Turnback Date definition
Turnback Date means, with respect to any Lease Vehicle that is a Program Vehicle, the date on which such Lease Vehicle is accepted for return by a Manufacturer or its agent pursuant to its Manufacturer Program.
Turnback Date means, with respect to any Group V Repurchase Vehicle, the date on which such Group V Vehicle is accepted for return by a Manufacturer or its agent pursuant to its Repurchase Program and the Depreciation Charges cease to accrue pursuant to its Repurchase Program.
Turnback Date means, with respect to a Pledged Vehicle that is an Eligible Repurchase Vehicle, the date on which such Pledged Vehicle is accepted for return by a Manufacturer or its agent pursuant to its Repurchase Program and the Depreciation Charges with respect to such Vehicle cease to accrue pursuant to its Repurchase Program.
More Definitions of Turnback Date
Turnback Date means, with respect to any Lease Vehicle or Instalment Sale Vehicle that is a Program Vehicle, the date on which such Lease Vehicle or Instalment Sale Vehicle is accepted for return by a Manufacturer or its agent pursuant to its Manufacturer Program.
Turnback Date means, with respect to any Lease Vehicle that is a HVIF Program Vehicle, the date on which such Lease Vehicle is accepted for return by a Manufacturer or its agent pursuant to its HVIF Manufacturer Program.
Turnback Date has the meaning specified in the Lease.
Turnback Date means, with respect to any Lease Vehicle that is a Program Vehicle, the date on which such Lease Vehicle is accepted for return by a Manufacturer or its agent pursuant to its Manufacturer Program. “U.S. GAAP” means generally accepted accounting principles in the United States of America, used in all calculations relating to Lease Vehicles. “US Risk Retention Rule” means 17 C.F.R. Clause 246. “VAT” means:
Turnback Date means, with respect to any Group IV Repurchase Vehicle, the date on which such Group IV Vehicle is sold at auction or accepted for return by a Manufacturer or its agent pursuant to its Repurchase Program and, in each case, the Depreciation Charges cease to accrue pursuant to its Repurchase Program.
Turnback Date has the meaning specified in the HVIF Lease.
Turnback Date means, with respect to any Series 1997-2 Repurchase Vehicle, the date on which such Vehicle is accepted for return by a Manufacturer or its agent pursuant to its Repurchase Program and the Depreciation Charges cease to accrue pursuant to its Repurchase Program.