Vehicle Term. (a) The "Vehicle Operating Lease Commencement Date" (x) for each Initial Leased Vehicle shall mean the Initial Closing Date and (y) for each other Vehicle shall mean the day as referenced in the Vehicle Acquisition Schedule with respect to such Vehicle but in no event shall such date be a date later than the date that funds are expended or allocated by the Lessor to acquire such Vehicle. The "Vehicle Term" with respect to each Vehicle shall extend from the Vehicle Operating Lease Commencement Date through the earliest of (i) if such Vehicle is a Program Vehicle or a Non-Program Vehicle returned to a Manufacturer under a Manufacturer Program in accordance with Section 2.6(b), the Turnback Date for such Vehicle, (ii) if such Vehicle is sold to a third party (other than through an auction conducted by or through or arranged by the Manufacturer pursuant to its Manufacturer Program), the date on which funds in respect of such sale are deposited in the Collection Account (by such third party or by the applicable Lessee or the Guarantor on behalf of such third party) and such funds equal or exceed the Termination Value of such Vehicle, (iii) if such Vehicle becomes a Standard Casualty or an Ineligible Vehicle, the date funds in the amount of the Termination Value thereof are deposited in the Collection Account by the applicable Lessee, (iv) the date that such Vehicle is purchased by the applicable Lessee pursuant to Section 2.5 hereof and the Vehicle Purchase Price with respect to such purchase (and any unpaid Monthly Base Rent and Supplemental Rent with respect to such Vehicle) is deposited in the Collection Account by such Lessee and (v) the date that is the last Business Day of the month that is 18 months after the month in which the Vehicle Operating Lease Commencement Date occurs with respect to such Vehicle (the earliest of such five dates being referred to as the "Vehicle Operating Lease Expiration Date").
Vehicle Term. 10 3.2. Term........................................................................ 11
Vehicle Term. Group III Non-Repurchase Vehicles. The "Vehicle Lease Commencement Date" for each Group III Non-Repurchase Vehicle shall mean the day referenced as such in the Group III Vehicle Acquisition Schedule or Refinancing Schedule with respect to such Group III Non-Repurchase Vehicle but in no event beyond the date that funds are expended by the Lessor to acquire such Group III Non-Repurchase Vehicle. The "Vehicle Term" with respect to each Group III Non-Repurchase Vehicle shall extend from the Vehicle Lease Commencement Date through the earliest of (i) if the Group III Non-Repurchase Vehicle is sold to a third party, the date such Vehicle is sold to such third party and funds in respect of such sale are received by the Trustee in the Group III Collection Account (from such third party or from any member of the Lessee Group on behalf of such third party) and such funds equal or exceed the Non-Repurchase Vehicle Value of such Group III Non-Repurchase Vehicle, (ii) if the Group III Non-Repurchase Vehicle becomes a Casualty, the date funds in the mount of the Non-Repurchase Vehicle Value thereof are received by the Trustee in the Group III Collection Account from the applicable Lessee, (iii) the date that the Group III Non-Repurchase Vehicle is purchased by the applicable Lessee pursuant to Paragraph 6 or 7 of Annex A to this Agreement and the Non-Repurchase Vehicle Value with respect to such purchase (and any unpaid Monthly Base Rent and Monthly Variable Rent with respect to such Group III Non-Repurchase Vehicle) is received by the Trustee and (iv) the maximum vehicle lease term of the Operating Lease and the Financing Lease, as applicable, as specified in, respectively, paragraph 5 of each of Annex A and Annex B to this Agreement (the earliest of such four dates being referred to as the "Vehicle Lease Expiration Date"); provided, however, that the Lessees shall use commercially reasonable efforts to dispose of (a) each Group III Non-Repurchase Vehicle, within twenty-four (24) months after the date of the original new dealer invoice for such Vehicle or, where no such invoice exists, the date such Vehicle was first put into service, or (b) with respect to any Vehicle, such longer period with respect to which Rating Agency Confirmation has been obtained or, if no Rating Agency is then currently requested to rate any Group III Series of Notes, approved by Noteholders of the Group III Series of Notes holding more than 50% of the aggregate Invested Amounts of all outstan...
Vehicle Term. (a) The “
Vehicle Term. The “Vehicle Lease Commencement Date” (x) for each BTF Truck (other than an Additional BTF Truck) shall mean the Initial Closing Date and (y) for each Additional BTF Truck shall mean the earlier of (a) the date referenced in the Truck Acquisition Schedule with respect to such Truck, and (b) the date that funds are expended by the Lessor to acquire such Truck (with respect to such Truck, the “Truck Funding Date”). The “Vehicle Term” with respect to each BTF Truck shall extend from the Truck Lease Commencement Date through the earliest of (i) if such BTF Truck is sold to a third party, the date on which funds in the amount of the Vehicle Purchase Price in respect of such sale are deposited in the Collection Account (by such third party or by the Lessee or the Guarantor on behalf of such third party), (ii) if such BTF Truck becomes a Casualty, the date funds in the amount of the Termination Value thereof are deposited in the Collection Account by the Lessee, (iii) if such BTF Truck becomes an Ineligible Truck, the date such BTF Truck has become an Ineligible Truck, (iv) the date that such BTF Truck is purchased by the Lessee pursuant to Section 2.5 hereof and the Vehicle Purchase Price with respect to such purchase (along with any unpaid Monthly Base Rent and Supplemental Rent with respect to such BTF Truck) is deposited in the Collection Account by the Lessee, and (v) if such BTF Truck is a Gasoline Truck, the date that is the first Business Day that is 42 months after the date of manufacture of such Gasoline Truck or, if such BTF Truck is a Diesel Truck, the date that is the first Business Day that is 54 months after the date of manufacture of such Diesel Truck (the earliest of such five dates being referred to as the “Vehicle Lease Expiration Date”).
Vehicle Term. (a) The "Vehicle Finance Lease Commencement Date" (x) for each Initial Leased Vehicle shall mean the Initial Closing Date, (y) for each Franchisee Vehicle shall
Vehicle Term. The “Vehicle Operating Lease Commencement Date” with respect to any ZVF Vehicle shall mean the date referenced in the applicable New Vehicle Schedule with respect to such ZVF Vehicle but in no event shall such date be a date later than the date that funds are expended by ZVF to acquire such ZVF Vehicle (such date, the “Vehicle
Vehicle Term. The “Vehicle Lease Commencement Date” for each Group II Truck shall mean the Initial Group II Closing Date. The “Vehicle Term” with respect to each Group II Truck shall extend from the Vehicle Lease Commencement Date through the earliest of (i) if such Group II Truck is sold to a third party, the date on which funds in the amount of the Vehicle Purchase Price in respect of such sale are deposited in the Collection Account (by such third party or by the Lessee or the Guarantor on behalf of such third party), (ii) if such Group II Truck becomes a Casualty, the date funds in the amount of the Termination Value thereof are deposited in the Collection Account by the Lessee, (iii) if such Group II Truck becomes an Ineligible Truck (other than a Casualty), the date such Group II Truck has become an Ineligible Truck, (iv) the date that such Group II Truck is purchased by the Lessee pursuant to Section 2.5 hereof and the Vehicle Purchase Price with respect to such purchase (along with any unpaid Monthly Base Rent and Supplemental Rent with respect to such Group II Truck) is deposited in the Collection Account by the Lessee, and (v) if such Group II Truck is a Gasoline Truck, the date that is the first Business Day that is 72 months after the date of original invoicing of such Gasoline Truck or, if such Group II Truck is a Diesel Truck, the date that is the first Business Day that is 96 months after the date of original invoicing of such Diesel Truck (the earliest of such dates described in clauses (i) through (v) being referred to as the “Vehicle Lease Expiration Date”).
Vehicle Term. Group II Repurchase Vehicles .................................... 11 3.2 The "Lease Commencement Date" ................................................. 12
Vehicle Term. The “Vehicle Lease Commencement Date” (x) for each Group I Truck owned by Lessor on the date hereof shall mean the Initial Group I Closing Date or such later date as determined in accordance with the Master Motor Vehicle Operating Lease, dated as of May 11, 2006, by and among CPF, BTR and ABCR, as amended at the time such Group I Truck was added to the Existing Lease and (y) for each additional Group I Truck shall mean the earlier of (a) the date referenced in the Vehicle Acquisition Schedule with respect to such Group I Truck, and (b) the date such Group I Truck is contributed to the Lessor or the date that funds are expended by the Lessor to acquire such Group I Truck (with respect to such Group
