Program Vehicles Clause Samples
Program Vehicles. On or prior to the applicable Vehicle Funding Date, each Group IV Lessee desiring to lease Program Vehicles (other than Group IV Refinanced Vehicles) under this Lease shall prepare and, upon request of the Group IV Lessor, make available to the Group IV Lessor (i) a summary of each such additional Program Vehicle to be leased hereunder by such Group IV Lessee (including, in the case of each such Program Vehicle subject to the GM Repurchase Program, the Designated Period for such Program Vehicle) and the Capitalized Cost thereof, (ii) a schedule containing the information with respect to the Group IV Vehicles included within the related Vehicle order summaries in the form set forth in ATTACHMENT A-2 hereto, or in such form as is otherwise requested by the Group IV Lessor (each such Group IV Vehicle order summary and each Group IV Refinanced Vehicle Schedule, a "VEHICLE ORDER"), and (iii) the Manufacturer's invoice and the date of original invoicing. In addition, the applicable Group IV Lessee shall provide such other information regarding Program Vehicles as the Group IV Lessor may reasonably require from time to time. This Lease, together with the Manufacturer Programs and other incentive programs relating to such Group IV Vehicles and any other related documents attached to this Lease or submitted with a Vehicle Order (collectively, the "SUPPLEMENTAL DOCUMENTS"), will constitute the entire agreement regarding the leasing of Program Vehicles by the Group IV Lessor to the Group IV Lessees.
Program Vehicles. On or prior to the applicable Vehicle Funding Date, each Lessee desiring to lease Program Vehicles (other than Refinanced Vehicles) under this Lease shall prepare and, upon request of the Lessor, make available to the Lessor (i) a summary of each such additional Program Vehicle to be leased hereunder by such Lessee (including, in the case of each such Program Vehicle subject to the GM Repurchase Program, the Designated Period for such Program Vehicle) and the Capitalized Cost thereof, (ii) a schedule containing the information with respect to the Vehicles included within the related Vehicle order summaries in the form set forth in Attachment A-2 hereto, or in such form as is otherwise requested by the Lessor (each such Vehicle order summary and each Refinanced Vehicle Schedule, a “Vehicle Order”), and (iii) the Manufacturer’s invoice. In addition, the applicable Lessee shall provide such other information regarding Program Vehicles as the Lessor may reasonably require from time to time. This Lease, together with the Manufacturer Programs and other incentive programs relating to such Vehicles, the Master Collateral Agency Agreement and any other related documents attached to this Lease or submitted with a Vehicle Order (collectively, the “Supplemental Documents”), will constitute the entire agreement regarding the leasing of Program Vehicles by the Lessor to the Lessees.
Program Vehicles. Unless such Vehicle is redesignated as a Non-Program Vehicle in accordance with Section 14 or the Lessee thereof exercises its option to purchase such Vehicle as permitted by, and pursuant to the requirements of, this Lease, or such Vehicle is sold in the ordinary course outside the Manufacturer Program for proceeds that equal or exceed the payment that would be obtained from the Manufacturer under the Manufacturer Program as contemplated by Section 27, then prior to the end of the Vehicle Term, each Lessee will, or will cause the related Fleet Sharing Party to, deliver each Program Vehicle leased by it hereunder (other than a Casualty or a Vehicle that has ceased to be an Eligible Vehicle) to the nearest related Manufacturer official auction or other facility designated by such Manufacturer at the Lessee’s sole expense and in accordance with the terms of the applicable Manufacturer Program; provided, that the timing of such delivery by the Lessee will be at its option so long as such delivery is made in accordance with Section 24.5. Any transportation allowance (for delivery costs), auction assistance allowance and any other allowances offered under a Manufacturer Program (other than incentive payments for selling Program Vehicles outside the related Manufacturer Program), and any rebates or credits applicable to the unexpired term of any license plates for a Vehicle shall inure to the benefit of the Lessee thereof and, to the extent received by the Lessor, the Trustee or the Master Collateral Agent, shall promptly be paid over to the applicable Lessee. Each Lessee will comply with the requirements of law and the requirements of the Manufacturer Programs in connection with, among other things, the delivery of Certificates of Title, documents of transfer signed as necessary, signed Condition Reports, and signed odometer statements for the Vehicles.
Program Vehicles. Unless such Vehicle is redesignated as a Non-Program Vehicle in accordance with Section 14 or the Lessee thereof exercises its option to purchase such Vehicle as permitted by, and pursuant to the requirements of, this Lease, or such Vehicle is sold in the ordinary course outside the Manufacturer Program for proceeds that equal or exceed the payment that would be obtained from the Manufacturer under the Manufacturer Program as contemplated by Section 27, then prior to the end of the Vehicle Term, each Lessee will or will cause the related Fleet Sharing Party to deliver each Program Vehicle leased by it hereunder (other than a Casualty or a Vehicle that has ceased to be an Eligible Vehicle) to the nearest related Manufacturer official auction or other facility designated by such Manufacturer at the Lessee's sole expense and in accordance with the terms of the applicable Manufacturer Program; provided, that the timing of such delivery by the Lessee will be at its option so long as such delivery is made in accordance with Section 24.5 hereof. Any transportation allowance (for delivery costs), auction assistance allowance and any other allowances offered under a Manufacturer Program, and any rebates or credits applicable to the unexpired term of any license plates for a Vehicle shall inure to the benefit of the Lessee thereof and, to the extent received by the Lessor, the Trustee or the Master Collateral Agent, shall promptly be paid over to the applicable Lessee. Each Lessee will comply with the requirements of law and the requirements of the Manufacturer Programs in connection with, among other things, the delivery of Certificates of Title, documents of transfer signed as necessary, signed Condition Reports, and signed odometer statements for the Vehicles.