Common use of Event of Loss Clause in Contracts

Event of Loss. As of the Cut-Off Date, to the Seller’s knowledge, no Vehicle included in any such Unit was subject to an event which would constitute an Event of Loss.

Appears in 28 contracts

Samples: Subi Sale Agreement (Vw Credit Leasing LTD), Subi Sale Agreement (Vw Credit Leasing LTD), Subi Sale Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC)

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Event of Loss. As of the Cut-Off Date, to the Seller’s 's knowledge, no Vehicle included in any such Unit was subject to an event which would constitute an Event of Loss.

Appears in 4 contracts

Samples: Subi Sale Agreement (Volkswagen Auto Lease Underwritten Funding LLC), Subi Sale Agreement (Volkswagen Auto Lease Trust 2005-A), Subi Sale Agreement (Volkswagen Auto Lease Trust 2002-A)

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