Early Termination Lease Clause Samples
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Early Termination Lease a Lease as to which there has been an Early ----------------------- Lease Termination. Eligible Lease - a Lease that satisfies the representations and -------------- warranties set forth in Section 2.04, 2.05(b) and 2.08 and, in the case of a Substitute Lease or Additional Lease, the applicable requirements of Section 11. Equipment - all units or items of equipment and related property from --------- time to time subject to any Lease. ERISA - the Employee Retirement Income Security Act of 1974, as ----- amended.
Early Termination Lease. The Servicer may, in its sole discretion, permit an Included Lease to become an Early Termination Lease (which shall not include an Included Lease that becomes an Early Termination Lease due to a Casualty Loss), so long as, unless another Included Lease is substituted therefor as described in Section 2.7, (i) the Servicer deposits in the Collection Account, not later than the second Business Day after the Date of Processing thereof by the Servicer, the sum of (A) the Discounted Lease and Residual Balance of such Included Lease as of the Determination Date in the month prior to the month in which such Included Lease becomes an Early Termination Lease and (B) the amount of any Hedge Termination Payment owing in respect thereof and (ii) at the time the Servicer permits an Included Lease to become an Early Termination Lease the Discounted Lease Balance of all Included Leases which have become Early Termination Leases (and for which substitute Included Leases have not been transferred to the Trust) for the period of twelve months ending with the current Monthly Period does not exceed 4% of the Aggregate Pool Balance as of the last day of the preceding Monthly Period.
Early Termination Lease. A Lease that has been terminated prior to its Stated Maturity Date [but not a default], in accordance with Section 3.2(d).
Early Termination Lease a Lease which is the subject of an early termination prior to its original stated maturity due to the payment of a Termination Payment by the Lessee under such Lease.