Common use of Minimum Depreciation Rate Clause in Contracts

Minimum Depreciation Rate. The Servicer agrees that the Depreciation Schedules with respect to Non-Program Vehicles leased under this Lease shall be established such that the weighted average Depreciation Charges accruing with respect to the Non-Program Vehicles during each Related Month shall be at least equal to the lesser of (a) 1.25% and (b) such lower percentage in respect of which the Rating Agency Confirmation and Consent Condition with respect to each Series of Group I Notes shall have been satisfied.

Minimum Depreciation Rate. The Servicer agrees that the Depreciation Schedules with respect to Non-Program Vehicles leased under this Lease shall be established such that the weighted average Depreciation Charges accruing with respect to the Non-Program Vehicles during each Related Month shall be at least equal to the lesser of (a) 1.25% and (b) such lower percentage in respect of which the Rating Agency Confirmation and Consent Condition with respect to each Series of Group I Notes shall have been satisfied.

Minimum Depreciation Rate. The Each Servicer agrees and the Master Servicer agree that the Depreciation Schedules scheduled daily depreciation charge with respect to Non-Program Vehicles leased under this Lease shall be established such that (i) the Depreciation Charges accruing with respect to each such Non-Program Vehicle during each Related Month shall be at least equal to 1.00%, and (ii) the weighted average Depreciation Charges accruing with respect to the all such Non-Program Vehicles during each Related Month shall be at least equal to the lesser of (a) 1.251.50% and (b) such lower percentage in respect of which the Rating Agency Confirmation and Consent Condition with respect to each Group VII Series of Group I Notes shall have been satisfied.

Minimum Depreciation Rate. The Each Servicer agrees and the Master Servicer agree that the Depreciation Schedules scheduled daily depreciation charge with respect to Non-Program Vehicles leased under this Lease shall be established such that (i) the daily Depreciation Charge with respect to each such Non-Program Vehicle during each Related Month shall be at least equal to 1.00%, and (ii) the weighted average Depreciation Charges accruing with respect to the all such Non-Program Vehicles during each Related Month shall be at least equal to the lesser of (a) 1.25% and (b) such lower percentage in respect of which the Rating Agency Confirmation and Consent Condition with respect to each Group V Series of Group I Notes shall have been satisfied.

Minimum Depreciation Rate. The Each Servicer agrees and the Master Servicer agree that the Depreciation Schedules with respect to Non-Program Vehicles leased under this Lease shall be established such that the weighted average Depreciation Charges accruing with respect to the each Non-Program Vehicles Vehicle during each Related Month shall be at least equal to the lesser of (a) 1.25% and (b) such lower percentage in respect of which the Rating Agency Confirmation and Consent Condition with respect to each Series of Group I Notes shall have been satisfied%.

Minimum Depreciation Rate. The Servicer Lessor agrees that the Depreciation Schedules with respect to Non-Program Vehicles leased under this Lease Agreement shall be established such that the weighted average Depreciation Charges accruing with respect to the each Non-Program Vehicles Vehicle during each Related Month shall be based on a percentage at least equal to the lesser of (a) 1.251.67% and (b) or such lower percentage in respect of which the Rating Agency Confirmation and Consent Condition with respect to each Series of Group I Notes Outstanding shall have been satisfied.

Minimum Depreciation Rate. The Each Servicer agrees and the Master Servicer agree that the Depreciation Schedules scheduled daily depreciation charge with respect to Non-Program Vehicles leased under this Lease shall be established such that (i) the Depreciation Charges accruing with respect to each such Non-Program Vehicle during each Related Month shall be at least equal to 1.00%, and (ii) the weighted average Depreciation Charges accruing with respect to the all such Non-Program Vehicles during each Related Month shall be at least equal to the lesser of (a) 1.25% and (b) such lower percentage in respect of which the Rating Agency Confirmation and Consent Condition with respect to each Group VII Series of Group I Notes shall have been satisfied.