Lease Pool definition
Examples of Lease Pool in a sentence
On and from the date on which you pay the Excess Lease Charge, the number of Royal Mail ALPS in your Agreed Lease Pool will be deemed to be increased by a number equal to A or D (as defined in paragraph 3.8 above) for the remainder of the calendar year.
By the earlier to occur of (a) the date of issuance of the Issuer's "Series 2002-1 Notes" and (b) July 31, 2002 (or if such day is not a Business Day, the next succeeding Business Day) the Manager shall (at its own expense) furnish (or cause to be furnished) to the Owner and to each Entitled Party two (2) Appraisals setting forth the Appraised Value of each Lease Pool as of the date of such Appraisal.
By the earlier to occur of (a) the date of issuance of the Issuer's "Series 2002-1 Notes" and (b) April 15, 2002 (or if such day is not a Business Day, the next succeeding Business Day) the Manager shall (at its own expense) furnish (or cause to be furnished) to the Owner and to each Entitled Party two (2) additional Appraisals setting forth the Appraised Value of each Lease Pool as of the date of such Appraisal.
Each Purchase of SCC Pool Receivables, ISC Pool Receivables or Lease Pool Receivables, as the case may be, shall be made on notice from any Seller or the Servicer (on behalf of all Sellers) to the applicable Administrative Agent not later than 11:00 a.m. (New York City time) on the third (3rd) Business Day preceding the date of such proposed Purchase and Purchases of SCC Pool Receivables, Lease Pool Receivables and ISC Pool Receivables may be made in one notice to all three Administrative Agents.
If a Trigger Event or a Prospective Trigger Event has occurred subsequent to the date on which the Head Lessee elected to exercise the Head Lease Purchase Option and is continuing on the scheduled Termination Date of the respective Lease Pool, then the Head Lessee will be deemed to have elected the Renewal Option with respect to such Lease Pool.