Conditions to Each Lease of Vehicles. The agreement of the Lessor to make available (a) any Acquired Vehicle for lease to the applicable Lessee and (b) financing for the acquisition of or refinancing of any other Vehicle for lease to such Lessee upon such Lessee’s placement of a Vehicle Order, for itself or as agent of the Lessor, or its delivery of a Refinancing Schedule, as applicable, is subject to the applicable terms and conditions of each Group VII Indenture and subject to the satisfaction of the following conditions precedent as of the Vehicle Lease Commencement Date for such Vehicle:
Conditions to Each Lease of Vehicles. The agreement of the Lessor to make available any Vehicles for lease to a Lessee as described in a Vehicle Order and/or to make available funding for the refinancing of Refinanced Vehicles is subject to the terms and conditions of the Indenture and the following conditions precedent as of the Vehicle Funding Date for such Vehicles, and each Lessee hereby agrees that each acceptance of Refinanced Vehicles for leasing hereunder and each acceptance of funds for the acquisition of Vehicles in respect of any applicable Vehicle Orders, shall be deemed hereunder to constitute a representation and warranty by it, to and in favor of the Lessor and the Trustee, that all the conditions precedent to the acquisition and leasing of the Vehicles identified in such Vehicle Order will have been satisfied as of such Vehicle Funding Date,
Conditions to Each Lease of Vehicles. The agreement of the Lessor to make available any Acquired Vehicles for lease to a Lessee as described in a Vehicle Order, to make available financing for the acquisition or refinancing of any Financed Vehicles for lease to a Lessee as described in a Vehicle Order, and/or to make available funding for the financing or refinancing of Refinanced Vehicles and Eligible Receivables, is subject to the terms and conditions of the Indenture and the following conditions precedent as of the Vehicle Funding Date for such Vehicles, and each Lessee hereby agrees that each acceptance of Refinanced Vehicles for leasing hereunder and each acceptance of funds for the acquisition of Acquired Vehicles, or the financing or refinancing of Financed Vehicles or Eligible Receivables, in respect of any applicable Vehicle Orders, shall be deemed hereunder to constitute a representation and warranty by it, to and in favor of the Lessor and the Trustee, that all the conditions precedent to the acquisition, financing or refinancing and leasing of the Vehicles and Eligible Receivables identified in such Vehicle Order will have been satisfied as of such Vehicle Funding Date.
Conditions to Each Lease of Vehicles. The agreement of the Lessor to make available any Acquired Vehicle for lease to a Lessee, to make available financing for the acquisition or refinancing of any Financed Vehicle or Synthetic Lease Vehicle for lease to a Lessee as described in a Vehicle Order, or to make available funding for the financing or refinancing of Refinanced Vehicles and Eligible Receivables, is subject to the terms and conditions of the Indenture and the following conditions precedent as of the Vehicle Funding Date for such Vehicle and each Lessee hereby agrees that each delivery of a Master Servicer direction to the Trustee pursuant to a Series 1997 Variable Funding Supplement requesting the Trustee to make available to the Lessor funds for the making of Series 1997 Lease Advances or the acceptance of proceeds of Series 1997 Lease Advances in respect of any applicable Vehicle Orders or Refinanced Vehicle Schedules shall be deemed hereunder to constitute a representation and warranty by it, to and in favor of the Lessor and the Trustee, that all the conditions precedent to the acquisition and leasing of the Vehicles and Eligible Receivables identified in such Vehicle Order or Refinanced Vehicle Schedule have been satisfied as of the date of such Vehicle Order or Refinanced Vehicle Schedule:
