Collateral Lease definition

Collateral Lease means a Lease that is a Collateral Asset.
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Collateral Lease means any Lease as to which the Lease Date is on or after August 1, 2005 or, with respect to any Lease relating to a Leased Vehicle that is registered in the State of New Jersey, as to which the Lease Date is on or after September 1, 2005.
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Collateral Lease means the lease agreement entered or to be entered into between the Collateral Lessor as owner and Collateral Lessee as lessee.
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Examples of Collateral Lease in a sentence

  • For purposes of determining the Collections that are applicable to any Designated Pool, the Collateral Lease Agreements and Collateral Leased Vehicles included in such Designated Pool will be deemed to have been included in such Designated Pool from and after the Cutoff Date specified in the related Exchange Note Supplement.

  • Upon such request, the Borrower will, pursuant to this Section 4.7, cancel the Exchange Note and, upon cancellation, if no other Exchange Notes related to such Designated Pool are Outstanding, the applicable Designated Pool will be deemed to no longer exist and the Collateral Lease Agreements and related Collateral Leased Vehicles included in such Designated Pool will be reallocated to the Lending Facility Pool.

  • Following any designation of Collateral Lease Agreements and Collateral Leased Vehicles to a Designated Pool such Collateral Lease Agreements and Collateral Leased Vehicles will no longer be a part of the Lending Facility Pool and may not be allocated to any other Designated Pool.

  • At the option of the Lender, the principal amount of this 20[ ]-[ ] Exchange Note may be increased or decreased from time to time upon the allocation of Collateral Lease Agreements and Collateral Leased Vehicles to or the reallocation of Collateral Lease Agreements and Collateral Leased Vehicles from the 20[ ]-[ ] Designated Pool, respectively, pursuant to Section [ ] of the Exchange Note Supplement.

  • At the option of the Lender, the principal amount of this 20[__]-[__] Exchange Note may be increased or decreased from time to time upon the allocation of Collateral Lease Agreements and Collateral Leased Vehicles to or the reallocation of Collateral Lease Agreements and Collateral Leased Vehicles from the 20[__]-[__] Designated Pool, respectively, pursuant to Section [__] of the Exchange Note Supplement.

  • The Servicer shall serve as custodian of the Lease Files, which are hereby constructively delivered to the Titling Trust with respect to each Collateral Lease and Collateral Vehicle.

  • Such accounts, records and computer systems shall indicate, among other things the Reference Pool, if created, to which each Collateral Lease or Collateral Vehicle is allocated and reflect the interest of the Exchange Noteholder therein.

  • A Termination Event (as defined therein) occurs under the Collateral Lease and is continuing.

  • The obligations of the Depositor under this Agreement will not be affected by reason of any invalidity, illegality or irregularity of the 2012-A Exchange Note or any Collateral Lease or Collateral Leased Vehicle included in the 2012-A Reference Pool.

  • The obligations of the Depositor under this Agreement will not be affected by reason of any invalidity, illegality or irregularity of the 2015-B Exchange Note or any Collateral Lease or Collateral Leased Vehicle included in the 2015-B Reference Pool.


More Definitions of Collateral Lease

Collateral Lease. As defined in the Supplemental Terms. ----------------
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Related to Collateral Lease

  • special lease means a special lease or license to be granted in terms of this Agreement under the Ratifying Act the Land Act or the ▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇ and includes any renewal thereof; “this Agreement” “hereof” and “hereunder” include this Agreement as from time to time added to varied or amended;

  • Approved Lease has the meaning set forth in Section 6.11(a).

  • Financing Lease any lease of property, real or personal, the obligations of the lessee in respect of which are required in accordance with GAAP to be capitalized on a balance sheet of the lessee.

  • Collateral Loan means a loan, debt obligation, debt security or participation therein acquired by the Borrower.

  • Operating Lease means, as applied to any Person, any lease (including, without limitation, leases which may be terminated by the lessee at any time) of any Property (whether real, personal or mixed) which is not a Capital Lease other than any such lease in which that Person is the lessor.