Lessee Initiated Early Termination as of any date means any Lease that has been terminated by the related Lessee before the related Maturity Date, provided that the Lessee is not in default.
Early Termination means the Termination of Employment before Normal Retirement Age for reasons other than death, Disability, Termination for Cause or following a Change of Control.
Automatic Early Termination provision of Section 6(a) will not apply to Party A and will not apply to Party B.
Early Termination Payment is defined in Section 4.3(b) of this Agreement.
Early Termination Fee has the meaning set forth in Section 7.2.
Early Termination Date means the date determined in accordance with Section 6(a) or 6(b)(iv).
Early Termination Amount means, in respect of any Note, its principal amount or such other amount as may be specified in, or determined in accordance with, these Conditions or the relevant Final Terms;
Early Termination Charge means, with respect to any 2016-B Lease that is terminated prior to its Maturity Date, an amount equal to the lesser of (a) the present value (discounted at the implicit rate of such 2016-B Lease) of all remaining Monthly Payments and (b) the excess, if any, of the adjusted 2016-B Lease balance over the related 2016-B Vehicle’s fair market wholesale value in accordance with accepted practices in the automobile industry (or by written agreement between the Servicer, on behalf of the Titling Trust, and the Lessee).
Early Termination Rate means the lesser of (i) 6.5% per annum, compounded annually, and (ii) LIBOR plus 100 basis points.
Termination Payment has the meaning set forth in Section 6.03.
Company Termination Fee has the meaning set forth in Section 7.3(a).
Termination Notice means the communication issued in accordance with this Agreement by one Party to the other Party terminating this Agreement;