Sales Proceeds Advance means the amount advanced by the Servicer to the Issuer on a Deposit Date equal to the Securitization Value of a 20[__]-[__] Lease that was terminated during the related Collection Period and for which the related 20[__]-[__] Vehicle was not sold by the Servicer.

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-A Lease relating to a 2011-A Vehicle that terminated early (but was not a Lease in default) and the amount equal to (NALT 2011-A Agreement of Definitions) the Base Residual of each 2011-A Lease relating to a 2011-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 2017-B Lease relating to a 2017-B Vehicle that terminated early (but was not a Lease in default) and the amount equal to the Base Residual of each 2017-B Lease relating to a 2017-B Vehicle that matured on its scheduled termination date. “Schedule of 2017-B Leases and 2017-B Vehicles” means the schedule of 2017-B Leases and 2017-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 2017-B Lease or 2017-B Vehicle, as the case may be, (i) the identification number of the 2017-B Lease, (ii) the identification number of the 2017-B Vehicle, (iii) the related Maturity Date and (iv) the value of the 2017-B Lease and the related 2017-B Vehicle on the Servicer’s books as of the Cutoff Date.

Examples of Sales Proceeds Advance in a sentence

If the Servicer has not sold a 20[__]-[__] 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).
After the Servicer has made a Sales Proceeds Advance with respect to a 20[__]-[__] Vehicle, the Issuer shall have no claim against or interest in such 20[__]-[__] Vehicle or any Sales Proceeds or Termination Proceeds, as the case may be, resulting from the sale or other disposition thereof.

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 2023-A Lease relating to a 2023-A Vehicle that terminated early (but was not a Lease in default) and the amount equal to the Base Residual of each 2023-A Lease relating to a 2023-A Vehicle that matured on its scheduled termination date. “Schedule of 2023-A Leases and 2023-A Vehicles” means the schedule of 2023-A Leases and 2023-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 2023-A Lease or 2023-A Vehicle, as the case may be, (i) the identification number of the 2023-A Lease, (ii) the identification number of the 2023-A Vehicle, (iii) the related Maturity Date and (iv) the value of the 2023-A Lease and the related 2023-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 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 2013-B Lease relating to a 2013-B Vehicle that terminated early (but was not a Lease in default) and the amount equal to the Base Residual of each 2013-B Lease relating to a 2013-B Vehicle that matured on its scheduled termination date. (NALT 2013-B Agreement of Definitions) “Schedule of 2013-B Leases and 2013-B Vehicles” means the schedule of 2013-B Leases and 2013-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 2013-B Lease or 2013-B Vehicle, as the case may be, (i) the identification number of the 2013-B Lease, (ii) the identification number of the 2013-B Vehicle, (iii) the related Maturity Date and (iv) the value of the 2013-B Lease and the related 2013-B 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 1999-A Lease relating to a 1999-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 Issuing Entity on a Deposit Date equal to the Securitization Value of each 2024-B Lease relating to a 2024-B Vehicle that terminated early (but was not a Lease in default) and the amount equal to the Base Residual of each 2024-B Lease relating to a 2024-B Vehicle that matured on its scheduled termination date. “Schedule of 2024-B Leases and 2024-B Vehicles” means the schedule of 2024-B Leases and 2024-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 2024-B Lease or 2024-B Vehicle, as the case may be, (i) the identification number of the 2024-B Lease, (ii) the identification number of the 2024-B Vehicle, (iii) the related Maturity Date and (iv) the value of the 2024-B Lease and the related 2024-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 2019-B Lease relating to a 2019-B Vehicle that terminated early (but was not a Lease in default) and the amount equal to the Base Residual of each 2019-B Lease relating to a 2019-B Vehicle that matured on its scheduled termination 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.