What changed
Mercedes-Benz Auto Lease Trust 2026-B entered a Collateral Account Control Agreement dated October 1, 2026 with U.S. Bank Trust Company, National Association as Indenture Trustee and U.S. Bank National Association as Securities Intermediary. The agreement establishes control over two segregated accounts: the 2026-B Reserve Account (number 288906002) and the 2026-B Distribution Account (number 288906001), both created in the name of the Assignee-Secured Party. The Issuer granted a security interest in these accounts and related security entitlements to secure obligations under the Basic Collateral Agency Agreement and the 2026-B Exchange Note Supplement. Upon release of the Indenture lien, rights to each collateral account transfer back to the Initial Secured Party.
Why it matters
Mercedes-Benz Auto Lease Trust 2026-B entered a Collateral Account Control Agreement dated October 1, 2026 with U.S. Bank Trust Company, National Association as Indenture Trustee and U.S. Bank Nationa