Definition of 2018-A Lease
Examples of 2018-A Lease in a sentence
The obligations of the Seller under this Agreement will not be affected by reason of any invalidity, illegality or irregularity of the 2018-A Exchange Note or any 2018-A Lease or 2018-A Vehicle allocated to the 2018-A Reference Pool.
If the Servicer shall sell or otherwise dispose of a Matured Vehicle after having made a Sales Proceeds Advance, the Issuing Entity may retain all of such Sales Proceeds Advance, and the Servicer shall retain the related Net Auction Proceeds up to the Securitization Value of the related 2018-A Lease, and shall deposit the Residual Value Surplus, if any, into the 2018-A SUBI Collection Account.
For avoidance of doubt, following delivery of such notice and request to NMAC, the Indenture Trustee shall have no responsibility or liability for the determination by NMAC whether or not to purchase or reallocate to the UTI the related 2018-A Lease and the related 2018-A Vehicle or for monitoring whether or not such purchase or reallocation occurs.
Upon discovery by the Servicer, the Titling Trustee, the Owner Trustee or the Depositor or upon actual knowledge by a Responsible Officer of the Indenture Trustee of a breach of any representation or warranty in this Section 8.02(b) that materially adversely affects the interest of the Securityholders in the related 2018-A Lease or 2018-A Vehicle, the entity discovering such breach shall give prompt written notice to the other parties to this Agreement and to the Indenture Trustee.
The Servicer shall deposit into the 2018-A Exchange Note Collection Account an amount equal to the related Repurchase Payment if the Servicer determines, in its sole discretion, that, as a result of a computer systems error or computer systems limitation or for any other reason, the Servicer is unable to service a 2018-A Lease and 2018-A Vehicle in accordance with the terms of the 2018-A Servicing Agreement.