Eligible Manufacturer definition

Eligible Manufacturer means, with respect to Program Vehicles, DaimlerChrysler, General Motors, Ford and Toyota, and with respect to Non-Program Vehicles, DaimlerChrysler, General Motors, Ford, Nissan, Volkswagen, Toyota, Honda, Mazda, Subaru, Suzuki, Mitsubishi, Isuzu, Kia, Daewoo, Hyundai, BMW, Jaguar, and Mercedes-Benz as set forth in Schedule 1 hereto (as such schedule, subject to the Rating Agency Condition and receiving the prior written consent of each Enhancement Provider, may be amended, supplemented, restated or otherwise modified from time to time), and, in each case, any other Manufacturer that (a) has an Eligible Vehicle Disposition Program that has been reviewed by the Rating Agencies and the Rating Agency Condition is satisfied with respect to the inclusion of such Manufacturer’s Vehicles under the Master Lease (or any other Lease with respect to Group III Vehicles), and (b) has been approved in writing by each Enhancement Provider, if any; provided, however, that upon the occurrence of a Manufacturer Event of Default with respect to such Manufacturer, such Manufacturer shall no longer qualify as an Eligible Manufacturer; and provided, further, that a Manufacturer may be an Eligible Manufacturer with respect to Non-Program Vehicles, if it otherwise meets the eligibility criteria, even if its disposition program does not qualify as an Eligible Vehicle Disposition Program.

Eligible Manufacturer means (a) an “Eligible Manufacturer” as defined in the Definitions List attached to the Base Indenture as Schedule I thereto and (b) Fiat, Mini and Smart.

Eligible Manufacturer has the meaning given to it in the applicable Series Supplement.

Examples of Eligible Manufacturer in a sentence

• Use or allow the Vehicles to be used in any manner that would (i) make such Vehicles that are Program Vehicles ineligible for repurchase under an Eligible Manufacturer Program, (ii) for any illegal purposes or (iii) subject the Vehicles to confiscation.

• Use or allow the Vehicles to be used (i) in any manner that would make such Vehicles that are Program Vehicles ineligible for repurchase under an Eligible Manufacturer Program, (ii) for any illegal purposes or (iii) in any manner that would subject the Vehicles to confiscation.

• Use or allow the Vehicles leased under the AESOP I Operating Lease to be used in any manner (i) that would make Program Vehicles ineligible for repurchase under an Eligible Manufacturer Program, (ii) for any illegal purposes or (iii) that could subject the Vehicles to confiscation.

• Each of the Lessees and the Guarantor agree that all Program Vehicles ordered as provided herein shall be ordered utilizing the procedures consistent with an Eligible Manufacturer Program.

• For all other reporting insurers, the prescribed capital amount is subject to a minimum of $5 million.

More Definitions of Eligible Manufacturer

Eligible Manufacturer means, with respect to Program Vehicles, DaimlerChrysler, Ford and Toyota, and with respect to Non-Program Vehicles, DaimlerChrysler, General Motors, Ford, Nissan, Toyota, Honda, Mazda, Subaru, Suzuki, Mitsubishi, Isuzu, Kia, Daewoo, Volkswagen and Hyundai, as set forth in Schedule 1 hereto (as such schedule, subject to confirmation by the Rating Agencies, may be amended, supplemented, restated or otherwise modified from time to time) and any other Manufacturer that (a)(i) has been approved by each of the Rating Agencies then rating the Group III Series of Notes or (ii) with respect to Program Vehicles only, has an Eligible Vehicle Disposition Program that has been reviewed by the Rating Agencies, and, in each case, the Rating Agencies have indicated that the inclusion of such Manufacturer's Vehicles under the Master Lease will not adversely affect the then current rating of any Group III Series of Notes, and (b) has been approved by each Enhancement Provider, if any; provided, however, that upon the occurrence of a Manufacturer Event of Default with respect to such Manufacturer, such Manufacturer shall no longer qualify as an Eligible Manufacturer; and provided, further, that a Manufacturer may be an Eligible Manufacturer with respect to Non-Program Vehicles, if it otherwise meets the eligibility criteria, even if its disposition program does not qualify as an Eligible Vehicle Disposition Program.

Eligible Manufacturer means any of Chrysler, Ford or General Motors or any additional Manufacturer in respect of which the Rating Agency Condition for each Outstanding Series and Class of Notes has been satisfied.

Eligible Manufacturer means an Eligible Repurchase Manufacturer.

Eligible Manufacturer means, with respect to Program Vehicles, Chrysler, General Motors, Ford, Toyota and each other Eligible Manufacturer with respect to Non-Program Vehicles that is an Investment Grade Manufacturer and that is identified to the Trustee and the Administrative Agent by the Master Servicer in writing as an Eligible Manufacturer with respect to Program Vehicles hereunder, and with respect to Non-Program Vehicles, Chrysler, General Motors, Ford, Nissan, Volkswagen, Toyota, Honda, Mazda, Subaru, Suzuki, Mitsubishi, Isuzu, Kia, Hyundai, BMW, Jaguar, and Mercedes-Benz as set forth in Schedule 1 hereto (as such schedule, subject to receiving the prior written consent of each Managing Agent and the prior written consent of each Enhancement Provider (if any), may be amended, supplemented, restated or otherwise modified from time to time), and, in each case, any other Manufacturer proposed by the Issuer or Servicer that has been approved in writing by each Managing Agent and each Enhancement Provider, if any; provided, however, that upon the occurrence of a Manufacturer Event of Default with respect to a Manufacturer or if such Manufacturer ceases to be an Investment Grade Manufacturer (other than Ford, General Motors, Chrysler or Toyota), or at the election of the Master Servicer by written notice to the Trustee and the Administrative Agent, such Manufacturer shall no longer qualify as an Eligible Manufacturer with respect to Program Vehicles or Manufacturer Receivables with respect thereto; and provided, further, that a Manufacturer may be an Eligible Manufacturer with respect to Non-Program Vehicles, if it otherwise meets the eligibility criteria, even if its disposition program does not qualify as an Eligible Vehicle Disposition Program.

Eligible Manufacturer means (a) Ford, Old GM, GM, Chrysler, Old Chrysler, Toyota, Honda, Mazda, Nissan, Volvo, Jaguar, Audi, Volkswagen, Land Rover, Hyundai, Kia, Lexus, Mercedes, Suzuki, BMW, Mitsubishi and Subaru and each other Manufacturer that becomes an Eligible Program Manufacturer and (b) any other Manufacturer with respect to which the Rating Agency Condition with respect to each Series of Notes Outstanding shall have been satisfied.

Eligible Manufacturer means an existing Virginia manufacturer that makes a capital investment of 813 at least $25 million that is announced on or after June 1, 1998, which investment does not result in any 814 net reduction in employment within one year after the capital investment has been completed and 815 verified. Any entity participating in any other production grant program in the Commonwealth shall not 816 be an eligible manufacturer.

Eligible Manufacturer means any of Chrysler, Ford or General Motors or any additional Manufacturer approved in writing from time to time by each Securitization Agent and the Rating Agency;”;