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.