Exhibit 10.4
 
 

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MERCEDES-BENZ FINANCIAL SERVICES USA LLC,
as Servicer and as Lender,
 
DAIMLER TRUST,
as Titling Trust,
 
and
 
 
DAIMLER TITLE CO.,
as Collateral Agent
 
____________________________
 
2016-A SERVICING SUPPLEMENT
 
Dated as of March 1, 2016
____________________________
 

 

 

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TABLE OF CONTENTS
 
Page
 
ARTICLE ONE 
 
USAGE AND DEFINITIONS
 
Section 1.01. Capitalized Terms; Rules of Usage
2
   
ARTICLE TWO
 
DESIGNATION
 
Section 2.01. Designation
3
 
ARTICLE THREE
 
THE SERVICER
 
Section 3.01. Appointment of Servicer
4
Section 3.02. Servicer Representations and Warranties
4
Section 3.03. 2016-A Lease and 2016-A Vehicle Representations and Warranties
5
Section 3.04. Liability of the Servicer; Indemnities
5
Section 3.05. Purchase Upon Breach
6
Section 3.06. Collection of Payments
7
Section 3.07. Servicer May Own 2016-A Exchange Note and 2016-A ABS Notes
7
Section 3.08. Fees and Expenses
7
Section 3.09. Termination
7
Section 3.10. Asset Representations Review
8
Section 3.11. Dispute Resolution
9
 
ARTICLE FOUR
 
ACCOUNTS, COLLECTIONS AND APPLICATION OF FUNDS
 
Section 4.01. 2016-A Bank Accounts
12
Section 4.02. Remittances
13
 
ARTICLE FIVE
 
TERMINATION
 
Section 5.01. Optional Termination
14
 
ARTICLE SIX
 
REPORTS AND NOTICES
 

 
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Page
 
Section 6.01. Monthly Reports
15
Section 6.02. Notices and Certificates Under the Basic Servicing Agreement
15
Section 6.03. Annual Officer’s Certificate
15
Section 6.04. Annual Independent Public Accountants’ Attestation
16
Section 6.05. Statements to Securityholders
16
 
ARTICLE SEVEN
 
SERVICER EVENTS OF DEFAULT
 
Section 7.01. Servicer Events of Default
17
 
ARTICLE EIGHT
 
MISCELLANEOUS
 
Section 8.01. Amendments
20
Section 8.02. Successors and Assigns
20
Section 8.03. Third-Party Beneficiaries
21
Section 8.04. No Petition
21
Section 8.05. GOVERNING LAW; SUBMISSION TO JURISDICTION
21
Section 8.06. WAIVER OF JURY TRIAL
21
Section 8.07. Severability
21
Section 8.08. Counterparts
22
Section 8.09. Table of Contents and Headings
22
Section 8.10. Conflict with Basic Servicing Agreement
22
Section 8.11. No Recourse
22
Section 8.12. Each Exchange Note Separate; Assignees of Exchange Note
22

 
EXHIBITS
 
Exhibit A – 2016-A Reference Pool Asset Schedule
A-1
Exhibit B – 2016-A Lease and 2016-A Vehicle Representations and Warranties
B-1
Exhibit C – Form of Monthly Investor Report
C-1
Exhibit D – Form of Performance Certification
D-1
Exhibit E – Servicing Criteria to be Addressed in Assessment Of Compliance
E-1

 
Appendix 1 – Usage and Definitions
A1-1

 
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This 2016-A SERVICING SUPPLEMENT, dated as of March 1, 2016 (as amended,
restated, supplemented or otherwise modified from time to time, this “2016-A
Servicing Supplement”), is among MERCEDES-BENZ FINANCIAL SERVICES USA LLC, a
Delaware limited liability company (“MBFS USA”), as servicer with respect to the
2016-A Reference Pool referred to herein (in such capacity, the “Servicer”) and
as lender under the Collateral Agency Agreement referred to herein (in such
capacity, the “Lender”), DAIMLER TRUST, a Delaware statutory trust (the “Titling
Trust”), and DAIMLER TITLE CO., a Delaware corporation, as collateral agent (the
“Collateral Agent”).
RECITALS
WHEREAS, pursuant to a Second Amended and Restated Trust Agreement, dated as of
April 1, 2008 (the “Titling Trust Agreement”), among MBFS USA, Daimler Trust
Holdings LLC and BNY Mellon Trust of Delaware (f/k/a BNY Mellon (Delaware))
(f/k/a The Bank of New York (Delaware)), the Titling Trust was created to hold
title to leases, vehicles and certain related assets (the “Titling Trust
Assets”);
WHEREAS, the Lender, the Servicer, the Titling Trust and the Collateral Agent
have entered into an Amended and Restated Servicing Agreement, dated as of March
1, 2009 (the “Basic Servicing Agreement”), which provides, for, among other
things, the servicing of the Titling Trust Assets by the Servicer;
WHEREAS, the Lender, the Servicer, the Titling Trust, the Collateral Agent and
U.S. Bank Trust National Association have entered into an Amended and Restated
Collateral Agency Agreement, dated as of March 1, 2009 (the “Basic Collateral
Agency Agreement”), pursuant to which MBFS USA will make advances to the Titling
Trust from time to time to acquire Titling Trust Assets;
WHEREAS, pursuant to the Basic Collateral Agency Agreement and an Exchange Note
Supplement, dated as of March 1, 2016 (the “2016-A Exchange Note Supplement”),
among the parties to the Basic Collateral Agency Agreement and U.S. Bank Trust
National Association, as Indenture Trustee, the Lender will assign its interest
in a portion of its outstanding advances to be evidenced by an exchange note
(the “2016-A Exchange Note”), payments in respect of which shall be made from
collections in respect of a pool of specified Titling Trust Assets (the “2016-A
Reference Pool”);
WHEREAS, the Lender, on the date hereof, has sold the 2016-A Exchange Note to
Daimler Trust Leasing LLC (the “Transferor”) pursuant to a First-Tier Sale
Agreement, dated as of March 1, 2016 (the “First-Tier Sale Agreement”);
WHEREAS, Daimler Trust Leasing LLC, on the date hereof, has sold the 2016-A
Exchange Note to Mercedes-Benz Auto Lease Trust 2016-A pursuant to a Second-Tier
Sale Agreement, dated as of March 1, 2016 (the “Second-Tier Sale Agreement”);
WHEREAS,  in connection with the issuance of the 2016-A Exchange Note, the
parties to the Basic Servicing Agreement will enter into a supplement to the
Basic Servicing Agreement to forth the specific rights and duties of the
Servicer and the other agreements and undertakings with respect to the
administration and servicing of the 2016-A Reference Pool; and

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WHEREAS, the parties hereto wish to enter into this 2016-A Servicing Supplement
to set forth the additional duties required of the Servicer with respect to the
2016-A Reference Pool and the 2016-A Exchange Note.
NOW, THEREFORE, in consideration of the premises and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties hereto agree as follows:
ARTICLE ONE

USAGE AND DEFINITIONS
Section 1.01.  Capitalized Terms; Rules of Usage.
(a)  Capitalized terms used in this 2016-A Servicing Supplement that are not
otherwise defined shall have the meanings ascribed thereto in Appendix 1 hereto
or, if not defined therein, in Appendix A to the Basic Collateral Agency
Agreement, which Appendices are hereby incorporated into and made a part of this
Agreement.  Appendix 1 also contains rules as to usage applicable to this 2016-A
Servicing Supplement.
(b)  Except as otherwise indicated by the context, all references herein to (i)
“Leases” shall be to Collateral Leases and (ii) “Vehicles” shall be to
Collateral Vehicles.
2

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ARTICLE TWO

DESIGNATION
Section 2.01.  Designation.  The parties designate the Collateral Assets listed
on Exhibit A to be known as the “2016-A Reference Pool” and each Lease and
Vehicle included therein to be known as a “2016-A Lease” and a “2016-A Vehicle,”
respectively.
 
 
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ARTICLE THREE

THE SERVICER
Section 3.01.  Appointment of Servicer.
(a)  Each party acknowledges and agrees that MBFS USA, as Servicer under the
Basic Servicing Agreement, will also act as Servicer under this 2016-A Servicing
Supplement with respect to the 2016-A Reference Pool and the 2016-A Exchange
Note and MBFS USA will also act as agent and custodian of the Titling Trust in
the management and control of the 2016-A Leases and 2016-A Vehicles included in
the 2016-A Reference Pool and for all other purposes set forth in the 2016-A
Servicing Agreement, in each case, for the benefit of each holder and pledgee of
the 2016-A Exchange Note.  MBFS USA hereby accepts such appointments.
(b)  The Servicer may delegate its duties and obligations as Servicer in
accordance with Section 3.05 of the Basic Servicing Agreement.
(c)  The Servicer shall account for the 2016-A Leases and 2016-A Vehicles
allocated to the 2016-A Reference Pool separately from any other Reference Pool
and the Revolving Facility Pool.  The 2016-A Leases, the certificates of title
relating to the 2016-A Vehicles, the insurance policies and insurance records
and other documents related to the 2016-A Leases and 2016-A Vehicles will not be
physically segregated from other Leases, certificates of title, insurance
policies and insurance records or other documents related to other Leases and
Vehicles owned or serviced by the Servicer, including Leases and Vehicles which
are not part of the 2016-A Reference Pool.  The accounting records and computer
systems of MBFS USA will reflect the allocation of the 2016-A Leases and 2016-A
Vehicles to the 2016-A Reference Pool.  The Servicer may appoint one or more
agents to act as subcustodians of certain items relating to the 2016-A Leases,
the Certificates of Title relating to the 2016-A Vehicles, the insurance
policies and insurance records and other documents related to the 2016-A Leases
and 2016-A Vehicles; provided, however, that the Servicer shall remain solely
responsible for their safekeeping.
Section 3.02.  Servicer Representations and Warranties.
(a)  The Servicer has made the representations and warranties set forth in
Section 3.02 of the Basic Servicing Agreement on which the Lender, the Titling
Trust and the Collateral Agent have relied, and the 2016-A Exchange Noteholder,
in acquiring the 2016-A Exchange Note, will rely.  Such representations and
warranties are remade as of the 2016-A Exchange Note Issuance Date and will
survive the sale, transfer, assignment and conveyance of the 2016-A Exchange
Note to the 2016-A Exchange Noteholder, the Transferor and the Issuer and the
pledge of the 2016-A Exchange Note to the Indenture Trustee pursuant to the
Indenture.
(b)  As of the 2016-A Exchange Note Issuance Date, the Servicer is not in
material default under any agreement, contract, instrument or indenture of any
nature whatsoever to which it is bound, which default would have a material
adverse effect on the ability of the Servicer to perform its obligations under
this Agreement.
(c)  As of the 2016-A Exchange Note Issuance Date, no consent, approval,
authorization or order of any court or governmental agency or body is required
under federal or
4

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State law for the execution, delivery and performance by the Servicer, or
compliance by it with this Agreement or the consummation of the transactions
contemplated hereby, or if required has been obtained or can be obtained prior
to the execution of this Agreement.
(d)  To the knowledge of the Servicer, no selection procedures believed to be
adverse to the 2016-A Exchange Noteholder have been utilized in selecting the
2016-A Leases and 2016-A Vehicles included in the 2016-A Reference Pool from
other Leases and Vehicles that meet the criteria specified in Exhibit B hereto.
(e)  To the knowledge of the Servicer, all material consents, licenses,
approvals or authorizations of, or registrations or declarations with, any
Governmental Authority required to be obtained, effected or given by Titling
Trust in connection with (a) the execution, delivery and performance by the
Titling Trust of each 2016-A Lease and (b) the acquisition by the Titling Trust
of such 2016-A Lease and the related 2016-A Vehicle, were duly obtained,
effected or given and were in full force and effect as of such date of creation
or acquisition and remained in full force and effect as of the 2016-A Closing
Date.
Section 3.03.  2016-A Lease and 2016-A Vehicle Representations and Warranties. 
The Servicer makes the representations and warranties set forth in Exhibit B
with respect to the 2016-A Leases and the 2016-A Vehicles, on which the 2016-A
Exchange Noteholder, the Transferor and the Issuer (on behalf of the
Noteholders) are relying in acquiring the 2016-A Exchange Note.  Such
representations and warranties are effective as of the 2016-A Cutoff Date
(unless otherwise specified) and will survive the sale, transfer, assignment and
conveyance of the 2016-A Exchange Note to the 2016-A Exchange Noteholder, the
Transferor and the Issuer and the pledge of the 2016-A Exchange Note to the
Indenture Trustee pursuant to the Indenture.
Section 3.04.  Liability of the Servicer; Indemnities.
(a)  The Servicer will indemnify, defend and hold harmless the Covered Parties
and the Holder of the Daimler Retail Specified Interest Certificate (each, with
respect to this subsection, an “Indemnified Person”) in accordance with Section
3.03(b) of the Basic Servicing Agreement, as well as from and against any and
all costs, expenses, losses, damages, claims and liabilities arising out of the
Servicer’s willful misconduct, negligence or bad faith or resulting from the
use, ownership or operation by the Servicer or any of its Affiliates of a 2016-A
Vehicle.
(b)  The Servicer will indemnify, defend and hold harmless the Titling Trust,
the Collateral Agent, the Securities Intermediary, the Administrative Agent, the
Trustees and their respective officers, directors, employees and agents (each,
with respect to this subsection, an “Indemnified Person”) from and against any
and all costs, expenses, losses, damages, claims and liabilities arising out of,
or incurred in connection with, the acceptance of or performance by the Servicer
of the trusts and duties contained in this 2016-A Servicing Supplement, except
to the extent that any such cost, expense, loss, damage, claim or liability (i)
is due to the willful misconduct, negligence or bad faith of the Indemnified
Person or (ii) in the case of either Trustee, arises from such Trustee’s breach
of any of its representations or warranties set forth in the Trust Agreement or
the Indenture, as the case may be (including any and all costs, expenses,
losses, damages, claims and liabilities arising in connection with any legal
action by the
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Indenture Trustee to enforce remedies against the Servicer, including its
indemnification obligations, under this Agreement).
(c)  In addition to the Indemnified Parties included in the Basic Servicing
Agreement, the Servicer will treat the Issuer and each Trustee as “Indemnified
Persons” pursuant to Sections 3.03(d), (e), (f) and (g) of the Basic Servicing
Agreement.
Section 3.05.  Purchase Upon Breach.
(a)  Deposit of Repurchase Payments.
(i)   If an Authorized Officer of the Servicer has actual knowledge, or receives
notice from the 2016-A Exchange Noteholder, a Noteholder, a Note Owner or the
Indenture Trustee, of a breach of (A) a representation or warranty set forth in
Section 3.03, (B) the agreements set forth in Section 3.06 or (C) the covenants
set forth in Sections 4.02(a) or 6.08 of the Basic Servicing Agreement and such
breach materially and adversely affects the interest of the Issuer in the
related 2016-A Lease or 2016-A Vehicle and such breach has not been cured in all
material respects on or before the last day of the Collection Period which
includes the 30th day after the date on which the Servicer obtained actual
knowledge of, or received written notice of, such breach, the Servicer shall
deposit into the 2016-A Exchange Note Collection Account an amount equal to the
related Repurchase Payment with respect to such 2016-A Lease and related 2016-A
Vehicle.
(ii)  The Servicer shall deposit into the 2016-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 2016-A Lease and 2016-A Vehicle in accordance with the terms
of the 2016-A Servicing Agreement.
(iii)  So long as MBFS USA remains the Servicer, the Servicer will deposit into
the 2016-A Exchange Note Collection Account an amount equal to the Repurchase
Payment with respect to any 2016-A Lease if the Servicer is notified that the
garaging location of the related 2016-A Vehicle has changed and, as a result of
such change, such 2016-A Vehicle is no longer garaged in an Eligible State and
such state does not become an Eligible State within 90 days of the Servicer
becoming aware of such change.
(iv)  The Servicer will deposit the Repurchase Payment with respect to any
2016-A Lease and related 2016-A Vehicle that the Servicer is removing from the
2016-A Reference Pool in accordance with Section 3.05(a) into the 2016-A
Exchange Note Collection Account on the Deposit Date immediately following the
last day of the Collection Period which includes the 30th day after the date on
which the Servicer becomes aware of, or receives written notice of, such breach
or failure; provided that, for the avoidance of doubt, with respect to
3.05(a)(iii), the Servicer will be deemed to have become aware of or have
received written notice of such breach or failure at the end of the 90 day
period set forth therein.
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(b)  Purchase Constitutes Sole Remedy for Breach.  The sole remedy of the
Collateral Agent, the 2016-A Exchange Noteholder, the Indenture Trustee and the
Holders of the 2016-A ABS Notes with respect to (i) a breach of the
representations and warranties contained in Section 3.03 or (ii) any of the
events described in Section 3.05(a)(i)(B), (a)(ii) or (a)(iii) is to cause the
related Repurchase Payment to be paid as provided in Section 3.05(a)(iv).
(c)  Reallocation of Purchased 2016-A Leases and 2016-A Vehicles.  Upon the
deposit of the Repurchase Payment for any 2016-A Lease and 2016-A Vehicle
pursuant to Section 3.05(a), such 2016-A Lease and 2016-A Vehicle will be
reallocated to the Revolving Facility Pool at the direction of the Servicer and
will no longer be included in the 2016-A Reference Pool.
Section 3.06.  Collection of Payments.  The Servicer may grant extensions,
waivers, rebates, modifications or adjustments with respect to any 2016-A Lease,
except that if, after the 2016-A Cutoff Date, the Servicer grants an extension
with respect to any 2016-A Lease which extends its related Maturity Date to a
date later than the Payment Date occurring six months prior to the Final
Scheduled Payment Date of the Class A-4 Notes, the Servicer shall deposit into
the 2016-A Exchange Note Collection Account an amount equal to the related
Repurchase Payment and will reallocate such 2016-A Lease and the related 2016-A
Vehicle to the Revolving Facility Pool in accordance with Section 3.05 except,
in either case, to the extent that any such extension is required by Applicable
Law.
Section 3.07.  Servicer May Own 2016-A Exchange Note and 2016-A ABS Notes.  The
Servicer, and any Affiliate of the Servicer, may, in its individual or any other
capacity, become the owner or pledgee of the 2016-A Exchange Note and/or the
2016-A ABS Notes with the same rights as it would have if it were not the
Servicer or an Affiliate thereof, except as otherwise provided in the 2016-A
Servicing Agreement, the Collateral Agency Agreement and the Indenture.  Except
as otherwise set forth in the 2016-A Basic Documents, 2016-A ABS Notes so owned
by or pledged to the Servicer or such Affiliate will have an equal and
proportionate benefit under the Basic Servicing Agreement and this 2016-A
Servicing Supplement.
Section 3.08.  Fees and Expenses.
(a)  2016-A Reference Pool Servicing Fee.  The 2016-A Reference Pool Servicing
Fee will be payable solely from, and the right of the Servicer to receive the
2016-A Reference Pool Servicing Fee will be limited in recourse to, the 2016-A
Available Funds and other amounts applied to the payment of such fee pursuant to
the 2016-A Exchange Note Supplement or the Indenture.
(b)  Investment Earnings.  Notwithstanding the provisions of Section 5.03(b) of
the Basic Servicing Agreement, investment earnings on funds on deposit in the
2016-A Bank Accounts shall constitute 2016-A Available Collections and, on or
before each Payment Date, the Indenture Trustee shall deposit such investment
earnings, net of any applicable investment losses and expenses, into the 2016-A
Exchange Note Collection Account.
Section 3.09.  Termination.  This 2016-A Servicing Supplement will be terminated
in the event that the Basic Servicing Agreement is terminated in accordance
therewith and may also be
7

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terminated at the option of the Servicer or the Titling Trust at any time
following the payment in full of the 2016-A Exchange Note; provided, that the
rights and obligations of the parties under Section 3.04 will survive any such
termination.
Section 3.10.  Asset Representations Review.
(a)  If a Delinquency Trigger has occurred with respect to any Collection
Period, the Servicer will promptly notify the Indenture Trustee thereof and
include in the Monthly Investor Report related to such Collection Period a
notice of occurrence of the Delinquency Trigger and of the rights of the
Noteholders and Note Owners pursuant to Section 7.02 of the Indenture regarding
Review by the Asset Representations Reviewer. The Indenture Trustee shall not be
deemed to have knowledge that any Reallocation Request remained unresolved for
180 days unless a Responsible Officer of the Indenture Trustee has actual
knowledge that such Reallocation Request in fact remained unresolved for 180
days or has received written notice evidencing that such Reallocation Request in
fact remained unresolved for 180 days.  The Indenture Trustee shall be under no
obligation under the Indenture or otherwise to monitor reallocation activity or
to independently determine which Reallocation Requests remain unresolved after
180 days.
(b)  Upon receipt of notice from the Indenture Trustee pursuant to Section
7.02(a) of the Indenture regarding the demand by the Noteholders or the Note
Owners to initiate a vote on whether a Review shall be conducted by the Asset
Representations Reviewer, the Servicer will include in the Monthly Investor
Report to be filed with the Form 10-D report for the Collection Period in which
such demand was received (i) a statement that Holders of a sufficient percentage
of the aggregate Note Balance of the Notes are requesting a full Noteholder vote
on whether to direct the Asset Representations Reviewer to conduct a Review and
(ii) a description of the applicable voting procedures, including the applicable
voting deadline, which shall be no earlier than 150 days after the date of the
filing of such Form 10-D report.
(c)  Upon receipt of the Review Notice from the Indenture Trustee pursuant to
Section 7.02 of the Indenture, the Servicer shall (i) identify as “Review
Assets” within the meaning of the Asset Representations Review Agreement all
2016-A Leases as to which the related Lessee was more than 60 days Delinquent as
of the last day of the Collection Period preceding the Collection Period in
which the vote of the Noteholders and Note Owners directing the Review took
place, (ii) provide to the Asset Representations Reviewer a list of such Review
Assets in accordance with Section 3.01 of the Asset Representations Review
Agreement, (iii) provide such other reasonable assistance to the Asset
Representations Reviewer as it may reasonably request in order to facilitate the
Review pursuant to the Asset Representations Review Agreement and (iv) include
in the Form 10-D report for the Collection Period in which the Review Notice was
received that the necessary percentage of the Noteholders and Note Owners of the
Note Balance of Notes voted have agreed to a Review and a Review will be
conducted.
(d)  Upon receipt of a copy of the Review Report from the Asset Representations
Reviewer pursuant to the Asset Representations Review Agreement, the Servicer
will include in the Monthly Investor Report to be filed with the Form 10-D
report for the Collection Period in which such Review Report was received a
summary of the results of the Review set forth in such Review Report.
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(e)  Upon receipt of a copy of the Review Report, the Servicer (i) will review
such Review Report and, with respect to any 2016-A Lease and related 2016-A
Vehicle as to which the Review Report indicated a Test Fail, make a
determination for each Test Fail whether a breach of a representation and
warranty that materially and adversely affects the interest of the Issuer in the
related 2016-A Lease or 2016-A Vehicle has occurred and (ii) may, or if it
determines that such a breach has occurred, shall deposit the related Repurchase
Payment with respect to such 2016-A Lease and related 2016-A Vehicle in
accordance with Section 3.05.
 
(f)  If during any Collection Period the Servicer receives notice or has actual
knowledge that the Asset Representations Reviewer has resigned or has been
removed, replaced or substituted, or if a successor Asset Representations
Reviewer has been appointed, the Servicer will include in the Form 10-D report
for such Collection Period the date of such event and a general statement of the
circumstances surrounding the change.
 
Section 3.11.  Dispute Resolution.
 
(a)  Referral to Dispute Resolution.  If any Requesting Party makes a
Reallocation Request, and the Reallocation Request has not fulfilled or
otherwise resolved to the reasonable satisfaction of the Requesting Party within
180 days of the Servicer’s receipt thereof, the Requesting Party may refer the
matter, in its discretion, to either mediation (including non-binding
arbitration) or binding third-party arbitration, or may file a legal action in
court of competent jurisdiction.  The Requesting Party must commence the
mediation or arbitration proceeding according to the ADR Rules of the ADR
Organization, or a court action according with applicable court procedures, in
each case within 90 days after the end of the 180-day period.  The Servicer
agrees to participate in the dispute resolution method selected by the
Requesting Party.  In no event shall the Indenture Trustee be a Requesting Party
or pursue dispute resolution unless it is directed to do so by the Noteholders
or Note Owners of at least 5% of the Controlling Class, and such Noteholders or
Note Owners shall have offered to the Indenture Trustee security or indemnity
satisfactory to it against the reasonable costs, expenses, disbursements,
advances and liabilities that might be incurred by it, its agents and its
counsel in compliance with such direction.
 
(b)  Mediation.  If the Requesting Party selects mediation (including
non-binding arbitration) for dispute resolution:
 
(i)  The mediation will be administered by the ADR Organization using its ADR
Rules.  However, if any ADR Rules are inconsistent with the procedures for
mediation stated in this Section, the procedures in this Section will control.
 
(ii)  A single mediator will be selected by the ADR Organization from a list of
neutrals maintained by it according to the ADR Rules.  The mediator must be
impartial, an attorney admitted to practice in the State of New York and have at
least 15 years of experience in commercial litigation and, if possible, consumer
finance or asset-backed securitization matters.
 
(iii)  The mediation will start within 15 days after the selection of the
mediator and conclude within 30 days after the start of the mediation.
 
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(iv)  Expenses of the mediation will be allocated to the parties as mutually
agreed by them as part of the mediation.
 
(v)  If the parties fail to agree at the completion of the mediation, the
Requesting Party may refer the Reallocation Request to arbitration under this
Section.
 
(c)  Arbitration.  If the Requesting Party selects binding arbitration for
dispute resolution:
 
(i)  The arbitration will be administered by the ADR Organization using its ADR
Rules.  However, if any ADR Rules are inconsistent with the procedures for
arbitration stated in this Section, the procedures in this Section will control.
 
(ii)  A single arbitrator will be selected by the ADR Organization from a list
of neutrals maintained by it according to the ADR Rules.  The arbitrator must be
impartial, an attorney admitted to practice in the State of New York and have at
least 15 years of experience in commercial litigation and, if possible, consumer
finance or asset-backed securitization matters.  The arbitrator will be
independent and impartial and will comply with the Code of Ethics for
Arbitrators in Commercial Disputes in effect at the time of the arbitration. 
Before accepting an appointment, the arbitrator must promptly disclose any
circumstances likely to create a reasonable inference of bias or conflict of
interest or likely to preclude completion of the proceedings within the stated
time schedule.  The arbitrator may be removed by the ADR Organization for cause
consisting of actual bias, conflict of interest or other serious potential for
conflict.
 
(iii)  The arbitrator will have the authority to schedule, hear and determine
any motions, according to New York law, and will do so at the motion of any
party.  Discovery will be scheduled for completion within 60 days of selection
of the arbitrator and will be limited for each party to two witness depositions
not to exceed five hours, two interrogatories, one document request and one
request for admissions.  However, the arbitrator may grant additional discovery
on a showing of good cause that the additional discovery is reasonable and
necessary.  Briefs will be limited to no more than ten pages each, and will be
limited to initial statements of the case, motions and a pre-hearing brief.  The
evidentiary hearing on the merits will start no later than 90 days after
selection of the arbitrator and will proceed for no more than ten Business Days
with equal time allocated to each party for the presentation of evidence and
cross examination.  The arbitrator may allow additional time for discovery and
hearings on a showing of good cause or due to unavoidable delays.
 
(iv)  The arbitrator will make its final determination no later than 120 days
after its selection.  The arbitrator will resolve the dispute according to the
terms of this Agreement and the other 2016-A Basic Documents, and may not modify
or change this Agreement or the other 2016-A Basic Documents in any way.  The
arbitrator will not have the power to award punitive damages or consequential
damages in any arbitration conducted by them.  In its final determination, the
arbitrator will determine and award the expenses of the arbitration (including
filing fees, the fees of the arbitrator, expense of any record or transcript of
the arbitration and administrative fees) to the parties in its
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reasonable discretion.  The determination of the arbitrator will be in writing
and counterpart copies will be promptly delivered to the parties.  The
determination will be final and non-appealable, except for actions to confirm or
vacate the determination permitted under federal or State law, and may be
entered and enforced in any court of competent jurisdiction.
 
(v)  By selecting binding arbitration, the Requesting Party waives the right to
bring an action in court, including the right to a trial by jury.
 
(vi)  The Requesting Party may not, and hereby waives any right, to bring a
putative or certificated class action or any type of representative action to
arbitration.  If this waiver of class action rights is found to be unenforceable
for any reason, the Requesting Party agrees that it will bring its claims in a
court of competent jurisdiction.
 
(d)  Additional Conditions.  For each mediation or arbitration:
 
(i)  Any mediation or arbitration will be held in New York, New York at the
offices of the mediator or arbitrator or at another location selected by the
Servicer.  Any party or witness may participate by teleconference or video
conference.
 
(ii)  The Servicer and the Requesting Party will have the right to seek
provisional relief from a competent court of law, including a temporary
restraining order, preliminary injunction or attachment order, if such relief is
available by law.
 
(iii)  The Servicer shall not be required to produce personally identifiable
customer information for purposes of any mediation or arbitration.  The
existence and details of any unresolved Reallocation Request, any informal
meetings, mediations or arbitration proceedings , the nature and amount of any
relief sought or granted, any offers or statements made and any discovery taken
in the proceeding, will be confidential, privileged and inadmissible for any
purpose in any mediation, arbitration, litigation or other proceeding.  The
parties will keep this information confidential and will not disclose or discuss
it with any third party (other than a party's attorneys, experts, accountants
and other advisors, as reasonably required in connection with the mediation or
arbitration proceeding under this Section, except as required by law, regulatory
requirement or court order.  If a party to a mediation or arbitration proceeding
receives a subpoena or other request for information from a third party (other
than a governmental regulatory body) for confidential information of the other
party to the mediation or arbitration proceeding, the recipient will promptly
notify the other party and will provide the other party with the opportunity to
object to the production of its confidential information.
 
(iv)  To the extent the Indenture Trustee is found responsible for any expenses
allocated to the Requesting Party in any dispute resolution proceeding, such
expenses shall be payable to the Indenture Trustee pursuant to Section 8.03 or
Section 5.04 of the Indenture, as applicable, and  if not so paid, then by the
Servicer.
 
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ARTICLE FOUR

ACCOUNTS, COLLECTIONS AND APPLICATION OF FUNDS
 
Section 4.01.  2016-A Bank Accounts.
 
(a)  Establishment of 2016-A Bank Accounts.  On or before the 2016-A Exchange
Note Issuance Date, the Servicer will establish the 2016-A Bank Accounts as
three segregated trust accounts, and maintain each as an Eligible Account at the
Securities Intermediary on behalf of the Indenture Trustee, to be designated as:
 
(i)  “U.S. Bank National Association, as Indenture Trustee, as secured party for
Mercedes-Benz Auto Lease Trust 2016-A” that will be designated as the “2016-A
Exchange Note Collection Account”;
 
(ii)  “U.S. Bank National Association, as Indenture Trustee, as secured party
for Mercedes-Benz Auto Lease Trust 2016-A” that will be designated as the
“2016-A Distribution Account”; and
 
(iii)  “U.S. Bank National Association, as Indenture Trustee, as secured party
for Mercedes-Benz Auto Lease Trust 2016-A” that will be designated as the
“2016-A Reserve Account.”
 
Initially, the 2016-A Exchange Note Collection Account will be account number
183623000, the 2016-A Distribution Account will be account number 183623001 and
the 2016-A Reserve Account will be account number 183623002.
 
(b)  Control of the 2016-A Bank Accounts.  Each of the 2016-A Bank Accounts will
be under the sole dominion and control of the Indenture Trustee, as secured
party for the benefit of the 2016-A Secured Parties, so long as the 2016-A Bank
Accounts remain subject to the Lien of the Indenture.  Following the payment in
full of (i) the 2016-A ABS Notes and the release of the 2016-A Bank Accounts
from the Lien of the Indenture, (A) at the direction of the Servicer, the 2016-A
Distribution Account and the 2016-A Reserve Account may be closed and (B) the
2016-A Exchange Note Collection Account will be under the sole dominion and
control of the Collateral Agent and (ii) the 2016-A Exchange Note, the 2016-A
Exchange Note Collection Account will be under the sole dominion and control of
the Borrower and may, at the direction of the Borrower, be closed.  The Servicer
may, however, make deposits to or request the Indenture Trustee (or, after the
Note Balance of the 2016-A ABS Notes has been reduced to zero and the 2016-A
Bank Accounts have been released from the Lien of the Indenture, the Collateral
Agent, and following the payment in full of the 2016-A Exchange Note, the
Borrower) to make deposits to or withdrawals from the 2016-A Exchange Note
Collection Account in accordance with the 2016-A Exchange Note Supplement, the
Indenture, the Collateral Agency Agreement and this 2016-A Servicing
Supplement.  All monies deposited in the 2016-A Exchange Note Collection Account
will be held (i) until the Note Balance of the 2016-A ABS Notes has been reduced
to zero, all Issuer Obligations have been paid in full and the 2016-A Bank
Accounts have been released from the Lien under the Indenture, by the Indenture
Trustee, (ii) until the payment in full of the 2016-A Exchange Note, by the
Collateral Agent and (iii) following the payment in full
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of the 2016-A Exchange Note, by or on behalf of the Borrower, and in each case
will be applied only upon the terms and conditions of the 2016-A Basic
Documents, as applicable.  The authority of the Servicer to make deposits to the
2016-A Bank Accounts is revocable at any time (i) by the Indenture Trustee until
the Note Balance of the 2016-A ABS Notes has been reduced to zero and the 2016-A
Bank Accounts have been released from the Lien of the Indenture, (ii) then, by
the Collateral Agent until the payment in full of the 2016-A Exchange Note, and
(iii) thereafter by the Borrower.
 
(c)  Agreement with Depository Institution.  The 2016-A Bank Accounts will only
be established at a depository institution or trust company that complies with
the requirements set forth in Section 5.02(d) of the Basic Servicing Agreement.
 
Section 4.02.  Remittances.
 
(a)  For so long as the Monthly Remittance Condition (i) is not met, the
Servicer shall remit into the 2016-A Exchange Note Collection Account all 2016-A
Collections within two Business Days after receipt and identification and (ii)
is met, the Servicer will remit to the 2016-A Exchange Note Collection Account
an amount equal to all 2016-A Collections for a Collection Period no later than
the related Deposit Date.
 
(b)  Pending deposit into the 2016-A Exchange Note Collection Account, the
Servicer may use such 2016-A Collections at its own risk and for its own benefit
and is not required to segregate 2016-A Collections from its own funds.
 
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ARTICLE FIVE

TERMINATION
 
Section 5.01.  Optional Termination.
 
(a)  On any Payment Date on which the Outstanding Amount is equal to or less
than 5% of the Initial Note Balance, after giving effect to all principal
payments on such Payment Date, the Servicer will have the option to purchase the
2016-A Exchange Note in whole but not in part.  To exercise such option, the
Servicer will (i) notify the Borrower, the Collateral Agent, the Administrative
Agent and the Indenture Trustee of such election not fewer than ten and not more
than 30 days prior to the related Payment Date and (ii) deposit in the 2016-A
Exchange Note Collection Account an amount equal to the 2016-A Exchange Note
Purchase Price.  The 2016-A ABS Notes shall be redeemed in accordance with
Section 10.01 of the Indenture.
 
(b)  Upon purchase of the 2016-A Exchange Note by the Servicer pursuant to this
Section and upon redemption of the Notes and the payment of all Issuer
Obligations in full, pursuant to Section 4.06 of the Basic Collateral Agency
Agreement, the Borrower shall cancel the 2016-A Exchange Note and the 2016-A
Leases and 2016-A Vehicles shall be reallocated to the Revolving Facility Pool.
 
(c)  If in any Collection Period the Servicer reasonably believes that the
Outstanding Amount will be less than or equal to 5% of the Initial Note Balance
as of the last day of such Collection Period and expects to provide the notice
required in Section 5.01(a) and thereafter to purchase the 2016-A Exchange Note,
the Servicer agrees to give to the Indenture Trustee notice thereof at least 30
days prior to the Payment Date on which such purchase is expected to be
effected; provided that such notice shall not create an obligation on behalf of
the Servicer to effect, nor be condition precedent to Servicer’s effecting, such
purchase on such Payment Date.
 
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ARTICLE SIX

REPORTS AND NOTICES
 
Section 6.01.  Monthly Reports.
 
(a)  On or prior to each Determination Date, the Servicer will deliver to the
Lender, the Collateral Agent, the Administrative Agent and the Transferor a
Monthly Exchange Note Report for the related Collection Period; provided, that
the Servicer may satisfy this obligation by delivering the Monthly Investor
Report for the related Collection Period and the Monthly Investor Report also
constitutes as the Monthly Exchange Note Report for this 2016-A Servicing
Supplement.
 
(b)  On or prior to each Determination Date, the Servicer will deliver to the
Trustees and the Transferor a Monthly Investor Report for the related Collection
Period.
 
Section 6.02.  Notices and Certificates Under the Basic Servicing Agreement. 
Any notice or certificate received by the Servicer or delivered by the Servicer
under the Basic Servicing Agreement relating to the 2016-A Reference Pool will
be forwarded by the Servicer to the Indenture Trustee within five Business Days
of delivery or receipt thereof by the Servicer.
 
Section 6.03.  Annual Officer’s Certificate.
 
(a)  The Servicer will deliver to the Rating Agencies, the Transferor and the
Trustees on or before the 90th day following the end of each fiscal year,
beginning with the fiscal year ending December 31, 2016 an Officers’ Certificate
signed by a Responsible Officer of the Servicer stating that (i) a review of the
activities of the Servicer during the preceding 12-month period (or such shorter
period in the case of the first such Officer's Certificate) and of the
performance of its obligations under this 2016-A Servicing Supplement has been
made under such officer's supervision and (ii) to such officer's knowledge,
based on such review, the Servicer has fulfilled all its obligations under this
2016-A Servicing Supplement in all material respects throughout such period or,
if there has been a failure in the fulfillment of any such obligation,
specifying each such failure known to such officer and the nature and status
thereof.
 
(b)  The Servicer will deliver to the Transferor and the Trustees on or before
the 90th day following the end of each fiscal year, beginning with the fiscal
year ending December 31, 2016, a report regarding the Servicer’s assessment of
compliance with the Servicing Criteria during the immediately preceding calendar
year (or such shorter period in the case of the first such report) including
disclosure of any material instance of non-compliance identified by the
Servicer, in the form specified by paragraph (b) of Rule 13a-18 or Rule 15d-18
of the Exchange Act and Item 1122 of Regulation AB, which report shall address
each of the Servicing Criteria specified with respect to the Servicer in Exhibit
E hereto delivered to the Issuer and the Administrator concurrently with the
execution of this Agreement.
 
(c)  Deliveries pursuant to this Section may be delivered by e-mail. A copy of
the documents delivered pursuant to this Section may be obtained by any
Noteholder or Person certifying it is a Note Owner by a request in writing to
the Indenture Trustee at its Corporate Trust Office.
 
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Section 6.04.  Annual Independent Public Accountants’ Attestation.
 
(a)  On or before the 90th day following the end of each fiscal year, beginning
with the fiscal year ending December 31, 2016, the Servicer shall cause a firm
of independent public accountants (who may also render other services to the
Servicer, the Transferor or their respective Affiliates) to furnish to the
Transferor and the Trustees each attestation report on assessments of compliance
with the Servicing Criteria with respect to the Servicer during the related
fiscal year (or such shorter period in the case of the first such attestation
report) delivered by such accountants in the form specified by paragraph (c) of
Rule 13a-18 or Rule 15d-18 of the Exchange Act and Item 1122 of Regulation AB. 
The certification required by this paragraph may be replaced by any similar
certification using other procedures or attestation standards which are now or
in the future in use by servicers of comparable assets or which otherwise comply
with any rule, regulation, “no action” letter or similar guidance promulgated by
the Commission.
 
(b)  Deliveries pursuant to this Section may be delivered by e-mail.  A copy of
the documents delivered pursuant to this Section may be obtained by any
Noteholder or Person certifying it is a Note Owner by a request in writing to
the Indenture Trustee at its Corporate Trust Office.
 
Section 6.05.  Statements to Securityholders.  Within the prescribed period of
time for tax reporting purposes after the end of each calendar year during the
term of the Issuer, but not later than the latest date permitted by law, the
Servicer shall cause each Trustee to mail to each Person who at any time during
such calendar year shall have been a Securityholder, a statement, prepared by
the Servicer, containing certain information for such calendar year or, in the
event such Person shall have been a Securityholder during a portion of such
calendar year, for the applicable portion of such year, for the purposes of such
Securityholder’s preparation of federal income tax returns.  In addition, the
Servicer shall furnish to the Trustees for distribution to such Person at such
time such other information necessary under Applicable Law for the preparation
of such income tax returns.
 
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ARTICLE SEVEN

SERVICER EVENTS OF DEFAULT
 
Section 7.01.  Servicer Events of Default.
 
(a)  Notwithstanding Section 8.03 of the Basic Servicing Agreement, only the
occurrence and continuation of any of the following events will be an “Exchange
Note Servicer Event of Default” with respect to the 2016-A Exchange Note, and
the “Exchange Note Servicer Events of Default” set forth in Section 8.03(a) of
the Basic Servicing Agreement shall not apply to the 2016-A Exchange Note or to
this 2016-A Servicing Supplement:
 
(i)  any failure by the Servicer to deliver to the Indenture Trustee any
proceeds or payment required to be so delivered with respect to the 2016-A
Exchange Note under the Basic Servicing Agreement or this 2016-A Servicing
Supplement that continues unremedied for ten Business Days after the earlier of
the date on which (A) notice of such failure is given to the Servicer by the
Indenture Trustee or (B) an Authorized Officer of the Servicer has actual
knowledge of such failure;
 
(ii)  any failure by the Servicer to duly observe or perform in any material
respect any other of its covenants or agreements in the 2016-A Servicing
Agreement, which failure materially and adversely affects the rights of holders
of interests in the 2016-A Exchange Note, the Noteholders or, in the event that
Certificates are sold to unaffiliated third parties, the Certificateholders, and
which continues unremedied for 90 days after written notice thereof is given to
the Servicer by the Indenture Trustee;
 
(iii)  any representation, warranty or statement of the Servicer made in the
2016-A Servicing Agreement or any certificate, report or other writing delivered
pursuant to the 2016-A Servicing Agreement shall prove to be incorrect in any
material respect when made, which failure materially and adversely affects the
rights of holders of interests in the 2016-A Exchange Note, the Noteholders or,
in the event that Certificates are sold to unaffiliated third parties, the
Certificateholders, and which failure continues unremedied for 90 days after
written notice thereof is given to the Servicer by the Indenture Trustee; or
 
(iv)  the occurrence of certain Insolvency Events with respect to the Servicer;
 
provided, however, that the occurrence of any event set forth in clauses (i)
through (iii) with respect to the 2016-A Reference Pool will be an Exchange Note
Servicer Event of Default only with respect to the 2016-A Reference Pool and
will not be a Servicer Event Default with respect to any other Reference Pool or
the Revolving Facility Pool.
 
Notwithstanding the foregoing, a delay in or failure of performance referred to
under clause (i), (ii) or (iii) for a period of 120 days will not constitute an
Exchange Note Servicer Event of Default if that failure or delay was caused by
Force Majeure.  Upon the occurrence of any such event, the Servicer will not be
relieved from using all commercially reasonable efforts to perform its
obligations in a timely manner in accordance with the terms of the Basic
Servicing Agreement and this 2016-A Servicing Supplement.
 
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(b)  With respect to actions taken under Section 8.03(c) of the Basic Servicing
Agreement after the occurrence of an Exchange Note Servicer Event of Default,
any actions to be taken by the 2016-A Exchange Noteholder thereunder shall be
exercised by the Indenture Trustee, acting at the direction of 66 2/3% of the
Holders of the Outstanding Amount of the Controlling Class.
 
(c)  In accordance with Section 8.05 of the Basic Servicing Agreement, after the
occurrence of an Exchange Note Servicer Event of Default, the 2016-A Exchange
Noteholder (which for purposes of this Section shall be the Indenture Trustee,
acting at the direction of 66 2/3% of the Holders of the Outstanding Amount of
the Controlling Class) may waive any such Servicer Event of Default and its
consequences.  Upon any such waiver, the applicable Exchange Note Servicer Event
of Default will cease to exist, and will be deemed to have been remedied for
every purpose of this Agreement.  No such waiver will extend to any subsequent
or other event or impair any right consequent thereon.
 
(d)  On or after the receipt by the Servicer of notice of an Exchange Note
Servicer Event of Default, all authority and power of the Servicer under this
2016-A Servicing Supplement, whether with respect to the Notes, the
Certificates, the Trust Estate or otherwise, shall, without further action, pass
to and be vested in the Indenture Trustee or such Successor Servicer as may be
appointed pursuant to the terms of the Basic Servicing Agreement.  If the
Indenture Trustee shall become Successor Servicer pursuant to this Section
7.01(a), the Indenture Trustee shall be entitled to appoint as sub-Servicer any
one of its Affiliates or agents; provided that the Indenture Trustee in its
capacity as Servicer shall be fully liable for the actions or omissions of such
Affiliate or agent in such capacity as sub-Servicer.  The outgoing Servicer
shall cooperate with the Indenture Trustee, the Owner Trustee and such Successor
Servicer in effecting the termination of the responsibilities and rights of the
outgoing Servicer under this 2016-A Servicing Supplement, including the transfer
to the Indenture Trustee or such Successor Servicer for administration by it of
all cash amounts that shall at the time be held by the outgoing Servicer for
deposit, or have been deposited by the outgoing Servicer, in the 2016-A Bank
Accounts or thereafter received with respect to the 2016-A Leases and 2016-A
Vehicles and all information or documents that the Indenture Trustee or such
Successor Servicer may require, and the Successor Servicer shall not be liable
if it cannot perform due to the failure of the predecessor Servicer to so
deliver.  In addition, the Servicer shall transfer its electronic records
relating to the 2016-A Leases and 2016-A Vehicles to the Successor Servicer in
such electronic form as the Successor Servicer may reasonably request.  All
Transition Costs shall be paid by the outgoing Servicer (or by the initial
Servicer if the outgoing Servicer is the Indenture Trustee acting on an interim
basis) upon presentation of reasonable documentation of such costs and expenses.
 
(e)  Notwithstanding Section 7.01(d), if the Indenture Trustee shall be
unwilling so to act or if it is legally unable so to act, a Successor Servicer
shall be appointed in accordance with Section 8.04 of the Basic Servicing
Agreement.  Compensation for any Successor Servicer shall not be greater than
that payable to MBFS USA as initial Servicer hereunder without the prior consent
of the Majority Noteholders of the Controlling Class (or Holders of Certificates
representing not less than 51% of the aggregate Certificate Percentage Interests
then outstanding if the Notes are no longer Outstanding).  The Indenture Trustee
and such successor shall take such action, consistent with this 2016-A Servicing
Supplement, as shall be necessary to
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effectuate any such succession.  The Indenture Trustee shall not be relieved of
its duties as Successor Servicer under this Section until a newly appointed
Servicer shall have assumed the obligations and duties of the terminated
Servicer under this 2016-A Servicing  Supplement.  Notwithstanding anything to
the contrary contained herein, in no event shall the Indenture Trustee be liable
for any servicing fee or for any differential in the amount of the servicing fee
paid hereunder, the amount necessary to induce any Successor Servicer to act as
Successor Servicer hereunder or the responsibilities of the Servicer set forth
in Sections 3.05 and 3.10 hereunder.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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ARTICLE EIGHT

MISCELLANEOUS
 
Section 8.01.  Amendments.
 
(a) This 2016-A Servicing Supplement and the Basic Servicing Agreement, as
supplemented by this 2016-A Servicing Supplement, may be amended in accordance
with Section 10.01 of the Basic Servicing Agreement without the consent of any
Securityholder, to cure any ambiguity, to correct or supplement any provision
herein which may be inconsistent with any other provision herein or to add,
change or eliminate any other provision with respect to matters or questions
arising under this 2016-A Servicing Supplement that are not inconsistent with
the provisions of this 2016-A Servicing Supplement; provided, that (i) the
Servicer shall have delivered to the Indenture Trustee an Opinion of Counsel or
an Officer’s Certificate of the Issuer to the effect that such action will not
materially adversely affect the interests of any Noteholders or (ii) the Rating
Agency Condition shall have been satisfied with respect to such amendment.
 
(b) Each amendment, supplement or other modification of this 2016-A Servicing
Supplement other than those provided for in Section 7.01(a) requires the consent
of the Majority Noteholders of the Controlling Class (or if the Notes are no
longer Outstanding, Holders of Certificates evidencing not less than a majority
of the aggregate Certificate Percentage Interests); provided, however, that no
such amendment may (i) increase or reduce in any manner the amount of, or
accelerate or delay the timing of, or change the allocation or priority of,
collections of payments on or in respect of the 2016-A Leases and 2016-A
Vehicles or distributions that are required to be made for the benefit of the
Securityholders, change the Interest Rate applicable to any class of Notes or
the Required Reserve Amount for the 2016-A Reserve Account, without the consent
of all holders of Notes then Outstanding or (ii) reduce the percentage of the
Note Balance of the Notes or of the Controlling Class the consent of the Holders
of which is required for any amendment to this 2016-A Servicing Supplement
without the consent of all Holders of Notes or of the Controlling Class then
Outstanding.
 
(c) It shall not be necessary for the consent of any Person pursuant to this
Section for such Person to approve the particular form of any proposed
amendment, but it shall be sufficient if such Person consents to the substance
thereof.
 
(d) Promptly upon the execution of any such amendment, (i) the Servicer will
send a copy of such amendment to the Indenture Trustee and the Rating Agencies
and (ii) the Indenture Trustee will deliver to each Holder of a 2016-A ABS Note
a copy of such amendment.
 
Section 8.02.  Successors and Assigns.  All covenants and agreements in the
Basic Servicing Agreement, as supplemented by this 2016-A Servicing Supplement,
shall be binding upon, and inure to the benefit of, the parties hereto and their
successors and assigns.  Any request, notice, direction, consent, waiver or
other instrument or action by the parties hereto shall bind their respective
successors and assigns.
 
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Section 8.03.  Third-Party Beneficiaries.  The Issuer and the Indenture Trustee,
as holder and pledgee, respectively, of the 2016-A Exchange Note, and their
respective successors, permitted assigns and pledges are third-party
beneficiaries of the obligations of the parties hereto and may directly enforce
the performance of any such obligations hereunder.
 
Section 8.04.  No Petition.  Each of the Servicer and the Collateral Agent
covenants and agrees that for a period of one year and one day (or, if longer,
any applicable preference period) after payment in full of all Exchange Notes
and all outstanding Securities, it will not institute against, or join any
Person in instituting against, the Titling Trust, the Initial Beneficiary or the
Transferor any bankruptcy, reorganization, arrangement, insolvency or
liquidation Proceedings, or other Proceedings under any Insolvency Law in
connection with any obligations relating to the 2016-A ABS Notes, the 2016-A
Exchange Note or the 2016-A Basic Documents and agrees that it will not
cooperate with or encourage others to institute any such Proceeding.
 
Section 8.05.  GOVERNING LAW; SUBMISSION TO JURISDICTION.
 
(a) THIS 2016-A SERVICING SUPPLEMENT SHALL BE GOVERNED BY AND CONSTRUED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO ANY
OTHERWISE APPLICABLE PRINCIPLES OF CONFLICTS OF LAWS (OTHER THAN SECTION 5-1401
OF THE NEW YORK GENERAL OBLIGATIONS LAW), AND THE OBLIGATIONS, RIGHTS AND
REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH
LAWS.
 
(b) Each party to this 2016-A Servicing Supplement submits to the nonexclusive
jurisdiction of the United States District Court for the Southern District of
New York and of any New York State Court sitting in New York, New York for
purposes of all Proceedings arising out of or relating to this 2016-A Servicing
Supplement or the transactions contemplated by the 2016-A Basic Documents.  Each
party to this 2016-A Servicing Supplement irrevocably waives, to the fullest
extent it may do so, any objection that it may now or hereafter have to the
laying of the venue of any such Proceeding brought in such a court and any claim
that any such Proceeding brought in such a court has been brought in an
inconvenient forum.
 
Section 8.06.  WAIVER OF JURY TRIAL.  EACH PARTY TO THIS 2016-A SERVICING
SUPPLEMENT IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE
LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF
OR RELATING TO ANY 2016-A BASIC DOCUMENT OR THE TRANSACTIONS CONTEMPLATED BY ANY
2016-A BASIC DOCUMENT.
 
Section 8.07.  Severability.  If any one or more of the covenants, agreements,
provisions or terms of this 2016-A Servicing Supplement or the 2016-A Servicing
Agreement is held invalid, illegal or unenforceable, then such covenants,
agreements, provisions or terms will be deemed severable from the remaining
covenants, agreements, provisions and terms of this 2016-A Servicing Supplement
or the 2016-A Servicing Agreement, as applicable, and will in no way affect the
validity, legality or enforceability of the other covenants, agreements,
provisions and terms of this 2016-A Servicing Supplement or the 2016-A Servicing
Agreement.
 
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Section 8.08.  Counterparts.  This 2016-A Servicing Supplement may be executed
in any number of counterparts, each of which will be an original, and all of
which will together constitute one and the same instrument.
 
Section 8.09.  Table of Contents and Headings.  The Table of Contents and the
various headings in this 2016-A Servicing Supplement are included for
convenience only and will not affect the meaning or interpretation of any
provision of this 2016-A Servicing Supplement.
 
Section 8.10.  Conflict with Basic Servicing Agreement.  In the event of any
conflict between this 2016-A Servicing Supplement and the Basic Servicing
Agreement, the terms of this 2016-A Servicing Supplement will prevail.
 
Section 8.11.  No Recourse.  It is expressly understood and agreed by the
parties that (i) this document is executed and delivered by BNYM, not
individually or personally, but solely as Titling Trustee, in the exercise of
the powers and authority conferred and vested in it, (ii) each of the
representations, undertakings and agreements herein made on the part of the
Titling Trust is made and intended not as personal representations, undertakings
and agreements by BNYM but is made and intended for the purpose for binding only
the Titling Trust, (iii) nothing herein contained shall be construed as creating
any liability on BNYM, individually or personally, to perform any covenant
either expressed or implied contained herein, all such liability, if any, being
expressly waived by the parties hereto and by any person claiming by, through or
under the parties hereto and (iv) under no circumstances shall BNYM be
personally liable for the payment of any indebtedness or expenses of the Titling
Trust or be liable for the breach or failure of any obligation, representation,
warranty or covenant made or undertaken by the Titling Trust under this document
or any other related documents.
 
Section 8.12.  Each Exchange Note Separate; Assignees of Exchange Note.  Each
party hereto acknowledges and agrees (and each holder or pledgee of the 2016-A
Exchange Note, by virtue of its acceptance of such 2016-A Exchange Note or
pledge thereof acknowledges and agrees) that (i) the Specified Interest is a
separate series of the Titling Trust as provided in Section 3806(b)(2) of
Chapter 38 of Title 12 of the Delaware Code, 12 Del. Code Section 3801 et seq.,
(ii) the debts, liabilities, obligations and expenses incurred, contracted for
or otherwise existing with respect to (a) the 2016-A Exchange Note or the
related 2016-A Reference Pool shall be enforceable against such 2016-A Reference
Pool only and not against any other Reference Pool or the Revolving Facility
Pool and (b) any other Exchange Note, any other Reference Pool or the Revolving
Facility Pool shall be enforceable against such other Exchange Note, other
Reference Pools, or the Revolving Facility Pool only, as applicable, and not
against the 2016-A Exchange Note or any 2016-A Lease or 2016-A Vehicle included
in the 2016-A Reference Pool, (iii) except to the extent required by law, the
leases and the related leased vehicles included in the Revolving Facility Pool
or leases and the related leased vehicles included in any other Reference Pool
with respect to any other Exchange Note (other than the 2016-A Exchange Note
transferred hereunder which is related to the 2016-A Reference Pool) shall not
be subject to the claims, debts, liabilities, expenses or obligations arising
from or with respect to the 2016-A Exchange Note in respect of such claim, (iv)
no creditor or holder of a claim relating to (a) the 2016-A Exchange Note or the
related 2016-A Reference Pool shall be entitled to maintain any action against
or recover any assets allocated to any other Reference Pool, the Revolving
Facility Pool or any other Exchange Note or the assets allocated thereto
22

--------------------------------------------------------------------------------

(except to the extent of amounts available to such Persons on a fully
subordinated basis), and (b) any other Reference Pool, the Revolving Facility
Pool or any other Exchange Note other than the 2016-A Exchange Note related to
the 2016-A Reference Pool shall be entitled to maintain any action against or
recover any assets allocated to the 2016-A Reference Pool and (v) any purchaser,
assignee or pledgee of an interest in the 2016-A Reference Pool or, the 2016-A
Exchange Note, must, prior to or contemporaneously with the grant of any such
assignment, pledge or security interest, (a) give to the Titling Trust a
non-petition covenant substantially similar to that set forth in Section 11.10
of the Titling Trust Agreement and (b) execute an agreement for the benefit of
each holder, assignee or pledgee from time to time of any other Exchange Note to
release all claims to the assets of the Titling Trust allocated to the Revolving
Facility Pool and each other Reference Pool and, in the event that such release
is not given effect, to fully subordinate all claims it may be deemed to have
against the assets of the Titling Trust allocated to the Revolving Facility Pool
and each other Reference Pool.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
23

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IN WITNESS WHEREOF, the parties hereto have caused this 2016-A Servicing
Supplement to be duly executed by their respective officers duly authorized as
of the day and year first above written.
 

 
MERCEDES-BENZ FINANCIAL SERVICES
USA LLC, as Servicer
         
 
By:
/s/ Kenneth D. Casper       Name: Kenneth D. Casper       Title:   Vice
President          

 

 
MERCEDES-BENZ FINANCIAL SERVICES
USA LLC, as Lender
         
 
By:
/s/ Kenneth D. Casper       Name: Kenneth D. Casper       Title:   Vice
President          

 

 
DAIMLER TRUST,
as Titling Trust
            By: BNY MELLON TRUST OF DELAWARE (f/k/a BNYM (Delaware))
(f/k/a The Bank of New York (Delaware)),
not in its individual capacity but solely as Titling Trustee          
 
By:
/s/ Kristine K. Gullo       Name: Kristine K. Gullo       Title:   Vice
President          

 

 
DAIMLER TITLE CO.,
as Collateral Agent
         
 
By:
/s/ Melissa A. Rosal       Name: Melissa A. Rosal       Title:   President      
   

 
 
 
2016-A Servicing Supplement

--------------------------------------------------------------------------------

EXHIBIT A
 
2016-A REFERENCE POOL ASSET SCHEDULE

(On file with the Collateral Agent)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
A-1

--------------------------------------------------------------------------------

EXHIBIT B
 
2016-A LEASE AND 2016-A VEHICLE REPRESENTATIONS AND WARRANTIES
 
(i) Origination.  The 2016-A Lease is a Stand-Alone Lease that was originated
(a) by a Dealer, (b) on or after January 4, 2012, (c) pursuant to an agreement
which allows for recourse to the Dealer in the event of certain defects in the
2016-A Lease (but not for a default by the related Lessee) and (d) in
substantial compliance with the Credit and Collection Policy.
 
(ii) Leases.  The 2016-A Lease constitutes “tangible chattel paper” within the
meaning of Section 9-102 of the UCC.
 
(iii) Leased Vehicle.  The related 2016-A Vehicle is a Mercedes-Benz passenger
car, sport utility vehicle or a smart automobile that was new at the time of the
origination of the related 2016-A Lease.
 
(iv) Certificate of Title and Lienholder.  The 2016-A Vehicle was titled in a
State, or the Servicer has started procedures that will result in the 2016-A
Vehicle being titled, in accordance with the Titling Trust Agreement and in a
manner acceptable to the related Registrar of Titles, and the Collateral Agent
is or will be noted as lienholder of the 2016-A Vehicle (other than in Kansas,
Missouri, Nebraska or South Dakota) and such lien is a perfected first priority
security interest.
 
(v) Lessee.  The related Lessee is a Person other than MBFS USA, any Affiliate
thereof or a Governmental Authority and, at the time of origination of the
2016-A Lease, based on information provided by the Lessee, the Lessee is located
in and has a billing address within a State.
 
(vi) Closed-End Lease; Payment in Dollars.  The 2016-A Lease is payable solely
in Dollars in the United States and is a closed-end lease that provides for
equal monthly payments by the Lessee, which scheduled payments, if made when
due, fully amortize to an amount equal to the Booked Residual Value of the
related 2016-A Vehicle based upon the related Contract Rate.
 
(vii) One Original.  There is only one original executed copy of the 2016-A
Lease.  The Servicer, or its custodian, has possession of such original, which
does not have any marks or notations indicating that it has been pledged,
assigned or otherwise conveyed to any Person other than the Titling Trust.
 
(viii) Compliance with Law.  The 2016-A Lease complied in all material respects
at the time it was originated and, as of the 2016-A Cutoff Date, will comply in
all material respects with all requirements of federal, State and local laws.
 
(ix) Enforceability.  The 2016-A Lease was fully and properly executed by the
parties thereto and such 2016-A Lease represents the legal, valid and binding
full-recourse payment obligation of the related Lessee, enforceable against such
Lessee in accordance with its terms,
B-1

--------------------------------------------------------------------------------

except as enforceability is subject to or limited by bankruptcy, reorganization,
insolvency, fraudulent conveyance, moratorium and other similar laws affecting
the enforcement of creditors’ rights in general or principles of equity (whether
considered in a suit at law or in equity).
 
(x) Title to the Lease and Leased Vehicle.  Neither the 2016-A Lease nor the
2016-A Vehicle has been sold, transferred, assigned, pledged or granted by any
Dealer to any Person other than the Titling Trust.  The Titling Trust has good
and marketable title to such 2016-A Lease and 2016-A Vehicle, free and clear of
any Liens (other than Permitted Liens), participations and rights of others,
including, to the knowledge of the Servicer, Liens (other than Permitted Liens)
or claims for work, labor or material relating to such 2016-A Vehicle.
 
(xi) Lease in Full Force and Effect; No Waiver.  The 2016-A Lease is in full
force and effect and not satisfied, subordinated or rescinded and no provision
of the 2016-A Lease has been waived in any manner that causes or could cause
such 2016-A Lease to not qualify with the other criteria set forth herein.
 
(xii) No Defenses.  The 2016-A Lease is not subject to any right of rescission,
cancellation, setoff, claim, counterclaim or any other defense (including
defenses arising out of violations of usury laws) of the related Lessee to
payment of the amounts due thereunder, and no such right of rescission,
cancellation, set-off, claim, counterclaim or any other defense (including
defenses arising out of violations of usury laws) has been asserted or
threatened.
 
(xiii) Assignability.  The 2016-A Lease is fully assignable and does not require
the consent of the related Lessee or any other Person as a condition to any
transfer, sale or assignment of the rights thereunder to the Titling Trust.
 
(xiv) Lease Term.  As of its origination date, the 2016-A Lease had an original
Lease Term of no less than 12 months and no more than 60 months.
 
(xv) Insurance.  As of the time of origination of the 2016-A Lease, the related
lease agreement required the related Lessee to obtain physical damage insurance
covering the related 2016-A Vehicle.
 
(xvi) No Bankruptcy.  As of the 2016-A Cutoff Date, the Servicer has not
received actual notice that the Lessee on any 2016-A Lease is a debtor in a
bankruptcy proceeding.
 
(xvii) No Extensions.  The 2016-A Lease has not been extended or otherwise been
deferred, but may have been modified in accordance with the Credit and
Collection Policy so long as such modification did not cause such 2016-A Lease
to not qualify with the other criteria set forth herein.
 
(xviii) Delinquencies; No Payment Default.  As of the 2016-A Cutoff Date, none
of the 2016-A Leases is Delinquent by more than 30 days.  As of the Cutoff Date,
none of the 2016-A Leases is a Defaulted Lease.
 
(xix) Securitization Value.  As of the 2016-A Cutoff Date, each 2016-A Lease had
a Securitization Value not less than $15,000 and no more than $200,000.
 
B-2

--------------------------------------------------------------------------------

(xx) FICO Score.  As of its origination date, the Lessee under the 2016-A Lease
had a FICO score of not less than 651.
 
(xxi) No Allocation to Other Specified Interest.  The 2016-A Lease and the
related 2016-A Vehicle allocated to the 2016-A Reference Pool has not been
allocated to any Reference Pool other than the 2016-A Reference Pool.
 
(xxii) Model Year.  The related 2016-A Vehicle has a model year between 2012 and
2016.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
B-3

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EXHIBIT C
 
FORM OF MONTHLY INVESTOR REPORT
 

Mercedes-Benz Auto Lease Trust 2016-A
 
 
 
 
 
 
 
 
 
 
 
Investor Report
 
 
 
 
 
 
 
 
 
 
 
Collection Period Ended
 
 
 
 
DD-Mon-YYYY
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 `
 
 
 
 
 
 
 
 
 
 
 
Amounts in USD
Dates
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Collection Period No.
#
 
 
 
 
 
 
 
 
 
 
 
 
Collection Period (from... to)
DD-Mon-YYYY
DD-Mon-YYYY
 
 
 
 
 
 
 
 
 
Determination Date
DD-Mon-YYYY
 
 
 
 
 
 
 
 
 
 
 
 
Record Date
DD-Mon-YYYY
 
 
 
 
 
 
 
 
 
 
 
 
Payment Date
DD-Mon-YYYY
 
 
 
 
 
 
 
 
 
 
 
 
Interest Period of the Class A-1 and A-2B Notes (from... to)
DD-Mon-YYYY
DD-Mon-YYYY
Actual/360 Days
#
         
Interest Period of the Class A-2A, A-3 and A-4 Notes (from... to)
DD-Mon-YYYY
DD-Mon-YYYY
30/360 Days
#
 
 
 
 
 
Summary
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Initial
Beginning
Ending
Principal
Principal per $1000
Note
 
Balance
Balance
Balance
Payment
Face Amount
Factor
Class A-1 Notes
 
 
 
 
 
 
Class A-2A Notes
 
 
 
 
 
 
Class A-2B Notes
 
 
 
 
 
 
Class A-3 Notes
 
 
 
 
 
 
Class A-4 Notes
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Note Balance
$
$
$
$
 
 
 

C-1

--------------------------------------------------------------------------------

 
 
Overcollateralization
 
 
 
 
 
 
 
 
Total Securitization Value
 
 
$
$
$
 
 
 
 
 
present value of lease payments
 
 
 
 
 
 
$
 
 
 
$
 
 
$
   
 
   
present value of Base Residual Value
 
 
 
 
 
 
$
 
 
 
$
 
 
$
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Amount
Percentage
 
 
 
 
 
 
 
 
Initial Overcollateralization Amount
$
%
 
 
 
 
 
 
 
 
Target Overcollateralization Amount (until Class A-2 Notes are paid in full)
$
%
 
 
 
 
 
 
 
 
Target Overcollateralization Amount (after Class A-2 Notes are paid in full)
$
%
               
Current Overcollateralization Amount
$
%
 
 
 
 
 
 
 
 
 
Interest Rate
Interest Payment
Interest per
$1000 Face Amount
Interest & Principal Payment
Interest & Principal Payment per $1000 Face Amount
 
Class A-1 Notes
%
 
$
 
$
 
Class A-2A Notes
%
 
$
 
$
 
Class A-2B Notes
%
 
$
 
$
 
Class A-3 Notes
%
 
$
 
$
 
Class A-4 Notes
%
 
$
 
$
 
Total
 
$
 
$
   
Total
 
$
 
$
   

 
Initial Balance
Beginning Balance
Ending Balance
Exchange Note Balance
$
$
$

Available 2016-A Collections
   
Lease Payments Received
$
Net Sales Proceeds-early terminations (including Defaulted Leases)
$
Net Sales Proceeds-scheduled terminations
$
   Excess wear and tear included in Net Sales Proceeds
$
   Excess mileage included in Net Sales Proceeds
$
Repurchase Payments
$
Advances made by the Servicer
$
Investment Earnings
$
Total Available Funds
$

C-2

--------------------------------------------------------------------------------

Distribution on the Exchange Note 

(1) Total Servicing Fee and Nonrecoverable Servicer Advances
$
(2) Exchange Note Interest Distributable Amount (1.70%)
$
(3) Exchange Note Principal Distributable Amount
$
(4) Any amounts by which the sum payable pursuant to Section 8.03(a)(i) through
(vii) of the Indenture (or, if applicable, pursuant to Section 5.04(b)(i)through
(vii) of the Indenture) exceed the sum of the Exchange Note Interest
Distributable Amount and the Exchange Note Principal Distributable Amount
$
(5) Remaining Funds Payable
$
Total Distribution
$

Available Funds ABS Notes
       
Total Exchange Note Payments
$
Reserve Account Draw Amount
$
Total Available Funds
$

ABS Note Distributions                                                         
                                                                $
   
(1) Total Trustee Fees and any Asset Representations Reviewer fees (max $250,000
p.a.)
$
(2) Interest Distributable Amount Class A Notes
$
(3) Priority Principal Distribution Amount
$
(4) To Reserve Fund to reach the Reserve Fund Required Amount
$
(5) Regular Principal Distribution Amount
$
(6) Additional Servicing Fee and Transition Costs
$
(7) Total Trustee Fees and any Asset Representations Reviewer fees [not
previously paid under (1)]
$
(8) Excess Collections to Certificateholders
$
Total Distribution
 

Distribution Detail
         
Amount Due
Amount Paid
Shortfall
Total Servicing Fee
     
Total Trustee Fee
     

 
C-3

--------------------------------------------------------------------------------

               
Monthly Interest Distributable Amount
     
    thereof on Class A-1 Notes
     
    thereof on Class A-2A Notes
     
    thereof on Class A-2B Notes
     
    thereof on Class A-3 Notes
     
    thereof on Class A-4 Notes
             
Interest Carryover Shortfall Amount
     
    thereof on Class A-1  Notes
     
    thereof on Class A-2A  Notes
     
    thereof on Class A-2B  Notes
     
    thereof on Class A-3  Notes
     
    thereof on Class A-4  Notes
     
Interest Distributable Amount Class A Notes
                     
Priority Principal Distribution Amount
             
Regular Principal Distribution Amount
             
Principal Distribution Amount
     

Reserve Fund and Investment Earnings
Reserve Fund
   
Reserve Fund Required Amount
     
Reserve Fund Amount - Beginning Balance
 
  plus top up Reserve Fund up to the Required Amount
 
  plus Net Investment Earnings for the Collection Period
 
  minus Net Investment Earnings
 
  minus Reserve Fund Draw Amount
 
Reserve Fund Amount - Ending Balance
     
Reserve Fund Deficiency
     
Investment Earnings
     
Net Investment Earnings on the Reserve Fund
 
Net Investment Earnings on the Exchange Note
 

 
C-4

--------------------------------------------------------------------------------

   Collection Account
 
Investment Earnings for the Collection Period
 

Notice to Investors
     
Pool Statistics
     
Pool Data
 
Amount
Number of Leases
Cutoff Date Securitization Value
         
Securitization Value beginning of Collection Period
   
Principal portion of lease payments
   
Terminations- Early
   
Terminations- Scheduled
   
Repurchase Payment (excluding interest)
   
Gross Losses
   
Securitization Value end of Collection Period
   

Pool Factor
%
     
As of Cutoff Date
Current
     
Weighted Average Securitization Rate
         
Weighted Average Remaining Term (months)
   
Weighted Average Seasoning (months)
   
Aggregate Base Residual Value
   
Cumulative Turn-in Ratio
   
Proportion of base prepayment assumption realized life to date
   
Actual lifetime prepayment speed
   

Delinquency Profile
       
Delinquency Profile*
Amount **
Number of Leases
Percentage
Current
     
31-60 Days Delinquent
     
61-90 Days Delinquent
     
91-120 Days Delinquent
     

C-5

--------------------------------------------------------------------------------

 
 
Total
     

*A lease is not considered delinquent if the amount past due is less than 10% of
the payment due under such lease
 
**Based on the actual Securitization Value of the respective leases"
 
Delinquency Trigger:
60+ Delinquent Leases to EOP Aggregate Securitization Value: ___%
Delinquency Trigger Occurred? [Y/N]

 
Loss Statistics
         
Credit Loss
Current Amount
Cumulative Number of Leases
Amount
Number of Leases
Securitization Value of Defaulted Leases, Beg of Collection Period
     
466
Liquidation Proceeds
       
Recoveries
                 
Principal Net Credit Loss / (Gain)
                 
Net Credit Loss / (Gain) as % of Average Securitization Value (annualized):
       
Current Collection Period
       
Prior Collection Period
       
Second Prior Collection Period
       
Third Prior Collection Period
                 
Four Month Average
                 
Cumulative Net Credit Loss / (Gain) as % of Cutoff Date Securitization Value
                 
Average Net Credit Loss / (Gain)
                 
Residual Loss
Current Amount
Cumulative Number of Leases
Amount
Number of Leases
Securitization Value of Liquidated Leases, Beg of Collection Period
       
Sales Proceeds and Other Payments Received
       

C-6

--------------------------------------------------------------------------------

 
 

         
Residual Loss / (Gain)
                 
Residual Loss / (Gain) as % of Average Securitization Value (annualized):
       
Current Collection Period
       
Prior Collection Period
       
Second Prior Collection Period
       
Third Prior Collection Period
                 
Four Month Average
                 
Cumulative Residual Loss / (Gain) as % of Cutoff Date Securitization Value
                 
Average Residual Loss / (Gain)
       

 

 

 

 

 
C-7

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EXHIBIT D
 
FORM OF PERFORMANCE CERTIFICATION

Re:  Mercedes-Benz Auto Lease Trust 2016-A
 
The undersigned Servicer hereby certifies to _______ and its officers, directors
and Affiliates (collectively, the “Certification Parties”) as follows, with the
knowledge and intent that the Certification Parties will rely on this
Certification in connection with the certification concerning the Issuer to be
signed by an officer of the Servicer pursuant to the Sarbanes-Oxley Act of 2002:
 
1. I have reviewed:
 
(i)  the servicer compliance statement of the Servicer provided in the form
specified by Item 1123 of Regulation AB (the “Compliance Statement”);
 
(ii)  the report on assessment of the Servicer’s compliance with the servicing
criteria set forth in Item 1122(d) of Regulation AB (the “Servicing Criteria”),
provided in accordance with Rules 13a-18 and 15d-18 under the Securities
Exchange Act of 1934, as amended (the “Exchange Act”), and Item 1122 of
Regulation AB (the “Servicing Assessment”);
 
(iii)  the registered public accounting firm’s attestation report provided in
the form specified by Rules 13a-18 and 15d-18 under the Exchange Act and Section
1122(b) of Regulation AB (the “Attestation Report”); and
 
(iv)  all servicing reports, officer’s certificates and other information
relating to the servicing of the 2016-A Leases and 2016-A Vehicles by the
Servicer during 20___ that were delivered by the Servicer to the Indenture
Trustee pursuant to the Agreement (collectively, the “Servicing Information”).
 
2. Based on my knowledge, the Servicing Information, taken as a whole, does not
contain any untrue statement of a material fact or omit to state a material fact
necessary to make the statements made, in the light of the circumstances under
which such statements were made, not misleading with respect to the period of
time covered by the Servicing Information.
 
3. Based on my knowledge, all of the Servicing Information required to be
provided by the Servicer under the Agreement has been provided to the Indenture
Trustee.
 
4. I am responsible for reviewing the activities performed by Mercedes-Benz
Financial Services USA LLC, as Servicer (the “Servicer”) under the 2016-A
Servicing Supplement, dated as of March 1, 2016 (the “Agreement”), among
Mercedes Benz Financial Services USA LLC, as the lender (in such capacity, the
“Lender”) and as servicer (in such capacity, the “Servicer”), Daimler Trust (the
“Titling Trust”) and Daimler Title Co., as collateral agent (the “Collateral
Agent”), and based on my knowledge and the compliance review conducted in
preparing the Compliance Statement and except as disclosed in the Compliance
D-1

--------------------------------------------------------------------------------

Statement, the Servicing Assessment or the Attestation Report, the Servicer has
fulfilled its obligations under the Agreement in all material respects.
 
5. The Compliance Statement required to be delivered by the Servicer pursuant to
the Agreement, and the Servicing Assessment and Attestation Report required to
be provided by the Servicer pursuant to the Agreement, have been provided to the
Indenture Trustee.  Any material instances of noncompliance described in such
reports have been disclosed to the Transferor.  Any material instance of
noncompliance with the Servicing Criteria has been disclosed in such reports.
 
Capitalized terms not otherwise defined herein have the meanings ascribed
thereto in the Agreement.
 
Date: ____________________

  MERCEDES-BENZ FINANCIAL SERVICES USA LLC          
 
By:
/s/        Name:       Title:          

 
 
 
 
 
 
 
 
 
 
 
 
 
 
D-2

--------------------------------------------------------------------------------

EXHIBIT E
 
SERVICING CRITERIA TO BE ADDRESSED IN ASSESSMENT OF COMPLIANCE
 
The assessment of compliance to be delivered by the Servicer, shall address, at
a minimum, the criteria identified as below as “Applicable Servicing Criteria”:
 
Reference
Criteria
Applicable Servicing Criteria
Responsible Party
 
General Servicing Considerations
   
1122(d)(1)(i)
Policies and procedures are instituted to monitor any performance or other
triggers and events of default in accordance with the transaction agreements.
 
Servicer
1122(d)(1)(ii)
If any material servicing activities are outsourced to third parties, policies
and procedures are instituted to monitor the third party’s performance and
compliance with such servicing activities.
 
Servicer
1122(d)(1)(iii)
Any requirements in the transaction agreements to maintain a back-up servicer
for the pool assets are maintained.
N/A
 
1122(d)(1)(iv)
A fidelity bond and errors and omissions policy is in effect on the party
participating in the servicing function throughout the reporting period in the
amount of coverage required by and otherwise in accordance with the terms of the
transaction agreements.
N/A
 
1122(d)(1)(v)
Aggregation of information, as applicable, is mathematically accurate and the
information conveyed accurately reflects the information.
 
Servicer
 
Cash Collection and Administration
   
1122(d)(2)(i)
Payments on pool assets are deposited into the appropriate custodial bank
accounts and related bank clearing accounts no more than two business days
following receipt, or such other number of days specified in the transaction
agreements.
 
Servicer
1122(d)(2)(ii)
Disbursements made via wire transfer on behalf of an obligor or to an investor
are made only by authorized personnel.
N/A for obligor disbursements
Servicer
1122(d)(2)(iii)
Advances of funds or guarantees regarding collections, cash flows or
distributions, and any interest or other fees charged for such advances, are
made, reviewed and approved as specified in the transaction agreements.
 
Servicer
1122(d)(2)(iv)
The related accounts for the transaction, such as cash reserve accounts or
accounts established as a form of overcollateralization, are separately
maintained (e.g., with respect to commingling of cash) as set forth in the
transaction agreements.
 
Servicer

 
E-1

--------------------------------------------------------------------------------

 
Reference
Criteria
Applicable Servicing Criteria
Responsible Party
1122(d)(2)(v)
Each custodial account is maintained at a federally insured depository
institution as set forth in the transaction agreements. For purposes of this
criterion, “federally insured depository institution” with respect to a foreign
financial institution means a foreign financial institution that meets the
requirements of Rule 13k-1(b)(1) of the Securities Exchange Act.
N/A
 
1122(d)(2)(vi)
Unissued checks are safeguarded so as to prevent unauthorized access.
N/A
 
1122(d)(2)(vii)
 Reconciliations are prepared on a monthly basis for all asset-backed securities
related bank accounts, including custodial accounts and related bank clearing
accounts. These reconciliations are (A) mathematically accurate; (B) prepared
within 30 calendar days after the bank statement cutoff date, or such other
number of days specified in the transaction agreements; (C) reviewed and
approved by someone other than the person who prepared the reconciliation; and
(D) contain explanations for reconciling items. These reconciling items are
resolved within 90 calendar days of their original identification, or such other
number of days specified in the transaction agreements.
 
Servicer
 
Investor Remittances and Reporting
   
1122(d)(3)(i)
Reports to investors, including those to be filed with the Commission, are
maintained in accordance with the transaction agreements and applicable
Commission requirements. Specifically, such reports (A) are prepared in
accordance with timeframes and other terms set forth in the transaction
agreements; (B) provide information calculated in accordance with the terms
specified in the transaction agreements; (C) are filed with the Commission as
required by its rules and regulations; and (D) agree with investors’ or the
trustee’s records as to the total unpaid principal balance and number of pool
assets serviced by the Servicer.
 
Servicer
1122(d)(3)(ii)
Amounts due to investors are allocated and remitted in accordance with
timeframes, distribution priority and other terms set forth in the transaction
agreements.
 
Servicer
1122(d)(3)(iii)
Disbursements made to an investor are posted within two business days to the
Servicer’s investor records, or such other number of days specified in the
transaction agreements.
 
Servicer
1122(d)(3)(iv)
Amounts remitted to investors per the investor reports agree with cancelled
checks, or other form of payment, or custodial bank statements.
 
Servicer

 
E-2

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Reference
Criteria
Applicable Servicing Criteria
Responsible Party
 
Pool Asset Administration
   
1122(d)(4)(i)
Collateral or security on pool assets is maintained as required by the
transaction agreements or related pool asset documents.
 
Servicer
1122(d)(4)(ii)
Pool assets and related documents are safeguarded as required by the transaction
agreements
 
Servicer
1122(d)(4)(iii)
Any additions, removals or substitutions to the asset pool are made, reviewed
and approved in accordance with any conditions or requirements in the
transaction agreements.
 
Servicer
1122(d)(4)(iv)
Payments on pool assets, including any payoffs, made in accordance with the
related pool assets documents are posted to the Servicer’s obligor records
maintained no more than two business days after receipt, or such other number of
days specified in the transaction agreements, and allocated to principal,
interest or other items (e.g., escrow) in accordance with the related pool asset
documents.
 
Servicer
1122(d)(4)(v)
The Servicer’s records regarding the pool assets agree with the Servicer’s
records with respect to an obligor’s unpaid principal balance.
 
Servicer
1122(d)(4)(vi)
Changes with respect to the terms or status of an obligor's pool assets (e.g.,
loan modifications or re-agings) are made, reviewed and approved by authorized
personnel in accordance with usual customary procedures.
 
Servicer
1122(d)(4)(vii)
Loss mitigation or recovery actions (e.g., forbearance plans, modifications and
deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are
initiated, conducted and concluded in accordance with usual customary
procedures.
 
Servicer
1122(d)(4)(viii)
Records documenting collection efforts are maintained during the period a pool
asset is delinquent in accordance with the transaction agreements. Such records
are maintained on at least a monthly basis, or such other period specified in
the transaction agreements, and describe the entity’s activities in monitoring
delinquent pool assets including, for example, phone calls, letters and payment
rescheduling plans in cases where delinquency is deemed temporary (e.g., illness
or unemployment).
 
Servicer
1122(d)(4)(ix)
Adjustments to interest rates or rates of return for pool assets with variable
rates are computed based on the related pool asset documents.
N/A
 

 
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Reference
Criteria
Applicable Servicing Criteria
Responsible Party
1122(d)(4)(x)
Regarding any funds held in trust for an obligor (such as escrow accounts): (A)
such funds are analyzed, in accordance with the obligor’s pool asset documents,
on at least an annual basis, or such other period specified in the transaction
agreements; (B) interest on such funds is paid, or credited, to obligors in
accordance with applicable pool asset documents and state laws; and (C) such
funds are returned to the obligor within 30 calendar days of full repayment of
the related pool assets, or such other number of days specified in the
transaction agreements.
N/A
 
1122(d)(4)(xi)
Payments made on behalf of an obligor (such as tax or insurance payments) are
made on or before the related penalty or expiration dates, as indicated on the
appropriate bills or notices for such payments, provided that such support has
been received by the servicer at least 30 calendar days prior to these dates, or
such other number of days specified in the transaction agreements.
N/A
 
1122(d)(4)(xii)
Any late payment penalties in connection with any payment to be made on behalf
of an obligor are paid from the servicer’s funds and not charged to the obligor,
unless the late payment was due to the obligor’s error or omission.
N/A
 
1122(d)(4)(xiii)
Disbursements made on behalf of an obligor are posted within two business days
to the obligor’s records maintained by the servicer, or such other number of
days specified in the transaction agreements.
N/A
 
1122(d)(4)(xiv)
Delinquencies, charge-offs and uncollectible accounts are recognized and
recorded in accordance with the transaction agreements.
 
Servicer
1122(d)(4)(xv)
Any external enhancement or other support, identified in Item 1114(a)(1) through
(3) or Item 1115 of Regulation AB, is maintained as set forth in the transaction
agreements.
N/A
 

           
 
By:
/s/        Name:       Title:          

 
 
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APPENDIX 1
 
USAGE AND DEFINITIONS
 
USAGE
 
The following rules of construction and usage are applicable to this Appendix
and to any agreement that incorporates this Appendix and any certificate or
other document made or delivered pursuant to any such agreement:
 
(a) All terms defined in this Appendix, unless otherwise defined in any
agreement that incorporates this Appendix or any certificate or other document
made or delivered pursuant to any such agreement, have the meanings assigned in
this Appendix.
 
(b) Accounting terms not defined in this Appendix or in any such agreement,
certificate or other document, and accounting terms partly defined in this
Appendix or in any such agreement, certificate or other document, to the extent
not defined, have the respective meanings given to them under International
Financial Reporting Standards as in effect on the date of such agreement,
certificate or other document.  To the extent that the definitions of accounting
terms in this Appendix or in any such agreement, certificate or other document
are inconsistent with the meanings of such terms under International Financial
Reporting Standards, the definitions contained in this Appendix or in any such
agreement, certificate or other document will control.
 
(c) References to words such as “this Agreement”, “herein”, “hereof” and the
like shall refer to an agreement that incorporates this Appendix as a whole and
not to any particular part, Article or Section within such agreement. 
References in an agreement to “Article”, “Section”, “Exhibit”, “Schedule”,
“subsection” or another subdivision or to an attachment are, unless otherwise
specified, to an article, section, exhibit, schedule, subsection or other
subdivision of or an attachment to such agreement.  The term “or” means “and/or”
and the term “including” means “including without limitation”.
 
(d) The definitions contained in this Appendix are equally applicable to both
the singular and plural forms of such terms and to the masculine as well as to
the feminine and neuter genders of such terms.
 
(e) Any agreement or statute defined or referred to in this Appendix or in any
agreement that incorporates this Appendix means such agreement or statute as
from time to time amended, modified, supplemented or replaced, including (in the
case of agreements) by waiver or consent and (in the case of statutes) by
succession of comparable successor statutes and includes (in the case of
agreements) references to all attachments thereto and instruments incorporated
therein and (in the case of statutes) any rules and regulations promulgated
thereunder and any judicial and administrative interpretations thereof.
 
(f) References to a Person are also to its permitted successors and assigns.
 
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(g) References to deposits, transfers and payments of any amounts refer to
deposits, transfers or payments of such amounts in immediately available funds;
and the term “proceeds” has the meaning ascribed to such term in the UCC.
 
(h) Except where “not less than zero” or similar language is indicated, amounts
determined by reference to a mathematical formula may be positive or negative.
 
DEFINITIONS
 
“2016-A ABS Notes” or “Notes” means the Class A‑1 Notes, the Class A‑2A Notes,
the Class A-2B Notes, the Class A-3 Notes and the Class A-4 Notes, in each case,
substantially in the form of Exhibit A to the Indenture.
 
“2016-A Administration Agreement” means the 2016-A Administration Agreement,
dated as of March 1, 2016, among the Issuer, the Administrator and the Indenture
Trustee.
 
“2016-A Aggregate Base Residual Value” means, as of any date, the aggregate of
the Base Residual Values of the 2016-A Leases as of such date.
 
“2016-A Aggregate Securitization Value” means, as of any date, the aggregate of
the Securitization Values of the 2016-A Leases as of such date.
 
“2016-A Available Collections” means, for any Payment Date and the related
Collection Period, all amounts distributed to the 2016-A Exchange Noteholder
pursuant to the 2016-A Exchange Note Supplement.
 
“2016-A Available Funds” means, for any Payment Date and the related Collection
Period, the sum of (i) 2016-A Available Collections and (ii) the 2016-A Reserve
Account Draw Amount.
 
“2016-A Available Funds Shortfall Amount” means, for any Payment Date and the
related Collection Period, the amount, if any, by which 2016-A Available
Collections is less than the amount necessary to make the distributions in
clauses (i) through (iii) of Section 8.03(a) of the Indenture.
 
“2016-A Bank Accounts” means the 2016-A Exchange Note Collection Account, the
2016-A Distribution Account and the 2016-A Reserve Account.
 
“2016-A Basic Documents” means (i) the Basic Documents, (ii) the 2016-A
Servicing Supplement, (iii) the 2016-A Exchange Note Supplement, (iv) the
Control Agreements, (v) the First-Tier Sale Agreement, (vi) the Second-Tier Sale
Agreement, (vii) the Indenture, (viii) the 2016-A Administration Agreement,
(ix) the Trust Agreement and (x) the Asset Representations Review Agreement.
 
“2016-A Closing Date” means March 16, 2016.
 
“2016-A Collateral” has the meaning specified in the Granting Clause of the
Indenture.
 
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“2016-A Collections” means, for any Payment Date and the related Collection
Period, the net amount collected or received by the Servicer on or in respect of
the 2016-A Leases and 2016-A Vehicles during such Collection Period and
transferred to the 2016-A Exchange Note Collection Account in respect of
(i) Base Monthly Payments (including Payments Ahead when received) and any other
payments under the 2016-A Leases, in each case excluding any Administrative
Charges, (ii) Repurchase Payments, (iii) Net Liquidation Proceeds, (iv) Excess
Mileage/Wear and Tear Fees, (v) proceeds of Dealer Recourse Rights, (vi) Pull
Ahead Payments, (vii) Servicer Advances made by the Servicer and (viii) in the
case of an optional termination pursuant to Section 5.01 of the 2016-A Servicing
Supplement, the price specified in such Section; provided, however, that 2016-A
Collections shall not include (1) any amounts received with respect to a 2016-A
Lease for which a Repurchase Payment was included in the Collections for any
prior Collection Period and (2) any payments received on any 2016-A Lease to the
extent that the Servicer has previously made a Servicer Advance with respect to
such 2016-A Lease and is entitled to reimbursement from such payment.
 
“2016-A Cutoff Date” means, with respect to the 2016-A Reference Pool, the close
of business on January 31, 2016.
 
“2016-A Cutoff Date Aggregate Securitization Value” means $ 1,560,009,098.90,
the 2016-A Aggregate Securitization Value as of the 2016-A Cutoff Date.
 
“2016-A Distribution Account” means the account designated as such pursuant to
Section 4.01(a)(ii) of the 2016-A Servicing Supplement.
 
“2016-A Exchange Note” means the note, substantially in the form set forth in
Exhibit A to the 2016-A Exchange Note Supplement, duly executed and
authenticated in accordance with the Basic Collateral Agency Agreement and the
2016-A Exchange Note Supplement.
 
“2016-A Exchange Note Balance” means, as of any date, the 2016-A Exchange Note
Initial Principal Balance, reduced by payments of principal made on or prior to
such date on the 2016-A Exchange Note.
 
“2016-A Exchange Note Collection Account” means the account designated as such
pursuant to Section 4.01(a)(i) of the 2016-A Servicing Supplement.
 
“2016-A Exchange Note Final Scheduled Payment Date” means November 15, 2021.
 
“2016-A Exchange Note Initial Principal Balance” means $1,482,008,643.96, which
is approximately 95% of the 2016-A Cutoff Date Aggregate Securitization Value.
 
 “2016-A Exchange Note Interest Distributable Amount” means, with respect to any
Payment Date and the related 2016-A Exchange Note Interest Period, the amount
equal to the sum of (i) the aggregate amount of interest accrued on the 2016-A
Exchange Note Balance at the 2016-A Exchange Note Interest Rate for the related
2016-A Exchange Note Interest Period, plus (ii) the portion of the 2016-A
Exchange Note Interest Distributable Amount, if any, that was not paid on any
prior Payment Date plus interest on such unpaid amount, to the extent
permissible by law, at the 2016-A Exchange Note Interest Rate.
 
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“2016-A Exchange Note Interest Period” means, with respect to the 2016-A
Exchange Note and any Payment Date, the period from and including the 15th day
of the month in which the preceding Payment Date occurred (or, in the case of
the first Payment Date or if no interest has yet been paid, from and including
the 2016-A Closing Date) to but excluding the 15th day of the month in which
such Payment Date occurs.
 
“2016-A Exchange Note Interest Rate” means a fixed rate of 1.70% per annum.
 
“2016-A Exchange Note Issuance Date” means the 2016-A Closing Date.
 
“2016-A Exchange Note Principal Distributable Amount” means, with respect to any
Payment Date and the related Collection Period, the amount equal to the sum of
(i) the difference between (a) the 2016-A Aggregate Securitization Value as of
the close of business on the last day of the immediately preceding Collection
Period, less (b) the 2016-A Aggregate Securitization Value as of the close of
business on the last day of the related Collection Period, plus (ii) the portion
of the 2016-A Exchange Note Principal Distributable Amount, if any, that was not
paid on any prior Payment Date; provided, that, for each Payment Date occurring
on or after the Exchange Note Final Scheduled Payment Date, the 2016-A Exchange
Note Distributable Payment Amount will equal the entire outstanding 2016-A
Exchange Note Balance as of such Payment Date.
 
“2016-A Exchange Note Purchase Date” means, with respect to the purchase of the
2016-A Exchange Note pursuant to Section 5.01 of the 2016-A Servicing
Supplement, the Payment Date specified by the Servicer pursuant to such Section.
 
“2016-A Exchange Note Purchase Price” means an amount equal to the 2016-A
Exchange Note Balance as of the 2016-A Exchange Note Purchase Date, plus accrued
and unpaid interest thereon.
 
“2016-A Exchange Note Supplement” means the 2016-A Exchange Note Supplement to
the Basic Collateral Agency Agreement, dated as of March 1, 2016, among the
Borrower, the Administrative Agent, the Collateral Agent, the Lender, the
Servicer and the Indenture Trustee.
 
“2016-A Exchange Noteholder” means initially, MBFS USA and, after giving effect
to the transactions contemplated by the First-Tier Sale Agreement and the
Second-Tier Sale Agreement, the Issuer.
 
“2016-A Lease” means a Lease identified as a “2016-A Lease” in the Schedule of
2016-A Reference Pool Assets and included in the 2016-A Reference Pool,
excluding any Lease for which the Repurchase Payment has been paid by the
Servicer pursuant to Section 3.05(a) of the 2016-A Servicing Supplement.
 
“2016-A Lease File” means, with respect to each 2016-A Lease, the related Lease
File.
 
“2016-A Reference Pool” means the Collateral Leases and Collateral Vehicles
listed on the Schedule of 2016-A Reference Pool Assets.
 
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“2016-A Reference Pool Servicing Fee” means, with respect to any Collection
Period, (i) the product of (a) one-twelfth of 1.00% (or, with respect to the
first Payment Date, one-sixth of 1.00%) and (b) the 2016-A Exchange Note Balance
of the first day of such Collection Period, plus (ii) the portion, if any, of
the 2016-A Reference Pool Servicing Fee for one or more prior Collection Periods
that has not been paid.
 
“2016-A Reserve Account” means the account established pursuant to
Section 4.01(a)(iii) of the 2016-A Servicing Supplement.
 
“2016-A Reserve Account Draw Amount” means, for any Payment Date, the lesser of
(i) the amount on deposit in the 2016-A Reserve Account and (ii) the 2016-A
Available Funds Shortfall Amount; provided, however, that, if on the last day of
the related Collection Period the Note Balance is zero, the 2016-A Reserve
Account Draw Amount for that Payment Date will equal the amount on deposit in
and available for withdrawal from the 2016-A Reserve Account after giving effect
to all deposits to and withdrawals from the 2016-A Reserve Account on the
preceding Payment Date.
 
“2016-A Secured Parties” means the Noteholders.
 
“2016-A Servicing Agreement” means the Basic Servicing Agreement, as
supplemented by the 2016-A Servicing Supplement.
 
“2016-A Servicing Supplement” means the 2016-A Supplement to the Basic Servicing
Agreement, dated as of March 1, 2016, among the Servicer, the Lender, the
Titling Trust and the Collateral Agent.
 
“2016-A Vehicle” means the new Mercedes-Benz passenger cars, sport utility
vehicles and crossovers and smart automobiles allocated to the 2016-A Reference
Pool.
 
“ABS Control Agreement” means the 2016-A Collateral Account Control Agreement,
dated as of March 1, 2016, among the Issuer, the Indenture Trustee and U.S. Bank
National Association, in its capacity as a securities intermediary.
 
“Additional Servicing Fee” means, with respect to any Payment Date and the
related Collection Period, if a Successor Servicer has been appointed pursuant
to the 2016-A Servicing Agreement, the amount, if any, by which (i) the
compensation payable to such Successor Servicer for such Collection Period
exceeds (ii) the 2016-A Reference Pool Servicing Fee for such Collection Period.
 
“Administrator” means MBFS USA, in its capacity as Administrator pursuant to the
2016-A Administration Agreement, and its successors in such capacity.
 
“ADR Organization” means the American Arbitration Association or, if the
American Arbitration Association no longer exists or if its ADR Rules would no
longer permit mediation or arbitration, as applicable, of the dispute, another
nationally recognized mediation or arbitration organization selected by the
Servicer.
 
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“ADR Rules” means the relevant rules of the ADR Organization for mediation
(including non-binding arbitration) or binding arbitration, as applicable, of
commercial disputes in effect at the time of the mediation or arbitration.
 
“Aggregate Scheduled Securitization Value”  means, as of any date, the aggregate
of the Scheduled Securitization Values of the 2016-A Leases as of such date.
 
“ALG Current Residual Value” means, with respect to a 2016-A Lease, the expected
wholesale value of the related 2016-A Vehicle at its Maturity Date based on a
residual value estimate of Book 1 (January edition) provided by the Automobile
Lease Guide in January 2016.
 
“ALG Residual Value” means, with respect to a 2016-A Lease, the expected
wholesale value of a 2016-A Vehicle at its Maturity Date based on a residual
value estimate provided by the Automobile Lease Guide at the time such 2016-A
Lease was originated.
 
“Asset Representations Review Agreement” means the Asset Representations Review
Agreement, dated as of March 1, 2016, among the Issuer, the Servicer, the
Administrator and the Asset Representations Reviewer.
 
“Asset Representations Reviewer” means Clayton Fixed Income Services LLC, a
Delaware limited liability company.
 
“Authenticating Agent” has the meaning specified in the Indenture.
 
“Authorized Officer” means (i) the “Authorized Officers” listed under the
definition of the term “Authorized Officer” in Appendix A to the Collateral
Agency Agreement; (ii) in the case of the Transferor, those individuals
determined pursuant to Section 4.18(a) of the Transferor LLC Agreement; (iii) in
the case of the Issuer or the Owner Trustee, any officer of the Owner Trustee or
any agent acting pursuant to a power of attorney by the Issuer or the Owner
Trustee who is authorized to act for the Issuer or the Owner Trustee in matters
relating to the Issuer and who is identified on the list of Authorized Officers
delivered by the Owner Trustee to the Indenture Trustee on the 2016-A Closing
Date (as such list may be modified or supplemented from time to time thereafter)
and, so long as the 2016-A Administration Agreement is in effect, any officer of
the Administrator who is authorized to act for the Administrator in matters
relating to the Issuer and to be acted upon by the Administrator pursuant to the
2016-A Administration Agreement and who is identified on the list of Authorized
Officers delivered by the Administrator to the Indenture Trustee on the 2016-A
Closing Date (as such list may be modified or supplemented from time to time
thereafter); and (iv) in the case of the Indenture Trustee and the Note
Registrar, any officer within the Corporate Trust Office of such Person,
including any vice president, assistant vice president, assistant treasurer,
assistant secretary or any other officer of such Person, customarily performing
functions similar to those performed by any of the above designated and also,
with respect to a particular matter, any other officer to whom such matter is
referred because of such officer’s knowledge of and familiarity with the
particular subject.
 
“Base Residual Value” means, with respect to a 2016-A Lease, the lowest of the
(i) Residual Value, (ii) the ALG Residual Value and (iii) the ALG Current
Residual Value.
 
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“Benefit Plan” means (i) an “employee benefit plan”, as defined in Section 3(3)
of ERISA, that is subject to Title I of ERISA, (ii) a “plan”, as defined in
Section 4975(e)(1) of the Code, that is subject to Section 4975 of the Code or
(iii) an entity whose underlying assets include “plan assets” by reason of such
employee benefit plan’s or plan’s investment in the entity (within the meaning
of Department of Labor Regulation 29 C.F.R. Section 2510.3-101, as modified by
Section 3(42) of ERISA) or any governmental, church, non‑U.S. or other plan that
is subject to a Similar Law.
 
“Book-Entry Notes” means a beneficial interest in the 2016-A ABS Notes,
ownership and transfers of which shall be made through book entries by a
Clearing Agency as described in Section 2.10 of the Indenture.
 
“Certificate” means the Issuer’s asset backed certificates issued pursuant to
the Trust Agreement, substantially in the form of Exhibit B to the Trust
Agreement.
 
“Certificate Percentage Interest” means, with respect to a Certificate, the
percentage specified on such Certificate as the Certificate Percentage Interest,
which percentage represents the beneficial interest of the holder of such
Certificate in the Issuer.  The initial Certificate Percentage Interest held by
MBFS USA shall be 100%.
 
“Certificateholder” means the Person in whose name a Certificate is registered
on the Certificate Register.
 
“Certification Parties” means, collectively, the Certifying Person and the
entity for which the Certifying Person acts as an officer, and such entity’s
officers, directors and Affiliates.
 
“Certifying Person” means an individual who signs the Sarbanes-Oxley
Certification.
 
“Class” means a group of Notes whose form is identical except for variation in
denomination, principal amount or owner, and references to “each Class” thus
mean each of the Class A-1 Notes, the Class A-2A Notes, the Class A-2B Notes,
the Class A-3 Notes and the Class A-4 Notes.
 
“Class A Notes” means the Class A-1 Notes, the Class A-2, the Class A-3 Notes 
and the Class A-4 Notes, collectively.
 
“Class A-1 Final Scheduled Payment Date” means March 15, 2017.
 
“Class A-1 Interest Rate” means 0.65000% per annum (computed on the basis of the
actual number of days elapsed, but assuming a 360-day year).
 
“Class A-1 Note Balance” means, as of any date, the Initial Class A-1 Note
Balance reduced by all payments of principal made on or prior to such date on
the Class A-1 Notes.
 
“Class A-1 Notes” means the $280,000,000 aggregate principal amount of the
Issuer’s 0.65000% Class A-1 Asset Backed Notes, issued pursuant to the
Indenture.
 
“Class A-2 Final Scheduled Payment Date” means July 16, 2018.
 
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“Class A-2 Notes” means the Class A-2A Notes and the Class A-2B Notes.
 
“Class A-2A Interest Rate” means 1.34% per annum (computed on the basis of a
360-day year of twelve 30-day months).
 
“Class A-2A Note Balance” means, as of any date, the Initial Class A-2A Note
Balance reduced by all payments of principal made on or prior to such date on
the Class A-2A Notes.
 
“Class A-2A Notes” means the $429,000,000 aggregate principal amount of the
Issuer’s 1.34% Class A-2A Asset Backed Notes, issued pursuant to the Indenture.
 
“Class A-2B Interest Rate” means LIBOR + 0.56% per annum (computed on the basis
of the actual number of days elapsed, but assuming a 360-day year).
 
“Class A-2B Note Balance” means, as of any date, the Initial Class A-2B Note
Balance reduced by all payments of principal made on or prior to such date on
the Class A-2B Notes.
 
“Class A-2B Notes” means the $184,000,000 aggregate principal amount of the
Issuer’s LIBOR + 0.56% Class A-2B Asset Backed Notes, issued pursuant to the
Indenture.
 
“Class A-3 Final Scheduled Payment Date” means March 15, 2019.
 
“Class A-3 Interest Rate” means 1.52% per annum (computed on the basis of the
actual number of days elapsed, but assuming a 360-day year of twelve 30-day
months).
 
“Class A-3 Note Balance” means, as of any date, the Initial Class A-3 Note
Balance reduced by all payments of principal made on or prior to such date on
the Class A-3 Notes.
 
“Class A-3 Notes” means the $325,000,000 aggregate principal amount of the
Issuer’s 1.52% Class A-3 Asset Backed Notes, issued pursuant to the Indenture.
 
“Class A-4 Final Scheduled Payment Date” means November 15, 2021.
 
“Class A-4 Interest Rate” means 1.69% per annum (computed on the basis of a
360-day year of twelve 30-day months).
 
“Class A-4 Note Balance” means, as of any date, the Initial Class A-4 Note
Balance reduced by all payments of principal made on or prior to such date on
the Class A-4 Notes.
 
“Class A-4 Notes” means the $79,930,000 aggregate principal amount the Issuer’s
1.69% Class A-4 Asset Backed Notes, issued pursuant to the Indenture.
 
“Clearing Agency” means an organization registered as a “clearing agency”
pursuant to Section 17A of the Exchange Act and shall initially be DTC.
 
“Clearing Agency Participant” means a broker, dealer, bank or other financial
institution or other Person for which from time to time a Clearing Agency
effects book-entry transfers and pledges of securities deposited with the
Clearing Agency.
 
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“Collection Period” means, with respect to any Payment Date, the immediately
preceding calendar month (or, in the case of the first Collection Period, the
period from but excluding the 2016-A Cutoff Date to and including the last day
of the calendar month immediately preceding the calendar month in which the
first Payment Date occurs).
 
“Commission” means the Securities and Exchange Commission.
 
“Control Agreements” means the ABS Control Agreement and the Titling Trust
Control Agreement.
 
“Controlling Class” means the Holders of the 2016-A ABS Notes.
 
“Corporate Trust Office” means, with respect to
 
(i) the Indenture Trustee and, for so long as the Indenture Trustee is the Note
Registrar, the Note Registrar, the office of the Indenture Trustee at which its
corporate trust business is administered, which on the 2016-A Closing Date is
located at:
 
U.S. Bank National Association
190 S. LaSalle Street, Seventh Floor
Chicago, Illinois  60603
Attention: Structured Finance/MBALT 2016-A
E-mail: melissa.rosal@usbank.com
Telephone:  (312) 332-7496
Fax:  (312) 332-7996
 
or at such other address as each party may designate by notice to the Borrower,
the Servicer and each Noteholder; and
 
(ii) the Owner Trustee, the office of the Owner Trustee at which its corporate
trust business is administered, which on the 2016-A Closing Date is located at:
 
Wilmington Trust, National Association
Rodney Square North
1100 North Market Street
Wilmington, Delaware  19890
Attention:  Corporate Trust Administration
E-mail: cmay@wilmingtontrust.com
Telephone:  (302) 636-6294
Fax:  (302) 636-4140
 
or at such other address as the Owner Trustee may designate by notice to the
Indenture Trustee and the Transferor, or the principal corporate trust office of
any successor Owner Trustee at the address designated by such successor Owner
Trustee by notice to the Indenture Trustee and the Transferor.
 
“Default” means any occurrence that with notice or the lapse of time or both
would become an Event of Default.
 
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“Defaulted Lease” means any Lease with respect to which, at any time prior to
its Maturity Date, (i) an amount equal to 10% or more of any related Base
Monthly Payment remains unpaid for 120 days or more from the related Payment Due
Date, (ii) such Lease has been identified by the Servicer as uncollectible,
(iii) the related Vehicle has been repossessed and the related Lease has been
terminated, (iv) such Lease has been written off by the Servicer in accordance
with the Credit and Collection Policy for writing off lease contracts for leased
vehicles other than with respect to repossessions or (v) in respect of which the
Servicer’s records, in accordance with the Credit and Collection Policy,
indicate that all Insurance Proceeds expected to be received have been received
following a casualty or other loss with respect to the related Vehicle.
 
“Definitive Note” means a definitive fully registered Note.
 
“Delaware Secretary of State” means the Secretary of State of the State of
Delaware.
 
“Delaware Statutory Trust Act” means The Delaware Statutory Trust Act, 12 Del.
C. §3801 et seq.
 
“Delinquency Trigger” means, for any Collection Period, that the aggregate
Securitization Value of Leases in the 2016-A Reference Pool that are more than
60 days Delinquent as a percentage of the aggregate Securitization Value of the
Leases in the 2016-A Reference Pool as of the last day of the Collection Period
exceeds 4.861%.
 
“Delinquent” means a Lease on which 10% or more of a scheduled payment required
to be paid by the Lessee is more than two days past due.
 
“Depository Agreement” means the agreement between the Issuer and DTC, as the
initial Clearing Agency, dated as of the 2016-A Closing Date.
 
“Determination Date” means, with respect to any Collection Period, two Business
Days before the related Payment Date.
 
“DTC” means The Depository Trust Company.
 
“EDGAR” means the Commission’s Electronic Data Gathering, Analysis and Retrieval
system.
 
“Eligible State” means, with respect to the Titling Trust, any State in which
the Titling Trust is, if and to the extent required by Applicable Law,
qualified, authorized and licensed to hold title or other evidence of the
interest in leased vehicles.
 
“Event of Default” has the meaning specified in Section 5.01 of the Indenture.
 
“Exchange Act” means the Securities Exchange Act of 1934, as amended, and any
regulations promulgated thereunder.
 
“Exchange Act Reports” means any reports on Form 10-D, Form 8-K or Form 10-K
required to be filed by the Transferor with respect to the Issuer under the
Exchange Act.
 
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“Exchange Note Supplement” means the 2016-A Exchange Note Supplement.
 
“FICO” means Fair Isaac & Co.
 
“Final Scheduled Payment Date” means with respect to (i) the Class A‑1 Notes,
the Class A‑1 Final Scheduled Payment Date, (ii) the Class A‑2 Notes, the Class
A‑2 Final Scheduled Payment Date, (iii) the Class A-3 Notes, the Class A-3 Final
Scheduled Payment Date and (iv) the Class A-4 Notes, the Class A-4 Final
Scheduled Payment Date.
 
“Fitch” means Fitch Ratings, Inc., or any successor that is a nationally
recognized statistical rating organization.
 
 “First-Tier Assets” has the meaning specified in Section 2.01(a) of the
First-Tier Sale Agreement.
 
“First-Tier Sale Agreement” means the First-Tier Sale Agreement, dated as of
March 1, 2016, between MBFS USA, as seller, and the Transferor, as purchaser.
 
“Force Majeure” means any delay or failure in performance caused by acts beyond
the Issuer’s reasonable control, including acts of God, war, vandalism,
sabotage, accidents, fires, floods, strikes, labor disputes, mechanical
breakdown, shortages or delays in obtaining suitable parts or equipment,
material, labor, or transportation, acts of subcontractors, interruption of
utility services, acts of any unit of government or governmental agency, or any
similar cause.
 
“Form 10-D Disclosure Item” means, with respect to any Person, any event
specified in Part II of Schedule B to the 2016-A Exchange Note Supplement for
which such Person is the responsible party, if such Person or in the case of the
Owner Trustee or Indenture Trustee, a Responsible Officer of such Person, has
actual knowledge of such event.
 
“Form 10-K Disclosure Item” means, with respect to any Person, (i) any Form 10-D
Disclosure Item and (ii) any additional items specified in Part III of
Schedule B to the 2016-A Exchange Note Supplement for which such Person is the
responsible party, or if such Person is the Indenture Trustee or the Owner
Trustee, a Responsible Officer of such Person has actual knowledge of such
event.
 
“Grant” means mortgage, pledge, bargain, sell, warrant, alienate, remise,
release, convey, assign, transfer, create and grant a lien upon and a security
interest in and right of set-off or recoupment against, and to deposit, set over
and confirm pursuant to any 2016-A Basic Document.  A Grant of the 2016-A
Collateral or of any other agreement or instrument shall include all rights,
powers and options (but none of the obligations) of the granting party
thereunder, including the immediate and continuing right to claim for, collect,
receive and give receipt for principal and interest payments in respect of the
2016-A Collateral and all other monies payable thereunder, to give and receive
notices and other communications, to make waivers or other agreements, to
exercise all rights and options, to bring Proceedings in the name of the
granting party or otherwise, and generally to do and receive anything that the
granting party is or may be entitled to do or receive thereunder or with respect
thereto.
 
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“Indenture” means the Indenture, dated as of March 1, 2016, between the Issuer
and the Indenture Trustee.
 
“Indenture Trustee” means U.S. Bank, as indenture trustee under the Indenture,
and its successors in such capacity.
 
“Independent” means, with respect to any Person, that such Person (i) is in fact
independent of the Issuer, any other obligor on the Notes, the Transferor, the
Servicer and any of their respective Affiliates, (ii) does not have any direct
financial interest or any material indirect financial interest in the Issuer,
any such other obligor, the Transferor, the Servicer or any of their respective
Affiliates and (iii) is not connected with the Issuer, any such other obligor,
the Transferor, the Servicer or any of their respective Affiliates as an
officer, employee, promoter, underwriter, trustee, partner, director or
individual or entity performing similar functions.
 
“Independent Certificate” means a certificate or opinion to be delivered to the
Indenture Trustee under the circumstances described in, and otherwise complying
with, the applicable requirements of Section 11.01 of the Indenture, made by an
Independent appraiser or other expert appointed by an Issuer Order and
acceptable to the Indenture Trustee in the exercise of reasonable care, and such
opinion or certificate shall state that the signer has read the definition of
“Independent” and the signer is Independent within the meaning thereof.
 
“Initial Class A-1 Note Balance” means $280,000,000.
 
“Initial Class A-2A Note Balance” means $429,000,000.
 
“Initial Class A-2B Note Balance” means $184,000,000.
 
“Initial Class A-3 Note Balance” means $325,000,000.
 
“Initial Class A-4 Note Balance” means $79,930,000.
 
“Initial Note Balance” means, as the context may require, with respect to
(i) all of the Notes, $1,297,930,000 or (ii) any Note, an amount equal to the
Initial Class A-1 Note Balance, the Initial Class A-2A Note Balance, the Initial
Class A-2B Note Balance, the Initial Class A-3 Note Balance or the Initial Class
A-4 Note Balance, as the case may be.
 
“Insolvency Event” means, with respect to any Person, (i) the making of a
general assignment for the benefit of creditors; (ii) the filing of a voluntary
petition in bankruptcy; (iii) being adjudged as bankrupt or insolvent, or having
had entered against such Person an order for relief in any bankruptcy or
insolvency Proceeding; (iv) the filing by such Person of a petition or answer
seeking reorganization, arrangement, composition, readjustment, liquidation,
dissolution or similar relief under any Insolvency Laws; (v) the filing by such
Person of an answer or other pleading admitting or failing to contest the
material allegations of a petition filed against such Person in any proceeding
specified in clause (viii) below; (vi) the seeking, consenting to or acquiescing
in the appointment of a trustee, receiver, liquidator or similar official of
such Person or of all or any substantial part of the assets of such Person;
(vii) the failure by such Person generally to pay its debts as such debts become
due; (viii) the failure to obtain dismissal within 90 days of the commencement
of any Proceeding against such Person
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seeking (a) reorganization, arrangement, composition, readjustment, liquidation,
dissolution or similar relief under any statute, law or regulation, or (b) the
appointment of a trustee, liquidator, receiver or similar official, in each case
of such Person or of such Person’s assets or any substantial portion thereof;
and (ix) the taking of action by such Person in furtherance of any of the
foregoing.  The foregoing definition of “Insolvency Event” is intended to
replace and shall supersede and replace the definition of “Bankruptcy” set forth
in Sections 18-101(1) and 18-304 of the Delaware Limited Liability Company Act.
 
“Insolvency Laws” means the Bankruptcy Code and all other applicable
liquidation, conservatorship, bankruptcy, moratorium, rearrangement,
receivership, insolvency, reorganization, suspension of payments or similar
debtor relief laws from time to time in effect affecting the rights of creditors
generally.
 
“Interest Distributable Amount” means, with respect to the 2016-A ABS Notes and
any Payment Date and the related Interest Period, the sum of:
 
(i) the portion of the Interest Distributable Amount with respect to the
immediately preceding Payment Date that was not paid on such date plus
 
(ii) in the case of (a) the Class A-1 Notes and the Class A-2B Notes, the
product of (1) the Note Balance for the related Class as of the first day of
such Interest Period, times (2) the Interest Rate for such Class, times (3) a
fraction, (A) the numerator of which is the actual number of days in the related
Interest Period and (B) the denominator of which is 360 or (b) the Class A-2A
Notes, the Class A-3 Notes and the Class A-4 Notes, the product of (1) the Note
Balance for the related Class as of the first day of such Interest Period, times
(2) the Interest Rate for such Class, times (3) a fraction, (A) the numerator of
which is 30 (or, in the case of the first Payment Date, 29) and (B) the
denominator of which is 360.
 
“Interest Period” means, with respect to the 2016-A ABS Notes, with respect to
any Payment Date and (i) the Class A-1 Notes and the Class A-2B Notes, the
period from and including the previous Payment Date (or, in the case of the
first Payment Date or if no interest has yet been paid, from and including the
2016-A Closing Date) to, but excluding, the related Payment Date and (ii) the
Class A‑2A Notes, the Class A-3 Notes and the Class A-4 Notes, the period from
and including the 15th day of the month in which the preceding Payment Date
occurred (or, in the case of the first Payment Date or if no interest has yet
been paid, from and including the 2016-A Closing Date) to but excluding the 15th
day of the month in which such Payment Date occurs.
 
“Interest Rate” means the Class A-1 Interest Rate, the Class A-2A Interest Rate,
the Class A-2B Interest Rate, the Class A-3 Interest Rate and the Class A-4
Interest Rate, as applicable.
 
“Issuer” means Mercedes-Benz Auto Lease Trust 2016-A, a Delaware statutory
trust.
 
“Issuer Basic Documents” means the 2016-A Basic Documents to which the Issuer is
a party.
 
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“Issuer Obligations” means all amounts and obligations which the Issuer may at
any time owe under the 2016-A Basic Documents, including to the Indenture
Trustee for the benefit of the Noteholders under the Indenture or the other
2016-A Basic Documents.
 
“Issuer Order” and “Issuer Request” means a written order of or request by the
Issuer, signed by an Authorized Officer and delivered to the Indenture Trustee.
 
“Item 1119 Party” means the Transferor, the Seller, the Servicer, the Indenture
Trustee, the Owner Trustee, the Asset Representations Reviewer and any other
material transaction party, as identified in Schedule A to the 2016-A Exchange
Note Supplement.
 
“LIBOR” means, with respect to any Interest Period, the London interbank offered
rate for deposits in U.S. dollars having a maturity of one month commencing on
the related LIBOR Determination Date which appears on Reuters Screen LIBOR01
Page as of 11:00 a.m., London time, on such LIBOR Determination Date; provided,
however, that for the first Interest Period, LIBOR shall mean an interpolated
rate for deposits based on London interbank offered rates for deposits in U.S.
dollars for a period that corresponds to the actual number of days in the first
Interest Period.  If the rates used to determine LIBOR do not appear on the
Reuters Screen LIBOR01 Page, the rates for that day will be determined on the
basis of the rates at which deposits in U.S. dollars, having a maturity of one
month and in a principal balance of not less than U.S. $1,000,000 are offered at
approximately 11:00 a.m., London time, on such LIBOR Determination Date to prime
banks in the London interbank market by the reference banks.  The Indenture
Trustee will request the principal London office of each of such reference bank
to provide a quotation of its rate.  If at least two such quotations are
provided, the rate for that day will be the arithmetic mean to the nearest
1/100,000 of 1.00% (0.0000001), with five one-millionths of a percentage point
rounded upward, of all such quotations.  If fewer than two such quotations are
provided, the rate for that day will be the arithmetic mean to the nearest
1/100,000 of 1.00% (0.0000001), with five one-millionths of a percentage point
rounded upward, of the offered per annum rates that one or more leading banks in
New York City, selected by the Indenture Trustee (after consultation with the
Transferor), are quoting as of approximately 11:00 a.m., New York City time, on
such LIBOR Determination Date to leading European banks for U.S. dollar deposits
for that maturity; provided, that if the banks selected as aforesaid are not
quoting as mentioned in this sentence, LIBOR in effect for the applicable
Interest Period will be LIBOR in effect for the previous Interest Period.  The
reference banks will be the four major banks in the London interbank market
selected by the Indenture Trustee (after consultation with the Transferor).
 
“LIBOR Determination Date” means, with respect to the Interest Period (i)
relating to the first Payment Date, the second London Business Day prior to the
2016-A Closing Date and (ii) for any other Payment Date, the second London
Business Day prior to the immediately preceding Payment Date.
 
“Liquidated Lease” means, with respect to any Collection Period, a Lease (i) in
respect of which the related Leased Vehicle was sold or otherwise disposed of by
the Servicer following the scheduled or early termination of such Lease or
(ii) that terminated more than 120 days prior to the end of such Collection
Period and the related Leased Vehicle has not been sold or otherwise disposed of
by the Servicer as of the end of such Collection Period.
 
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“London Business Day” means any day other than a Saturday, Sunday or day on
which banking institutions in London, England are authorized or obligated by law
or government decree be closed.
 
“Majority Noteholders” means, as of any date, the Holders of at least a majority
of the Outstanding Amount of (i) the 2016-A ABS Notes or (ii) any Class of
Notes, as indicated by the context.
 
“MBFS USA” means Mercedes-Benz Financial Services USA LLC (f/k/a DCFS USA LLC).
 
“Monthly Investor Report” means, with respect to any Collection Period and the
related Payment Date, a servicing report setting forth 2016-A Collections and
certain other information regarding the 2016-A Reference Pool received during or
in respect of such Collection Period and the payments due on such Payment Date
with respect to the 2016-A Exchange Note and the 2016-A ABS Notes, in
substantially the form of Exhibit C to the 2016-A Servicing Supplement.
 
“Monthly Remittance Condition” means that (i) MBFS USA is the Servicer and is a
direct or indirect wholly owned subsidiary of Daimler AG, (ii) there exists no
Servicer Event of Default and (iii) with respect to (a) Moody’s, Daimler AG’s
short-term unsecured debt is rated at least “P-1” by Moody’s and (b) Fitch,
Daimler AG’s short-term unsecured debt is rated at least “F1” by Fitch.
 
“Moody’s” means Moody’s Investors Service, Inc., or any successor that is a
nationally recognized statistical rating organization.
 
 “Note Balance” means, as of any date, the sum of the Class A-1 Note Balance,
the Class A-2A Note Balance, the Class A-2B Note Balance, the Class A-3 Note
Balance and the Class A-4 Note Balance.
 
“Note Factor” means, with respect to each Class of the 2016-A ABS Notes on any
Payment Date, the four or more digit decimal equivalent of a fraction the
numerator of which is the Outstanding Amount of such Class of 2016-A ABS Notes
on such Payment Date (after giving effect to any payment of principal on such
Payment Date) and the denominator of which is the Initial Class A-1 Note
Balance, the Initial Class A-2A Note Balance, the Initial Class A-2B Note
Balance, the Initial Class A-3 Note Balance or the Initial Class A-4 Note
Balance, as applicable.
 
“Note Owner” means, with respect to any Book-Entry Note, the Person who is the
beneficial owner of such Book-Entry Note, as reflected on the books of the
Clearing Agency or on the books of a Person maintaining an account with such
Clearing Agency (directly as a Clearing Agency Participant or as an indirect
participant, in each case in accordance with the rules of such Clearing Agency).
 
“Note Paying Agent” means the Indenture Trustee or any other Person that meets
the eligibility standards for the Indenture Trustee specified in Section 6.11 of
the Indenture and is authorized by the Issuer to make payments to and
distributions from the 2016-A Distribution Account, including payments of
principal of or interest on the 2016-A ABS Notes on behalf of the Issuer.
 
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“Note Redemption Price” means, an amount equal to the sum of (i) the Note
Balance as of the Redemption Date, (ii) the Interest Distributable Amount
payable on the Payment Date on which the redemption occurs and (iii) all Issuer
Obligations.
 
“Note Register” and “Note Registrar” have the meanings specified in
Section 2.05(a) of the Indenture.
 
“Noteholder” or “Holder” means, as of any date, the Person in whose name a
2016-A ABS Note is registered on the Note Register on the applicable Record
Date.
 
“Notes” means the Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes and
the Class A-4 Notes.
 
“Officer’s Certificate” means, with respect to (i) the Servicer, the Transferor
or the Administrator, a certificate signed by the chairman of the board, the
president, any executive vice president, any vice president, the treasurer, any
assistant treasurer, the secretary, any assistant secretary or the controller of
the Servicer, the Transferor or the Administrator, as the case may be, and
(ii) the Issuer or the Owner Trustee, a certificate signed by any Authorized
Officer of the Issuer or the Owner Trustee, under the circumstances described
in, and otherwise complying with, Section 11.01 of the Indenture, and delivered
to the Indenture Trustee.  Unless otherwise specified by the context, any
reference in the Indenture to an Officer’s Certificate shall be to an Officer’s
Certificate of the Issuer.
 
“Opinion of Counsel” means a written opinion of counsel who may, except as
otherwise provided in the 2016-A Basic Documents, be employees of or counsel to
the Issuer, either Trustee, the Servicer or any of their respective Affiliates
and, in the case of an opinion of counsel to be delivered to a party to the
2016-A Basic Documents or another entity (i) is delivered by counsel reasonably
acceptable to the related recipient and (ii) is addressed to the related
recipient.
 
“Outstanding” means, as of any date, all 2016-A ABS Notes authenticated and
delivered under the Indenture on or before such date except:
 
(i) 2016-A ABS Notes that have been cancelled by the Note Registrar or delivered
to the Note Registrar for cancellation;
 
(ii) 2016-A ABS Notes to the extent an amount necessary to pay all or such
portion of such 2016-A ABS Notes has been deposited with the Indenture Trustee
or any Note Paying Agent in trust for the Noteholders of such 2016-A ABS Notes
on or before such date; provided that if such 2016-A ABS Notes are to be
redeemed, notice of such redemption has been duly given pursuant to the
Indenture or provision for such notice has been made, satisfactory to the
Indenture Trustee; and
 
(iii) 2016-A ABS Notes in exchange for or in lieu of which other 2016-A ABS
Notes have been authenticated and delivered pursuant to the Indenture unless
proof satisfactory to the Indenture Trustee is presented that a Protected
Purchaser holds any such 2016-A ABS Notes;
 
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provided that in determining (a) whether the Noteholders of 2016-A ABS Notes
evidencing the requisite Note Balance have given any request, demand,
authorization, direction, notice, consent, or waiver under any 2016-A Basic
Document, 2016-A ABS Notes owned by the Issuer, the Transferor, the Servicer or
any of their respective Affiliates will be disregarded and deemed not to be
Outstanding and (b) whether the Indenture Trustee is protected in relying on any
such request, demand, authorization, direction, notice, consent or waiver, only
2016-A ABS Notes that an Authorized Officer of the Indenture Trustee knows to be
so owned will be disregarded and deemed not to be Outstanding; and, provided,
further, that, notwithstanding the foregoing,  Notes owned by the Issuer, the
Transferor, the Servicer or any of their respective Affiliates will be treated
as Outstanding if no other Notes remain Outstanding.
 
“Outstanding Amount” means, as of any date, the Note Balance of all Outstanding
2016-A ABS Notes.
 
“Outstanding Balance” means, with respect to a 2016-A Lease, the Securitization
Value of such 2016-A Lease as of the 2016-A Cutoff Date less the principal
portion of all payments made in respect of such 2016-A Lease since the 2016-A
Cutoff Date.
 
“Owner Trustee” means Wilmington Trust, solely in its capacity as owner trustee
under the Trust Agreement and not in its individual capacity, and any successor
in such capacity.
 
“Paying Agent” means the Indenture Trustee or any other Person appointed as such
pursuant to Section 3.11 of the Trust Agreement.
 
“Payment Date” means, with respect to the 2016-A Exchange Note and the 2016-A
ABS Notes, the 15th day of each calendar month, or, if such day is not a
Business Day, the next Business Day, beginning April 15, 2016.
 
“PBGC” means the Pension Benefit Guaranty Corporation.
 
“Performance Certification” means each certification delivered to the Certifying
Person pursuant to Article Seven of the 2016-A Exchange Note Supplement.
 
“Permitted Investments” means, with respect to any 2016-A Bank Account,
book-entry securities, negotiable instruments or securities represented by
instruments in bearer or registered form with maturities not exceeding the
Deposit Date relating to the next Payment Date that evidence:
 
 (i) direct non-callable obligations of, and obligations fully guaranteed as to
timely payment by, the United States;
 
 (ii) demand deposits, time deposits, certificates of deposit or bankers’
acceptances of any depository institution or trust company (a) incorporated
under the laws of the United States, any State or any United States branch of a
foreign bank, (b) subject to supervision and examination by federal or State
banking or depository institution authorities and (c) at the time of the
investment or contractual commitment to invest therein, the commercial paper or
other short-term unsecured debt obligations (other
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than such obligations the rating of which is based on the credit of a Person
other than such depository institution or trust company) of which have the
Required Rating;
 
 (iii) commercial paper, including asset-backed commercial paper, having, at the
time of the investment or contractual commitment to invest therein, the Required
Rating;
 
 (iv) investments in money market funds having, at the time of the investment or
contractual commitment to invest therein, a rating from at least one Rating
Agency and from each Rating Agency that rates such investment in the highest
investment category granted thereby (including funds for which the
Administrative Agent or any of its Affiliates is investment manager or advisor);
and
 
 (v) repurchase obligations with respect to any security that is a direct
non-callable obligation of, or fully guaranteed by, the United States or any
agency or instrumentality thereof the obligations of which are backed by the
full faith and credit of the United States, in either case entered into with a
depository institution or trust company (acting as principal) described in
clause (ii) above.
 
Notwithstanding the foregoing, (a) except as otherwise provided in the 2016-A
Servicing Supplement, each of the foregoing obligations, instruments and
securities shall mature no later than the Business Day immediately preceding the
date on which such funds are required to be available for application pursuant
to any related 2016-A Basic Document (other than in the case of the investment
of monies in obligations, instruments or securities of which the entity at which
the related 2016-A Bank Account is located is the obligor, which may mature on
such date), and shall be held to such maturity, (b) no Permitted Investment may
be purchased at a premium, (c) no obligation or security may be a Permitted
Investment unless (1) the Titling Trustee has Control over such obligation or
security and (2) at the time such obligation or security was delivered to the
Titling Trustee or the Titling Trustee or the Security Trustee became the
related Entitlement Holder, such entity did not have notice of any adverse claim
with respect thereto within the meaning of Section 8-105 of the UCC and (d) any
reference to the highest available credit rating of an obligation shall exclude
any “+” signs associated with such rating.
 
“Personally Identifiable Information” has the meaning stated in the Asset
Representations Review Agreement.
 
“Predecessor Note” means, with respect to any particular Note, every previous
Note evidencing all or a portion of the same debt as that evidenced by such
particular Note; and, for the purpose of this definition, any Note authenticated
and delivered under Section 2.06 of the Indenture in lieu of a mutilated, lost,
destroyed or stolen Note shall be deemed to evidence the same debt as the
mutilated, lost, destroyed or stolen Note.
 
“Principal Distribution Amount” means, for any Payment Date, to the extent of
funds available for payment, the sum of the Priority Principal Distribution
Amount and the Regular Principal Distribution Amount, not to exceed the
outstanding Note Balance.
 
“Priority Principal Distribution Amount” means, with respect to any Payment
Date, an amount not less than zero, equal to (i) the Outstanding Amount of the
Notes as of the preceding
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Payment Date (after giving effect to any principal payments made on the Notes on
such preceding Payment Date) or, in the case of the first Payment Date, the
Initial Note Balance, minus (ii) the 2016-A Aggregate Securitization Value at
the end of the related Collection Period; provided, however, that the Priority
Principal Distribution Amount on and after the Final Scheduled Payment Date of
any Class of the Notes will not be less than the amount that is necessary to
reduce the Note Balance of that Class of Notes to zero.
 
“Provided Information” means, with respect to (i) the Indenture Trustee, the
Servicing Criteria Assessment provided under Section 7.05 of the 2016-A Exchange
Note Supplement by or on behalf of the Indenture Trustee and (ii) the Servicer,
the information provided pursuant to Sections 6.03 and 6.04 of the 2016-A
Servicing Supplement, by or on behalf of the Servicer.
 
“Rating Agency” means each of Fitch and Moody’s; provided, however, that if
either of Fitch or Moody’s ceases to exist, Rating Agency shall mean any
nationally recognized statistical rating organization or other comparable Person
designated by the Issuer to replace such Person, written notice of which
designation shall have been given to the Transferor, the Servicer and the
Trustees.
 
“Rating Agency Condition” means, with respect to any action, and each Rating
Agency, either (i) written confirmation by that Rating Agency that such action
will not cause such Rating Agency to qualify, reduce or withdraw any of its
then-current ratings assigned to the Notes or (ii) that such Rating Agency has
been given at least ten days’ prior written notice of such action and such
Rating Agency has not issued any written notice that such action would cause
such Rating Agency to qualify, reduce or withdraw any of its then-current
ratings assigned to the Notes.
 
“Reallocation Request” means a request by a Requesting Party to the Servicer to
purchase and reallocate a 2016-A Lease and related 2016-A Vehicle due to an
alleged breach of a representation and warranty set forth in Section 3.03 of the
Servicing Supplement.
 
“Record Date” means, with respect to a Payment Date or Redemption Date, the
close of business on the day immediately preceding such Payment Date or
Redemption Date; provided, however, that if Definitive Notes have been issued
pursuant to the Indenture, Record Date shall mean, with respect to the 2016-A
ABS Notes and any Payment Date or Redemption Date, the last day of the preceding
Collection Period.
 
“Redemption Date” means, with respect to the redemption of the 2016-A ABS Notes
pursuant to Section 10.01 of the Indenture, the Payment Date specified by the
Servicer pursuant to such Section.
 
“Registered Holder” means the Person in whose name a Note is registered on the
Note Register on the applicable Record Date.
 
“Registered Pledgee” means, with respect to the 2016-A Exchange Note, the Person
listed in the Exchange Note Register as the registered pledgee of the 2016-A
Exchange Note.
 
“Regular Principal Distribution Amount” means, with respect to any Payment Date,
an amount not less than zero, equal to (i) the excess, if any, of (a) the
Outstanding Amount of the Notes as of the preceding Payment Date (after giving
effect to any principal payments made on
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the Notes on such preceding Payment Date) or, in the case of the first Payment
Date, the Initial Note Balance, minus (b) the 2016-A Aggregate Securitization
Value as of the last day of the related Collection Period minus the Target
Overcollateralization Amount minus (ii) the Priority Principal Distribution
Amount, if any, with respect to such Payment Date.
 
“Regulation AB” means subpart 229.1100 – Asset Backed Securities (Regulation
AB), 17 C.F.R. §§229.1100-229.1125, subject to such clarification and
interpretation as has been provided by the Commission in the adopting release
(Asset-Backed Securities, Securities Act Release No. 33-8518, 70 Fed. Reg.
1,506, 1,531 (Jan. 7, 2005)) or by the staff of the Commission, or as may be
provided by the Commission or its staff from time to time.
 
 “Reportable Event” means any event required to be reported on Form 8-K,
including each event specified on Part IV of Schedule B of the 2016-A Exchange
Note Supplement (i) for which such Person is the responsible party and (ii) of
which such Person (or in the case of the Indenture Trustee, as Responsible
Officer of such Person) has actual knowledge.
 
“Representatives” means Mitsubishi UFJ Securities (USA), Inc., Barclays Capital
Inc. and Lloyds Securities Inc., each in its capacity as representative of the
underwriters named in the Underwriting Agreement.
 
“Repurchase Payment” means, with respect to a 2016-A Lease and the related
2016-A Vehicle required to be purchased by the Servicer pursuant to
Section 3.05(a) of the 2016-A Servicing Supplement, the Outstanding Balance of
such 2016-A Lease plus any accrued but unpaid interest thereon.
 
“Requesting Party” means the Issuer, the Owner Trustee, the Indenture Trustee
(acting at the direction of the Noteholders or Note Owners in accordance with
Section 3.11(a) of the 2016-A Servicing Supplement), any Noteholder or a Note
Owner who provides to the requested party a written certification stating that
the Note Owner is a beneficial owner of a Note, together with supporting
documentation such as a trade confirmation, an account statement, a letter from
a broker or dealer verifying ownership or another similar document evidencing
ownership of a Note, in each case reasonably satisfactory to the requested
party.
 
“Required Reserve Amount” means, (i) $3,900,022.75 (i.e., 0.25% of the 2016-A
Cutoff Date Aggregate Securitization Value) or (ii) on any Payment Date
occurring on or after the date on which the Outstanding Amount of the Notes has
been reduced to zero, zero; provided that the Required Reserve Amount may not be
greater than the Note Balance of the Notes.
 
“Reserve Initial Deposit” means, with respect to the 2016-A Reserve Account,
$3,900,022.75 (i.e., 0.25% of the 2016-A Cutoff Date Aggregate Securitization
Value).
 
“Responsible Officer” means any officer of the Indenture Trustee within the
Corporate Trust Office, including any Vice President, Assistant Vice President,
Assistant Treasurer or Assistant Secretary or any other officer of the Indenture
Trustee customarily performing functions similar to those performed by any of
the above-designated officers and also, with respect to a particular matter, any
other officer to whom such matter is referred because of such officer’s
knowledge of and familiarity with the particular subject, in each case having
direct responsibility for the administration of the Indenture.
 
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“Review” has the meaning stated in the Asset Representations Review Agreement.
 
“Review Assets” has the meaning stated in the Asset Representations Review
Agreement and Section 3.10(c) of the Servicing Supplement.
 
“Review Notice” has the meaning stated in the Asset Representations Review
Agreement.
 
“Review Report” has the meaning stated in the Asset Representations Review
Agreement.
 
“Sarbanes-Oxley Act” means the Sarbanes-Oxley Act of 2002, as amended.
 
“Sarbanes-Oxley Certification” means the certification concerning the Issuer, to
be signed by an officer of the Servicer or the Transferor and submitted to the
Commission pursuant to the Sarbanes-Oxley Act.
 
“Schedule of 2016-A Reference Pool Assets” means the Schedule of 2016-A
Reference Pool Assets appearing as Exhibit B to the 2016-A Exchange Note
Supplement and Exhibit A to the 2016-A Servicing Supplement.
 
“Scheduled Securitization Value” means, with respect to any 2016-A Lease and any
Collection Period:
 
(i) if such 2016-A Lease is not covered by clauses (ii) and (iii) below, as of
the close of business on the last day of such Collection Period, the sum of the
present values of (a) all scheduled remaining Base Monthly Payments due under
that 2016-A Lease and (b) the Base Residual Value, in each case discounted by
using the related Securitization Rate;
 
(ii) if such 2016-A Lease became a Defaulted Lease during or prior to such
Collection Period, zero; and
 
(iii) if such 2016-A Lease became a Liquidated Lease, Extended Lease or a 2016-A
Lease purchased by the Servicer pursuant to Section 3.05(a) of the 2016-A
Servicing Supplement prior to such Collection Period, zero.
 
“Second-Tier Assets” has the meaning specified in Section 2.01(a) of the
Second-Tier Sale Agreement.
 
“Second-Tier Sale Agreement” means the Second-Tier Sale Agreement, dated as of
March 1, 2016, between the Transferor, as seller, and the Issuer, as purchaser.
 
“Securities” means the 2016-A ABS Notes and the Certificates.
 
“Securities Act” means the Securities Act of 1933 15 U.S.C. 77a et seq., as
amended, and any regulations promulgated thereunder.
 
“Securities Intermediary” has the meaning specified in Section 1.01 of the ABS
Control Agreement.
 
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“Securitization Rate” means, for any 2016-A Lease and the related 2016-A
Vehicle, the greater of (i) the Contract Rate set forth in the related lease
agreement and (ii) 7.25%.
 
“Securitization Transaction” means any transaction involving a sale or other
transfer of Leases and Leased Vehicles directly or indirectly to an issuing
entity in connection with the issuance of publicly offered or privately placed
rated or unrated asset-backed securities.
 
“Securitization Value” means, with respect to any 2016-A Lease:
 
(i) for each 2016-A Lease as of the 2016-A Cutoff Date, the sum of the present
values of (a) all remaining Base Monthly Payments due under that 2016-A Lease
and (b) the Base Residual Value, in each case discounted by using the related
Securitization Rate;
 
(ii) for each 2016-A Lease that was not or did not become a Defaulted Lease or a
Liquidated Lease as of the last day of any Collection Period , the
Securitization Value of such 2016-A Lease as of the 2016-A Cutoff Date, less the
principal portion of all payments made in respect of such 2016-A Lease since the
2016-A Cutoff Date;
 
(iii) for which the related 2016-A Vehicle was repurchased by the Servicer
during or prior to the Collection Period before its Maturity Date occurred,
zero; and
 
(iv) that became a Liquidated Lease or a Defaulted Lease during or prior to the
Collection Period before its Maturity Date occurred, zero.
 
“Securityholder” means any Noteholder or Certificateholder, as applicable.
 
“Servicer Event of Default” means any of the Exchange Note Servicer Events of
Default set forth in Section 7.01(a) of the 2016-A Servicing Supplement.
 
“Servicing Criteria” means the “servicing criteria” set forth in Item 1122(d) of
Regulation AB.
 
“Servicing Criteria Assessment” means a report of the Indenture Trustee’s
assessment of compliance with the Servicing Criteria pursuant to Section 7.05 of
the 2016-A Exchange Note Supplement during the immediately preceding calendar
year, as set forth under Rules 13a-18 and 15d-18 of the Exchange Act and Item
1122 of Regulation AB.
 
“Servicing Supplement” means the 2016-A Servicing Supplement.
 
“Similar Law” means any federal, State, local or non-U.S. law that is
substantially similar to the prohibited transaction provisions of Section 406 of
ERISA or Section 4975 of the Code.
 
“Successor Servicer” means any entity appointed as a successor to the Servicer
pursuant the 2016-A Servicing Agreement.
 
“Target Overcollateralization Amount” means, with respect to any Payment Date
(i) prior to the Payment Date on which the Class A-2 Notes are paid in full,
17.90% of the 2016-A Cutoff
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Date Aggregate Securitization Value and (ii) on the Payment Date on which the
Class A-2 Notes are paid in full and on each succeeding Payment Date, 16.90% of
the 2016-A Cutoff Date Aggregate Securitization Value.
 
“Test Fail” has the meaning stated in the Asset Representations Review
Agreement.
 
“Titling Trust Agreement” means the titling trust agreement, dated as of
June 18, 2007, as amended and restated as of August 1, 2007, as further amended
and restated as of April 1, 2008, in each case, among the Titling Trust
Administrator, the Initial Beneficiary and the Titling Trustee, as further
amended by the amendment to the titling trust agreement, dated as of March 1,
2009.
 
“Titling Trust Control Agreement” means the Titling Trust Account Control
Agreement, dated as of March 1, 2016, among the Titling Trust, the Indenture
Trustee and U.S. Bank National Association, in its capacity as a securities
intermediary.
 
“Transferor” means Daimler Trust Leasing LLC, a Delaware limited liability
company.
 
“Transition Costs” means the reasonable costs and expenses (including reasonable
attorneys’ fees but excluding overhead) incurred or payable by the Successor
Servicer in connection with the transfer of servicing (whether due to
termination, resignation or otherwise), including allowable compensation of
employees and overhead costs incurred or payable in connection with the transfer
of the Lease Files or any amendment to the 2016-A Servicing Agreement required
in connection with the transfer of servicing.
 
“Trust Agreement” means the Amended and Restated Trust Agreement, dated as of
March 1, 2016, between the Transferor and the Owner Trustee.
 
“Trust Estate” has the meaning specified in the Indenture.
 
“Trust Indenture Act” or “TIA” means the Trust Indenture Act of 1939 as in force
on the Closing Date, unless otherwise specifically provided in the Indenture.
 
“Trustees” means the Indenture Trustee and the Owner Trustee.
 
“Underwriting Agreement” means the Underwriting Agreement, dated March 8, 2016.
among the Transferor, MBFS USA and the Representatives.
 
“United States” or “U.S.” means the United States of America.
 
“U.S. Bank” means U.S. Bank National Association.
 
“U.S. Bank Trust” means U.S. Bank Trust National Association.
 
“Wilmington Trust” means Wilmington Trust, National Association.
 
 
 
 
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