Matured Vehicle definition
Matured Vehicle as of any date means any Leased Vehicle the related Lease of which has reached its Maturity Date or has been terminated in connection with a Lessee Initiated Early Termination (and the Lessee is not in default under such Lease) or in connection with a Casualty Termination, which Leased Vehicle has been returned to the Servicer on behalf of the Titling Trust, if applicable.
Matured Vehicle means a 2025-1 Vehicle for which the related 2025-1 Lease has reached its Maturity Date.
Matured Vehicle means a 2013-1 Vehicle for which the related 2013-1 Lease has reached its Maturity Date.
Examples of Matured Vehicle in a sentence
If the Servicer sells or otherwise disposes of a Matured Vehicle after having made a Sales Proceeds Advance, the Servicer may retain the Net Auction Proceeds up to the amount of the Securitization Value of the related 2026-A Lease and the Residual Value Surplus, if any, will be deposited into the 2026-A Series Collection Account.
If the Servicer has made a Sales Proceeds Advance with respect to a Matured Vehicle, the Issuing Entity shall have no claim against or interest in such Matured Vehicle or any Net Auction Proceeds resulting from the sale or other disposition thereof, except with respect to any related Residual Value Surplus.
More Definitions of Matured Vehicle
Matured Vehicle means a 2016-2 Vehicle for which the related 2016-2 Lease has reached its Maturity Date.
Matured Vehicle means a 20[__]-[__] Vehicle for which the related 20[__]-[__] Lease has reached its Maturity Date.
Matured Vehicle as of any date means any 1996-B Leased Vehicle the related 1996-B Lease of which has reached its Maturity Date and as to which all scheduled Monthly Lease Payments and other payments due thereunder have been made, and which Leased Vehicle has been returned to the Servicer on behalf of the Origination Trustee, on behalf of the Origination Trust, regardless of the status of the disposition of such 1996-B Leased Vehicle as of such date.
Matured Vehicle as of any date, means any Leased Vehicle, the related Contract of which has reached its Maturity Date, and which Leased Vehicle has been returned to the Servicer on behalf of the Titling Trust (or the Titling Trustee on behalf of the Titling Trust), regardless of the status of the sale or disposition of such Leased Vehicle as of the date of such return.
Matured Vehicle as of any date shall mean any Leased Vehicle the related Lease of which has reached its Lease Maturity Date, which Leased Vehicle has been returned to the Servicer.
Matured Vehicle means a 2015-2 Vehicle for which the related 2015-2 Lease has reached its Maturity Date.
Matured Vehicle. , as of any date, means any Leased Vehicle, the related Contract of which has reached its Maturity Date, and which Leased Vehicle has been returned to the Servicer on behalf of the Titling Trust (or the Titling Trustee on behalf of the Titling Trust), regardless of the status of the sale or disposition of such Leased Vehicle as of the date of such return.