No Material Default. The Purchaser is not in material default under any agreement, contract, instrument, or indenture of any nature whatsoever to which it is bound, which default would have a material adverse effect on its ability to perform its obligations under this Agreement.
Appears in 44 contracts
Sources: Second Tier Sale Agreement (Mercedes-Benz Auto Lease Trust 2026-A), First Tier Sale Agreement (Mercedes-Benz Auto Lease Trust 2026-A), First Tier Sale Agreement (Mercedes-Benz Auto Lease Trust 2026-A)