Common use of Vehicle Clause in Contracts

Vehicle. The Servicer also hereby represents and warrants that aside from the selection criteria included in such representations and warranties it used no adverse selection procedures in selecting any of the 2023-1 Leases for inclusion in the 2023-1 SUBI and that aside from such criteria it is not aware of any bias in the selection of the 2023-1 Leases which would cause delinquencies or losses on the 2023-1 Leases to be worse than any other Leases held by the Vehicle Trust; provided, however, that the Servicer can make no assurance as to the actual delinquencies or losses on the 2023-1 Leases other than as specifically set forth in Section 2.15. Upon discovery by the Vehicle Trustee or the Servicer or upon written notice to a Responsible Officer of the Indenture Trustee that any such representation or warranty was incorrect as of the date hereof and materially and adversely affects the interests of the Issuer in the related 2023-1 Lease or 2023-1 Vehicle, the party discovering such incorrectness (if other than the Servicer) shall give prompt written notice to the Servicer. Within 60 days after the Servicer’s discovery of such incorrectness or receipt of the foregoing notice, the Servicer shall cure in all material respects the circumstance or condition as to which the representation or warranty was incorrect as of the date hereof. If the Servicer is unable or unwilling to do so within such period, it shall promptly (i) deposit or cause to be deposited into the 2023-1 SUBI Collection Account an amount equal to the Reallocation Payment with respect to such 2023-1 Lease and (ii) direct the Vehicle Trustee to reallocate such 2023-1 Lease and the related 2023-1 Vehicle from the 2023-1 SUBI to the UTI. The Servicer may further direct the Vehicle Trustee to cause such reallocated 2023-1 Vehicle and the related 2023-1 Lease to be conveyed to the Servicer as described in Section 2.3(h) below. Such deposit of the Reallocation Payment shall satisfy the Servicer’s obligations to the Issuer pursuant to this Section, shall be deemed to constitute payment in full of the Reallocation Payment with respect thereto and shall cure any incorrectness of the related representation or warranty for purposes of this Servicing Supplement. Neither the Vehicle Trustee nor the Indenture Trustee shall have any duty to conduct any affirmative investigation as to the occurrence of any condition requiring the reallocation of any 2023-1 Vehicle or 2023-1 Lease pursuant to this Section 2.3(a) or the eligibility of any 2023-1 Vehicle or related 2023-1 Lease for purposes of the SUBI Trust Agreement.

Vehicle. The Servicer also hereby represents and warrants that aside from the selection criteria included in such representations and warranties it used no adverse selection procedures in selecting any of the 20232022-1 Leases for inclusion in the 20232022-1 SUBI and that aside from such criteria it is not aware of any bias in the selection of the 20232022-1 Leases which would cause delinquencies or losses on the 20232022-1 Leases to be worse than any other Leases held by the Vehicle Trust; provided, however, that the Servicer can make no assurance as to the actual delinquencies or losses on the 20232022-1 Leases other than as specifically set forth in Section 2.15. Upon discovery by the Vehicle Trustee or the Servicer or upon written notice to a Responsible Officer of the Indenture Trustee that any such representation or warranty was incorrect as of the date hereof and materially and adversely affects the interests of the Issuer in the related 20232022-1 Lease or 20232022-1 Vehicle, the party discovering such incorrectness (if other than the Servicer) shall give prompt written notice to the Servicer. Within 60 days after the Servicer’s discovery of such incorrectness or receipt of the foregoing notice, the Servicer shall cure in all material respects the circumstance or condition as to which the representation or warranty was incorrect as of the date hereof. If the Servicer is unable or unwilling to do so within such period, it shall promptly (i) deposit or cause to be deposited into the 20232022-1 SUBI Collection Account an amount equal to the Reallocation Payment with respect to such 20232022-1 Lease and (ii) direct the Vehicle Trustee to reallocate such 20232022-1 Lease and the related 20232022-1 Vehicle from the 20232022-1 SUBI to the UTI. The Servicer may further direct the Vehicle Trustee to cause such reallocated 20232022-1 Vehicle and the related 20232022-1 Lease to be conveyed to the Servicer as described in Section 2.3(h) below. Such deposit of the Reallocation Payment shall satisfy the Servicer’s obligations to the Issuer pursuant to this Section, shall be deemed to constitute payment in full of the Reallocation Payment with respect thereto and shall cure any incorrectness of the related representation or warranty for purposes of this Servicing Supplement. Neither the Vehicle Trustee nor the Indenture Trustee shall have any duty to conduct any affirmative investigation as to the occurrence of any condition requiring the reallocation of any 20232022-1 Vehicle or 20232022-1 Lease pursuant to this Section 2.3(a) or the eligibility of any 20232022-1 Vehicle or related 20232022-1 Lease for purposes of the SUBI Trust Agreement.

Vehicle. The Servicer also hereby represents and warrants that aside from the selection criteria included in such representations and warranties it used no adverse selection procedures in selecting any of the 20232017-1 Leases for inclusion in the 20232017-1 SUBI and that aside from such criteria it is not aware of any bias in the selection of the 20232017-1 Leases which would cause delinquencies or losses on the 20232017-1 Leases to be worse than any other Leases held by the Vehicle Trust; provided, however, that the Servicer can make no assurance as to the actual delinquencies or losses on the 20232017-1 Leases other than as specifically set forth in Section 2.15. Upon discovery by the Vehicle Trustee or the Servicer or upon written notice to a Responsible Officer of the Indenture Trustee that any such representation or warranty was incorrect as of the date hereof and materially and adversely affects the interests of the Issuer in the related 20232017-1 Lease or 20232017-1 Vehicle, the party discovering such incorrectness (if other than the Servicer) shall give prompt written notice to the Servicer. Within 60 days after the Servicer’s discovery of such incorrectness or receipt of the foregoing notice, the Servicer shall cure in all material respects the circumstance or condition as to which the representation or warranty was incorrect as of the date hereof. If the Servicer is unable or unwilling to do so within such period, it shall promptly (i) deposit or cause to be deposited into the 20232017-1 SUBI Collection Account an amount equal to the Reallocation Payment with respect to such 20232017-1 Lease and (ii) direct the Vehicle Trustee to reallocate such 20232017-1 Lease and the related 20232017-1 Vehicle from the 20232017-1 SUBI to the UTI. The Servicer may further direct the Vehicle Trustee to cause such reallocated 20232017-1 Vehicle and the related 20232017-1 Lease to be conveyed to the Servicer as described in Section 2.3(h) below. Such deposit of the Reallocation Payment shall satisfy the Servicer’s obligations to the Issuer pursuant to this Section, shall be deemed to constitute payment in full of the Reallocation Payment with respect thereto and shall cure any incorrectness of the related representation or warranty for purposes of this Servicing Supplement. Neither the Vehicle Trustee nor the Indenture Trustee shall have any duty to conduct any affirmative investigation as to the occurrence of any condition requiring the reallocation of any 20232017-1 Vehicle or 20232017-1 Lease pursuant to this Section 2.3(a) or the eligibility of any 20232017-1 Vehicle or related 20232017-1 Lease for purposes of the SUBI Trust Agreement.

Vehicle. The Servicer also hereby represents and warrants that aside from the selection criteria included in such representations and warranties it used no adverse selection procedures in selecting any of the 20232021-1 Leases for inclusion in the 20232021-1 SUBI and that aside from such criteria it is not aware of any bias in the selection of the 20232021-1 Leases which would cause delinquencies or losses on the 20232021-1 Leases to be worse than any other Leases held by the Vehicle Trust; provided, however, that the Servicer can make no assurance as to the actual delinquencies or losses on the 20232021-1 Leases other than as specifically set forth in Section 2.15. Upon discovery by the Vehicle Trustee or the Servicer or upon written notice to a Responsible Officer of the Indenture Trustee that any such representation or warranty was incorrect as of the date hereof and materially and adversely affects the interests of the Issuer in the related 20232021-1 Lease or 20232021-1 Vehicle, the party discovering such incorrectness (if other than the Servicer) shall give prompt written notice to the Servicer. Within 60 days after the Servicer’s discovery of such incorrectness or receipt of the foregoing notice, the Servicer shall cure in all material respects the circumstance or condition as to which the representation or warranty was incorrect as of the date hereof. If the Servicer is unable or unwilling to do so within such period, it shall promptly (i) deposit or cause to be deposited into the 20232021-1 SUBI Collection Account an amount equal to the Reallocation Payment with respect to such 20232021-1 Lease and (ii) direct the Vehicle Trustee to reallocate such 20232021-1 Lease and the related 20232021-1 Vehicle from the 20232021-1 SUBI to the UTI. The Servicer may further direct the Vehicle Trustee to cause such reallocated 20232021-1 Vehicle and the related 20232021-1 Lease to be conveyed to the Servicer as described in Section 2.3(h) below. Such deposit of the Reallocation Payment shall satisfy the Servicer’s obligations to the Issuer pursuant to this Section, shall be deemed to constitute payment in full of the Reallocation Payment with respect thereto and shall cure any incorrectness of the related representation or warranty for purposes of this Servicing Supplement. Neither the Vehicle Trustee nor the Indenture Trustee shall have any duty to conduct any affirmative investigation as to the occurrence of any condition requiring the reallocation of any 20232021-1 Vehicle or 20232021-1 Lease pursuant to this Section 2.3(a) or the eligibility of any 20232021-1 Vehicle or related 20232021-1 Lease for purposes of the SUBI Trust Agreement.

Vehicle. The Servicer also hereby represents and warrants that aside from the selection criteria included in such representations and warranties it used no adverse selection procedures in selecting any of the 20232019-1 Leases for inclusion in the 20232019-1 SUBI and that aside from such criteria it is not aware of any bias in the selection of the 20232019-1 Leases which would cause delinquencies or losses on the 20232019-1 Leases to be worse than any other Leases held by the Vehicle Trust; provided, however, that the Servicer can make no assurance as to the actual delinquencies or losses on the 20232019-1 Leases other than as specifically set forth in Section 2.15. Upon discovery by the Vehicle Trustee or the Servicer or upon written notice to a Responsible Officer of the Indenture Trustee that any such representation or warranty was incorrect as of the date hereof and materially and adversely affects the interests of the Issuer in the related 20232019-1 Lease or 20232019-1 Vehicle, the party discovering such incorrectness (if other than the Servicer) shall give prompt written notice to the Servicer. Within 60 days after the Servicer’s discovery of such incorrectness or receipt of the foregoing notice, the Servicer shall cure in all material respects the circumstance or condition as to which the representation or warranty was incorrect as of the date hereof. If the Servicer is unable or unwilling to do so within such period, it shall promptly (i) deposit or cause to be deposited into the 20232019-1 SUBI Collection Account an amount equal to the Reallocation Payment with respect to such 20232019-1 Lease and (ii) direct the Vehicle Trustee to reallocate such 20232019-1 Lease and the related 20232019-1 Vehicle from the 20232019-1 SUBI to the UTI. The Servicer may further direct the Vehicle Trustee to cause such reallocated 20232019-1 Vehicle and the related 20232019-1 Lease to be conveyed to the Servicer as described in Section 2.3(h) below. Such deposit of the Reallocation Payment shall satisfy the Servicer’s obligations to the Issuer pursuant to this Section, shall be deemed to constitute payment in full of the Reallocation Payment with respect thereto and shall cure any incorrectness of the related representation or warranty for purposes of this Servicing Supplement. Neither the Vehicle Trustee nor the Indenture Trustee shall have any duty to conduct any affirmative investigation as to the occurrence of any condition requiring the reallocation of any 20232019-1 Vehicle or 20232019-1 Lease pursuant to this Section 2.3(a) or the eligibility of any 20232019-1 Vehicle or related 20232019-1 Lease for purposes of the SUBI Trust Agreement.

Vehicle. The Servicer also hereby represents and warrants that aside from the selection criteria included in such representations and warranties it used no adverse selection procedures in selecting any of the 20232017-1 2 Leases for inclusion in the 20232017-1 2 SUBI and that aside from such criteria it is not aware of any bias in the selection of the 20232017-1 2 Leases which would cause delinquencies or losses on the 20232017-1 2 Leases to be worse than any other Leases held by the Vehicle Trust; provided, however, that the Servicer can make no assurance as to the actual delinquencies or losses on the 20232017-1 2 Leases other than as specifically set forth in Section 2.15. Upon discovery by the Vehicle Trustee or the Servicer or upon written notice to a Responsible Officer of the Indenture Trustee that any such representation or warranty was incorrect as of the date hereof and materially and adversely affects the interests of the Issuer in the related 20232017-1 2 Lease or 20232017-1 2 Vehicle, the party discovering such incorrectness (if other than the Servicer) shall give prompt written notice to the Servicer. Within 60 days after the Servicer’s discovery of such incorrectness or receipt of the foregoing notice, the Servicer shall cure in all material respects the circumstance or condition as to which the representation or warranty was incorrect as of the date hereof. If the Servicer is unable or unwilling to do so within such period, it shall promptly (i) deposit or cause to be deposited into the 20232017-1 2 SUBI Collection Account an amount equal to the Reallocation Payment with respect to such 20232017-1 2 Lease and (ii) direct the Vehicle Trustee to reallocate such 20232017-1 2 Lease and the related 20232017-1 2 Vehicle from the 20232017-1 2 SUBI to the UTI. The Servicer may further direct the Vehicle Trustee to cause such reallocated 20232017-1 2 Vehicle and the related 20232017-1 2 Lease to be conveyed to the Servicer as described in Section 2.3(h) below. Such deposit of the Reallocation Payment shall satisfy the Servicer’s obligations to the Issuer pursuant to this Section, shall be deemed to constitute payment in full of the Reallocation Payment with respect thereto and shall cure any incorrectness of the related representation or warranty for purposes of this Servicing Supplement. Neither the Vehicle Trustee nor the Indenture Trustee shall have any duty to conduct any affirmative investigation as to the occurrence of any condition requiring the reallocation of any 20232017-1 2 Vehicle or 20232017-1 2 Lease pursuant to this Section 2.3(a) or the eligibility of any 20232017-1 2 Vehicle or related 20232017-1 2 Lease for purposes of the SUBI Trust Agreement.

Vehicle. The Servicer also hereby represents and warrants that aside from the selection criteria included in such representations and warranties it used no adverse selection procedures in selecting any of the 2023-1 2 Leases for inclusion in the 2023-1 2 SUBI and that aside from such criteria it is not aware of any bias in the selection of the 2023-1 2 Leases which would cause delinquencies or losses on the 2023-1 2 Leases to be worse than any other Leases held by the Vehicle Trust; provided, however, that the Servicer can make no assurance as to the actual delinquencies or losses on the 2023-1 2 Leases other than as specifically set forth in Section 2.15. Upon discovery by the Vehicle Trustee or the Servicer or upon written notice to a Responsible Officer of the Indenture Trustee that any such representation or warranty was incorrect as of the date hereof and materially and adversely affects the interests of the Issuer in the related 2023-1 2 Lease or 2023-1 2 Vehicle, the party discovering such incorrectness (if other than the Servicer) shall give prompt written notice to the Servicer. Within 60 days after the Servicer’s discovery of such incorrectness or receipt of the foregoing notice, the Servicer shall cure in all material respects the circumstance or condition as to which the representation or warranty was incorrect as of the date hereof. If the Servicer is unable or unwilling to do so within such period, it shall promptly (i) deposit or cause to be deposited into the 2023-1 2 SUBI Collection Account an amount equal to the Reallocation Payment with respect to such 2023-1 2 Lease and (ii) direct the Vehicle Trustee to reallocate such 2023-1 2 Lease and the related 2023-1 2 Vehicle from the 2023-1 2 SUBI to the UTI. The Servicer may further direct the Vehicle Trustee to cause such reallocated 2023-1 2 Vehicle and the related 2023-1 2 Lease to be conveyed to the Servicer as described in Section 2.3(h) below. Such deposit of the Reallocation Payment shall satisfy the Servicer’s obligations to the Issuer pursuant to this Section, shall be deemed to constitute payment in full of the Reallocation Payment with respect thereto and shall cure any incorrectness of the related representation or warranty for purposes of this Servicing Supplement. Neither the Vehicle Trustee nor the Indenture Trustee shall have any duty to conduct any affirmative investigation as to the occurrence of any condition requiring the reallocation of any 2023-1 2 Vehicle or 2023-1 2 Lease pursuant to this Section 2.3(a) or the eligibility of any 2023-1 2 Vehicle or related 2023-1 2 Lease for purposes of the SUBI Trust Agreement.

Vehicle. The Servicer also hereby represents and warrants that aside from the selection criteria included in such representations and warranties it used no adverse selection procedures in selecting any of the 20232024-1 Leases for inclusion in the 20232024-1 SUBI and that aside from such criteria it is not aware of any bias in the selection of the 20232024-1 Leases which would cause delinquencies or losses on the 20232024-1 Leases to be worse than any other Leases held by the Vehicle Trust; provided, however, that the Servicer can make no assurance as to the actual delinquencies or losses on the 20232024-1 Leases other than as specifically set forth in Section 2.15. Upon discovery by the Vehicle Trustee or the Servicer or upon written notice to a Responsible Officer of the Indenture Trustee that any such representation or warranty was incorrect as of the date hereof and materially and adversely affects the interests of the Issuer in the related 20232024-1 Lease or 20232024-1 Vehicle, the party discovering such incorrectness (if other than the Servicer) shall give prompt written notice to the Servicer. Within 60 days after the Servicer’s discovery of such incorrectness or receipt of the foregoing notice, the Servicer shall cure in all material respects the circumstance or condition as to which the representation or warranty was incorrect as of the date hereof. If the Servicer is unable or unwilling to do so within such period, it shall promptly (i) deposit or cause to be deposited into the 20232024-1 SUBI Collection Account an amount equal to the Reallocation Payment with respect to such 20232024-1 Lease and (ii) direct the Vehicle Trustee to reallocate such 20232024-1 Lease and the related 20232024-1 Vehicle from the 20232024-1 SUBI to the UTI. The Servicer may further direct the Vehicle Trustee to cause such reallocated 20232024-1 Vehicle and the related 20232024-1 Lease to be conveyed to the Servicer as described in Section 2.3(h) below. Such deposit of the Reallocation Payment shall satisfy the Servicer’s obligations to the Issuer pursuant to this Section, shall be deemed to constitute payment in full of the Reallocation Payment with respect thereto and shall cure any incorrectness of the related representation or warranty for purposes of this Servicing Supplement. Neither the Vehicle Trustee nor the Indenture Trustee shall have any duty to conduct any affirmative investigation as to the occurrence of any condition requiring the reallocation of any 20232024-1 Vehicle or 20232024-1 Lease pursuant to this Section 2.3(a) or the eligibility of any 20232024-1 Vehicle or related 20232024-1 Lease for purposes of the SUBI Trust Agreement.

Vehicle. The Servicer also hereby represents and warrants that aside from the selection criteria included in such representations and warranties it used no adverse selection procedures in selecting any of the 20232018-1 Leases for inclusion in the 20232018-1 SUBI and that aside from such criteria it is not aware of any bias in the selection of the 20232018-1 Leases which would cause delinquencies or losses on the 20232018-1 Leases to be worse than any other Leases held by the Vehicle Trust; provided, however, that the Servicer can make no assurance as to the actual delinquencies or losses on the 20232018-1 Leases other than as specifically set forth in Section 2.15. Upon discovery by the Vehicle Trustee or the Servicer or upon written notice to a Responsible Officer of the Indenture Trustee that any such representation or warranty was incorrect as of the date hereof and materially and adversely affects the interests of the Issuer in the related 20232018-1 Lease or 20232018-1 Vehicle, the party discovering such incorrectness (if other than the Servicer) shall give prompt written notice to the Servicer. Within 60 days after the Servicer’s discovery of such incorrectness or receipt of the foregoing notice, the Servicer shall cure in all material respects the circumstance or condition as to which the representation or warranty was incorrect as of the date hereof. If the Servicer is unable or unwilling to do so within such period, it shall promptly (i) deposit or cause to be deposited into the 20232018-1 SUBI Collection Account an amount equal to the Reallocation Payment with respect to such 20232018-1 Lease and (ii) direct the Vehicle Trustee to reallocate such 20232018-1 Lease and the related 20232018-1 Vehicle from the 20232018-1 SUBI to the UTI. The Servicer may further direct the Vehicle Trustee to cause such reallocated 20232018-1 Vehicle and the related 20232018-1 Lease to be conveyed to the Servicer as described in Section 2.3(h) below. Such deposit of the Reallocation Payment shall satisfy the Servicer’s obligations to the Issuer pursuant to this Section, shall be deemed to constitute payment in full of the Reallocation Payment with respect thereto and shall cure any incorrectness of the related representation or warranty for purposes of this Servicing Supplement. Neither the Vehicle Trustee nor the Indenture Trustee shall have any duty to conduct any affirmative investigation as to the occurrence of any condition requiring the reallocation of any 20232018-1 Vehicle or 20232018-1 Lease pursuant to this Section 2.3(a) or the eligibility of any 20232018-1 Vehicle or related 20232018-1 Lease for purposes of the SUBI Trust Agreement.

Vehicle. The Servicer also hereby represents and warrants that aside from the selection criteria included in such representations and warranties it used no adverse selection procedures in selecting any of the 20232021-1 2 Leases for inclusion in the 20232021-1 2 SUBI and that aside from such criteria it is not aware of any bias in the selection of the 20232021-1 2 Leases which would cause delinquencies or losses on the 20232021-1 2 Leases to be worse than any other Leases held by the Vehicle Trust; provided, however, that the Servicer can make no assurance as to the actual delinquencies or losses on the 20232021-1 2 Leases other than as specifically set forth in Section 2.15. Upon discovery by the Vehicle Trustee or the Servicer or upon written notice to a Responsible Officer of the Indenture Trustee that any such representation or warranty was incorrect as of the date hereof and materially and adversely affects the interests of the Issuer in the related 20232021-1 2 Lease or 20232021-1 2 Vehicle, the party discovering such incorrectness (if other than the Servicer) shall give prompt written notice to the Servicer. Within 60 days after the Servicer’s discovery of such incorrectness or receipt of the foregoing notice, the Servicer shall cure in all material respects the circumstance or condition as to which the representation or warranty was incorrect as of the date hereof. If the Servicer is unable or unwilling to do so within such period, it shall promptly (i) deposit or cause to be deposited into the 20232021-1 2 SUBI Collection Account an amount equal to the Reallocation Payment with respect to such 20232021-1 2 Lease and (ii) direct the Vehicle Trustee to reallocate such 20232021-1 2 Lease and the related 20232021-1 2 Vehicle from the 20232021-1 2 SUBI to the UTI. The Servicer may further direct the Vehicle Trustee to cause such reallocated 20232021-1 2 Vehicle and the related 20232021-1 2 Lease to be conveyed to the Servicer as described in Section 2.3(h) below. Such deposit of the Reallocation Payment shall satisfy the Servicer’s obligations to the Issuer pursuant to this Section, shall be deemed to constitute payment in full of the Reallocation Payment with respect thereto and shall cure any incorrectness of the related representation or warranty for purposes of this Servicing Supplement. Neither the Vehicle Trustee nor the Indenture Trustee shall have any duty to conduct any affirmative investigation as to the occurrence of any condition requiring the reallocation of any 20232021-1 2 Vehicle or 20232021-1 2 Lease pursuant to this Section 2.3(a) or the eligibility of any 20232021-1 2 Vehicle or related 20232021-1 2 Lease for purposes of the SUBI Trust Agreement.