Common use of Repurchase Programs Clause in Contracts

Repurchase Programs. With respect to each Group III Repurchase Vehicle leased by each Lessee hereunder (a) unless previously purchased by such Lessee pursuant to this Agreement or redesignated as a Group III Non-Repurchase Vehicle pursuant to Section 14 hereof, turn in such Group III Repurchase Vehicle to the relevant Manufacturer within the Repurchase Period therefor, (b) dispose of such Group III Repurchase Vehicle under the applicable Repurchase Program according to its historical practice and in accordance with the requirements of such Repurchase Program, and (c) comply with all of its (and the Lessor's) obligations under the applicable Repurchase Program.

Repurchase Programs. With respect to each Group III IV Repurchase Vehicle leased by each Lessee hereunder (a) unless previously purchased by such Lessee pursuant to this Agreement or Agreement, redesignated as a Group III IV Non-Repurchase Vehicle pursuant to Section 14 hereofhereof or, in the case of any Group IV Type II Repurchase Vehicle, otherwise disposed of outside the applicable Repurchase Program in accordance with 3.2, turn in such Group III IV Repurchase Vehicle to the relevant Manufacturer within the Repurchase Period therefor, (b) dispose of such Group III IV Repurchase Vehicle under the applicable Repurchase Program according to its historical practice and in accordance with the requirements of such Repurchase Program, and (c) comply with all of its (and the Lessor's) obligations under the applicable Repurchase Program.