Payment of Purchase Price by Lessor. Upon receipt of the Manufacturer’s invoice and certificate of origin in respect of any new Vehicle, or such other customary documentation in respect of any used Vehicle, the Lessor or its agent shall pay or cause to be paid to the auction, the dealer or the related Manufacturer, as applicable, the costs and expenses incurred in connection with the acquisition of such Vehicle under the applicable Vehicle Disposition Program (in the case of a Program Vehicle) or otherwise (in the case of a Non-Program Vehicle) as established by the invoice of the auction, the dealer or the Manufacturer, as the case may be (the “Initial Acquisition Cost”), for such Vehicle and the applicable Lessee shall pay all applicable costs and expenses of freight, packing, handling, storage, shipment and delivery of such Vehicle to the extent that the same have not been included within the Initial Acquisition Cost; provided that solely in the case of any Refinanced Vehicle and any Eligible Receivable, the Lessor shall pay to the Master Collateral Agent (x) the aggregate Net Book Value as of the Vehicle Lease Commencement Date of the Refinanced Vehicles, and (y) the face amount of the Eligible Receivables being refinanced on the Vehicle Lease Commencement Date.
Payment of Purchase Price by Lessor. Upon receipt of the Manufacturer's invoice and certificate of origin in respect of any Vehicle, the Lessor or its agent shall pay or cause to be paid to the dealer or the related Manufacturer, as applicable, the costs and expenses incurred in connection with the acquisition of such Vehicle under the applicable Vehicle Disposition Program (in the case of a Program Vehicle) or otherwise (in the case of a Non-Program Vehicle) as established by the invoice of the dealer or the Manufacturer, as the case may be (the "Initial Acquisition Cost"), for such Vehicle and the Lessee shall pay all applicable costs and expenses of freight, packing, handling, storage, shipment and delivery of such Vehicle to the extent that the same have not been included within the Initial Acquisition Cost; provided that solely in the case of the Existing Fleet, the Lessor shall pay to Chrysler Credit Corporation on the Lease Commencement Date an amount equal to the aggregate Net Book Value as of the Lease Commencement Date of the Existing Fleet.
Payment of Purchase Price by Lessor. Upon receipt of the ------------------------------------ Manufacturer's invoice and certificate of origin in respect of any Subsequently Acquired Vehicle, the Lessor or its agent shall pay or cause to be paid to the dealer or the related Manufacturer in accordance with such Manufacturer's payment terms, as applicable, the Capitalized Cost of such Vehicle as established by the invoice of the dealer or the Manufacturer.
Payment of Purchase Price by Lessor. Upon receipt of the manufacturer’s invoice and certificate of origin in respect of any new Truck, the Lessor or its agent shall pay or cause to be paid to the related manufacturer the costs and expenses incurred in connection with the acquisition of such Truck as established by the invoice of the manufacturer (the “Initial Acquisition Cost”), for such Truck and the Lessee shall pay all applicable costs and expenses of freight, packing, handling, storage, shipment and delivery of such Truck to the extent that the same have not been included within the Initial Acquisition Cost.
Payment of Purchase Price by Lessor. Upon receipt of the manufacturer’s invoice and certificate of origin in respect of any new Group I Truck, the Lessor or its agent shall pay or cause to be paid to the related manufacturer the costs and expenses incurred in connection with the acquisition of such Group I Truck as established by the invoice of the manufacturer (the “Initial Acquisition Cost”) for such Group I Truck, and the Lessee shall pay all applicable costs and expenses of freight, packing, handling, storage, shipment and delivery of such Group I Truck to the extent that the same have not been included within the Initial Acquisition Cost.
Payment of Purchase Price by Lessor. Upon receipt of the manufacturer’s invoice and certificate of origin in respect of any new Group I Truck (other than, for the avoidance of doubt, any Group I Truck that has been contributed to the Lessor by BRAC), the Lessor or its agent shall pay or cause to be paid to the related manufacturer the costs and expenses incurred in connection with the acquisition of such Group I Truck as established by the invoice of the manufacturer (the “Initial Acquisition Cost”) for such Group I Truck, and the Lessee shall pay all applicable costs and expenses of freight, packing, handling, storage, shipment and delivery of such Group I Truck to the extent that the same have not been included within the Initial Acquisition Cost.
