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.

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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 Servicer shall, on at least a monthly basis, remit any proceeds of such Insurance Policy that the Servicer may receive with respect to a Leased Vehicle in accordance herewith.

• The Servicer shall only expend funds in connection with the repossession and/or sale of any Leased Vehicle to the extent that it reasonably determines that Liquidation Expenses will not exceed the anticipated Liquidation Proceeds.

• In connection with the filing of applications for Certificates of Title to the Leased Vehicles, the Servicer shall arrange for the new Certificate of Title identifying the Origination Trust, or its nominee, as the owner of each Leased Vehicle, to be issued by the appropriate Registrar of Titles and to be delivered to the Servicer to be held by the Servicer, as agent and bailee on behalf of the Origination Trust.

• The Servicer shall be responsible for all other costs and expenses incurred by it in connection with any action taken in respect of a Lease or the related Leased Vehicle; provided, however, that subject to Section 2.5, it shall be entitled to reimbursement of such costs and expenses to the extent they constitute Liquidation Expenses or expenses recoverable under an applicable insurance policy.

• Any payment by the Servicer to a Dealer to acquire a Leased Vehicle or a related Lease shall constitute a contribution by the Servicer to the Trust in respect of the Servicer’s ownership interest in the UTI and the UTI shall immediately thereafter be deemed to represent the entire beneficial interest in such Leased Vehicle, any related Lease and any related Trust Assets (whether such Lease was originated by a Dealer or by the Trust).

More Definitions of Leased Vehicle

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

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, 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 herein means a vehicle covered by this lease.

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.