Lease Management System definition
Examples of Lease Management System in a sentence
The Servicer will promptly transfer the information contained in the Lease Management System relating to the Leases to the Successor Servicer in such form as the Successor Servicer may reasonably request, and will promptly transfer to the Successor Servicer possession of the Lease Files and all other records, correspondence and documents necessary for the continued servicing of the Leases in the manner and at such times as the Successor Servicer will reasonably request.
In connection with any contribution or sale of Additional Assets, Trans Leasing will, at its own expense, cause the Lease Management System to be marked to show that such Additional Assets have been contributed or sold to TLFC in accordance with this Agreement, on or prior to the applicable Addition Date.
On or prior to the applicable Addition Date, in connection with any contribution or sale of Additional Assets, Trans Leasing will, at its own expense, cause the Lease Management System to be marked to show that such Additional Assets have been contributed or sold to TLFC in accordance with this Agreement and, as necessary, further transferred and pledged.
TLFC covenants and agrees with Trans Leasing not to disclose to any Person (except the Secured Party and the holders of any indebtedness issued under any Debt Agreement) any of the information contained in the Lease Management System, the Lease Files, the Contributed Lease Schedule, the Purchased Lease Schedule or any Additional Lease Schedule, except as required upon the appointment of a successor Servicer pursuant to the Servicing Agreement or by any legal requirement.
The Seller will mark ▇▇▇ Lease Files and the Lease Management System to the effect that the Lease Contracts and Equipment have been contributed to the Purchaser and that they have been transferred and assigned to the Trust pursuant to the Pooling and Servicing Agreement.
Lease Management System (LMS) Lease Management System (LMS) Tools.
The Servicer will ▇▇▇▇ the Lease Management System, on behalf of TLFC at the Servicer's expense, on or prior to the Closing Date in a manner which indicates that the Leases have been contributed and sold to TLFC and that TLFC has granted a security interest in the Leases to the Lender.
Such performance information shall be entered into the statewide Lease Management System at intervals established herein and a final Evaluation, Review and Rating shall be rendered within 30 days of the end of the Lease term.
The Servicer will mark ▇▇▇ Lease Management System, on behalf of the Seller at the Servicer's expense, on or prior to the Closing Date in a manner which indicates that the Leases and related Equipment have been transferred to the Issuer and pledged to the Indenture Trustee for the benefit of the Holders.
On or prior to the Closing Date, Trans Leasing will, for the benefit of TLFC and the Interested Parties, at its own expense, cause the Lease Management System to be marked to show that the Contributed Assets, the Purchased Assets and the Closing Date Assets have been contributed and sold to TLFC in accordance with this Agreement, sold by TLFC to the Trust pursuant to the Pooling and Servicing Agreement and pledged by the Trust to the Indenture Trustee pursuant to the Indenture.