Examples of Retail Leases in a sentence
The Titling Trust is a statutory business trust duly formed, validly existing and in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are presently owned and such business is presently conducted, and had at all relevant times, and now has, power, authority and legal right to acquire and own the Retail Leases.
Receivables to be purchased by the Servicer under Section 2.08 hereof, by NFC pursuant to Section 5.04 of the Purchase Agreement or by NFRRC under Section 2.06 of the Pooling Agreement as of the last day of any Monthly Period shall be identified by Receivable number with respect to Retail Notes and by asset number with respect to Retail Leases (in each case, as set forth in the Composite Schedule of Receivables).
With respect to Retail Leases, Prepayments (not constituting Full Prepayments) received in excess of Scheduled Payments will be held in the Collection Account and applied as Collected Amount in the Monthly Period during which the applicable prepaid Scheduled Payment is due.
Harco Leasing shall at all times maintain each office where it keeps Retail Leases and its jurisdiction of formation within the United States of America.
The Titling Trust is a statutory trust duly formed, validly existing and in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are presently owned and such business is presently conducted, and had at all relevant times, and now has power, authority and legal right to acquire and own the Retail Leases.
The information set forth in the Schedule of Retail Leases and the Schedule of Retail Notes relating to such Designated Receivables is true and correct in all material respects.
NFC has been duly organized and is validly existing as a corporation and in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are presently owned and such business is presently conducted, and had at all relevant times, and now has, power, authority and legal right to acquire and own such Designated Retail Leases.
Within two Business Days after each Lease Purchase Date, Harco Leasing shall transfer to the Indenture Trustee for deposit in the Collection Account all collections (from whatever source) on or with respect to the related Designated Retail Leases and Related Titling Trust Assets held by Harco Leasing on such Lease Purchase Date and conveyed to NFC pursuant to Section 2.01 or 2.02.
Harco Leasing shall, at its own expense, on or prior to each Lease Purchase Date, indicate in its computer files that the beneficial interest in the Designated Retail Leases being allocated on such date has been sold to NFC pursuant to this Agreement.
The Servicer shall deliver to the Owner Trustee, the Indenture Trustee and the Collateral Agent (provided that the Servicer need deliver to the Collateral Agent just the portion of the Composite Schedule of Leases which lists Retail Leases) an updated Composite Schedule of Receivables on or before each Purchase Date and each Distribution Date.