Eligible Leases means those Leases that meet, as of any date of determination, all of the following requirements:

Eligible Leases means open-end and closed-end automobile fleet leases originated by or on behalf of Avis or any of its Subsidiaries which are of a type customarily eligible for inclusion in a Qualified Securitization Transaction.

Eligible Leases means a fully-executed Lease by a Borrower or Eligible Intermediary (as lessor) to an Eligible Carrier (as lessee) of an Eligible Asset, which Lease satisfies each of the following requirements:

Examples of Eligible Leases in a sentence

For Eligible Leases or Eligible Equipment Financing Agreements and for Eligible Loans: the Total Charge-Off Amount equals the outstanding principal balance at the time of charge-off.
For Eligible Leases or Eligible Equipment Financing Agreements and Eligible Loans: The original principal amount as disclosed to the Eligible Commercial Finance Customer through loan or lease documentation or the job addendum.
Notwithstanding the foregoing, Borrower may exercise its rights pursuant to this Section 2.11 solely with respect to the repurchase of Pledged Leases in a pool of Eligible Leases having an aggregate Current Lease Balance (measured as of the date of such repurchase) that is less than or equal to five percent (5%) of the sum of the funded Revolving Advances and the total unfunded Revolving Loan Commitment held by the Lenders with respect to such pool of Eligible Leases.
The proceeds of the Loans made on each Funding Date will be used solely to fund the Purchase Price of Eligible Railcars and related Eligible Leases added to the Portfolio on such Funding Date and to pay fees and expenses incurred in connection therewith.
Seller has not selected the Purchased Leases from its portfolio of Eligible Leases using a selection procedure that would reasonably be expected to have a material adverse effect on the likelihood of collectibility of any material portion of the Purchased Leases taken as a whole.

More Definitions of Eligible Leases

Eligible Leases means open-end and closed-end automobile fleet leases originated by or on behalf of the Borrower or any of its Subsidiaries, which are of a type customarily eligible for inclusion in a Qualified Securitization Transaction.

Eligible Leases means the lease of an Eligible Commodity consisting of Precious Metals:

Eligible Leases means, initially as of the Cutoff Date, and thereafter as of any date of determination (unless otherwise specified below), a Customer Lease:

Eligible Leases. Leases of Equipment that generate Eligible Leased Assets.

Eligible Leases means, as of any date of determination, a Customer Lease:

Eligible Leases means open-end and closed-end automobile fleet leases originated by or on behalf of the Company and its Restricted Subsidiaries which are of a type customarily eligible for inclusion in a Qualified Securitization Transaction.

Eligible Leases means, leases for which (i) no consent or approval of any kind is required for transfer or (ii) any and all consents or approvals required for transfer have been obtained. "ENVIRONMENTAL LAWS" means all applicable federal, state or local statutes, laws, ordinances, codes, rules and regulations (including consent decrees and administrative orders) relating to public health and safety and protection of the environment.