Exhibit 99.1
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Volkswagen Auto
Lease Trust 2005-A
MONTHLY SERVICER CERTIFICATE
For the collection period ended 9-01-2007
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PAGE 1 |
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| A. |
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DATES |
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Begin |
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End |
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# days |
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1
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Determination Date
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9/18/2007 |
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2
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Payment Date
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9/20/2007 |
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3
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Collection Period
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7/29/2007 |
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9/1/2007 |
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35 |
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4
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Monthly Interest Period -
Actual
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8/20/2007 |
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9/19/2007 |
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31 |
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5
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Monthly Interest - Scheduled
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30 |
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| B. |
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SUMMARY |
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Principal
Payment |
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Initial
Balance |
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Beginning
Balance |
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1st Priority |
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Regular |
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Ending
Balance |
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Note Factor |
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6
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Class A-1 Notes |
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425,000,000.00 |
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— |
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7
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Class A-2 Notes |
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420,000,000.00 |
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— |
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8
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Class A-3 Notes |
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485,000,000.00 |
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3,254,210.04 |
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— |
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3,254,210.04 |
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9
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Class A-4 Notes* |
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170,000,000.00 |
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170,000,000.00 |
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— |
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34,536,334.61 |
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135,463,665.39 |
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0.7968451 |
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10
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Certificates |
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185,393,258.00 |
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185,393,258.00 |
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185,393,258.00 |
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1.0000000 |
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11
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Equals: Total Securities |
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$ |
1,685,393,258.00 |
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$ |
358,647,468.04 |
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— |
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$ |
37,790,544.65 |
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$ |
320,856,923.39 |
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12
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Total Securitization
Value |
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$ |
1,685,393,258.00 |
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$ |
392,355,334.04 |
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$ |
354,564,789.39 |
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Per $1000 |
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Principal &
Interest |
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Per $1000 |
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Coupon Rate |
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Interest Pmt
Due |
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Face Amount |
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Payment Due |
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Face Amount |
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13
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Class A-1 Notes |
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2.9850 |
% |
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— |
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14
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Class A-2 Notes |
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3.5200 |
% |
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— |
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15
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Class A-3 Notes |
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3.8200 |
% |
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10,359.24 |
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3.1833333 |
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3,264,569.28 |
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1,003.1833333 |
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16
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Class A-4 Notes |
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3.9400 |
% |
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558,166.67 |
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3.2833333 |
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35,094,501.28 |
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206.4382428 |
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Equals: Total Securities |
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568,525.90 |
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38,359,070.55 |
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C.
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COLLECTIONS AND AVAILABLE
FUNDS |
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17
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Lease Payments Received |
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9,153,615.70 |
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18
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Sales Proceeds - Early
Terminations |
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6,115,915.94 |
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19
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Sales Proceeds - Scheduled
Terminations |
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23,707,519.44 |
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20
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Security Deposits for Terminated
Accounts |
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172,246.99 |
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21
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Excess Wear and Tear Received |
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219,768.43 |
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22
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Excess Mileage Charges Received |
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299,304.30 |
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23
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Other Recoveries Received |
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352,280.77 |
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24
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Subtotal: Total
Collections |
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40,020,651.57 |
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25
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Repurchase Payments |
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— |
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26
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Postmaturity Term Extension |
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— |
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27
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Investment Earnings on Collection
Account |
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218,442.16 |
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28
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Total Available Funds, prior to
Servicer Advances |
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40,239,093.73 |
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29
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Servicer Advance |
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— |
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30
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Total Available Funds |
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40,239,093.73 |
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31
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Reserve Account Draw |
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— |
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32
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Available for
Distribution |
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40,239,093.73 |
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D.
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DISTRIBUTIONS |
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33
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Payment Date Advance Reimbursement
(Item 77) |
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— |
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34
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Servicing Fee (Servicing and
Administrative Fees paid pro rata): |
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35
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Servicing Fee Shortfall from Prior
Periods |
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— |
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36
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Servicing Fee Due in Current
Period |
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326,962.78 |
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37
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Servicing Fee Shortfall |
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— |
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38
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Administration Fee (Servicing and
Administrative Fees paid pro rata): |
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39
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Administration Fee Shortfall from
Prior Periods |
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— |
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40
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Administration Fee Due in Current
Period |
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5,000.00 |
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41
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Administration Fee Shortfall |
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— |
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42
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Interest Paid to Noteholders |
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568,525.90 |
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43
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First Priority Principal Distribution
Amount |
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— |
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44
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Amount Paid to Reserve Account to
Reach Specified Balance |
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— |
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45
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Subtotal: Remaining Available
Funds |
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39,338,605.05 |
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46
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Regular Principal Distribution
Amount |
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37,790,544.65 |
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47
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Regular Principal Paid to Noteholders
(lesser of Item 45 and Item 46) |
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37,790,544.65 |
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48
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Other Amounts paid to Trustees |
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— |
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49
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Remaining Available Funds |
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1,548,060.40 |
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Volkswagen Auto Lease/Loan Underwritten Funding, LLC, as
Transferor, has elected to exercise its option under
Section 9.4 of the Trust Agreement and
Section 10.1 of the Indenture to purchase the Trust
SUBI Certificate immediately after the monthly payment of principal
and interest on September 20, 2007 (the “Redemption
Date”) and has deposited $ 135,463,665.39 into the collection
account to redeem the balance of the Class A-4 Notes.
Therefore, pursuant to Section 9.4 of the Trust
Agreement and Section 10.1 of the Indenture, the Notes
will be redeemed on the Redemption Date. |
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Volkswagen Auto
Lease Trust 2005-A
MONTHLY SERVICER CERTIFICATE
For the collection period ended 9-1-2007
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|
|
PAGE 2 |
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E.
|
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CALCULATIONS |
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50
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Calculation of First Priority
Principal Distribution Amount: |
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51
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Outstanding Principal Amount of the
Notes (Beg. of Collection Period) |
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173,254,210.04 |
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52
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Less: Aggregate Securitization Value
(End of Collection Period) |
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(354,564,789.39) |
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53
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First Priority Principal
Distribution Amount (not less than zero) |
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— |
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54
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Calculation of Regular Principal
Distribution Amount: |
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173,254,210.04 |
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55
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Outstanding Principal Amount of the
Notes (Beg. of Collection Period) |
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