Maximum Vehicle Lease Term. The maximum lease term of this Financing Lease as it relates to each Financed Vehicle leased hereunder shall be from the Vehicle Lease Commencement Date to the date that is 60 months from the Vehicle Lease Commencement Date (such lease term with respect to a Financed Vehicle, the “Maximum Vehicle Lease Term”). On the occurrence of such latter date, the applicable Lessee shall pay to the Master Collateral Agent or the Trustee, in accordance with this Financing Lease, any amounts unpaid and owing under the Lease in respect of such Vehicle.
Maximum Vehicle Lease Term. The maximum Vehicle lease term of the Operating Lease as it relates to each Acquired Vehicle leased hereunder shall be from the Vehicle Lease Commencement Date to the date that is 24 months from the date of the original new vehicle dealer invoice for such Acquired Vehicle. On the occurrence of such date for a Vehicle not previously disposed of, the applicable Lessee shall, (a) on behalf of the Lessor, promptly dispose of such Vehicle in accordance with the terms hereof and in accordance with any instructions of the Lessor for such disposition, (b) in each case, provide that Disposition Proceeds be paid directly to the Master Collateral Account for the benefit of the Trustee and (c) pay to the Master Collateral Agent or the Trustee, in accordance with this Operating Lease, any other amounts unpaid and owing from such Lessee under the Lease in respect of such Vehicle.
Maximum Vehicle Lease Term. The maximum lease term of the Operating Lease as it relates to each Acquired Vehicle leased hereunder shall be from the Vehicle Lease Commencement Date to the date that is 36 months from the date of the original new vehicle dealer invoice for such Acquired Vehicle (such lease term with respect to an Acquired Vehicle, the “Maximum Vehicle Lease Term”). On the occurrence of such date for a Vehicle not previously disposed of, the applicable Lessee shall comply with the applicable provisions of the Base Lease with respect to such Vehicle.
Maximum Vehicle Lease Term. The maximum Group IV Vehicle lease term of the Operating Lease as it relates to each Group IV Acquired Vehicle leased hereunder shall be from the Vehicle Lease Commencement Date to the date that is thirty-six (36) months from the Vehicle Lease Commencement Date (PROVIDED, HOWEVER, the maximum Group IV Vehicle lease term of the Operating Lease as it relates to any Group IV Acquired Vehicle titled in the State of Illinois shall be from the Vehicle Lease Commencement Date to the date that is three hundred and sixty-four (364) days from the Vehicle Lease Commencement Date; PROVIDED, FURTHER, that if on such three hundred sixty-fourth (364th) day, the Group IV Vehicle lease term for any Group IV Acquired Vehicle titled in the State of Illinois has not theretofore been terminated, and the Group IV Vehicle lease term for such Group IV Acquired Vehicle has not previously been terminated and renewed pursuant to this Paragraph 5, the Group IV Vehicle lease term as it relates to such Group IV Acquired Vehicle shall be deemed to have been terminated and renewed for an additional Group IV Vehicle lease term of up to three hundred sixty-four (364) days. On the occurrence of such date for a Group IV Vehicle not previously disposed of, the Group IV Lessee of such Group IV Vehicle shall, (a) on behalf of the Group IV Lessor, promptly purchase or dispose of such Group IV Vehicle in accordance with the terms of this Operating Lease and in accordance with any instructions of the Group IV Lessor for such disposition, which instructions shall not be inconsistent with the terms of this Operating Lease, (b) in each case, provide that Disposition Proceeds be paid directly to the Master Collateral Account for the benefit of the Trustee and (c) pay to the Master Collateral Agent or the Trustee, in accordance with this Operating Lease, any other amounts unpaid and owing from the Group IV Lessee under the Group IV Lease in respect of such Group IV Vehicle.
Maximum Vehicle Lease Term. The maximum Group IV Vehicle lease term of the Group IV Financing Lease as it relates to each Group IV Financed Vehicle leased hereunder shall be from the Vehicle Lease Commencement Date to the date that is sixty (60) months from the Vehicle Lease Commencement Date. On the occurrence of such date, the Group IV Lessee thereof shall pay to the Master Collateral Agent or the Trustee, in accordance with this Group IV Financing Lease, any amounts unpaid and owing under the Group IV Financing Lease in respect of such Group IV Vehicle.
Maximum Vehicle Lease Term. The maximum lease term of the Operating Lease as it relates to each Acquired Vehicle leased hereunder shall be from the Vehicle Lease Commencement Date to the date that is 36 months from the date of the original new vehicle dealer invoice for such Acquired Vehicle (such lease term with respect to an Acquired Vehicle, the “Maximum Vehicle Lease Term”). On the occurrence of such date for a Vehicle not previously disposed of, the applicable Lessee shall, (a) on behalf of the Lessor, promptly dispose of such Vehicle in accordance with the terms hereof and in accordance with any instructions of the Lessor for such disposition, (b) in each case, provide that Disposition Proceeds be paid directly to the Master Collateral Account for the benefit of the Trustee and (c) pay to the Master Collateral Agent or the Trustee, in accordance with this Operating Lease, any other amounts unpaid and owing from such Lessee under the Lease in respect of such Vehicle.
Maximum Vehicle Lease Term. The maximum Vehicle lease term of the Operating Lease as it relates to each Lessor-Owned Vehicle leased hereunder shall be from the Vehicle Lease Commencement Date to the date that is 24 months from the Vehicle Lease Commencement Date; provided that notwithstanding the period stated above, the maximum Vehicle lease term for any Vehicle or type of Vehicle may be such longer period with respect to which Rating Agency Confirmation has been obtained. On the occurrence of such date for a Group III Vehicle not previously disposed of, the applicable Lessee shall, (a) on behalf of the Lessor, promptly dispose of such Group III Vehicle in accordance with the terms hereof and in accordance with any instructions of the Lessor for such disposition, (b) in each case, provide that Disposition Proceeds be paid directly to the Collection Account for the benefit of the Group III Noteholders and (c) pay to the Trustee, in accordance with this Operating Lease, any other amounts unpaid and owing from such Lessee under the Lease in respect of such Vehicle.
Maximum Vehicle Lease Term. The maximum Vehicle lease term of the Operating Lease as it relates to each Acquired Vehicle leased hereunder shall be from the Vehicle Lease Commencement Date to the date that is thirty-six (36) months from the Vehicle Lease Commencement Date (provided, however, the maximum Vehicle lease term of the Operating Lease as it relates to any Acquired Vehicle titled in the State of Illinois shall be from the Vehicle Lease Commencement Date to the date that is three hundred and sixty-four (364) days from the Vehicle Lease Commencement Date; provided, further, that if on such three hundred sixty-fourth (364th) day, the Vehicle lease term for any Acquired Vehicle titled in the State of Illinois has not theretofore been terminated, and the Vehicle lease term for such Acquired Vehicle has not previously been terminated and renewed pursuant to this Paragraph 5, the Vehicle lease term as it relates to such Acquired Vehicle shall be deemed to have been terminated and renewed for an additional Vehicle lease term of up to three hundred sixty-four (364) days). On the occurrence of such date for a Vehicle not previously disposed of, the Lessee of such Vehicle shall, (a) on behalf of the Lessor, promptly purchase or dispose of such Vehicle in accordance with the terms of this Operating Lease and in accordance with any instructions of the Lessor for such disposition,
Maximum Vehicle Lease Term. The maximum Vehicle lease term of the -------------------------- Operating Lease as it relates to each Vehicle leased hereunder (the "Maximum ------- Vehicle Lease Term") shall be from the Vehicle Lease Commencement Date to the ------------------ date that is two-thirds of the remaining economic life of such Vehicle as calculated from the Vehicle Lease Commencement Date and as set forth on the Vehicle Acquisition Schedule. On the occurrence of such date for a Vehicle not previously disposed of, the Lessee shall, (a) on behalf of the Lessor, promptly dispose of such Vehicle in accordance with the terms hereof and in accordance with any instructions of the Lessor for such disposition, (b) in each case, provide that Disposition Proceeds be paid directly to the Lessor and (c) pay to the Lessor, in accordance with this Operating Lease, any other amounts unpaid and owing from the Lessee under the Lease in respect of such Vehicle.
Maximum Vehicle Lease Term. The maximum Vehicle lease term of the Financing Lease as it relates to each Financed Vehicle leased hereunder shall be from the Vehicle Lease Commencement Date to the date that is sixty (60) months from the Vehicle Lease Commencement Date. On the occurrence of such date, the Lessee shall pay to the Master Collateral Agent or the Trustee, in accordance with this Financing Lease, any amounts unpaid and owing under the Series 1997 Lease in respect of such Vehicle. 6. Calculation of Rent and Monthly Supplemental Payment. Rent and the Monthly Supplemental Payment shall be due and payable on a monthly basis as set forth in this Section 6:
