Common use of Right of Lessees and Guarantor to Act as Lessor's Agent Clause in Contracts

Right of Lessees and Guarantor to Act as Lessor's Agent. The Lessor agrees that each Lessee and the Guarantor may act as the Lessor's agent in placing Vehicle Orders on behalf of the Lessor, as well as filing claims on behalf of the Lessor for damage in transit, and other Manufacturer delivery claims related to the Vehicles; provided, however, that the Lessor may hold a Lessee or the Guarantor liable for losses due to such Lessee's or the Guarantor's actions, or failure to act, in performing as the Lessor's agent in accordance with the terms hereof. In addition, the Lessor agrees that each Lessee may make arrangements for delivery of Vehicles leased by such Lessee to a location selected by such Lessee at its expense. Each Lessee agrees to accept Vehicles leased by such Lessee as produced and delivered except each Lessee will have the option to reject any such Vehicle that may be rejected pursuant to the terms of the applicable Manufacturer Program. Each Lessee, acting as agent for the Lessor, shall be responsible for pursuing any rights of the Lessor with respect to the return of any Vehicle leased by such Lessee to the Manufacturer pursuant to the preceding sentence. Each of the Lessees and the Guarantor agree that all Vehicles ordered as provided herein shall be ordered utilizing the procedures consistent with an Eligible Manufacturer Program.

Right of Lessees and Guarantor to Act as Lessor's Agent. The Lessor agrees that each Lessee and the Guarantor may act as the Lessor's agent in placing Vehicle Orders on behalf of the Lessor, as well as filing claims on behalf of the Lessor for damage in transit, and other Manufacturer delivery claims related to the Vehicles; provided, however, that the Lessor may hold a Lessee or the Guarantor liable for losses due to such Lessee's or the Guarantor's actions, or failure to act, in performing as the Lessor's agent in accordance with the terms hereof. In addition, the Lessor agrees that each Lessee may make arrangements for delivery of Vehicles leased by such Lessee to a location selected by such Lessee at its expense. Each Lessee agrees to accept Vehicles leased by such Lessee as produced and delivered except each Lessee will have the option to reject any such Vehicle that may be rejected pursuant to the terms of the applicable Manufacturer Program (with respect to Program Vehicles and Non-Program Vehicles subject to a Manufacturer Program), or in accordance with its customary business practices with respect to other Non-Program Vehicles. Each Lessee, acting as agent for the Lessor, shall be responsible for pursuing any rights of the Lessor with respect to the return of any Vehicle leased by such Lessee to the Manufacturer pursuant to the preceding sentence. Each of the Lessees and the Guarantor agree that all Program Vehicles ordered as provided herein shall be ordered utilizing the procedures consistent with an Eligible Manufacturer Program.

Right of Lessees and Guarantor to Act as Lessor's Agent. The Lessor agrees that each Lessee and the Guarantor may act as the Lessor's agent in placing Vehicle Orders on behalf of the Lessor, as well as filing claims on behalf of the Lessor for damage in transit, and other Manufacturer delivery claims related to the Vehicles; provided, however, that the Lessor may hold a Lessee or the Guarantor liable for losses due to such Lessee's or the Guarantor's actions, or failure to act, in performing as the Lessor's agent in accordance with the terms hereof. In addition, the Lessor agrees that each Lessee may make arrangements for delivery of Vehicles leased by such Lessee to a location selected by such Lessee at its expense. Each Lessee agrees to accept Vehicles leased by such Lessee as produced and delivered except that each Lessee will have the option to reject any such Vehicle that may be rejected pursuant to the terms of the applicable Manufacturer Program (with respect to Program Vehicles and Non-Program Vehicles subject to a Manufacturer Program), or in accordance with its customary business practices with respect to other Non-Program Vehicles. Each Lessee, acting as agent for the Lessor, shall be responsible for pursuing any rights of the Lessor with respect to the return of any Vehicle leased by such Lessee to the Manufacturer pursuant to the preceding sentence. Each of the Lessees and the Guarantor agree that all Program Vehicles ordered as provided herein shall be ordered utilizing the procedures consistent with an Eligible Manufacturer Program. Without limiting the foregoing, each Lessee agrees to give immediate notice to the Lessor, in such form and to such address as the Lessor may from time to time specify, of each acceptance and of any rejection of any Program Vehicle identified by the Lessor as an Identified Replacement Vehicle.