Specified Leased Vehicle definition
Specified Leased Vehicle means, with respect to any Series Interest, a Leased Vehicle identified (i) in the Schedule of Leases and Leased Vehicles attached to a Series Supplement with respect to such Series Interest, (ii) in an Allocation Notice as having been added to such Series Interest, or (iii) in a Reallocation Notice as having been reallocated to such Series Interest. However, a Leased Vehicle will no longer be a Specified Leased Vehicle with respect to any Series Interest as of the date on which (i) such Leased Vehicle has been transferred by the Company pursuant to Section 4.3(d) or (ii) such Leased Vehicle has been reallocated to and associated with another Series Interest pursuant to Section 4.3(e).
Specified Leased Vehicle means, with respect to any Specified Interest, a Leased Vehicle identified (i) in the Schedule of Leases and Leased Vehicles attached to a Titling Company Specification Notice with respect to such Specified Interest, (ii) in an Addition Notice as having been added to such Specified Interest, or (iii) in a Reallocation Notice as having been reallocated to such Specified Interest. However, a Leased Vehicle will no longer be a Specified Leased Vehicle with respect to any Specified Interest as of the date on which (i) such Leased Vehicle has been transferred from the Company pursuant to Section 4.3(e) or (ii) such Leased Vehicle has been reallocated to another Specified Interest pursuant to Section 4.3(f).
Specified Leased Vehicle means, with respect to any Series, a Leased Vehicle which is leased pursuant to a Specified Lease.
Examples of Specified Leased Vehicle in a sentence
The beneficial interest in any Specified Lease and Specified Leased Vehicle which is subject to a Term Extension shall be purchased in accordance with Section 4.7. In accordance with the terms of the applicable Lease, the Administrative Agent shall require the Lessee to pay the costs of any Excess Wear and Tear or Excess Mileage associated with the related Leased Vehicle.