Common use of MANUFACTURER EVENTS OF DEFAULT Clause in Contracts

MANUFACTURER EVENTS OF DEFAULT. (a) Upon the occurrence of a Manufacturer Event of Default with respect to any Manufacturer (a “Defaulting Manufacturer”), the Lessor shall no longer purchase Program Vehicles from such Defaulting Manufacturer pursuant to the Purchase Agreement.

MANUFACTURER EVENTS OF DEFAULT. (a) Upon the occurrence of a Manufacturer Event of Default with respect to any Manufacturer (a “"Defaulting Manufacturer”"), the Lessee, on behalf of the Lessor (i) shall no longer purchase place Vehicle Orders for additional Program Vehicles from such Manufacturer and (ii) shall cancel any Vehicle Order with such Defaulting Manufacturer pursuant for any Program Vehicle with respect to which a VIN has not been assigned as of the Purchase Agreementdate such Manufacturer Event of Default occurs.

MANUFACTURER EVENTS OF DEFAULT. (a) Upon the occurrence of a Manufacturer Event of Default with respect to any Manufacturer (a “Defaulting Manufacturer”), the Lessor Lessee, on behalf of the Lessor, (i) shall no longer purchase place Vehicle Orders for additional Program Vehicles from such Manufacturer and (ii) shall cancel any Vehicle Order with such Defaulting Manufacturer pursuant for any Program Vehicle with respect to which a VIN has not been assigned as of the Purchase Agreementdate such Manufacturer Event of Default occurs.

MANUFACTURER EVENTS OF DEFAULT. (a) Upon During the occurrence continuance of a Manufacturer Event of Default with respect to any Manufacturer (a “Defaulting Manufacturer”), the Lessor shall no longer not purchase Program Vehicles from such Defaulting Manufacturer pursuant to the Purchase Agreement.