Early Termination Lease definition

Early Termination Lease means a 2013-1 Lease terminated by the related Lessee prior to its Maturity Date.
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Early Termination Lease means a 20[__]-[__] Lease terminated by the related Lessee prior to its Maturity Date.
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Early Termination Lease means any Lease that has terminated prior to its scheduled expiration date (including because of a Casualty Loss), other than a Defaulted Lease.
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Examples of Early Termination Lease in a sentence

  • Additional Lease - each separate lease agreement and each lease schedule or supplement (and each master lease agreement insofar as the same relates to any such schedule or supplement) acquired by the Company from the Seller with all or a portion of the proceeds of an Early Termination Lease that has been prepaid in full pursuant to Section 9 hereof.

  • Early Termination Lease - a lease which has been prepaid prior to its original stated maturity.

  • A Lease will be considered to be an "Eligible Lease" if on the date such Lease is substituted for or added in replacement of an Early Termination Lease, such Lease satisfies the representations and warranties set forth in Section 2.04(a) through (r) and the requirements of Section 9 hereof.

  • Any Early Termination Lease and the Equipment subject thereto which is acquired, or for which Additional Leases have been acquired or Substitute Leases transferred, pursuant to this Section 4.02 shall nevertheless remain subject to the Lien of the Indenture until such time as an Additional Lease or Additional Leases have been acquired or Substitute Lease or Substitute Leases have been transferred in accordance with the provisions of Section 9 hereof or the Lease Purchase Amount has been paid.

  • Early Termination Lease - a Lease as to which there has been an Early ----------------------- Lease Termination.

  • Additional Lease - each separate lease agreement and each lease schedule or supplement (and each master lease agreement insofar as the same relates to any such schedule or supplement) acquired by the Issuer from the Transferor with all or a portion of the proceeds of an Early Termination Lease that has been prepaid in full pursuant to Section 9 hereof.

  • A Lease will be considered to be an "Eligible Lease" if on the date such Lease is substituted for or added in replacement of an Early Termination Lease, such Lease satisfies the representations and warranties set forth in Section 2.04(a) through (u) and the requirements of Section 9 hereof.

  • Any Early Termination Lease and the Equipment subject thereto which is repurchased, or for which Additional Leases have been purchased or Substitute Leases transferred, pursuant to this Section 4.02 shall nevertheless remain subject to the Lien of the Indenture until such time as an Additional Lease or Additional Leases have been purchased or Substitute Lease or Substitute Leases have been transferred in accordance with the provisions of Article 8 hereof or the Lease Repurchase Amount has been paid.

  • The Servicer will not change the location of any material portion of the Lease Files (other than any Lease Files which relate solely to an Early Termination Lease, an Expired Lease or a Repurchased Lease and/or related Equipment) unless the Servicer gives the Lender notice of such change not less than ten days prior to such change; provided that at all times the Lease Files shall remain under the care, custody and control of the Servicer.

  • Early Termination Lease - a Lease as to which there has been an Early Lease Termination.


More Definitions of Early Termination Lease

Early Termination Lease means a 1998-A Lease which is terminated prior to its Maturity Date by agreement between the Servicer and the Obligor in connection with the payment (excluding payments in the form of non-cash items) of less than 100% of the Outstanding Principal Balance of a 1998-A Lease; provided, however, that such a 1998-A Lease will not constitute an Early Termination Lease if such deficit is less than $200.00.
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Early Termination Lease a lease which has been prepaid prior to its original stated maturity. Eligible Lease - Section 4.02 hereof. Equipment - all units or items of equipment from time to time subject to any Lease and all such units or items of equipment (to the extent of the Trust's interest therein) remaining subject to the Lien of the Indenture following the expiration or termination of the Lease to which the same was previously subject. ERISA - the Employee Retirement Income Security Act of 1974, as amended.
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Early Termination Lease means a 1999-A Lease which is terminated prior to its Maturity Date in connection with the retention of the related 1999-A Leased Vehicle by the Obligor or the Obligee, by the Servicer accepting payment (excluding payments in the form of non-cash items) of less than 100% of the Outstanding Principal Balance of a 1999-A Lease; provided, however, that such agreement is part of a lease termination program sponsored by WOFCO (or the Servicer, if other than WOFCO) specifically for the purpose of mitigating residual value losses, and not primarily for any other purpose, and pursuant to which WOFCO or the Servicer offers incentives to terminate such a 1999-A Lease prior to its Maturity Date; and provided, further, that such a 1999-A Lease will not constitute an Early Termination Lease if such deficit is less than $200.00.
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Early Termination Lease or "Early Termination Leases" have no meanings set for in Section 6.M.
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Related to Early Termination Lease

  • Early Termination Payment is defined in Section 4.3(b) of this Agreement.

  • Early Termination Notice is defined in Section 4.2 of this Agreement.

  • Early Termination Date means the date determined in accordance with Section 6(a) or 6(b)(iv).

  • Early Termination Charge means, with respect to any 2016-B Lease that is terminated prior to its Maturity Date, an amount equal to the lesser of (a) the present value (discounted at the implicit rate of such 2016-B Lease) of all remaining Monthly Payments and (b) the excess, if any, of the adjusted 2016-B Lease balance over the related 2016-B Vehicle’s fair market wholesale value in accordance with accepted practices in the automobile industry (or by written agreement between the Servicer, on behalf of the Titling Trust, and the Lessee).

  • Early Termination Fee has the meaning set forth in Section 7.2.

  • Early Termination Schedule is defined in Section 4.2 of this Agreement.

  • Early Termination Rate means the lesser of (i) 6.5% per annum, compounded annually, and (ii) LIBOR plus 100 basis points.

  • Early Termination Effective Date is defined in Section 4.2 of this Agreement.

  • Company Termination Fee has the meaning set forth in Section 7.3(a).

  • Termination Benefit means the benefit set forth in Article 7.

  • Termination Option Event means an event of a kind defined as such in Section 4.1, 4.2 or 4.8.

  • Termination Notice means the communication issued in accordance with this Agreement by one Party to the other Party terminating this Agreement;