Eligible Leases means those Leases that meet, as of any date of determination, all of the following requirements:

Eligible Leases means open-end and closed-end automobile fleet leases originated by or on behalf of Avis or any of its Subsidiaries which are of a type customarily eligible for inclusion in a Qualified Securitization Transaction.

Eligible Leases means a fully-executed Lease by a Borrower or Eligible Intermediary (as lessor) to an Eligible Carrier (as lessee) of an Eligible Asset, which Lease satisfies each of the following requirements:

Examples of Eligible Leases in a sentence

The proceeds of the Loans made on each Funding Date will be used solely to fund the Purchase Price of Eligible Railcars and related Eligible Leases added to the Portfolio on such Funding Date and to pay fees and expenses incurred in connection therewith.
The MVEB concept is further explained in the preamble to the November 24, 1993, Transportation Conformity Rule (58 FR 62188).
Seller has not selected the Purchased Leases from its portfolio of Eligible Leases using a selection procedure that would reasonably be expected to have a material adverse effect on the likelihood of collectibility of any material portion of the Purchased Leases taken as a whole.
Notwithstanding the foregoing, Borrower may exercise its rights pursuant to this Section 2.11 solely with respect to the repurchase of Pledged Leases in a pool of Eligible Leases having an aggregate Current Lease Balance (measured as of the date of such repurchase) that is less than or equal to five percent (5%) of the sum of the funded Revolving Advances and the total unfunded Revolving Loan Commitment held by the Lenders with respect to such pool of Eligible Leases.
FlexShopper is permitted to borrow funds under the Credit Agreement based on FlexShopper’s cash on hand and the Amortized Order Value of its Eligible Leases (as such terms are defined in the Credit Agreement) less certain deductions described in the Credit Agreement.

More Definitions of Eligible Leases

Eligible Leases means, initially as of the Cutoff Date, and thereafter as of any date of determination (unless otherwise specified below), a Customer Lease:

Eligible Leases. Leases of Equipment that generate Eligible Leased Assets.

Eligible Leases means the lease of an Eligible Commodity consisting of Precious Metals:

Eligible Leases means as of any date of determination, a Customer Lease:

Eligible Leases means open-end and closed-end automobile fleet leases originated by or on behalf of the Borrower and its Subsidiaries which are of a type customarily eligible for inclusion in a Qualified Securitization Transaction.

Eligible Leases means, leases for which (i) no consent or approval of any kind is required for transfer or (ii) any and all consents or approvals required for transfer have been obtained. "ENVIRONMENTAL LAWS" means all applicable federal, state or local statutes, laws, ordinances, codes, rules and regulations (including consent decrees and administrative orders) relating to public health and safety and protection of the environment.

Eligible Leases means leases entered into in the ordinary course of Borrower's business which do not have any lease payments more than 60 days past due and are not doubtful as to collectability or disputed as to existence or amount or subject to offset, contra-indebtedness or return and are otherwise acceptable to Standard Federal in its sole discretion but shall not include intra- company or owing from any affiliated or related Company or other entity. In addition, with respect to combined, assumed or extended leases, the requirements set forth under the definition of Eligible Lease Receivables must be satisfied.