Relinquished Vehicle definition

Relinquished Vehicle has the meaning specified in the Master Exchange Agreement; provided, however, that, “Relinquished Vehicle” shall include only a Closed-End Vehicle that was allocated to the Closed-End Collateral Specified Interest at the time of the disposition thereof.
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Relinquished Vehicle means a Vehicle that is “Relinquished Property” under and as defined in Appendix A to the Master Exchange Agreement.
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Relinquished Vehicle shall have the meaning ascribed to such term in the Exchange Agreement.
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Examples of Relinquished Vehicle in a sentence

  • The foregoing release shall cease to apply at such time as any such Relinquished Vehicle Proceeds have been deposited into the Lease Funding Account, the Company Account or any Exchange Note Account, in each case in accordance with the Master Exchange Agreement.

  • The foregoing release shall cease to apply at such time as any such Relinquished Vehicle Proceeds have been deposited into the Lease Funding Account, the Company 10 Security Agreement Account or any Exchange Note Account, in each case in accordance with the Master Exchange Agreement.

  • Each such transfer shall be made by a "Notice of Relinquished Vehicle Identification and Transfer", substantially in the form of ANNEX 1 hereto (a "TRANSFER NOTICE").

  • In furtherance of the authorization and direction made in Section 2.2(c) hereof, to the extent AESOP Leasing is deemed to retain any interest in the Relinquished Vehicle Property, it hereby authorizes the Intermediary to make each assignment and pledge pursuant to Section 2.2(c) hereof as (solely for such purpose) agent of AESOP Leasing.

  • Notwithstanding the foregoing, with respect to any Vehicle that, when acquired by the Lessor, was a Replacement Vehicle, and with respect to any other Vehicle that the Lessor may wish to designate as an Identified Relinquished Vehicle, any Lessee's right to purchase shall be solely in the discretion of the Lessor.

  • Pursuant to the Indenture and the other Related Documents, any and all Relinquished Vehicle Receivables Collections are to be paid directly to the Trustee for deposit into the Collection Account (or initially paid to the Lockbox Account and paid by the Lockbox Bank in accordance with the terms of the Lockbox Agreement to the Trustee for deposit into the Collection Account).

  • In such event, prior to the expiration of the relevant Identification Period, AESOP Leasing, pursuant to a written notice substantially in the form of ANNEX 2 attached hereto, may rescind the prior identification to the Intermediary of such Identified Relinquished Vehicle (and the assignment of related rights pursuant to the relevant Manufacturer Purchase Agreement).

  • The Intermediary, the Lender Agent and each Relinquished Vehicle Receivables Lender by accepting this Agreement and any and all benefits hereunder waives and releases any and all such liability.

  • In accordance with Section 3.3 hereof, no later than the date upon which the transfer occurs of any Relinquished Vehicle to or for the benefit of the Intermediary, AESOP Leasing shall (or shall cause its nominee to) transfer and provide title to such Relinquished Vehicle to the transferee of the Intermediary free of any liens or encumbrances in favor of the Trustee or of any other Person.

  • If following the termination of this Agreement, the Intermediary receives any funds or other property constituting proceeds of Relinquished Vehicle Receivables or otherwise relating to the subject matter of this Agreement (excluding, however, any payments of Special Service Charges), it shall promptly pay such funds to the Trustee for deposit into the Collection Account.


More Definitions of Relinquished Vehicle

Relinquished Vehicle means each Vehicle transferred by AESOP Leasing to the Intermediary in contemplation of the exchange thereof for Replacement Vehicles (which transfer is not rescinded pursuant to Section 3.6 of this Agreement).
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Related to Relinquished Vehicle

  • Covered Vehicle means a private passenger vehicle (including mini-vans, pickup trucks and sport utility vehicles) which is registered or rented to You during Your Trip, which is rated ¾ ton in weight or less, not used for racing, dealer services, dealer loaners, taxi, limousine, shuttle, delivery, hauling, towing, road repair service, construction service, snow removal, or as a public livery vehicle, or any other commercial use.

  • Leased Vehicle means a new or used Nissan or Infiniti automobile, sport utility vehicle, minivan or light-duty truck, together with all accessories, parts and additions constituting a part thereof, and all accessions thereto, leased to a Lessee pursuant to a Lease.

  • Used vehicle means a Vehicle other than a New Vehicle.

  • the vehicle means the vehicle named in the licence.

  • Light vehicle means a motor vehicle commonly referred to as an automobile, van, sport utility

  • 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.

  • Hybrid vehicle (HV) means a vehicle equipped with a powertrain containing at least two different categories of propulsion energy converters and at least two different categories of propulsion energy storage systems.

  • Transfer Vehicle means any vehicle that operates in space and transfers Payloads or persons or both between two different space objects, between two different locations on the same space object, or between a space object and the surface of a celestial body. A Transfer Vehicle also includes a vehicle that departs from and returns to the same location on a space object.

  • Salvage vehicle means any vehicle which is within the last ten (10) model years and which has been damaged by collision or other occurrence to the extent that the cost of repairing the vehicle for safe operation on the highway exceeds sixty percent (60%) of its fair market value, as defined by Section 1111 of this title, immediately prior to the damage. For purposes of this section, actual repair costs shall only include labor and parts for actual damage to the suspension, motor, transmission, frame or unibody and designated structural components;

  • Rental Vehicle means a New Vehicle less than two years old owned by a New Vehicle Borrower and purchased directly from a manufacturer as a New Vehicle and that is used as a service loaner vehicle or is periodically subject to a rental contract with customers of the New Vehicle Borrower for loaner or rental periods of up to thirty (30) consecutive days or is used by dealership personnel in connection with parts and service operations.