Common use of Vehicle Term Clause in Contracts

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. (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 such 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 the 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. (a) The "“Vehicle Operating Lease Commencement Date" (x) for each Initial Leased ” with respect to any Vehicle shall mean the Initial Closing Date and (y) for each other Vehicle shall mean the day as date referenced in the applicable New Vehicle Acquisition Schedule, Transferred Vehicle Schedule, Initial Hertz Vehicle Schedule or Service Vehicle 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 HVF to acquire such Vehicle (such date, the “Vehicle Funding Date” for such Vehicle). The "“Vehicle Term" ” with respect to each Vehicle (other than a Vehicle which has a Special Term) 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)Program, the Turnback Date for such Vehicle, (ii) if such Vehicle is a Vehicle sold to a third party (other than through an auction conducted by or through or arranged by the Manufacturer pursuant to its Manufacturer Program)Section 2.5, the date on which funds in respect of such sale are deposited in the Collection Account or an HVF Exchange Account (by such third party or by the applicable Lessee or the Guarantor Servicer on behalf of such third party) and such funds equal or exceed the Termination Value of such Vehicle), (iii) if such Vehicle is sold to the Lessee pursuant to Section 2.4, the date on which the Vehicle Purchase Price for such Vehicle is deposited into the Collection Account, (iv) 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, (ivv) if such Vehicle becomes a Transferred HVF Vehicle, the date that such Vehicle is purchased by funds in the applicable Lessee pursuant to Section 2.5 hereof and amount of the Vehicle Purchase Transfer Price with respect to such purchase (and any unpaid Monthly Base Rent and Supplemental Rent with respect to such Vehicle) is thereof are 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").the

Vehicle Term. (a) The "“Vehicle Operating Lease Commencement Date" (x) for each Initial Leased ” with respect to any Vehicle shall mean the Initial Closing Date and (y) for each other Vehicle shall mean the day as date referenced in the applicable New Vehicle Acquisition Schedule, Transferred Vehicle Schedule, Initial Hertz Vehicle Schedule or Service Vehicle 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 HVF to acquire such Vehicle (such date, the “Vehicle Funding Date” for such Vehicle). The "“Vehicle Term" ” with respect to each Vehicle (other than a Vehicle which has a Special Term) 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)Program, the Turnback Date for such Vehicle, (ii) if such Vehicle is a Vehicle sold to a third party (other than through an auction conducted by or through or arranged by the Manufacturer pursuant to its Manufacturer Program)Section 2.5, the date on which funds in respect of such sale are deposited in the Collection Account or an HVF Exchange Account (by such third party or by the applicable Lessee or the Guarantor Servicer on behalf of such third party) and such funds equal or exceed the Termination Value of such Vehicle), (iii) if such Vehicle is sold to the Lessee pursuant to Section 2.4, the date on which the Vehicle Purchase Price for such Vehicle is deposited into the Collection Account, (iv) 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, (ivv) if such Vehicle becomes a Transferred HVF Vehicle, the date that funds in the amount of the Transfer Price thereof are deposited in the Collection Account by HGI, (vi) if such Vehicle is purchased by becomes a Rejected Vehicle, the applicable Lessee pursuant to Section 2.5 hereof and date the Rejected Vehicle Purchase Price with respect to such purchase (and any unpaid Monthly Base Rent and Supplemental Rent with respect to such Vehicle) Payment is deposited in the Collection Account by such Lessee and (vvii) the date that is the last Business Day of the month that is 18 36 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").such

Vehicle Term. (a) Non-Repurchase Vehicles. The "Vehicle Operating Lease Commencement Date" (x) for each Initial Leased Vehicle shall mean the Initial Closing Date and (y) for each other Non-Repurchase Vehicle shall mean the day referenced as referenced such in the Series 1996-1 Vehicle Acquisition Schedule with respect to such Non-Repurchase Vehicle but in no event shall such date be a date later than beyond the date that funds are expended or allocated by the Lessor to acquire such Non- Repurchase Vehicle. The "Vehicle Term" with respect to each Non-Repurchase Vehicle shall extend from the Vehicle Operating Lease Commencement Date through the earliest of (i) if such Vehicle is a Program Vehicle or a the 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 Repurchase 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)party, the date on which such Vehicle is sold to such third party and funds in respect of such sale are deposited in received by the Collection Account Trustee (by from such third party or by from any member of the applicable Lessee or the Guarantor Group on behalf of such third party) and such funds equal or exceed the Termination Non-Repurchase Vehicle Value of such Non-Repurchase Vehicle, (iiiii) if such the Non-Repurchase Vehicle becomes a Standard Casualty or an Ineligible VehicleCasualty, the date funds in the amount of the Termination Non-Repurchase Vehicle Value thereof are deposited in received by the Collection Account by Trustee from the applicable Lessee, or (iviii) the date that such the Non-Repurchase Vehicle is purchased by the applicable Lessee pursuant to Section 2.5 hereof and the Non-Repurchase Vehicle Purchase Price Value with respect to such purchase (and any unpaid Monthly Base Rent and Supplemental Monthly Variable Rent with respect to such Non-Repurchase Vehicle) is deposited in received by 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 Trustee (the earliest of such five four dates being referred to as the "Vehicle Operating Lease Expiration Date"); provided, however, that the Lessees shall use commercially reasonable efforts to dispose of each 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 such longer period as may be approved by the Rating Agencies.

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 or, in the case of a Replacement Vehicle, no later than the date that such Replacement Vehicle is "acquired" (as such term is defined in the Master Exchange Agreement) by the Intermediary pursuant to the Master Exchange Agreement. 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 that has not been identified by the Lessor as an Identified Relinquished Vehicle pursuant to Section 3.1 of the Master Exchange Agreement 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 Lessee, (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, and (vi) if such Vehicle has been designated by the Lessor as an Identified Relinquished Vehicle pursuant to Section 3.1 of the Master Exchange Agreement, the date that such Vehicle is "transferred" to the Intermediary pursuant to Section 3.1 of the Master Exchange Agreement, provided, however, that if such designation as an Identified Relinquished Vehicle is rescinded pursuant to Section 3.6 of the Master Exchange Agreement, such Vehicle shall continue to be a leased Vehicle hereunder, as if such designation had not occurred, until the occurrence of one of the events described in the foregoing clauses (i) through (v) (the earliest of such five six dates being referred to as the "Vehicle Operating Lease Expiration Date").

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 (including any Vehicle Acquisition Schedule delivered under the Prior AESOP I Operating Lease) with respect to such Vehicle Vehicle, but in no event shall such date be a date later than the date that funds are expended or allocated by the Lessor or the Intermediary 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)Program, 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 first deposited in either the Collection Account or a Joint 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 the Lessee and (v) the date that is the last Business Day of the month that is 18 eighteen (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 described in the foregoing clauses (i) through (v) being referred to as the "“Vehicle Operating Lease Expiration Date"”).