Vehicle Return Default. If any Lessee fails to comply with the provisions of (a) Section 13.2 hereof with respect to any Vehicle leased by such Lessee hereunder or (b) Section 3.1 with respect to returning any Program Vehicles leased by such Lessee hereunder to the related Manufacturer not later than the end of the Maximum Term (each, a "Vehicle Return Default"), and the Vehicle is not redesignated as a Non-Program Vehicle in accordance with Section 2.7, then the Lessor at its option may:
Appears in 3 contracts
Samples: Master Motor Vehicle Operating Lease Agreement (Avis Rent a Car Inc), Master Motor Vehicle Operating Lease Agreement (Avis Rent a Car Inc), Master Motor Vehicle Operating Lease Agreement (Avis Rent a Car Inc)
Vehicle Return Default. If any the Lessee fails to comply with the provisions of (a) Section 13.2 2.3 hereof with respect to any Vehicle leased by such Lessee hereunder or (b) Section 3.1 with respect to returning any Program Vehicles leased by such Lessee hereunder to the Servicer for return to the related Manufacturer not later than the end of the Maximum Term (each, a "“Vehicle Return Default"”), and the Vehicle is not redesignated as a Non-Program Vehicle in accordance with Section 2.72.6, then the Lessor at its option may:
Appears in 3 contracts
Samples: Master Motor Vehicle Operating Lease and Servicing Agreement (Hertz Corp), Vehicle Operating Lease and Servicing Agreement (Hertz Global Holdings Inc), Vehicle Operating Lease and Servicing Agreement (Hertz Global Holdings Inc)
Vehicle Return Default. If any Lessee fails to comply with the provisions of (a) Section 13.2 hereof with respect to any Vehicle leased by such Lessee hereunder or (b) Section 3.1 with respect to returning any Program Vehicles leased by such Lessee hereunder to the related Manufacturer not later than the end of the Maximum Term 3.1(b) hereof (each, a "“Vehicle Return Default"”), and the Vehicle is not redesignated as a Non-Program Vehicle in accordance with Section 2.7, then the Lessor at its option may:
Appears in 2 contracts
Samples: Finance Lease Agreement, Finance Lease Agreement (Avis Budget Group, Inc.)
Vehicle Return Default. If any the Lessee fails to comply with the provisions of (a) Section 13.2 hereof with respect to any Vehicle leased by such Lessee hereunder or (b) Section 3.1 with respect to returning any Program Vehicles leased by such Lessee hereunder to the related Manufacturer not later than the end of the Maximum Term 3.1(b) or (c) hereof (each, a "Vehicle Return Default"), and the Vehicle is not redesignated as a Non-Program Vehicle in accordance with Section 2.7, then the Lessor at its option may:
Appears in 2 contracts
Samples: Master Motor Vehicle Finance Lease Agreement (Avis Rent a Car Inc), Master Motor Vehicle Finance Lease Agreement (Avis Rent a Car Inc)
Vehicle Return Default. If any the Lessee fails to comply with the provisions of (a) Section 13.2 hereof with respect to any Vehicle leased by such Lessee hereunder or (b) Section 3.1 with respect to returning or causing to be returned any Program Vehicles leased by such Lessee hereunder to the related Manufacturer not later than the end of the Maximum Term (each, a "“Vehicle Return Default"”), and the Vehicle is not redesignated as a Non-Program Vehicle in accordance with Section 2.7, then the Lessor at its option may:
Appears in 1 contract
Samples: Master Motor Vehicle Operating Lease Agreement (Cendant Corp)
