Common use of MOBILE LEASED PREMISES Clause in Contracts

MOBILE LEASED PREMISES. The Servicer as "Lessor," hereby leases to the Transferor and its general partner, World Omni Lease Securitization LLC, each as "Lessee," and Lessee hereby hires and takes as tenant, for a rental of $100 per year for Lessee, certain premises located at 0000 Xxxx Xxxx Xxxxx, Xxxxxx, Xxxxxxx of the minimum dimensions of five (5) feet by eleven (11) feet and surrounded on at least three (3) sides by walls or moveable partitions (the "Mobile Leased Premises"), to be used as the Alabama office of Lessee. The lease of the Mobile Leased Premises to the Lessee pursuant to this Section 9.14 shall continue throughout the term of this Supplement, except in the case of a change in the Servicer's principal Alabama offices, in which case the lease of functionally equivalent premises in the new location from time to time shall continue throughout such term.

MOBILE LEASED PREMISES. The Servicer as "Lessor," hereby leases to the Transferor and its general partner, World Omni Lease Securitization LLCSecuritization, Inc., each as "Lessee," and Lessee hereby hires and takes as tenant, for a rental of $100 per year for Lessee, certain premises located at 0000 6150 Xxxx Xxxx Xxxxx, Xxxxxx, Xxxxxxx of xx the minimum dimensions of five (5) feet by eleven (11) feet and surrounded on at least three (3) sides by walls or moveable partitions (the "Mobile Leased Premises"), to be used as the Alabama office of Lessee. The lease of the Mobile Leased Premises to the Lessee pursuant to this Section 9.14 shall continue throughout the term of this Supplement, except in the case of a change in the Servicer's principal Alabama offices, in which case the lease of functionally equivalent premises in the new location from time to time shall continue throughout such term.

MOBILE LEASED PREMISES. The Servicer as "Lessor," hereby leases to the Transferor Seller and its general partner, World Omni Lease Securitization LLCSecuritization, Inc., each as "Lessee," and Lessee hereby hires and takes as tenant, for a rental of $100 per year for Lessee, certain premises located at 0000 6150 Xxxx Xxxx Xxxxx, Xxxxxx, Xxxxxxx of xx the minimum dimensions of five (5) feet by eleven (11) feet and surrounded on at least three (3) sides by walls or moveable partitions (the "Mobile Leased Premises"), to be used as the Alabama office of Lessee. The lease of the Mobile Leased Premises to the Lessee pursuant to this Section 9.14 shall continue throughout the term of this Supplement, except in the case of a change in the Servicer's principal Alabama offices, in which case the lease of functionally equivalent premises in the new location from time to time shall continue throughout such term.