Common use of Source for Payment; Limited Recourse Clause in Contracts

Source for Payment; Limited Recourse. The 2016-A Exchange Note will be payable solely from Collections on the Leases and Leased Vehicles allocated to the 2016-A Reference Pool, the proceeds of the other Borrower Collateral and any Shared Amounts allocated to the 2016-A Exchange Note under Section 5.1, in each case, according to the priorities in Section 5.1. For purposes of determining the Collections that are for the 2016-A Reference Pool, the Leases and Leased Vehicles will be deemed to have been allocated to the 2016-A Reference Pool from and after the related Cutoff Date. Recourse for the 2016-A Exchange Noteholder will be limited to the 2016-A Reference Pool.