EX-99.1 2 d602048dex991.htm EX-99.1 EX-99.1

Exhibit 99.1

 

 

Enterprise Fleet Financing 2017-2, LLC

Series 2017-2 Asset Backed Notes

Sample Lease Agreed-Upon Procedures

 

Report To:

Enterprise Fleet Financing 2017-2, LLC

Enterprise Fleet Management, Inc.

 

8 June 2017

 

LOGO

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Ernst & Young LLP

5 Times Square

New York, NY 10036-6530

   

 

 

Tel: +1 212 773 3000

Fax: +1 212 773 6350

ey.com

Report of Independent Accountants on Applying Agreed-Upon Procedures

Enterprise Fleet Financing 2017-2, LLC

Enterprise Fleet Management, Inc.

600 Corporate Park Drive

St. Louis, Missouri 63105

 

Re:    Enterprise Fleet Financing 2017-2, LLC (the “Issuer”)
   Series 2017-2 Asset Backed Notes (the “Notes”)
   Sample Lease Agreed-Upon Procedures

We have performed the procedures enumerated in Attachment A, which were agreed to by the Issuer, Enterprise Fleet Management, Inc. (the “Sponsor”), J.P. Morgan Securities LLC (“J.P. Morgan”), Merrill Lynch, Pierce, Fenner & Smith Incorporated (“BofA Merrill Lynch”), RBC Capital Markets, LLC (“RBC”) and HSBC Securities (USA) Inc. (“HSBC,” together with the Issuer, Sponsor, J.P. Morgan, BofA Merrill Lynch and RBC, the “Specified Parties”), solely to assist the Issuer in evaluating the accuracy of certain information with respect to a pool of leases and the vehicles subject to those leases (the “Leases” and “Vehicles,” respectively) relating to the Issuer’s securitization transaction. This agreed-upon procedures engagement was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants. The sufficiency of the procedures is solely the responsibility of the Specified Parties. Consequently, we make no representation regarding the sufficiency of the procedures described in Attachment A, either for the purpose for which this report has been requested or for any other purpose.

The procedures performed and our associated findings are included in Attachment A.

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For the purpose of the procedures described in this report, the Sponsor, on behalf of the Issuer, provided us with:

 

a. Electronic data files:

 

  i. Labeled “DATA_TAPE_MTN_2017-2.mdb” and the corresponding record layout and decode information (the “Preliminary Data File”) that the Sponsor, on behalf of the Issuer, indicated contains information relating to certain leases and the vehicles subject to those leases as of 30 April 2017 (the “Cutoff Date”) and

 

  ii. Labeled “DATA_TAPE_MTN_2017-2.mdb” and the corresponding record layout and decode information (the “Data File”) that the Sponsor, on behalf of the Issuer, indicated contains information relating to certain leases and the vehicles subject to those leases as of the Cutoff Date,

 

b. Imaged copies of:

 

  i. The master equity lease agreement, master equity lease agreement (open-end), master of equity lease agreement, master walkaway lease agreement, master walkaway equity lease agreement, amended and restated master equity lease agreement, amended and restated master walkaway lease agreement, addendum to the master equity lease agreement and amendment to master equity lease agreement (collectively, and as applicable, the “Master Lease Agreement”),

 

  ii. Certain screen shots from the Sponsor’s servicing system (the “System Screen Shots”),

 

  iii. The credit review file (the “Credit Review File”),

 

  iv. The certificate of title, registration card, Colorado registration card, temporary certificate of vehicle registration, registration certificate, vehicle record and vehicle registration inquiry report (collectively, and as applicable, the “Title”) and

 

  v. The certificate of insurance, certificate of liability insurance, certificate of property insurance, evidence of property insurance, loss payable endorsement, memorandum of insurance, vehicle or equipment certificate of insurance, and/or the self-insurance addendum to the Master Lease Agreement (collectively, and as applicable and available, the “Insurance Source Documents,” together with the Master Lease Agreement, System Screen Shots, Credit Review File and Title, the “Source Documents”),

for each Sample Lease (as defined in Attachment A),

 

c. The list of relevant characteristics (the “Sample Characteristics”) on the Base Data File (as defined in Attachment A), which is shown on Exhibit 1 to Attachment A, and

 

d. Instructions, assumptions and methodologies, which are described in Attachment A.

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The procedures included in Attachment A were limited to comparing, recalculating or observing certain information that is further described in Attachment A. The Issuer is responsible for the Lessee Name Change Table (as defined in Attachment A), Preliminary Data File, Data File, Source Documents, Sample Characteristics and the determination of the instructions, assumptions and methodologies that are described herein. We were not requested to perform and we have not performed any procedures other than those listed in Attachment A with respect to the preparation or verification of any of the information set forth on the Preliminary Data File, Preliminary Base Data File (as defined in Attachment A), Data File or Base Data File. We have not verified, and we make no representation as to, the accuracy, completeness or reasonableness of the Lessee Name Change Table, Source Documents or any other information provided to us by the Sponsor, on behalf of the Issuer, upon which we relied in forming our findings. Accordingly, we make no representation and express no opinion as to (a) the existence of the Leases or Vehicles, (b) questions of legal or tax interpretation and (c) the accuracy, completeness or reasonableness of any instructions, assumptions and methodologies provided to us by the Sponsor, on behalf of the Issuer, that are described in this report. We undertake no responsibility to update this report for events and circumstances occurring after the date hereof.

We were not engaged to, and did not, conduct an examination to express an opinion or a review to express a conclusion in accordance with attestation standards established by the American Institute of Certified Public Accountants on any of the items referred to herein. Accordingly, we do not express such an opinion or conclusion. Had we performed additional procedures, other matters might have come to our attention that would have been reported to you.

The agreed-upon procedures described in this report were not performed for the purpose of:

 

a. Satisfying any criteria for due diligence published by a nationally recognized statistical rating organization (a “rating agency”) or

 

b. Making any findings with respect to:

 

  i. Whether the origination of the Leases conformed to, or deviated from, stated underwriting or credit extension guidelines, standards, criteria, or other requirements,

 

  ii. The value of the collateral securing the Leases,

 

  iii. Whether the originator of the Leases complied with federal, state or local laws or regulations or

 

  iv. Any other factor or characteristic of the Leases that would be material to the likelihood that the issuer of the Notes will pay interest and principal in accordance with applicable terms and conditions.

This report is intended solely for the use of the Specified Parties and is not intended to be and should not be used by anyone other than the Specified Parties. It is not intended to be and should not be used by any other person or entity, including investors and rating agencies, who are not identified in the report as Specified Parties but who may have access to this report as required by law or regulation.

/s/ Ernst & Young LLP

8 June 2017

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Attachment A

Page 1 of 3

 

Procedures performed and our associated findings

 

1. As instructed by the Sponsor, on behalf of the Issuer, we removed the leases and the vehicles subject to those leases from the Preliminary Data File with a financial issuance description (FIN_ISS_DSC) not containing the word “Base,” as shown on the Preliminary Data File.

The Preliminary Data File, as adjusted, is hereinafter referred to as the “Preliminary Base Data File. ” The Sponsor, on behalf of the Issuer, indicated that the leases and the vehicles subject to those leases on the Preliminary Base Data File are the Leases and Vehicles, respectively.

As instructed by the Sponsor, on behalf of the Issuer, we randomly selected a sample of 150 Leases from the Preliminary Base Data File (the “Sample Leases”). For the purpose of this procedure, the Sponsor, on behalf of the Issuer, did not inform us as to the basis for how they determined the number of Sample Leases they instructed us to randomly select from the Preliminary Base Data File.

For the purpose of the procedures described in this report, the 150 Sample Leases are referred to as Sample Lease Numbers 1 through 150.

 

2. As instructed by the Sponsor, on behalf of the Issuer, we removed the leases and the vehicles subject to those leases from the Data File with a financial issuance description (FIN_ISS_DSC) not containing the word “Base,” as shown on the Data File.

The Data File, as adjusted, is hereinafter referred to as the “Base Data File.”

 

3. For each lease on the Preliminary Base Data File and Base Data File, we compared the lease ID (the “Lease ID”), as shown on the Preliminary Base Data File, to the corresponding Lease ID, as shown on the Base Data File, and noted that:

 

  a. All the Leases were included on both the Preliminary Base Data File and Base Data File and

 

  b. No leases other than the Leases were included on the Preliminary Base Data File or Base Data File.

 

4. For each Sample Lease:

 

  a. We compared the Sample Characteristics listed on Exhibit 1 to Attachment A, all as shown on the Base Data File, to the corresponding information located on, or to the corresponding information we recalculated using information located on, the corresponding System Screen Shots, subject to the instructions, assumptions and methodologies provided by the Sponsor, on behalf of the Issuer, that are stated in the notes to Exhibit 1 to Attachment A. All such compared information was in agreement.

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Attachment A

Page 2 of 3

 

4. (continued)

 

  b. We observed that the corresponding Master Lease Agreement contained a signature in the lessee signature section. We performed no procedures to determine the validity of the signature contained in the lessee signature section of the Master Lease Agreement.

 

  c. We observed that the corresponding Credit Review File contained either a line of credit authorization form or an addendum to the line of credit authorization form that had an (i) approval and (ii) electronic signature. We performed no procedures to determine the validity of the approval or electronic signature contained in the Credit Review File.

 

  d. We compared the completed date, as shown in the corresponding Credit Review File, to the Cutoff Date, and, except for the Sample Leases listed on Exhibit 2 to Attachment A, we observed that the corresponding completed date, as shown on the Credit Review File, was within the period 12 months prior to the Cutoff Date.

 

  e. We observed the owner name on the corresponding Title, or for Sample Leases which had a Title from the state of Oregon, we observed the security interest holder/lessor name on the corresponding Title. As instructed by the Sponsor, on behalf of the Issuer, we listed the owner name or security interest holder/lessor name, as applicable, that we observed, as shown on the Title, for each Sample Lease on Exhibit 3 to Attachment A. We performed no procedures to determine the validity of any owner name or security interest holder/lessor name contained on the Title.

 

  f. We observed the loss payee name for physical damage insurance and the additional insured name for liability insurance on the corresponding Insurance Source Documents (as applicable and available) or corresponding System Screen Shots (as applicable). As instructed by the Sponsor, on behalf of the Issuer, we listed the loss payee name for physical damage insurance and additional insured name for liability insurance that we observed, as shown on the Insurance Source Documents (as applicable and available) or System Screen Shots (as applicable), for each Sample Lease on Exhibit 4 to Attachment A. We also observed on the Insurance Source Documents (as applicable and available) or System Screen Shots (as applicable), subject to the instructions provided by the Sponsor, on behalf of the Issuer, that are included in the notes to Exhibit 4 to Attachment A, that:

 

  i. 117 of the Sample Leases have Insurance Source Documents which indicate physical damage and liability insurance coverage and identify Enterprise FM Trust as both the loss payee and additional insured,

 

  ii. 17 of the Sample Leases have System Screen Shots which indicate Enterprise Enrollment Coverage as the insurance carrier and indicate the amount of physical damage and liability insurance that is billed each month,

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Attachment A

Page 3 of 3

 

4. (continued)

 

f. (continued)

 

  iii. Nine of the Sample Leases have Insurance Source Documents which indicate the lessee being self-insured for physical damage and which indicate liability insurance coverage and identify Enterprise FM Trust as the additional insured,

 

  iv. Six of the Sample Leases have System Screen Shots which indicate Enterprise Enrollment Coverage as the insurance carrier and indicate the amount of physical damage insurance that is billed each month and have Insurance Source Documents which indicate liability insurance coverage and identify Enterprise FM Trust as the additional insured and

 

  v. One of the Sample Leases has Insurance Source Documents which indicate the lessee being self-insured for both physical damage and liability.

We performed no procedures to determine the accuracy, completeness or reasonableness of the information described in this Item 4.f. that is contained on the Insurance Source Documents or System Screen Shots (as applicable).

The Sponsor, on behalf of the Issuer, indicated that certain lessee names have changed subsequent to the Sponsor’s preparation of the information on the Base Data File and the corresponding System Screen Shots. The Sponsor, on behalf of the Issuer, provided a decode table (the “Lessee Name Change Table”) for one Sample Lease containing the original and updated lessee name corresponding to such Sample Lease, and instructed us to use this information for the purpose of performing the procedures described in Items 4.b. through 4.f. above. We performed no procedures to determine the accuracy, completeness or reasonableness of the Lessee Name Change Table.

Exhibit 1 to Attachment A

Page 1 of 2

Sample Characteristics

 

Sample Characteristic

   

Base Data File Field Name

   

Source Document

  

Note

Unit number    UNIT_NBR    System Screen Shots   i.
Client number    CLIENT_NUMBER    System Screen Shots   ii.
Legal name of the lessee    CLIENT_NAME    System Screen Shots   iii.
Vehicle make    VEHICLE_MAKE    System Screen Shots  
Vehicle model    VEHICLE_MODEL    System Screen Shots  
Vehicle type    VEH_TYPE_NAME    System Screen Shots  
Contract type    LEASE_TYPE    System Screen Shots   iv.
Lease term    TERM    System Screen Shots  
Interest percentage    INT_PCT    System Screen Shots  
Interest adjustment percentage    INT_ADJ_PCT    System Screen Shots   v.
Vehicle residual value    RESIDUAL_VALUE_AMOUNT    System Screen Shots and recalculation   vi.
Vehicle capitalized cost    CAP_COST_AMOUNT    System Screen Shots  
Client industry    BUSN_TYPE_DESC    System Screen Shots   vii.

Notes:

 

i. For identification purposes only.

 

ii. The Sponsor, on behalf of the Issuer, indicated that for certain Sample Leases (the “Affiliate Sample Leases”), the lessee is identified on the System Screen Shots as a sub-customer of a master customer (the “Master Customer”). For the purpose of comparing the client number Sample Characteristic for each Affiliate Sample Lease, the Sponsor, on behalf of the Issuer, instructed us to use the client number corresponding to the Master Customer, as shown on the System Screen Shots.

 

iii. For the purpose of comparing the legal name of the lessee Sample Characteristic for each Affiliate Sample Lease, the Sponsor, on behalf of the Issuer, instructed us to use the legal name of the Master Customer, as shown on the System Screen Shots.

  

Exhibit 1 to Attachment A

Page 2 of 2

 

Notes: (continued)

 

iv. For the purpose of comparing the contract type Sample Characteristic for each Sample Lease, the Sponsor, on behalf of the Issuer, indicated that:

 

  a. A contract type of “type N” on the System Screen Shots corresponds to a closed term lease (the “Closed Term Sample Leases”), as shown on the Base Data File, and

 

  b. A contract type of “type E” on the System Screen Shots corresponds to an open term lease (the “Open Term Sample Leases”), as shown on the Base Data File.

 

v. The Sponsor, on behalf of the Issuer, instructed us not to compare the interest adjustment percentage Sample Characteristic for the Closed Term Sample Leases.

We performed no procedures corresponding to the interest adjustment percentage Sample Characteristic for the Closed Term Sample Leases.

 

vi. For the purpose of comparing the vehicle residual value Sample Characteristic for each Sample Lease, the Sponsor, on behalf of the Issuer, instructed us to recalculate the vehicle residual value by subtracting the:

 

  a. Product of:

 

  i. The monthly depreciation value and

 

  ii. The difference between the lease term and the months in service

from

 

  b. Sum of the vehicle capitalized cost and accumulated depreciation,

all as shown on the System Screen Shots.

For the purpose of this procedure, the Sponsor, on behalf of the Issuer, instructed us to ignore differences of +/- $0.01.

For the avoidance of any doubt with respect to the recalculation described above, the accumulated depreciation, as shown on the System Screen Shots, is a negative value, and the recalculation described in vi.b. above reduces the vehicle capitalized cost by such accumulated depreciation amount.

 

vii. For the purpose of comparing the client industry Sample Characteristic for each Affiliate Sample Lease, the Sponsor, on behalf of the Issuer, instructed us to use the client industry corresponding to the Master Customer, as shown on the System Screen Shots.

We performed no procedures to determine the accuracy, completeness or reasonableness of the instructions, assumptions and methodologies provided by the Sponsor, on behalf of the Issuer, that are described in the notes above.

Exhibit 2 to Attachment A

Credit Review File Completed Dates More Than 12 Months Prior to the Cutoff Date

 

Sample Lease Number

   

Completed Date

1    4/21/2016
2    4/5/2016
5    4/21/2016
6    2/15/2016
9    11/3/2015
20    6/24/2015
50    3/17/2016
65    4/26/2016
78    4/14/2016
80    4/19/2016
102    12/16/2015
125    3/29/2016

Note:

The Sponsor, on behalf of the Issuer, indicated that their credit and collection policy allows them to utilize a combination of objective measurements, subjective considerations and controls to determine when or if a credit review is necessary. The Sponsor, on behalf of the Issuer, indicated that while most clients are assigned a credit review date that is intended to result in an annual credit review, such date is not a defined date for performing a credit review. Additionally, the Sponsor, on behalf of the Issuer, indicated that credit personnel can use judgment to determine if a review is necessary or if it can be deferred and that common items they might consider include (but are not limited to):

 

a. Whether or not the client plans to place additional orders over the next year and/or whether the expected timing of those additional orders allows for the credit review to be deferred,

 

b. The level of risk inherent with the client’s fleet,

 

c. How long they have been a client,

 

d. Whether the latest financial information may be reviewed without performing a complete credit review (if the credit file is for a public company) and

 

e. Whether the client has been placed on credit hold or order hold.

We performed no procedures to determine the accuracy, completeness or reasonableness of the information provided by the Sponsor, on behalf of the Issuer, that is described above.

 

Exhibit 3 to Attachment A

Page 1 of 4

Owner Name or Security Interest Holder/Lessor Name

 

Sample
Lease Number

   

Owner Name or Security Interest Holder/Lessor Name

1    Enterprise FM Trust
2    Enterprise FM Trust LSR                                           LSE
3    Enterprise FM Trust
4    Enterprise FM Trust
5    Enterprise FM Trust
6    Enterprise FM Trust
7    Enterprise FM Trust
8    Enterprise FM Trust
9    Enterprise FM Trust
10    Enterprise FM Trust
11    Enterprise FM Trust
12    Enterprise FM Trust
13    Enterprise FM Trust LSR                                           LSE
14    Enterprise FM Trust
15    Enterprise FM Trust
16    Enterprise FM Trust LSR                                           LSE
17    Enterprise FM Trust
18    Enterprise FM Trust
19    Enterprise FM Trust
20    Enterprise FM Trust
21    Enterprise FM Trust
22    Enterprise FM Trust
23    Enterprise FM Trust
24    Enterprise FM Trust
25    Enterprise FM Trust LSR                                           LSE
26    Enterprise FM Trust
27    Enterprise FM Trust
28    Enterprise FM Trust
29    Enterprise FM Trust LSR                                          LSE
30    Enterprise FM Trust
31    Enterprise FM Trust
32    Enterprise FM Trust Lessor                                          Lessee
33    Enterprise FM Trust
34    Enterprise FM Trust
35    Enterprise FM Trust
36    Enterprise FM Trust LSR                                          LSE
37    Enterprise FM Trust

  

Exhibit 3 to Attachment A

Page 2 of 4

 

Sample
Lease Number

   

Owner Name or Security Interest Holder/Lessor Name

38    Enterprise FM Trust
39    Enterprise FM Trust
40    Enterprise FM Trust
41    Enterprise FM Trust
42    Enterprise FM Trust
43    Enterprise FM Trust
44    Enterprise FM Trust LSR                                           LSE
45    Enterprise FM Trust
46    Enterprise FM Trust
47    Enterprise FM Trust
48    Enterprise FM Trust
49    Enterprise FM Trust
50    Enterprise FM Trust
51    Enterprise FM Trust
52    Enterprise FM Trust
53    Enterprise FM Trust
54    Entr FM Trust
55    Enterprise FM Trust
56    Enterprise FM Trust
57    Enterprise FM Trust
58    Enterprise FM Trust
59    Enterprise FM Trust LSR                                           LSE
60    Enterprise FM Trust LSR                                           LSE
61    Enterprise FM Trust
62    Enterprise FM Trust
63    Enterprise FM Trust LSR                                          LSE
64    Enterprise FM Trust
65    Enterprise FM Trust
66    Enterprise FM Trust
67    Enterprise FM Trust
68    Enterprise FM Trust LSR                                           LSE
69    Enterprise FM Trust
70    Enterprise FM Trust
71    Enterprise FM Trust
72    Enterprise FM Trust
73    Enterprise FM Trust LSR                                          LSE
74    Enterprise FM Trust
75    Enterprise FM Trust LSR                                           LSE
76    Enterprise FM Trust

  

Exhibit 3 to Attachment A

Page 3 of 4

 

Sample
Lease Number

   

Owner Name or Security Interest Holder/Lessor Name

77    Enterprise FM Trust
78    Enterprise FM Trust
79    Enterprise FM Trust
80    Enterprise FM Trust
81    Enterprise FM Trust LSR                                           LSE
82    Enterprise FM Trust
83    Enterprise FM Trust
84    Enterprise FM Trust
85    Enterprise FM Trust LSR J                                          LSE
86    Enterprise FM Trust
87    Enterprise FM Trust LSR                                          LSE
88    Enterprise FM Trust
89    Enterprise FM Trust
90    Enterprise FM Trust
91    Enterprise FM Trust
92    Enterprise FM Trust
93    Enterprise FM Trust
94    Enterprise FM Trust Lessor                                           Lessee
95    Enterprise FM Trust
96    Enterprise FM Trust
97    Enterprise FM Trust
98    Enterprise FM Trust
99    Enterprise FM Trust
100    Enterprise FM Trust
101    Enterprise FM Trust
102    Entr FM Trust
103    Enterprise FM Trust LSR                                           LSE
104    Enterprise FM Trust
105    Enterprise FM Trust
106    Enterprise FM Trust
107    Enterprise FM Trust LSR                                           LSE
108    Enterprise FM Trust
109    Enterprise FM Trust
110    Enterprise FM Trust
111    Enterprise FM Trust
112    Enterprise FM Trust LSR                                           LSE
113    Enterprise FM Trust
114    Enterprise FM Trust
115    Enterprise FM Trust LSR                                          LSE

  

Exhibit 3 to Attachment A

Page 4 of 4

 

Sample
Lease Number

   

Owner Name or Security Interest Holder/Lessor Name

116    Enterprise FM Trust
117    Enterprise FM Trust
118    Enterprise FM Trust LSR                                           LSE
119    Enterprise FM Trust
120    Enterprise FM Trust
121    Enterprise FM Trust
122    Enterprise FM Trust LSR                                           LSE
123    Enterprise FM Trust
124    Enterprise FM Trust
125    Enterprise FM Trust
126    Enterprise FM Trust
127    Enterprise FM Trust LSR                                           LSE
128    Enterprise FM Trust
129    Enterprise FM Trust
130    Enterprise FM Trust
131    Enterprise FM Trust
132    Enterprise FM Trust
133    Enterprise FM Trust
134    Enterprise FM Trust                                          
135    Enterprise FM Trust
136    Enterprise FM Trust
137    Enterprise FM Trust
138    Enterprise FM Trust
139    Enterprise FM Trust
140    Enterprise FM Trust
141    Enterprise FM Trust
142    Enterprise FM Trust LSR                                           LSE
143    Enterprise FM Trust LSR                                          LSE
144    Enterprise FM Trust
145    Enterprise FM Trust
146    Enterprise FM Trust
147    Enterprise FM Trust
148    Enterprise FM Trust
149    Enterprise FM Trust, LSR                                           LSE
150    Enterprise FM Trust

Exhibit 4 to Attachment A

Page 1 of 5

Loss Payee Name and Additional Insured Name

 

Sample
Lease Number

   

Loss Payee Name and Additional Insured Name

1    Enterprise FM Trust
2    EHI Physical Damage Plan and Enterprise FM Trust (liability)
3    EHI Physical Damage Plan and Liability Plan
4    Enterprise FM Trust
5    Enterprise FM Trust
6    Enterprise FM Trust
7    Enterprise FM Trust
8    Enterprise FM Trust
9    Enterprise FM Trust
10    EHI Physical Damage Plan and Liability Plan
11    Enterprise FM Trust
12    Enterprise FM Trust
13    Enterprise FM Trust
14    Enterprise FM Trust
15    Enterprise FM Trust
16    Enterprise FM Trust
17    Enterprise FM Trust
18    Enterprise FM Trust
19    Enterprise FM Trust
20    EHI Physical Damage Plan and Liability Plan
21    Enterprise FM Trust
22    Enterprise FM Trust
23    Enterprise FM Trust
24    Enterprise FM Trust
25    Enterprise FM Trust
26    Self-Insured (physical damage) and Enterprise FM Trust (liability)
27    EHI Physical Damage Plan and Liability Plan
28    Enterprise FM Trust
29    Enterprise FM Trust
30    EHI Physical Damage Plan and Liability Plan
31    Enterprise FM Trust
32    Enterprise FM Trust
33    Self-Insured (physical damage) and Enterprise FM Trust (liability)
34    EHI Physical Damage Plan and Liability Plan
35    Enterprise FM Trust
36    EHI Physical Damage Plan and Liability Plan

  

Exhibit 4 to Attachment A

Page 2 of 5

 

Sample
Lease Number

   

Loss Payee Name and Additional Insured Name

37    Enterprise FM Trust
38    Enterprise FM Trust
39    EHI Physical Damage Plan and Liability Plan
40    Enterprise FM Trust
41    Enterprise FM Trust
42    EHI Physical Damage Plan and Liability Plan
43    Enterprise FM Trust
44    Enterprise FM Trust
45    Enterprise FM Trust
46    EHI Physical Damage Plan and Liability Plan
47    Enterprise FM Trust
48    Enterprise FM Trust
49    Enterprise FM Trust
50    Enterprise FM Trust
51    Enterprise FM Trust
52    Enterprise FM Trust
53    Enterprise FM Trust
54    Self-Insured (physical damage and liability)
55    Enterprise FM Trust
56    Enterprise FM Trust
57    Self-Insured (physical damage) and Enterprise FM Trust (liability)
58    Enterprise FM Trust
59    Enterprise FM Trust
60    Self-insured (physical damage) and Enterprise FM Trust (liability)
61    Enterprise FM Trust
62    Enterprise FM Trust
63    Enterprise FM Trust
64    Enterprise FM Trust
65    EHI Physical Damage Plan and Liability Plan
66    Enterprise FM Trust
67    Enterprise FM Trust
68    Enterprise FM Trust
69    Enterprise FM Trust
70    Enterprise FM Trust
71    Enterprise FM Trust
72    Enterprise FM Trust
73    EHI Physical Damage Plan and Liability Plan

  

Exhibit 4 to Attachment A

Page 3 of 5

 

Sample
Lease Number

   

Loss Payee Name and Additional Insured Name

74    Enterprise FM Trust
75    Enterprise FM Trust
76    Enterprise FM Trust
77    EHI Physical Damage Plan and Enterprise FM Trust (liability)
78    Enterprise FM Trust
79    EHI Physical Damage Plan and Liability Plan
80    Enterprise FM Trust
81    Enterprise FM Trust
82    Enterprise FM Trust
83    EHI Physical Damage Plan and Liability Plan
84    Enterprise FM Trust
85    Enterprise FM Trust
86    EHI Physical Damage Plan and Enterprise FM Trust (liability)
87    EHI Physical Damage Plan and Liability Plan
88    Enterprise FM Trust
89    Enterprise FM Trust
90    Enterprise FM Trust
91    Enterprise FM Trust
92    Enterprise FM Trust
93    Self-Insured (physical damage) and Enterprise FM Trust (liability)
94    Enterprise FM Trust
95    Enterprise FM Trust
96    Enterprise FM Trust
97    Enterprise FM Trust
98    Enterprise FM Trust
99    EHI Physical Damage Plan and Liability Plan
100    Enterprise FM Trust
101    Enterprise FM Trust
102    Enterprise FM Trust
103    Enterprise FM Trust
104    Enterprise FM Trust
105    Enterprise FM Trust
106    Enterprise FM Trust
107    Enterprise FM Trust
108    Enterprise FM Trust
109    Enterprise FM Trust
110    Enterprise FM Trust

  

Exhibit 4 to Attachment A

Page 4 of 5

 

Sample
Lease Number

   

Loss Payee Name and Additional Insured Name

111

   

Enterprise FM Trust

112

   

Enterprise FM Trust

113

   

Enterprise FM Trust

114

   

Enterprise FM Trust

115

   

Enterprise FM Trust

116

   

Enterprise FM Trust

117

   

Enterprise FM Trust

118

   

Enterprise FM Trust

119

   

Enterprise FM Trust

120

   

EHI Physical Damage Plan and Enterprise FM Trust (liability)

121

   

EHI Physical Damage Plan and Liability Plan

122

   

Enterprise FM Trust

123

   

Enterprise FM Trust

124

   

Self-Insured (physical damage) and Enterprise FM Trust (liability)

125

   

Enterprise FM Trust

126

   

Enterprise FM Trust

127

   

Self-Insured (physical damage) and Enterprise FM Trust (liability)

128

   

Enterprise FM Trust

129

   

EHI Physical Damage Plan and Enterprise FM Trust (liability)

130

   

Enterprise FM Trust

131

   

Enterprise FM Trust

132

   

EHI Physical Damage Plan and Enterprise FM Trust (liability)

133

   

Enterprise FM Trust

134

   

Self-Insured (physical damage) and Enterprise FM Trust (liability)

135

   

Enterprise FM Trust

136

   

Enterprise FM Trust

137

   

Enterprise FM Trust

138

   

Enterprise FM Trust

139

   

Enterprise FM Trust

140

   

Enterprise FM Trust

141

   

Enterprise FM Trust

142

   

Enterprise FM Trust

143

   

Self-Insured (physical damage) and Enterprise FM Trust (liability)

144

   

Enterprise FM Trust

145

   

Enterprise FM Trust

146

   

Enterprise FM Trust

147

   

Enterprise FM Trust

  

Exhibit 4 to Attachment A

Page 5 of 5

 

Sample
Lease Number

   

Loss Payee Name and Additional Insured Name

148

   

Enterprise FM Trust

149

   

Enterprise FM Trust

150

   

Enterprise FM Trust

Notes:

 

i. For the purpose of the procedure described in Item 4.f. of Attachment A, for Sample Leases that have System Screen Shots which show “Enterprise Enrollment Coverage” as the insurance carrier for physical damage insurance and liability insurance, the Sponsor, on behalf of the Issuer, instructed us to use “EHI Physical Damage Plan and Liability Plan” for the loss payee name and additional insured name.

 

ii. For the purpose of the procedure described in Item 4.f. of Attachment A, for Sample Leases that have System Screen Shots which show “Enterprise Enrollment Coverage” as the insurance carrier for physical damage insurance only, the Sponsor, on behalf of the Issuer, instructed us to use “EHI Physical Damage Plan” for the loss payee name.

We performed no procedures to determine the accuracy, completeness or reasonableness of the instructions provided by the Sponsor, on behalf of the Issuer, that are described in the notes above.