Common use of Right of Lessees to Act as Lessor’s Agent Clause in Contracts

Right of Lessees to Act as Lessor’s Agent. The Lessor agrees that any member of the Lessee Group may act as the Lessor's agent in placing Series 1996-1 Vehicle Orders on behalf of the Lessor, as well as filing claims on behalf of the Lessor for damage in transit, and other Manufacturer delivery claims related to the Vehicles leased hereunder; provided, however, that the Lessor may hold the Lessee Group liable for losses due to such member of the Lessee Group's actions in performing as the Lessor's agent hereunder. In addition, the Lessor agrees that each Lessee may make arrangements for delivery of Vehicles to a location selected by the relevant Lessee at such Lessee's expense. Each Lessee agrees to accept Non-Repurchase Vehicles as produced and delivered, subject to the right of such Lessee to reject any such Non-Repurchase Vehicles damaged in transit or not conforming to the related Vehicle Order. Each Lessee agrees to accept Repurchase Vehicles as produced and delivered except each Lessee will have the option to reject any Repurchase Vehicle that may be rejected pursuant to the terms of the applicable Repurchase Program. The relevant Lessee, acting as agent for the Lessor, shall be responsible for pursuing any rights of the Lessor with respect to the return of any Repurchase Vehicle to the Manufacturer pursuant to the preceding sentence. Subject to the provisions of Section 21 hereof (regarding Eligibility Waiver Events), any member of the Lessee Group that places a Vehicle Order for a Repurchase Vehicle pursuant to this Agreement agrees that all Repurchase Vehicles ordered as provided herein shall be ordered utilizing the procedures consistent with the applicable Eligible Repurchase Program.

Appears in 1 contract

Samples: Vehicle Lease Agreement (Team Rental Group Inc)

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Right of Lessees to Act as Lessor’s Agent. The Lessor agrees that any member of the Lessee Group may act xxx xxt as the Lessor's agent in placing Series 1996-1 Group IV Vehicle Orders on behalf of the Lessor, as well as filing claims on behalf of the Lessor for damage in transit, and other Manufacturer delivery claims related to the Group IV Vehicles leased hereunder; provided, however, that the Lessor may hold the Lessee Group liable for losses due to such member of the Lessee Group's actions in performing as the Lessor's agent hereunder. In addition, the Lessor agrees that each Lessee may make arrangements for delivery of Group IV Vehicles to a location selected by the relevant Lessee at such Lessee's expense. Each Lessee agrees to accept Group IV Non-Repurchase Vehicles Xxxxxles as produced and delivered, subject to the right of such Lessee to reject any such Group IV Non-Repurchase Vehicles damaged in transit or not conforming to the related Group IV Vehicle Order. Each Lessee agrees to accept Group IV Repurchase Vehicles as produced and delivered except each Lessee will have the option to reject any Group IV Repurchase Vehicle that may be rejected pursuant to the terms of the applicable Repurchase Program. The relevant Lessee, acting as agent for the Lessor, shall be responsible for pursuing any rights of the Lessor with respect to the return of any Group IV Repurchase Vehicle to the Manufacturer pursuant to the preceding sentencetwo sentences. Subject to the provisions of Section 21 hereof (regarding Eligibility Waiver Events), any Any member of the Lessee Group that places a Group IV Vehicle Order for a Group IV Repurchase Vehicle pursuant to this Agreement agrees that all Group IV Repurchase Vehicles ordered as provided herein shall be ordered utilizing the procedures consistent with the applicable Eligible Repurchase Program.

Appears in 1 contract

Samples: Vehicle Lease Agreement (Budget Group Inc)

Right of Lessees to Act as Lessor’s Agent. The Lessor agrees that any member of the Lessee Group may act as the Lessor's agent in placing Series 1996-1 Group II Vehicle Orders on behalf of the Lessor, as well as filing claims on behalf of the Lessor for damage in transit, and other Manufacturer delivery claims related to the Group II Vehicles leased hereunder; provided, however, that the Lessor may hold the Lessee Group liable for losses due to such member of the Lessee Group's actions in performing as the Lessor's agent hereunder. In addition, the Lessor agrees that each Lessee may make arrangements for delivery of Group II Vehicles to a location selected by the relevant Lessee at such Lessee's expense. Each Lessee agrees to accept Non-Repurchase Vehicles as produced and delivered, subject to the right of such Lessee to reject any such Non-Repurchase Vehicles damaged in transit or not conforming to the related Vehicle Order. Each Lessee agrees to accept Group II Repurchase Vehicles as produced and delivered except each Lessee will have the option to reject any Group II Repurchase Vehicle that may be rejected pursuant to the terms of the applicable Repurchase Program. The relevant Lessee, acting as agent for the Lessor, shall be responsible for pursuing any rights of the Lessor with respect to the return of any Group II Repurchase Vehicle to the Manufacturer pursuant to the preceding sentence. Subject to the provisions of Section 21 hereof (regarding Eligibility Waiver Events), any Any member of the Lessee Group that places a Group II Vehicle Order for a Group II Repurchase Vehicle pursuant to this Agreement agrees that all Group II Repurchase Vehicles ordered as provided herein shall be ordered utilizing the procedures consistent with the applicable Eligible Repurchase Program.

Appears in 1 contract

Samples: Vehicle Lease Agreement (Budget Group Inc)

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Right of Lessees to Act as Lessor’s Agent. The Lessor agrees that any member of the Lessee Group may act as the Lessor's agent in placing Series 1996-1 Group III Vehicle Orders on behalf of the Lessor, as well as filing claims on behalf of the Lessor for damage in transit, and other Manufacturer delivery claims related to the Group III Vehicles leased hereunder; provided, however, that the Lessor may hold the Lessee Group liable for losses due to such member of the Lessee Group's actions in performing as the Lessor's agent hereunder. In addition, the Lessor agrees that each Lessee may make arrangements for delivery of Group III Vehicles to a location selected by the relevant Lessee at such Lessee's expense. Each Lessee agrees to accept Group III Non-Repurchase Vehicles as produced and delivered, subject to the right of such Lessee to reject any such Group III Non-Repurchase Vehicles damaged in transit or not conforming to the related Group III Vehicle Order. Each Lessee agrees to accept Group III Repurchase Vehicles as produced and delivered except each Lessee will have the option to reject any Group III Repurchase Vehicle that may be rejected pursuant to the terms of the applicable Repurchase Program. The relevant Lessee, acting as agent for the Lessor, shall be responsible for pursuing any rights of the Lessor with respect to the return of any Group III Repurchase Vehicle to the Manufacturer pursuant to the preceding sentence. Subject to the provisions of Section 21 hereof (regarding Eligibility Waiver Events), any Any member of the Lessee Group that places a Group III Vehicle Order for a Group III Repurchase Vehicle pursuant to this Agreement agrees that all Group III Repurchase Vehicles ordered as provided herein shall be ordered utilizing the procedures consistent with the applicable Eligible Repurchase Program.

Appears in 1 contract

Samples: Vehicle Lease Agreement (Budget Group Inc)

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