Common use of Maximum Vehicle Lease Term Clause in Contracts

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 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.Group

Maximum Vehicle Lease Term. The maximum Group IV Vehicle lease term of the Operating Synthetic Lease as it relates to each Group IV Acquired Synthetic Lease Vehicle leased hereunder shall be from the Vehicle Lease Commencement Date to the date that is thirtytwenty-six four (3624) months from the Vehicle Lease Commencement Date (PROVIDEDprovided, HOWEVERhowever, the maximum Group IV Vehicle lease term of the Operating Synthetic Lease as it relates to any Group IV Acquired Synthetic Lease Vehicle titled in the State 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; PROVIDEDprovided, FURTHERfurther, that if on such three hundred sixty-fourth (364th) day, the Group IV Vehicle lease term for any Group IV Acquired Synthetic Lease Vehicle titled in the State of Illinois has not theretofore been terminated, and the Group IV Vehicle lease term for such Group IV Acquired Synthetic Lease 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 Synthetic Lease Vehicle shall be deemed to have been terminated and renewed for an additional Group IV Vehicle lease term of up to three hundred sixty-sixty four (364) days). On the occurrence of such date for a Group IV Synthetic Lease Vehicle not previously disposed ofof or purchased by the applicable Lessee in accordance with the terms hereof, 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 Synthetic 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 Synthetic Lease, any other amounts unpaid and owing from the Group IV such Lessee under the Group IV Lease in respect of such Group IV Vehicle.