Initial Vehicles definition

Initial Vehicles means those trucks leased pursuant to the ---------------- Original Lease Agreement immediately prior to the Closing Date.
Sample 1
Initial Vehicles means the Vehicles financed by National under the NFC Financing Documents on June 9, 1995.
Sample 1
Initial Vehicles means the Vehicles acquired by National from Old National under the Asset Purchase Agreement on June 9, 1995.
Sample 1

Examples of Initial Vehicles in a sentence

  • The Liquidity Agent shall have received: (a) an executed copy of an assignment agreement, pursuant to which GMAC has assigned its Lien with respect to the Initial Vehicles to the Master Collateral Agent; and (b) evidence (which may be telephonic) of the filing of proper financing statements (form UCC-3) necessary to release all security interests and other rights of GMAC in the Initial Vehicles previously granted by Old National to GMAC.

  • Xxxxx shall use commercially reasonable efforts to -------- cause Leasco to maintain good, legal and marketable title to the Vehicles, free and clear of all Liens (i) except for Permitted Liens and (ii) except for those Initial Vehicles subject to the Vehicle Title Nominee Agreement for so long as such Initial Vehicles remain subject thereto.

  • As of the Series 1996-2 Closing Date, there are no Initial Vehicles that are part of the Refinanced Vehicles.

  • The Vehicle Acquisition ---------------------------- Schedule with respect to the Initial Vehicles.

  • The Servicer shall cause the Certificates of Title with respect to each Vehicle owned by National (other than the Initial Vehicles) to show National, and each Vehicle owned by NFLP (other than the Initial Vehicles) to show NFLP, as the registered owner and Citibank, N.A., as agent, as the first lienholder, at the address referred to in the next sentence.

  • Initial Vehicles ...........................................................................

  • Leasco shall have good and marketable title to -------- each Vehicle purchased or financed by it with the proceeds of the Loans, free and clear of all Liens and encumbrances, except for Permitted Liens and except for those Initial Vehicles subject to the Vehicle Title Nominee Agreement.

  • From time to time, subject to the ------------------- terms and conditions hereof, the Lessor agrees to lease to the Lessee and the Lessee agrees to lease from the Lessor the Initial Vehicles and each Subsequently Acquired Vehicle identified in a vehicle order summary (each, a "Vehicle Order").

  • Rental ULC and Funding LP hereby acknowledge and agree that this Agreement is intended as an agreement to lease only, that title to the Leased Vehicles will at all times remain in the name of Rental ULC or, in respect of the Initial Vehicles, Funding LP as nominee for the benefit of Rental ULC and that Funding LP will have no rights or interest in such Leased Vehicles whatsoever other than the rights of possession and use as provided herein.

  • The Servicer shall take, or shall cause to be taken, such action as shall be necessary to submit all of the Certificates of Title (other than Certificates of Title with respect to the Initial Vehicles) to the appropriate state authority for notation of the Master Collateral Agent's lien thereon.


More Definitions of Initial Vehicles

Initial Vehicles means all trucks acquired by the Lessor from the Seller ---------------- pursuant to the Acquisition.
Sample 1
Initial Vehicles means, in the case of any Series other than any Series of Segregated Notes, the Vehicles acquired by National from Old National under the Asset Purchase Agreement on April 4, 1995."
Sample 1

Related to Initial Vehicles

  • Vehicles all cars, trucks, trailers, construction and earth moving equipment and other vehicles covered by a certificate of title law of any state and all tires and other appurtenances to any of the foregoing.

  • Investment Vehicles means any investment company or pooled investment fund, including, but not limited to, mutual fund families, exchange-traded funds, fund of funds and hedge funds, in which a Defendant has or may have a direct or indirect interest, or as to which its affiliates may act as an investment advisor, but of which a Defendant or its respective affiliates is not a majority owner or does not hold a majority beneficial interest.

  • Recreational vehicle means a vehicle which is:

  • Commercial vehicle means a motor vehicle, trailer, or semitrailer used or

  • Rental Vehicle means a New Vehicle less than two years old owned by a New Vehicle Borrower and purchased directly from a manufacturer as a New Vehicle and that is used as a service loaner vehicle or is periodically subject to a rental contract with customers of the New Vehicle Borrower for loaner or rental periods of up to thirty (30) consecutive days or is used by dealership personnel in connection with parts and service operations.

  • Service Equipment means any equipment, Software, systems, cabling and facilities provided by or on behalf of Verizon and used to facilitate provision of the Services at a Customer Site. Ownership of the Service Equipment does not pass to Customer. Service Equipment does not include Verizon Facilities.

  • Fleet Vehicle means one of a large group of New Vehicles sold to a Person (e.g., a rental car agency) which purchases in excess of ten (10) Vehicles per purchase contract for commercial use.

  • Transfer Vehicle means any vehicle that operates in space and transfers Payloads or persons or both between two different space objects, between two different locations on the same space object, or between a space object and the surface of a celestial body. A Transfer Vehicle also includes a vehicle that departs from and returns to the same location on a space object.

  • Designated Assets means any property or assets (including Capital Stock of any Subsidiary) of Holdings, the Restricted Parent, the Issuer and their respective Restricted Subsidiaries constituting a business, a line or unit of a business or used in operating a business substantially as an entirety.

  • Program Assets means any assets, goods or property (real, tangible or intangible) purchased or financed in whole or in part (directly or indirectly) by MCC Funding.

  • Movable equipment means a hand-held or non-hand-held machine or device, powered or unpowered, that is used to do work and is moved within or between work sites.

  • Light vehicle means a motor vehicle commonly referred to as an automobile, van, sport utility

  • Gross vehicle weight means the weight of a vehicle without load plus the weight of any load on the