Fleet Receivables definition
Examples of Fleet Receivables in a sentence
On each Settlement Date, the Servicer shall be entitled to be reimbursed in accordance with the Indenture for amounts previously advanced by the Servicer hereunder in respect of delinquent monthly lease payments or delinquent Fleet Receivables out of amounts collected in respect of such delinquent monthly lease payment or delinquent Fleet Receivables during the immediately preceding Monthly Period.
Nothing in this Section 2.6 shall affect the obligation of the Servicer to observe any applicable law prohibiting disclosure of information regarding the Leases or Fleet Receivables, and the failure of the Servicer to provide access to information as a result of such obligation shall not constitute a breach of this Section 2.6.
The Servicer shall not impair the rights of the Trust in the Leases, the Trust Vehicles, the Fleet Receivables or any other Trust Assets; provided that the Servicer shall be entitled to undertake the actions permitted by 2.3(a) hereof, and shall also be entitled to permit, in accordance with the Policies, the assignment by a Lessee of its obligations under its Master Lease Agreement to a new lessee.
The obligations of the Issuer and the Administrator to the Administrative Agent, the Funding Agents, the Purchaser Groups and the Class B Note Purchasers under this Indenture Supplement shall not be affected by reason of any invalidity, illegality or irregularity of any of the Loans, the SUBI Certificates, the Sold Units or the Fleet Receivables.
Servicer shall pay all expenses incurred in connection with the administration and servicing of the Sold SUBIs, the Sold Units and the Fleet Receivables, including, without limitation, expenses incurred by it in connection with its activities hereunder, including fees and disbursements of the SUBI Trustee, independent accountants, taxes imposed on Servicer and any SUBI Trustee or Delaware Trustee indemnity claims, including those arising under Sections 5.5, 6.8 and 7.1 of the Origination Trust Agreement.