Common use of Subsequent Leases Clause in Contracts

Subsequent Leases. In connection with each Lease of a Financed Vehicle after the Lease Commencement Date, to evidence the acquisition or financing of such Financed Vehicle by the Lessor and the conveyance of a security interest in such Financed Vehicles to the Master Collateral Agent, the Lessee shall deliver to the Lessor a Vehicle Order (including a Vehicle Acquisition Schedule) with respect to all Financed Vehicles to be leased by the Lessor on the date specified therein. The Lessee hereby agrees that each such delivery of a Vehicle Order shall be deemed hereunder to constitute a representation and warranty by the Lessee, to and in favor of the Lessor and the Trustee, that all the conditions precedent to the acquisition or financing and leasing of the Vehicles identified in such Vehicle Order have been satisfied as of the date of such Vehicle Order.

Subsequent Leases. In connection with each Lease of a Financed Vehicle after the Lease Commencement Date, to evidence the acquisition or financing of such Financed Vehicle by the Lessor and the conveyance of a security interest in such Financed Vehicles to the Master Collateral Agent, the each Lessee shall deliver to the Lessor a Vehicle Order (including a Vehicle Acquisition Schedule) with respect to all Financed Vehicles to be leased by the Lessor such Lessee on the date specified therein. The Each Lessee hereby agrees that each such delivery of a Vehicle Order shall be deemed hereunder to constitute a representation and warranty by the such Lessee, to and in favor of the Lessor and the Trustee, that all the conditions precedent to the acquisition or financing and leasing of the Vehicles identified in such Vehicle Order have been satisfied as of the date of such Vehicle Order.