Leased Vehicles definition

Leased Vehicles shall have the meaning specified in Section 2.1(e).

Leased Vehicles has the meaning set forth in the Trust Agreement.

Leased Vehicles is defined in Section 3.3(a)(i) of this Agreement.

Examples of Leased Vehicles in a sentence

• Rent shall not accrue for any vehicle that the Contracting Officer determines does not comply with the Condition of Leased Vehicles clause of this contract or otherwise does not comply with the requirements of this contract, until the vehicle is replaced or the defects are corrected.

• Description of the Lease Contracts, Lease Receivables, Leased Vehicles and Lessees as at the Cut- Off Date The Portfolio information presented in this Prospectus is based on a pool as at the Cut-Off Date.

• As prescribed in 908.1104, insert the following clause when leasing commercial vehicles for periods in excess of 60 days: Tagging of Leased Vehicles (APR 1984) (a) DOE intends to use U.S. Government license tags.

• The legal existence of the Purchased Lease Receivables assigned under the Receivables Purchase Agreement would generally survive the institution of insolvency proceedings against VWL pursuant to section 108 (1) sentence 2 of the German Insolvency Code (Insolvenzordnung) under the condition that (i) the Leased Vehicles were financed by a third party and (ii) the title to the Purchased Leased Vehicles were transferred to such third party as security for such financing.

• Begin Regulation 52.208-5 Condition of Leased Vehicles (APR 1984) Each vehicle furnished under this contract shall be of good quality and in safe operating condition, and shall comply with the Federal Motor Vehicle Safety Standards (49 CFR 571) and State safety regulations applicable to the vehicle.

More Definitions of Leased Vehicles

Leased Vehicles means Leased Assets which are Vehicles.

Leased Vehicles means, as of any applicable date of determination, the Dollar Amount of advances in respect of Leases, as such amount would appear in the footnotes to the financial statements of the Company and its Subsidiaries prepared in accordance with GAAP or, if specifically identified, elsewhere in such financial statements, net of depreciation on the motor vehicles which are covered by Leases with respect to which such Leased Vehicles are attributable (and if such amount is not shown net of such reserves, then net of any reserves established by the Company as an Allowance for Credit Losses related to such advances not expected to be recovered), provided that Leased Vehicles shall not include (a) the amount of any such advances attributable to any Leases transferred or encumbered or reallocated from the

Leased Vehicles has the meaning given such term in Section 8.5.

Leased Vehicles means, as of any applicable date of determination, the Dollar Amount of advances in respect of Leases, as such amount would appear in the footnotes to the financial statements of the Company and its Subsidiaries prepared in accordance with GAAP or, if specifically identified, elsewhere in such financial statements, net of depreciation on the motor vehicles which are covered by Leases with respect to which such Leased Vehicles are attributable (and if such amount is not shown net of such reserves, then net of any reserves established by the Company as an Allowance for Credit Losses related to such advances not expected to be recovered), provided that Leased Vehicles shall not include (a) the amount of any such advances attributable to any Leases transferred or encumbered pursuant to a Permitted Securitization or (b) Charged-Off Advances, to the extent that such Charged-Off Advances (i) exceed the portion of the Company's Allowance for Credit Losses related to reserves against such advances not expected to be recovered, as such allowance would appear in the footnotes to the financial statements of the Company and its Subsidiaries prepared in accordance with GAAP at such time or if specifically identified, elsewhere in such financial statements and (ii) have not already been eliminated in the determination of Leased Vehicles. For purposes of this definition, "Charged-off Advances" shall mean those Leased Vehicles which the Company or any of its Subsidiaries has determined, based on the application of a static pool or comparable analysis or otherwise, are completely or partially impaired, to the extent of such impairment.

Leased Vehicles has the meaning set forth in Section 2.1.14.

Leased Vehicles means any vehicle leased by the Seller in respect of the Business, which vehicles are set forth in Section 1.01(e) of the Disclosure Schedule.

Leased Vehicles means each Trust Asset that is a Vehicle.