Lease Trust definition

Lease Trust as used in this Senior Note includes any successor to the Lease Trust under the Indenture.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Lease Trust means Ford Credit Auto Lease Trust 1996-1 created pursuant to the Lease Trust Agreement.

Lease Trust means the Ford Credit Auto Lease Trust 1996-1 established pursuant to this Agreement.

Examples of Lease Trust in a sentence

Any reference herein to the "Titling Trustee, acting on behalf of the Titling Trust", or words of similar import, shall be deemed to mean the Titling Trustee, acting on behalf of Toyota Lease Trust and all beneficiaries thereof.
No Action Except Under Lease, Trust Indenture or Instructions 43 SECTION 5.06.
No Action Except Under Lease, Trust Indenture or Instructions 44 SECTION 5.06.
There is hereby formed in accordance with the provisions of the Delaware Act, a Delaware business trust to be known as the Toyota Lease Trust.
The trust created hereby shall be known as “Nissan Auto Lease Trust 20[•]-[•],” in which name the Issuing Entity may engage in activities as permitted by the Basic Documents, make and execute contracts and other instruments and ▇▇▇ and be sued, to the extent provided herein.
The Senior Notes represent obligations of the Lease Trust only and do not represent interests in, recourse to or obligations of RCL Trust 2000-1, Ford Credit or any of their respective affiliates.
Lease Trust Certificates are exchangeable for new Lease Trust Certificates of authorized denominations evidencing the same aggregate denomination, as requested by the Lease Trust Certificateholder surrendering the same.
The Lease Trustee, the Lease Trust Registrar and any agent of the Lease Trustee or the Lease Trust Registrar may treat the Person in whose name this Lease Trust Certificate is registered as the owner hereof for all purposes, and none of the Lease Trustee, the Lease Trust Registrar or any such agent shall be affected by any notice to the contrary.
The Indenture also contains provisions permitting Senior Noteholders holding specified percentages of the Outstanding Amount of the Senior Notes, on behalf of all Senior Noteholders, to waive compliance by the Lease Trust with certain provisions of the Indenture and certain past defaults under the Indenture and their consequences.
The obligations and responsibilities created by the Lease Trust Agreement and the Lease Trust created thereby shall terminate upon the payment to Lease Trust Certificateholders of all amounts required to be paid to them pursuant to the Lease Trust Agreement and the Indenture and the disposition of all property held as part of the Lease Trust.

More Definitions of Lease Trust

Lease Trust means the special purpose entity that entered into a synthetic lease arrangement with KCPL in 2001 to finance the purchase, installation, assembly and construction of five combustion turbines and related property and equipment.

Lease Trust means Ford Credit Auto Lease Trust 2000-1, a common law trust created under the laws of the State of Delaware, acting by and through The Bank of New York (Delaware), not in its individual capacity but solely as Lease Trustee.

Lease Trust means MW 1997-1 Trust, a bankruptcy-remote ----------- trust. Annex A -------

Lease Trust as used in this Senior Note includes any successor to the Lease Trust under the Indenture. The Senior Notes are issuable only in registered form in denominations as provided in the Indenture, subject to certain limitations therein set forth. THIS SENIOR NOTE AND THE INDENTURE SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT REFERENCE TO ITS CONFLICT OF LAW PROVISIONS, AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER AND THEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS. No reference herein to the Indenture and no provision of this Senior Note or of the Indenture shall alter or impair the obligation of the Lease Trust, which is absolute and unconditional, to pay the principal of and interest on this Senior Note at the times, place, and rate, and in the coin or currency herein prescribed. Anything herein to the contrary notwithstanding, except as expressly provided in the Basic Documents, neither PNC Bank, Delaware in its individual capacity, any owner of a beneficial interest in the Lease Trust, nor any of their respective partners, beneficiaries, agents, officers, directors, employees or successors or assigns shall be personally liable for, nor shall recourse be had to any of them for, the payment of principal of or interest on, or performance of, or omission to perform, any of the covenants, obligations or indemnifications contained in this Senior Note or the Indenture, it being expressly understood that said covenants, obligations and indemnifications have been made by the Lease Trustee for the sole purpose of binding the interests of the Lease Trustee in the assets of the Lease Trust. The Senior Noteholder of this Senior Note by the acceptance hereof agrees that except as expressly provided in the Basic Documents, in the case of an Event of Default under the Indenture, the Senior Noteholder shall have no claim against any of the foregoing for any deficiency, loss or claim therefrom; provided, however, that nothing contained herein shall be taken to prevent recourse to, and enforcement against, the assets of the Lease Trust for any and all liabilities, obligations and undertakings contained in the Indenture or in this Senior Note. ASSIGNMENT Social Security or taxpayer I.D. or other identifying number of assignee ______________________________ FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers unto _____________________________________________________________ ________________...