Sales Proceeds Advance means the amount advanced by the Servicer to the Issuing Entity on a Deposit Date equal to the Securitization Value of each 2016-A Lease relating to a 2016-A Vehicle that terminated early (but was not a Lease in default) and the amount equal to the Base Residual of each 2016-A Lease relating to a 2016-A Vehicle that matured on its scheduled termination date.
Sales Proceeds Advance means the amount advanced by the Servicer to the Issuing Entity on a Deposit Date equal to the Securitization Value of each 2011-B Lease relating to a 2011-B Vehicle that terminated early (but was not a Lease in default) and the amount equal to the Base Residual of each 2011-B Lease relating to a 2011-B Vehicle that matured on its scheduled termination date. “Schedule of 2011-B Leases and 2011-B Vehicles” means the schedule of 2011-B Leases and 2011-B Vehicles on file with the Indenture Trustee, as it may be amended from time to time (which may be supplied in CD-Rom form) which shall set forth as to each 2011-B Lease or 2011-B Vehicle, as the case may be, (i) the identification number of the 2011-B Lease, (ii) the identification number of the 2011-B Vehicle, (iii) the related Maturity Date and (iv) the value of the 2011-B Lease and the related 2011-B Vehicle on the Servicer’s books as of the Cutoff Date.
Sales Proceeds Advance means the amount advanced by the Servicer to the Issuing Entity on a Deposit Date equal to the Securitization Value of each 2021-A Lease relating to a 2021-A Vehicle that terminated early (but was not a Lease in default) and the amount equal to the Base Residual of each 2021-A Lease relating to a 2021-A Vehicle that matured on its scheduled termination date. “Schedule of 2021-A Leases and 2021-A Vehicles” means the schedule of 2021-A Leases and 2021-A Vehicles on file with the Indenture Trustee, as it may be amended from time to time (which may be supplied in CD-Rom form) which shall set forth as to each 2021-A Lease or 2021-A Vehicle, as the case may be, (i) the identification number of the 2021-A Lease, (ii) the identification number of the 2021-A Vehicle, (iii) the related Maturity Date and (iv) the value of the 2021-A Lease and the related 2021-A Vehicle on the Servicer’s books as of the Cutoff Date.
Examples of Sales Proceeds Advance in a sentence
After 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.
After the Servicer has made a Sales Proceeds Advance with respect to a Matured Vehicle, the Trust 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.
After the Servicer has made a Sales Proceeds Advance with respect to a Matured Vehicle, the Issuer shall have no claim against or interest in such Matured Vehicle or any Sales Proceeds or Termination Proceeds, as the case may be, resulting from the sale or other disposition thereof.
If the Servicer shall sell or otherwise dispose of a Matured Vehicle after having made a Sales Proceeds Advance, the Issuer may retain all of such Sales Proceeds Advance, and the Servicer shall retain the related Sales Proceeds or Termination Proceeds, as the case may be, up to the Securitization Value of the related Lease, and will deposit any Sales Proceeds or Termination Proceeds, as the case may be, in excess of the Securitization Value into the SUBI Collection Account.
If the Servicer has not sold a Matured Vehicle within 90 days after it has made a Sales Proceeds Advance, it shall be reimbursed for such Sales Proceeds Advance as part of the Payment Date Advance Reimbursement in accordance with Section 2.4(b)(i).
More Definitions of Sales Proceeds Advance
Sales Proceeds Advance means the amount advanced by the Servicer to the Issuing Entity on a Deposit Date equal to the Securitization Value of each 20[•]-[•] Lease relating to a 20[•]-[•] Vehicle that terminated early (but was not a Lease in default) and the amount equal to the Base Residual of each 20[•]-[•] Lease relating to a 20[•]-[•] Vehicle that matured on its scheduled termination date. “Schedule of 20[•]-[•] Leases and 20[•]-[•] Vehicles” means the schedule of 20[•]-[•] Leases and 20[•]-[•] Vehicles on file with the Indenture Trustee, as it may be amended from time to time (which may be supplied in CD-Rom form) which shall set forth as to each 20[•]-[•] Lease or 20[•]-[•] Vehicle, as the case may be, (i) the identification number of the 20[•]-[•] Lease, (ii) the identification number of the 20[•]-[•] Vehicle, (iii) the related Maturity Date and (iv) the value of the 20[•]-[•] Lease and the related 20[•]-[•] Vehicle on the Servicer’s books as of the Cutoff Date.
Sales Proceeds Advance means the amount advanced by the Servicer to the Issuing Entity on a Deposit Date equal to the Securitization Value of each 2024-A Lease relating to a 2024-A Vehicle that terminated early (but was not a Lease in default) and the amount equal to the Base Residual of each 2024-A Lease relating to a 2024-A Vehicle that matured on its scheduled termination date. “Schedule of 2024-A Leases and 2024-A Vehicles” means the schedule of 2024-A Leases and 2024-A Vehicles on file with the Indenture Trustee, as it may be amended from time to time (which may be supplied in CD-Rom form) which shall set forth as to each 2024-A Lease or 2024-A Vehicle, as the case may be, (i) the identification number of the 2024-A Lease, (ii) the identification number of the 2024-A Vehicle, (iii) the related Maturity Date and (iv) the value of the 2024-A Lease and the related 2024-A Vehicle on the Servicer’s books as of the Cutoff Date.
Sales Proceeds Advance means the amount advanced by the Servicer to the Issuer on a Deposit Date equal to the Securitization Value of each 2003-A Lease relating to a 2003-A Vehicle that terminated early (but was not a Lease in default) and the amount equal to the Residual Value of each 2003-A Lease relating to a 2003-A Vehicle that matured on its scheduled termination date. "Schedule of 2003-A Leases and 2003-A Vehicles" means the schedule of 2003-A Leases and 2003-A Vehicles attached as Exhibit A to the 2003-A SUBI Supplement and the 2003-A Servicing Supplement (which may be supplied in CD-Rom form) which shall set forth as to each 2003-A Lease or 2003-A Vehicle, as the case may be, (i) the identification number of the 2003-A Lease, (ii) the identification number of the 2003-A Vehicle, (iii) the related Maturity Date and (iv) the value of the 2003-A Lease and the related 2003-A Vehicle on the Servicer's books as of the Cutoff Date.
Sales Proceeds Advance means the amount advanced by the Servicer to the Issuing Entity on a Deposit Date equal to the Securitization Value of each 20[●]-[●] Lease relating to a 27 (NALT 20[●]-[●] Agreement of Definitions) 20[●]-[●] Vehicle that terminated early (but was not a Lease in default) and the amount equal to the Base Residual of each 20[●]-[●] Lease relating to a 20[●]-[●] Vehicle that matured on its scheduled termination date. “Schedule of 20[●]-[●] Leases and 20[●]-[●] Vehicles” means the schedule of 20[●]-[●] Leases and 20[●]-[●] Vehicles on file with the Indenture Trustee, as it may be amended from time to time (which may be supplied in CD-Rom form) which shall set forth as to each 20[●]-[●] Lease or 20[●]-[●] Vehicle, as the case may be, (i) the identification number of the 20[●]-[●] Lease, (ii) the identification number of the 20[●]-[●] Vehicle, (iii) the related Maturity Date and (iv) the value of the 20[●]-[●] Lease and the related 20[●]-[●] Vehicle on the Servicer’s books as of the Cutoff Date.
Sales Proceeds Advance means the amount advanced by the Servicer to the Issuing Entity on a Deposit Date equal to the Securitization Value of each 2014-A Lease relating to a 2014-A Vehicle that terminated early (but was not a Lease in default) and the amount equal to the Base Residual of each 2014-A Lease relating to a 2014-A Vehicle that matured on its scheduled termination date. 25 (NALT 2014-A Agreement of Definitions) “Schedule of 2014-A Leases and 2014-A Vehicles” means the schedule of 2014-A Leases and 2014-A Vehicles on file with the Indenture Trustee, as it may be amended from time to time (which may be supplied in CD-Rom form) which shall set forth as to each 2014-A Lease or 2014-A Vehicle, as the case may be, (i) the identification number of the 2014-A Lease, (ii) the identification number of the 2014-A Vehicle, (iii) the related Maturity Date and (iv) the value of the 2014-A Lease and the related 2014-A Vehicle on the Servicer’s books as of the Cutoff Date.
Sales Proceeds Advance means the amount advanced by the Administrative Agent to the Issuer on a Deposit Date equal to the Securitization Value of a [___]-[_] Lease relating to a [___]-[_] Vehicle that, during the related Collection Period, became an Expired Vehicle and was not sold by the Administrative Agent.
Sales Proceeds Advance means the amount advanced by the Servicer to the Issuer on a Deposit Date equal to the Securitization Value of each 200[ ]-[ ] Lease relating to a 200[ ]-[ ] Vehicle that terminated early (but was not a Lease in default) and the amount equal to the Base Residual of each 200[ ]-[ ] Lease relating to a 200[ ]-[ ] Vehicle that matured on its scheduled termination date. “Schedule of 200[ ]-[ ] Leases and 200[ ]-[ ] Vehicles” means the schedule of 200[ ]-[ ] Leases and 200[ ]-[ ] Vehicles attached as Exhibit A to the 200[ ]-[ ] SUBI Supplement and the 200[ ]-[ ] Servicing Supplement (which may be supplied in CD-Rom form) which shall set forth as to each 200[ ]-[ ] Lease or 200[ ]-[ ] Vehicle, as the case may be, (i) the identification number of the 200[ ]-[ ] Lease, (ii) the identification number of the 200[ ]-[ ] Vehicle, (iii) the related Maturity Date and (iv) the value of the 200[ ]-[ ] Lease and the related 200[ ]-[ ] Vehicle on the Servicer’s books as of the Cutoff Date.