Lessee Purchase Amount definition
Lessee Purchase Amount with respect to a Vehicle related to a Series 20 -SN Lease Asset that the Lessee is purchasing at the Scheduled Lease End Date, all amounts payable by the Lessee in connection with such purchase under the related Series 20 -SN Lease.
Lessee Purchase Amount. With respect to a Leased Vehicle related to a Lease Asset that the Lessee is purchasing at the Scheduled Lease End Date, all amounts payable by the Lessee in connection with such purchase under the related Lease.
Lessee Purchase Amount. With respect to a Leased Vehicle related to a Lease Asset that the Lessee is purchasing at the Scheduled Lease End Date, all amounts payable by the Lessee in connection with such purchase under the related Lease. LIBOR: With respect to the initial Distribution Date, 0.15570%; with respect to each Distribution Date other than the initial Distribution Date, the rate for deposits in U.S. Dollars for a period of one month which appears on Reuters Screen LIBOR01 Page as of 11:00 a.m., London time, on the day that is two LIBOR Business Days prior to the preceding Distribution Date (and, in the case of the initial Distribution Date, two LIBOR Business Days prior to the Closing Date). If such rate does not appear on that date on Reuters Screen LIBOR01 Page (or any other page as may replace that page on that service, or if that service is no longer offered, any other service for displaying LIBOR or comparable rates as may be selected by the AART Indenture Trustee after consultation with the Depositor), then LIBOR will be the Reference Bank Rate.
Examples of Lessee Purchase Amount in a sentence
If ACOLT is to sell the Leased Vehicle to the Lessee, upon receipt of the Lessee Purchase Amount, the Servicer shall give, on behalf of ACOLT, instructions to VAULT to convey title to such Vehicle to the Lessee.
If COLT is to sell the Vehicle to the Lessee, upon receipt of the Lessee Purchase Amount, the Servicer shall, on behalf of COLT, give instructions to VAULT to convey title to such Vehicle to the Lessee.
If ABLT is to sell the Leased Vehicle to the Lessee, upon receipt of the Lessee Purchase Amount, the Servicer shall give, on behalf of ABLT, instructions to VAULT to convey title to such Vehicle to the Lessee.
If AFLT is to sell the Leased Vehicle to the Lessee, upon receipt of the Lessee Purchase Amount, the Servicer shall give, on behalf of AFLT, instructions to VAULT to convey title to such Vehicle to the Lessee.
More Definitions of Lessee Purchase Amount
Lessee Purchase Amount. With respect to a Leased Vehicle related to a Lease Asset that the Lessee is purchasing at the Scheduled Lease End Date, all amounts payable by the Lessee in connection with such purchase under the related Lease. [LIBOR: With respect to the initial Distribution Date, %; with respect to each Distribution Date other than the initial Distribution Date, the rate for deposits in U.S. Dollars for a period of one month which appears on Telerate Service Page 3750 as of 11:00 a.m., London time, on the day that is two LIBOR Business Days prior to the preceding Distribution Date. If such rate does not appear on that date on Telerate Service Page 3750 (or any other page as may replace that page on that service, or if that service is no longer offered, any other service for displaying LIBOR or comparable rates as may be selected by the AART Indenture Trustee after consultation with the Depositor), then LIBOR will be the Reference Bank Rate.] Table of Contents [LIBOR Business Day: Any day other than a Saturday, Sunday or any other day on which banks in London are required or authorized to be closed.] Lien: Any security interest, lien, charge, pledge, equity, encumbrance or adverse claim of any kind other than tax liens, mechanics’ liens and any liens that attach by operation of law.
Lessee Purchase Amount. With respect to a Leased Vehicle related to a Lease Asset that the Lessee is purchasing at the Scheduled Lease End Date, all amounts payable by the Lessee in connection with such purchase under the related Lease. [LIBOR: With respect to the initial Distribution Date, %; with respect to each Distribution Date other than the initial Distribution Date, the rate for deposits in U.S. Dollars for a period of one month which appears on Telerate Service Page 3750 as of 11:00 a.m., London time, on the day that is two LIBOR Business Days prior to the preceding Distribution Date. If such rate does not appear on that date on Telerate Service Page 3750 (or any other page as may replace that page on that service, or if that service is no longer offered, any other service for displaying LIBOR or comparable rates as may be selected by the CARAT Indenture Trustee after consultation with the Depositor), then LIBOR will be the Reference Bank Rate.]
Lessee Purchase Amount. With respect to a Leased Vehicle related to a Lease Asset that the Lessee is purchasing at the Scheduled Lease End Date, all amounts payable by the Lessee in connection with such purchase under the related Lease. [LIBOR: With respect to the initial Distribution Date, %; with respect to each Distribution Date other than the initial Distribution Date, the rate for deposits in U.S. Dollars for a period of one month which appears on Bloomberg Screen BBAM Page as of 11:00 a.m., London time, on the day that is two LIBOR Business Days prior to the preceding Distribution Date (and, in the case of the initial Distribution Date, two LIBOR Business Days prior to the Closing Date). If such rate does not appear on that date on Bloomberg Screen BBAM Page (or any other page as may replace that page on that service, or if that service is no longer offered, any other service for displaying LIBOR or comparable rates as may be selected by the AART Indenture Trustee after consultation with the Depositor), then LIBOR will be the Reference Bank Rate.] [LIBOR Business Day: Any day other than a Saturday, Sunday or any other day on which banks in London are required or authorized to be closed.] Lien: Any security interest, lien, charge, pledge, equity, encumbrance or adverse claim of any kind other than tax liens, mechanics’ liens and any liens that attach by operation of law. Liquidating Lease Asset: A Lease Asset with respect to which any of the following has first occurred during a Monthly Period: