution Amount Principal Distribution Amount Reserve Fund Required Amount Reserve Fund Amount - Beginning Balance plus top up Reserve Fund up to the Required Amount plus Net Investment Earnings for the Collection Period minus Net Investment Earnings minus Reserve Fund Draw Amount Reserve Fund Amount - Ending Balance Reserve Fund Deficiency Investment Earnings Net Investment Earnings on the Reserve Fund Net Investment Earnings on the Exchange Note Collection Account Investment Earnings for the Collection Period Cutoff Date Securitization Value Securitization Value beginning of Collection Period Principal portion of lease payments Terminations- Early Terminations- Scheduled Repurchase Payment (excluding interest) Gross Losses Securitization Value end of Collection Period Pool Factor % Weighted Average Securitization Rate Weighted Average Remaining Term (months) Weighted Average Seasoning (months) Aggregate Base Residual Value Cumulative Turn-in Ratio Proportion of base prepayment assumption realized life to date Actual lifetime prepayment speed Delinquency ~~Profile Delinquency~~ Profile* Amount ** Number of Leases Percentage Current 31-60 Days Delinquent 61-90 Days Delinquent 91-120 Days Delinquent Total *A lease is not considered delinquent if the amount past due is less than 10% of the payment due under such lease **Based on the actual Securitization Value of the respective “leases" 60+ Delinquent Leases to EOP Aggregate Securitization Value: ____% Delinquency Trigger Occurred? [Y/N] Securitization Value of Defaulted Leases, Beg of Collection Period ~~466~~ Liquidation Proceeds Recoveries Principal Net Credit Loss / (Gain) Current Collection Period Prior Collection Period Second Prior Collection Period Third Prior Collection Period Four Month Average Securitization Value of Liquidated Leases, Beg of Collection Period Sales Proceeds and Other Payments Received Residual Loss / (Gain) Current Collection Period Prior Collection Period Second Prior Collection Period Third Prior Collection Period Four Month Average [The fair value of the Notes and the Certificates on the Closing Date is summarized as follows: The Depositor must retain a percentage interest in the Certificates with a fair value of at least 5% of the aggregate value of the Notes and Certificates, or $[insert dollar amount equal to 5% of the aggregate value of the Notes and Certificates], according to Regulation RR. The undersigned Servicer hereby certifies to _______ and its officers, directors and Affiliates (collectively, the “Certification Parties”) as follows, with the knowledge and intent that the Certification Parties will rely on this Certification in connection with the certification concerning the Issuer to be signed by an officer of the Servicer pursuant to the ▇▇▇▇▇▇▇▇-▇▇▇▇▇ Act of 2002: 1. I have reviewed: (i) the servicer compliance statement of the Servicer provided in the form specified by Item 1123 of Regulation AB (the “Compliance Statement”); (ii) the report on assessment of the Servicer’s compliance with the servicing criteria set forth in Item 1122(d) of Regulation AB (the “Servicing Criteria”), provided in accordance with Rules 13a-18 and 15d-18 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and Item 1122 of Regulation AB (the “Servicing Assessment”); (iii) the registered public accounting firm’s attestation report provided in the form specified by Rules 13a-18 and 15d-18 under the Exchange Act and Section 1122(b) of Regulation AB (the “Attestation Report”); and (iv) all servicing reports, officer’s certificates and other information relating to the servicing of the ~~2018~~2025-A Leases and ~~2018~~2025-A Vehicles by the Servicer during 20___ that were delivered by the Servicer to the Indenture Trustee pursuant to the Agreement (collectively, the “Servicing Information”). 2. Based on my knowledge, the Servicing Information, taken as a whole, does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in the light of the circumstances under which such statements were made, not misleading with respect to the period of time covered by the Servicing Information. 3. Based on my knowledge, all of the Servicing Information required to be provided by the Servicer under the Agreement has been provided to the Indenture Trustee. 4. I am responsible for reviewing the activities performed by Mercedes-Benz Financial Services USA LLC, as Servicer (the “Servicer”) under the 2025-A Servicing Supplement, dated as of May 1, 2025 (the “Agreement”), among Mercedes Benz Financial Services USA LLC, as the lender (in such capacity, the “Lender”) and as servicer (in such capacity, the “Servicer”), Mercedes-Benz Vehicle Trust (the “Titling Trust”) and Collateral Title Co., as collateral agent (the “Collateral Agent”), and based on my knowledge and the compliance review conducted in preparing the Compliance Statement and except as disclosed in the Compliance Statement, the Servicing Assessment or the Attestation Report, the Servicer has fulfilled its obligations under the Agreement in all material respects. 5. The Compliance Statement required to be delivered by the Servicer pursuant to the Agreement, and the Servicing Assessment and Attestation Report required to be provided by the Servicer pursuant to the Agreement, have been provided to the Indenture Trustee. Any material instances of noncompliance described in such reports have been disclosed to the Transferor. Any material instance of noncompliance with the Servicing Criteria has been disclosed in such reports. Capitalized terms not otherwise defined herein have the meanings ascribed thereto in the Agreement. MERCEDES-BENZ FINANCIAL SERVICES USA LLC By: Name: Title: The assessment of compliance to be delivered by the Servicer, shall address, at a minimum, the criteria identified as below as “Applicable Servicing Criteria”: 1122(d)(1)(i) Policies and procedures are instituted to monitor any performance or other triggers and events of default in accordance with the transaction agreements. Servicer 1122(d)(1)(ii) If any material servicing activities are outsourced to third parties, policies and procedures are instituted to monitor the third party’s performance and compliance with such servicing activities. Servicer 1122(d)(1)(iii) Any requirements in the transaction agreements to maintain a back-up servicer for the pool assets are maintained. N/A 1122(d)(1)(iv) A fidelity bond and errors and omissions policy is in effect on the party participating in the servicing function throughout the reporting period in the amount of coverage required by and otherwise in accordance with the terms of the transaction agreements. N/A 1122(d)(1)(v) Aggregation of information, as applicable, is mathematically accurate and the information conveyed accurately reflects the information. Servicer 1122(d)(2)(i) Payments on pool assets are deposited into the appropriate custodial bank accounts and related bank clearing accounts no more than two business days following receipt, or such other number of days specified in the transaction agreements. Servicer 1122(d)(2)(ii) Disbursements made via wire transfer on behalf of an obligor or to an investor are made only by authorized personnel. N/A for obligor disbursements Servicer 1122(d)(2)(iii) Advances of funds or guarantees regarding collections, cash flows or distributions, and any interest or other fees charged for such advances, are made, reviewed and approved as specified in the transaction agreements. Servicer 1122(d)(2)(iv) The related accounts for the transaction, such as cash reserve accounts or accounts established as a form of overcollateralization, are separately maintained (e.g., with respect to commingling of cash) as set forth in the transaction agreements. Servicer 1122(d)(2)(v) Each custodial account is maintained at a federally insured depository institution as set forth in the transaction agreements. For purposes of this criterion, “federally insured depository institution” with respect to a foreign financial institution means a foreign financial institution that meets the requirements of Rule 13k-1(b)(1) of the Securities Exchange Act. Indenture Trustee 1122(d)(2)(vi) Unissued checks are safeguarded so as to prevent unauthorized access. N/A 1122(d)(2)(vii) Reconciliations are prepared on a monthly basis for all asset-backed securities related bank accounts, including custodial accounts and related bank clearing accounts. These reconciliations are (A) mathematically accurate; (B) prepared within 30 calendar days after the bank statement cutoff date, or such other number of days specified in the transaction agreements; (C) reviewed and approved by someone other than the person who prepared the reconciliation; and (D) contain explanations for reconciling items. These reconciling items are resolved within 90 calendar days of their original identification, or such other number of days specified in the transaction agreements. Servicer Indenture Trustee 1122(d)(3)(i) Reports to investors, including those to be filed with the Commission, are maintained in accordance with the transaction agreements and applicable Commission requirements. Specifically, such reports (A) are prepared in accordance with timeframes and other terms set forth in the transaction agreements; (B) provide information calculated in accordance with the terms specified in the transaction agreements; (C) are filed with the Commission as required by its rules and regulations; and (D) agree with investors’ or the trustee’s records as to the total unpaid principal balance and number of pool assets serviced by the Servicer. Servicer 1122(d)(3)(ii) Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other terms set forth in the transaction agreements. Servicer Indenture Trustee 1122(d)(3)(iii) Disbursements made to an investor are posted within two business days to the Servicer’s investor records, or such other number of days specified in the transaction agreements. Servicer Indenture Trustee 1122(d)(3)(iv) Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank statements. Servicer Indenture Trustee 1122(d)(4)(i) Collateral or security on pool assets is maintained as required by the transaction agreements or related pool asset documents. Servicer 1122(d)(4)(ii) Pool assets and related documents are safeguarded as required by the transaction agreements Servicer 1122(d)(4)(iii) Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any conditions or requirements in the transaction agreements. Servicer 1122(d)(4)(iv) Payments on pool assets, including any payoffs, made in accordance with the related pool assets documents are posted to the Servicer’s obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related pool asset documents. Servicer 1122(d)(4)(v) The Servicer’s records regarding the pool assets agree with the Servicer’s records with respect to an obligor’s unpaid principal balance. Servicer 1122(d)(4)(vi) Changes with respect to the terms or status of an obligor's pool assets (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with usual customary procedures. Servicer 1122(d)(4)(vii) Loss mitigation or recovery actions (e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with usual customary procedures. Servicer 1122(d)(4)(viii) Records documenting collection efforts are maintained during the period a pool asset is delinquent in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity’s activities in monitoring delinquent pool assets including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness or unemployment). Servicer 1122(d)(4)(ix) Adjustments to interest rates or rates of return for pool assets with variable rates are computed based on the related pool asset documents. N/A 1122(d)(4)(x) Regarding any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the obligor’s pool asset documents, on at least an annual basis, or such other period specified in the transaction agreements; (B) interest on such funds is paid, or credited, to obligors in accordance with applicable pool asset documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the related pool assets, or such other number of days specified in the transaction agreements. N/A 1122(d)(4)(xi) Payments made on behalf of an obligor (such as tax or insurance payments) are made on or before the related penalty or expiration dates, as indicated on the appropriate bills or notices for such payments, provided that such support has been received by the servicer at least 30 calendar days prior to these dates, or such other number of days specified in the transaction agreements. N/A 1122(d)(4)(xii) Any late payment penalties in connection with any payment

Appears in 2 contracts

Sources: Servicing Supplement (Mercedes-Benz Auto Lease Trust 2025-A), Servicing Supplement (Mercedes-Benz Auto Lease Trust 2025-A)

Model Year. The related ~~2018~~2021-A B Vehicle has a model year between ~~2013~~ 2017 and ~~2017~~ 2021, inclusive. ~~Monthly~~ Mercedes-Benz Auto Lease Trust 2021-B Investor Report Collection Period Ended DD-Mon-YYYY Amounts in USD Collection Period No. # Collection Period (from... to) DD-Mon-YYYY DD-Mon-YYYY Determination Date DD-Mon-YYYY Record Date DD-Mon-YYYY Payment Date DD-Mon-YYYY Interest Period of the Class ~~A-1 Notes (from... to) DD-Mon-YYYY DD-Mon-YYYY Actual/360 Days # Interest Period of the Class~~ ▇-▇, ▇-▇ and A-4 Notes (from... to) DD-Mon-YYYY DD-Mon-YYYY 30/360 Days # ~~Initial Balance Beginning Balance Ending Balance Principal Payment Principal per $1000 Face Amount Note Factor~~ Class A-1 Notes Class A-2 Notes Class A-3 Notes Class A-4 Notes Overcollateralization present value of lease payments $ $ $ present value of Base Residual Value $ $ $ ~~Amount Percentage~~ Initial Overcollateralization Amount $ % Target Overcollateralization Amount $ % Current Overcollateralization Amount $ % ~~Interest Rate Interest Payment Interest per $1000 Face Amount Interest & Principal Payment Interest & Principal Payment per $1000 Face Amount~~ Class A-1 Notes 0.00% $ $ Class A-2 Notes % $ $ Class A-3 Notes % $ $ Class A-4 Notes % $ $ Lease Payments Received $ Net Sales Proceeds-early terminations (including Defaulted Leases) $ Net Sales Proceeds-scheduled terminations $ Excess wear and tear included in Net Sales Proceeds $ Excess mileage included in Net Sales Proceeds $ Repurchase Payments $ Advances made by the Servicer $ Investment Earnings $ Total Available Funds $ (1) Total Servicing Fee and Nonrecoverable Servicer Advances $ (2) Exchange Note Interest Distributable Amount ([__]__%) $ (3) Exchange Note Principal Distributable Amount $ (4) Any amounts by which the sum payable pursuant to Section 8.03(a)(i) through (vii) of the Indenture (or, if applicable, pursuant to Section ~~5.04(b)(i) through~~ 5.04(b)(i)through (vvii) of the Indenture) exceed the sum of the Exchange Note Interest Distributable Amount and the Exchange Note Principal Distributable Amount $ (5) Remaining Funds Payable $ Total Exchange Note Payments $ Reserve Account Draw Amount $ (1) Total Trustee Fees and any Asset Representations Reviewer fees (max $250,000 p.a.) $ (2) Interest Distributable Amount Class A A-2, Class A-3 and Class A-4 Notes $ (3) Priority Principal Distribution Amount $ (4) To Reserve Fund to reach the Reserve Fund Required Amount $ (5) Regular Principal Distribution Amount $ (6) Additional Servicing Fee and Transition Costs $ (7) Total Trustee Fees and any Asset Representations Reviewer fees [not previously paid under (1)] $ (8) Excess Collections to Certificateholders $ Amount Due Amount Paid Shortfall Total Servicing Fee Total Trustee Fee Monthly Interest Distributable Amount ~~thereof on Class A-1 Notes~~ thereof on Class A-2 Notes thereof on Class A-3 Notes thereof on Class A-4 Notes Interest Carryover Shortfall Amount ~~thereof on Class A-1 Notes~~ thereof on Class A-2 Notes thereof on Class A-3 Notes thereof on Class A-4 Notes Interest Distributable Amount Class A Notes Priority Principal Distribution Amount Regular Principal Distribution Amount Principal Distribution Amount Reserve Fund Required Amount Reserve Fund Amount - Beginning Balance plus top up Reserve Fund up to the Required Amount plus Net Investment Earnings for the Collection Period minus Net Investment Earnings minus Reserve Fund Draw Amount Reserve Fund Amount - Ending Balance Reserve Fund Deficiency Investment Earnings Net Investment Earnings on the Reserve Fund Net Investment Earnings on the Exchange Note Collection Account Investment Earnings for the Collection Period Cutoff Date Securitization Value Securitization Value beginning of Collection Period Principal portion of lease payments Terminations- Early Terminations- Scheduled Repurchase Payment (excluding interest) Gross Losses Securitization Value end of Collection Period Pool Factor % Weighted Average Securitization Rate Weighted Average Remaining Term (months) Weighted Average Seasoning (months) Aggregate Base Residual Value Cumulative Turn-in Ratio Proportion of base prepayment assumption realized life to date Actual lifetime prepayment speed Delinquency ~~Profile Delinquency~~ Profile* Amount ** Number of Leases Percentage Current 31-60 Days Delinquent 61-90 Days Delinquent 91-120 Days Delinquent Total *A lease is not considered delinquent if the amount past due is less than 10% of the payment due under such lease **Based on the actual Securitization Value of the respective leases" 60+ Delinquent Leases to EOP Aggregate Securitization Value: ~~___~~5.147% Delinquency Trigger Occurred? [Y/N] Securitization Value of Defaulted Leases, Beg of Collection Period ~~466~~ Liquidation Proceeds Recoveries Principal Net Credit Loss / (Gain) Current Collection Period Prior Collection Period Second Prior Collection Period Third Prior Collection Period Four Month Average Securitization Value of Liquidated Leases, Beg of Collection Period Sales Proceeds and Other Payments Received Residual Loss / (Gain) Current Collection Period Prior Collection Period Second Prior Collection Period Third Prior Collection Period Four Month Average [The fair value of the Notes and the Certificates on the Closing Date is summarized as follows: The Depositor must retain a percentage interest in the Certificates with a fair value of at least 5% of the aggregate value of the Notes and Certificates, or $[insert dollar amount equal to 5% of the aggregate value of the Notes and Certificates], according to Regulation RR. The undersigned Servicer hereby certifies to _______ and its officers, directors and Affiliates (collectively, the “Certification Parties”) as follows, with the knowledge and intent that the Certification Parties will rely on this Certification in connection with the certification concerning the Issuer to be signed by an officer of the Servicer pursuant to the ▇▇▇▇▇▇▇▇-▇▇▇▇▇ Act of 2002: 1. I have reviewed: (i) the servicer compliance statement of the Servicer provided in the form specified by Item 1123 of Regulation AB (the “Compliance Statement”); (ii) the report on assessment of the Servicer’s compliance with the servicing criteria set forth in Item 1122(d) of Regulation AB (the “Servicing Criteria”), provided in accordance with Rules 13a-18 and 15d-18 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and Item 1122 of Regulation AB (the “Servicing Assessment”); (iii) the registered public accounting firm’s attestation report provided in the form specified by Rules 13a-18 and 15d-18 under the Exchange Act and Section 1122(b) of Regulation AB (the “Attestation Report”); and (iv) all servicing reports, officer’s certificates and other information relating to the servicing of the ~~2018~~2021-A B Leases and ~~2018~~2021-A B Vehicles by the Servicer during 20___ that were delivered by the Servicer to the Indenture Trustee pursuant to the Agreement (collectively, the “Servicing Information”).

Appears in 2 contracts

Sources: Servicing Supplement (Mercedes-Benz Auto Lease Trust 2021-B), Servicing Supplement (Mercedes-Benz Auto Lease Trust 2021-B)

Model Year. The related ~~2018~~2019-A B Vehicle has a model year between ~~2013~~ 2015 and ~~2017~~ 2020, inclusive. ~~Monthly~~ Mercedes-Benz Auto Lease Trust 2019-B Investor Report Collection Period Ended DD-Mon-YYYY Amounts in USD Collection Period No. # Collection Period (from... to) DD-Mon-YYYY DD-Mon-YYYY Determination Date DD-Mon-YYYY Record Date DD-Mon-YYYY Payment Date DD-Mon-YYYY Interest Period of the Class ~~A-1 Notes (from... to) DD-Mon-YYYY DD-Mon-YYYY Actual/360 Days # Interest Period of the Class~~ ▇-▇, ▇-▇ and A-4 Notes (from... to) DD-Mon-YYYY DD-Mon-YYYY 30/360 Days # ~~Initial Balance Beginning Balance Ending Balance Principal Payment Principal per $1000 Face Amount Note Factor~~ Class A-1 Notes Class A-2 Notes Class A-3 Notes Class A-4 Notes Overcollateralization present value of lease payments $ $ $ present value of Base Residual Value $ $ $ ~~Amount Percentage~~ Initial Overcollateralization Amount $ % Target Overcollateralization Amount $ % Current Overcollateralization Amount $ % ~~Interest Rate Interest Payment Interest per $1000 Face Amount Interest & Principal Payment Interest & Principal Payment per $1000 Face Amount~~ Class A-1 Notes % $ $ Class A-2 Notes % $ $ Class A-3 Notes % $ $ Class A-4 Notes % $ $ Lease Payments Received $ Net Sales Proceeds-early terminations (including Defaulted Leases) $ Net Sales Proceeds-scheduled terminations $ Excess wear and tear included in Net Sales Proceeds $ Excess mileage included in Net Sales Proceeds $ Repurchase Payments $ Advances made by the Servicer $ Investment Earnings $ Total Available Funds $ (1) Total Servicing Fee and Nonrecoverable Servicer Advances $ (2) Exchange Note Interest Distributable Amount ([__]__%) $ (3) Exchange Note Principal Distributable Amount $ (4) Any amounts by which the sum payable pursuant to Section 8.03(a)(i) through (vii) of the Indenture (or, if applicable, pursuant to Section ~~5.04(b)(i) through~~ 5.04(b)(i)through (vvii) of the Indenture) exceed the sum of the Exchange Note Interest Distributable Amount and the Exchange Note Principal Distributable Amount $ (5) Remaining Funds Payable $ Total Exchange Note Payments $ Reserve Account Draw Amount $ (1) Total Trustee Fees and any Asset Representations Reviewer fees (max $250,000 p.a.) $ (2) Interest Distributable Amount Class A Notes $ (3) Priority Principal Distribution Amount $ (4) To Reserve Fund to reach the Reserve Fund Required Amount $ (5) Regular Principal Distribution Amount $ (6) Additional Servicing Fee and Transition Costs $ (7) Total Trustee Fees and any Asset Representations Reviewer fees [not previously paid under (1)] $ (8) Excess Collections to Certificateholders $ Amount Due Amount Paid Shortfall Total Servicing Fee Total Trustee Fee Monthly Interest Distributable Amount ~~thereof on Class A-1 Notes~~ thereof on Class A-2 Notes thereof on Class A-3 Notes thereof on Class A-4 Notes Interest Carryover Shortfall Amount ~~thereof on Class A-1 Notes~~ thereof on Class A-2 Notes thereof on Class A-3 Notes thereof on Class A-4 Notes Interest Distributable Amount Class A Notes Priority Principal Distribution Amount Regular Principal Distribution Amount Principal Distribution Amount Reserve Fund Required Amount Reserve Fund Amount - Beginning Balance plus top up Reserve Fund up to the Required Amount plus Net Investment Earnings for the Collection Period minus Net Investment Earnings minus Reserve Fund Draw Amount Reserve Fund Amount - Ending Balance Reserve Fund Deficiency Investment Earnings ~~Net Investment Earnings on the Reserve Fund~~ Net Investment Earnings on the Exchange Note Collection Account Investment Earnings for the Collection Period Cutoff Date Securitization Value Securitization Value beginning of Collection Period Principal portion of lease payments Terminations- Early Terminations- Scheduled Repurchase Payment (excluding interest) Gross Losses Securitization Value end of Collection Period Pool Factor % Weighted Average Securitization Rate Weighted Average Remaining Term (months) Weighted Average Seasoning (months) Aggregate Base Residual Value Cumulative Turn-in Ratio Proportion of base prepayment assumption realized life to date Actual lifetime prepayment speed Delinquency ~~Profile Delinquency~~ Profile* Amount ** Number of Leases Percentage Current 31-60 Days Delinquent 61-90 Days Delinquent 91-120 Days Delinquent Total *A lease is not considered delinquent if the amount past due is less than 10% of the payment due under such lease **Based on the actual Securitization Value of the respective leases" 60+ Delinquent Leases to EOP Aggregate Securitization Value: ~~___~~4.747% Delinquency Trigger Occurred? [Y/N] Securitization Value of Defaulted Leases, Beg of Collection Period ~~466~~ Liquidation Proceeds Recoveries Principal Net Credit Loss / (Gain) Current Collection Period Prior Collection Period Second Prior Collection Period Third Prior Collection Period Four Month Average Securitization Value of Liquidated Leases, Beg of Collection Period Sales Proceeds and Other Payments Received Residual Loss / (Gain) Current Collection Period Prior Collection Period Second Prior Collection Period Third Prior Collection Period Four Month Average [The fair value of the Notes and the Certificates on the Closing Date is summarized as follows: The Depositor must retain a percentage interest in the Certificates with a fair value of at least 5% of the aggregate value of the Notes and Certificates, or $[insert dollar amount equal to 5% of the aggregate value of the Notes and Certificates], according to Regulation RR. The undersigned Servicer hereby certifies to _______ and its officers, directors and Affiliates (collectively, the “Certification Parties”) as follows, with the knowledge and intent that the Certification Parties will rely on this Certification in connection with the certification concerning the Issuer to be signed by an officer of the Servicer pursuant to the ▇▇▇▇▇▇▇▇-▇▇▇▇▇ Act of 2002: 1. I have reviewed: (i) the servicer compliance statement of the Servicer provided in the form specified by Item 1123 of Regulation AB (the “Compliance Statement”); (ii) the report on assessment of the Servicer’s compliance with the servicing criteria set forth in Item 1122(d) of Regulation AB (the “Servicing Criteria”), provided in accordance with Rules 13a-18 and 15d-18 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and Item 1122 of Regulation AB (the “Servicing Assessment”); (iii) the registered public accounting firm’s attestation report provided in the form specified by Rules 13a-18 and 15d-18 under the Exchange Act and Section 1122(b) of Regulation AB (the “Attestation Report”); and (iv) all servicing reports, officer’s certificates and other information relating to the servicing of the ~~2018~~2019-A B Leases and ~~2018~~2019-A B Vehicles by the Servicer during 20___ that were delivered by the Servicer to the Indenture Trustee pursuant to the Agreement (collectively, the “Servicing Information”). 2. Based on my knowledge, the Servicing Information, taken as a whole, does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in the light of the circumstances under which such statements were made, not misleading with respect to the period of time covered by the Servicing Information. 3. Based on my knowledge, all of the Servicing Information required to be provided by the Servicer under the Agreement has been provided to the Indenture Trustee. 4. I am responsible for reviewing the activities performed by Mercedes-Benz Financial Services USA LLC, as Servicer (the “Servicer”) under the 2019-B Servicing Supplement, dated as of November 1, 2019 (the “Agreement”), among Mercedes Benz Financial Services USA LLC, as the lender (in such capacity, the “Lender”) and as servicer (in such capacity, the “Servicer”), Daimler Trust (the “Titling Trust”) and Daimler Title Co., as collateral agent (the “Collateral Agent”), and based on my knowledge and the compliance review conducted in preparing the Compliance Statement and except as disclosed in the Compliance Statement, the Servicing Assessment or the Attestation Report, the Servicer has fulfilled its obligations under the Agreement in all material respects. 5. The Compliance Statement required to be delivered by the Servicer pursuant to the Agreement, and the Servicing Assessment and Attestation Report required to be provided by the Servicer pursuant to the Agreement, have been provided to the Indenture Trustee. Any material instances of noncompliance described in such reports have been disclosed to the Transferor. Any material instance of noncompliance with the Servicing Criteria has been disclosed in such reports. Capitalized terms not otherwise defined herein have the meanings ascribed thereto in the Agreement. MERCEDES-BENZ FINANCIAL SERVICES USA LLC By: Name: Title: The assessment of compliance to be delivered by the Servicer, shall address, at a minimum, the criteria identified as below as “Applicable Servicing Criteria”: 1122(d)(1)(i) Policies and procedures are instituted to monitor any performance or other triggers and events of default in accordance with the transaction agreements. Servicer 1122(d)(1)(ii) If any material servicing activities are outsourced to third parties, policies and procedures are instituted to monitor the third party’s performance and compliance with such servicing activities. Servicer 1122(d)(1)(iii) Any requirements in the transaction agreements to maintain a back-up servicer for the pool assets are maintained. N/A 1122(d)(1)(iv) A fidelity bond and errors and omissions policy is in effect on the party participating in the servicing function throughout the reporting period in the amount of coverage required by and otherwise in accordance with the terms of the transaction agreements. 1122(d)(1)(v) Aggregation of information, as applicable, is mathematically accurate and the information conveyed accurately reflects the information. Servicer 1122(d)(2)(i) Payments on pool assets are deposited into the appropriate custodial bank accounts and related bank clearing accounts no more than two business days following receipt, or such other number of days specified in the transaction agreements. Servicer 1122(d)(2)(ii) Disbursements made via wire transfer on behalf of an obligor or to an investor are made only by authorized personnel. N/A for obligor disbursements Servicer 1122(d)(2)(iii) Advances of funds or guarantees regarding collections, cash flows or distributions, and any interest or other fees charged for such advances, are made, reviewed and approved as specified in the transaction agreements. Servicer 1122(d)(2)(iv) The related accounts for the transaction, such as cash reserve accounts or accounts established as a form of overcollateralization, are separately maintained (e.g., with respect to commingling of cash) as set forth in the transaction agreements. Servicer 1122(d)(2)(v) Each custodial account is maintained at a federally insured depository institution as set forth in the transaction agreements. For purposes of this criterion, “federally insured depository institution” with respect to a foreign financial institution means a foreign financial institution that meets the requirements of Rule 13k-1(b)(1) of the Securities Exchange Act. Indenture Trustee 1122(d)(2)(vi) Unissued checks are safeguarded so as to prevent unauthorized access. N/A 1122(d)(2)(vii) Reconciliations are prepared on a monthly basis for all asset-backed securities related bank accounts, including custodial accounts and related bank clearing accounts. These reconciliations are (A) mathematically accurate; (B) prepared within 30 calendar days after the bank statement cutoff date, or such other number of days specified in the transaction agreements; (C) reviewed and approved by someone other than the person who prepared the reconciliation; and (D) contain explanations for reconciling items. These reconciling items are resolved within 90 calendar days of their original identification, or such other number of days specified in the transaction agreements. Servicer Indenture Trustee 1122(d)(3)(i) Reports to investors, including those to be filed with the Commission, are maintained in accordance with the transaction agreements and applicable Commission requirements. Specifically, such reports (A) are prepared in accordance with timeframes and other terms set forth in the transaction agreements; (B) provide information calculated in accordance with the terms specified in the transaction agreements; (C) are filed with the Commission as required by its rules and regulations; and (D) agree with investors’ or the trustee’s records as to the total unpaid principal balance and number of pool assets serviced by the Servicer. Servicer 1122(d)(3)(ii) Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other terms set forth in the transaction agreements. Servicer Indenture Trustee 1122(d)(3)(iii) Disbursements made to an investor are posted within two business days to the Servicer’s investor records, or such other number of days specified in the transaction agreements. Servicer Indenture Trustee 1122(d)(3)(iv) Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank statements. Servicer Indenture Trustee 1122(d)(4)(i) Collateral or security on pool assets is maintained as required by the transaction agreements or related pool asset documents. Servicer 1122(d)(4)(ii) Pool assets and related documents are safeguarded as required by the transaction agreements Servicer 1122(d)(4)(iii) Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any conditions or requirements in the transaction agreements. Servicer 1122(d)(4)(iv) Payments on pool assets, including any payoffs, made in accordance with the related pool assets documents are posted to the Servicer’s obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related pool asset documents. Servicer 1122(d)(4)(v) The Servicer’s records regarding the pool assets agree with the Servicer’s records with respect to an obligor’s unpaid principal balance. Servicer 1122(d)(4)(vi) Changes with respect to the terms or status of an obligor's pool assets (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with usual customary procedures. Servicer 1122(d)(4)(vii) Loss mitigation or recovery actions (e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with usual customary procedures. Servicer 1122(d)(4)(viii) Records documenting collection efforts are maintained during the period a pool asset is delinquent in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity’s activities in monitoring delinquent pool assets including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness or unemployment). Servicer 1122(d)(4)(ix) Adjustments to interest rates or rates of return for pool assets with variable rates are computed based on the related pool asset documents. N/A 1122(d)(4)(x) Regarding any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the obligor’s pool asset documents, on at least an annual basis, or such other period specified in the transaction agreements; (B) interest on such funds is paid, or credited, to obligors in accordance with applicable pool asset documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the related pool assets, or such other number of days specified in the transaction agreements. N/A 1122(d)(4)(xi) Payments made on behalf of an obligor (such as tax or insurance payments) are made on or before the related penalty or expiration dates, as indicated on the appropriate bills or notices for such payments, provided that such support has been received by the servicer at least 30 calendar days prior to these dates, or such other number of days specified in the transaction agreements. N/A 1122(d)(4)(xii) Any late payment penalties in connection with any payment to be made on behalf of an obligor are paid from the servicer’s funds and not charged to the obligor, unless the late payment was due to the obligor’s error or omission. N/A 1122(d)(4)(xiii) Disbursements made on behalf of an obligor are

Appears in 2 contracts

Sources: 2019 B Servicing Supplement (Mercedes-Benz Auto Lease Trust 2019-B), 2019 B Servicing Supplement (Mercedes-Benz Auto Lease Trust 2019-B)

Model Year. The related ~~2018~~2016-A B Vehicle has a model year between ~~2013~~ 2012 and ~~2017~~ 2017, inclusive. ~~Monthly~~ Investor Report Collection Period Ended DD-Mon-YYYY ` Amounts in USD Collection Period No. # Collection Period (from... to) DD-Mon-YYYY DD-Mon-YYYY Determination Date DD-Mon-YYYY Record Date DD-Mon-YYYY Payment Date DD-Mon-YYYY Interest Period of the Class A-1 ~~Notes~~ (from... to) DD-Mon-YYYY DD-Mon-YYYY Actual/360 Days # Interest Period of the Class ▇-▇, ▇-▇ and A-4 Notes (from... to) DD-Mon-YYYY DD-Mon-YYYY 30/360 Days # ~~Initial Balance Beginning Balance Ending Balance Principal Payment Principal per $1000 Face Amount Note Factor~~ Class A-1 Notes Class A-2 Notes Class A-3 Notes Class A-4 Notes Overcollateralization present value of lease payments $ $ $ present value of Base Residual Value $ $ $ ~~Amount Percentage~~ Initial Overcollateralization Amount $ % Target Overcollateralization Amount $ % Current Overcollateralization Amount $ % Interest Rate Interest Payment Interest per $1000 Face Amount Interest & Principal Payment Interest & Principal Payment per $1000 Face Amount Class A-1 Notes % $ $ Class A-2 Notes % $ $ Class A-3 Notes % $ $ Class A-4 Notes % $ $ Lease Payments Received $ Net Sales Proceeds-early terminations (including Defaulted Leases) $ Net Sales Proceeds-scheduled terminations $ Excess wear and tear included in Net Sales Proceeds $ Excess mileage included in Net Sales Proceeds $ Repurchase Payments $ Advances made by the Servicer $ Investment Earnings $ Total Available Funds $ (1) Total Servicing Fee and Nonrecoverable Servicer Advances $ (2) Exchange Note Interest Distributable Amount (~~[__]~~1.70%) $ (3) Exchange Note Principal Distributable Amount $ (4) Any amounts by which the sum payable pursuant to Section 8.03(a)(i) through (vii) of the Indenture (or, if applicable, pursuant to Section ~~5.04(b)(i) through~~ 5.04(b)(i)through (vvii) of the Indenture) exceed the sum of the Exchange Note Interest Distributable Amount and the Exchange Note Principal Distributable Amount $ (5) Remaining Funds Payable $ Total Exchange Note Payments $ Reserve Account Draw Amount $ (1) Total Trustee Fees and any Asset Representations Reviewer fees (max $250,000 p.a.) $ (2) Interest Distributable Amount Class A Notes $ (3) Priority Principal Distribution Amount $ (4) To Reserve Fund to reach the Reserve Fund Required Amount $ (5) Regular Principal Distribution Amount $ (6) Additional Servicing Fee and Transition Costs $ (7) Total Trustee Fees and any Asset Representations Reviewer fees [not previously paid under (1)] $ (8) Excess Collections to Certificateholders $ Amount Due Amount Paid Shortfall Total Servicing Fee Total Trustee Fee Monthly Interest Distributable Amount thereof on Class A-1 Notes thereof on Class A-2 Notes thereof on Class A-3 Notes thereof on Class A-4 Notes ~~Interest Carryover Shortfall Amount~~ thereof on Class A-1 Notes thereof on Class A-2 Notes thereof on Class A-3 Notes thereof on Class A-4 Notes Interest Distributable Amount Class A Notes Priority Principal Distribution Amount Regular Principal Distribution Amount Principal Distribution Amount Reserve Fund Required Amount Reserve Fund Amount - Beginning Balance plus top up Reserve Fund up to the Required Amount plus Net Investment Earnings for the Collection Period minus Net Investment Earnings minus Reserve Fund Draw Amount Reserve Fund Amount - Ending Balance Reserve Fund Deficiency Investment Earnings Net Investment Earnings on the Reserve Fund Net Investment Earnings on the Exchange Note Collection Account Investment Earnings for the Collection Period Cutoff Date Securitization Value Securitization Value beginning of Collection Period Principal portion of lease payments Terminations- Early Terminations- Scheduled Repurchase Payment (excluding interest) Gross Losses Securitization Value end of Collection Period Pool Factor % Weighted Average Securitization Rate Weighted Average Remaining Term (months) Weighted Average Seasoning (months) Aggregate Base Residual Value Cumulative Turn-in Ratio Proportion of base prepayment assumption realized life to date Actual lifetime prepayment speed ~~Delinquency Profile~~ Delinquency Profile* Amount ** Number of Leases Percentage Current 31-60 Days Delinquent 61-90 Days Delinquent 91-120 Days Delinquent Total *A lease is not considered delinquent if the amount past due is less than 10% of the payment due under such lease **Based on the actual Securitization Value of the respective leases" 60+ Delinquent Leases to EOP Aggregate Securitization Value: ___% Delinquency Trigger Occurred? [Y/N] Securitization Value of Defaulted Leases, Beg of Collection Period 466 Liquidation Proceeds Recoveries Principal Net Credit Loss / (Gain) Current Collection Period Prior Collection Period Second Prior Collection Period Third Prior Collection Period Four Month Average Securitization Value of Liquidated Leases, Beg of Collection Period Sales Proceeds and Other Payments Received Residual Loss / (Gain) Current Collection Period Prior Collection Period Second Prior Collection Period Third Prior Collection Period Four Month Average ~~[The fair value of the Notes and the Certificates on the Closing Date is summarized as follows~~FORM OF PERFORMANCE CERTIFICATION Re: The Depositor must retain a percentage interest in the Certificates with a fair value of at least 5% of the aggregate value of the Notes and Certificates, or $[insert dollar amount equal to 5% of the aggregate value of the Notes and Certificates], according to Regulation RR. Mercedes-Benz Auto Lease Trust 2016-B The undersigned Servicer hereby certifies to _______ and its officers, directors and Affiliates (collectively, the “Certification Parties”) as follows, with the knowledge and intent that the Certification Parties will rely on this Certification in connection with the certification concerning the Issuer to be signed by an officer of the Servicer pursuant to the ▇▇▇▇▇▇▇▇-▇▇▇▇▇ Act of 2002: 1. I have reviewed: (i) the servicer compliance statement of the Servicer provided in the form specified by Item 1123 of Regulation AB (the “Compliance Statement”); (ii) the report on assessment of the Servicer’s compliance with the servicing criteria set forth in Item 1122(d) of Regulation AB (the “Servicing Criteria”), provided in accordance with Rules 13a-18 and 15d-18 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and Item 1122 of Regulation AB (the “Servicing Assessment”); (iii) the registered public accounting firm’s attestation report provided in the form specified by Rules 13a-18 and 15d-18 under the Exchange Act and Section 1122(b) of Regulation AB (the “Attestation Report”); and (iv) all servicing reports, officer’s certificates and other information relating to the servicing of the ~~2018~~2016-A B Leases and ~~2018~~2016-A B Vehicles by the Servicer during 20___ that were delivered by the Servicer to the Indenture Trustee pursuant to the Agreement (collectively, the “Servicing Information”). 2. Based on my knowledge, the Servicing Information, taken as a whole, does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in the light of the circumstances under which such statements were made, not misleading with respect to the period of time covered by the Servicing Information. 3. Based on my knowledge, all of the Servicing Information required to be provided by the Servicer under the Agreement has been provided to the Indenture Trustee. 4. I am responsible for reviewing the activities performed by Mercedes-Benz Financial Services USA LLC, as Servicer (the “Servicer”) under the 2016-B Servicing Supplement, dated as of October 1, 2016 (the “Agreement”), among Mercedes Benz Financial Services USA LLC, as the lender (in such capacity, the “Lender”) and as servicer (in such capacity, the “Servicer”), Daimler Trust (the “Titling Trust”) and Daimler Title Co., as collateral agent (the “Collateral Agent”), and based on my knowledge and the compliance review conducted in preparing the Compliance Statement and except as disclosed in the Compliance Statement, the Servicing Assessment or the Attestation Report, the Servicer has fulfilled its obligations under the Agreement in all material respects. 5. The Compliance Statement required to be delivered by the Servicer pursuant to the Agreement, and the Servicing Assessment and Attestation Report required to be provided by the Servicer pursuant to the Agreement, have been provided to the Indenture Trustee. Any material instances of noncompliance described in such reports have been disclosed to the Transferor. Any material instance of noncompliance with the Servicing Criteria has been disclosed in such reports. Capitalized terms not otherwise defined herein have the meanings ascribed thereto in the Agreement. Date: ____________________ MERCEDES-BENZ FINANCIAL SERVICES USA LLC By: /s/ Name: Title: The assessment of compliance to be delivered by the Servicer, shall address, at a minimum, the criteria identified as below as “Applicable Servicing Criteria”: 1122(d)(1)(i) Policies and procedures are instituted to monitor any performance or other triggers and events of default in accordance with the transaction agreements. Servicer 1122(d)(1)(ii) If any material servicing activities are outsourced to third parties, policies and procedures are instituted to monitor the third party’s performance and compliance with such servicing activities. Servicer 1122(d)(1)(iii) Any requirements in the transaction agreements to maintain a back-up servicer for the pool assets are maintained. N/A 1122(d)(1)(iv) A fidelity bond and errors and omissions policy is in effect on the party participating in the servicing function throughout the reporting period in the amount of coverage required by and otherwise in accordance with the terms of the transaction agreements. 1122(d)(1)(v) Aggregation of information, as applicable, is mathematically accurate and the information conveyed accurately reflects the information. Servicer 1122(d)(2)(i) Payments on pool assets are deposited into the appropriate custodial bank accounts and related bank clearing accounts no more than two business days following receipt, or such other number of days specified in the transaction agreements. Servicer 1122(d)(2)(ii) Disbursements made via wire transfer on behalf of an obligor or to an investor are made only by authorized personnel. N/A for obligor disbursements Servicer 1122(d)(2)(iii) Advances of funds or guarantees regarding collections, cash flows or distributions, and any interest or other fees charged for such advances, are made, reviewed and approved as specified in the transaction agreements. Servicer 1122(d)(2)(iv) The related accounts for the transaction, such as cash reserve accounts or accounts established as a form of overcollateralization, are separately maintained (e.g., with respect to commingling of cash) as set forth in the transaction agreements. Servicer 1122(d)(2)(v) Each custodial account is maintained at a federally insured depository institution as set forth in the transaction agreements. For purposes of this criterion, “federally insured depository institution” with respect to a foreign financial institution means a foreign financial institution that meets the requirements of Rule 13k-1(b)(1) of the Securities Exchange Act. Indenture Trustee 1122(d)(2)(vi) Unissued checks are safeguarded so as to prevent unauthorized access. N/A 1122(d)(2)(vii) Reconciliations are prepared on a monthly basis for all asset-backed securities related bank accounts, including custodial accounts and related bank clearing accounts. These reconciliations are (A) mathematically accurate; (B) prepared within 30 calendar days after the bank statement cutoff date, or such other number of days specified in the transaction agreements; (C) reviewed and approved by someone other than the person who prepared the reconciliation; and (D) contain explanations for reconciling items. These reconciling items are resolved within 90 calendar days of their original identification, or such other number of days specified in the transaction agreements. Servicer Indenture Trustee 1122(d)(3)(i) Reports to investors, including those to be filed with the Commission, are maintained in accordance with the transaction agreements and applicable Commission requirements. Specifically, such reports (A) are prepared in accordance with timeframes and other terms set forth in the transaction agreements; (B) provide information calculated in accordance with the terms specified in the transaction agreements; (C) are filed with the Commission as required by its rules and regulations; and (D) agree with investors’ or the trustee’s records as to the total unpaid principal balance and number of pool assets serviced by the Servicer. Servicer 1122(d)(3)(ii) Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other terms set forth in the transaction agreements. Servicer Indenture Trustee 1122(d)(3)(iii) Disbursements made to an investor are posted within two business days to the Servicer’s investor records, or such other number of days specified in the transaction agreements. Servicer Indenture Trustee 1122(d)(3)(iv) Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank statements. Servicer Indenture Trustee 1122(d)(4)(i) Collateral or security on pool assets is maintained as required by the transaction agreements or related pool asset documents. Servicer 1122(d)(4)(ii) Pool assets and related documents are safeguarded as required by the transaction agreements Servicer 1122(d)(4)(iii) Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any conditions or requirements in the transaction agreements. Servicer 1122(d)(4)(iv) Payments on pool assets, including any payoffs, made in accordance with the related pool assets documents are posted to the Servicer’s obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related pool asset documents. Servicer 1122(d)(4)(v) The Servicer’s records regarding the pool assets agree with the Servicer’s records with respect to an obligor’s unpaid principal balance. Servicer 1122(d)(4)(vi) Changes with respect to the terms or status of an obligor's pool assets (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with usual customary procedures. Servicer 1122(d)(4)(vii) Loss mitigation or recovery actions (e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with usual customary procedures. Servicer 1122(d)(4)(viii) Records documenting collection efforts are maintained during the period a pool asset is delinquent in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity’s activities in monitoring delinquent pool assets including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness or unemployment). Servicer 1122(d)(4)(ix) Adjustments to interest rates or rates of return for pool assets with variable rates are computed based on the related pool asset documents. N/A 1122(d)(4)(x) Regarding any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the obligor’s pool asset documents, on at least an annual basis, or such other period specified in the transaction agreements; (B) interest on such funds is paid, or credited, to obligors in accordance with applicable pool asset documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the related pool assets, or such other number of days specified in the transaction agreements. N/A 1122(d)(4)(xi) Payments made on behalf of an obligor (such as tax or insurance payments) are made on or before the related penalty or expiration dates, as indicated on the appropriate bills or notices for such payments, provided that such support has been received by the servicer at least 30 calendar days prior to these dates, or such other number of days specified in the transaction agreements. N/A 1122(d)(4)(xii) Any late payment penalties in connection with any payment to be made on behalf of an obligor are paid from the servicer’s funds and not charged to the obligor, unless the late payment was due to the obligor’s error or omission. N/A 1122(d)(4)(xiii) Disbursements made on behalf of an obligor are posted

Appears in 2 contracts

Sources: Servicing Supplement (Mercedes-Benz Auto Lease Trust 2016-B), Servicing Supplement (Mercedes-Benz Auto Lease Trust 2016-B)

Model Year. The related 2018-A B Vehicle has a model year between ~~2013~~ 2014 and ~~2017 inclusive~~2018. ~~Monthly~~ Mercedes-Benz Auto Lease Trust 2018-B Investor Report Collection Period Ended DD-Mon-YYYY Amounts in USD Collection Period No. # Collection Period (from... to) DD-Mon-YYYY DD-Mon-YYYY Determination Date DD-Mon-YYYY Record Date DD-Mon-YYYY Payment Date DD-Mon-YYYY Interest Period of the Class A-1 Notes (from... to) DD-Mon-YYYY DD-Mon-YYYY Actual/360 Days # Interest Period of the Class ▇-▇, ▇-▇ and A-4 Notes (from... to) DD-Mon-YYYY DD-Mon-YYYY 30/360 Days # ~~Initial Balance Beginning Balance Ending Balance Principal Payment Principal per $1000 Face Amount Note Factor~~ Class A-1 Notes Class A-2 Notes Class A-3 Notes Class A-4 Notes Total Note Balance $ $ $ $ Overcollateralization Total Securitization Value $ $ $ present value of lease payments $ $ $ present value of Base Residual Value $ $ $ ~~Amount Percentage~~ Initial Overcollateralization Amount $ % Target Overcollateralization Amount $ % Current Overcollateralization Amount $ % ~~Interest Rate Interest Payment Interest per $1000 Face Amount Interest & Principal Payment Interest & Principal Payment per $1000 Face Amount~~ Class A-1 Notes % $ $ Class A-2 Notes % $ $ Class A-3 Notes % $ $ Class A-4 Notes % $ $ Lease Payments Received $ Net Sales Proceeds-early terminations (including Defaulted Leases) $ Net Sales Proceeds-scheduled terminations $ Excess wear and tear included in Net Sales Proceeds $ Excess mileage included in Net Sales Proceeds $ Repurchase Payments $ Advances made by the Servicer $ Investment Earnings $ Total Available Funds $ (1) Total Servicing Fee and Nonrecoverable Servicer Advances $ (2) Exchange Note Interest Distributable Amount ([__]__%) $ (3) Exchange Note Principal Distributable Amount $ (4) Any amounts by which the sum payable pursuant to Section 8.03(a)(i) through (vii) of the Indenture (or, if applicable, pursuant to Section ~~5.04(b)(i) through~~ 5.04(b)(i)through (vvii) of the Indenture) exceed the sum of the Exchange Note Interest Distributable Amount and the Exchange Note Principal Distributable Amount $ (5) Remaining Funds Payable $ Total Exchange Note Payments $ Reserve Account Draw Amount $ (1) Total Trustee Fees and any Asset Representations Reviewer fees (max $250,000 p.a.) $ (2) Interest Distributable Amount Class A Notes $ (3) Priority Principal Distribution Amount $ (4) To Reserve Fund to reach the Reserve Fund Required Amount $ (5) Regular Principal Distribution Amount $ (6) Additional Servicing Fee and Transition Costs $ (7) Total Trustee Fees and any Asset Representations Reviewer fees [not previously paid under (1)] $ (8) Excess Collections to Certificateholders $ Amount Due Amount Paid Shortfall Total Servicing Fee Total Trustee Fee Monthly Interest Distributable Amount thereof on Class A-1 Notes thereof on Class A-2 Notes thereof on Class A-3 Notes thereof on Class A-4 Notes Interest Carryover Shortfall Amount thereof on Class A-1 Notes thereof on Class A-2 Notes thereof on Class A-3 Notes thereof on Class A-4 Notes Interest Distributable Amount Class A Notes Priority Principal Distribution Amount Regular Principal Distribution Amount Principal Distribution Amount Reserve Fund Required Amount Reserve Fund Amount - Beginning Balance plus top up Reserve Fund up to the Required Amount plus Net Investment Earnings for the Collection Period minus Net Investment Earnings minus Reserve Fund Draw Amount Reserve Fund Amount - Ending Balance Reserve Fund Deficiency Investment Earnings Net Investment Earnings on the Reserve Fund Net Investment Earnings on the Exchange Note Collection Account Investment Earnings for the Collection Period Cutoff Date Securitization Value Securitization Value beginning of Collection Period Principal portion of lease payments Terminations- Early Terminations- Scheduled Repurchase Payment (excluding interest) Gross Losses Securitization Value end of Collection Period Pool Factor % Weighted Average Securitization Rate Weighted Average Remaining Term (months) Weighted Average Seasoning (months) Aggregate Base Residual Value Cumulative Turn-in Ratio Proportion of base prepayment assumption realized life to date Actual lifetime prepayment speed Delinquency ~~Profile Delinquency~~ Profile* Amount ** Number of Leases Percentage Current 31-60 Days Delinquent 61-90 Days Delinquent 91-120 Days Delinquent Total *A lease is not considered delinquent if the amount past due is less than 10% of the payment due under such lease **Based on the actual Securitization Value of the respective leases" 60+ Delinquent Leases to EOP Aggregate Securitization Value: ~~___~~4.747% Delinquency Trigger Occurred? [Y/N] Securitization Value of Defaulted Leases, Beg of Collection Period ~~466~~ Liquidation Proceeds Recoveries Principal Net Credit Loss / (Gain) Current Collection Period Prior Collection Period Second Prior Collection Period Third Prior Collection Period Four Month Average Securitization Value of Liquidated Leases, Beg of Collection Period Sales Proceeds and Other Payments Received Residual Loss / (Gain) Current Collection Period Prior Collection Period Second Prior Collection Period Third Prior Collection Period Four Month Average [The fair value of the Notes and the Certificates on the Closing Date is summarized as follows: The Depositor must retain a percentage interest in the Certificates with a fair value of at least 5% of the aggregate value of the Notes and Certificates, or $[insert dollar amount equal to 5% of the aggregate value of the Notes and Certificates], according to Regulation RR. The undersigned Servicer hereby certifies to _______ and its officers, directors and Affiliates (collectively, the “Certification Parties”) as follows, with the knowledge and intent that the Certification Parties will rely on this Certification in connection with the certification concerning the Issuer to be signed by an officer of the Servicer pursuant to the ▇▇▇▇▇▇▇▇-▇▇▇▇▇ Act of 2002: 1. I have reviewed: (i) the servicer compliance statement of the Servicer provided in the form specified by Item 1123 of Regulation AB (the “Compliance Statement”); (ii) the report on assessment of the Servicer’s compliance with the servicing criteria set forth in Item 1122(d) of Regulation AB (the “Servicing Criteria”), provided in accordance with Rules 13a-18 and 15d-18 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and Item 1122 of Regulation AB (the “Servicing Assessment”); (iii) the registered public accounting firm’s attestation report provided in the form specified by Rules 13a-18 and 15d-18 under the Exchange Act and Section 1122(b) of Regulation AB (the “Attestation Report”); and (iv) all servicing reports, officer’s certificates and other information relating to the servicing of the 2018-A B Leases and 2018-A B Vehicles by the Servicer during 20___ that were delivered by the Servicer to the Indenture Trustee pursuant to the Agreement (collectively, the “Servicing Information”).

Appears in 2 contracts

Sources: Servicing Supplement (Mercedes-Benz Auto Lease Trust 2018-B), Servicing Supplement (Mercedes-Benz Auto Lease Trust 2018-B)

Model Year. The related ~~2018~~2020-A B Vehicle has a model year between ~~2013~~ 2015 and ~~2017~~ 2020, inclusive. ~~Monthly~~ Mercedes-Benz Auto Lease Trust 2020-B Investor Report Collection Period Ended DD-Mon-YYYY Amounts in USD Collection Period No. # Collection Period (from... to) DD-Mon-YYYY DD-Mon-YYYY Determination Date DD-Mon-YYYY Record Date DD-Mon-YYYY Payment Date DD-Mon-YYYY Interest Period of the Class A-1 Notes (from... to) DD-Mon-YYYY DD-Mon-YYYY Actual/360 Days # Interest Period of the Class ▇-▇, ▇-▇ and A-4 Notes (from... to) DD-Mon-YYYY DD-Mon-YYYY 30/360 Days # ~~Initial Balance Beginning Balance Ending Balance Principal Payment Principal per $1000 Face Amount Note Factor~~ Class A-1 Notes Class A-2 Notes Class A-3 Notes Class A-4 Notes Overcollateralization present value of lease payments $ $ $ present value of Base Residual Value $ $ $ ~~Amount Percentage~~ Initial Overcollateralization Amount $ % Target Overcollateralization Amount $ % Current Overcollateralization Amount $ % ~~Interest Rate Interest Payment Interest per $1000 Face Amount Interest & Principal Payment Interest & Principal Payment per $1000 Face Amount~~ Class A-1 Notes % $ $ Class A-2 Notes % $ $ Class A-3 Notes % $ $ Class A-4 Notes % $ $ Lease Payments Received $ Net Sales Proceeds-early terminations (including Defaulted Leases) $ Net Sales Proceeds-scheduled terminations $ Excess wear and tear included in Net Sales Proceeds $ Excess mileage included in Net Sales Proceeds $ Repurchase Payments $ Advances made by the Servicer $ Investment Earnings $ Total Available Funds $ (1) Total Servicing Fee and Nonrecoverable Servicer Advances $ (2) Exchange Note Interest Distributable Amount ([__]__%) $ (3) Exchange Note Principal Distributable Amount $ (4) Any amounts by which the sum payable pursuant to Section 8.03(a)(i) through (vii) of the Indenture (or, if applicable, pursuant to Section ~~5.04(b)(i) through~~ 5.04(b)(i)through (vvii) of the Indenture) exceed the sum of the Exchange Note Interest Distributable Amount and the Exchange Note Principal Distributable Amount $ (5) Remaining Funds Payable $ Total Exchange Note Payments $ Reserve Account Draw Amount $ (1) Total Trustee Fees and any Asset Representations Reviewer fees (max $250,000 p.a.) $ (2) Interest Distributable Amount Class A Notes $ (3) Priority Principal Distribution Amount $ (4) To Reserve Fund to reach the Reserve Fund Required Amount $ (5) Regular Principal Distribution Amount $ (6) Additional Servicing Fee and Transition Costs $ (7) Total Trustee Fees and any Asset Representations Reviewer fees [not previously paid under (1)] $ (8) Excess Collections to Certificateholders $ Amount Due Amount Paid Shortfall Total Servicing Fee Total Trustee Fee Monthly Interest Distributable Amount thereof on Class A-1 Notes thereof on Class A-2 Notes thereof on Class A-3 Notes thereof on Class A-4 Notes Interest Carryover Shortfall Amount thereof on Class A-1 Notes thereof on Class A-2 Notes thereof on Class A-3 Notes thereof on Class A-4 Notes Interest Distributable Amount Class A Notes Priority Principal Distribution Amount Regular Principal Distribution Amount Principal Distribution Amount Reserve Fund Required Amount Reserve Fund Amount - Beginning Balance plus top up Reserve Fund up to the Required Amount plus Net Investment Earnings for the Collection Period minus Net Investment Earnings minus Reserve Fund Draw Amount Reserve Fund Amount - Ending Balance Reserve Fund Deficiency Investment Earnings Net Investment Earnings on the Reserve Fund Net Investment Earnings on the Exchange Note Collection Account Investment Earnings for the Collection Period Cutoff Date Securitization Value Securitization Value beginning of Collection Period Principal portion of lease payments Terminations- Early Terminations- Scheduled Repurchase Payment (excluding interest) Gross Losses Securitization Value end of Collection Period Pool Factor % Weighted Average Securitization Rate Weighted Average Remaining Term (months) Weighted Average Seasoning (months) Aggregate Base Residual Value Cumulative Turn-in Ratio Proportion of base prepayment assumption realized life to date Actual lifetime prepayment speed Delinquency ~~Profile Delinquency~~ Profile* Amount ** Number of Leases Percentage Current 31-60 Days Delinquent 61-90 Days Delinquent 91-120 Days Delinquent Total *A lease is not considered delinquent if the amount past due is less than 10% of the payment due under such lease **Based on the actual Securitization Value of the respective leases" ” 60+ Delinquent Leases to EOP Aggregate Securitization Value: ~~___~~4.747% Delinquency Trigger Occurred? [Y/N] Securitization Value of Defaulted Leases, Beg of Collection Period ~~466~~ Liquidation Proceeds Recoveries Principal Net Credit Loss / (Gain) Current Collection Period Prior Collection Period Second Prior Collection Period Third Prior Collection Period Four Month Average Securitization Value of Liquidated Leases, Beg of Collection Period Sales Proceeds and Other Payments Received Residual Loss / (Gain) Current Collection Period Prior Collection Period Second Prior Collection Period Third Prior Collection Period Four Month Average [The fair value of the Notes and the Certificates on the Closing Date is summarized as follows: The Depositor must retain a percentage interest in the Certificates with a fair value of at least 5% of the aggregate value of the Notes and Certificates, or $[insert dollar amount equal to 5% of the aggregate value of the Notes and Certificates], according to Regulation RR. The undersigned Servicer hereby certifies to _______ and its officers, directors and Affiliates (collectively, the “Certification Parties”) as follows, with the knowledge and intent that the Certification Parties will rely on this Certification in connection with the certification concerning the Issuer to be signed by an officer of the Servicer pursuant to the ▇▇▇▇▇▇▇▇-▇▇▇▇▇ Act of 2002: 1. I have reviewed: (i) the servicer compliance statement of the Servicer provided in the form specified by Item 1123 of Regulation AB (the “Compliance Statement”); (ii) the report on assessment of the Servicer’s compliance with the servicing criteria set forth in Item 1122(d) of Regulation AB (the “Servicing Criteria”), provided in accordance with Rules 13a-18 and 15d-18 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and Item 1122 of Regulation AB (the “Servicing Assessment”); (iii) the registered public accounting firm’s attestation report provided in the form specified by Rules 13a-18 and 15d-18 under the Exchange Act and Section 1122(b) of Regulation AB (the “Attestation Report”); and (iv) all servicing reports, officer’s certificates and other information relating to the servicing of the ~~2018~~2020-A B Leases and ~~2018~~2020-A B Vehicles by the Servicer during 20___ that were delivered by the Servicer to the Indenture Trustee pursuant to the Agreement (collectively, the “Servicing Information”). 2. Based on my knowledge, the Servicing Information, taken as a whole, does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in the light of the circumstances under which such statements were made, not misleading with respect to the period of time covered by the Servicing Information. 3. Based on my knowledge, all of the Servicing Information required to be provided by the Servicer under the Agreement has been provided to the Indenture Trustee. 4. I am responsible for reviewing the activities performed by Mercedes-Benz Financial Services USA LLC, as Servicer (the “Servicer”) under the 2020-B Servicing Supplement, dated as of September 1, 2020 (the “Agreement”), among Mercedes Benz Financial Services USA LLC, as the lender (in such capacity, the “Lender”) and as servicer (in such capacity, the “Servicer”), Daimler Trust (the “Titling Trust”) and Daimler Title Co., as collateral agent (the “Collateral Agent”), and based on my knowledge and the compliance review conducted in preparing the Compliance Statement and except as disclosed in the Compliance Statement, the Servicing Assessment or the Attestation Report, the Servicer has fulfilled its obligations under the Agreement in all material respects. 5. The Compliance Statement required to be delivered by the Servicer pursuant to the Agreement, and the Servicing Assessment and Attestation Report required to be provided by the Servicer pursuant to the Agreement, have been provided to the Indenture Trustee. Any material instances of noncompliance described in such reports have been disclosed to the Transferor. Any material instance of noncompliance with the Servicing Criteria has been disclosed in such reports. Capitalized terms not otherwise defined herein have the meanings ascribed thereto in the Agreement. MERCEDES-BENZ FINANCIAL SERVICES USA LLC By: Name: Title: The assessment of compliance to be delivered by the Servicer, shall address, at a minimum, the criteria identified as below as “Applicable Servicing Criteria”: 1122(d)(1)(i) Policies and procedures are instituted to monitor any performance or other triggers and events of default in accordance with the transaction agreements. Servicer 1122(d)(1)(ii) If any material servicing activities are outsourced to third parties, policies and procedures are instituted to monitor the third party’s performance and compliance with such servicing activities. Servicer 1122(d)(1)(iii) Any requirements in the transaction agreements to maintain a back-up servicer for the pool assets are maintained. N/A 1122(d)(1)(iv) A fidelity bond and errors and omissions policy is in effect on the party participating in the servicing function throughout the reporting period in the amount of coverage required by and otherwise in accordance with the terms of the transaction agreements. 1122(d)(1)(v) Aggregation of information, as applicable, is mathematically accurate and the information conveyed accurately reflects the information. Servicer 1122(d)(2)(i) Payments on pool assets are deposited into the appropriate custodial bank accounts and related bank clearing accounts no more than two business days following receipt, or such other number of days specified in the transaction agreements. Servicer 1122(d)(2)(ii) Disbursements made via wire transfer on behalf of an obligor or to an investor are made only by authorized personnel. N/A for obligor disbursements Servicer 1122(d)(2)(iii) Advances of funds or guarantees regarding collections, cash flows or distributions, and any interest or other fees charged for such advances, are made, reviewed and approved as specified in the transaction agreements. Servicer 1122(d)(2)(iv) The related accounts for the transaction, such as cash reserve accounts or accounts established as a form of overcollateralization, are separately maintained (e.g., with respect to commingling of cash) as set forth in the transaction agreements. Servicer 1122(d)(2)(v) Each custodial account is maintained at a federally insured depository institution as set forth in the transaction agreements. For purposes of this criterion, “federally insured depository institution” with respect to a foreign financial institution means a foreign financial institution that meets the requirements of Rule 13k-1(b)(1) of the Securities Exchange Act. Indenture Trustee 1122(d)(2)(vi) Unissued checks are safeguarded so as to prevent unauthorized access. N/A 1122(d)(2)(vii) Reconciliations are prepared on a monthly basis for all asset-backed securities related bank accounts, including custodial accounts and related bank clearing accounts. These reconciliations are (A) mathematically accurate; (B) prepared within 30 calendar days after the bank statement cutoff date, or such other number of days specified in the transaction agreements; (C) reviewed and approved by someone other than the person who prepared the reconciliation; and (D) contain explanations for reconciling items. These reconciling items are resolved within 90 calendar days of their original identification, or such other number of days specified in the transaction agreements. Servicer Indenture Trustee 1122(d)(3)(i) Reports to investors, including those to be filed with the Commission, are maintained in accordance with the transaction agreements and applicable Commission requirements. Specifically, such reports (A) are prepared in accordance with timeframes and other terms set forth in the transaction agreements; (B) provide information calculated in accordance with the terms specified in the transaction agreements; (C) are filed with the Commission as required by its rules and regulations; and (D) agree with investors’ or the trustee’s records as to the total unpaid principal balance and number of pool assets serviced by the Servicer. Servicer 1122(d)(3)(ii) Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other terms set forth in the transaction agreements. Servicer Indenture Trustee 1122(d)(3)(iii) Disbursements made to an investor are posted within two business days to the Servicer’s investor records, or such other number of days specified in the transaction agreements. Servicer Indenture Trustee 1122(d)(3)(iv) Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank statements. Servicer Indenture Trustee 1122(d)(4)(i) Collateral or security on pool assets is maintained as required by the transaction agreements or related pool asset documents. Servicer 1122(d)(4)(ii) Pool assets and related documents are safeguarded as required by the transaction agreements Servicer 1122(d)(4)(iii) Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any conditions or requirements in the transaction agreements. Servicer 1122(d)(4)(iv) Payments on pool assets, including any payoffs, made in accordance with the related pool assets documents are posted to the Servicer’s obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related pool asset documents. Servicer 1122(d)(4)(v) The Servicer’s records regarding the pool assets agree with the Servicer’s records with respect to an obligor’s unpaid principal balance. Servicer 1122(d)(4)(vi) Changes with respect to the terms or status of an obligor’s pool assets (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with usual customary procedures. Servicer 1122(d)(4)(vii) Loss mitigation or recovery actions (e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with usual customary procedures. Servicer 1122(d)(4)(viii) Records documenting collection efforts are maintained during the period a pool asset is delinquent in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity’s activities in monitoring delinquent pool assets including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness or unemployment). Servicer 1122(d)(4)(ix) Adjustments to interest rates or rates of return for pool assets with variable rates are computed based on the related pool asset documents. N/A 1122(d)(4)(x) Regarding any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the obligor’s pool asset documents, on at least an annual basis, or such other period specified in the transaction agreements; (B) interest on such funds is paid, or credited, to obligors in accordance with applicable pool asset documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the related pool assets, or such other number of days specified in the transaction agreements. N/A 1122(d)(4)(xi) Payments made on behalf of an obligor (such as tax or insurance payments) are made on or before the related penalty or expiration dates, as indicated on the appropriate bills or notices for such payments, provided that such support has been received by the servicer at least 30 calendar days prior to these dates, or such other number of days specified in the transaction agreements. N/A 1122(d)(4)(xii) Any late payment penalties in connection with any payment to be made on behalf of an obligor are paid f

Appears in 2 contracts

Sources: Servicing Supplement (Mercedes-Benz Auto Lease Trust 2020-B), Servicing Supplement (Mercedes-Benz Auto Lease Trust 2020-B)

Model Year. The related ~~2018~~2025-A B Vehicle has a model year between ~~2013~~ 2021 and ~~2017~~ 2025, inclusive. ~~Monthly~~ Mercedes-Benz Auto Lease Trust 2025-B Investor Report Collection Period Ended DD-Mon-YYYY Amounts in USD Collection Period No. # Collection Period (from... to) DD-Mon-YYYY DD-Mon-YYYY Determination Date DD-Mon-YYYY Record Date DD-Mon-YYYY Payment Date DD-Mon-YYYY Interest Period of the Class ~~A-1 Notes (from... to) DD-Mon-YYYY DD-Mon-YYYY Actual/360 Days # Interest Period of the Class ▇-▇~~A-2A, ~~▇-▇~~ A-2B, A-3 and A-4 Notes (from... to) DD-Mon-YYYY DD-Mon-YYYY 30/360 ~~Days~~ Actual/360 # ~~Initial Balance Beginning Balance Ending Balance Principal Payment Principal per $1000 Face Amount Note Factor~~ Class A-1 Notes Class ~~A-2~~ A-2A Notes Class A-2B Notes Class A-3 Notes Class A-4 Notes Total Note Balance $ $ $ $ Overcollateralization Total Securitization Value $ $ $ present value of lease payments $ $ $ present value of Base Residual Value $ $ $ Amount Percentage Initial Overcollateralization Amount $ % Target Overcollateralization Amount $ % Current Overcollateralization Amount $ % ~~Interest Rate Interest Payment Interest per $1000 Face Amount Interest & Principal Payment Interest & Principal Payment per $1000 Face Amount~~ Class A-1 Notes 0.00 % $ $ Class A-2A Notes % $ $ Class ~~A-2~~ A-2B Notes % $ $ Class A-3 Notes % $ $ Class A-4 Notes % $ $ Total $ $ Total $ $ Lease Payments Received $ Net Sales Proceeds-early terminations (including Defaulted Leases) $ Net Sales Proceeds-scheduled terminations $ Excess wear and tear included in Net Sales Proceeds $ Excess mileage included in Net Sales Proceeds $ Repurchase Payments $ Advances made by the Servicer $ Investment Earnings $ Total Available Funds $ (1) Total Servicing Fee and Nonrecoverable Servicer Advances $ (2) Exchange Note Interest Distributable Amount ([__]__%) $ (3) Exchange Note Principal Distributable Amount $ (4) Any amounts by which the sum payable pursuant to Section 8.03(a)(i) through (vii) of the Indenture (or, if applicable, pursuant to Section ~~5.04(b)(i) through~~ 5.04(b)(i)through (vvii) of the Indenture) exceed the sum of the Exchange Note Interest Distributable Amount and the Exchange Note Principal Distributable Amount $ (5) Remaining Funds Payable $ Total Exchange Note Payments $ Reserve Account Draw Amount $ (1) Total Trustee Fees and any Asset Representations Reviewer fees (max $250,000 p.a.) $ (2) Interest Distributable Amount Class A A-2A, Class A-2B, Class A-3 and Class A-4 Notes $ (3) Priority Principal Distribution Amount $ (4) To Reserve Fund to reach the Reserve Fund Required Amount $ (5) Regular Principal Distribution Amount $ (6) Additional Servicing Fee and Transition Costs $ (7) Total Trustee Fees and any Asset Representations Reviewer fees [not previously paid under (1)] $ (8) Excess Collections to Certificateholders $ Amount Due Amount Paid Shortfall Total Servicing Fee Total Trustee Fee Monthly Interest Distributable Amount thereof on Class ~~A-1~~ A-2A Notes thereof on Class ~~A-2~~ A-2B Notes thereof on Class A-3 Notes thereof on Class A-4 Notes Interest Carryover Shortfall Amount thereof on Class ~~A-1~~ A-2A Notes thereof on Class ~~A-2~~ A-2B Notes thereof on Class A-3 Notes thereof on Class A-4 Notes Interest Distributable Amount Class A Notes Priority Principal Distribution Amount Regular Principal Distribution Amount Principal Distribution Amount Reserve Fund Required Amount Reserve Fund Amount - Beginning Balance plus top up Reserve Fund up to the Required Amount plus Net Investment Earnings for the Collection Period minus Net Investment Earnings minus Reserve Fund Draw Amount Reserve Fund Amount - Ending Balance Reserve Fund Deficiency Investment Earnings Net Investment Earnings on the Reserve Fund Net Investment Earnings on the Exchange Note Collection Account Investment Earnings for the Collection Period Cutoff Date Securitization Value Securitization Value beginning of Collection Period Principal portion of lease payments Terminations- Early Terminations- Scheduled Repurchase Payment (excluding interest) Gross Losses Securitization Value end of Collection Period Pool Factor % Weighted Average Securitization Rate Weighted Average Remaining Term (months) Weighted Average Seasoning (months) Aggregate Base Residual Value Cumulative Turn-in Ratio Proportion of base prepayment assumption realized life to date Actual lifetime prepayment speed Delinquency ~~Profile Delinquency~~ Profile* Amount ** Number of Leases Percentage Current 31-60 Days Delinquent 61-90 Days Delinquent 91-120 Days Delinquent Total *A lease is not considered delinquent if the amount past due is less than 10% of the payment due under such lease **Based on the actual Securitization Value of the respective “leases" 60+ Delinquent Leases to EOP Aggregate Securitization Value: ____% Delinquency Trigger Occurred? [Y/N] Securitization Value of Defaulted Leases, Beg of Collection Period ~~466~~ Liquidation Proceeds Recoveries Principal Net Credit Loss / (Gain) Current Collection Period Prior Collection Period Second Prior Collection Period Third Prior Collection Period Four Month Average Securitization Value of Liquidated Leases, Beg of Collection Period Sales Proceeds and Other Payments Received Residual Loss / (Gain) Current Collection Period Prior Collection Period Second Prior Collection Period Third Prior Collection Period Four Month Average [The fair value of the Notes and the Certificates on the Closing Date is summarized as follows: The Depositor must retain a percentage interest in the Certificates with a fair value of at least 5% of the aggregate value of the Notes and Certificates, or $[insert dollar amount equal to 5% of the aggregate value of the Notes and Certificates], according to Regulation RR. The undersigned Servicer hereby certifies to _______ and its officers, directors and Affiliates (collectively, the “Certification Parties”) as follows, with the knowledge and intent that the Certification Parties will rely on this Certification in connection with the certification concerning the Issuer to be signed by an officer of the Servicer pursuant to the ▇▇▇▇▇▇▇▇-▇▇▇▇▇ Act of 2002: 1. I have reviewed: (i) the servicer compliance statement of the Servicer provided in the form specified by Item 1123 of Regulation AB (the “Compliance Statement”); (ii) the report on assessment of the Servicer’s compliance with the servicing criteria set forth in Item 1122(d) of Regulation AB (the “Servicing Criteria”), provided in accordance with Rules 13a-18 and 15d-18 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and Item 1122 of Regulation AB (the “Servicing Assessment”); (iii) the registered public accounting firm’s attestation report provided in the form specified by Rules 13a-18 and 15d-18 under the Exchange Act and Section 1122(b) of Regulation AB (the “Attestation Report”); and (iv) all servicing reports, officer’s certificates and other information relating to the servicing of the ~~2018~~2025-A B Leases and ~~2018~~2025-A B Vehicles by the Servicer during 20___ that were delivered by the Servicer to the Indenture Trustee pursuant to the Agreement (collectively, the “Servicing Information”). 2. Based on my knowledge, the Servicing Information, taken as a whole, does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in the light of the circumstances under which such statements were made, not misleading with respect to the period of time covered by the Servicing Information. 3. Based on my knowledge, all of the Servicing Information required to be provided by the Servicer under the Agreement has been provided to the Indenture Trustee. 4. I am responsible for reviewing the activities performed by Mercedes-Benz Financial Services USA LLC, as Servicer (the “Servicer”) under the 2025-B Servicing Supplement, dated as of October 1, 2025 (the “Agreement”), among Mercedes Benz Financial Services USA LLC, as the lender (in such capacity, the “Lender”) and as servicer (in such capacity, the “Servicer”), Mercedes-Benz Vehicle Trust (the “Titling Trust”) and Collateral Title Co., as collateral agent (the “Collateral Agent”), and based on my knowledge and the compliance review conducted in preparing the Compliance Statement and except as disclosed in the Compliance Statement, the Servicing Assessment or the Attestation Report, the Servicer has fulfilled its obligations under the Agreement in all material respects. 5. The Compliance Statement required to be delivered by the Servicer pursuant to the Agreement, and the Servicing Assessment and Attestation Report required to be provided by the Servicer pursuant to the Agreement, have been provided to the Indenture Trustee. Any material instances of noncompliance described in such reports have been disclosed to the Transferor. Any material instance of noncompliance with the Servicing Criteria has been disclosed in such reports. Capitalized terms not otherwise defined herein have the meanings ascribed thereto in the Agreement. MERCEDES-BENZ FINANCIAL SERVICES USA LLC By: Name: Title: The assessment of compliance to be delivered by the Servicer, shall address, at a minimum, the criteria identified as below as “Applicable Servicing Criteria”: 1122(d)(1)(i) Policies and procedures are instituted to monitor any performance or other triggers and events of default in accordance with the transaction agreements. Servicer 1122(d)(1)(ii) If any material servicing activities are outsourced to third parties, policies and procedures are instituted to monitor the third party’s performance and compliance with such servicing activities. Servicer 1122(d)(1)(iii) Any requirements in the transaction agreements to maintain a back-up servicer for the pool assets are maintained. N/A 1122(d)(1)(iv) A fidelity bond and errors and omissions policy is in effect on the party participating in the servicing function throughout the reporting period in the amount of coverage required by and otherwise in accordance with the terms of the transaction agreements. N/A 1122(d)(1)(v) Aggregation of information, as applicable, is mathematically accurate and the information conveyed accurately reflects the information. Servicer 1122(d)(2)(i) Payments on pool assets are deposited into the appropriate custodial bank accounts and related bank clearing accounts no more than two business days following receipt, or such other number of days specified in the transaction agreements. Servicer 1122(d)(2)(ii) Disbursements made via wire transfer on behalf of an obligor or to an investor are made only by authorized personnel. N/A for obligor disbursements Servicer 1122(d)(2)(iii) Advances of funds or guarantees regarding collections, cash flows or distributions, and any interest or other fees charged for such advances, are made, reviewed and approved as specified in the transaction agreements. Servicer 1122(d)(2)(iv) The related accounts for the transaction, such as cash reserve accounts or accounts established as a form of overcollateralization, are separately maintained (e.g., with respect to commingling of cash) as set forth in the transaction agreements. Servicer Reference Criteria Applicable Servicing Criteria Responsible Party 1122(d)(2)(v) Each custodial account is maintained at a federally insured depository institution as set forth in the transaction agreements. For purposes of this criterion, “federally insured depository institution” with respect to a foreign financial institution means a foreign financial institution that meets the requirements of Rule 13k-1(b)(1) of the Securities Exchange Act. Indenture Trustee 1122(d)(2)(vi) Unissued checks are safeguarded so as to prevent unauthorized access. N/A 1122(d)(2)(vii) Reconciliations are prepared on a monthly basis for all asset-backed securities related bank accounts, including custodial accounts and related bank clearing accounts. These reconciliations are (A) mathematically accurate; (B) prepared within 30 calendar days after the bank statement cutoff date, or such other number of days specified in the transaction agreements; (C) reviewed and approved by someone other than the person who prepared the reconciliation; and (D) contain explanations for reconciling items. These reconciling items are resolved within 90 calendar days of their original identification, or such other number of days specified in the transaction agreements. Servicer Indenture Trustee 1122(d)(3)(i) Reports to investors, including those to be filed with the Commission, are maintained in accordance with the transaction agreements and applicable Commission requirements. Specifically, such reports (A) are prepared in accordance with timeframes and other terms set forth in the transaction agreements; (B) provide information calculated in accordance with the terms specified in the transaction agreements; (C) are filed with the Commission as required by its rules and regulations; and (D) agree with investors’ or the trustee’s records as to the total unpaid principal balance and number of pool assets serviced by the Servicer. Servicer 1122(d)(3)(ii) Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other terms set forth in the transaction agreements. Servicer Indenture Trustee 1122(d)(3)(iii) Disbursements made to an investor are posted within two business days to the Servicer’s investor records, or such other number of days specified in the transaction agreements. Servicer Indenture Trustee 1122(d)(3)(iv) Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank statements. Servicer Indenture Trustee Reference Criteria Applicable Servicing Criteria Responsible Party 1122(d)(4)(i) Collateral or security on pool assets is maintained as required by the transaction agreements or related pool asset documents. Servicer 1122(d)(4)(ii) Pool assets and related documents are safeguarded as required by the transaction agreements Servicer 1122(d)(4)(iii) Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any conditions or requirements in the transaction agreements. Servicer 1122(d)(4)(iv) Payments on pool assets, including any payoffs, made in accordance with the related pool assets documents are posted to the Servicer’s obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related pool asset documents. Servicer 1122(d)(4)(v) The Servicer’s records regarding the pool assets agree with the Servicer’s records with respect to an obligor’s unpaid principal balance. Servicer 1122(d)(4)(vi) Changes with respect to the terms or status of an obligor's pool assets (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with usual customary procedures. Servicer 1122(d)(4)(vii) Loss mitigation or recovery actions (e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with usual customary procedures. Servicer 1122(d)(4)(viii) Records documenting collection efforts are maintained during the period a pool asset is delinquent in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity’s activities in monitoring delinquent pool assets including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness or unemployment). Servicer 1122(d)(4)(ix) Adjustments to interest rates or rates of return for pool assets with variable rates are computed based on the related pool asset documents. N/A Reference Criteria Applicable Servicing Criteria Responsible Party 1122(d)(4)(x) Regarding any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the obligor’s pool asset documents, on at least an annual basis, or such other period specified in the transaction agreements; (B) interest on such funds is paid, or credited, to obligors in accordance with applicable pool asset documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the related pool assets, or such other number of days specified in the transaction agreements. N/A 1122(d)(4)(xi) Payments made on behalf of an obligor (such as tax or insurance payments) are made on or before the related penalty or expiration dates, as indicated on the appropriate bills or n

Appears in 2 contracts

Sources: Servicing Supplement (Mercedes-Benz Auto Lease Trust 2025-B), Servicing Supplement (Mercedes-Benz Auto Lease Trust 2025-B)

Model Year. The related ~~2018~~2024-A Vehicle has a model year between ~~2013~~ 2020 and ~~2017~~ 2024, inclusive. ~~Monthly~~ Mercedes-Benz Auto Lease Trust 2024-A Investor Report Collection Period Ended DD-Mon-YYYY Amounts in USD Collection Period No. # Collection Period (from... to) DD-Mon-YYYY DD-Mon-YYYY Determination Date DD-Mon-YYYY Record Date DD-Mon-YYYY Payment Date DD-Mon-YYYY Interest Period of the Class ~~A-1 Notes (from... to) DD-Mon-YYYY DD-Mon-YYYY Actual/360 Days # Interest Period of the Class ▇-▇~~A-2A, ~~▇-▇~~ A-2B, A-3 and A-4 Notes (from... to) DD-Mon-YYYY DD-Mon-YYYY 30/360 ~~Days~~ Actual/360 # ~~Initial Balance Beginning Balance Ending Balance Principal Payment Principal per $1000 Face Amount Note Factor~~ Class A-1 Notes Class ~~A-2~~ A-2A Notes Class A-2B Notes Class A-3 Notes Class A-4 Notes Overcollateralization present value of lease payments $ $ $ present value of Base Residual Value $ $ $ Amount Percentage Initial Overcollateralization Amount $ % Target Overcollateralization Amount $ % Current Overcollateralization Amount $ % ~~Interest Rate Interest Payment Interest per $1000 Face Amount Interest & Principal Payment Interest & Principal Payment per $1000 Face Amount~~ Class A-1 Notes 0.00% $ $ Class A-2A Notes % $ $ Class ~~A-2~~ A-2B Notes % $ $ Class A-3 Notes % $ $ Class A-4 Notes % $ $ Lease Payments Received $ Net Sales Proceeds-early terminations (including Defaulted Leases) $ Net Sales Proceeds-scheduled terminations $ Excess wear and tear included in Net Sales Proceeds $ Excess mileage included in Net Sales Proceeds $ Repurchase Payments $ Advances made by the Servicer $ Investment Earnings $ Total Available Funds $ (1) Total Servicing Fee and Nonrecoverable Servicer Advances $ (2) Exchange Note Interest Distributable Amount ([__]__%) $ (3) Exchange Note Principal Distributable Amount $ (4) Any amounts by which the sum payable pursuant to Section 8.03(a)(i) through (vii) of the Indenture (or, if applicable, pursuant to Section ~~5.04(b)(i) through~~ 5.04(b)(i)through (vvii) of the Indenture) exceed the sum of the Exchange Note Interest Distributable Amount and the Exchange Note Principal Distributable Amount $ (5) Remaining Funds Payable $ Total Exchange Note Payments $ Reserve Account Draw Amount $ (1) Total Trustee Fees and any Asset Representations Reviewer fees (max $250,000 p.a.) $ (2) Interest Distributable Amount Class A A-2A, Class A-2B, Class A-3 and Class A-4 Notes $ (3) Priority Principal Distribution Amount $ (4) To Reserve Fund to reach the Reserve Fund Required Amount $ $ (5) Regular Principal Distribution Amount $ (6) Additional Servicing Fee and Transition Costs $ (7) Total Trustee Fees and any Asset Representations Reviewer fees [not previously paid under (1)] $ (8) Excess Collections to Certificateholders $ Amount Due Amount Paid Shortfall Total Servicing Fee Total Trustee Fee Monthly Interest Distributable Amount thereof on Class ~~A-1~~ A-2A Notes thereof on Class ~~A-2~~ A-2B Notes thereof on Class A-3 Notes thereof on Class A-4 Notes Interest Carryover Shortfall Amount thereof on Class ~~A-1~~ A-2A Notes thereof on Class ~~A-2~~ A-2B Notes thereof on Class A-3 Notes thereof on Class A-4 Notes Interest Distributable Amount Class A Notes Priority Principal Distribution Amount Regular Principal Distribution Amount Principal Distribution Amount Reserve Fund Required Amount Reserve Fund Amount - Beginning Balance plus top up Reserve Fund up to the Required Amount plus Net Investment Earnings for the Collection Period minus Net Investment Earnings minus Reserve Fund Draw Amount Reserve Fund Amount - Ending Balance Reserve Fund Deficiency Investment Earnings Net Investment Earnings on the Reserve Fund Net Investment Earnings on the Exchange Note Collection Account Investment Earnings for the Collection Period Cutoff Date Securitization Value Securitization Value beginning of Collection Period Principal portion of lease payments Terminations- Early Terminations- Scheduled Repurchase Payment (excluding interest) Gross Losses Securitization Value end of Collection Period Pool Factor % Weighted Average Securitization Rate Weighted Average Remaining Term (months) Weighted Average Seasoning (months) Aggregate Base Residual Value Cumulative Turn-in Ratio Proportion of base prepayment assumption realized life to date Actual lifetime prepayment speed Delinquency ~~Profile Delinquency~~ Profile* Amount ** Number of Leases Percentage Current 31-60 Days Delinquent 61-90 Days Delinquent 91-120 Days Delinquent Total *A lease is not considered delinquent if the amount past due is less than 10% of the payment due under such lease **Based on the actual Securitization Value of the respective “leases" 60+ Delinquent Leases to EOP Aggregate Securitization Value: ~~___~~5.147% Delinquency Trigger Occurred? [Y/N] Securitization Value of Defaulted Leases, Beg of Collection Period ~~466~~ Liquidation Proceeds Recoveries Principal Net Credit Loss / (Gain) Current Collection Period Prior Collection Period Second Prior Collection Period Third Prior Collection Period Four Month Average Securitization Value of Liquidated Leases, Beg of Collection Period Sales Proceeds and Other Payments Received Residual Loss / (Gain) Current Collection Period Prior Collection Period Second Prior Collection Period Third Prior Collection Period Four Month Average [The fair value of the Notes and the Certificates on the Closing Date is summarized as follows: The Depositor must retain a percentage interest in the Certificates with a fair value of at least 5% of the aggregate value of the Notes and Certificates, or $[insert dollar amount equal to 5% of the aggregate value of the Notes and Certificates], according to Regulation RR. The undersigned Servicer hereby certifies to _______ and its officers, directors and Affiliates (collectively, the “Certification Parties”) as follows, with the knowledge and intent that the Certification Parties will rely on this Certification in connection with the certification concerning the Issuer to be signed by an officer of the Servicer pursuant to the ▇▇▇▇▇▇▇▇-▇▇▇▇▇ Act of 2002: 1. I have reviewed: (i) the servicer compliance statement of the Servicer provided in the form specified by Item 1123 of Regulation AB (the “Compliance Statement”); (ii) the report on assessment of the Servicer’s compliance with the servicing criteria set forth in Item 1122(d) of Regulation AB (the “Servicing Criteria”), provided in accordance with Rules 13a-18 and 15d-18 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and Item 1122 of Regulation AB (the “Servicing Assessment”); (iii) the registered public accounting firm’s attestation report provided in the form specified by Rules 13a-18 and 15d-18 under the Exchange Act and Section 1122(b) of Regulation AB (the “Attestation Report”); and (iv) all servicing reports, officer’s certificates and other information relating to the servicing of the ~~2018~~2024-A Leases and ~~2018~~2024-A Vehicles by the Servicer during 20___ that were delivered by the Servicer to the Indenture Trustee pursuant to the Agreement (collectively, the “Servicing Information”). 2. Based on my knowledge, the Servicing Information, taken as a whole, does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in the light of the circumstances under which such statements were made, not misleading with respect to the period of time covered by the Servicing Information. 3. Based on my knowledge, all of the Servicing Information required to be provided by the Servicer under the Agreement has been provided to the Indenture Trustee. 4. I am responsible for reviewing the activities performed by Mercedes-Benz Financial Services USA LLC, as Servicer (the “Servicer”) under the 2024-A Servicing Supplement, dated as of May 1, 2024 (the “Agreement”), among Mercedes Benz Financial Services USA LLC, as the lender (in such capacity, the “Lender”) and as servicer (in such capacity, the “Servicer”), Mercedes-Benz Vehicle Trust (the “Titling Trust”) and Collateral Title Co., as collateral agent (the “Collateral Agent”), and based on my knowledge and the compliance review conducted in preparing the Compliance Statement and except as disclosed in the Compliance Statement, the Servicing Assessment or the Attestation Report, the Servicer has fulfilled its obligations under the Agreement in all material respects. 5. The Compliance Statement required to be delivered by the Servicer pursuant to the Agreement, and the Servicing Assessment and Attestation Report required to be provided by the Servicer pursuant to the Agreement, have been provided to the Indenture Trustee. Any material instances of noncompliance described in such reports have been disclosed to the Transferor. Any material instance of noncompliance with the Servicing Criteria has been disclosed in such reports. Capitalized terms not otherwise defined herein have the meanings ascribed thereto in the Agreement. MERCEDES-BENZ FINANCIAL SERVICES USA LLC By: Name: Title: The assessment of compliance to be delivered by the Servicer, shall address, at a minimum, the criteria identified as below as “Applicable Servicing Criteria”: 1122(d)(1)(i) Policies and procedures are instituted to monitor any performance or other triggers and events of default in accordance with the transaction agreements. Servicer 1122(d)(1)(ii) If any material servicing activities are outsourced to third parties, policies and procedures are instituted to monitor the third party’s performance and compliance with such servicing activities. Servicer 1122(d)(1)(iii) Any requirements in the transaction agreements to maintain a back-up servicer for the pool assets are maintained. N/A 1122(d)(1)(iv) A fidelity bond and errors and omissions policy is in effect on the party participating in the servicing function throughout the reporting period in the amount of coverage required by and otherwise in accordance with the terms of the transaction agreements. N/A 1122(d)(1)(v) Aggregation of information, as applicable, is mathematically accurate and the information conveyed accurately reflects the information. Servicer 1122(d)(2)(i) Payments on pool assets are deposited into the appropriate custodial bank accounts and related bank clearing accounts no more than two business days following receipt, or such other number of days specified in the transaction agreements. Servicer 1122(d)(2)(ii) Disbursements made via wire transfer on behalf of an obligor or to an investor are made only by authorized personnel. N/A for obligor disbursements Servicer 1122(d)(2)(iii) Advances of funds or guarantees regarding collections, cash flows or distributions, and any interest or other fees charged for such advances, are made, reviewed and approved as specified in the transaction agreements. Servicer 1122(d)(2)(iv) The related accounts for the transaction, such as cash reserve accounts or accounts established as a form of overcollateralization, are separately maintained (e.g., with respect to commingling of cash) as set forth in the transaction agreements. Servicer Reference Criteria Applicable Servicing Criteria Responsible Party 1122(d)(2)(v) Each custodial account is maintained at a federally insured depository institution as set forth in the transaction agreements. For purposes of this criterion, “federally insured depository institution” with respect to a foreign financial institution means a foreign financial institution that meets the requirements of Rule 13k-1(b)(1) of the Securities Exchange Act. Indenture Trustee 1122(d)(2)(vi) Unissued checks are safeguarded so as to prevent unauthorized access. N/A 1122(d)(2)(vii) Reconciliations are prepared on a monthly basis for all asset-backed securities related bank accounts, including custodial accounts and related bank clearing accounts. These reconciliations are (A) mathematically accurate; (B) prepared within 30 calendar days after the bank statement cutoff date, or such other number of days specified in the transaction agreements; (C) reviewed and approved by someone other than the person who prepared the reconciliation; and (D) contain explanations for reconciling items. These reconciling items are resolved within 90 calendar days of their original identification, or such other number of days specified in the transaction agreements. Servicer Indenture Trustee 1122(d)(3)(i) Reports to investors, including those to be filed with the Commission, are maintained in accordance with the transaction agreements and applicable Commission requirements. Specifically, such reports (A) are prepared in accordance with timeframes and other terms set forth in the transaction agreements; (B) provide information calculated in accordance with the terms specified in the transaction agreements; (C) are filed with the Commission as required by its rules and regulations; and (D) agree with investors’ or the trustee’s records as to the total unpaid principal balance and number of pool assets serviced by the Servicer. Servicer 1122(d)(3)(ii) Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other terms set forth in the transaction agreements. Servicer Indenture Trustee 1122(d)(3)(iii) Disbursements made to an investor are posted within two business days to the Servicer’s investor records, or such other number of days specified in the transaction agreements. Servicer Indenture Trustee 1122(d)(3)(iv) Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank statements. Servicer Indenture Trustee Reference Criteria Applicable Servicing Criteria Responsible Party 1122(d)(4)(i) Collateral or security on pool assets is maintained as required by the transaction agreements or related pool asset documents. Servicer 1122(d)(4)(ii) Pool assets and related documents are safeguarded as required by the transaction agreements Servicer 1122(d)(4)(iii) Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any conditions or requirements in the transaction agreements. Servicer 1122(d)(4)(iv) Payments on pool assets, including any payoffs, made in accordance with the related pool assets documents are posted to the Servicer’s obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related pool asset documents. Servicer 1122(d)(4)(v) The Servicer’s records regarding the pool assets agree with the Servicer’s records with respect to an obligor’s unpaid principal balance. Servicer 1122(d)(4)(vi) Changes with respect to the terms or status of an obligor's pool assets (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with usual customary procedures. Servicer 1122(d)(4)(vii) Loss mitigation or recovery actions (e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with usual customary procedures. Servicer 1122(d)(4)(viii) Records documenting collection efforts are maintained during the period a pool asset is delinquent in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity’s activities in monitoring delinquent pool assets including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness or unemployment). Servicer 1122(d)(4)(ix) Adjustments to interest rates or rates of return for pool assets with variable rates are computed based on the related pool asset documents. N/A Reference Criteria Applicable Servicing Criteria Responsible Party 1122(d)(4)(x) Regarding any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the obligor’s pool asset documents, on at least an annual basis, or such other period specified in the transaction agreements; (B) interest on such funds is paid, or credited, to obligors in accordance with applicable pool asset documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the related pool assets, or such other number of days specified in the transaction agreements. N/A 1122(d)(4)(xi) Payments made on behalf of an obligor (such as tax or insurance payments) are made on or before the related penalty or expiration dates, as indicated on the appropriate bills or notices for such payments, provided that such support has been received by the servic

Appears in 2 contracts

Sources: Servicing Supplement (Mercedes-Benz Auto Lease Trust 2024-A), Servicing Supplement (Mercedes-Benz Auto Lease Trust 2024-A)

Model Year. The related ~~2018~~2020-A Vehicle has a model year between ~~2013~~ 2015 and ~~2017~~ 2020, inclusive. ~~Monthly~~ Mercedes-Benz Auto Lease Trust 2020-A Investor Report Collection Period Ended DD-Mon-YYYY Amounts in USD Collection Period No. # Collection Period (from... to) DD-Mon-YYYY DD-Mon-YYYY Determination Date DD-Mon-YYYY Record Date DD-Mon-YYYY Payment Date DD-Mon-YYYY Interest Period of the Class ~~A-1 Notes (from... to) DD-Mon-YYYY DD-Mon-YYYY Actual/360 Days # Interest Period of the Class~~ ▇-▇, ▇-▇ and A-4 Notes (from... to) DD-Mon-YYYY DD-Mon-YYYY 30/360 Days # ~~Initial Balance Beginning Balance Ending Balance Principal Payment Principal per $1000 Face Amount Note Factor~~ Class A-1 Notes Class A-2 Notes Class A-3 Notes Class A-4 Notes Total Note Balance $ $ $ $ Overcollateralization Total Securitization Value $ $ $ present value of lease payments $ $ $ present value of Base Residual Value $ $ $ ~~Amount Percentage~~ Initial Overcollateralization Amount $ % Target Overcollateralization Amount $ % Current Overcollateralization Amount $ % ~~Interest Rate Interest Payment Interest per $1000 Face Amount Interest & Principal Payment Interest & Principal Payment per $1000 Face Amount~~ Class A-1 Notes % $ $ Class A-2 Notes % $ $ Class A-3 Notes % $ $ Class A-4 Notes % $ $ Total $ $ Total $ $ Lease Payments Received $ Net Sales Proceeds-early terminations (including Defaulted Leases) $ Net Sales Proceeds-scheduled terminations $ Excess wear and tear included in Net Sales Proceeds $ Excess mileage included in Net Sales Proceeds $ Repurchase Payments $ Advances made by the Servicer $ Investment Earnings $ Total Available Funds $ (1) Total Servicing Fee and Nonrecoverable Servicer Advances $ (2) Exchange Note Interest Distributable Amount ([__]__%) $ (3) Exchange Note Principal Distributable Amount $ (4) Any amounts by which the sum payable pursuant to Section 8.03(a)(i) through (vii) of the Indenture (or, if applicable, pursuant to Section ~~5.04(b)(i) through~~ 5.04(b)(i)through (vvii) of the Indenture) exceed the sum of the Exchange Note Interest Distributable Amount and the Exchange Note Principal Distributable Amount $ (5) Remaining Funds Payable $ Total Exchange Note Payments $ Reserve Account Draw Amount $ (1) Total Trustee Fees and any Asset Representations Reviewer fees (max $250,000 p.a.) $ (2) Interest Distributable Amount Class A Notes $ (3) Priority Principal Distribution Amount $ (4) To Reserve Fund to reach the Reserve Fund Required Amount $ (5) Regular Principal Distribution Amount $ (6) Additional Servicing Fee and Transition Costs $ (7) Total Trustee Fees and any Asset Representations Reviewer fees [not previously paid under (1)] $ (8) Excess Collections to Certificateholders $ Total Servicing Fee Total Trustee Fee Monthly Interest Distributable Amount thereof on Class A-1 Notes thereof on Class A-2 Notes thereof on Class A-3 Notes thereof on Class A-4 Notes Interest Carryover Shortfall Amount thereof on Class A-1 Notes thereof on Class A-2 Notes thereof on Class A-3 Notes thereof on Class A-4 Notes Interest Distributable Amount Class A Notes Priority Principal Distribution Amount Regular Principal Distribution Amount Principal Distribution Amount Reserve Fund Amount - Beginning Balance plus top up Reserve Fund up to the Required Amount plus Net Investment Earnings for the Collection Period minus Net Investment Earnings minus Reserve Fund Draw Amount Reserve Fund Amount - Ending Balance Reserve Fund Deficiency Investment Earnings Net Investment Earnings on the Reserve Fund Net Investment Earnings on the Exchange Note Collection Account Investment Earnings for the Collection Period Cutoff Date Securitization Value Securitization Value beginning of Collection Period Principal portion of lease payments Terminations- Early Terminations- Scheduled Repurchase Payment (excluding interest) Gross Losses Securitization Value end of Collection Period Pool Factor % Weighted Average Securitization Rate Weighted Average Remaining Term (months) Weighted Average Seasoning (months) Aggregate Base Residual Value Cumulative Turn-in Ratio Proportion of base prepayment assumption realized life to date Actual lifetime prepayment speed Delinquency Profile Delinquency Profile* Amount ** Number of Leases Percentage Current 31-60 Days Delinquent 61-90 Days Delinquent 91-120 Days Delinquent Total *A lease is not considered delinquent if the amount past due is less than 10% of the payment due under such lease **Based on the actual Securitization Value of the respective leases" 60+ Delinquent Leases to EOP Aggregate Securitization Value: ___% Delinquency Trigger Occurred? [Y/N] Securitization Value of Defaulted Leases, Beg of Collection Period 466 Liquidation Proceeds Recoveries Principal Net Credit Loss / (Gain) Current Collection Period Prior Collection Period Second Prior Collection Period Third Prior Collection Period Four Month Average Securitization Value of Liquidated Leases, Beg of Collection Period Sales Proceeds and Other Payments Received Residual Loss / (Gain) Current Collection Period Prior Collection Period Second Prior Collection Period Third Prior Collection Period Four Month Average [The fair value of the Notes and the Certificates on the Closing Date is summarized as follows: The Depositor must retain a percentage interest in the Certificates with a fair value of at least 5% of the aggregate value of the Notes and Certificates, or $[insert dollar amount equal to 5% of the aggregate value of the Notes and Certificates], according to Regulation RR. The undersigned Servicer hereby certifies to _______ and its officers, directors and Affiliates (collectively, the “Certification Parties”) as follows, with the knowledge and intent that the Certification Parties will rely on this Certification in connection with the certification concerning the Issuer to be signed by an officer of the Servicer pursuant to the ▇▇▇▇▇▇▇▇-▇▇▇▇▇ Act of 2002: 1. I have reviewed: (i) the servicer compliance statement of the Servicer provided in the form specified by Item 1123 of Regulation AB (the “Compliance Statement”); (ii) the report on assessment of the Servicer’s compliance with the servicing criteria set forth in Item 1122(d) of Regulation AB (the “Servicing Criteria”), provided in accordance with Rules 13a-18 and 15d-18 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and Item 1122 of Regulation AB (the “Servicing Assessment”); (iii) the registered public accounting firm’s attestation report provided in the form specified by Rules 13a-18 and 15d-18 under the Exchange Act and Section 1122(b) of Regulation AB (the “Attestation Report”); and (iv) all servicing reports, officer’s certificates and other information relating to the servicing of the 2018-A Leases and 2018-A Vehicles by the Servicer during 20___ that were delivered by the Servicer to the Indenture Trustee pursuant to the Agreement (collectively, the “Servicing Information”).

Appears in 2 contracts

Sources: Servicing Supplement (Mercedes-Benz Auto Lease Trust 2020-A), Servicing Supplement (Mercedes-Benz Auto Lease Trust 2020-A)

Model Year. The related ~~2018~~2021-A Vehicle has a model year between ~~2013~~ 2017 and ~~2017~~ 2021, inclusive. ~~Monthly~~ Mercedes-Benz Auto Lease Trust 2021-A Investor Report Collection Period Ended DD-Mon-YYYY Amounts in USD Collection Period No. # Collection Period (from... to) DD-Mon-YYYY DD-Mon-YYYY Determination Date DD-Mon-YYYY Record Date DD-Mon-YYYY Payment Date DD-Mon-YYYY Interest Period of the Class A-1 Notes (from... to) DD-Mon-YYYY DD-Mon-YYYY Actual/360 Days # Interest Period of the Class ▇-▇, ▇-▇ and A-4 Notes (from... to) DD-Mon-YYYY DD-Mon-YYYY 30/360 Days # ~~Initial Balance Beginning Balance Ending Balance Principal Payment Principal per $1000 Face Amount Note Factor~~ Class A-1 Notes Class A-2 Notes Class A-3 Notes Class A-4 Notes Overcollateralization present value of lease payments $ $ $ present value of Base Residual Value $ $ $ ~~Amount Percentage~~ Initial Overcollateralization Amount $ % Target Overcollateralization Amount $ % Current Overcollateralization Amount $ % ~~Interest Rate Interest Payment Interest per $1000 Face Amount Interest & Principal Payment Interest & Principal Payment per $1000 Face Amount~~ Class A-1 Notes % $ $ Class A-2 Notes % $ $ Class A-3 Notes % $ $ Class A-4 Notes % $ $ Lease Payments Received $ Net Sales Proceeds-early terminations (including Defaulted Leases) $ Net Sales Proceeds-scheduled terminations $ Excess wear and tear included in Net Sales Proceeds $ Excess mileage included in Net Sales Proceeds $ Repurchase Payments $ Advances made by the Servicer $ Investment Earnings $ Total Available Funds $ (1) Total Servicing Fee and Nonrecoverable Servicer Advances $ (2) Exchange Note Interest Distributable Amount ([__]__%) $ (3) Exchange Note Principal Distributable Amount $ (4) Any amounts by which the sum payable pursuant to Section 8.03(a)(i) through (vii) of the Indenture (or, if applicable, pursuant to Section ~~5.04(b)(i) through~~ 5.04(b)(i)through (vvii) of the Indenture) exceed the sum of the Exchange Note Interest Distributable Amount and the Exchange Note Principal Distributable Amount $ (5) Remaining Funds Payable $ Total Exchange Note Payments $ Reserve Account Draw Amount $ (1) Total Trustee Fees and any Asset Representations Reviewer fees (max $250,000 p.a.) $ (2) Interest Distributable Amount Class A Notes $ (3) Priority Principal Distribution Amount $ (4) To Reserve Fund to reach the Reserve Fund Required Amount $ $ (5) Regular Principal Distribution Amount $ (6) Additional Servicing Fee and Transition Costs $ (7) Total Trustee Fees and any Asset Representations Reviewer fees [not previously paid under (1)] $ (8) Excess Collections to Certificateholders $ Amount Due Amount Paid Shortfall Total Servicing Fee Total Trustee Fee Monthly Interest Distributable Amount thereof on Class A-1 Notes thereof on Class A-2 Notes thereof on Class A-3 Notes thereof on Class A-4 Notes Interest Carryover Shortfall Amount thereof on Class A-1 Notes thereof on Class A-2 Notes thereof on Class A-3 Notes thereof on Class A-4 Notes Interest Distributable Amount Class A Notes Priority Principal Distribution Amount Regular Principal Distribution Amount Principal Distribution Amount Reserve Fund Required Amount Reserve Fund Amount - Beginning Balance plus top up Reserve Fund up to the Required Amount plus Net Investment Earnings for the Collection Period minus Net Investment Earnings minus Reserve Fund Draw Amount Reserve Fund Amount - Ending Balance Reserve Fund Deficiency Investment Earnings Net Investment Earnings on the Reserve Fund Net Investment Earnings on the Exchange Note Collection Account Investment Earnings for the Collection Period Cutoff Date Securitization Value Securitization Value beginning of Collection Period Principal portion of lease payments Terminations- Early Terminations- Scheduled Repurchase Payment (excluding interest) Gross Losses Securitization Value end of Collection Period Pool Factor % Weighted Average Securitization Rate Weighted Average Remaining Term (months) Weighted Average Seasoning (months) Aggregate Base Residual Value Cumulative Turn-in Ratio Proportion of base prepayment assumption realized life to date Actual lifetime prepayment speed Delinquency ~~Profile Delinquency~~ Profile* Amount ** Number of Leases Percentage Current 31-60 Days Delinquent 61-90 Days Delinquent 91-120 Days Delinquent Total *A lease is not considered delinquent if the amount past due is less than 10% of the payment due under such lease **Based on the actual Securitization Value of the respective leases" ” 60+ Delinquent Leases to EOP Aggregate Securitization Value: ~~___~~4.747% Delinquency Trigger Occurred? [Y/N] Securitization Value of Defaulted Leases, Beg of Collection Period ~~466~~ Liquidation Proceeds Recoveries Principal Net Credit Loss / (Gain) Current Collection Period Prior Collection Period Second Prior Collection Period Third Prior Collection Period Four Month Average Securitization Value of Liquidated Leases, Beg of Collection Period Sales Proceeds and Other Payments Received Residual Loss / (Gain) Current Collection Period Prior Collection Period Second Prior Collection Period Third Prior Collection Period Four Month Average [The fair value of the Notes and the Certificates on the Closing Date is summarized as follows: The Depositor must retain a percentage interest in the Certificates with a fair value of at least 5% of the aggregate value of the Notes and Certificates, or $[insert dollar amount equal to 5% of the aggregate value of the Notes and Certificates], according to Regulation RR. The undersigned Servicer hereby certifies to _______ and its officers, directors and Affiliates (collectively, the “Certification Parties”) as follows, with the knowledge and intent that the Certification Parties will rely on this Certification in connection with the certification concerning the Issuer to be signed by an officer of the Servicer pursuant to the ▇▇▇▇▇▇▇▇-▇▇▇▇▇ Act of 2002: 1. I have reviewed: (i) the servicer compliance statement of the Servicer provided in the form specified by Item 1123 of Regulation AB (the “Compliance Statement”); (ii) the report on assessment of the Servicer’s compliance with the servicing criteria set forth in Item 1122(d) of Regulation AB (the “Servicing Criteria”), provided in accordance with Rules 13a-18 and 15d-18 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and Item 1122 of Regulation AB (the “Servicing Assessment”); (iii) the registered public accounting firm’s attestation report provided in the form specified by Rules 13a-18 and 15d-18 under the Exchange Act and Section 1122(b) of Regulation AB (the “Attestation Report”); and (iv) all servicing reports, officer’s certificates and other information relating to the servicing of the ~~2018~~2021-A Leases and ~~2018~~2021-A Vehicles by the Servicer during 20___ that were delivered by the Servicer to the Indenture Trustee pursuant to the Agreement (collectively, the “Servicing Information”). 2. Based on my knowledge, the Servicing Information, taken as a whole, does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in the light of the circumstances under which such statements were made, not misleading with respect to the period of time covered by the Servicing Information. 3. Based on my knowledge, all of the Servicing Information required to be provided by the Servicer under the Agreement has been provided to the Indenture Trustee. 4. I am responsible for reviewing the activities performed by Mercedes-Benz Financial Services USA LLC, as Servicer (the “Servicer”) under the 2021-A Servicing Supplement, dated as of January 1, 2021 (the “Agreement”), among Mercedes Benz Financial Services USA LLC, as the lender (in such capacity, the “Lender”) and as servicer (in such capacity, the “Servicer”), Daimler Trust (the “Titling Trust”) and Daimler Title Co., as collateral agent (the “Collateral Agent”), and based on my knowledge and the compliance review conducted in preparing the Compliance Statement and except as disclosed in the Compliance Statement, the Servicing Assessment or the Attestation Report, the Servicer has fulfilled its obligations under the Agreement in all material respects. 5. The Compliance Statement required to be delivered by the Servicer pursuant to the Agreement, and the Servicing Assessment and Attestation Report required to be provided by the Servicer pursuant to the Agreement, have been provided to the Indenture Trustee. Any material instances of noncompliance described in such reports have been disclosed to the Transferor. Any material instance of noncompliance with the Servicing Criteria has been disclosed in such reports. Capitalized terms not otherwise defined herein have the meanings ascribed thereto in the Agreement. Date: ____________________ MERCEDES-BENZ FINANCIAL SERVICES USA LLC By: Name: Title: The assessment of compliance to be delivered by the Servicer, shall address, at a minimum, the criteria identified as below as “Applicable Servicing Criteria”: 1122(d)(1)(i) Policies and procedures are instituted to monitor any performance or other triggers and events of default in accordance with the transaction agreements. Servicer 1122(d)(1)(ii) If any material servicing activities are outsourced to third parties, policies and procedures are instituted to monitor the third party’s performance and compliance with such servicing activities. Servicer 1122(d)(1)(iii) Any requirements in the transaction agreements to maintain a back-up servicer for the pool assets are maintained. N/A 1122(d)(1)(iv) A fidelity bond and errors and omissions policy is in effect on the party participating in the servicing function throughout the reporting period in the amount of coverage required by and otherwise in accordance with the terms of the transaction agreements. 1122(d)(1)(v) Aggregation of information, as applicable, is mathematically accurate and the information conveyed accurately reflects the information. Servicer 1122(d)(2)(i) Payments on pool assets are deposited into the appropriate custodial bank accounts and related bank clearing accounts no more than two business days following receipt, or such other number of days specified in the transaction agreements. Servicer 1122(d)(2)(ii) Disbursements made via wire transfer on behalf of an obligor or to an investor are made only by authorized personnel. N/A for obligor disbursements Servicer 1122(d)(2)(iii) Advances of funds or guarantees regarding collections, cash flows or distributions, and any interest or other fees charged for such advances, are made, reviewed and approved as specified in the transaction agreements. Servicer 1122(d)(2)(iv) The related accounts for the transaction, such as cash reserve accounts or accounts established as a form of overcollateralization, are separately maintained (e.g., with respect to commingling of cash) as set forth in the transaction agreements. Servicer Reference Criteria Applicable Servicing Criteria Responsible Party 1122(d)(2)(v) Each custodial account is maintained at a federally insured depository institution as set forth in the transaction agreements. For purposes of this criterion, “federally insured depository institution” with respect to a foreign financial institution means a foreign financial institution that meets the requirements of Rule 13k-1(b)(1) of the Securities Exchange Act. Indenture Trustee 1122(d)(2)(vi) Unissued checks are safeguarded so as to prevent unauthorized access. N/A 1122(d)(2)(vii) Reconciliations are prepared on a monthly basis for all asset-backed securities related bank accounts, including custodial accounts and related bank clearing accounts. These reconciliations are (A) mathematically accurate; (B) prepared within 30 calendar days after the bank statement cutoff date, or such other number of days specified in the transaction agreements; (C) reviewed and approved by someone other than the person who prepared the reconciliation; and (D) contain explanations for reconciling items. These reconciling items are resolved within 90 calendar days of their original identification, or such other number of days specified in the transaction agreements. Servicer Indenture Trustee 1122(d)(3)(i) Reports to investors, including those to be filed with the Commission, are maintained in accordance with the transaction agreements and applicable Commission requirements. Specifically, such reports (A) are prepared in accordance with timeframes and other terms set forth in the transaction agreements; (B) provide information calculated in accordance with the terms specified in the transaction agreements; (C) are filed with the Commission as required by its rules and regulations; and (D) agree with investors’ or the trustee’s records as to the total unpaid principal balance and number of pool assets serviced by the Servicer. Servicer 1122(d)(3)(ii) Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other terms set forth in the transaction agreements. Servicer Indenture Trustee 1122(d)(3)(iii) Disbursements made to an investor are posted within two business days to the Servicer’s investor records, or such other number of days specified in the transaction agreements. Servicer Indenture Trustee 1122(d)(3)(iv) Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank statements. Servicer Indenture Trustee Reference Criteria Applicable Servicing Criteria Responsible Party 1122(d)(4)(i) Collateral or security on pool assets is maintained as required by the transaction agreements or related pool asset documents. Servicer 1122(d)(4)(ii) Pool assets and related documents are safeguarded as required by the transaction agreements Servicer 1122(d)(4)(iii) Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any conditions or requirements in the transaction agreements. Servicer 1122(d)(4)(iv) Payments on pool assets, including any payoffs, made in accordance with the related pool assets documents are posted to the Servicer’s obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related pool asset documents. Servicer 1122(d)(4)(v) The Servicer’s records regarding the pool assets agree with the Servicer’s records with respect to an obligor’s unpaid principal balance. Servicer 1122(d)(4)(vi) Changes with respect to the terms or status of an obligor’s pool assets (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with usual customary procedures. Servicer 1122(d)(4)(vii) Loss mitigation or recovery actions (e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with usual customary procedures. Servicer 1122(d)(4)(viii) Records documenting collection efforts are maintained during the period a pool asset is delinquent in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity’s activities in monitoring delinquent pool assets including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness or unemployment). Servicer 1122(d)(4)(ix) Adjustments to interest rates or rates of return for pool assets with variable rates are computed based on the related pool asset documents. N/A Reference Criteria Applicable Servicing Criteria Responsible Party 1122(d)(4)(x) Regarding any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the obligor’s pool asset documents, on at least an annual basis, or such other period specified in the transaction agreements; (B) interest on such funds is paid, or credited, to obligors in accordance with applicable pool asset documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the related pool assets, or such other number of days specified in the transaction agreements. N/A 1122(d)(4)(xi) Payments made on behalf of an obligor (such as tax or insurance payments) are made on or before the related penalty or expiration dates, as indicated on the appropriate bills or notices for such payments, provided that such support has been received by the servicer at least 30 cal

Appears in 2 contracts

Sources: Servicing Supplement (Mercedes-Benz Auto Lease Trust 2021-A), Servicing Supplement (Mercedes-Benz Auto Lease Trust 2021-A)

Model Year. The related ~~2018~~2019-A Vehicle has a model year between ~~2013~~ 2015 and ~~2017 inclusive~~2019. ~~Monthly~~ Mercedes-Benz Auto Lease Trust 2019-A Investor Report Collection Period Ended DD-Mon-YYYY Amounts in USD Collection Period No. # Collection Period (from... to) DD-Mon-YYYY DD-Mon-YYYY Determination Date DD-Mon-YYYY Record Date DD-Mon-YYYY Payment Date DD-Mon-YYYY Interest Period of the Class A-1 Notes (from... to) DD-Mon-YYYY DD-Mon-YYYY Actual/360 Days # Interest Period of the Class ▇-▇, ▇-▇ and A-4 Notes (from... to) DD-Mon-YYYY DD-Mon-YYYY 30/360 Days # ~~Initial Balance Beginning Balance Ending Balance Principal Payment Principal per $1000 Face Amount Note Factor~~ Class A-1 Notes Class A-2 Notes Class A-3 Notes Class A-4 Notes Total Note Balance $ $ $ $ Overcollateralization Total Securitization Value $ $ $ present value of lease payments $ $ $ present value of Base Residual Value $ $ $ ~~Amount Percentage~~ Initial Overcollateralization Amount $ % Target Overcollateralization Amount $ % Current Overcollateralization Amount $ % ~~Interest Rate Interest Payment Interest per $1000 Face Amount Interest & Principal Payment Interest & Principal Payment per $1000 Face Amount~~ Class A-1 Notes % $ $ Class A-2 Notes % $ $ Class A-3 Notes % $ $ Class A-4 Notes % $ $ Lease Payments Received $ Net Sales Proceeds-early terminations (including Defaulted Leases) $ Net Sales Proceeds-scheduled terminations $ Excess wear and tear included in Net Sales Proceeds $ Excess mileage included in Net Sales Proceeds $ Repurchase Payments $ Advances made by the Servicer $ Investment Earnings $ Total Available Funds $ (1) Total Servicing Fee and Nonrecoverable Servicer Advances $ (2) Exchange Note Interest Distributable Amount ([__]%) $ (3) Exchange Note Principal Distributable Amount $ (4) Any amounts by which the sum payable pursuant to Section 8.03(a)(i) through (vii) of the Indenture (or, if applicable, pursuant to Section 5.04(b)(i) through (v) of the Indenture) exceed the sum of the Exchange Note Interest Distributable Amount and the Exchange Note Principal Distributable Amount $ (5) Remaining Funds Payable $ Total Exchange Note Payments $ Reserve Account Draw Amount $ (1) Total Trustee Fees and any Asset Representations Reviewer fees (max $250,000 p.a.) $ (2) Interest Distributable Amount Class A Notes $ (3) Priority Principal Distribution Amount $ (4) To Reserve Fund to reach the Reserve Fund Required Amount $ (5) Regular Principal Distribution Amount $ (6) Additional Servicing Fee and Transition Costs $ (7) Total Trustee Fees and any Asset Representations Reviewer fees [not previously paid under (1)] $ (8) Excess Collections to Certificateholders $ Total Servicing Fee Total Trustee Fee Monthly Interest Distributable Amount thereof on Class A-1 Notes thereof on Class A-2 Notes thereof on Class A-3 Notes thereof on Class A-4 Notes Interest Carryover Shortfall Amount thereof on Class A-1 Notes thereof on Class A-2 Notes thereof on Class A-3 Notes thereof on Class A-4 Notes Interest Distributable Amount Class A Notes Priority Principal Distribution Amount Regular Principal Distribution Amount Principal Distribution Amount Reserve Fund Amount - Beginning Balance plus top up Reserve Fund up to the Required Amount plus Net Investment Earnings for the Collection Period minus Net Investment Earnings minus Reserve Fund Draw Amount Reserve Fund Amount - Ending Balance Reserve Fund Deficiency Investment Earnings Net Investment Earnings on the Reserve Fund Net Investment Earnings on the Exchange Note Collection Account Investment Earnings for the Collection Period Cutoff Date Securitization Value Securitization Value beginning of Collection Period Principal portion of lease payments Terminations- Early Terminations- Scheduled Repurchase Payment (excluding interest) Gross Losses Securitization Value end of Collection Period Pool Factor % Weighted Average Securitization Rate Weighted Average Remaining Term (months) Weighted Average Seasoning (months) Aggregate Base Residual Value Cumulative Turn-in Ratio Proportion of base prepayment assumption realized life to date Actual lifetime prepayment speed Delinquency Profile Delinquency Profile* Amount ** Number of Leases Percentage Current 31-60 Days Delinquent 61-90 Days Delinquent 91-120 Days Delinquent Total *A lease is not considered delinquent if the amount past due is less than 10% of the payment due under such lease **Based on the actual Securitization Value of the respective leases" 60+ Delinquent Leases to EOP Aggregate Securitization Value: ___% Delinquency Trigger Occurred? [Y/N] Securitization Value of Defaulted Leases, Beg of Collection Period 466 Liquidation Proceeds Recoveries Principal Net Credit Loss / (Gain) Current Collection Period Prior Collection Period Second Prior Collection Period Third Prior Collection Period Four Month Average Securitization Value of Liquidated Leases, Beg of Collection Period Sales Proceeds and Other Payments Received Residual Loss / (Gain) Current Collection Period Prior Collection Period Second Prior Collection Period Third Prior Collection Period Four Month Average [The fair value of the Notes and the Certificates on the Closing Date is summarized as follows: The Depositor must retain a percentage interest in the Certificates with a fair value of at least 5% of the aggregate value of the Notes and Certificates, or $[insert dollar amount equal to 5% of the aggregate value of the Notes and Certificates], according to Regulation RR. The undersigned Servicer hereby certifies to ____~~___ and its officers, directors and Affiliates (collectively, the “Certification Parties”~~%) as follows, with the knowledge and intent that the Certification Parties will rely on this Certification in connection with the certification concerning the Issuer to be signed by an officer of the Servicer pursuant to the ▇▇▇▇▇▇▇▇-▇▇▇▇▇ Act of 2002: 1. I have reviewed: (i) the servicer compliance statement of the Servicer provided in the form specified by Item 1123 of Regulation AB (the “Compliance Statement”); (ii) the report on assessment of the Servicer’s compliance with the servicing criteria set forth in Item 1122(d) of Regulation AB (the “Servicing Criteria”), provided in accordance with Rules 13a-18 and 15d-18 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and Item 1122 of Regulation AB (the “Servicing Assessment”); (iii) the registered public accounting firm’s attestation report provided in the form specified by Rules 13a-18 and 15d-18 under the Exchange Act and Section 1122(b) of Regulation AB (the “Attestation Report”); and (iv) all servicing reports, officer’s certificates and other information relating to the servicing of the 2018-A Leases and 2018-A Vehicles by the Servicer during 20___ that were delivered by the Servicer to the Indenture Trustee pursuant to the Agreement (collectively, the “Servicing Information”).$

Appears in 2 contracts

Sources: Servicing Supplement (Mercedes-Benz Auto Lease Trust 2019-A), Servicing Supplement (Mercedes-Benz Auto Lease Trust 2019-A)

Model Year. The related ~~2018-A~~ 201[__]-[__] Vehicle has a model year between ~~2013~~ 20[__] and ~~2017 inclusive~~201[__]. ~~Monthly~~ Investor Report Collection Period Ended DD-Mon-YYYY ` Amounts in USD Collection Period No. # Collection Period (from... to) DD-Mon-YYYY DD-Mon-YYYY Determination Date DD-Mon-YYYY Record Date DD-Mon-YYYY Payment Date DD-Mon-YYYY Interest Period of the Class A-1 Notes (from... to) DD-Mon-YYYY DD-Mon-YYYY Actual/360 Days # Interest Period of the Class ▇-▇, ▇-▇ and A-4 Notes (from... to) DD-Mon-YYYY DD-Mon-YYYY 30/360 Days # ~~Initial Balance Beginning Balance Ending Balance Principal Payment Principal per $1000 Face Amount Note Factor~~ Class A-1 Notes Class ~~A-2~~ A-2A Notes Class A-2B Notes Class A-3 Notes Class A-4 Notes Class B Notes Class A-4 Notes Overcollateralization present value of lease payments $ $ $ present value of Base Residual Value $ $ $ ~~Amount Percentage~~ Initial Overcollateralization Amount $ % Target Overcollateralization Amount $ % Current Overcollateralization Amount $ % ~~Interest Rate Interest Payment Interest per $1000 Face Amount Interest & Principal Payment Interest & Principal Payment per $1000 Face Amount~~ Class A-1 Notes % $ $ Class ~~A-2~~ A-2A Notes % $ $ Class A-2B Notes % $ $ Class A-3 Notes % $ $ Class A-4 Notes % $ $ ~~Lease Payments Received~~ Class B Notes % $ ~~Net Sales Proceeds-early terminations (including Defaulted Leases)~~ $ ~~Net Sales Proceeds-scheduled terminations~~ Exchange Note Balance $ ~~Excess wear and tear included in Net Sales Proceeds~~ $ ~~Excess mileage included in Net Sales Proceeds $ Repurchase Payments $ Advances made by the Servicer $ Investment Earnings $ Total Available Funds~~ $ (1) Total Servicing Fee and Nonrecoverable Servicer ~~Advances $~~Advances (2) Exchange Note Interest Distributable Amount ([___]%~~) $~~) (3) Exchange Note Principal Distributable ~~Amount $~~Amount (4) Any amounts by which the sum payable pursuant to ~~Section~~ Sections 8.03(a)(i) through (vii) of the Indenture (or, if applicable, pursuant to ~~Section~~ Sections 5.04(b)(i) through (vvii) of the Indenture) exceed the sum of the Exchange Note Interest Distributable Amount and the Exchange Note ~~Principal~~ Interest Distributable ~~Amount $~~Amount (5) Remaining Funds Payable to the Daimler Retail Specified Interest Certificate Lease Payments Received $ Net Sales Proceeds-early terminations (incl. Defaulted Leases) $ Net Sales Proceeds-scheduled terminations $ Thereof excess wear and tear received $ Thereof excess mileage charges received $ Subtotal $ Repurchase Payments $ Advances made by the Servicer $ Investment Earnings $ Total ~~Exchange Note Payments~~ Available Collections $ Reserve Account Draw Amount $ Total Available Funds $ (1) Total Trustee Fees ~~and any Asset Representations Reviewer fees (max $250,000 p.a.)~~ $ (2) Interest Distributable Amount Class A Notes $ (3) Priority Principal Distribution Amount $ (4) To Reserve Fund to reach the Reserve Fund Required Amount $ (5) Regular Principal Distribution Amount $ (6) Additional Servicing Fee and Transition Costs $ (7) Total Trustee Fees ~~and any Asset Representations Reviewer fees~~ [not previously paid under (12)] $ (8) Excess Collections to Certificateholders $ Total Distribution $ Amount Due Amount Paid Shortfall Total Servicing Fee $ $ $ Total Trustee Fee $ $ $ Monthly Interest Distributable Amount $ $ $ thereof on Class A-1 Notes thereof on Class ~~A-2~~ A-2A Notes thereof on Class A-2B Notes thereof on Class A-3 Notes thereof on Class A-4 Notes thereof on Class B Notes Interest Carryover Shortfall Amount $ $ $ thereof on Class A-1 Notes thereof on Class ~~A-2~~ A-2A Notes thereof on Class A-2B Notes thereof on Class A-3 Notes thereof on Class A-4 Notes thereof on Class B Notes Interest Distributable Amount Class A Notes Priority Principal Distribution Amount Regular Principal Distribution Amount $ $ $ Principal Distribution Amount $ $ $ Reserve Fund Required Amount Reserve Fund Amount - Beginning Balance plus top up Reserve Fund up to the Required Amount $ plus Net Investment Earnings for the Collection Period $ minus Net Investment Earnings $ minus Reserve Fund Draw Amount $ Reserve Fund Amount - Ending Balance $ Reserve Fund Deficiency ~~Investment Earnings~~ Net Investment Earnings on the Reserve Fund Net Investment Earnings on the Exchange Note Collection Account $ Investment Earnings for the Collection Period $ Cutoff Date Securitization Value Amount Securitization Value beginning of Collection Period Principal portion of lease payments $ Terminations- Early $ # Terminations- Scheduled $ Repurchase ~~Payment~~ Payments (excluding interest) Gross Losses $ Securitization Value end of Collection Period $ Pool Factor % Weighted Average Securitization Rate As of Cutoff Date Weighted Average Remaining Term (months) % % Current Weighted Average Seasoning (months) # # Aggregate Base Residual Value # # Cumulative Turn-in Ratio ~~Proportion of base prepayment assumption realized life to date Actual lifetime prepayment speed~~ $ $ Delinquency Profile ~~Delinquency Profile~~* ~~Amount~~ % Current Amount** ~~Number of Leases Percentage Current~~ 31-60 Days Delinquent Number of Leases Percentage 61-90 Days Delinquent 91-120 Days Delinquent Total *A lease is not considered delinquent if the amount past due is less than 10% of the payment due under such lease **Based on the actual Securitization Value of the respective ~~leases"~~ leases 60+ Delinquent Leases to EOP Aggregate Securitization ~~Value:~~ Value _______% Delinquency Trigger ~~Occurred?~~ occurred No [~~Y/N~~Yes] Credit Loss Amount Number of Leases Amount Number of Leases Securitization Value of Defaulted ~~Leases, Beg of Collection Period 466~~ Leases BOP Less Liquidation Proceeds Less Recoveries Principal Current Net Credit Loss / (Gain) Current Collection ~~Period~~ Period: Prior Collection ~~Period~~ Period: Second Prior Collection ~~Period~~ Period: Third Prior Collection ~~Period~~ Period: Four Month ~~Average~~ Average: Residual Loss $ Securitization Value of Liquidated ~~Leases, Beg of~~ Leases BOP Less sales proceeds and other payments received during Collection Period ~~Sales Proceeds and Other Payments Received~~ Current Current Residual Loss / (Gain) Current Collection Period Prior Collection Period Second Prior Collection Period Third Prior Collection Period Four Month Average [The fair value of the Notes and the Certificates on the Closing Date is summarized $ Cumulative Residual Loss / (Gain) $ Cumulative Residual Loss / (Gain) as ~~follows: The Depositor must retain a percentage interest in the Certificates with a fair value of at least 5~~% of ~~the aggregate value of the Notes and Certificates, or $~~Cut-off Date Securitization Value: $ FORM OF PERFORMANCE CERTIFICATION Re: Mercedes-Benz Auto Lease Trust 201[__]-[~~insert dollar amount equal to 5% of the aggregate value of the Notes and Certificates], according to Regulation RR.~~ __] The undersigned Servicer hereby certifies to _______ and its officers, directors and Affiliates (collectively, the “Certification Parties”) as follows, with the knowledge and intent that the Certification Parties will rely on this Certification in connection with the certification concerning the Issuer to be signed by an officer of the Servicer pursuant to the ▇▇▇▇▇▇▇▇-▇▇▇▇▇ Act of 2002: 1. I have reviewed: (i) the servicer compliance statement of the Servicer provided in the form specified by Item 1123 of Regulation AB (the “Compliance Statement”); (ii) the report on assessment of the Servicer’s compliance with the servicing criteria set forth in Item 1122(d) of Regulation AB (the “Servicing Criteria”), provided in accordance with Rules 13a-18 and 15d-18 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and Item 1122 of Regulation AB (the “Servicing Assessment”); (iii) the registered public accounting firm’s attestation report provided in the form specified by Rules 13a-18 and 15d-18 under the Exchange Act and Section 1122(b) of Regulation AB (the “Attestation Report”); and (iv) all servicing reports, officer’s certificates and other information relating to the servicing of the ~~2018-A~~ 201[__]-[__] Leases and ~~2018-A~~ 201[__]-[__] Vehicles by the Servicer during 20___ that were delivered by the Servicer to the Indenture Trustee pursuant to the Agreement (collectively, the “Servicing Information”). 2. Based on my knowledge, the Servicing Information, taken as a whole, does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in the light of the circumstances under which such statements were made, not misleading with respect to the period of time covered by the Servicing Information. 3. Based on my knowledge, all of the Servicing Information required to be provided by the Servicer under the Agreement has been provided to the Indenture Trustee. 4. I am responsible for reviewing the activities performed by Mercedes-Benz Financial Services USA LLC, as Servicer (the “Servicer”) under the 201[__]-[__] Servicing Supplement, dated as of [____ __], 201[__] (the “Agreement”), among Mercedes Benz Financial Services USA LLC, as the lender (in such capacity, the “Lender”) and as servicer (in such capacity, the “Servicer”), Daimler Trust (the “Titling Trust”) and Daimler Title Co., as collateral agent (the “Collateral Agent”), and based on my knowledge and the compliance review conducted in preparing the Compliance Statement and except as disclosed in the Compliance Statement, the Servicing Assessment or the Attestation Report, the Servicer has fulfilled its obligations under the Agreement in all material respects. 5. The Compliance Statement required to be delivered by the Servicer pursuant to the Agreement, and the Servicing Assessment and Attestation Report required to be provided by the Servicer pursuant to the Agreement, have been provided to the Indenture Trustee. Any material instances of noncompliance described in such reports have been disclosed to the Transferor. Any material instance of noncompliance with the Servicing Criteria has been disclosed in such reports. Capitalized terms not otherwise defined herein have the meanings ascribed thereto in the Agreement. Date: ____________________ MERCEDES-BENZ FINANCIAL SERVICES USA LLC By: Name: Title: The assessment of compliance to be delivered by the Servicer, shall address, at a minimum, the criteria identified as below as “Applicable Servicing Criteria”: 1122(d)(1)(i) Policies and procedures are instituted to monitor any performance or other triggers and events of default in accordance with the transaction agreements. Servicer 1122(d)(1)(ii) If any material servicing activities are outsourced to third parties, policies and procedures are instituted to monitor the third party’s performance and compliance with such servicing activities. Servicer 1122(d)(1)(iii) Any requirements in the transaction agreements to maintain a back-up servicer for the pool assets are maintained. N/A 1122(d)(1)(iv) A fidelity bond and errors and omissions policy is in effect on the party participating in the servicing function throughout the reporting period in the amount of coverage required by and otherwise in accordance with the terms of the transaction agreements. N/A 1122(d)(1)(v) Aggregation of information, as applicable, is mathematically accurate and the information conveyed accurately reflects the information. 1122(d)(2)(i) Payments on pool assets are deposited into the appropriate custodial bank accounts and related bank clearing accounts no more than two business days following receipt, or such other number of days specified in the transaction agreements. Servicer 1122(d)(2)(ii) Disbursements made via wire transfer on behalf of an obligor or to an investor are made only by authorized personnel. N/A for obligor disbursements Servicer 1122(d)(2)(iii) Advances of funds or guarantees regarding collections, cash flows or distributions, and any interest or other fees charged for such advances, are made, reviewed and approved as specified in the transaction agreements. Servicer 1122(d)(2)(iv) The related accounts for the transaction, such as cash reserve accounts or accounts established as a form of overcollateralization, are separately maintained (e.g., with respect to commingling of cash) as set forth in the transaction agreements. Servicer 1122(d)(2)(v) Each custodial account is maintained at a federally insured depository institution as set forth in the transaction agreements. For purposes of this criterion, “federally insured depository institution” with respect to a foreign financial institution means a foreign financial institution that meets the requirements of Rule 13k-1(b)(1) of the Securities Exchange Act. N/A 1122(d)(2)(vi) Unissued checks are safeguarded so as to prevent unauthorized access. N/A 1122(d)(2)(vii) Reconciliations are prepared on a monthly basis for all asset-backed securities related bank accounts, including custodial accounts and related bank clearing accounts. These reconciliations are (A) mathematically accurate; (B) prepared within 30 calendar days after the bank statement cutoff date, or such other number of days specified in the transaction agreements; (C) reviewed and approved by someone other than the person who prepared the reconciliation; and (D) contain explanations for reconciling items. These reconciling items are resolved within 90 calendar days of their original identification, or such other number of days specified in the transaction agreements. Servicer 1122(d)(3)(i) Reports to investors, including those to be filed with the Commission, are maintained in accordance with the transaction agreements and applicable Commission requirements. Specifically, such reports (A) are prepared in accordance with timeframes and other terms set forth in the transaction agreements; (B) provide information calculated in accordance with the terms specified in the transaction agreements; (C) are filed with the Commission as required by its rules and regulations; and (D) agree with investors’ or the trustee’s records as to the total unpaid principal balance and number of pool assets serviced by the Servicer. Servicer 1122(d)(3)(ii) Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other terms set forth in the transaction agreements. Servicer 1122(d)(3)(iii) Disbursements made to an investor are posted within two business days to the Servicer’s investor records, or such other number of days specified in the transaction agreements. Servicer 1122(d)(3)(iv) Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank statements. Servicer 1122(d)(4)(i) Collateral or security on pool assets is maintained as required by the transaction agreements or related pool asset documents. Servicer 1122(d)(4)(ii) Pool assets and related documents are safeguarded as required by the transaction agreements Servicer 1122(d)(4)(iii) Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any conditions or requirements in the transaction agreements. Servicer 1122(d)(4)(iv) Payments on pool assets, including any payoffs, made in accordance with the related pool assets documents are posted to the Servicer’s obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related pool asset documents. Servicer 1122(d)(4)(v) The Servicer’s records regarding the pool assets agree with the Servicer’s records with respect to an obligor’s unpaid principal balance. Servicer 1122(d)(4)(vi) Changes with respect to the terms or status of an obligor's pool assets (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with usual customary procedures. Servicer 1122(d)(4)(vii) Loss mitigation or recovery actions (e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with usual customary procedures. Servicer 1122(d)(4)(viii) Records documenting collection efforts are maintained during the period a pool asset is delinquent in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity’s activities in monitoring delinquent pool assets including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness or unemployment). Servicer 1122(d)(4)(ix) Adjustments to interest rates or rates of return for pool assets with variable rates are computed based on the related pool asset documents. N/A 1122(d)(4)(x) Regarding any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the obligor’s pool asset documents, on at least an annual basis, or such other period specified in the transaction agreements; (B) interest on such funds is paid, or credited, to obligors in accordance with applicable pool asset documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the related pool assets, or such other number of days specified in the transaction agreements. N/A 1122(d)(4)(xi) Payments made on behalf of an obligor (such as tax or insurance payments) are made on or before the related penalty or expiration dates, as indicated on the appropriate bills or notices for such payments, provided that such support has been received by the servicer at least 30 calendar days prior to these dates, or such other number of days specified in the transaction agreements. N/A 1122(d)(4)(xii) Any late payment penalties in connection with any payment to be made on behalf of an obligor are paid from the servicer’s funds and not charged to the obligor, unless the late payment was due to the obligor’s error

Appears in 2 contracts

Sources: Servicing Supplement (Daimler Trust), Servicing Supplement (Daimler Trust)

Model Year. The related ~~2018~~2023-A Vehicle has a model year between ~~2013~~ 2019 and ~~2017~~ 2023, inclusive. ~~Monthly~~ Mercedes-Benz Auto Lease Trust 2023-A Investor Report Collection Period Ended DD-Mon-YYYY Amounts in USD Collection Period No. # Collection Period (from... to) DD-Mon-YYYY DD-Mon-YYYY Determination Date DD-Mon-YYYY Record Date DD-Mon-YYYY Payment Date DD-Mon-YYYY Interest Period of the Class ~~A-1 Notes (from... to) DD-Mon-YYYY DD-Mon-YYYY Actual/360 Days # Interest Period of the Class ▇-▇~~A-2, ~~▇-▇~~ A-3 and A-4 Notes (from... to) DD-Mon-YYYY DD-Mon-YYYY 30/360 Days # ~~Initial Balance Beginning Balance Ending Balance Principal Payment Principal per $1000 Face Amount Note Factor~~ Class A-1 Notes Class A-2 Notes Class A-3 Notes Class A-4 Notes Total Note Balance $ $ $ $ Overcollateralization Total Securitization Value $ $ $ present value of lease payments $ $ $ present value of Base Residual Value $ $ $ Amount Percentage Initial Overcollateralization Amount $ % Target Overcollateralization Amount $ % Current Overcollateralization Amount $ % ~~Interest Rate Interest Payment Interest per $1000 Face Amount Interest & Principal Payment Interest & Principal Payment per $1000 Face Amount~~ Class A-1 Notes 0.00% $ $ Class A-2 Notes % $ $ Class A-3 Notes % $ $ Class A-4 Notes % $ $ Total $ $ Total $ $ Exchange Note Balance $ $ $ Lease Payments Received $ Net Sales Proceeds-early terminations (including Defaulted Leases) $ Net Sales Proceeds-scheduled terminations $ Excess wear and tear included in Net Sales Proceeds $ Excess mileage included in Net Sales Proceeds $ Repurchase Payments $ Advances made by the Servicer $ Investment Earnings $ Total Available Funds $ (1) Total Servicing Fee and Nonrecoverable Servicer Advances $ (2) Exchange Note Interest Distributable Amount ([__]__%) $ (3) Exchange Note Principal Distributable Amount $ (4) Any amounts by which the sum payable pursuant to Section 8.03(a)(i) through (vii) of the Indenture (or, if applicable, pursuant to Section ~~5.04(b)(i) through~~ 5.04(b)(i)through (vvii) of the Indenture) exceed the sum of the Exchange Note Interest Distributable Amount and the Exchange Note Principal Distributable Amount $ (5) Remaining Funds Payable $ Total Distribution $ Total Exchange Note Payments $ Reserve Account Draw Amount $ Total Available Funds $ (1) Total Trustee Fees and any Asset Representations Reviewer fees (max $250,000 p.a.) $ (2) Interest Distributable Amount Class A A-2, Class A-3 and Class A-4 Notes $ (3) Priority Principal Distribution Amount $ (4) To Reserve Fund to reach the Reserve Fund Required Amount $ (5) Regular Principal Distribution Amount $ (6) Additional Servicing Fee and Transition Costs $ (7) Total Trustee Fees and any Asset Representations Reviewer fees [not previously paid under (1)] $ (8) Excess Collections to Certificateholders $ Amount Due Amount Paid Shortfall Total Servicing Fee Total Trustee Fee Monthly Interest Distributable Amount ~~thereof on Class A-1 Notes~~ thereof on Class A-2 Notes thereof on Class A-3 Notes thereof on Class A-4 Notes Interest Carryover Shortfall Amount ~~thereof on Class A-1 Notes~~ thereof on Class A-2 Notes thereof on Class A-3 Notes thereof on Class A-4 Notes Interest Distributable Amount Class A Notes Priority Principal Distribution Amount Regular Principal Distribution Amount Principal Distribution Amount Reserve Fund Required Amount Reserve Fund Amount - Beginning Balance plus top up Reserve Fund up to the Required Amount plus Net Investment Earnings for the Collection Period minus Net Investment Earnings minus Reserve Fund Draw Amount Reserve Fund Amount - Ending Balance Reserve Fund Deficiency Investment Earnings Net Investment Earnings on the Reserve Fund Net Investment Earnings on the Exchange Note Collection Account Investment Earnings for the Collection Period Cutoff Date Securitization Value Securitization Value beginning of Collection Period Principal portion of lease payments Terminations- Early Terminations- Scheduled Repurchase Payment (excluding interest) Gross Losses Securitization Value end of Collection Period Pool Factor % Weighted Average Securitization Rate Weighted Average Remaining Term (months) Weighted Average Seasoning (months) Aggregate Base Residual Value Cumulative Turn-in Ratio Proportion of base prepayment assumption realized life to date Actual lifetime prepayment speed Delinquency ~~Profile Delinquency~~ Profile* Amount ** Number of Leases Percentage Current 31-60 Days Delinquent 61-90 Days Delinquent 91-120 Days Delinquent Total *A lease is not considered delinquent if the amount past due is less than 10% of the payment due under such lease **Based on the actual Securitization Value of the respective “leases" 60+ Delinquent Leases to EOP Aggregate Securitization Value: ~~___~~5.147% Delinquency Trigger Occurred? [Y/N] Securitization Value of Defaulted Leases, Beg of Collection Period ~~466~~ Liquidation Proceeds Recoveries Principal Net Credit Loss / (Gain) Current Collection Period Prior Collection Period Second Prior Collection Period Third Prior Collection Period Four Month Average Securitization Value of Liquidated Leases, Beg of Collection Period Sales Proceeds and Other Payments Received Residual Loss / (Gain) Current Collection Period Prior Collection Period Second Prior Collection Period Third Prior Collection Period Four Month Average [The fair value of the Notes and the Certificates on the Closing Date is summarized as follows: The Depositor must retain a percentage interest in the Certificates with a fair value of at least 5% of the aggregate value of the Notes and Certificates, or $[insert dollar amount equal to 5% of the aggregate value of the Notes and Certificates], according to Regulation RR. The undersigned Servicer hereby certifies to _______ and its officers, directors and Affiliates (collectively, the “Certification Parties”) as follows, with the knowledge and intent that the Certification Parties will rely on this Certification in connection with the certification concerning the Issuer to be signed by an officer of the Servicer pursuant to the ▇▇▇▇▇▇▇▇-▇▇▇▇▇ Act of 2002: 1. I have reviewed: (i) the servicer compliance statement of the Servicer provided in the form specified by Item 1123 of Regulation AB (the “Compliance Statement”); (ii) the report on assessment of the Servicer’s compliance with the servicing criteria set forth in Item 1122(d) of Regulation AB (the “Servicing Criteria”), provided in accordance with Rules 13a-18 and 15d-18 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and Item 1122 of Regulation AB (the “Servicing Assessment”); (iii) the registered public accounting firm’s attestation report provided in the form specified by Rules 13a-18 and 15d-18 under the Exchange Act and Section 1122(b) of Regulation AB (the “Attestation Report”); and (iv) all servicing reports, officer’s certificates and other information relating to the servicing of the ~~2018~~2023-A Leases and ~~2018~~2023-A Vehicles by the Servicer during 20___ that were delivered by the Servicer to the Indenture Trustee pursuant to the Agreement (collectively, the “Servicing Information”). 2. Based on my knowledge, the Servicing Information, taken as a whole, does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in the light of the circumstances under which such statements were made, not misleading with respect to the period of time covered by the Servicing Information. 3. Based on my knowledge, all of the Servicing Information required to be provided by the Servicer under the Agreement has been provided to the Indenture Trustee. 4. I am responsible for reviewing the activities performed by Mercedes-Benz Financial Services USA LLC, as Servicer (the “Servicer”) under the 2023-A Servicing Supplement, dated as of May 1, 2023 (the “Agreement”), among Mercedes Benz Financial Services USA LLC, as the lender (in such capacity, the “Lender”) and as servicer (in such capacity, the “Servicer”), Mercedes-Benz Vehicle Trust (the “Titling Trust”) and Collateral Title Co., as collateral agent (the “Collateral Agent”), and based on my knowledge and the compliance review conducted in preparing the Compliance Statement and except as disclosed in the Compliance Statement, the Servicing Assessment or the Attestation Report, the Servicer has fulfilled its obligations under the Agreement in all material respects. 5. The Compliance Statement required to be delivered by the Servicer pursuant to the Agreement, and the Servicing Assessment and Attestation Report required to be provided by the Servicer pursuant to the Agreement, have been provided to the Indenture Trustee. Any material instances of noncompliance described in such reports have been disclosed to the Transferor. Any material instance of noncompliance with the Servicing Criteria has been disclosed in such reports. Capitalized terms not otherwise defined herein have the meanings ascribed thereto in the Agreement. MERCEDES-BENZ FINANCIAL SERVICES USA LLC By: Name: Title: The assessment of compliance to be delivered by the Servicer, shall address, at a minimum, the criteria identified as below as “Applicable Servicing Criteria”: 1122(d)(1)(i) Policies and procedures are instituted to monitor any performance or other triggers and events of default in accordance with the transaction agreements. Servicer 1122(d)(1)(ii) If any material servicing activities are outsourced to third parties, policies and procedures are instituted to monitor the third party’s performance and compliance with such servicing activities. Servicer 1122(d)(1)(iii) Any requirements in the transaction agreements to maintain a back-up servicer for the pool assets are maintained. N/A 1122(d)(1)(iv) A fidelity bond and errors and omissions policy is in effect on the party participating in the servicing function throughout the reporting period in the amount of coverage required by and otherwise in accordance with the terms of the transaction agreements. 1122(d)(1)(v) Aggregation of information, as applicable, is mathematically accurate and the information conveyed accurately reflects the information. Servicer 1122(d)(2)(i) Payments on pool assets are deposited into the appropriate custodial bank accounts and related bank clearing accounts no more than two business days following receipt, or such other number of days specified in the transaction agreements. Servicer 1122(d)(2)(ii) Disbursements made via wire transfer on behalf of an obligor or to an investor are made only by authorized personnel. N/A for obligor disbursements Servicer 1122(d)(2)(iii) Advances of funds or guarantees regarding collections, cash flows or distributions, and any interest or other fees charged for such advances, are made, reviewed and approved as specified in the transaction agreements. Servicer 1122(d)(2)(iv) The related accounts for the transaction, such as cash reserve accounts or accounts established as a form of overcollateralization, are separately maintained (e.g., with respect to commingling of cash) as set forth in the transaction agreements. Servicer Reference Criteria Applicable Servicing Criteria Responsible Party 1122(d)(2)(v) Each custodial account is maintained at a federally insured depository institution as set forth in the transaction agreements. For purposes of this criterion, “federally insured depository institution” with respect to a foreign financial institution means a foreign financial institution that meets the requirements of Rule 13k-1(b)(1) of the Securities Exchange Act. Indenture Trustee 1122(d)(2)(vi) Unissued checks are safeguarded so as to prevent unauthorized access. N/A 1122(d)(2)(vii) Reconciliations are prepared on a monthly basis for all asset-backed securities related bank accounts, including custodial accounts and related bank clearing accounts. These reconciliations are (A) mathematically accurate; (B) prepared within 30 calendar days after the bank statement cutoff date, or such other number of days specified in the transaction agreements; (C) reviewed and approved by someone other than the person who prepared the reconciliation; and (D) contain explanations for reconciling items. These reconciling items are resolved within 90 calendar days of their original identification, or such other number of days specified in the transaction agreements. Servicer Indenture Trustee 1122(d)(3)(i) Reports to investors, including those to be filed with the Commission, are maintained in accordance with the transaction agreements and applicable Commission requirements. Specifically, such reports (A) are prepared in accordance with timeframes and other terms set forth in the transaction agreements; (B) provide information calculated in accordance with the terms specified in the transaction agreements; (C) are filed with the Commission as required by its rules and regulations; and (D) agree with investors’ or the trustee’s records as to the total unpaid principal balance and number of pool assets serviced by the Servicer. Servicer 1122(d)(3)(ii) Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other terms set forth in the transaction agreements. Servicer Indenture Trustee 1122(d)(3)(iii) Disbursements made to an investor are posted within two business days to the Servicer’s investor records, or such other number of days specified in the transaction agreements. Servicer Indenture Trustee 1122(d)(3)(iv) Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank statements. Servicer Indenture Trustee Reference Criteria Applicable Servicing Criteria Responsible Party 1122(d)(4)(i) Collateral or security on pool assets is maintained as required by the transaction agreements or related pool asset documents. Servicer 1122(d)(4)(ii) Pool assets and related documents are safeguarded as required by the transaction agreements Servicer 1122(d)(4)(iii) Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any conditions or requirements in the transaction agreements. Servicer 1122(d)(4)(iv) Payments on pool assets, including any payoffs, made in accordance with the related pool assets documents are posted to the Servicer’s obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related pool asset documents. Servicer 1122(d)(4)(v) The Servicer’s records regarding the pool assets agree with the Servicer’s records with respect to an obligor’s unpaid principal balance. Servicer 1122(d)(4)(vi) Changes with respect to the terms or status of an obligor's pool assets (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with usual customary procedures. Servicer 1122(d)(4)(vii) Loss mitigation or recovery actions (e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with usual customary procedures. Servicer 1122(d)(4)(viii) Records documenting collection efforts are maintained during the period a pool asset is delinquent in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity’s activities in monitoring delinquent pool assets including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness or unemployment). Servicer 1122(d)(4)(ix) Adjustments to interest rates or rates of return for pool assets with variable rates are computed based on the related pool asset documents. N/A Reference Criteria Applicable Servicing Criteria Responsible Party 1122(d)(4)(x) Regarding any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the obligor’s pool asset documents, on at least an annual basis, or such other period specified in the transaction agreements; (B) interest on such funds is paid, or credited, to obligors in accordance with applicable pool asset documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the related pool assets, or such other number of days specified in the transaction agreements. N/A 1122(d)(4)(xi) Payments made on behalf of an obligor (such as tax or insurance payments) are made on or before the related penalty or expiration dates, as indicated on the appropriate bills or notices for such payments, provided that such support has been

Appears in 1 contract

Sources: Servicing Supplement (Mercedes-Benz Auto Lease Trust 2023-A)

Model Year. The related ~~2018~~2016-A Vehicle has a model year between ~~2013~~ 2012 and ~~2017 inclusive~~2016. ~~Monthly~~ Investor Report Collection Period Ended DD-Mon-YYYY ` Amounts in USD Collection Period No. # Collection Period (from... to) DD-Mon-YYYY DD-Mon-YYYY Determination Date DD-Mon-YYYY Record Date DD-Mon-YYYY Payment Date DD-Mon-YYYY Interest Period of the Class A-1 Notes (from... to) DD-Mon-YYYY DD-Mon-YYYY Actual/360 Days # Interest Period of the Class ▇-▇, ▇-▇ and A-4 Notes (from... to) DD-Mon-YYYY DD-Mon-YYYY 30/360 Days # ~~Initial Balance Beginning Balance Ending Balance Principal Payment Principal per $1000 Face Amount Note Factor~~ Class A-1 Notes Class ~~A-2~~ A-2A Notes Class A-2B Notes Class A-3 Notes Class A-4 Notes present value of lease payments $ $ $ present value of Base Residual Value $ $ $ ~~Amount Percentage~~ Initial Overcollateralization Amount $ % Target Overcollateralization Amount $ % Current Overcollateralization Amount $ % Interest Rate Interest Payment Interest per $1000 Face Amount Interest & Principal Payment Interest & Principal Payment per $1000 Face Amount Class A-1 Notes % $ $ Class ~~A-2~~ A-2A Notes % $ $ Class A-2B Notes % $ $ Class A-3 Notes % $ $ Class A-4 Notes % $ $ Lease Payments Received $ Net Sales Proceeds-early terminations (including Defaulted Leases) $ Net Sales Proceeds-scheduled terminations $ Excess wear and tear included in Net Sales Proceeds $ Excess mileage included in Net Sales Proceeds $ ~~Repurchase Payments $ Advances made by the Servicer $ Investment Earnings $~~ Total Available Funds $ (1) Total Servicing Fee and Nonrecoverable Servicer ~~Advances $~~Advances (2) Exchange Note Interest Distributable Amount (~~[__]~~1.70%~~) $~~) (3) Exchange Note Principal Distributable ~~Amount $~~Amount (4) Any amounts by which the sum payable pursuant to Section 8.03(a)(i) through (vii) of the Indenture (or, if applicable, pursuant to Section ~~5.04(b)(i) through~~ 5.04(b)(i)through (vvii) of the Indenture) exceed the sum of the Exchange Note Interest Distributable Amount and the Exchange Note ~~Principal~~ Interest Distributable ~~Amount $~~Amount (5) Remaining Funds Payable to the Daimler Retail Specified Interest Certificate Available Distributable Amount $ Repurchase Payments $ Advances made by the Servicer $ Investment Earnings $ Total ~~Exchange Note Payments~~ Available Collections $ Reserve Account Draw Amount $ (1) Total Trustee Fees and any Asset Representations Reviewer fees (max $250,000 p.a.~~) $~~) (2) Interest Distributable Amount Class A ~~Notes $~~Notes (3) Priority Principal Distribution ~~Amount $~~Amount (4) To Reserve Fund to reach the Reserve Fund Required ~~Amount $~~Amount (5) Regular Principal Distribution ~~Amount $~~Amount (6) Additional Servicing Fee and Transition ~~Costs $~~Costs (7) Total Trustee Fees and any Asset Representations Reviewer fees [not previously paid under (1)~~] $~~] (8) Excess Collections to Certificateholders $ Amount Due Amount Paid Shortfall Total Servicing Fee Total Trustee Fee Monthly Interest Distributable Amount thereof on Class A-1 Notes thereof on Class ~~A-2~~ A-2A Notes thereof on Class A-3 Notes thereof on Class A-4 Notes Interest Carryover Shortfall Amount thereof on Class A-1 Notes thereof on Class ~~A-2~~ A-2A Notes thereof on Class A-2B Notes thereof on Class A-3 Notes thereof on Class A-4 Notes Interest Distributable Amount Class A Notes Priority Principal Distribution Amount Regular Principal Distribution Amount Principal Distribution Amount Reserve Fund Required Amount Reserve Fund Amount - Beginning Balance plus top up Reserve Fund up to the Required Amount plus Net Investment Earnings for the Collection Period minus Net Investment Earnings minus Reserve Fund Draw Amount Reserve Fund Amount - Ending Balance Reserve Fund Deficiency Investment Earnings Net Investment Earnings on the Reserve Fund Net Investment Earnings on the Exchange Note Collection Account Investment Earnings for the Collection Period Cutoff Date Securitization Value Securitization Value beginning of Collection Period Principal portion of lease payments Terminations- Early Terminations- Scheduled Repurchase Payment (excluding interest) Gross Losses Securitization Value end of Collection Period Pool Factor % Weighted Average Securitization Rate Weighted Average Remaining Term (months) Weighted Average Seasoning (months) Aggregate Base Residual Value Cumulative Turn-in Ratio Proportion of base prepayment assumption realized life to date Actual lifetime prepayment speed ~~Delinquency Profile~~ Delinquency Profile* Amount ** Number of Leases Percentage Current 31-60 Days Delinquent 61-90 Days Delinquent 91-120 Days Delinquent Total *A lease is not considered delinquent if the amount past due is less than 10% of the payment due under such lease **Based on the actual Securitization Value of the respective leases" 60+ Delinquent Leases to EOP Aggregate Securitization Value: ___% Delinquency Trigger Occurred? [Y/N] Securitization Value of Defaulted Leases, Beg of Collection Period 466 Liquidation Proceeds Recoveries Principal Net Credit Loss / (Gain) Current Collection Period Prior Collection Period Second Prior Collection Period Third Prior Collection Period Four Month Average Securitization Value of Liquidated Leases, Beg of Collection Period Sales Proceeds and Other Payments Received Residual Loss / (Gain) Current Collection Period ~~Prior Collection Period~~ Second Prior Collection Period Third Prior Collection Period Four Month Average ~~[The fair value of the Notes and the Certificates on the Closing Date is summarized as follows~~FORM OF PERFORMANCE CERTIFICATION Re: The Depositor must retain a percentage interest in the Certificates with a fair value of at least 5% of the aggregate value of the Notes and Certificates, or $[insert dollar amount equal to 5% of the aggregate value of the Notes and Certificates], according to Regulation RR. Mercedes-Benz Auto Lease Trust 2016-A The undersigned Servicer hereby certifies to _______ and its officers, directors and Affiliates (collectively, the “Certification Parties”) as follows, with the knowledge and intent that the Certification Parties will rely on this Certification in connection with the certification concerning the Issuer to be signed by an officer of the Servicer pursuant to the ▇▇▇▇▇▇▇▇-▇▇▇▇▇ Act of 2002: 1. I have reviewed: (i) the servicer compliance statement of the Servicer provided in the form specified by Item 1123 of Regulation AB (the “Compliance Statement”); (ii) the report on assessment of the Servicer’s compliance with the servicing criteria set forth in Item 1122(d) of Regulation AB (the “Servicing Criteria”), provided in accordance with Rules 13a-18 and 15d-18 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and Item 1122 of Regulation AB (the “Servicing Assessment”); (iii) the registered public accounting firm’s attestation report provided in the form specified by Rules 13a-18 and 15d-18 under the Exchange Act and Section 1122(b) of Regulation AB (the “Attestation Report”); and (iv) all servicing reports, officer’s certificates and other information relating to the servicing of the ~~2018~~2016-A Leases and ~~2018~~2016-A Vehicles by the Servicer during 20___ that were delivered by the Servicer to the Indenture Trustee pursuant to the Agreement (collectively, the “Servicing Information”). 2. Based on my knowledge, the Servicing Information, taken as a whole, does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in the light of the circumstances under which such statements were made, not misleading with respect to the period of time covered by the Servicing Information. 3. Based on my knowledge, all of the Servicing Information required to be provided by the Servicer under the Agreement has been provided to the Indenture Trustee. 4. I am responsible for reviewing the activities performed by Mercedes-Benz Financial Services USA LLC, as Servicer (the “Servicer”) under the 2016-A Servicing Supplement, dated as of March 1, 2016 (the “Agreement”), among Mercedes Benz Financial Services USA LLC, as the lender (in such capacity, the “Lender”) and as servicer (in such capacity, the “Servicer”), Daimler Trust (the “Titling Trust”) and Daimler Title Co., as collateral agent (the “Collateral Agent”), and based on my knowledge and the compliance review conducted in preparing the Compliance Statement and except as disclosed in the Compliance Statement, the Servicing Assessment or the Attestation Report, the Servicer has fulfilled its obligations under the Agreement in all material respects. 5. The Compliance Statement required to be delivered by the Servicer pursuant to the Agreement, and the Servicing Assessment and Attestation Report required to be provided by the Servicer pursuant to the Agreement, have been provided to the Indenture Trustee. Any material instances of noncompliance described in such reports have been disclosed to the Transferor. Any material instance of noncompliance with the Servicing Criteria has been disclosed in such reports. Capitalized terms not otherwise defined herein have the meanings ascribed thereto in the Agreement. Date: ____________________ MERCEDES-BENZ FINANCIAL SERVICES USA LLC By: /s/ Name: Title: The assessment of compliance to be delivered by the Servicer, shall address, at a minimum, the criteria identified as below as “Applicable Servicing Criteria”: 1122(d)(1)(i) Policies and procedures are instituted to monitor any performance or other triggers and events of default in accordance with the transaction agreements. Servicer 1122(d)(1)(ii) If any material servicing activities are outsourced to third parties, policies and procedures are instituted to monitor the third party’s performance and compliance with such servicing activities. Servicer 1122(d)(1)(iii) Any requirements in the transaction agreements to maintain a back-up servicer for the pool assets are maintained. N/A 1122(d)(1)(iv) A fidelity bond and errors and omissions policy is in effect on the party participating in the servicing function throughout the reporting period in the amount of coverage required by and otherwise in accordance with the terms of the transaction agreements. N/A 1122(d)(1)(v) Aggregation of information, as applicable, is mathematically accurate and the information conveyed accurately reflects the information. Servicer 1122(d)(2)(i) Payments on pool assets are deposited into the appropriate custodial bank accounts and related bank clearing accounts no more than two business days following receipt, or such other number of days specified in the transaction agreements. Servicer 1122(d)(2)(ii) Disbursements made via wire transfer on behalf of an obligor or to an investor are made only by authorized personnel. N/A for obligor disbursements Servicer 1122(d)(2)(iii) Advances of funds or guarantees regarding collections, cash flows or distributions, and any interest or other fees charged for such advances, are made, reviewed and approved as specified in the transaction agreements. Servicer 1122(d)(2)(iv) The related accounts for the transaction, such as cash reserve accounts or accounts established as a form of overcollateralization, are separately maintained (e.g., with respect to commingling of cash) as set forth in the transaction agreements. Servicer 1122(d)(2)(v) Each custodial account is maintained at a federally insured depository institution as set forth in the transaction agreements. For purposes of this criterion, “federally insured depository institution” with respect to a foreign financial institution means a foreign financial institution that meets the requirements of Rule 13k-1(b)(1) of the Securities Exchange Act. N/A 1122(d)(2)(vi) Unissued checks are safeguarded so as to prevent unauthorized access. N/A 1122(d)(2)(vii) Reconciliations are prepared on a monthly basis for all asset-backed securities related bank accounts, including custodial accounts and related bank clearing accounts. These reconciliations are (A) mathematically accurate; (B) prepared within 30 calendar days after the bank statement cutoff date, or such other number of days specified in the transaction agreements; (C) reviewed and approved by someone other than the person who prepared the reconciliation; and (D) contain explanations for reconciling items. These reconciling items are resolved within 90 calendar days of their original identification, or such other number of days specified in the transaction agreements. Servicer 1122(d)(3)(i) Reports to investors, including those to be filed with the Commission, are maintained in accordance with the transaction agreements and applicable Commission requirements. Specifically, such reports (A) are prepared in accordance with timeframes and other terms set forth in the transaction agreements; (B) provide information calculated in accordance with the terms specified in the transaction agreements; (C) are filed with the Commission as required by its rules and regulations; and (D) agree with investors’ or the trustee’s records as to the total unpaid principal balance and number of pool assets serviced by the Servicer. Servicer 1122(d)(3)(ii) Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other terms set forth in the transaction agreements. Servicer 1122(d)(3)(iii) Disbursements made to an investor are posted within two business days to the Servicer’s investor records, or such other number of days specified in the transaction agreements. Servicer 1122(d)(3)(iv) Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank statements. Servicer 1122(d)(4)(i) Collateral or security on pool assets is maintained as required by the transaction agreements or related pool asset documents. Servicer 1122(d)(4)(ii) Pool assets and related documents are safeguarded as required by the transaction agreements Servicer 1122(d)(4)(iii) Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any conditions or requirements in the transaction agreements. Servicer 1122(d)(4)(iv) Payments on pool assets, including any payoffs, made in accordance with the related pool assets documents are posted to the Servicer’s obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related pool asset documents. Servicer 1122(d)(4)(v) The Servicer’s records regarding the pool assets agree with the Servicer’s records with respect to an obligor’s unpaid principal balance. Servicer 1122(d)(4)(vi) Changes with respect to the terms or status of an obligor's pool assets (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with usual customary procedures. Servicer 1122(d)(4)(vii) Loss mitigation or recovery actions (e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with usual customary procedures. Servicer 1122(d)(4)(viii) Records documenting collection efforts are maintained during the period a pool asset is delinquent in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity’s activities in monitoring delinquent pool assets including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness or unemployment). Servicer 1122(d)(4)(ix) Adjustments to interest rates or rates of return for pool assets with variable rates are computed based on the related pool asset documents. N/A 1122(d)(4)(x) Regarding any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the obligor’s pool asset documents, on at least an annual basis, or such other period specified in the transaction agreements; (B) interest on such funds is paid, or credited, to obligors in accordance with applicable pool asset documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the related pool assets, or such other number of days specified in the transaction agreements. N/A 1122(d)(4)(xi) Payments made on behalf of an obligor (such as tax or insurance payments) are made on or before the related penalty or expiration dates, as indicated on the appropriate bills or notices for such payments, provided that such support has been received by the servicer at least 30 calendar days prior to these dates, or such other number of days specified in the transaction agreements. N/A 1122(d)(4)(xii) Any late payment penalties in connection with any payment to be made on behalf of an obligor are paid from the servicer’s funds and not charged to the obligor, unless the late payment was due to the obligor’s error or omission. N/A 1122(d)(4)(xiii) Disbursements made on b

Appears in 1 contract

Sources: Servicing Supplement (Mercedes-Benz Auto Lease Trust 2016-A)

Appears in 1 contract

Sources: Servicing Supplement (Mercedes-Benz Auto Lease Trust 2023-A)

Model Year. The related ~~2018~~2024-A B Vehicle has a model year between ~~2013~~ 2020 and ~~2017~~ 2024, inclusive. ~~Monthly~~ Mercedes-Benz Auto Lease Trust 2024-B Investor Report Collection Period Ended DD-Mon-YYYY Amounts in USD Collection Period No. # Collection Period (from... to) DD-Mon-YYYY DD-Mon-YYYY Determination Date DD-Mon-YYYY Record Date DD-Mon-YYYY Payment Date DD-Mon-YYYY Interest Period of the Class ~~A-1 Notes (from... to) DD-Mon-YYYY DD-Mon-YYYY Actual/360 Days # Interest Period of the Class ▇-▇~~A-2A, ~~▇-▇~~ A-2B, A-3 and A-4 Notes (from... to) DD-Mon-YYYY DD-Mon-YYYY 30/360 ~~Days~~ Actual/360 # ~~Initial Balance Beginning Balance Ending Balance Principal Payment Principal per $1000 Face Amount Note Factor~~ Class A-1 Notes Class ~~A-2~~ A-2A Notes Class A-2B Notes Class A-3 Notes Class A-4 Notes Total Note Balance $ $ $ $ Overcollateralization present value of lease payments $ $ $ present value of Base Residual Value $ $ $ Amount Percentage Initial Overcollateralization Amount $ % Target Overcollateralization Amount $ % Current Overcollateralization Amount $ % ~~Interest Rate Interest Payment Interest per $1000 Face Amount Interest & Principal Payment Interest & Principal Payment per $1000 Face Amount~~ Class A-1 Notes 0.00% $ $ Class A-2A Notes % $ $ Class ~~A-2~~ A-2B Notes % $ $ Class A-3 Notes % $ $ Class A-4 Notes % $ $ Total $ $ Total $ $ Exchange Note Balance $ $ $ Lease Payments Received $ Net Sales Proceeds-early terminations (including Defaulted Leases) $ Net Sales Proceeds-scheduled terminations $ Excess wear and tear included in Net Sales Proceeds $ Excess mileage included in Net Sales Proceeds $ Repurchase Payments $ Advances made by the Servicer $ Investment Earnings $ Total Available Funds $ (1) Total Servicing Fee and Nonrecoverable Servicer Advances $ (2) Exchange Note Interest Distributable Amount ([__]__%) $ (3) Exchange Note Principal Distributable Amount $ (4) Any amounts by which the sum payable pursuant to Section 8.03(a)(i) through (vii) of the Indenture (or, if applicable, pursuant to Section ~~5.04(b)(i) through~~ 5.04(b)(i)through (vvii) of the Indenture) exceed the sum of the Exchange Note Interest Distributable Amount and the Exchange Note Principal Distributable Amount $ (5) Remaining Funds Payable $ Total Distribution $ Total Exchange Note Payments $ Reserve Account Draw Amount $ (1) Total Trustee Fees and any Asset Representations Reviewer fees (max $250,000 ~~p.a.~~p. a.) $ (2) Interest Distributable Amount Class A A-2A, Class A-2B, Class A-3 and Class A-4 Notes $ (3) Priority Principal Distribution Amount $ (4) To Reserve Fund to reach the Reserve Fund Required Amount $ (5) Regular Principal Distribution Amount $ (6) Additional Servicing Fee and Transition Costs $ (7) Total Trustee Fees and any Asset Representations Reviewer fees [not previously paid under (1)] $ (8) Excess Collections to Certificateholders $ Amount Due Amount Paid Shortfall Total Servicing Fee Total Trustee Fee Monthly Interest Distributable Amount thereof on Class ~~A-1~~ A-2A Notes thereof on Class ~~A-2~~ A-2B Notes thereof on Class A-3 Notes thereof on Class A-4 Notes Interest Carryover Shortfall Amount thereof on Class ~~A-1~~ A-2A Notes thereof on Class ~~A-2~~ A-2B Notes thereof on Class A-3 Notes thereof on Class A-4 Notes Interest Distributable Amount Class A Notes Priority Principal Distribution Amount Regular Principal Distribution Amount Principal Distribution Amount Reserve Fund Required Amount Reserve Fund Amount - Beginning Balance plus top up Reserve Fund up to the Required Amount plus Net Investment Earnings for the Collection Period minus Net Investment Earnings minus Reserve Fund Draw Amount Reserve Fund Amount - Ending Balance Reserve Fund Deficiency Investment Earnings Net Investment Earnings on the Reserve Fund Net Investment Earnings on the Exchange Note Collection Account Investment Earnings for the Collection Period Cutoff Date Securitization Value Securitization Value beginning of Collection Period Principal portion of lease payments Terminations- Early Terminations- Scheduled Repurchase Payment (excluding interest) Gross Losses Securitization Value end of Collection Period Pool Factor % Weighted Average Securitization Rate Weighted Average Remaining Term (months) Weighted Average Seasoning (months) Aggregate Base Residual Value Cumulative Turn-in Ratio Proportion of base prepayment assumption realized life to date Actual lifetime prepayment speed Delinquency ~~Profile Delinquency~~ Profile* Amount ** Number of Leases Percentage Current 31-60 Days Delinquent 61-90 Days Delinquent 91-120 Days Delinquent Total *A lease is not considered delinquent if the amount past due is less than 10% of the payment due under such lease **Based on the actual Securitization Value of the respective “leases" 60+ Delinquent Leases to EOP Aggregate Securitization Value: ____% Delinquency Trigger Occurred? [Y/N] Securitization Value of Defaulted Leases, Beg of Collection Period ~~466~~ Liquidation Proceeds Recoveries Principal Net Credit Loss / (Gain) Current Collection Period Prior Collection Period Second Prior Collection Period Third Prior Collection Period Four Month Average Securitization Value of Liquidated Leases, Beg of Collection Period Sales Proceeds and Other Payments Received Residual Loss / (Gain) Current Collection Period Prior Collection Period Second Prior Collection Period Third Prior Collection Period Four Month Average [The fair value of the Notes and the Certificates on the Closing Date is summarized as follows: The Depositor must retain a percentage interest in the Certificates with a fair value of at least 5% of the aggregate value of the Notes and Certificates, or $[insert dollar amount equal to 5% of the aggregate value of the Notes and Certificates], according to Regulation RR. The undersigned Servicer hereby certifies to _______ and its officers, directors and Affiliates (collectively, the “Certification Parties”) as follows, with the knowledge and intent that the Certification Parties will rely on this Certification in connection with the certification concerning the Issuer to be signed by an officer of the Servicer pursuant to the ▇▇▇▇▇▇▇▇-▇▇▇▇▇ Act of 2002: 1. I have reviewed: (i) the servicer compliance statement of the Servicer provided in the form specified by Item 1123 of Regulation AB (the “Compliance Statement”); (ii) the report on assessment of the Servicer’s compliance with the servicing criteria set forth in Item 1122(d) of Regulation AB (the “Servicing Criteria”), provided in accordance with Rules 13a-18 and 15d-18 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and Item 1122 of Regulation AB (the “Servicing Assessment”); (iii) the registered public accounting firm’s attestation report provided in the form specified by Rules 13a-18 and 15d-18 under the Exchange Act and Section 1122(b) of Regulation AB (the “Attestation Report”); and (iv) all servicing reports, officer’s certificates and other information relating to the servicing of the ~~2018~~2024-A B Leases and ~~2018~~2024-A B Vehicles by the Servicer during 20___ that were delivered by the Servicer to the Indenture Trustee pursuant to the Agreement (collectively, the “Servicing Information”). 2. Based on my knowledge, the Servicing Information, taken as a whole, does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in the light of the circumstances under which such statements were made, not misleading with respect to the period of time covered by the Servicing Information. 3. Based on my knowledge, all of the Servicing Information required to be provided by the Servicer under the Agreement has been provided to the Indenture Trustee. 4. I am responsible for reviewing the activities performed by Mercedes-Benz Financial Services USA LLC, as Servicer (the “Servicer”) under the 2024-B Servicing Supplement, dated as of September 1, 2024 (the “Agreement”), among Mercedes Benz Financial Services USA LLC, as the lender (in such capacity, the “Lender”) and as servicer (in such capacity, the “Servicer”), Mercedes-Benz Vehicle Trust (the “Titling Trust”) and Collateral Title Co., as collateral agent (the “Collateral Agent”), and based on my knowledge and the compliance review conducted in preparing the Compliance Statement and except as disclosed in the Compliance Statement, the Servicing Assessment or the Attestation Report, the Servicer has fulfilled its obligations under the Agreement in all material respects. 5. The Compliance Statement required to be delivered by the Servicer pursuant to the Agreement, and the Servicing Assessment and Attestation Report required to be provided by the Servicer pursuant to the Agreement, have been provided to the Indenture Trustee. Any material instances of noncompliance described in such reports have been disclosed to the Transferor. Any material instance of noncompliance with the Servicing Criteria has been disclosed in such reports. Capitalized terms not otherwise defined herein have the meanings ascribed thereto in the Agreement. MERCEDES-BENZ FINANCIAL SERVICES USA LLC By: Name: Title: The assessment of compliance to be delivered by the Servicer, shall address, at a minimum, the criteria identified as below as “Applicable Servicing Criteria”: 1122(d)(1)(i) Policies and procedures are instituted to monitor any performance or other triggers and events of default in accordance with the transaction agreements. Servicer 1122(d)(1)(ii) If any material servicing activities are outsourced to third parties, policies and procedures are instituted to monitor the third party’s performance and compliance with such servicing activities. Servicer 1122(d)(1)(iii) Any requirements in the transaction agreements to maintain a back-up servicer for the pool assets are maintained. N/A 1122(d)(1)(iv) A fidelity bond and errors and omissions policy is in effect on the party participating in the servicing function throughout the reporting period in the amount of coverage required by and otherwise in accordance with the terms of the transaction agreements. N/A 1122(d)(1)(v) Aggregation of information, as applicable, is mathematically accurate and the information conveyed accurately reflects the information. Servicer 1122(d)(2)(i) Payments on pool assets are deposited into the appropriate custodial bank accounts and related bank clearing accounts no more than two business days following receipt, or such other number of days specified in the transaction agreements. Servicer 1122(d)(2)(ii) Disbursements made via wire transfer on behalf of an obligor or to an investor are made only by authorized personnel. N/A for obligor disbursements Servicer 1122(d)(2)(iii) Advances of funds or guarantees regarding collections, cash flows or distributions, and any interest or other fees charged for such advances, are made, reviewed and approved as specified in the transaction agreements. Servicer 1122(d)(2)(iv) The related accounts for the transaction, such as cash reserve accounts or accounts established as a form of overcollateralization, are separately maintained (e.g., with respect to commingling of cash) as set forth in the transaction agreements. Servicer 1122(d)(2)(v) Each custodial account is maintained at a federally insured depository institution as set forth in the transaction agreements. For purposes of this criterion, “federally insured depository institution” with respect to a foreign financial institution means a foreign financial institution that meets the requirements of Rule 13k-1(b)(1) of the Securities Exchange Act. Indenture Trustee 1122(d)(2)(vi) Unissued checks are safeguarded so as to prevent unauthorized access. N/A 1122(d)(2)(vii) Reconciliations are prepared on a monthly basis for all asset-backed securities related bank accounts, including custodial accounts and related bank clearing accounts. These reconciliations are (A) mathematically accurate; (B) prepared within 30 calendar days after the bank statement cutoff date, or such other number of days specified in the transaction agreements; (C) reviewed and approved by someone other than the person who prepared the reconciliation; and (D) contain explanations for reconciling items. These reconciling items are resolved within 90 calendar days of their original identification, or such other number of days specified in the transaction agreements. Servicer Indenture Trustee 1122(d)(3)(i) Reports to investors, including those to be filed with the Commission, are maintained in accordance with the transaction agreements and applicable Commission requirements. Specifically, such reports (A) are prepared in accordance with timeframes and other terms set forth in the transaction agreements; (B) provide information calculated in accordance with the terms specified in the transaction agreements; (C) are filed with the Commission as required by its rules and regulations; and (D) agree with investors’ or the trustee’s records as to the total unpaid principal balance and number of pool assets serviced by the Servicer. Servicer 1122(d)(3)(ii) Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other terms set forth in the transaction agreements. Servicer Indenture Trustee 1122(d)(3)(iii) Disbursements made to an investor are posted within two business days to the Servicer’s investor records, or such other number of days specified in the transaction agreements. Servicer Indenture Trustee 1122(d)(3)(iv) Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank statements. Servicer Indenture Trustee 1122(d)(4)(i) Collateral or security on pool assets is maintained as required by the transaction agreements or related pool asset documents. Servicer 1122(d)(4)(ii) Pool assets and related documents are safeguarded as required by the transaction agreements Servicer 1122(d)(4)(iii) Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any conditions or requirements in the transaction agreements. Servicer 1122(d)(4)(iv) Payments on pool assets, including any payoffs, made in accordance with the related pool assets documents are posted to the Servicer’s obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related pool asset documents. Servicer 1122(d)(4)(v) The Servicer’s records regarding the pool assets agree with the Servicer’s records with respect to an obligor’s unpaid principal balance. Servicer 1122(d)(4)(vi) Changes with respect to the terms or status of an obligor's pool assets (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with usual customary procedures. Servicer 1122(d)(4)(vii) Loss mitigation or recovery actions (e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with usual customary procedures. Servicer 1122(d)(4)(viii) Records documenting collection efforts are maintained during the period a pool asset is delinquent in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity’s activities in monitoring delinquent pool assets including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness or unemployment). Servicer 1122(d)(4)(ix) Adjustments to interest rates or rates of return for pool assets with variable rates are computed based on the related pool asset documents. N/A 1122(d)(4)(x) Regarding any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the obligor’s pool asset documents, on at least an annual basis, or such other period specified in the transaction agreements; (B) interest on such funds is paid, or credited, to obligors in accordance with applicable pool asset documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the related pool assets, or such other number of days specified in the transaction agreements. N/A 1122(d)(4)(xi) Payments made on behalf of an obligor (such as tax or insurance payments) are made on or before the related penalty or expiration dates, as indicated on the appropriate bills or notices for such payments, provided that such support has been received by the servicer at least 30 calendar days prior to these dates, or such other number of days specified in the tr

Appears in 1 contract

Sources: Servicing Supplement (Mercedes-Benz Auto Lease Trust 2024-B)

Appears in 1 contract

Sources: 2017 a Servicing Supplement (Mercedes-Benz Auto Lease Trust 2017-A)

Model Year. The related ~~2018~~2017-A Vehicle has a model year between 2013 and ~~2017 inclusive~~2017. ~~Monthly~~ Investor Report Collection Period Ended DD-Mon-YYYY Collection Period No. # Collection Period (from... to) DD-Mon-YYYY DD-Mon-YYYY Determination Date DD-Mon-YYYY Record Date DD-Mon-YYYY Payment Date DD-Mon-YYYY Interest Period of the Class A-1 and A-2B Notes (from... to) DD-Mon-YYYY DD-Mon-YYYY Actual/360 Days # Interest Period of the Class ~~▇-▇~~A-2A, ~~▇-▇~~ A-3 and A-4 Notes (from... to) DD-Mon-YYYY DD-Mon-YYYY 30/360 Days # Initial Balance Beginning Balance Ending Balance Principal Payment Principal per $1000 Face Amount Note Factor Class A-1 Notes Class ~~A-2~~ A-2A Notes Class A-2B Notes Class A-3 Notes Class A-4 Notes present value of lease payments $ $ $ present value of Base Residual Value $ $ $ ~~Amount Percentage~~ Initial Overcollateralization Amount $ % Target Overcollateralization Amount $ % Current Overcollateralization Amount $ % ~~Interest Rate Interest Payment Interest per $1000 Face Amount Interest & Principal Payment Interest & Principal Payment per $1000 Face Amount~~ Class A-1 Notes % $ $ Class ~~A-2~~ A-2A Notes % $ $ Class A-2B Notes % $ $ Class A-3 Notes % $ $ Class A-4 Notes % $ $ Lease Payments Received $ Net Sales Proceeds-early terminations (including Defaulted Leases) $ Net Sales Proceeds-scheduled terminations $ Excess wear and tear included in Net Sales Proceeds $ Excess mileage included in Net Sales Proceeds $ Repurchase Payments $ Advances made by the Servicer $ Investment Earnings $ Total Available Funds $ (1) Total Servicing Fee and Nonrecoverable Servicer Advances $ (2) Exchange Note Interest Distributable Amount (~~[__]~~1.70%) $ (3) Exchange Note Principal Distributable Amount $ (4) Any amounts by which the sum payable pursuant to Section 8.03(a)(i) through (vii) of the Indenture (or, if applicable, pursuant to Section ~~5.04(b)(i) through~~ 5.04(b)(i)through (vvii) of the Indenture) exceed the sum of the Exchange Note Interest Distributable Amount and the Exchange Note Principal Distributable Amount $ (5) Remaining Funds Payable $ Total Exchange Note Payments $ Reserve Account Draw Amount $ (1) Total Trustee Fees and any Asset Representations Reviewer fees (max $250,000 p.a.) $ (2) Interest Distributable Amount Class A Notes $ (3) Priority Principal Distribution Amount $ (4) To Reserve Fund to reach the Reserve Fund Required Amount $ (5) Regular Principal Distribution Amount $ (6) Additional Servicing Fee and Transition Costs $ (7) Total Trustee Fees and any Asset Representations Reviewer fees [not previously paid under (1)] $ (8) Excess Collections to Certificateholders $ Total Servicing Fee Total Trustee Fee Monthly Interest Distributable Amount thereof on Class A-1 Notes thereof on Class ~~A-2~~ A-2A Notes thereof on Class A-2B Notes thereof on Class A-3 Notes thereof on Class A-4 Notes Interest Carryover Shortfall Amount thereof on Class A-1 Notes thereof on Class ~~A-2~~ A-2A Notes thereof on Class A-2B Notes thereof on Class A-3 Notes thereof on Class A-4 Notes Interest Distributable Amount Class A Notes Priority Principal Distribution Amount Regular Principal Distribution Amount Principal Distribution Amount Reserve Fund Amount - Beginning Balance plus top up Reserve Fund up to the Required Amount plus Net Investment Earnings for the Collection Period minus Net Investment Earnings minus Reserve Fund Draw Amount Reserve Fund Amount - Ending Balance Reserve Fund Deficiency Investment Earnings Net Investment Earnings on the Reserve Fund Net Investment Earnings on the Exchange Note Collection Account Investment Earnings for the Collection Period Cutoff Date Securitization Value Securitization Value beginning of Collection Period Principal portion of lease payments Terminations- Early Terminations- Scheduled Repurchase Payment (excluding interest) Gross Losses Securitization Value end of Collection Period Pool Factor % As of Cutoff Date Current Weighted Average Securitization Rate Weighted Average Remaining Term (months) Weighted Average Seasoning (months) Aggregate Base Residual Value Cumulative Turn-in Ratio Proportion of base prepayment assumption realized life to date Actual lifetime prepayment speed ~~Delinquency Profile~~ Delinquency Profile* Amount ** Number of Leases Percentage Current 31-60 Days Delinquent 61-90 Days Delinquent 91-120 Days Delinquent Total *A lease is not considered delinquent if the amount past due is less than 10% of the payment due under such lease **Based on the actual Securitization Value of the respective leases" 60+ Delinquent Leases to EOP Aggregate Securitization Value: ___% Delinquency Trigger Occurred? [Y/N] Securitization Value of Defaulted Leases, Beg of Collection Period 466 Liquidation Proceeds Recoveries Principal Net Credit Loss / (Gain) Current Collection Period Prior Collection Period Second Prior Collection Period Third Prior Collection Period Four Month Average Securitization Value of Liquidated Leases, Beg of Collection Period Sales Proceeds and Other Payments Received Residual Loss / (Gain) Current Collection Period Prior Collection Period Second Prior Collection Period Third Prior Collection Period Four Month Average [The fair value of the Notes and the Certificates on the Closing Date is summarized as follows: The Depositor must retain a percentage interest in the Certificates with a fair value of at least 5% of the aggregate value of the Notes and Certificates, or $[insert dollar amount equal to 5% of the aggregate value of the Notes and Certificates], according to Regulation RR. The undersigned Servicer hereby certifies to _______ and its officers, directors and Affiliates (collectively, the “Certification Parties”) as follows, with the knowledge and intent that the Certification Parties will rely on this Certification in connection with the certification concerning the Issuer to be signed by an officer of the Servicer pursuant to the ▇▇▇▇▇▇▇▇-▇▇▇▇▇ Act of 2002: 1. I have reviewed: (i) the servicer compliance statement of the Servicer provided in the form specified by Item 1123 of Regulation AB (the “Compliance Statement”); (ii) the report on assessment of the Servicer’s compliance with the servicing criteria set forth in Item 1122(d) of Regulation AB (the “Servicing Criteria”), provided in accordance with Rules 13a-18 and 15d-18 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and Item 1122 of Regulation AB (the “Servicing Assessment”); (iii) the registered public accounting firm’s attestation report provided in the form specified by Rules 13a-18 and 15d-18 under the Exchange Act and Section 1122(b) of Regulation AB (the “Attestation Report”); and (iv) all servicing reports, officer’s certificates and other information relating to the servicing of the ~~2018~~2017-A Leases and ~~2018~~2017-A Vehicles by the Servicer during 20___ that were delivered by the Servicer to the Indenture Trustee pursuant to the Agreement (collectively, the “Servicing Information”). 2. Based on my knowledge, the Servicing Information, taken as a whole, does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in the light of the circumstances under which such statements were made, not misleading with respect to the period of time covered by the Servicing Information. 3. Based on my knowledge, all of the Servicing Information required to be provided by the Servicer under the Agreement has been provided to the Indenture Trustee. 4. I am responsible for reviewing the activities performed by Mercedes-Benz Financial Services USA LLC, as Servicer (the “Servicer”) under the 2017-A Servicing Supplement, dated as of April 1, 2017 (the “Agreement”), among Mercedes Benz Financial Services USA LLC, as the lender (in such capacity, the “Lender”) and as servicer (in such capacity, the “Servicer”), Daimler Trust (the “Titling Trust”) and Daimler Title Co., as collateral agent (the “Collateral Agent”), and based on my knowledge and the compliance review conducted in preparing the Compliance Statement and except as disclosed in the Compliance Statement, the Servicing Assessment or the Attestation Report, the Servicer has fulfilled its obligations under the Agreement in all material respects. 5. The Compliance Statement required to be delivered by the Servicer pursuant to the Agreement, and the Servicing Assessment and Attestation Report required to be provided by the Servicer pursuant to the Agreement, have been provided to the Indenture Trustee. Any material instances of noncompliance described in such reports have been disclosed to the Transferor. Any material instance of noncompliance with the Servicing Criteria has been disclosed in such reports. Capitalized terms not otherwise defined herein have the meanings ascribed thereto in the Agreement. MERCEDES-BENZ FINANCIAL SERVICES USA LLC By: Name: Title: The assessment of compliance to be delivered by the Servicer, shall address, at a minimum, the criteria identified as below as “Applicable Servicing Criteria”: 1122(d)(1)(i) Policies and procedures are instituted to monitor any performance or other triggers and events of default in accordance with the transaction agreements. Servicer 1122(d)(1)(ii) If any material servicing activities are outsourced to third parties, policies and procedures are instituted to monitor the third party’s performance and compliance with such servicing activities. Servicer 1122(d)(1)(iii) Any requirements in the transaction agreements to maintain a back-up servicer for the pool assets are maintained. N/A 1122(d)(1)(iv) A fidelity bond and errors and omissions policy is in effect on the party participating in the servicing function throughout the reporting period in the amount of coverage required by and otherwise in accordance with the terms of the transaction agreements. 1122(d)(1)(v) Aggregation of information, as applicable, is mathematically accurate and the information conveyed accurately reflects the information. Servicer 1122(d)(2)(i) Payments on pool assets are deposited into the appropriate custodial bank accounts and related bank clearing accounts no more than two business days following receipt, or such other number of days specified in the transaction agreements. Servicer 1122(d)(2)(ii) Disbursements made via wire transfer on behalf of an obligor or to an investor are made only by authorized personnel. N/A for obligor disbursements Servicer 1122(d)(2)(iii) Advances of funds or guarantees regarding collections, cash flows or distributions, and any interest or other fees charged for such advances, are made, reviewed and approved as specified in the transaction agreements. Servicer 1122(d)(2)(iv) The related accounts for the transaction, such as cash reserve accounts or accounts established as a form of Servicer overcollateralization, are separately maintained (e.g., with respect to commingling of cash) as set forth in the transaction agreements. 1122(d)(2)(v) Each custodial account is maintained at a federally insured depository institution as set forth in the transaction agreements. For purposes of this criterion, “federally insured depository institution” with respect to a foreign financial institution means a foreign financial institution that meets the requirements of Rule 13k-1(b)(1) of the Securities Exchange Act. Indenture Trustee 1122(d)(2)(vi) Unissued checks are safeguarded so as to prevent unauthorized access. N/A 1122(d)(2)(vii) Reconciliations are prepared on a monthly basis for all asset-backed securities related bank accounts, including custodial accounts and related bank clearing accounts. These reconciliations are (A) mathematically accurate; (B) prepared within 30 calendar days after the bank statement cutoff date, or such other number of days specified in the transaction agreements; (C) reviewed and approved by someone other than the person who prepared the reconciliation; and (D) contain explanations for reconciling items. These reconciling items are resolved within 90 calendar days of their original identification, or such other number of days specified in the transaction agreements. Servicer Indenture Trustee 1122(d)(3)(i) Reports to investors, including those to be filed with the Commission, are maintained in accordance with the transaction agreements and applicable Commission requirements. Specifically, such reports (A) are prepared in accordance with timeframes and other terms set forth in the transaction agreements; (B) provide information calculated in accordance with the terms specified in the transaction agreements; (C) are filed with the Commission as required by its rules and regulations; and (D) agree with investors’ or the trustee’s records as to the total unpaid principal balance and number of pool assets serviced by the Servicer. Servicer 1122(d)(3)(ii) Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other terms set forth in the transaction agreements. Servicer Indenture Trustee 1122(d)(3)(iii) Disbursements made to an investor are posted within two business days to the Servicer’s investor records, or such other number of days specified in the transaction agreements. Servicer Indenture Trustee 1122(d)(3)(iv) Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank statements. Servicer Indenture Trustee 1122(d)(4)(i) Collateral or security on pool assets is maintained as required by the transaction agreements or related pool asset documents. Servicer 1122(d)(4)(ii) Pool assets and related documents are safeguarded as required by the transaction agreements Servicer 1122(d)(4)(iii) Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any conditions or requirements in the transaction agreements. Servicer 1122(d)(4)(iv) Payments on pool assets, including any payoffs, made in accordance with the related pool assets documents are posted to the Servicer’s obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related pool asset documents. Servicer 1122(d)(4)(v) The Servicer’s records regarding the pool assets agree with the Servicer’s records with respect to an obligor’s unpaid principal balance. Servicer 1122(d)(4)(vi) Changes with respect to the terms or status of an obligor's pool assets (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with usual customary procedures. Servicer 1122(d)(4)(vii) Loss mitigation or recovery actions (e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with usual customary procedures. Servicer 1122(d)(4)(viii) Records documenting collection efforts are maintained during the period a pool asset is delinquent in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity’s activities in monitoring delinquent pool assets including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness or unemployment). Servicer 1122(d)(4)(ix) Adjustments to interest rates or rates of return for pool assets with variable rates are computed based on the related pool N/A asset documents. 1122(d)(4)(x) Regarding any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the obligor’s pool asset documents, on at least an annual basis, or such other period specified in the transaction agreements; (B) interest on such funds is paid, or credited, to obligors in accordance with applicable pool asset documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the related pool assets, or such other number of days specified in the transaction agreements. N/A 1122(d)(4)(xi) Payments made on behalf of an obligor (such as tax or insurance payments) are made on or before the related penalty or expiration dates, as indicated on the appropriate bills or notices for such payments, provided that such support has been received by the servicer at least 30 calendar days prior to these dates, or such other number of days specified in the transaction agreements. N/A 1122(d)(4)(xii) Any l

Appears in 1 contract

Sources: Servicing Supplement (Mercedes-Benz Auto Lease Trust 2017-A)

Model Year. The related ~~2018~~2016-A B Vehicle has a model year between ~~2013~~ 2012 and ~~2017~~ 2017, inclusive. ~~Monthly~~ B-3 EXHIBIT C Investor Report Collection Period Ended DD-Mon-YYYY ` Amounts in USD Dates Collection Period No. # Collection Period (from... to) DD-Mon-YYYY DD-Mon-YYYY Determination Date DD-Mon-YYYY Record Date DD-Mon-YYYY Payment Date DD-Mon-YYYY Interest Period of the Class A-1 ~~Notes~~ (from... to) DD-Mon-YYYY DD-Mon-YYYY Actual/360 Days # Interest Period of the Class ~~▇-▇~~A-2, ~~▇-▇~~ A-3 and A-4 Notes (from... to) DD-Mon-YYYY DD-Mon-YYYY 30/360 Days # Summary Initial ~~Balance~~ Beginning ~~Balance~~ Ending ~~Balance~~ Principal ~~Payment~~ Principal per $1000 Note Balance Balance Balance Payment Face Amount ~~Note~~ Factor Class A-1 Notes Class A-2 Notes Class A-3 Notes Class A-4 Notes Total Note Balance $ $ $ $ Overcollateralization C-1 Total Securitization Value $ $ $ present value of lease payments $ $ $ present value of Base Residual Value $ $ $ Amount Percentage Initial Overcollateralization Amount $ % Target Overcollateralization Amount $ % Current Overcollateralization Amount $ % Interest Rate Interest Payment Interest per $1000 Face Amount Interest & Principal Payment Interest & Principal Payment per $1000 Face Amount Class A-1 Notes % $ $ Class A-2 Notes % $ $ Class A-3 Notes % $ $ Class A-4 Notes % $ $ Total $ $ Total $ $ Initial Balance Beginning Balance Ending Balance Exchange Note Balance $ $ $ Lease Payments Received $ Net Sales Proceeds-early terminations (including Defaulted Leases) $ Net Sales Proceeds-scheduled terminations $ Excess wear and tear included in Net Sales Proceeds $ Excess mileage included in Net Sales Proceeds $ Repurchase Payments $ Advances made by the Servicer $ Investment Earnings $ Total Available Funds $$ Distribution on the Exchange Note (1) Total Servicing Fee and Nonrecoverable Servicer Advances $ (2) Exchange Note Interest Distributable Amount (~~[__]~~1.70%) $ (3) Exchange Note Principal Distributable Amount $ (4) Any amounts by which the sum payable pursuant to Section ~~8.03(a)(i~~8.03 (a) (i) through (vii) of the Indenture (or, if applicable, pursuant to Section ~~5.04(b)(i) through~~ 5.04(b)(i)through (vvii) of the Indenture) exceed the sum of the Exchange Note Interest Distributable Amount and the Exchange Note Principal Distributable Amount $ (5) Remaining Funds Payable $ Total Distribution $ Total Exchange Note Payments $ Reserve Account Draw Amount $ Total Available Funds $ (1) Total Trustee Fees and any Asset Representations Reviewer fees (max $250,000 p.a.) $ (2) Interest Distributable Amount Class A Notes $ (3) Priority Principal Distribution Amount $ (4) To Reserve Fund to reach the Reserve Fund Required Amount $ (5) Regular Principal Distribution Amount $ (6) Additional Servicing Fee and Transition Costs $ (7) Total Trustee Fees and any Asset Representations Reviewer fees [not previously paid under (1)] $ (8) Excess Collections to Certificateholders $ Total Distribution Amount Due Amount Paid Shortfall Total Servicing Fee Total Trustee Fee Monthly Interest Distributable Amount thereof on Class A-1 Notes thereof on Class A-2 Notes thereof on Class A-3 Notes thereof on Class A-4 Notes Interest Carryover Shortfall Amount thereof on Class A-1 Notes thereof on Class A-2 Notes thereof on Class A-3 Notes thereof on Class A-4 Notes Interest Distributable Amount Class A Notes Priority Principal Distribution Amount Regular Principal Distribution Amount Principal Distribution Amount Reserve Fund Amount - Beginning Balance plus top up Reserve Fund up to the Required Amount plus Net Investment Earnings for the Collection Period minus Net Investment Earnings minus Reserve Fund Draw Amount Reserve Fund Amount - Ending Balance Reserve Fund Deficiency Investment Earnings Net Investment Earnings on the Reserve Fund Net Investment Earnings on the Exchange Note Collection Account Investment Earnings for the Collection Period Cutoff Date Securitization Value Securitization Value beginning of Collection Period Principal portion of lease payments Terminations- Early Terminations- Scheduled Repurchase Payment (excluding interest) Gross Losses Securitization Value end of Collection Period Pool Factor % Weighted Average Securitization Rate Weighted Average Remaining Term (months) Weighted Average Seasoning (months) Aggregate Base Residual Value Cumulative Turn-in Ratio Proportion of base prepayment assumption realized life to date Actual lifetime prepayment speed Delinquency Profile Delinquency Profile* Amount ** Number of Leases Percentage Current 31-60 Days Delinquent 61-90 Days Delinquent 91-120 Days Delinquent Total *A lease is not considered delinquent if the amount past due is less than 10% of the payment due under such lease **Based on the actual Securitization Value of the respective leases" 60+ Delinquent Leases to EOP Aggregate Securitization Value: ___% Delinquency Trigger Occurred? [Y/N] Securitization Value of Defaulted Leases, Beg of Collection Period 466 Liquidation Proceeds Recoveries Principal Net Credit Loss / (Gain) Current Collection Period Prior Collection Period Second Prior Collection Period Third Prior Collection Period Four Month Average Securitization Value of Liquidated Leases, Beg of Collection Period Sales Proceeds and Other Payments Received Residual Loss / (Gain) Current Collection Period Prior Collection Period Second Prior Collection Period Third Prior Collection Period Four Month Average [The fair value of the Notes and the Certificates on the Closing Date is summarized as follows: The Depositor must retain a percentage interest in the Certificates with a fair value of at least 5% of the aggregate value of the Notes and Certificates, or $[insert dollar amount equal to 5% of the aggregate value of the Notes and Certificates], according to Regulation RR. The undersigned Servicer hereby certifies to _______ and its officers, directors and Affiliates (collectively, the “Certification Parties”) as follows, with the knowledge and intent that the Certification Parties will rely on this Certification in connection with the certification concerning the Issuer to be signed by an officer of the Servicer pursuant to the ▇▇▇▇▇▇▇▇-▇▇▇▇▇ Act of 2002: 1. I have reviewed: (i) the servicer compliance statement of the Servicer provided in the form specified by Item 1123 of Regulation AB (the “Compliance Statement”); (ii) the report on assessment of the Servicer’s compliance with the servicing criteria set forth in Item 1122(d) of Regulation AB (the “Servicing Criteria”), provided in accordance with Rules 13a-18 and 15d-18 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and Item 1122 of Regulation AB (the “Servicing Assessment”); (iii) the registered public accounting firm’s attestation report provided in the form specified by Rules 13a-18 and 15d-18 under the Exchange Act and Section 1122(b) of Regulation AB (the “Attestation Report”); and (iv) all servicing reports, officer’s certificates and other information relating to the servicing of the 2018-A Leases and 2018-A Vehicles by the Servicer during 20___ that were delivered by the Servicer to the Indenture Trustee pursuant to the Agreement (collectively, the “Servicing Information”).Notes

Appears in 1 contract

Sources: Servicing Supplement

Model Year. The related ~~2018-A~~ 20[__]-[_] Vehicle has a model year between ~~2013~~ 20[__] and ~~2017~~ 20[__], inclusive. ~~Monthly~~ Mercedes-Benz Auto Lease Trust 20[__]-[_] Investor Report Collection Period Ended DD-Mon-YYYY Amounts in USD Collection Period No. # Collection Period (from... to) DD-Mon-YYYY DD-Mon-YYYY Determination Date DD-Mon-YYYY Record Date DD-Mon-YYYY Payment Date DD-Mon-YYYY Interest Period of the Class A-1 Notes ~~(from~~[Floating Rate](from... to) DD-Mon-YYYY DD-Mon-YYYY Actual/360 Days # Interest Period of the Class ▇-▇, ▇-▇ and A-4 Notes (from... to) DD-Mon-YYYY DD-Mon-YYYY 30/360 Days # ~~Initial Balance Beginning Balance Ending Balance Principal Payment Principal per $1000 Face Amount Note Factor~~ Class A-1 Notes Class ~~A-2~~ A-2A Notes Class A-2B Notes Class A-3 Notes Class A-4 Notes [Class B Notes] Overcollateralization present value of lease payments $ $ $ present value of Base Residual Value $ $ $ ~~Amount Percentage~~ Initial Overcollateralization Amount $ % Target Overcollateralization Amount $ % Current Overcollateralization Amount $ % ~~Interest Rate Interest Payment Interest per $1000 Face Amount Interest & Principal Payment Interest & Principal Payment per $1000 Face Amount~~ Class A-1 Notes % $ $ Class ~~A-2~~ A-2[A] Notes % $ $ [Class A-2B Notes % $ $] Class A-3 Notes % $ $ Class A-4 Notes % $ $ Class B Notes % $ $ Lease Payments Received $ Net Sales Proceeds-early terminations (including Defaulted Leases) $ Net Sales Proceeds-scheduled terminations $ Excess wear and tear included in Net Sales Proceeds $ Excess mileage included in Net Sales Proceeds $ Repurchase Payments $ Advances made by the Servicer $ Investment Earnings $ Total Available Funds $ (1) Total Servicing Fee and Nonrecoverable Servicer Advances $ (2) Exchange Note Interest Distributable Amount ([__]__%) $ (3) Exchange Note Principal Distributable Amount $ (4) Any amounts by which the sum payable pursuant to Section 8.03(a)(i) through (vii) of the Indenture (or, if applicable, pursuant to Section ~~5.04(b)(i) through~~ 5.04(b)(i)through (vvii) of the Indenture) exceed the sum of the Exchange Note Interest Distributable Amount and the Exchange Note Principal Distributable Amount $ (5) Remaining Funds Payable $ Total Exchange Note Payments $ Reserve Account Draw Amount $ (1) Total Trustee Fees and any Asset Representations Reviewer fees (max $~~250,000~~ [●] p.a.) $ (2) Interest Distributable Amount Class A Notes $ (3) Priority Principal Distribution Amount $ (4) To Reserve Fund to reach the Reserve Fund Required Amount $ (5) Regular Principal Distribution Amount $ (6) Additional Servicing Fee and Transition Costs $ (7) Total Trustee Fees and any Asset Representations Reviewer fees [not previously paid under (1)] $ (8) Excess Collections to Certificateholders $ Amount Due Amount Paid Shortfall Total Servicing Fee Total Trustee Fee Monthly Interest Distributable Amount thereof on Class A-1 Notes thereof on Class ~~A-2~~ A-2A Notes thereof on Class A-2B Notes thereof on Class A-3 Notes thereof on Class A-4 Notes thereof on Class B Notes Interest Carryover Shortfall Amount thereof on Class A-1 Notes thereof on Class ~~A-2~~ A-2A Notes thereof on Class A-2B Notes thereof on Class A-3 Notes thereof on Class A-4 Notes thereof on Class B Notes Interest Distributable Amount Class A [__]Notes Priority Principal Distribution Amount Regular Principal Distribution Amount Principal Distribution Amount Reserve Fund Required Amount Reserve Fund Amount - Beginning Balance plus top up Reserve Fund up to the Required Amount plus Net Investment Earnings for the Collection Period minus Net Investment Earnings minus Reserve Fund Draw Amount Reserve Fund Amount - Ending Balance Reserve Fund Deficiency Investment Earnings Net Investment Earnings on the Reserve Fund Net Investment Earnings on the Exchange Note Collection Account Investment Earnings for the Collection Period Cutoff Date Securitization Value Securitization Value beginning of Collection Period Principal portion of lease payments Terminations- Early Terminations- Scheduled Repurchase Payment (excluding interest) Gross Losses Securitization Value end of Collection Period Pool Factor % Weighted Average Securitization Rate Weighted Average Remaining Term (months) Weighted Average Seasoning (months) Aggregate Base Residual Value Cumulative Turn-in Ratio Proportion of base prepayment assumption realized life to date Actual lifetime prepayment speed Delinquency ~~Profile Delinquency~~ Profile* Amount ** Number of Leases Percentage Current 31-60 Days Delinquent 61-90 Days Delinquent 91-120 Days Delinquent Total *A lease is not considered delinquent if the amount past due is less than 10% of the payment due under such lease **Based on the actual Securitization Value of the respective leases" ” 60+ Delinquent Leases to EOP Aggregate Securitization Value: ~~___~~[●]% Delinquency Trigger Occurred? [Y/N] Securitization Value of Defaulted Leases, Beg of Collection Period ~~466~~ Liquidation Proceeds Recoveries Principal Net Credit Loss / (Gain) Current Collection Period Prior Collection Period Second Prior Collection Period Third Prior Collection Period Four Month Average Securitization Value of Liquidated Leases, Beg of Collection Period Sales Proceeds and Other Payments Received Residual Loss / (Gain) Current Collection Period Prior Collection Period Second Prior Collection Period Third Prior Collection Period Four Month Average [The fair value of the Notes and the Certificates on the Closing Date is summarized as follows: The Depositor must retain a percentage interest in the Certificates with a fair value of at least 5% of the aggregate value of the Notes and Certificates, or $[insert dollar amount equal to 5% of the aggregate value of the Notes and Certificates], according to Regulation RR. The undersigned Servicer hereby certifies to _______ and its officers, directors and Affiliates (collectively, the “Certification Parties”) as follows, with the knowledge and intent that the Certification Parties will rely on this Certification in connection with the certification concerning the Issuer to be signed by an officer of the Servicer pursuant to the ▇▇▇▇▇▇▇▇-▇▇▇▇▇ Act of 2002: 1. I have reviewed: (i) the servicer compliance statement of the Servicer provided in the form specified by Item 1123 of Regulation AB (the “Compliance Statement”); (ii) the report on assessment of the Servicer’s compliance with the servicing criteria set forth in Item 1122(d) of Regulation AB (the “Servicing Criteria”), provided in accordance with Rules 13a-18 and 15d-18 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and Item 1122 of Regulation AB (the “Servicing Assessment”); (iii) the registered public accounting firm’s attestation report provided in the form specified by Rules 13a-18 and 15d-18 under the Exchange Act and Section 1122(b) of Regulation AB (the “Attestation Report”); and (iv) all servicing reports, officer’s certificates and other information relating to the servicing of the ~~2018-A~~ 20[__]-[_] Leases and ~~2018-A~~ 20[__]-[_] Vehicles by the Servicer during 20___ that were delivered by the Servicer to the Indenture Trustee pursuant to the Agreement (collectively, the “Servicing Information”). 2. Based on my knowledge, the Servicing Information, taken as a whole, does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in the light of the circumstances under which such statements were made, not misleading with respect to the period of time covered by the Servicing Information. 3. Based on my knowledge, all of the Servicing Information required to be provided by the Servicer under the Agreement has been provided to the Indenture Trustee. 4. I am responsible for reviewing the activities performed by Mercedes-Benz Financial Services USA LLC, as Servicer (the “Servicer”) under the 20[__]-[_] Servicing Supplement, dated as of [_______ _], 20[__] (the “Agreement”), among Mercedes Benz Financial Services USA LLC, as the lender (in such capacity, the “Lender”) and as servicer (in such capacity, the “Servicer”), Daimler Trust (the “Titling Trust”) and Daimler Title Co., as collateral agent (the “Collateral Agent”), and based on my knowledge and the compliance review conducted in preparing the Compliance Statement and except as disclosed in the Compliance Statement, the Servicing Assessment or the Attestation Report, the Servicer has fulfilled its obligations under the Agreement in all material respects. 5. The Compliance Statement required to be delivered by the Servicer pursuant to the Agreement, and the Servicing Assessment and Attestation Report required to be provided by the Servicer pursuant to the Agreement, have been provided to the Indenture Trustee. Any material instances of noncompliance described in such reports have been disclosed to the Transferor. Any material instance of noncompliance with the Servicing Criteria has been disclosed in such reports. Capitalized terms not otherwise defined herein have the meanings ascribed thereto in the Agreement. MERCEDES-BENZ FINANCIAL SERVICES USA LLC By: Name: Title: The assessment of compliance to be delivered by the Servicer, shall address, at a minimum, the criteria identified as below as “Applicable Servicing Criteria”: 1122(d)(1)(i) Policies and procedures are instituted to monitor any performance or other triggers and events of default in accordance with the transaction agreements. Servicer 1122(d)(1)(ii) If any material servicing activities are outsourced to third parties, policies and procedures are instituted to monitor the third party’s performance and compliance with such servicing activities. Servicer 1122(d)(1)(iii) Any requirements in the transaction agreements to maintain a back-up servicer for the pool assets are maintained. N/A 1122(d)(1)(iv) A fidelity bond and errors and omissions policy is in effect on the party participating in the servicing function throughout the reporting period in the amount of coverage required by and otherwise in accordance with the terms of the transaction agreements. 1122(d)(1)(v) Aggregation of information, as applicable, is mathematically accurate and the information conveyed accurately reflects the information. Servicer 1122(d)(2)(i) Payments on pool assets are deposited into the appropriate custodial bank accounts and related bank clearing accounts no more than two business days following receipt, or such other number of days specified in the transaction agreements. Servicer 1122(d)(2)(ii) Disbursements made via wire transfer on behalf of an obligor or to an investor are made only by authorized personnel. N/A for obligor disbursements Servicer 1122(d)(2)(iii) Advances of funds or guarantees regarding collections, cash flows or distributions, and any interest or other fees charged for such advances, are made, reviewed and approved as specified in the transaction agreements. Servicer 1122(d)(2)(iv) The related accounts for the transaction, such as cash reserve accounts or accounts established as a form of overcollateralization, are separately maintained (e.g., with respect to commingling of cash) as set forth in the transaction agreements. Servicer 1122(d)(2)(v) Each custodial account is maintained at a federally insured depository institution as set forth in the transaction agreements. For purposes of this criterion, “federally insured depository institution” with respect to a foreign financial institution means a foreign financial institution that meets the requirements of Rule 13k-1(b)(1) of the Securities Exchange Act. Indenture Trustee 1122(d)(2)(vi) Unissued checks are safeguarded so as to prevent unauthorized access. N/A 1122(d)(2)(vii) Reconciliations are prepared on a monthly basis for all asset-backed securities related bank accounts, including custodial accounts and related bank clearing accounts. These reconciliations are (A) mathematically accurate; (B) prepared within 30 calendar days after the bank statement cutoff date, or such other number of days specified in the transaction agreements; (C) reviewed and approved by someone other than the person who prepared the reconciliation; and (D) contain explanations for reconciling items. These reconciling items are resolved within 90 calendar days of their original identification, or such other number of days specified in the transaction agreements. Servicer Indenture Trustee 1122(d)(3)(i) Reports to investors, including those to be filed with the Commission, are maintained in accordance with the transaction agreements and applicable Commission requirements. Specifically, such reports (A) are prepared in accordance with timeframes and other terms set forth in the transaction agreements; (B) provide information calculated in accordance with the terms specified in the transaction agreements; (C) are filed with the Commission as required by its rules and regulations; and (D) agree with investors’ or the trustee’s records as to the total unpaid principal balance and number of pool assets serviced by the Servicer. Servicer 1122(d)(3)(ii) Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other terms set forth in the transaction agreements. Servicer Indenture Trustee 1122(d)(3)(iii) Disbursements made to an investor are posted within two business days to the Servicer’s investor records, or such other number of days specified in the transaction agreements. Servicer Indenture Trustee 1122(d)(3)(iv) Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank statements. Servicer Indenture Trustee 1122(d)(4)(i) Collateral or security on pool assets is maintained as required by the transaction agreements or related pool asset documents. Servicer 1122(d)(4)(ii) Pool assets and related documents are safeguarded as required by the transaction agreements Servicer 1122(d)(4)(iii) Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any conditions or requirements in the transaction agreements. Servicer 1122(d)(4)(iv) Payments on pool assets, including any payoffs, made in accordance with the related pool assets documents are posted to the Servicer’s obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related pool asset documents. Servicer 1122(d)(4)(v) The Servicer’s records regarding the pool assets agree with the Servicer’s records with respect to an obligor’s unpaid principal balance. Servicer 1122(d)(4)(vi) Changes with respect to the terms or status of an obligor’s pool assets (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with usual customary procedures. Servicer 1122(d)(4)(vii) Loss mitigation or recovery actions (e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with usual customary procedures. Servicer 1122(d)(4)(viii) Records documenting collection efforts are maintained during the period a pool asset is delinquent in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity’s activities in monitoring delinquent pool assets including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness or unemployment). Servicer 1122(d)(4)(ix) Adjustments to interest rates or rates of return for pool assets with variable rates are computed based on the related pool asset documents. N/A Reference Criteria Applicable Servicing Criteria Responsible Party 1122(d)(4)(x) Regarding any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the obligor’s pool asset documents, on at least an annual basis, or such other period specified in the transaction agreements; (B) interest on such funds is paid, or credited, to obligors in accordance with applicable pool asset documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the related pool assets, or such other number of days specified in the transaction agreements. N/A 1122(d)(4)(xi) Payments made on behalf of an obligor (such as tax or insurance payments) are made on or before the related penalty or expiration dates, as indicated on the appropriate bills or notices for such payments, provide

Appears in 1 contract

Sources: Servicing Supplement (Daimler Trust)

Model Year. The related ~~2018~~2024-A B Vehicle has a model year between ~~2013~~ 2020 and ~~2017~~ 2024, inclusive. ~~Monthly~~ Mercedes-Benz Auto Lease Trust 2024-B Investor Report Collection Period Ended DD-Mon-YYYY Amounts in USD Collection Period No. # Collection Period (from... to) DD-Mon-YYYY DD-Mon-YYYY Determination Date DD-Mon-YYYY Record Date DD-Mon-YYYY Payment Date DD-Mon-YYYY Interest Period of the Class ~~A-1 Notes (from... to) DD-Mon-YYYY DD-Mon-YYYY Actual/360 Days # Interest Period of the Class ▇-▇~~A-2A, ~~▇-▇~~ A-2B, A-3 and A-4 Notes (from... to) DD-Mon-YYYY DD-Mon-YYYY 30/360 ~~Days~~ Actual/360 # ~~Initial Balance Beginning Balance Ending Balance Principal Payment Principal per $1000 Face Amount Note Factor~~ Class A-1 Notes Class ~~A-2~~ A-2A Notes Class A-2B Notes Class A-3 Notes Class A-4 Notes Total Note Balance $ $ $ $ Overcollateralization present value of lease payments $ $ $ present value of Base Residual Value $ $ $ Amount Percentage Initial Overcollateralization Amount $ % Target Overcollateralization Amount $ % Current Overcollateralization Amount $ % ~~Interest Rate Interest Payment Interest per $1000 Face Amount Interest & Principal Payment Interest & Principal Payment per $1000 Face Amount~~ Class A-1 Notes 0.00% $ $ Class A-2A Notes % $ $ Class ~~A-2~~ A-2B Notes % $ $ Class A-3 Notes % $ $ Class A-4 Notes % $ $ Total $ $ Total $ $ Exchange Note Balance $ $ $ Lease Payments Received $ Net Sales Proceeds-early terminations (including Defaulted Leases) $ Net Sales Proceeds-scheduled terminations $ Excess wear and tear included in Net Sales Proceeds $ Excess mileage included in Net Sales Proceeds $ Repurchase Payments $ Advances made by the Servicer $ Investment Earnings $ Total Available Funds $ (1) Total Servicing Fee and Nonrecoverable Servicer Advances $ (2) Exchange Note Interest Distributable Amount ([__]__%) $ (3) Exchange Note Principal Distributable Amount $ (4) Any amounts by which the sum payable pursuant to Section 8.03(a)(i) through (vii) of the Indenture (or, if applicable, pursuant to Section ~~5.04(b)(i) through~~ 5.04(b)(i)through (vvii) of the Indenture) exceed the sum of the Exchange Note Interest Distributable Amount and the Exchange Note Principal Distributable Amount $ (5) Remaining Funds Payable $ Total Distribution $ Total Exchange Note Payments $ Reserve Account Draw Amount $ (1) Total Trustee Fees and any Asset Representations Reviewer fees (max $250,000 ~~p.a.~~p. a.) $ (2) Interest Distributable Amount Class A A-2A, Class A-2B, Class A-3 and Class A-4 Notes $ (3) Priority Principal Distribution Amount $ (4) To Reserve Fund to reach the Reserve Fund Required Amount $ (5) Regular Principal Distribution Amount $ (6) Additional Servicing Fee and Transition Costs $ (7) Total Trustee Fees and any Asset Representations Reviewer fees [not previously paid under (1)] $ (8) Excess Collections to Certificateholders $ Amount Due Amount Paid Shortfall Total Servicing Fee Total Trustee Fee Monthly Interest Distributable Amount thereof on Class ~~A-1~~ A-2A Notes thereof on Class ~~A-2~~ A-2B Notes thereof on Class A-3 Notes thereof on Class A-4 Notes Interest Carryover Shortfall Amount thereof on Class ~~A-1~~ A-2A Notes thereof on Class ~~A-2~~ A-2B Notes thereof on Class A-3 Notes thereof on Class A-4 Notes Interest Distributable Amount Class A Notes Priority Principal Distribution Amount Regular Principal Distribution Amount Principal Distribution Amount Reserve Fund Required Amount Reserve Fund Amount - Beginning Balance plus top up Reserve Fund up to the Required Amount plus Net Investment Earnings for the Collection Period minus Net Investment Earnings minus Reserve Fund Draw Amount Reserve Fund Amount - Ending Balance Reserve Fund Deficiency Investment Earnings Net Investment Earnings on the Reserve Fund Net Investment Earnings on the Exchange Note Collection Account Investment Earnings for the Collection Period Cutoff Date Securitization Value Securitization Value beginning of Collection Period Principal portion of lease payments Terminations- Early Terminations- Scheduled Repurchase Payment (excluding interest) Gross Losses Securitization Value end of Collection Period Pool Factor % Weighted Average Securitization Rate Weighted Average Remaining Term (months) Weighted Average Seasoning (months) Aggregate Base Residual Value Cumulative Turn-in Ratio Proportion of base prepayment assumption realized life to date Actual lifetime prepayment speed Delinquency ~~Profile Delinquency~~ Profile* Amount ** Number of Leases Percentage Current 31-60 Days Delinquent 61-90 Days Delinquent 91-120 Days Delinquent Total *A lease is not considered delinquent if the amount past due is less than 10% of the payment due under such lease **Based on the actual Securitization Value of the respective “leases" 60+ Delinquent Leases to EOP Aggregate Securitization Value: ____% Delinquency Trigger Occurred? [Y/N] Securitization Value of Defaulted Leases, Beg of Collection Period ~~466~~ Liquidation Proceeds Recoveries Principal Net Credit Loss / (Gain) Current Collection Period Prior Collection Period Second Prior Collection Period Third Prior Collection Period Four Month Average Securitization Value of Liquidated Leases, Beg of Collection Period Sales Proceeds and Other Payments Received Residual Loss / (Gain) Current Collection Period Prior Collection Period Second Prior Collection Period Third Prior Collection Period Four Month Average [The fair value of the Notes and the Certificates on the Closing Date is summarized as follows: The Depositor must retain a percentage interest in the Certificates with a fair value of at least 5% of the aggregate value of the Notes and Certificates, or $[insert dollar amount equal to 5% of the aggregate value of the Notes and Certificates], according to Regulation RR. The undersigned Servicer hereby certifies to _______ and its officers, directors and Affiliates (collectively, the “Certification Parties”) as follows, with the knowledge and intent that the Certification Parties will rely on this Certification in connection with the certification concerning the Issuer to be signed by an officer of the Servicer pursuant to the ~~▇▇▇▇▇▇▇▇~~Sarbanes-~~▇▇▇▇▇~~ Oxley Act of 2002: 1. I have reviewed: (i) the servicer compliance statement of the Servicer provided in the form specified by Item 1123 of Regulation AB (the “Compliance Statement”); (ii) the report on assessment of the Servicer’s compliance with the servicing criteria set forth in Item 1122(d) of Regulation AB (the “Servicing Criteria”), provided in accordance with Rules 13a-18 and 15d-18 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and Item 1122 of Regulation AB (the “Servicing Assessment”); (iii) the registered public accounting firm’s attestation report provided in the form specified by Rules 13a-18 and 15d-18 under the Exchange Act and Section 1122(b) of Regulation AB (the “Attestation Report”); and (iv) all servicing reports, officer’s certificates and other information relating to the servicing of the ~~2018~~2024-A B Leases and ~~2018~~2024-A B Vehicles by the Servicer during 20___ that were delivered by the Servicer to the Indenture Trustee pursuant to the Agreement (collectively, the “Servicing Information”). 2. Based on my knowledge, the Servicing Information, taken as a whole, does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in the light of the circumstances under which such statements were made, not misleading with respect to the period of time covered by the Servicing Information. 3. Based on my knowledge, all of the Servicing Information required to be provided by the Servicer under the Agreement has been provided to the Indenture Trustee. 4. I am responsible for reviewing the activities performed by Mercedes-Benz Financial Services USA LLC, as Servicer (the “Servicer”) under the 2024-B Servicing Supplement, dated as of September 1, 2024 (the “Agreement”), among Mercedes Benz Financial Services USA LLC, as the lender (in such capacity, the “Lender”) and as servicer (in such capacity, the “Servicer”), Mercedes-Benz Vehicle Trust (the “Titling Trust”) and Collateral Title Co., as collateral agent (the “Collateral Agent”), and based on my knowledge and the compliance review conducted in preparing the Compliance Statement and except as disclosed in the Compliance Statement, the Servicing Assessment or the Attestation Report, the Servicer has fulfilled its obligations under the Agreement in all material respects. 5. The Compliance Statement required to be delivered by the Servicer pursuant to the Agreement, and the Servicing Assessment and Attestation Report required to be provided by the Servicer pursuant to the Agreement, have been provided to the Indenture Trustee. Any material instances of noncompliance described in such reports have been disclosed to the Transferor. Any material instance of noncompliance with the Servicing Criteria has been disclosed in such reports. Capitalized terms not otherwise defined herein have the meanings ascribed thereto in the Agreement. MERCEDES-BENZ FINANCIAL SERVICES USA LLC By: Name: Title: The assessment of compliance to be delivered by the Servicer, shall address, at a minimum, the criteria identified as below as “Applicable Servicing Criteria”: 1122(d)(1)(i) Policies and procedures are instituted to monitor any performance or other triggers and events of default in accordance with the transaction agreements. Servicer 1122(d)(1)(ii) If any material servicing activities are outsourced to third parties, policies and procedures are instituted to monitor the third party’s performance and compliance with such servicing activities. Servicer 1122(d)(1)(iii) Any requirements in the transaction agreements to maintain a back-up servicer for the pool assets are maintained. N/A 1122(d)(1)(iv) A fidelity bond and errors and omissions policy is in effect on the party participating in the servicing function throughout the reporting period in the amount of coverage required by and otherwise in accordance with the terms of the transaction agreements. N/A 1122(d)(1)(v) Aggregation of information, as applicable, is mathematically accurate and the information conveyed accurately reflects the information. Servicer 1122(d)(2)(i) Payments on pool assets are deposited into the appropriate custodial bank accounts and related bank clearing accounts no more than two business days following receipt, or such other number of days specified in the transaction agreements. Servicer 1122(d)(2)(ii) Disbursements made via wire transfer on behalf of an obligor or to an investor are made only by authorized personnel. N/A for obligor disbursements Servicer 1122(d)(2)(iii) Advances of funds or guarantees regarding collections, cash flows or distributions, and any interest or other fees charged for such advances, are made, reviewed and approved as specified in the transaction agreements. Servicer 1122(d)(2)(iv) The related accounts for the transaction, such as cash reserve accounts or accounts established as a form of overcollateralization, are separately maintained (e.g., with respect to commingling of cash) as set forth in the transaction agreements. Servicer 1122(d)(2)(v) Each custodial account is maintained at a federally insured depository institution as set forth in the transaction agreements. For purposes of this criterion, “federally insured depository institution” with respect to a foreign financial institution means a foreign financial institution that meets the requirements of Rule 13k-1(b)(1) of the Securities Exchange Act. Indenture Trustee 1122(d)(2)(vi) Unissued checks are safeguarded so as to prevent unauthorized access. N/A 1122(d)(2)(vii) Reconciliations are prepared on a monthly basis for all asset-backed securities related bank accounts, including custodial accounts and related bank clearing accounts. These reconciliations are (A) mathematically accurate; (B) prepared within 30 calendar days after the bank statement cutoff date, or such other number of days specified in the transaction agreements; (C) reviewed and approved by someone other than the person who prepared the reconciliation; and (D) contain explanations for reconciling items. These reconciling items are resolved within 90 calendar days of their original identification, or such other number of days specified in the transaction agreements. Servicer Indenture Trustee 1122(d)(3)(i) Reports to investors, including those to be filed with the Commission, are maintained in accordance with the transaction agreements and applicable Commission requirements. Specifically, such reports (A) are prepared in accordance with timeframes and other terms set forth in the transaction agreements; (B) provide information calculated in accordance with the terms specified in the transaction agreements; (C) are filed with the Commission as required by its rules and regulations; and (D) agree with investors’ or the trustee’s records as to the total unpaid principal balance and number of pool assets serviced by the Servicer. Servicer 1122(d)(3)(ii) Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other terms set forth in the transaction agreements. Servicer Indenture Trustee 1122(d)(3)(iii) Disbursements made to an investor are posted within two business days to the Servicer’s investor records, or such other number of days specified in the transaction agreements. Servicer Indenture Trustee 1122(d)(3)(iv) Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank statements. Servicer Indenture Trustee 1122(d)(4)(i) Collateral or security on pool assets is maintained as required by the transaction agreements or related pool asset documents. Servicer 1122(d)(4)(ii) Pool assets and related documents are safeguarded as required by the transaction agreements Servicer 1122(d)(4)(iii) Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any conditions or requirements in the transaction agreements. Servicer 1122(d)(4)(iv) Payments on pool assets, including any payoffs, made in accordance with the related pool assets documents are posted to the Servicer’s obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related pool asset documents. Servicer 1122(d)(4)(v) The Servicer’s records regarding the pool assets agree with the Servicer’s records with respect to an obligor’s unpaid principal balance. Servicer 1122(d)(4)(vi) Changes with respect to the terms or status of an obligor's pool assets (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with usual customary procedures. Servicer 1122(d)(4)(vii) Loss mitigation or recovery actions (e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with usual customary procedures. Servicer 1122(d)(4)(viii) Records documenting collection efforts are maintained during the period a pool asset is delinquent in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity’s activities in monitoring delinquent pool assets including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness or unemployment). Servicer 1122(d)(4)(ix) Adjustments to interest rates or rates of return for pool assets with variable rates are computed based on the related pool asset documents. N/A 1122(d)(4)(x) Regarding any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the obligor’s pool asset documents, on at least an annual basis, or such other period specified in the transaction agreements; (B) interest on such funds is paid, or credited, to obligors in accordance with applicable pool asset documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the related pool assets, or such other number of days specified in the transaction agreements. N/A 1122(d)(4)(xi) Payments made on behalf of an obligor (such as tax or insurance payments) are made on or before the related penalty or expiration dates, as indicated on the appropriate bills or notices for such payments, provided that such support has been received by the servicer at least 30 calendar days prior to these dates, or such other number of days specified in the tr

Appears in 1 contract

Sources: Servicing Supplement (Mercedes-Benz Auto Lease Trust 2024-B)

Model Year. The related ~~2018-A~~ 20[__]-[_] Vehicle has a model year between ~~2013~~ 20[__] and ~~2017 inclusive~~20[__]. ~~Monthly~~ Mercedes-Benz Auto Lease Trust 20[__]-[_] Investor Report Collection Period Ended DD-Mon-YYYY Amounts in USD Collection Period No. # Collection Period (from... to) DD-Mon-YYYY DD-Mon-YYYY Determination Date DD-Mon-YYYY Record Date DD-Mon-YYYY Payment Date DD-Mon-YYYY Interest Period of the Class A-1 Notes ~~(from~~[Floating Rate](from... to) DD-Mon-YYYY DD-Mon-YYYY Actual/360 Days # Interest Period of the Class ▇-▇, ▇-▇ and A-4 Notes (from... to) DD-Mon-YYYY DD-Mon-YYYY 30/360 Days # ~~Initial Balance Beginning Balance Ending Balance Principal Payment Principal per $1000 Face Amount Note Factor~~ Class A-1 Notes Class ~~A-2~~ A-2A Notes Class A-2B Notes Class A-3 Notes Class A-4 Notes [Class B Notes] Overcollateralization present value of lease payments $ $ $ present value of Base Residual Value $ $ $ Amount Percentage Initial Overcollateralization Amount $ % Target Overcollateralization Amount $ % Current Overcollateralization Amount $ % C-1 Interest Rate Interest Payment Interest per $1000 Face Amount Interest & Principal Payment Interest & Principal Payment per $1000 Face Amount Class A-1 Notes % $ $ Class ~~A-2~~ A-2[A] Notes % $ $ [Class A-2B Notes % $ $] Class A-3 Notes % $ $ Class A-4 Notes % $ $ Class B Notes % $ $ Total $ $ Total $ $ $ Lease Payments Received $ Net Sales Proceeds-early terminations (including Defaulted Leases) $ Net Sales Proceeds-scheduled terminations $ Excess wear and tear included in Net Sales Proceeds $ Excess mileage included in Net Sales Proceeds $ Repurchase Payments $ Advances made by the Servicer $ Investment Earnings $ Total Available Funds $ (1) Total Servicing Fee and Nonrecoverable Servicer Advances $ (2) Exchange Note Interest Distributable Amount ([__]__%) $ (3) Exchange Note Principal Distributable Amount $ (4) Any amounts by which the sum payable pursuant to Section 8.03(a)(i) through (vii) of the Indenture (or, if applicable, pursuant to Section ~~5.04(b)(i) through~~ 5.04(b)(i)through (vvii) of the Indenture) exceed the sum of the Exchange Note Interest Distributable Amount and the Exchange Note Principal Distributable Amount $ (5) Remaining Funds Payable $ Total Exchange Note Payments $ Reserve Account Draw Amount $ (1) Total Trustee Fees and any Asset Representations Reviewer fees (max $~~250,000~~ [●] p.a.) $ (2) Interest Distributable Amount Class A Notes $ (3) Priority Principal Distribution Amount $ (4) To Reserve Fund to reach the Reserve Fund Required Amount $ (5) Regular Principal Distribution Amount $ (6) Additional Servicing Fee and Transition Costs $ (7) Total Trustee Fees and any Asset Representations Reviewer fees [not previously paid under (1)] $ (8) Excess Collections to Certificateholders $ Amount Due Amount Paid Shortfall Total Servicing Fee Total Trustee Fee Monthly Interest Distributable Amount thereof on Class A-1 Notes thereof on Class ~~A-2~~ A-2A Notes thereof on Class A-2B Notes thereof on Class A-3 Notes thereof on Class A-4 Notes thereof on Class B Notes Interest Carryover Shortfall Amount thereof on Class A-1 Notes thereof on Class ~~A-2~~ A-2A Notes thereof on Class A-2B Notes thereof on Class A-3 Notes thereof on Class A-4 Notes thereof on Class B Notes Interest Distributable Amount Class A [__]Notes Priority Principal Distribution Amount Regular Principal Distribution Amount Principal Distribution Amount Reserve Fund Required Amount Reserve Fund Amount - Beginning Balance plus top up Reserve Fund up to the Required Amount plus Net Investment Earnings for the Collection Period minus Net Investment Earnings minus Reserve Fund Draw Amount Reserve Fund Amount - Ending Balance Reserve Fund Deficiency Investment Earnings Net Investment Earnings on the Reserve Fund Net Investment Earnings on the Exchange Note Collection Account Investment Earnings for the Collection Period Cutoff Date Securitization Value Securitization Value beginning of Collection Period Principal portion of lease payments Terminations- Early Terminations- Scheduled Repurchase Payment (excluding interest) Gross Losses Securitization Value end of Collection Period Pool Factor % Weighted Average Securitization Rate Weighted Average Remaining Term (months) Weighted Average Seasoning (months) Aggregate Base Residual Value Cumulative Turn-in Ratio Proportion of base prepayment assumption realized life to date Actual lifetime prepayment speed Delinquency ~~Profile Delinquency~~ Profile* Amount ** Number of Leases Percentage Current 31-60 Days Delinquent 61-90 Days Delinquent 91-120 Days Delinquent Total *A lease is not considered delinquent if the amount past due is less than 10% of the payment due under such lease **Based on the actual Securitization Value of the respective leases" 60+ Delinquent Leases to EOP Aggregate Securitization Value: ~~___~~[●]% Delinquency Trigger Occurred? [Y/N] Securitization Value of Defaulted Leases, Beg of Collection Period ~~466~~ Liquidation Proceeds Recoveries Principal Net Credit Loss / (Gain) Current Collection Period Prior Collection Period Second Prior Collection Period Third Prior Collection Period Four Month Average Securitization Value of Liquidated Leases, Beg of Collection Period Sales Proceeds and Other Payments Received Residual Loss / (Gain) Current Collection Period Prior Collection Period Second Prior Collection Period Third Prior Collection Period Four Month Average [The fair value of the Notes and the Certificates on the Closing Date is summarized as follows: The Depositor must retain a percentage interest in the Certificates with a fair value of at least 5% of the aggregate value of the Notes and Certificates, or $[insert dollar amount equal to 5% of the aggregate value of the Notes and Certificates], according to Regulation RR. The undersigned Servicer hereby certifies to _______ and its officers, directors and Affiliates (collectively, the “Certification Parties”) as follows, with the knowledge and intent that the Certification Parties will rely on this Certification in connection with the certification concerning the Issuer to be signed by an officer of the Servicer pursuant to the ▇▇▇▇▇▇▇▇-▇▇▇▇▇ Act of 2002: 1. I have reviewed: (i) the servicer compliance statement of the Servicer provided in the form specified by Item 1123 of Regulation AB (the “Compliance Statement”); (ii) the report on assessment of the Servicer’s compliance with the servicing criteria set forth in Item 1122(d) of Regulation AB (the “Servicing Criteria”), provided in accordance with Rules 13a-18 and 15d-18 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and Item 1122 of Regulation AB (the “Servicing Assessment”); (iii) the registered public accounting firm’s attestation report provided in the form specified by Rules 13a-18 and 15d-18 under the Exchange Act and Section 1122(b) of Regulation AB (the “Attestation Report”); and (iv) all servicing reports, officer’s certificates and other information relating to the servicing of the ~~2018-A~~ 20[__]-[_] Leases and ~~2018-A~~ 20[__]-[_] Vehicles by the Servicer during 20___ that were delivered by the Servicer to the Indenture Trustee pursuant to the Agreement (collectively, the “Servicing Information”).

Appears in 1 contract

Sources: Servicing Supplement (Daimler Trust)

Model Year. The related ~~2018-A~~ 20[__]-[_] Vehicle has a model year between ~~2013~~ 20[__] and ~~2017~~ 20[__], inclusive. ~~Monthly~~ Mercedes-Benz Auto Lease Trust 20[__]-[_] Investor Report Collection Period Ended DD-Mon-YYYY Amounts in USD Collection Period No. # Collection Period (from... to) DD-Mon-YYYY DD-Mon-YYYY Determination Date DD-Mon-YYYY Record Date DD-Mon-YYYY Payment Date DD-Mon-YYYY Interest Period of the Class A-1 Notes ~~(from~~[Floating Rate](from... to) DD-Mon-YYYY DD-Mon-YYYY Actual/360 Days # Interest Period of the Class ~~▇-▇~~A-2, ~~▇-▇~~ A-3 and A-4 Notes (from... to) DD-Mon-YYYY DD-Mon-YYYY 30/360 Days # ~~Initial Balance Beginning Balance Ending Balance Principal Payment Principal per $1000 Face Amount Note Factor~~ Class A-1 Notes Class ~~A-2~~ A-2A Notes Class A-2B Notes Class A-3 Notes Class A-4 Notes [Class B Notes] Overcollateralization present value of lease payments $ $ $ present value of Base Residual Value $ $ $ ~~Amount Percentage~~ Initial Overcollateralization Amount $ % Target Overcollateralization Amount $ % Current Overcollateralization Amount $ % ~~Interest Rate Interest Payment Interest per $1000 Face Amount Interest & Principal Payment Interest & Principal Payment per $1000 Face Amount~~ Class A-1 Notes % $ $ Class ~~A-2~~ A-2[A] Notes % $ $ [Class A-2B Notes % $ $] Class A-3 Notes % $ $ Class A-4 Notes % $ $ Class B Notes % $ $ Total $ $ Total $ $ Initial Balance Beginning Balance Ending Balance Lease Payments Received $ Net Sales Proceeds-early terminations (including Defaulted Leases) $ Net Sales Proceeds-scheduled terminations $ Excess wear and tear included in Net Sales Proceeds $ Excess mileage included in Net Sales Proceeds $ Repurchase Payments $ Advances made by the Servicer $ Investment Earnings $ Total Available Funds $ (1) Total Servicing Fee and Nonrecoverable Servicer Advances $ (2) Exchange Note Interest Distributable Amount ([__]__%) $ (3) Exchange Note Principal Distributable Amount $ (4) Any amounts by which the sum payable pursuant to Section 8.03(a)(i) through (vii) of the Indenture (or, if applicable, pursuant to Section ~~5.04(b)(i) through~~ 5.04(b)(i)through (vvii) of the Indenture) exceed the sum of the Exchange Note Interest Distributable Amount and the Exchange Note Principal Distributable Amount $ (5) Remaining Funds Payable $ Total Exchange Note Payments $ Reserve Account Draw Amount $ (1) Total Trustee Fees and any Asset Representations Reviewer fees (max $~~250,000~~ [●] p.a.) $ (2) Interest Distributable Amount Class A Notes $ (3) Priority Principal Distribution Amount $ (4) To Reserve Fund to reach the Reserve Fund Required Amount $ (5) Regular Principal Distribution Amount $ (6) Additional Servicing Fee and Transition Costs $ (7) Total Trustee Fees and any Asset Representations Reviewer fees [not previously paid under (1)] $ (8) Excess Collections to Certificateholders $ Amount Due Amount Paid Shortfall Total Servicing Fee Total Trustee Fee Monthly Interest Distributable Amount thereof on Class A-1 Notes thereof on Class ~~A-2~~ A-2A Notes thereof on Class A-2B Notes thereof on Class A-3 Notes thereof on Class A-4 Notes thereof on Class B Notes Interest Carryover Shortfall Amount thereof on Class A-1 Notes thereof on Class ~~A-2~~ A-2A Notes thereof on Class A-2B Notes thereof on Class A-3 Notes thereof on Class A-4 Notes thereof on Class B Notes Interest Distributable Amount Class A [__]Notes Priority Principal Distribution Amount Regular Principal Distribution Amount Principal Distribution Amount Reserve Fund Required Amount Reserve Fund Amount - Beginning Balance plus top up Reserve Fund up to the Required Amount plus Net Investment Earnings for the Collection Period minus Net Investment Earnings minus Reserve Fund Draw Amount Reserve Fund Amount - Ending Balance ~~Reserve Fund Deficiency~~ Investment Earnings Net Investment Earnings on the Reserve Fund Net Investment Earnings on the Exchange Note Collection Account Investment Earnings for the Collection Period Cutoff Date Securitization Value Securitization Value beginning of Collection Period Principal portion of lease payments Terminations- Early Terminations- Scheduled Repurchase Payment (excluding interest) Gross Losses Securitization Value end of Collection Period Pool Factor % Weighted Average Securitization Rate Weighted Average Remaining Term (months) Weighted Average Seasoning (months) Aggregate Base Residual Value Cumulative Turn-in Ratio Proportion of base prepayment assumption realized life to date Actual lifetime prepayment speed Delinquency ~~Profile Delinquency~~ Profile* Amount ** Number of Leases Percentage Current 31-60 Days Delinquent 61-90 Days Delinquent 91-120 Days Delinquent Total *A lease is not considered delinquent if the amount past due is less than 10% of the payment due under such lease **Based on the actual Securitization Value of the respective leases" ” 60+ Delinquent Leases to EOP Aggregate Securitization Value: ~~___~~[●]% Delinquency Trigger Occurred? [Y/N] Securitization Value of Defaulted Leases, Beg of Collection Period ~~466~~ Liquidation Proceeds Recoveries Principal Net Credit Loss / (Gain) Current Collection Period Prior Collection Period Second Prior Collection Period Third Prior Collection Period Four Month Average Securitization Value of Liquidated Leases, Beg of Collection Period Sales Proceeds and Other Payments Received Residual Loss / (Gain) Current Collection Period Prior Collection Period Second Prior Collection Period Third Prior Collection Period Four Month Average [The fair value of the Notes and the Certificates on the Closing Date is summarized as follows: The Depositor must retain a percentage interest in the Certificates with a fair value of at least 5% of the aggregate value of the Notes and Certificates, or $[insert dollar amount equal to 5% of the aggregate value of the Notes and Certificates], according to Regulation RR. The undersigned Servicer hereby certifies to _______ and its officers, directors and Affiliates (collectively, the “Certification Parties”) as follows, with the knowledge and intent that the Certification Parties will rely on this Certification in connection with the certification concerning the Issuer to be signed by an officer of the Servicer pursuant to the ▇▇▇▇▇▇▇▇-▇▇▇▇▇ Act of 2002: 1. I have reviewed: (i) the servicer compliance statement of the Servicer provided in the form specified by Item 1123 of Regulation AB (the “Compliance Statement”); (ii) the report on assessment of the Servicer’s compliance with the servicing criteria set forth in Item 1122(d) of Regulation AB (the “Servicing Criteria”), provided in accordance with Rules 13a-18 and 15d-18 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and Item 1122 of Regulation AB (the “Servicing Assessment”); (iii) the registered public accounting firm’s attestation report provided in the form specified by Rules 13a-18 and 15d-18 under the Exchange Act and Section 1122(b) of Regulation AB (the “Attestation Report”); and (iv) all servicing reports, officer’s certificates and other information relating to the servicing of the ~~2018-A~~ 20[__]-[_] Leases and ~~2018-A~~ 20[__]-[_] Vehicles by the Servicer during 20___ that were delivered by the Servicer to the Indenture Trustee pursuant to the Agreement (collectively, the “Servicing Information”). 2. Based on my knowledge, the Servicing Information, taken as a whole, does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in the light of the circumstances under which such statements were made, not misleading with respect to the period of time covered by the Servicing Information. 3. Based on my knowledge, all of the Servicing Information required to be provided by the Servicer under the Agreement has been provided to the Indenture Trustee. 4. I am responsible for reviewing the activities performed by Mercedes-Benz Financial Services USA LLC, as Servicer (the “Servicer”) under the 20[__]-[_] Servicing Supplement, dated as of [_______ _], 20[__] (the “Agreement”), among Mercedes Benz Financial Services USA LLC, as the lender (in such capacity, the “Lender”) and as servicer (in such capacity, the “Servicer”), Mercedes-Benz Vehicle Trust (the “Titling Trust”) and Collateral Title Co., as collateral agent (the “Collateral Agent”), and based on my knowledge and the compliance review conducted in preparing the Compliance Statement and except as disclosed in the Compliance Statement, the Servicing Assessment or the Attestation Report, the Servicer has fulfilled its obligations under the Agreement in all material respects. 5. The Compliance Statement required to be delivered by the Servicer pursuant to the Agreement, and the Servicing Assessment and Attestation Report required to be provided by the Servicer pursuant to the Agreement, have been provided to the Indenture Trustee. Any material instances of noncompliance described in such reports have been disclosed to the Transferor. Any material instance of noncompliance with the Servicing Criteria has been disclosed in such reports. Capitalized terms not otherwise defined herein have the meanings ascribed thereto in the Agreement. MERCEDES-BENZ FINANCIAL SERVICES USA LLC By: Name: Title: The assessment of compliance to be delivered by the Servicer, shall address, at a minimum, the criteria identified as below as “Applicable Servicing Criteria”: 1122(d)(1)(i) Policies and procedures are instituted to monitor any performance or other triggers and events of default in accordance with the transaction agreements. Servicer 1122(d)(1)(ii) If any material servicing activities are outsourced to third parties, policies and procedures are instituted to monitor the third party’s performance and compliance with such servicing activities. Servicer 1122(d)(1)(iii) Any requirements in the transaction agreements to maintain a back-up servicer for the pool assets are maintained. N/A 1122(d)(1)(iv) A fidelity bond and errors and omissions policy is in effect on the party participating in the servicing function throughout the reporting period in the amount of coverage required by and otherwise in accordance with the terms of the transaction agreements. N/A 1122(d)(1)(v) Aggregation of information, as applicable, is mathematically accurate and the information conveyed accurately reflects the information. Servicer 1122(d)(2)(i) Payments on pool assets are deposited into the appropriate custodial bank accounts and related bank clearing accounts no more than two business days following receipt, or such other number of days specified in the transaction agreements. Servicer 1122(d)(2)(ii) Disbursements made via wire transfer on behalf of an obligor or to an investor are made only by authorized personnel. N/A for obligor disbursements Servicer 1122(d)(2)(iii) Advances of funds or guarantees regarding collections, cash flows or distributions, and any interest or other fees charged for such advances, are made, reviewed and approved as specified in the transaction agreements. Servicer 1122(d)(2)(iv) The related accounts for the transaction, such as cash reserve accounts or accounts established as a form of overcollateralization, are separately maintained (e.g., with respect to commingling of cash) as set forth in the transaction agreements. Servicer Reference Criteria Applicable Servicing Criteria Responsible Party 1122(d)(2)(v) Each custodial account is maintained at a federally insured depository institution as set forth in the transaction agreements. For purposes of this criterion, “federally insured depository institution” with respect to a foreign financial institution means a foreign financial institution that meets the requirements of Rule 13k-1(b)(1) of the Securities Exchange Act. Indenture Trustee 1122(d)(2)(vi) Unissued checks are safeguarded so as to prevent unauthorized access. N/A 1122(d)(2)(vii) Reconciliations are prepared on a monthly basis for all asset-backed securities related bank accounts, including custodial accounts and related bank clearing accounts. These reconciliations are (A) mathematically accurate; (B) prepared within 30 calendar days after the bank statement cutoff date, or such other number of days specified in the transaction agreements; (C) reviewed and approved by someone other than the person who prepared the reconciliation; and (D) contain explanations for reconciling items. These reconciling items are resolved within 90 calendar days of their original identification, or such other number of days specified in the transaction agreements. Servicer Indenture Trustee 1122(d)(3)(i) Reports to investors, including those to be filed with the Commission, are maintained in accordance with the transaction agreements and applicable Commission requirements. Specifically, such reports (A) are prepared in accordance with timeframes and other terms set forth in the transaction agreements; (B) provide information calculated in accordance with the terms specified in the transaction agreements; (C) are filed with the Commission as required by its rules and regulations; and (D) agree with investors’ or the trustee’s records as to the total unpaid principal balance and number of pool assets serviced by the Servicer. Servicer 1122(d)(3)(ii) Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other terms set forth in the transaction agreements. Servicer Indenture Trustee 1122(d)(3)(iii) Disbursements made to an investor are posted within two business days to the Servicer’s investor records, or such other number of days specified in the transaction agreements. Servicer Indenture Trustee Reference Criteria Applicable Servicing Criteria Responsible Party 1122(d)(3)(iv) Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank statements. Servicer Indenture Trustee 1122(d)(4)(i) Collateral or security on pool assets is maintained as required by the transaction agreements or related pool asset documents. Servicer 1122(d)(4)(ii) Pool assets and related documents are safeguarded as required by the transaction agreements Servicer 1122(d)(4)(iii) Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any conditions or requirements in the transaction agreements. Servicer 1122(d)(4)(iv) Payments on pool assets, including any payoffs, made in accordance with the related pool assets documents are posted to the Servicer’s obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related pool asset documents. Servicer 1122(d)(4)(v) The Servicer’s records regarding the pool assets agree with the Servicer’s records with respect to an obligor’s unpaid principal balance. Servicer 1122(d)(4)(vi) Changes with respect to the terms or status of an obligor’s pool assets (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with usual customary procedures. Servicer 1122(d)(4)(vii) Loss mitigation or recovery actions (e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with usual customary procedures. Servicer 1122(d)(4)(viii) Records documenting collection efforts are maintained during the period a pool asset is delinquent in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity’s activities in monitoring delinquent pool assets including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness or unemployment). Servicer 1122(d)(4)(ix) Adjustments to interest rates or rates of return for pool assets with variable rates are computed based on the related pool asset documents. N/A Reference Criteria Applicable Servicing Criteria Responsible Party 1122(d)(4)(x) Regarding any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the obligor’s pool asset documents, on at least an annual basis, or such other period specified in the transaction agreements; (B) interest on such funds is paid, or credited, to obligors in accordance with applicable pool asset documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the related pool assets, or such other number of days specified in the transaction agreements. N/A 1122(d)(4)(xi) Payments mad

Appears in 1 contract

Sources: Servicing Supplement (Mercedes-Benz Vehicle Trust)

Model Year. The related ~~2018~~2016-A Vehicle has a model year between ~~2013~~ 2012 and ~~2017 inclusive~~2016. ~~Monthly~~ Investor Report Collection Period Ended DD-Mon-YYYY ` Amounts in USD Collection Period No. # Collection Period (from... to) DD-Mon-YYYY DD-Mon-YYYY Determination Date DD-Mon-YYYY Record Date DD-Mon-YYYY Payment Date DD-Mon-YYYY Interest Period of the Class A-1 and A-2B Notes (from... to) DD-Mon-YYYY DD-Mon-YYYY Actual/360 Days # Interest Period of the Class ~~▇-▇~~A-2A, ~~▇-▇~~ A-3 and A-4 Notes (from... to) DD-Mon-YYYY DD-Mon-YYYY 30/360 Days # ~~Initial Balance Beginning Balance Ending Balance Principal Payment Principal per $1000 Face Amount Note Factor~~ Class A-1 Notes Class ~~A-2~~ A-2A Notes Class A-2B Notes Class A-3 Notes Class A-4 Notes present value of lease payments $ $ $ present value of Base Residual Value $ $ $ ~~Amount Percentage~~ Initial Overcollateralization Amount $ % Target Overcollateralization Amount (until Class A-2 Notes are paid in full) $ % Target Overcollateralization Amount (after Class A-2 Notes are paid in full) $ % Current Overcollateralization Amount $ % Interest Rate Interest Payment Interest per $1000 Face Amount Interest & Principal Payment Interest & Principal Payment per $1000 Face Amount Class A-1 Notes % $ $ Class ~~A-2~~ A-2A Notes % $ $ Class A-2B Notes % $ $ Class A-3 Notes % $ $ Class A-4 Notes % $ $ Lease Payments Received $ Net Sales Proceeds-early terminations (including Defaulted Leases) $ Net Sales Proceeds-scheduled terminations $ Excess wear and tear included in Net Sales Proceeds $ Excess mileage included in Net Sales Proceeds $ Repurchase Payments $ Advances made by the Servicer $ Investment Earnings $ Total Available Funds $ (1) Total Servicing Fee and Nonrecoverable Servicer Advances $ (2) Exchange Note Interest Distributable Amount (~~[__]~~1.70%) $ (3) Exchange Note Principal Distributable Amount $ (4) Any amounts by which the sum payable pursuant to Section 8.03(a)(i) through (vii) of the Indenture (or, if applicable, pursuant to Section ~~5.04(b)(i) through~~ 5.04(b)(i)through (vvii) of the Indenture) exceed the sum of the Exchange Note Interest Distributable Amount and the Exchange Note Principal Distributable Amount $ (5) Remaining Funds Payable $ Total Exchange Note Payments $ Reserve Account Draw Amount $ (1) Total Trustee Fees and any Asset Representations Reviewer fees (max $250,000 p.a.) $ (2) Interest Distributable Amount Class A Notes $ (3) Priority Principal Distribution Amount $ (4) To Reserve Fund to reach the Reserve Fund Required Amount $ (5) Regular Principal Distribution Amount $ (6) Additional Servicing Fee and Transition Costs $ (7) Total Trustee Fees and any Asset Representations Reviewer fees [not previously paid under (1)] $ (8) Excess Collections to Certificateholders $ Amount Due Amount Paid Shortfall Total Servicing Fee Total Trustee Fee Monthly Interest Distributable Amount thereof on Class A-1 Notes thereof on Class ~~A-2~~ A-2A Notes thereof on Class A-2B Notes thereof on Class A-3 Notes thereof on Class A-4 Notes Interest Carryover Shortfall Amount thereof on Class A-1 Notes thereof on Class ~~A-2~~ A-2A Notes thereof on Class A-2B Notes thereof on Class A-3 Notes thereof on Class A-4 Notes Interest Distributable Amount Class A Notes Priority Principal Distribution Amount Regular Principal Distribution Amount Principal Distribution Amount Reserve Fund Required Amount Reserve Fund Amount - Beginning Balance plus top up Reserve Fund up to the Required Amount plus Net Investment Earnings for the Collection Period minus Net Investment Earnings minus Reserve Fund Draw Amount Reserve Fund Amount - Ending Balance Reserve Fund Deficiency Investment Earnings Net Investment Earnings on the Reserve Fund Net Investment Earnings on the Exchange Note ~~Collection Account~~ Investment Earnings for the Collection Period Cutoff Date Securitization Value Securitization Value beginning of Collection Period Principal portion of lease payments Terminations- Early Terminations- Scheduled Repurchase Payment (excluding interest) Gross Losses Securitization Value end of Collection Period Pool Factor % Weighted Average Securitization Rate Weighted Average Remaining Term (months) Weighted Average Seasoning (months) Aggregate Base Residual Value Cumulative Turn-in Ratio Proportion of base prepayment assumption realized life to date Actual lifetime prepayment speed Delinquency ~~Profile Delinquency~~ Profile* Amount ** Number of Leases Percentage Current 31-60 Days Delinquent 61-90 Days Delinquent 91-120 Days Delinquent ~~Total~~ *A lease is not considered delinquent if the amount past due is less than 10% of the payment due under such lease **Based on the actual Securitization Value of the respective leases" 60+ Delinquent Leases to EOP Aggregate Securitization Value: ___% Delinquency Trigger Occurred? [Y/N] Securitization Value of Defaulted Leases, Beg of Collection Period 466 Liquidation Proceeds Recoveries Principal Net Credit Loss / (Gain) Current Collection Period Prior Collection Period Second Prior Collection Period Third Prior Collection Period Four Month Average Securitization Value of Liquidated Leases, Beg of Collection Period Sales Proceeds and Other Payments Received Residual Loss / (Gain) Current Collection Period Prior Collection Period Second Prior Collection Period Third Prior Collection Period Four Month Average ~~[The fair value of the Notes and the Certificates on the Closing Date is summarized as follows~~FORM OF PERFORMANCE CERTIFICATION Re: The Depositor must retain a percentage interest in the Certificates with a fair value of at least 5% of the aggregate value of the Notes and Certificates, or $[insert dollar amount equal to 5% of the aggregate value of the Notes and Certificates], according to Regulation RR. Mercedes-Benz Auto Lease Trust 2016-A The undersigned Servicer hereby certifies to _______ and its officers, directors and Affiliates (collectively, the “Certification Parties”) as follows, with the knowledge and intent that the Certification Parties will rely on this Certification in connection with the certification concerning the Issuer to be signed by an officer of the Servicer pursuant to the ▇▇▇▇▇▇▇▇-▇▇▇▇▇ Act of 2002: 1. I have reviewed: (i) the servicer compliance statement of the Servicer provided in the form specified by Item 1123 of Regulation AB (the “Compliance Statement”); (ii) the report on assessment of the Servicer’s compliance with the servicing criteria set forth in Item 1122(d) of Regulation AB (the “Servicing Criteria”), provided in accordance with Rules 13a-18 and 15d-18 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and Item 1122 of Regulation AB (the “Servicing Assessment”); (iii) the registered public accounting firm’s attestation report provided in the form specified by Rules 13a-18 and 15d-18 under the Exchange Act and Section 1122(b) of Regulation AB (the “Attestation Report”); and (iv) all servicing reports, officer’s certificates and other information relating to the servicing of the ~~2018~~2016-A Leases and ~~2018~~2016-A Vehicles by the Servicer during 20___ that were delivered by the Servicer to the Indenture Trustee pursuant to the Agreement (collectively, the “Servicing Information”). 2. Based on my knowledge, the Servicing Information, taken as a whole, does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in the light of the circumstances under which such statements were made, not misleading with respect to the period of time covered by the Servicing Information. 3. Based on my knowledge, all of the Servicing Information required to be provided by the Servicer under the Agreement has been provided to the Indenture Trustee. 4. I am responsible for reviewing the activities performed by Mercedes-Benz Financial Services USA LLC, as Servicer (the “Servicer”) under the 2016-A Servicing Supplement, dated as of March 1, 2016 (the “Agreement”), among Mercedes Benz Financial Services USA LLC, as the lender (in such capacity, the “Lender”) and as servicer (in such capacity, the “Servicer”), Daimler Trust (the “Titling Trust”) and Daimler Title Co., as collateral agent (the “Collateral Agent”), and based on my knowledge and the compliance review conducted in preparing the Compliance Statement and except as disclosed in the Compliance Statement, the Servicing Assessment or the Attestation Report, the Servicer has fulfilled its obligations under the Agreement in all material respects. 5. The Compliance Statement required to be delivered by the Servicer pursuant to the Agreement, and the Servicing Assessment and Attestation Report required to be provided by the Servicer pursuant to the Agreement, have been provided to the Indenture Trustee. Any material instances of noncompliance described in such reports have been disclosed to the Transferor. Any material instance of noncompliance with the Servicing Criteria has been disclosed in such reports. Capitalized terms not otherwise defined herein have the meanings ascribed thereto in the Agreement. Date: ____________________ MERCEDES-BENZ FINANCIAL SERVICES USA LLC By: /s/ Name: Title: The assessment of compliance to be delivered by the Servicer, shall address, at a minimum, the criteria identified as below as “Applicable Servicing Criteria”: 1122(d)(1)(i) Policies and procedures are instituted to monitor any performance or other triggers and events of default in accordance with the transaction agreements. Servicer 1122(d)(1)(ii) If any material servicing activities are outsourced to third parties, policies and procedures are instituted to monitor the third party’s performance and compliance with such servicing activities. Servicer 1122(d)(1)(iii) Any requirements in the transaction agreements to maintain a back-up servicer for the pool assets are maintained. N/A 1122(d)(1)(iv) A fidelity bond and errors and omissions policy is in effect on the party participating in the servicing function throughout the reporting period in the amount of coverage required by and otherwise in accordance with the terms of the transaction agreements. N/A 1122(d)(1)(v) Aggregation of information, as applicable, is mathematically accurate and the information conveyed accurately reflects the information. Servicer 1122(d)(2)(i) Payments on pool assets are deposited into the appropriate custodial bank accounts and related bank clearing accounts no more than two business days following receipt, or such other number of days specified in the transaction agreements. Servicer 1122(d)(2)(ii) Disbursements made via wire transfer on behalf of an obligor or to an investor are made only by authorized personnel. N/A for obligor disbursements Servicer 1122(d)(2)(iii) Advances of funds or guarantees regarding collections, cash flows or distributions, and any interest or other fees charged for such advances, are made, reviewed and approved as specified in the transaction agreements. Servicer 1122(d)(2)(iv) The related accounts for the transaction, such as cash reserve accounts or accounts established as a form of overcollateralization, are separately maintained (e.g., with respect to commingling of cash) as set forth in the transaction agreements. Servicer 1122(d)(2)(v) Each custodial account is maintained at a federally insured depository institution as set forth in the transaction agreements. For purposes of this criterion, “federally insured depository institution” with respect to a foreign financial institution means a foreign financial institution that meets the requirements of Rule 13k-1(b)(1) of the Securities Exchange Act. N/A 1122(d)(2)(vi) Unissued checks are safeguarded so as to prevent unauthorized access. N/A 1122(d)(2)(vii) Reconciliations are prepared on a monthly basis for all asset-backed securities related bank accounts, including custodial accounts and related bank clearing accounts. These reconciliations are (A) mathematically accurate; (B) prepared within 30 calendar days after the bank statement cutoff date, or such other number of days specified in the transaction agreements; (C) reviewed and approved by someone other than the person who prepared the reconciliation; and (D) contain explanations for reconciling items. These reconciling items are resolved within 90 calendar days of their original identification, or such other number of days specified in the transaction agreements. Servicer 1122(d)(3)(i) Reports to investors, including those to be filed with the Commission, are maintained in accordance with the transaction agreements and applicable Commission requirements. Specifically, such reports (A) are prepared in accordance with timeframes and other terms set forth in the transaction agreements; (B) provide information calculated in accordance with the terms specified in the transaction agreements; (C) are filed with the Commission as required by its rules and regulations; and (D) agree with investors’ or the trustee’s records as to the total unpaid principal balance and number of pool assets serviced by the Servicer. Servicer 1122(d)(3)(ii) Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other terms set forth in the transaction agreements. Servicer 1122(d)(3)(iii) Disbursements made to an investor are posted within two business days to the Servicer’s investor records, or such other number of days specified in the transaction agreements. Servicer 1122(d)(3)(iv) Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank statements. Servicer 1122(d)(4)(i) Collateral or security on pool assets is maintained as required by the transaction agreements or related pool asset documents. Servicer 1122(d)(4)(ii) Pool assets and related documents are safeguarded as required by the transaction agreements Servicer 1122(d)(4)(iii) Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any conditions or requirements in the transaction agreements. Servicer 1122(d)(4)(iv) Payments on pool assets, including any payoffs, made in accordance with the related pool assets documents are posted to the Servicer’s obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related pool asset documents. Servicer 1122(d)(4)(v) The Servicer’s records regarding the pool assets agree with the Servicer’s records with respect to an obligor’s unpaid principal balance. Servicer 1122(d)(4)(vi) Changes with respect to the terms or status of an obligor's pool assets (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with usual customary procedures. Servicer 1122(d)(4)(vii) Loss mitigation or recovery actions (e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with usual customary procedures. Servicer 1122(d)(4)(viii) Records documenting collection efforts are maintained during the period a pool asset is delinquent in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity’s activities in monitoring delinquent pool assets including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness or unemployment). Servicer 1122(d)(4)(ix) Adjustments to interest rates or rates of return for pool assets with variable rates are computed based on the related pool asset documents. N/A 1122(d)(4)(x) Regarding any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the obligor’s pool asset documents, on at least an annual basis, or such other period specified in the transaction agreements; (B) interest on such funds is paid, or credited, to obligors in accordance with applicable pool asset documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the related pool assets, or such other number of days specified in the transaction agreements. N/A 1122(d)(4)(xi) Payments made on behalf of an obligor (such as tax or insurance payments) are made on or before the related penalty or expiration dates, as indicated on the appropriate bills or notices for such payments, provided that such support has been received by the servicer at least 30 calendar days prior to these dates, or such other number of days specified in the transaction agreements. N/A 1122(d)(4)(xii) Any late payment penalties in connection with any payment to be made on behalf of an obligor are paid from the servicer’s funds and not charged to the obligor, unless the

Appears in 1 contract

Sources: Servicing Supplement (Mercedes-Benz Auto Lease Trust 2016-A)

Common use of Model Year Clause in Contracts