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 2012-SN1 and the Series 2012-SN1 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 a Lease Asset Agreement pursuant to which an Asset Entity (or a predecessor in interest) obtains interests in one or more Tenant Leases.

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 Custodian hereby acknowledges receipt of the Lease Asset Files for each Lease Asset listed on the Lease Assets Schedule.

• In addition, the Custodian shall assist the Servicer generally in the preparation of routine reports to the Secured Noteholders, if any, or to regulatory bodies, to the extent necessitated by the Custodian’s custody of the Lease Asset Files described herein.

More Definitions of Lease Asset

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);

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 a Program Lease and the Vehicle related thereto.

Lease Asset means receivables under financial lease agreement;

Lease Asset means the asset/s under Finance Lease.

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

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);