Common use of Release of Leases Upon Final Lease Payment Clause in Contracts

Release of Leases Upon Final Lease Payment. In the event that the Trustee shall have received notice (either in writing or orally with prompt written or telecopied confirmation) from the Servicer that the Trustee has received from amounts paid by the Lessee, the Lease Purchase Amount, or from the proceeds of the Equipment subject to any Lease (i) the final Lease Payment due and payable under such Lease and the deposit of any Residual Realization in respect thereof, (ii) a Termination Payment in respect of such Lease, and the deposit of any Residual Realization in respect thereof, (iii) a Lease Purchase Amount in respect of such Lease, and the deposit of any Residual Realization in respect thereof, (iv) a Casualty Payment under such Lease (and, following such final Lease Payment, Casualty Payment, Lease Purchase Amount or Termination Payment, no further payments on or in respect of such Lease are or will be due and payable), or (iv) the full amount of any recoveries with respect to such Non-Performing Lease, such Lease shall be released from the lien of this Indenture.

Release of Leases Upon Final Lease Payment. In Subject to the event that satisfaction of the provisions of Section 4.4, if Indenture Trustee shall have received notice (either in writing or orally with prompt written or telecopied confirmation) from the Servicer that the Indenture Trustee has received from amounts paid by the Lessee, from the Lease Purchase Amount, Repurchase Amount or from the proceeds of the Equipment subject to any Lease (i) the final Lease Payment due and payable under such Lease and the deposit of any Residual Realization in respect thereof, (ii) a Termination Payment in respect of such Lease, and the deposit of any Residual Realization in respect thereof, (iii) a Lease Purchase Amount in respect of such Lease, and the deposit of any Residual Realization in respect thereof, (iv) a Casualty Payment under such Lease (and, following such final Lease Payment, Casualty Payment, Lease Purchase Amount Payment or Termination Payment, no further payments on or in respect of such Lease are or will be due and payable), or (iv) the full amount of any recoveries Non-Performing Lease Pay-Through Amount with respect to such Non-Performing Lease, such Lease shall be released from the lien of this Indenture.

Release of Leases Upon Final Lease Payment. In the event that the Trustee shall have received notice (either in writing or orally with prompt written or telecopied confirmation) from the Servicer that the Trustee has received from amounts paid by the Lessee, from the Lease Purchase Amount, Repurchase Amount or from the proceeds of the Equipment subject to any Lease (i) the final Lease Payment due and payable under such Lease and the deposit of any Residual Realization in respect thereof, (ii) a Termination Payment in respect of such Lease, Lease and the deposit of any Residual Realization in respect thereof, (iii) a Lease Purchase Amount in respect of such Lease, and the deposit of any Residual Realization in respect thereof, (iv) a Casualty Payment under such Lease (and, following such final Lease Payment, Casualty Payment, Lease Purchase Amount Payment or Termination Payment, no further payments on or in respect of such Lease are or will be due and payable), or (iv) the full amount of any recoveries Non-Performing Lease Pay-Through Amount with respect to such Non-Performing Lease, such Lease shall be released from the lien of this Indenture.

Release of Leases Upon Final Lease Payment. In the event that the Trustee shall have received notice (either in writing or orally with prompt written or telecopied confirmation) from the Servicer that the Trustee has received from amounts paid by the Lessee, from the Lease Purchase Repurchase Amount, or from the proceeds of the Equipment subject to any Lease (i) the final Lease Payment due and payable under such Lease and the deposit of any Residual Realization in respect thereofLease, (ii) a Termination Payment in respect of such Lease, and the deposit of any Residual Realization in respect thereof, (iii) a Lease Purchase Repurchase Amount in respect of such Lease, and the deposit of any Residual Realization in respect thereof, (iv) a Casualty Payment under such Lease (and, following such final Lease Payment, Casualty Payment, Lease Purchase Repurchase Amount or Termination Payment, no further payments on or in respect of such Lease are or will be due and payable), or (iv) the full amount of any recoveries with respect to such Non-Performing Defaulted Lease, such Lease shall be released from the lien of this Indenture.

Release of Leases Upon Final Lease Payment. In the event that the Trustee shall have received notice (either in writing or orally with prompt written or telecopied confirmation) from the Servicer that the Trustee has received from amounts paid by the Lessee, from the Lease Purchase Amount, Repurchase Amount from the Warranty Repurchase Amount or from the proceeds of the Equipment subject to any Lease (i) the final Lease Payment due and payable under such Lease and the deposit of any Residual Realization in respect thereof, (ii) a Termination Payment in respect of such Lease, and the deposit of any Residual Realization in respect thereof, (iii) a Lease Purchase Amount Warranty Payment in respect of such Lease, and the deposit of any Residual Realization in respect thereof, (iv) a Casualty Payment under such Lease (and, following such final Lease Payment, Casualty Payment, Lease Purchase Amount Payment or Termination Payment, no further payments on or in respect of such Lease are or will be due and payable), or (iv) the full amount of any recoveries with respect to such Non-Performing Lease, such Lease shall be released from the lien of this Indenture.

Release of Leases Upon Final Lease Payment. In the event that the Trustee shall have received notice (either in writing or orally with prompt written or telecopied confirmation) from the Servicer that the Trustee has received from amounts paid by the Lessee, the Lease Purchase Repurchase Amount, or from the proceeds of the Equipment subject to any Lease (i) the final Lease Payment due and payable under such Lease and the deposit of any Residual Realization in respect thereof, (ii) a Termination Payment in respect of such Lease, and the deposit of any Residual Realization in respect thereof, (iii) a Lease Purchase Repurchase Amount in respect of such Lease, and the deposit of any Residual Realization in respect thereof, (iv) a Casualty Payment under such Lease (and, following such final Lease Payment, Casualty Payment, Lease Purchase Repurchase Amount or Termination Payment, no further payments on or in respect of such Lease are or will be due and payable), or (iv) the full amount of any recoveries with respect to such Non-Performing Lease, such Lease shall be released from the lien of this Indenture.

Release of Leases Upon Final Lease Payment. In the event that the Trustee shall have received notice (either in writing or orally with prompt written or telecopied confirmation) from the Servicer that the Trustee has received from amounts paid by the Lessee, from the Lease Purchase Amount, Repurchase Amount or from the proceeds of the Equipment subject to any Lease (i) the final Lease Payment due and payable under such Lease and the deposit of any Residual Realization in respect thereof, (ii) a Termination Payment in respect of such Lease, and the deposit of any Residual Realization in respect thereof, thereof (iii) a Lease Purchase Amount in respect of such Lease, and the deposit of any Residual Realization in respect thereof, (iv) a Casualty Payment under such Lease (and, following such final Lease Payment, Casualty Payment, Lease Purchase Amount Payment or Termination Payment, no further payments on or in respect of such Lease are or will be due and payable), or (iv) the full amount of any recoveries Non-Performing Lease Pay-Through Amount with respect to such Non-Performing Lease, such Lease shall be released from the lien of this Indenture.