Vehicle Funding Date definition
Examples of Vehicle Funding Date in a sentence
Each Group IV Vehicle is or will be, on the Vehicle Funding Date therefor hereunder, a Group IV Eligible Vehicle, and each party sharing a Group IV Vehicle with a Group IV Lessee (other than an Other Permitted User using, pursuant to SECTION 8, Group IV Vehicles leased by such Named Group IV Lessee) is or will be, as the case may be, a Fleet Sharing Party on the date that the Fleet Sharing Agreement applicable to such Group IV Vehicle commences.
On or prior to the applicable Vehicle Funding Date, the Group IV Lessor or, with respect to Group IV Financed Vehicles (other than the Company Vehicles), the applicable Group IV Lessee, as the case may be, shall have good and marketable title to each such Group IV Vehicle, free and clear of all Liens and encumbrances, other than any Permitted Liens.
On any Vehicle Funding Date after the Lease Commencement Date on which the Lessor desires to refinance Refinanced Vehicles the Lessor, subject to satisfaction of the requirements of Section 4, on the related Vehicle Funding Date, shall pay to or as directed by the related Beneficiary an amount equal to the aggregate Net Book Value as of such Vehicle Funding Date of such Refinanced Vehicles.
Each Vehicle is or will be, on the Vehicle Funding Date therefor hereunder, an Eligible Vehicle, and each party sharing a Vehicle with a Lessee (other than an Other Permitted User using, pursuant to Section 8, Vehicles leased by such Named Lessee) is or will be, as the case may be, a Fleet Sharing Party on the date that the Fleet Sharing Agreement applicable to such Vehicle commences.
The "Vehicle Lease Commencement Date" shall mean, for each Vehicle, the earlier of (a) the date referenced in the Vehicle Acquisition Schedule or Refinancing Schedule with respect to such Vehicle, and (b) the date that funds are expended by the Lessor to acquire or finance the acquisition of such Vehicle (with respect to such Vehicle, the "Vehicle Funding Date").
On or prior to the applicable Vehicle Funding Date, each Lessee desiring to lease Non-Program Vehicles (other than Refinanced Vehicles or Used Vehicles) under this Lease shall prepare and, upon request of the Lessor, make available to the Lessor (i) a summary of each such additional Non-Program Vehicle to be leased hereunder by such Lessee and the Capitalized Cost thereof, (ii) a Vehicle Order for such Non-Program Vehicles and (iii) an invoice for the Capitalized Cost of such Non-Program Vehicles.
On or prior to the applicable Vehicle Funding Date, the Lessor, if it desires to lease Refinanced Vehicles to a Lessee under this Lease, shall prepare or, as applicable, cause such Lessee to prepare, and upon request of the Lessor, make available to the Lessor, a schedule as set forth in Attachment A-1 hereto containing information concerning the Refinanced Vehicles of the Lessor to be leased to such Lessee under this Lease on such Vehicle Funding Date (each such schedule, a “Refinanced Vehicle Schedule”).
Each Vehicle is or will be, on the Vehicle Funding Date therefor hereunder, an Eligible Vehicle.
Each Vehicle is or will be, on the Vehicle Funding Date therefor hereunder, an Eligible Vehicle, and each party sharing a Vehicle with the Lessor is or will be, as the case may be, a Fleet Sharing Party on the date that the Fleet Sharing Agreement applicable to such Vehicle commences.
On or prior to the applicable Vehicle Funding Date, each Lessee desiring to lease Non-Program Vehicles (other than Refinanced Vehicles or Auction Acquired Vehicles) under this Lease shall prepare and, upon request of the Lessor, make available to the Lessor (i) a summary of each additional Non-Program Vehicle to be leased hereunder by such Lessee and the Capitalized Cost thereof, (ii) a Vehicle Order for such NonProgram Vehicles and (iii) an invoice for the Capitalized Cost of such Non-Program Vehicles.