Vehicle Lease Expiration Date definition

Vehicle Lease Expiration Date with respect to each Group II Vehicle, means the earliest of (i) the Disposition Date for such Group II Vehicle, (ii) if such Group II Vehicle becomes a Casualty, the date funds in the amount of the Net Book Value thereof are received by the Lessor, the Master Collateral Agent or the Trustee (including deposit into the Collection Account or the Master Collateral Account) from any of the Lessees in accordance with the Master Lease, and (iii) the Maximum Vehicle Lease Term of the Operating Lease and the Financing Lease, as applicable, as specified in, respectively, paragraph 5 of each of Annex A and Annex B to the Master Lease.

Vehicle Lease Expiration Date has the meaning specified in Clause 3.1(b) (Vehicle Term for Lease Vehicles) of each Master Lease.

Vehicle Lease Expiration Date has the meaning given to it in the applicable Series Supplement.

Examples of Vehicle Lease Expiration Date in a sentence

• If on the Vehicle Lease Expiration Date for any Lease Vehicle, there is Security on such Lease Vehicle, the Lessor may, in its discretion, remove such Security and any sum of money that may be paid by the Lessor in release or discharge thereof, including reasonable attorneys’ fees and costs, will be paid by the Lessee of such Lease Vehicle upon demand by the Lessor.

• The Servicer shall act as the Lessor’s agent in returning or otherwise disposing of each Lease Vehicle on the Vehicle Lease Expiration Date with respect to such Lease Vehicle, in each case in accordance with the Servicing Standard.

• A vehicle shall be deemed hereunder to be a Vehicle leased under this Lease on each day during the period (the “Vehicle Term”) from and including the Vehicle Lease Commencement Date to but excluding the Vehicle Lease Expiration Date.

• If on the Vehicle Lease Expiration Date for any Lease Vehicle, there is a Security on such Lease Vehicle, the Lessor may, in its discretion, remove such Security and any sum of money that may be paid by the Lessor in release or discharge thereof, including reasonable attorneys’ fees and costs, will be paid by the Lessee of such Lease Vehicle upon demand by the Lessor.

• The Servicer shall act as the Lessor’s agent, acting in the Lessor’s name and on the Lessor’s behalf, in returning or otherwise disposing of each Lease Vehicle on the Vehicle Lease Expiration Date with respect to such Lease Vehicle, in each case in accordance with the Servicing Standard.

More Definitions of Vehicle Lease Expiration Date

Vehicle Lease Expiration Date means, with respect to each Group VIII Vehicle, the earliest of (i) the Disposition Date for such Group VIII Vehicle, (ii) if such Group VIII Vehicle becomes a Casualty, the date funds in the amount of the Net Book Value thereof are received by the Lessor, the Master Collateral Agent or the Trustee (including by deposit into the Collection Account or the Master Collateral Account) from any of the Lessees in accordance with the Master Lease, and (iii) the Maximum Vehicle Lease Term for such Vehicle under the Operating Lease or the Financing Lease, as applicable, as specified in, respectively, paragraph 5 of Annex A or Annex B to the Master Lease, as applicable.

Vehicle Lease Expiration Date has the meaning set forth in Section 3.1.

Vehicle Lease Expiration Date with respect to each Vehicle, means the ----------------------------- earliest of (i) the Disposition Date for such Vehicle, (ii) if such Vehicle becomes a Casualty, the date funds in the amount of the Net Book Value thereof are received by the Lessor from the Lessee in accordance with the Lease, and (iii) the last day of the Maximum Vehicle Lease Term.

Vehicle Lease Expiration Date has the meaning specified in Section 3.1 of the BTF Lease.

Vehicle Lease Expiration Date has the meaning specified in Clause 3.1(b) (Vehicle Term for Lease Vehicles) of each Master Lease. “Vehicle Purchasing Agreement” means an agreement pursuant to which a FleetCo or German OpCo purchases Vehicles from a Manufacturer or Dealer including, without limitation, Manufacturer Programmes, Sale Agreements and New Sale and Repurchase Agreements. “Vehicle Term” has the meaning specified in Clause 3.1(b) (Vehicle Term for Lease Vehicles) of each Master Lease. “VIN” means vehicle identification number. “Voting Stock” means, with respect to any Person, shares of Capital Stock entitled to vote generally in the election of directors to the board of directors or equivalent governing body of such Person. 80 CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [*REDACTED*]. 1.2 DUTCH DEFINITIONS “Dutch AAA Component” means each of:

Vehicle Lease Expiration Date with respect to each Series 1997 Vehicle, means the earliest of (i) the Disposition Date for such Vehicle, (ii) if such Vehicle becomes a Casualty, the date funds in the amount of the Net Book Value thereof are received by the Lessor, the Master Collateral Agent or the Trustee (including deposit into the Series 1997-1 Collection Account or the Master Collateral Account) from the Lessee in accordance with the Series 1997 Lease, (iii) with respect to the Synthetic Lease Vehicles only, if the Lessee thereof purchases the Synthetic Lease Vehicle pursuant to Section 6 of Annex C to the Series 1997 Lease, the date on which the Vehicle Purchase Price is received by the Trustee, and (iv) the last day of the maximum Vehicle Lease term of the Operating Lease, the Financing Lease and the Synthetic Lease, as applicable, as specified in, respectively, PARAGRAPH 5 of each of Annex A, Annex B and Annex C to the Series 1997 Lease.

Vehicle Lease Expiration Date with respect to each Vehicle, means the earliest of (i) the Disposition Date for such Vehicle, (ii) if such Vehicle becomes a Casualty, the date funds in the amount of the Net Book Value thereof are received by the Lessor, the Master Collateral Agent or the Trustee (including deposit into the Collection Account or the Master Collateral Account) from the Lessee in accordance with the Lease, and (iii) the maximum Vehicle Lease term of the Operating Lease and the Financing Lease, as applicable, as specified in, respectively, paragraph 5 of each of Annex A and Annex B to the Lease.