Manufacturer Programs. No Manufacturer Event of Default has occurred and is continuing.
Manufacturer Programs. No Manufacturer Event of Default has occurred and is continuing with respect to any Eligible Manufacturer Program.
Manufacturer Programs. (a) Prior to the leasing of any Program Vehicles under the HVF Lease for any model year after the 2002 model year, HVF will (i) cause the Lessee to deliver to the Trustee, the Lessor and the Rating Agencies an Officer’s Certificate of the Lessee substantially in the form of Exhibit C and (ii) have satisfied the Rating Agency Condition with respect to each Series of Notes Outstanding with respect to the leasing of Program Vehicles subject to such Manufacturer Program under the HVF Lease.
Manufacturer Programs. AESOP Leasing will turn in, or cause to be turned in, the Vehicles leased under the Finance Lease which are Program Vehicles (subject to the redesignation provisions of Section 2.7 of the Finance Lease) to the relevant Manufacturer within the Repurchase Period therefor (unless AESOP Leasing pays in full the Loan with respect to a Program Vehicle pursuant to Section 5.2 or sells a Program Vehicle and, prior to the end of the Repurchase Period therefor, receives sales proceeds thereof in cash in an amount equal to or greater than the repurchase price under such Manufacturer Program); and will comply with all of its obligations under each Manufacturer Program.
Manufacturer Programs. Turn in the Program Vehicles leased by the Lessee to the relevant Manufacturer within the Repurchase Period therefor (unless the Lessee purchases such Program Vehicle pursuant to the terms hereof or sells such Program Vehicle prior to the end of the Repurchase Period therefor and receives sales proceeds thereof in cash in an amount equal to or greater than the repurchase price under such Manufacturer Program); and comply with all of its obligations under each Manufacturer Program.
Manufacturer Programs. On or prior to the applicable Vehicle Funding Date, the Trustee shall have received a copy of each Manufacturer Program under which such Group IV Vehicles will be or have been purchased and are proposed to be leased under this Lease and an Officer's Certificate, dated the Group IV Initial Closing Date (or, if later, on or prior to such Vehicle Funding Date), and duly executed by an Authorized Officer of the Group IV Lessor, certifying that each such copy is true, correct and complete as of the Group IV Initial Closing Date (or, if later, on or prior to such Vehicle Funding Date). Each Manufacturer Program covering Program Vehicles identified in such Vehicle Order shall be in full force and effect, and shall be enforceable against the related Manufacturer in accordance with its terms.
Manufacturer Programs. Turn in each Program Vehicle leased by a Group IV Lessee hereunder to the relevant Manufacturer within the Repurchase Period therefor pursuant to SECTION 12.2 (unless the Group IV Lessee (i) sells such Group IV Vehicle pursuant to SECTION 27 or SECTION 8 of ANNEX A hereto and, prior to the end of the Repurchase Period therefor, causes to be deposited to the Master Collateral Account the sales proceeds therefor in cash in the amount required pursuant to such applicable Section, (ii) purchases such Group IV Vehicle as permitted by, and pursuant to the requirements of, this Lease and, prior to the end of the Repurchase Period therefor, deposits to the Group IV Collection Account the purchase price therefor in cash in the amount so required, (iii) in the case of any Group IV Vehicle that suffers a Group IV Casualty or ceases to be a Group IV Eligible Vehicle, deposits to the Group IV Collection Account the Group IV Casualty Payment therefor in cash pursuant to SECTION 7 or (iv) redesignates such Group IV Vehicle as a Non-Program Vehicle in accordance with SECTION 14); and, with respect to each Program Vehicle leased by the Group IV Lessee hereunder, comply in all material respects with all of its obligations under the Manufacturer Program relating to such Group IV Vehicle.
Manufacturer Programs. Turn in (or cause to be turned in) the Program Vehicles leased hereunder by such Lessee to the relevant Manufacturer within the Repurchase Period therefor (unless such Lessee purchases such Program Vehicle pursuant to the terms hereof or such Lessee sells such Program Vehicle prior to the end of the Repurchase Period therefor and receives sales proceeds thereof in cash in an amount equal to or greater than the repurchase price under such Manufacturer Program); and comply with all of its obligations under each Manufacturer Program, the Master Exchange Agreement and the Escrow Agreement.
Manufacturer Programs. On or prior to the applicable Vehicle Funding Date, the Trustee shall have received a copy of each Manufacturer Program under which such Vehicles will be or have been purchased and are proposed to be leased under this Lease and an Officer’s Certificate, dated the Initial Closing Date (or, if later, on or prior to such Vehicle Funding Date), and duly executed by an Authorized Officer of the Lessor, certifying that each such copy is true, correct and complete as of the Initial Closing Date (or, if later, on or prior to such Vehicle Funding Date). Each Manufacturer Program covering Program Vehicles identified in such Vehicle Order shall be in full force and effect, and shall be enforceable against the related Manufacturer in accordance with its terms.
Manufacturer Programs. Turn in each Program Vehicle leased by a Lessee hereunder to the relevant Manufacturer within the Repurchase Period therefor pursuant to Section 12.2 (unless the Lessee (i) sells such Vehicle pursuant to Section 27 or Section 8 of Annex A hereto and, prior to the end of the Repurchase Period therefor, causes to be deposited to the Master Collateral Account the sales proceeds therefor in cash in the amount required pursuant to such applicable Section, (ii) purchases such Vehicle as permitted by, and pursuant to the requirements of, this Lease and, prior to the end of the Repurchase Period therefor, deposits in the Group I Collection Account the purchase price therefor in cash in the amount so required, (iii) in the case of any Vehicle that suffers a Casualty or ceases to be an Eligible Vehicle, deposits in the Group I Collection Account the Casualty Payment therefor in cash pursuant to Section 7 or (iv) redesignates such Vehicle as a Non-Program Vehicle in accordance with Section 14); and, with respect to each Program Vehicle leased by the Lessee hereunder, comply in all material respects with all of its obligations under the Manufacturer Program relating to such Vehicle.
