Common use of REPOSSESSION AND SALE OF LEASED VEHICLES Clause in Contracts

REPOSSESSION AND SALE OF LEASED VEHICLES. Notwithstanding Section 2.06 of the Servicing Agreement, the Servicer need not deduct from Repossessed Vehicle Proceeds, Matured Leased Vehicle Proceeds or other Liquidation Proceeds or Insurance Proceeds with respect to any particular 1997-B Leased Vehicle all related unreimbursed Repossessed Vehicle Expenses, Matured Leased Vehicle Expenses or other Liquidation Expenses or Insurance Expenses prior to transferring such funds out of its operating account. Such expenses may instead be reimbursed as provided in Section 9.02(g).

Appears in 1 contract

Samples: Servicing Agreement (World Omni Lease Securitization L P /De/)

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REPOSSESSION AND SALE OF LEASED VEHICLES. Notwithstanding Section 2.06 of the Servicing Agreement, the Servicer need not deduct from Repossessed Vehicle Proceeds, Matured Leased Vehicle Proceeds or other Liquidation Proceeds or Insurance Proceeds with respect to any particular 19971996-B Leased Vehicle all related unreimbursed Repossessed Vehicle Expenses, Matured Leased Vehicle Expenses or other Liquidation Expenses or Insurance Expenses prior to transferring such funds out of its operating account. Such expenses may instead be reimbursed as provided in Section 9.02(g).

Appears in 1 contract

Samples: Servicing Agreement (World Omni 1996-B Automobile Lease Securitization Trust)

REPOSSESSION AND SALE OF LEASED VEHICLES. Notwithstanding Section 2.06 of the Servicing Agreement, the Servicer need may, but is not required to, deduct from Repossessed Vehicle Repossession Proceeds, Matured Leased Vehicle Proceeds or Proceeds, other Liquidation Proceeds or Insurance Proceeds with respect to any particular 19971999-B A Leased Vehicle all related unreimbursed Repossessed Vehicle Repossession Expenses, Matured Leased Vehicle Expenses or Expenses, other Liquidation Expenses or Insurance Expenses prior to transferring such funds out of its operating account. Such expenses may instead be reimbursed as provided in Section 9.02(g9.02(i).

Appears in 1 contract

Samples: Servicing Agreement (Honda Auto Lease Trust 1999a)

REPOSSESSION AND SALE OF LEASED VEHICLES. Notwithstanding Section 2.06 of the Servicing Agreement, the Servicer need not deduct from Repossessed Vehicle Proceeds, Matured Leased Vehicle Proceeds or other Liquidation Proceeds or Insurance Proceeds with respect to any particular 19971998-B A Leased Vehicle all related unreimbursed Repossessed Vehicle Expenses, Matured Leased Vehicle Expenses or other Liquidation Expenses or Insurance Expenses prior to transferring such funds out of its operating account. Such expenses may instead be reimbursed as provided in Section 9.02(g).

Appears in 1 contract

Samples: Servicing Agreement (World Omni 1998-a Automobile Lease Securitization Trust)

REPOSSESSION AND SALE OF LEASED VEHICLES. Notwithstanding Section 2.06 of the Servicing Agreement, the Servicer need not deduct from Repossessed Vehicle Proceeds, Matured Leased Vehicle Proceeds or other Liquidation Proceeds or Insurance Proceeds with respect to any particular 1997-B A Leased Vehicle all related unreimbursed Repossessed Vehicle Expenses, Matured Leased Vehicle Expenses or other Liquidation Expenses or Insurance Expenses prior to transferring such funds out of its operating account. Such expenses may instead be reimbursed as provided in Section 9.02(g).

Appears in 1 contract

Samples: Servicing Agreement (Auto Lease Finance L P)

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REPOSSESSION AND SALE OF LEASED VEHICLES. Notwithstanding Section 2.06 of the Servicing Agreement, the Servicer need is not required to deduct from Repossessed Vehicle Repossession Proceeds, Matured Leased Vehicle Proceeds or Proceeds, other Liquidation Proceeds or Insurance Proceeds with respect to any particular 19971999-B A Leased Vehicle all related unreimbursed Repossessed Vehicle Repossession Expenses, Matured Leased Vehicle Expenses or Expenses, other Liquidation Expenses or Insurance Expenses prior to transferring such funds out of its operating account. Such expenses may instead be reimbursed as provided in Section 9.02(g9.02(i).

Appears in 1 contract

Samples: Servicing Agreement (Honda Titling D Lp)

REPOSSESSION AND SALE OF LEASED VEHICLES. Notwithstanding Section 2.06 of the Servicing Agreement, the Servicer need not deduct from Repossessed Vehicle Proceeds, Matured Leased Vehicle Proceeds or other Liquidation Proceeds or Insurance Proceeds with respect to any particular 19971999-B A Leased Vehicle all related unreimbursed Repossessed Vehicle Expenses, Matured Leased Vehicle Expenses or other Liquidation Expenses or Insurance Expenses prior to transferring such funds out of its operating account. Such expenses may instead be reimbursed as provided in Section 9.02(g).

Appears in 1 contract

Samples: Servicing Agreement (World Omni 1999-a Automobile Lease Securitization Trust)

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