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 with respect to any Lease (i) the final Lease Payment due and payable under such Lease, (ii) a Termination Payment in respect of such Lease, (iii) a Lease Purchase Amount in respect of such Lease, (iv) a Casualty Payment under such Lease (and, following such final Lease Payment, Casualty Payment, Lease Purchase Amount or Termination Payment, no further payments (other than Other Lease 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 any such Lease that is a Non-Performing Lease, such Lease shall be released from the lien of this Indenture and returned to the Issuer.

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 with respect to any Lease (i) the final Lease Payment [(including Renewal Payments)] due and payable under such Lease, (ii) a Termination Payment in respect of such Lease, (iii) a Lease Purchase Amount in respect of such Lease, (iv) a Casualty Payment under such Lease (and, following such final Lease Payment, Casualty Payment, Lease Purchase Amount or Termination Payment, no further payments (other than Other Lease 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 any such Lease that is a Non-Performing Lease, such Lease shall be released from the lien of this Indenture and returned to the Issuer.

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 with respect to any Lease (i) the final Lease Payment (including Renewal Payments) due and payable under such Lease, (ii) a Termination Payment in respect of such Lease, (iii) a Lease Purchase Amount in respect of such Lease, (iv) a Casualty Payment under such Lease (and, following such final Lease Payment, Casualty Payment, Lease Purchase Amount or Termination Payment, no further payments (other than Other Lease 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 any such Lease that is a Non-Performing Lease, such Lease shall be released from the lien of this Indenture and returned to the Issuer.

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 with respect from amounts paid by the Lessee, the Lease Repurchase Amount, or from the proceeds of the Equipment subject to any Lease (i) the final Lease Payment due and payable under such Lease, (ii) a Termination Payment in respect of such Lease, (iii) a Lease Purchase Repurchase Amount in respect of such Lease, (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 (other than Other Lease 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 any such Lease that is a Non-Performing Defaulted Lease, such Lease shall be released from the lien of this Indenture and returned to the IssuerIndenture.

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 confirmationwriting) from the Servicer that the Trustee has received with respect to any Lease (i) the final Lease Payment due and payable under such Lease, (ii) a Termination Payment in respect of such Lease, (iii) a Lease Purchase Amount in respect of such Lease, (iv) a Casualty Payment under such Lease (and, following such final Lease Payment, Casualty Payment, Lease Purchase Amount or Termination Payment, no further payments (other than Other Lease 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 any such Lease that is a Non-Performing Lease, such Lease shall be released from the lien of this Indenture and returned to the Issuer.

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 with respect to any Lease (i) the final Lease Payment (including Renewal Payments) due and payable under such Lease, (ii) a Termination Payment in respect of such Lease, (iii) a Lease Purchase Amount in respect of such Lease, (iv) a Casualty Payment under such Lease (and, following such final Lease Payment, Casualty Payment, Lease Purchase Amount or Termination Payment, no further payments (other than Other Lease 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 any such Lease that is a Non-Performing Lease or (v) one or more Substitute Leases in substitution for such Lease, such Lease shall be released from the lien of this Indenture and returned to the Issuer.

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 with respect to any Lease (i) the final Lease Payment (including Renewal 50 Payments) due and payable under such Lease, (ii) a Termination Payment in respect of such Lease, (iii) a Lease Purchase Amount in respect of such Lease, (iv) a Casualty Payment under such Lease (and, following such final Lease Payment, Casualty Payment, Lease Purchase Amount or Termination Payment, no further payments (other than Other Lease Payments) on or in respect of such Lease are or will be due and payable), or (ivv) the full amount of any recoveries with respect to any such Lease that is a Non-Performing Lease or (vi) one or more Substitute Leases in substitution for such Lease, such Lease shall be released from the lien of this Indenture and returned to the Issuer.