De Lage Landen Financial Services, Inc. (Depositor)
By /s/Matthew Goldenberg
Name: Matthew Goldenberg Title: Vice President, Capital Markets |
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By /s/Teuni Breg
Name: Teuni Breg
Title: Chief Risk Officer
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The completeness, accuracy, appropriateness, quality or integrity of any of the information provided by the Responsible Party, or any other party for purposes of PwC performing the procedures agreed
to by the Specified Parties. The procedures performed would not necessarily reveal any material misstatement of the amounts, balances, ratios, percentages
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or other relationships of the information included in the data provided to us;
The conformity of the origination of the assets to stated underwriting or credit extension guidelines, standards, criteria or other requirements;
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The value of collateral securing such assets; and
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The compliance of the originator of the assets with federal, state, and local laws and regulations.
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The interpretation of Transaction documents (including, but not limited to, indenture agreements or offering documents) included in connection with our procedures;
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Your compliance with Rule 15Ga-2 of the Securities Exchange Act of 1934;
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The reasonableness of any of the assumptions provided by the Responsible Party; and
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The adequacy of the sample size, as provided by the Specified Parties, nor do we draw any conclusions about the entire collateral pool based on the sample size and results of the procedures performed.
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A.
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Screenshots of OLM, the Company’s receivable system, in four files labeled “AUP Support - Part 1.zip”, “AUP Support - Part 2.zip”, “AUP Support - Part 3.zip”,
and “100-10099974.docx” (collectively the “Receivable Files”).
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B.
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An Excel data file labeled “DLL 2019-3 Data Tape & Cashflows as of August 2019 - sent PwC.xlsx” containing certain data fields for the Sample Receivables which the Company represents is from the
Company’s OLM system as of the Cutoff Date (the “Sample Receivables Extract File”).
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C.
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An Excel data file labeled “DLL 2019-3 Cashflows- Additional Support.xlsx” containing additional information related to payment frequency and payment amount for the Sample Receivables (the “Cashflows
File”).
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A.
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For each Sample Receivable, we compared and agreed the items listed below as set forth in the Sample Receivables Extract File to the respective information contained in the Receivable Files, as
provided and instructed by the Company:
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1.
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Contract Number
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2.
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Obligor Name1
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3.
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Billing State
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4.
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Original Term
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5.
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Residual Value
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6.
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Commencement Date
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7.
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Maturity Date
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8.
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Payment Amount2
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B.
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For each Sample Receivable, we compared and agreed the Payment Frequency as set forth in the Sample Receivables Extract File to the information contained in the Cashflows File, as provided an
instructed by the Company.
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i)
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Rely upon this report, and any use of this report by that Non-Specified Party is its sole responsibility and at its sole and exclusive risk;
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ii)
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Acquire any rights or claims against PwC, and PwC assumes no duties or obligations to such Non-Specified Party.
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