Examples of Defaulted Lease in a sentence
The Servicer will use its best efforts consistent with its customary and usual practices and procedures in its servicing of equipment leases to repossess or otherwise comparably convert the ownership of any Equipment relating to a Defaulted Lease and will act as sales and processing agent for Equipment which it repossesses.
Performing Lease Receivable: an Entrusted Lease Receivable that is neither a Defaulted Lease Receivable, nor an Entrusted Lease Receivable in respect of which all instalments have been paid, nor an Entrusted Lease Receivable that was repurchased on a Payment Date relating to any prior Collection Period.
As of the 2020-B Cutoff Date, none of the 2020-B Leases is a Defaulted Lease.
As of the 2017-A Cutoff Date, none of the 2017-A Leases is a Defaulted Lease.
As of the 2018-B Cutoff Date, none of the 2018-B Leases is a Defaulted Lease.