Initial Leased Vehicle definition
Initial Leased Vehicle means a Leased Vehicle in respect of which a Purchase Contract is entered into by and between the Seller and the Issuer pursuant to the Master Purchase Agreement on the Initial Purchase Date.
Examples of Initial Leased Vehicle in a sentence
On the Finance Lease Commencement Date, the Lessor shall apply to each Initial Leased Vehicle the Net Book Value (as of the first day of the Related Month) for such Vehicle as described on Attachment A hereto.
On the AESOP I Operating Lease Commencement Date, the Lessor applied to each Initial Leased Vehicle the Net Book Value (as of the first day of the Related Month) for such Vehicle as described on Attachment A to the Prior AESOP I Operating Lease.