Lease Asset definition

Lease Asset. A Lease and the Leased Vehicle (or, as the context may require, the beneficial interest in such Leased Vehicle) related thereto, allocated to Series 2014-SN2 and the Series 2014-SN2 Portfolio, excluding any of the Lease Assets as of such date that constitute Liquidating Lease Assets, Administrative Lease Assets required to be purchased on or before such date and Warranty Lease Assets required to be repurchased on or before such date.

Lease Asset means lease contracts of Vehicles, Vehicles that are subject of lease contracts, other equipment and/or other tangible property or assets, together with all non-severable appliances, instruments, accessories, furnishings, other equipment, additions, parts and improvements from time to time constituting a part thereof and all accessions thereto.

Lease Asset means an asset held and leased by Türkiye Finans (as lessor) to a customer pursuant to the related Lease Finance Documents (together with the interests, rights, benefits and entitlements of the Asset Seller under the associated Lease Finance Documents);

Examples of Lease Asset in a sentence

• The Servicer shall then release its claim for reimbursement of the portion of any Outstanding Advances made with respect to such Administrative Lease Asset.

• Upon repurchase and payment of such Warranty Payment with respect to any Warranty Lease Asset, the Seller shall be entitled to receive the Released Warranty Amount, if any.

• The portion of each payment under a Lease Asset that is allocable to fees and sales, use or other taxes or similar payments due under such Lease.

• The remainder of the related Security Deposit for any such Lease Asset, after the deposit of the amounts, if any, referenced in the preceding sentence, shall be returned to the related Lessee by the Servicer; provided, however, that the Servicer may separately account for a Security Deposit (including any interest therein) until the Lessee has repaid all other charges owed under such Lease.

• On the first business day of each Monthly Period, the Servicer (if the Servicer is not Ally Financial) shall notify the Pull Ahead Agent of the identity of all Lease Assets that have become Pull Ahead Lease Assets during the immediately preceding Monthly Period and the total amount of Pull Ahead Payments paid and remaining to be paid with respect to each such Pull Ahead Lease Asset.

More Definitions of Lease Asset

Lease Asset means a Lease Asset Agreement pursuant to which an Asset Entity (or a predecessor in interest) obtains interests in one or more Tenant Leases.

Lease Asset. A Lease and the Leased Vehicle (or, as the context may require, the beneficial interest in such Leased Vehicle) related thereto, allocated to Series 20 -SN and the Series 20 -SN Portfolio, excluding any of the Lease Assets as of such date that constitute Liquidating Lease Assets, Administrative Lease Assets required to be purchased on or before such date and Warranty Lease Assets required to be repurchased on or before such date.

Lease Asset. A Lease and the Vehicle related thereto. Lessee: With respect to any Series 20__-SN_ Lease Asset, the lessee or the co-lessees of the Vehicle and any guarantor of the Lease comprising such Lease Asset.

Lease Asset means a Lease Asset Agreement pursuant to which an Asset Entity (or a predecessor in interest) obtains interests in one or more Wireless Site Contracts.

Lease Asset a Program Lease and the Vehicle related thereto.

Lease Asset means a tangible asset in relation to which the Seller or any person on its behalf has entered into a Lease Financing Contract (and includes that Lease Financing Contract, all amounts payable thereunder (including, but not limited to, rental payments) and all rights, interests, benefits and entitlements in, to and under such Lease Financing Contract and such tangible asset);

Lease Asset has the meaning given to it in the Purchase Agreement;