REPRESENTATIONS AND WARRANTIES 6. Section 14.1 Existence and Power 6 Section 14.2 Authorization and No Contravention 6 Section 14.3 No Consent Required 6 Section 14.4 Binding Effect 6 Section 14.5 No Proceedings 6 ARTICLE XV MISCELLANEOUS PROVISIONS 7 Section 15.1 Filings 7 Section 15.2 Amendments 7 Section 15.3 Governing Law 7 Section 15.4 Notices 8 Section 15.5 Severability of Provisions 8 Section 15.6 Effect of Exchange Note Supplement on Collateral Agency Agreement 8 Section 15.7 No Petition 8 Section 15.8 Tax Matters 9 Section 15.9 Entire Agreement 9 Section 15.10 Submission to Jurisdiction; Waiver of Jury Trial 9 Section 15.11 No Recourse 10 Section 15.12 Counterparts; Electronic Signatures 10 SCHEDULE 1 Description of Closed-End Units Allocated to 2020-B Reference Pool EXHIBIT A Form of Exchange Note 2020-B EXCHANGE NOTE SUPPLEMENT TO COLLATERAL AGENCY AGREEMENT THIS 2020-B EXCHANGE NOTE SUPPLEMENT TO COLLATERAL AGENCY AGREEMENT (as amended, modified or supplemented from time to time, the “Exchange Note Supplement”), dated and effective as of October 14, 2020, is among World Omni LT, a Delaware statutory trust (the “Borrower” or the “Titling Trust”), Auto Lease Finance LLC, a Delaware limited liability company (“ALF” or the “Initial Beneficiary”), AL Holding Corp., a Delaware corporation (the “Closed-End Collateral Agent”), and U.S. Bank National Association, a national banking association (the “Closed-End Administrative Agent”).
REPRESENTATIONS AND WARRANTIES 6. Section 2.1. Representations and Warranties of the EDA 6
REPRESENTATIONS AND WARRANTIES 6. Section 5.1.
REPRESENTATIONS AND WARRANTIES 6. 2.01 Of the District 6 2.02 Of CCCSWA 7
REPRESENTATIONS AND WARRANTIES 6. Section 4.1. Representations and Warranties of the Sellers Relating to the Sale Assets 6 Article V. COVENANTS 7 Section 5.1. Affirmative Covenants of the Sellers 7 Article VI. REPURCHASE OBLIGATION 7 Section 6.1. Retransfer of Sale Assets 7 Section 6.2. Repurchase Limitations 7 Section 6.3. Retransfer of Sale Assets 8
REPRESENTATIONS AND WARRANTIES 6. Section 2.1. Representations and Warranties of Finance LLC 6 ARTICLE III CONDITIONS OF PURCHASE 10 Section 3.1. Condition Precedent to Purchases 10
REPRESENTATIONS AND WARRANTIES 6. 1 The WFOE hereby represents and warrants as follows: (a) It is a wholly foreign-owned enterprise duly incorporated and validly existing under PRC law; 4
REPRESENTATIONS AND WARRANTIES 6. Section 14.1 Existence and Power 6 Section 14.2 Authorization and No Contravention 6 Section 14.3 No Consent Required 6 Section 14.4 Binding Effect 6 Section 14.5 No Proceedings 6 ARTICLE XV MISCELLANEOUS PROVISIONS 7 Section 15.1 Filings 7 Section 15.2 Amendments 7 Section 15.3 Governing Law 7 Section 15.4 Notices 8 Section 15.5 Severability of Provisions 8 Section 15.6 Effect of Exchange Note Supplement on Collateral Agency Agreement 8 Section 15.7 No Petition 8 Section 15.8 Tax Matters 9 Section 15.9 Entire Agreement 9 Section 15.10 Submission to Jurisdiction; Waiver of Jury Trial 9
REPRESENTATIONS AND WARRANTIES 6. Section 2.1. Existence; Authority; Enforceability 6 Section 2.2. Absence of Conflicts 6 Section 2.3. Consents 7
REPRESENTATIONS AND WARRANTIES 6. SECTION 3.01 Representations and Warranties of the Servicer 6 SECTION 3.02 Representations and Warranties of the Depositor 7 SECTION 3.03 Merger and Consolidation of the Depositor 8
