Common use of Vehicle Lease Commencement Date Clause in Contracts

Vehicle Lease Commencement Date. The “Vehicle Lease Commencement Date” shall mean, for each Vehicle, the earlier of (a) the date referenced in the Vehicle Acquisition Schedule or Refinancing Schedule with respect to such Vehicle, and (b) other than in the case of Acquired Vehicles refinanced pursuant to Section 2.3 of the Master Collateral Agency Agreement, the date that funds are expended by the Lessor to acquire or finance the acquisition of such Vehicle (with respect to such Vehicle, the “Vehicle Funding Date”). A vehicle shall be deemed hereunder to be a Vehicle leased under this Lease on each day during the period (the “Vehicle Term”) from and including the Vehicle Lease Commencement Date to but excluding the Vehicle Lease Expiration Date.

Vehicle Lease Commencement Date. The “Vehicle Lease Commencement Date” shall mean, (i) for each Vehicle leased under this Lease as of the Initial Closing Date, the Initial Closing Date and (ii) for each other Vehicle, the earlier of (a) including Refinanced Vehicles, the date referenced in the Vehicle Acquisition Schedule or Refinancing Schedule Order with respect to such Vehicle, and (b) other but in no event later than in the case of Acquired Vehicles refinanced pursuant to Section 2.3 of the Master Collateral Agency Agreement, the date that funds are expended by the Lessor to acquire or finance the acquisition of refinance such Vehicle (with respect to such Vehicledate, the “Vehicle Funding Date”” for such Vehicle). A vehicle shall be deemed hereunder to be a Vehicle leased under this Lease on each day during the period (the “Vehicle Term”) from and including the Vehicle Lease Commencement Date for such Vehicle to but excluding the Vehicle Lease Expiration DateDate for such Vehicle.

Vehicle Lease Commencement Date. The “Vehicle Lease Commencement Date” shall mean, for each Vehicle, the earlier of (a) the date referenced in the Vehicle Acquisition Schedule or Refinancing Schedule with respect to such Vehicle, and (b) other than in the case of Acquired Vehicles refinanced or otherwise redesignated pursuant to Section 2.3 of the Master Collateral Agency Agreement, the date that funds are expended by the Lessor to acquire or finance the acquisition of such Vehicle (with respect to such Vehicle, the “Vehicle Funding Date”). A vehicle shall be deemed hereunder to be a Vehicle leased under this Lease on each day during the period (the “Vehicle Term”) from and including the Vehicle Lease Commencement Date to but excluding the Vehicle Lease Expiration Date.