Lease and Acquisition of Vehicles. From time to time, subject to the terms and provisions hereof, the Lessor agrees to lease to each Lessee and each Lessee agrees to lease from the Lessor, subject to the terms hereof, (i) the new Vehicles identified in Vehicle orders (each such Vehicle order, a "Vehicle Order") placed by such Lessee, pursuant to the terms of the Manufacturer Programs with respect to Program Vehicles and NonProgram Vehicles to the extent subject to a Manufacturer Program and as otherwise agreed by the Lessor, such Lessee and a dealer with respect to other Non-Program Vehicles and (ii) the Vehicles identified in Attachment A hereto containing information concerning the Initial PVT Vehicles and the Initial ARAC Vehicles leased by ARAC under this Agreement (the "Initial Leased Vehicles") of a scope agreed upon by ARAC and the Lessor (including, at a minimum, the Net Book Value (as of the first day of the Related Month in which the Initial Closing Date occurs) of each of the Initial Leased Vehicles). If requested by the Lessor, a Lessee shall make each Vehicle Order with respect to each Vehicle leased by such Lessee available to the Lessor, together with a schedule containing the information with respect to such Vehicles included within such Vehicle Order as is set forth in Attachment B hereto (each, a "Vehicle Acquisition Schedule"), or in such form as is otherwise requested by the Lessor. In addition, each Lessee agrees to provide such other information regarding such Vehicles as the Lessor may require from time to time, including on the Initial Closing Date, in the case of the Initial Leased Vehicles, such information as may be required to determine the monthly Depreciation Charges applicable to such Vehicles. This Agreement, together with the Manufacturer Programs and any other related documents attached to this Agreement or submitted with a Vehicle Order (collectively, the "Supplemental Documents"), will constitute the entire agreement regarding the leasing of Vehicles by the Lessor to the Lessees.
Appears in 2 contracts
Samples: Master Motor Vehicle Operating Lease Agreement (Avis Rent a Car Inc), Master Motor Vehicle Operating Lease Agreement (Avis Rent a Car Inc)
Lease and Acquisition of Vehicles. From time to time, subject to the terms and provisions hereof, the Lessor agrees to lease to each Lessee the Lessees and each Lessee agrees to lease from the Lessor, subject to the terms hereof, (i) the new Vehicles vehicles identified in Vehicle vehicle orders (each such Vehicle vehicle order, a "“Vehicle Order"”) placed by such LesseeLessee (which Vehicles may not be titled in the States of Ohio, Oklahoma or Nebraska) pursuant to the terms of the Manufacturer Programs with respect to Program Vehicles and NonProgram Non-Program Vehicles (to the extent such Non-Program Vehicles are subject to a Manufacturer Program Program) and as otherwise agreed by the Lessor, such Lessee and a dealer with respect to other Non-Program Vehicles and Vehicles, (ii) the Vehicles identified in Attachment A hereto containing the computer file delivered to the Trustee on the date hereof which were leased to such Lessee pursuant to the Prior AESOP Finance Lease immediately prior to the effectiveness of this Agreement and (iii) the Franchisee Vehicles identified in an Officer’s Certificate from such Lessee delivered to the Lessor, the Lender and the Trustee (with a copy to each Rating Agency) at the time such Lessee desires to lease such Franchisee Vehicles hereunder (which Vehicles may not be titled in the States of Ohio, Oklahoma or Nebraska), which Officer’s Certificate shall contain information concerning the Initial PVT Franchisee Vehicles and the Initial ARAC Vehicles to be leased by ARAC such Lessee under this Agreement (the "Initial Leased Vehicles") of a scope agreed upon by ARAC such Lessee and the Lessor (including, at a minimum, the Net Book Value (as of the first day of the Related Month in which the Initial Closing Vehicle Finance Lease Commencement Date with respect to each such Vehicle occurs) of each of )); provided, however, that no Franchisee Vehicle may be leased by any Lessee hereunder unless the Initial Leased Vehicles)Franchisee Vehicle Leasing Condition is met with respect to such Franchisee Vehicle. If requested by the Lessor, a each Lessee shall make each Vehicle Order with respect to each Vehicle leased by such Lessee hereunder available to the Lessor, together with a schedule containing the information with respect to such Vehicles Vehicle included within such Vehicle Order as is set forth in Attachment B A hereto (each, a "“Vehicle Acquisition Schedule"”), or in such form as is otherwise requested by the Lessor. In addition, each Lessee agrees to provide such other information regarding such Vehicles as the Lessor may require from time to time, including and on the Initial Closing related Vehicle Finance Lease Commencement Date, in the case of the Initial Leased Vehiclesany Franchisee Vehicle leased hereunder, such information as may be required to determine the monthly Depreciation Charges applicable to such VehiclesVehicle. This Agreement, together with the Manufacturer Programs and any other related documents attached to this Agreement or submitted with a Vehicle Order (collectively, the "“Supplemental Documents"”), will constitute the entire agreement regarding the leasing of Vehicles by the Lessor to the Lessees.
Appears in 2 contracts
Samples: Finance Lease Agreement, Finance Lease Agreement (Avis Budget Group, Inc.)
Lease and Acquisition of Vehicles. From time to time, subject to the terms and provisions hereof, the Lessor agrees to lease to each the Lessee and each the Lessee agrees to lease from the Lessor, subject to the terms hereof, (i) the new Vehicles identified in Vehicle orders (each such Vehicle vehicle order, a "Vehicle Order") placed by such Lesseethe Lessee (which Vehicles may not be titled in the States of Ohio, Oklahoma or Nebraska), pursuant to the terms of the Manufacturer Programs with respect to Program Vehicles and NonProgram Non-Program Vehicles to the extent subject to a Manufacturer Program and as otherwise agreed by the Lessor, such the Lessee and a dealer with respect to other Non-Program Vehicles and Vehicles, (ii) the Vehicles identified in Attachment A hereto (which Vehicles may not be titled in the States of Ohio, Oklahoma or Nebraska) containing information concerning the Initial PVT Vehicles and the Initial ARAC Financed Vehicles leased by ARAC under this Agreement (the "Initial Leased Vehicles") of a scope agreed upon by ARAC and the Lessor (including, at a minimum, the Net Book Value (as of the first day of the Related Month in which the Initial Closing Date occurs) of each of the Initial Leased Vehicles) and (iii) the Franchisee Vehicles identified in an Officer's Certificate from the Lessee delivered to the Lessor, the Lender and the Trustee (with a copy to each Rating Agency) at the time the Lessee desires to lease such Franchisee Vehicles hereunder (which Vehicles may not be titled in the States of Ohio, Oklahoma or Nebraska), which Officer's Certificate shall contain information concerning the Franchisee Vehicles to be leased by the Lessee under this Agreement of a scope agreed upon by the Lessee and the Lessor (including, at a minimum, the Net Book Value (as of the first day of the Related Month in which the Vehicle Finance Lease Commencement Date with respect to each such Vehicle occurs); provided, however, that no Franchisee Vehicle may be leased by the Lessee hereunder unless the Franchisee Vehicle Leasing Condition is met with respect to such Franchisee Vehicle. If requested by the Lessor, a the Lessee shall make each Vehicle Order with respect to each Vehicle leased by such Lessee available to the Lessor, together with a schedule containing the information with respect to such the Vehicles included within such Vehicle Order as is set forth in Attachment B hereto (each, a "Vehicle Acquisition Schedule"), or in such form as is otherwise requested by the Lessor. In addition, each the Lessee agrees to provide such other information regarding such Vehicles as the Lessor may require from time to time, including on the Initial Closing Date, in the case of the Initial Leased Vehicles, and on the related Vehicle Finance Lease Commencement Date, in the case of any Franchisee Vehicle leased hereunder, such information as may be required to determine the monthly Depreciation Charges applicable to such VehiclesVehicle. This Agreement, together with the Manufacturer Programs and any other related documents attached to this Agreement or submitted with a Vehicle Order (collectively, the "Supplemental Documents"), will constitute the entire agreement regarding the leasing of Vehicles by the Lessor to the LesseesLessee.
Appears in 2 contracts
Samples: Master Motor Vehicle Finance Lease Agreement (Avis Rent a Car Inc), Master Motor Vehicle Finance Lease Agreement (Avis Rent a Car Inc)
Lease and Acquisition of Vehicles. From time to time, subject to the terms and provisions hereof, the Lessor agrees to lease to each Lessee and each such Lessee agrees to lease from the Lessor, subject to the terms hereof, (i) the new Vehicles identified in Vehicle orders (each such Vehicle vehicle order, a "Vehicle Order") placed by such each Lessee, pursuant to the terms of the Manufacturer Programs with respect to Program Vehicles and NonProgram Vehicles to the extent subject to a Manufacturer Program and as otherwise agreed by the Lessor, such Lessee and a dealer with respect to other Non-Program Vehicles and (ii) the Vehicles identified in Attachment A hereto containing information concerning the Initial PVT Vehicles and the Initial ARAC AESOP Vehicles leased by ARAC under this Agreement (the "Initial Leased Vehicles") of a scope agreed upon by ARAC and the Lessor (including, at a minimum, the Net Book Value (as of the first day of the Related Month in which the Initial Closing Date occurs) of each of the Initial Leased Vehicles). If requested by the Lessor, a each Lessee shall make each Vehicle Order with respect to each Vehicle leased by such Lessee available to the Lessor, together with a schedule containing the information with respect to such Vehicles included within such Vehicle Order as is set forth in Attachment B hereto (each, a "Vehicle Acquisition Schedule"), or in such form as is otherwise requested by the Lessor. In addition, each Lessee agrees to provide such other information regarding such Vehicles as the Lessor may require from time to time, including on the Initial Closing Date, in the case of the Initial Leased Vehicles, such information as may be required to determine the monthly Depreciation Charges applicable to such Vehicles. This Agreement, together with the Manufacturer Programs and any other related documents attached to this Agreement or submitted with a Vehicle Order (collectively, the "Supplemental Documents"), will constitute the entire agreement regarding the leasing of Vehicles by the Lessor to the Lessees.
Appears in 2 contracts
Samples: Master Motor Vehicle Operating Lease Agreement (Avis Rent a Car Inc), Master Motor Vehicle Operating Lease Agreement (Avis Rent a Car Inc)
Lease and Acquisition of Vehicles. From time to time, subject to the terms and provisions hereof, the Lessor agrees to lease to each Lessee and each Lessee agrees to lease from the Lessor, subject to the terms hereof, (i) the new Vehicles identified in Vehicle orders (each such Vehicle order, a "Vehicle Order") placed by such Lessee, pursuant to the terms of the Manufacturer Programs with respect to Program Vehicles and NonProgram Non-Program Vehicles to the extent subject to a Manufacturer Program and as otherwise agreed by the Lessor, such Lessee and a dealer with respect to other Non-Program Vehicles and (ii) the Vehicles identified in Attachment A hereto containing information concerning the Initial PVT Vehicles and the Initial ARAC Vehicles leased by ARAC under this Agreement (the "Initial Leased Vehicles") of a scope agreed upon by ARAC and the Lessor (including, at a minimum, the Net Book Value (as of the first day of the Related Month in which the Initial Closing Date occurs) of each of the Initial Leased Vehicles). If requested by the Lessor, a Lessee shall make each Vehicle Order with respect to each Vehicle leased by such Lessee available to the Lessor, together with a schedule containing the information with respect to such Vehicles included within such Vehicle Order as is set forth in Attachment B hereto (each, a "Vehicle Acquisition Schedule"), or in such form as is otherwise requested by the Lessor. In addition, each Lessee agrees to provide such other information regarding such Vehicles as the Lessor may require from time to time, including on the Initial Closing Date, in the case of the Initial Leased Vehicles, such information as may be required to determine the monthly Depreciation Charges applicable to such Vehicles. This Agreement, together with the Manufacturer Programs and any other related documents attached to this Agreement or submitted with a Vehicle Order (collectively, the "Supplemental Documents"), will constitute the entire agreement regarding the leasing of Vehicles by the Lessor to the Lessees.
Appears in 1 contract
Samples: Master Motor Vehicle Operating Lease Agreement (Avis Rent a Car Inc)
Lease and Acquisition of Vehicles. From time to time, subject to the terms and provisions hereof, the Lessor agrees to lease to each the Lessee and each the Lessee agrees to lease from the Lessor, subject to the terms hereof, (i) the new Vehicles vehicles identified in Vehicle vehicle orders (each such Vehicle vehicle order, a "“Vehicle Order"”) placed by such Lessee, the Lessee pursuant to the terms of the Manufacturer Programs with respect to Program Vehicles and NonProgram Non-Program Vehicles (to the extent such Non-Program Vehicles are subject to a Manufacturer Program Program) and as otherwise agreed by the Lessor, such the Lessee and a dealer with respect to other Non-Program Vehicles and (ii) the Vehicles identified in Attachment A hereto containing information concerning the Initial PVT Vehicles and computer file delivered by the Initial ARAC Vehicles Lessee to the Trustee on the date hereof which were leased by ARAC under pursuant to the Prior AESOP I Operating Lease immediately prior to the effectiveness of this Agreement (the "Initial Leased Vehicles") of a scope agreed upon by ARAC and the Lessor (including, at a minimum, the Net Book Value (as of the first day of the Related Month in which the Initial Closing Date occurs) of each of the Initial Leased Vehicles)Agreement. If requested by the Lessor, a the Lessee shall make each Vehicle Order with respect to each Vehicle leased by such Lessee hereunder available to the Lessor, together with a schedule containing the information with respect to such Vehicles Vehicle included within such Vehicle Order as is set forth in Attachment B A hereto (each, a "“Vehicle Acquisition Schedule"”), or in such form as is otherwise requested by the Lessor. In addition, each the Lessee agrees to provide such other information regarding such Vehicles as the Lessor may require from time to time, including on the Initial Closing Date, in the case of the Initial Leased Vehicles, such information as may be required to determine the monthly Depreciation Charges applicable to such Vehicles. This Agreement, together with the Manufacturer Programs and any other related documents attached to this Agreement or submitted with a Vehicle Order (collectively, the "“Supplemental Documents"”), will constitute the entire agreement regarding the leasing of Vehicles by the Lessor to the LesseesLessee.
Appears in 1 contract
Samples: Master Motor Vehicle Operating Lease Agreement (Cendant Corp)