{"component": "clause", "props": {"groups": [{"size": 44, "snippet": "As of the 2018-2 Cutoff Date, each 2018-2 Lease Agreement had a Securitization Value not less than $5,000.000 and no more than $150,000.00. Lease Documents", "samples": [{"hash": "fORGAn52PeG", "uri": "/contracts/fORGAn52PeG#securitization-value", "label": "Asset Representations Review Agreement (GM Financial Automobile Leasing Trust 2018-2)", "score": 29.4982891083, "published": true}, {"hash": "h2GTD6cCPvr", "uri": "/contracts/h2GTD6cCPvr#securitization-value", "label": "Asset Representations Review Agreement (GM Financial Automobile Leasing Trust 2018-2)", "score": 29.4681720734, "published": true}], "snippet_links": [{"key": "cutoff-date", "type": "clause", "offset": [17, 28]}, {"key": "lease-agreement", "type": "clause", "offset": [42, 57]}, {"key": "lease-documents", "type": "clause", "offset": [140, 155]}], "hash": "2e3afbb624369c033b75a307a14ba82d", "id": 1}, {"size": 43, "snippet": "As of the 2016-B Cutoff Date, each 2016-B Lease had a Securitization Value not less than $15,000 and no more than $200,000.", "samples": [{"hash": "lk4pH5afFrV", "uri": "/contracts/lk4pH5afFrV#securitization-value", "label": "Servicing Supplement (Mercedes-Benz Auto Lease Trust 2016-B)", "score": 27.8199863434, "published": true}, {"hash": "6oAokZP61UC", "uri": "/contracts/6oAokZP61UC#securitization-value", "label": "Servicing Supplement (Mercedes-Benz Auto Lease Trust 2016-B)", "score": 27.8008213043, "published": true}], "snippet_links": [{"key": "cutoff-date", "type": "clause", "offset": [17, 28]}], "hash": "4aab5f09403243c646c1b0c26c84582c", "id": 2}, {"size": 32, "snippet": "As of the 2017-3 Cutoff Date, each 2017-3 Lease Agreement had a Securitization Value not less than $5,000.000 and no more than $150,000.00. Lease Documents", "samples": [{"hash": "1lQTX5mnTye", "uri": "/contracts/1lQTX5mnTye#securitization-value", "label": "Asset Representations Review Agreement (GM Financial Automobile Leasing Trust 2017-3)", "score": 28.7344284058, "published": true}, {"hash": "6TLtSFLyiga", "uri": "/contracts/6TLtSFLyiga#securitization-value", "label": "Asset Representations Review Agreement (GM Financial Automobile Leasing Trust 2017-3)", "score": 28.7152633667, "published": true}, {"hash": "5GvTYR7Xf56", "uri": "/contracts/5GvTYR7Xf56#securitization-value", "label": "Asset Representations Review Agreement (GM Financial Automobile Leasing Trust 2017-3)", "score": 28.7043113708, "published": true}], "snippet_links": [{"key": "cutoff-date", "type": "clause", "offset": [17, 28]}, {"key": "lease-agreement", "type": "clause", "offset": [42, 57]}, {"key": "lease-documents", "type": "clause", "offset": [140, 155]}], "hash": "1eb9b5e09e7afafd27fe04bbbebda3b9", "id": 3}, {"size": 18, "snippet": "As of the 2019-A Cutoff Date, each 2019-A Lease had a Securitization Value not less than $15,000 and no more than $250,000. - Lease file", "samples": [{"hash": "95Pb5u2iOEx", "uri": "/contracts/95Pb5u2iOEx#securitization-value", "label": "Asset Representations Review Agreement (Mercedes-Benz Auto Lease Trust 2019-A)", "score": 30.0841884613, "published": true}, {"hash": "5ogjAFtlu0z", "uri": "/contracts/5ogjAFtlu0z#securitization-value", "label": "Asset Representations Review Agreement (Mercedes-Benz Auto Lease Trust 2019-A)", "score": 30.0650234222, "published": true}], "snippet_links": [{"key": "cutoff-date", "type": "clause", "offset": [17, 28]}, {"key": "lease-file", "type": "definition", "offset": [126, 136]}], "hash": "548874b326011d146e982203ad7f74ae", "id": 4}, {"size": 10, "snippet": "As of the 2020-A Cutoff Date, each 2020-A Lease had a Securitization Value not less than $15,000 and no more than $250,000. - Lease file\n(i) Confirm the Lease has a Securitization Value that is greater than or equal to $15,000.00\n(ii) Confirm the Lease has a Securitization Value that is less than or equal to $250,000.00\n(iii) If sections (i) and (ii) are confirmed, then Test pass", "samples": [{"hash": "cCt22Pw2qCG", "uri": "/contracts/cCt22Pw2qCG#securitization-value", "label": "Asset Representations Review Agreement (Mercedes-Benz Auto Lease Trust 2020-A)", "score": 31.0807666779, "published": true}, {"hash": "cu2FvZtB9d1", "uri": "/contracts/cu2FvZtB9d1#securitization-value", "label": "Asset Representations Review Agreement (Mercedes-Benz Auto Lease Trust 2020-A)", "score": 31.0588645935, "published": true}], "snippet_links": [{"key": "cutoff-date", "type": "clause", "offset": [17, 28]}, {"key": "lease-file", "type": "definition", "offset": [126, 136]}, {"key": "the-lease", "type": "clause", "offset": [149, 158]}, {"key": "equal-to", "type": "definition", "offset": [210, 218]}, {"key": "test-pass", "type": "definition", "offset": [373, 382]}], "hash": "7bd3a2d7059ed55e6507b69249255e09", "id": 5}, {"size": 9, "snippet": "a. Review the data tape and confirm the Lease has a Securitization Value that does not exceed the maximum allowable dollar amount.", "samples": [{"hash": "hxVWY1be1iH", "uri": "/contracts/hxVWY1be1iH#securitization-value", "label": "Asset Representations Review Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC)", "score": 37.2245037645, "published": true}, {"hash": "47JKP4siUi9", "uri": "/contracts/47JKP4siUi9#securitization-value", "label": "Asset Representations Review Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC)", "score": 37.2108154297, "published": true}, {"hash": "5ZnOGdgi4AM", "uri": "/contracts/5ZnOGdgi4AM#securitization-value", "label": "Asset Representations Review Agreement (Vw Credit Leasing LTD)", "score": 35.4120483398, "published": true}], "snippet_links": [{"key": "data-tape", "type": "definition", "offset": [14, 23]}, {"key": "the-lease", "type": "clause", "offset": [36, 45]}, {"key": "dollar-amount", "type": "clause", "offset": [116, 129]}], "hash": "2fac542d1ac72bbf66f6cc6efc09c1ac", "id": 6}, {"size": 8, "snippet": "As of the 2023-1 Cutoff Date, each 2023-1 Lease Agreement had a Securitization Value not less than $5,000.00 and no more than $150,000.00.", "samples": [{"hash": "7I7CDp8oiyq", "uri": "/contracts/7I7CDp8oiyq#securitization-value", "label": "2023 1 Exchange Note Supplement (GM Financial Automobile Leasing Trust 2023-1)", "score": 34.1088294983, "published": true}], "snippet_links": [{"key": "cutoff-date", "type": "clause", "offset": [17, 28]}, {"key": "lease-agreement", "type": "clause", "offset": [42, 57]}], "hash": "7f4fc7f8ec1f4e61b054e956cf058543", "id": 7}, {"size": 6, "snippet": "As of the 20[__]-[_] Cutoff Date, each 20[__]-[_] Lease had a Securitization Value not less than $[\u25cf] and no more than $[\u25cf].", "samples": [{"hash": "kbkXloYKR2Q", "uri": "/contracts/kbkXloYKR2Q#securitization-value", "label": "Servicing Supplement (Mercedes-Benz Vehicle Trust)", "score": 36.5318260193, "published": true}, {"hash": "bVvJ9DZEvIE", "uri": "/contracts/bVvJ9DZEvIE#securitization-value", "label": "Servicing Supplement (Daimler Trust)", "score": 33.4572219849, "published": true}, {"hash": "6FmAz1Rgioo", "uri": "/contracts/6FmAz1Rgioo#securitization-value", "label": "Servicing Supplement (Daimler Trust)", "score": 30.1416835785, "published": true}], "snippet_links": [{"key": "cutoff-date", "type": "clause", "offset": [21, 32]}], "hash": "29ba624911565c23ffdd10f92ddaa917", "id": 8}, {"size": 6, "snippet": "As of the 2020-1 Cutoff Date, each 2020-1 Lease Agreement had a Securitization Value not less than $5,000.000 and no more than $150,000.00. Lease Documents\ni. Confirm the Lease Agreement reports the Securitization value within the allowable range.\nii. If confirmed, then Test Pass", "samples": [{"hash": "1fdncf0sqz8", "uri": "/contracts/1fdncf0sqz8#securitization-value", "label": "Asset Representations Review Agreement (GM Financial Automobile Leasing Trust 2020-1)", "score": 31.138261795, "published": true}, {"hash": "auDg6tGpPC4", "uri": "/contracts/auDg6tGpPC4#securitization-value", "label": "Asset Representations Review Agreement (GM Financial Automobile Leasing Trust 2020-1)", "score": 31.1136207581, "published": true}], "snippet_links": [{"key": "cutoff-date", "type": "clause", "offset": [17, 28]}, {"key": "lease-documents", "type": "clause", "offset": [140, 155]}, {"key": "the-lease-agreement", "type": "definition", "offset": [167, 186]}, {"key": "test-pass", "type": "definition", "offset": [271, 280]}], "hash": "8ca1c571eb370c4da80e0c0fcb1c7e25", "id": 9}, {"size": 5, "snippet": "As of the 20 - Cutoff Date, each 20 - Lease Agreement had a Securitization Value not less than $ and no more than $ .", "samples": [{"hash": "kl1xzQyjs9e", "uri": "/contracts/kl1xzQyjs9e#securitization-value", "label": "Exchange Note Supplement (ACAR Leasing Ltd.)", "score": 33.1587944031, "published": true}, {"hash": "InO5Ri4QgK", "uri": "/contracts/InO5Ri4QgK#securitization-value", "label": "Exchange Note Supplement (ACAR Leasing Ltd.)", "score": 26.9712524414, "published": true}], "snippet_links": [{"key": "cutoff-date", "type": "clause", "offset": [15, 26]}, {"key": "lease-agreement", "type": "clause", "offset": [38, 53]}], "hash": "d078f835cbcab61ca87a7be2f92a4bd6", "id": 10}], "next_curs": "Cl0SV2oVc35sYXdpbnNpZGVyY29udHJhY3RzcjkLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2Ih1zZWN1cml0aXphdGlvbi12YWx1ZSMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"title": "Securitization Value", "size": 198, "parents": [["miscellaneous-provisions", "Miscellaneous Provisions"], ["each-exchange-note-separate-assignees-of-exchange-note", "Each Exchange Note Separate; Assignees of Exchange Note"], ["counterparts", "Counterparts"], ["counterparts-and-consent-to-do-business-electronically", "Counterparts and Consent to Do Business Electronically"], ["limitation-of-liability", "Limitation of Liability"]], "children": [], "id": "securitization-value", "related": [["liquidation-value", "Liquidation Value", "Liquidation Value"], ["securitization", "Securitization", "Securitization"], ["funded-debt", "Funded Debt", "Funded Debt"], ["sale-and-lease-back-transactions", "Sale and Lease-Back Transactions", "Sale and Lease-Back Transactions"], ["portfolio-valuation-etc", "Portfolio Valuation Etc", "Portfolio Valuation Etc"]], "related_snippets": [], "updated": "2026-03-26T04:21:01+00:00", "also_ask": ["How can the definition of 'Securitization Value' be strategically tailored to benefit the originator or investor?", "What essential components must be included to ensure the Securitization Value is objectively and consistently determined?", "What are the main legal risks if the Securitization Value calculation method is ambiguous or disputed?", "How does this clause compare to market-standard approaches for determining securitization value in similar transactions?", "What factors do courts consider when assessing the enforceability of Securitization Value provisions in litigation?"], "drafting_tip": "Define the calculation method for securitization value to avoid ambiguity; specify responsible parties to ensure accountability; require periodic updates to reflect current asset values.", "explanation": "The Securitization Value clause defines how the value of assets or receivables is determined for the purposes of securitization transactions. Typically, this clause outlines the methodology, timing, and any adjustments used to calculate the value, such as referencing market prices, appraisals, or specific valuation formulas. For example, it may specify that the value is based on the outstanding principal balance of receivables minus any ineligible amounts. The core function of this clause is to ensure a clear, consistent, and agreed-upon basis for valuing assets, which is essential for structuring securitization deals and allocating risk among parties."}, "json": true, "cursor": ""}}