Refinanced Vehicles definition

Refinanced Vehicles has the meaning specified in Section 2.1 of the Master Lease.

Refinanced Vehicles has the meaning given to it in Section 2.1 of the Base Lease.

Refinanced Vehicles shall, with respect to any applicable Financing Source, have the meaning specified in the Financing Documents of such Financing Source.

Examples of Refinanced Vehicles in a sentence

• On or prior to the applicable Vehicle Funding Date, the Lessor, if it desires to lease Refinanced Vehicles to a Lessee under this Lease, shall prepare or, as applicable, cause such Lessee to prepare, and upon request of the Lessor, make available to the Lessor, a schedule as set forth in Attachment A-1 hereto containing information concerning the Refinanced Vehicles of the Lessor to be leased to such Lessee under this Lease on such Vehicle Funding Date (each such schedule, a “Refinanced Vehicle Schedule”).

• The “Vehicle Lease Commencement Date” shall mean, (i) for each Vehicle leased under this Lease as of the Initial Closing Date, the Initial Closing Date and (ii) for each other Vehicle, including Refinanced Vehicles, the date referenced in the Vehicle Order with respect to such Vehicle, but in no event later than the date that funds are expended by the Lessor to acquire or refinance such Vehicle (such date, the “Vehicle Funding Date” for such Vehicle).

• On or prior to the applicable Vehicle Funding Date, each Lessee desiring to lease Non-Program Vehicles (other than Refinanced Vehicles or Used Vehicles) under this Lease shall prepare and, upon request of the Lessor, make available to the Lessor (i) a summary of each such additional Non-Program Vehicle to be leased hereunder by such Lessee and the Capitalized Cost thereof, (ii) a Vehicle Order for such Non-Program Vehicles and (iii) an invoice for the Capitalized Cost of such Non-Program Vehicles.

• With respect to the Refinanced Vehicles being refinanced on the Lease Commencement Date, subject to satisfaction of the requirements of Section 4, the Lessor, on the Lease Commencement Date, shall pay to the party specified in the Payoff Letter an amount equal to the aggregate Net Book Value as of the Lease Commencement Date of the Refinanced Vehicles which are designated in the Payoff Letter as being refinanced under the Indenture and leased hereunder on the Lease Commencement Date.

• The conditions precedent to leasing of the Refinanced Vehicles and financing of the Eligible Receivables under this Lease have been met.

More Definitions of Refinanced Vehicles

Refinanced Vehicles has the meaning specified in Section 2.1(b) of the Group IV Master Lease.

Refinanced Vehicles has the meaning specified in Section 2.1 of the Group V Lease.

Refinanced Vehicles means Eligible Vehicles owned by National prior to the Lease Commencement Date which are subject to the lien of the Master Collateral Agent and refinanced by NFLP under the Financing Lease on any day from and including the Lease Commencement Date to the 90 day after the Closing Date.

Refinanced Vehicles has the meaning specified in Section 2.1 of the Group III Master Lease.

Refinanced Vehicles has the meaning specified in Section 2.1 of the Group II Master Lease.

Refinanced Vehicles means Eligible Vehicles (a) owned by National, Alamo, Spirit or Value prior to the Series 1997 Lease Commencement Date under the Series 1997 Lease (i) (A) which are subject to the lien of the Master Collateral Agent (in the case of any such Vehicles owned by National), (B) in which a first priority lien in which has been assigned to the Master Collateral Agent pursuant to the applicable Assignment and Nominee Agreement (in the case of any such Vehicles owned by Alamo, Spirit or Value), and (ii) are refinanced by NFLP under the Financing Lease or the Synthetic Lease on the Series 1997-1 Closing Date, (b) owned by any Additional Lessee prior to the Additional Lessee Closing Date with respect to such Additional Lessee (i) a first priority lien in which has been assigned to the Master Collateral Agent, and (ii) which are refinanced by NFLP under the Financing Lease or the Synthetic Lease on the Additional Lessee Closing Date with respect to such Additional Lessee, (c) owned by NFLP or a Lessee and (i) with respect to which the lien of the Master Collateral Agent is noted on the Certificate of Title and (ii) which are refinanced by NFLP under the Series 1997 Lease on any date after the Series 1997 Lease Commencement Date under the Series 1997 Lease or (d) acquired by a Lessee in a Fleet Purchase Transaction (i) a first priority lien in which has been assigned to the Master Collateral Agent and (ii) which are refinanced by NFLP under the Financing Lease or the Synthetic Lease.

Refinanced Vehicles means Eligible Vehicles (a) owned by Lessor or any Lessee prior to the Lease Commencement Date under the Group I Lease (i) which are (A) subject to the lien of the Master Collateral Agent or (B) listed on Schedule II to the Supplement and a first priority lien on which has been assigned to the Master Collateral Agent and (ii) are refinanced by Lessor under the Group I Lease on the Series 1999-1 Closing Date, (b) owned by any Additional Lessee prior to the Additional Lessee Closing Date with respect to such Additional Lessee (i) a first priority lien in which has been assigned to the Master Collateral Agent, and (ii) which are refinanced by Lessor under the Financing Lease on the Additional Lessee Closing Date with respect to such Additional Lessee, (c) owned by Lessor or a Lessee and (i) with respect to which the lien of the Master Collateral Agent is noted on the Certificate of Title and (ii) which are refinanced by Lessor under the Group I Lease on any date after the Lease Commencement Date under the Group I Lease or (d) acquired by a Lessee in a Fleet Purchase Transaction (i) a first priority lien in which has been assigned to the Master Collateral Agent and (ii) which are refinanced by Lessor under the Financing Lease.