Common use of Triple Net Leases Clause in Contracts

Triple Net Leases. Each Lease (including all other agreements related thereto) is a triple net lease that requires the related Lessee (or another Person other than the Seller) to pay all costs relating to taxes, insurance and maintenance with respect to the related Leased Vehicle.

Appears in 10 contracts

Samples: Sale and Contribution Agreement (Ally Auto Assets LLC), Sale and Contribution Agreement (Ally Auto Assets LLC), Sale and Contribution Agreement (Ally Auto Assets LLC)

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Triple Net Leases. Each Series 200_-__ Lease (including all other agreements related thereto) is a triple net lease that requires the related Lessee (or another Person other than the Seller) to pay all costs relating to taxes, insurance and maintenance with respect to the related Leased Vehicle.

Appears in 1 contract

Samples: Sale and Contribution Agreement (Central Originating Lease Trust)

Triple Net Leases. Each Series 20__-SN_ Lease (including all other agreements related thereto) is a triple net lease that requires the related Lessee (or another Person other than the Seller) to pay all costs relating to taxes, insurance and maintenance with respect to the related Leased Vehicle.

Appears in 1 contract

Samples: Sale and Contribution Agreement (Central Originating Lease Trust)

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Triple Net Leases. Each Lease (including all other agreements related thereto) is a triple net lease that requires the related Lessee (or another Person other than the Seller) Ally Bank or ABLT to pay all costs relating to taxes, insurance and maintenance with respect to the related Leased Vehicle.

Appears in 1 contract

Samples: Allocation Agreement (Ally Auto Assets LLC)

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