Leased Vehicle definition

Leased Vehicle means a new or used Nissan or Infiniti automobile, sport utility vehicle, minivan or light-duty truck, together with all accessories, parts and additions constituting a part thereof, and all accessions thereto, leased to a Lessee pursuant to a Lease.

Leased Vehicle means a new or used automobile, sport utility vehicle, minivan or light-duty truck, together with all accessories, parts and additions constituting a part thereof, and all accessions thereto (except those accessories installed for the business purposes of the Lessee, in the case that the related Lease Agreement is a distinct and separate true lease contract), leased pursuant to a Lease Agreement.

Leased Vehicle means the leased vehicle relating to a Lease.

Examples of Leased Vehicle in a sentence

• The Lease was originated in, and is subject to the laws of, a jurisdiction which permits the sale and assignment of the Lease and the related Leased Vehicle to the Titling Company.

• The applicable Titling Company has good title, or the Servicer has started procedures that will result in good title, to the Lease and Leased Vehicle, free and clear of Liens other than Permitted Liens.

• The Collateral Agent has, or the Servicer has started procedures that will result in the Collateral Agent having, a perfected, first-priority security interest in the Leased Vehicle, which security interest was validly created.

• The Lease is not a commercial lease contract, master lease contract or fleet vehicle lease contract, but the Lease may have been entered by a business entity and the Leased Vehicle may be used for commercial purposes.

• The Leased Vehicle was a new car, light truck or utility vehicle according to the Underwriting Procedures at the beginning of the related Lease.

More Definitions of Leased Vehicle

Leased Vehicle. An automobile or light truck that is or has been leased under a Lease with respect to a Lease Asset, that is or will be titled in the name of VAULT and with respect to which Ally Bank is the trust beneficiary. Leases: The Program Leases relating to the Lease Assets.

Leased Vehicle means a motor vehicle, together with all attached items or accessories, subject to a Lease.

Leased Vehicle means, with respect to any Lease, the related Equipment;

Leased Vehicle means any vehicle the insured has the use of, for a specified time, under a written agreement, in return for payment. (« véhicule loué »)

Leased Vehicle means, as to any Contract, the automobile (which may be a passenger car, minivan, sport/utility vehicle or light truck) that constitutes the subject of such Contract.

Leased Vehicle has the meaning defined in the Indenture.

Leased Vehicle means the new or used (including any dealer demonstrator vehicle or manufacturers' program vehicle) automobile, minivan, sports utility vehicle or light duty truck, together with all accessories, additions and parts constituting a part thereof and all accessions thereto, which is the subject of a Contract.