Payoff Concession Vehicle means any Closed-End Vehicle that the Closed-End Servicer has permitted the Obligor under the related Closed-End Lease to purchase for an amount less than the Booked Residual Value of such Closed-End Vehicle.
Zero-emission vehicle means a motor vehicle that is exclusively propelled by electricity or hydrogen from an external source.
Securitization Vehicle shall have the meaning assigned to such term in the definition of “Qualified Institutional Lender.”
Light vehicle means a motor vehicle commonly referred to as an automobile, van, sport utility
Public Vehicle means a Person whose securities are listed and traded on a national securities exchange and shall include a majority owned subsidiary of any such Person or any operating partnership through which such Person conducts all or substantially all of its business.
Utility vehicle means a motor vehicle that is (i) designed for off-road use, (ii) powered by an
Fleet Vehicle means one of a large group of New Vehicles sold to a Person (e.g., a rental car agency) which purchases in excess of ten (10) Vehicles per purchase contract for commercial use.