Common use of Vehicle Lease Commencement Date Clause in Contracts

Vehicle Lease Commencement Date. The "Vehicle Lease Commencement Date" shall mean, (i) for each Vehicle in the Existing Fleet, the Closing Date for the first Series of Notes issued under the Indenture, and (ii) for each other Vehicle, the date referenced in the Vehicle Acquisition Schedule with respect to such Vehicle, which in no event shall be later than the date that funds are expended by the Lessor to acquire or finance the acquisition of such Vehicle. A vehicle shall be deemed hereunder to be a Vehicle leased under the 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.

Appears in 1 contract

Samples: Vehicle Lease and Servicing Agreement (Dollar Thrifty Automotive Group Inc)

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Vehicle Lease Commencement Date. The "Vehicle Lease Commencement Date" shall mean, (i) for each Vehicle in the Existing FleetRefinanced Vehicle, the Series 1996-2 Closing Date for the first Series of Notes issued under the IndentureDate, and (ii) for each other Vehicle, the date referenced in the Vehicle Acquisition Schedule with respect to such Vehicle, which in no event shall be later than the date that funds are expended by the Lessor to acquire or finance the acquisition of such Vehicle (the "Vehicle Funding Date" for such Vehicle). A vehicle shall be deemed hereunder to be a Vehicle leased under the 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.

Appears in 1 contract

Samples: Second Master Motor Vehicle Lease and Servicing Agreement (Republic Industries Inc)

Vehicle Lease Commencement Date. The "Vehicle Lease Commencement Date" shall mean, (i) for each Vehicle in the Existing FleetVehicle, the Closing Date for the first Series earlier of Notes issued under the Indenture, and (iia) for each other Vehicle, the date referenced in the Vehicle Acquisition Schedule with respect to such Vehicle, which in no event shall be later than and (b) the date that funds are expended by the Lessor to acquire or finance the acquisition of such Vehicle (such date that funds are expended by the Lessor with respect to a Vehicle, the "Vehicle Funding Date" for such Vehicle). A vehicle shall be deemed hereunder to be a Vehicle leased under the 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.

Appears in 1 contract

Samples: Vehicle Lease and Servicing Agreement (Dollar Thrifty Automotive Group Inc)

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Vehicle Lease Commencement Date. The "Vehicle Lease Commencement Date" shall mean, (i) for each Vehicle in the Existing FleetRefinanced Vehicle, the Closing Date for the first Series of Notes issued under the Indenture, and (ii) for each other Vehicle, the date referenced in the Vehicle Acquisition Schedule with respect to such Vehicle, which in no event shall be later than the date that funds are expended by the Lessor to acquire or finance the acquisition of such Vehicle. A vehicle shall be deemed hereunder to be a Vehicle leased under the 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.

Appears in 1 contract

Samples: Master Motor Vehicle Lease and Servicing Agreement (Republic Industries Inc)

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