Common use of Reallocation on Payment in Full or Cancellation Clause in Contracts

Reallocation on Payment in Full or Cancellation. On repayment in full of the 20 - Exchange Note or cancellation of the 20 - Exchange Note at the direction of the Servicer under Section 6.1(b) of the Servicing Supplement, the 20 - Reference Pool will terminate and the Leases and Leased Vehicles allocated to the 20 - Reference Pool at that time will be reallocated to the Revolving Facility Pool.

Appears in 2 contracts

Samples: Credit and Security Agreement (CAB East LLC), Credit and Security Agreement (CAB East LLC)

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Reallocation on Payment in Full or Cancellation. On repayment payment in full of the 20 - 20__-__ Exchange Note or cancellation of the 20 - 20__-__ Exchange Note at the direction of the Servicer under Section 6.1(b) of the Servicing Supplement, the 20 - 20__-__ Reference Pool will terminate and the Leases and Leased Vehicles allocated to the 20 - 20__-__ Reference Pool at that time will be reallocated to the Revolving Facility Pool.

Appears in 1 contract

Samples: Credit and Security Agreement (CAB East LLC)

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Reallocation on Payment in Full or Cancellation. On repayment payment in full of the 20 - Exchange Note or cancellation of the 20 - Exchange Note at the direction of the Servicer under Section 6.1(b) of the Servicing Supplement, the 20 - Reference Pool will terminate and the Leases and Leased Vehicles allocated to the 20 - Reference Pool at that time will be reallocated to the Revolving Facility Pool.

Appears in 1 contract

Samples: Credit and Security Agreement (CAB West LLC)

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