Common use of Origination of Leases Clause in Contracts

Origination of Leases. Each Lease was originated by a Dealer in the ordinary course of its business and has been fully executed by the parties thereto and at the time of its origination, substantially complied with the Servicer’s Credit and Collection Policy.

Origination of Leases. Each Lease was originated by a Dealer in the ordinary course of its business and has been fully executed by the parties thereto to the Lease and at the time of its origination, substantially complied with the Servicer’s Credit and Collection Policy.