Pull-Ahead and Other Early Termination Marketing Programs Sample Clauses

Pull-Ahead and Other Early Termination Marketing Programs. The Servicer may, in its discretion, with respect to any Included Unit, permit the Lessee under the related Lease to terminate such Lease prior to its scheduled termination date as part of a “pull-ahead” or other marketing program; provided, however, that such early termination shall not be permitted unless all Pull-Ahead Amounts due and payable by the Lessee under such Lease on or before the date of such Lessee’s election to terminate the Lease have been paid by or on behalf of such Lessee and are deposited in the Collection Account within the time period thereafter stated in Section 7.3 of this Transaction SUBI Servicing Supplement. Following such early termination, the Servicer shall charge the related Lessee any applicable Excess Wear and Tear Charges and Excess Mileage Charges in accordance with Customary Servicing Practices with respect to Leases that are terminated early by the related Lessee in the absence of a “pull-ahead” or other marketing program.
Sample 1Sample 2Sample 3See All (35)
AutoNDA by SimpleDocs
Pull-Ahead and Other Early Termination Marketing Programs. The Servicer may, in its discretion, with respect to any 2016-2 Lease, permit the Lessee under the related 2016-2 Lease to terminate such 2016-2 Lease prior to its scheduled termination date as part of a “pull-ahead” or other marketing program; provided, however, that such early termination shall not be permitted unless all Pull-Ahead Amounts due and payable by the Lessee under such 2016-2 Lease on or before the date of such Lessee’s election to terminate the 2016-2 Lease have been paid by or on behalf of such Lessee and are deposited in the 2016-2 SUBI Collection Account within the time period thereafter stated in Section 2.4 of this Servicing Supplement. Following such early termination, the Servicer shall charge the related Lessee any applicable Excess Wear and Use Payments and Excess Mileage Payments in accordance with customary servicing practices with respect to 2016-2 Leases that are terminated early by the related Lessee in the absence of a “pull-ahead” or other marketing program.
Sample 1Sample 2See All (34)
Pull-Ahead and Other Early Termination Marketing Programs. The Servicer may, in its discretion, with respect to any 20[__]-[__] Lease, permit the Lessee under the related 20[__]-[__] Lease to terminate such 20[__]-[__] Lease prior to its scheduled termination date as part of a “pull-ahead” or other marketing program; provided, however, that such early termination shall not be permitted unless all Pull-Ahead Amounts due and payable by the Lessee under such 20[__]-[__] Lease on or before the date of such Lessee’s election to terminate the 20[__]-[__] Lease have been paid by or on behalf of such Lessee and are deposited in the 20[__]-[__] SUBI Collection Account within the time period thereafter stated in Section 2.4 of this Servicing Supplement. Following such early termination, the Servicer shall charge the related Lessee any applicable Excess Wear and Use Payments and Excess Mileage Payments in accordance with customary servicing practices with respect to Leases that are terminated early by the related Lessee in the absence of a “pull-ahead” or other marketing program.
Sample 1Sample 2Sample 3See All (6)
Pull-Ahead and Other Early Termination Marketing Programs. The Servicer may, in its discretion and with respect to any 2024-2 Lease, permit the related Lessee to terminate such 2024-2 Lease prior to its scheduled termination date as part of a “pull-ahead” or other marketing program; provided, that the Servicer shall cause the related Pull-Ahead Amount to be deposited in the 2024-2 SUBI Collection Account in accordance with the applicable terms of Section 2.4 of this Servicing Supplement.
Sample 1Sample 2

Related to Pull-Ahead and Other Early Termination Marketing Programs

  • Commitment Terminations The Term A-2 Loan Commitments and Additional Term A-2 Commitments shall automatically terminate upon the making, conversion or continuance, as applicable, of the Term A-2 Loans and Additional Term A-2 Loans on the Amendment and Restatement Effective Date. The Borrowers shall have the right at any time and from time to time, upon three (3) Business Days’ prior written notice to the Administrative Agent (which notice may conditioned upon the effectiveness of other credit facilities, indentures or similar agreements or other transactions, in which case such notice may be revoked by the Borrowers (by notice to the Administrative Agent on or prior to the specified effective date) if such condition is not satisfied), to terminate the Revolving Credit Commitments in whole or in part, any partial termination to be (i) in an amount not less than $1.0 million or any greater amount that is an integral multiple of $0.1 million and (ii) allocated ratably among the Lenders in proportion to their respective Revolver Percentages; provided that the Revolving Credit Commitments may not be reduced to an amount less than the sum of the aggregate principal amount of Revolving Loans and of L/C Obligations then outstanding; provided further that all Revolving Credit Commitments shall terminate automatically on the Revolving Credit Termination Date. Any termination of the Revolving Credit Commitments below the L/C Sublimit then in effect shall reduce the L/C Sublimit by a like amount. The Administrative Agent shall give prompt notice to each Lender of any such termination (in whole or in part) of the Revolving Credit Commitments. Any termination of the Revolving Credit Commitments pursuant to this Section 2.10 may not be reinstated.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!