Common use of Maintenance of the Vehicles Clause in Contracts

Maintenance of the Vehicles. AESOP Leasing will maintain or cause to be maintained in good repair, working order, and condition all of the Vehicles leased under the AESOP I Operating Lease, except to the extent that any such failure to comply with such requirements does not, in the aggregate, materially adversely affect the interests of the Lender under this Agreement or the interests of the Secured Parties under the Indenture or the likelihood of repayment of the Loans made hereunder. From time to time AESOP Leasing will make or cause to be made all appropriate repairs, renewals, and replacements with respect to the Vehicles leased under the AESOP I Operating Lease.

Appears in 4 contracts

Samples: Loan Agreement (Cendant Corp), Loan Agreement (Avis Rent a Car Inc), Loan Agreement (Avis Rent a Car Inc)

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Maintenance of the Vehicles. AESOP Leasing will maintain or cause to be maintained in good repair, working order, and condition all of the Vehicles leased under the AESOP I Operating Finance Lease, except to the extent that any such failure to comply with such requirements does not, in the aggregate, materially adversely affect the interests of the Lender under this Agreement or the interests of the Secured Parties under the Indenture or the likelihood of repayment of the Loans made hereunder. From time to time AESOP Leasing will make or cause to be made all appropriate repairs, renewals, and replacements with respect to the Vehicles leased under the AESOP I Operating Finance Lease.

Appears in 3 contracts

Samples: Loan Agreement (Avis Budget Group, Inc.), Loan Agreement (Avis Rent a Car Inc), Loan Agreement (Avis Rent a Car Inc)

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