Lease Maturity Date definition

Lease Maturity Date means with respect to any Lease, the date on which such Lease is scheduled to terminate as set forth in such Lease at its date of origination.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Lease Maturity Date means in respect of a Lease Agreement, the termination date as agreed upon by and between the Seller (as lessor) and the Lessee upon the entering into the Lease Agreement and as amended from time to time in accordance with the Credit and Collection Procedures.

Lease Maturity Date means with respect to any Lease, the date on which such Lease is scheduled to terminate as set forth in such Lease at its date of origination, as such date may be extended.

Examples of Lease Maturity Date in a sentence

• Due to the recent Securitization Take-Out, which occurred on August 5, 2020, on the next date of deterimation, the aggregate Base Residual Value of all Warehouse SUBI Leases that are Eligible Leases scheduled to reach their Lease Maturity Date in any one (1) month will be greater than [***].

• If this Lease is terminated before the Lease Maturity Date, and you do not purchase the vehicle, the Maximum Kilometer Allowance will be prorated for the period for which this Lease was in effect which may result in an additional charge to you.

• CHARGE If you do not exercise the Purchase Option on the Lease Maturity Date, you agree to pay us an excess kilometers charge of 8 cents per kilometer, plus applicable taxes, for each kilometer driven in excess of 120000 kilometers (the ‘‘Maximum Kilometer Allowance’’).

• The term of this Lease (the "Basic Term") shall begin on the Effective Date and shall end on the Lease Maturity Date.

• Due to the recent Securitization Take-Out, on the next date of deterimation, the aggregate Base Residual Value of all Warehouse SUBI Leases that are Eligible Leases scheduled to reach their Lease Maturity Date in any 6 consecutive months will be greater than [***].

• If you wish to purchase the vehicle on the Lease Maturity Date, and you are not in default, you must pay us the Purchase Option Price plus applicable taxes, fees and costs related to the registration, transfer and certification of the vehicle.

• It is herein agreed by both parties that should Tenant purchase the Premises from Landlord, the Lease Maturity Date shall be accelerated to the date of the closing of the purchase.

• It is herein agreed by both parties that should Tenant purchase a home from landlord, the Lease Maturity Date shall be accelerated to the date of the closing of the purchase of said home.

• Due to strong demand at the end of fourth quarter 2018 which resulted in a high number of leases in December 2018, on the next date of deterimation, the aggregate Base Residual Value of all Warehouse SUBI Leases that are Eligible Leases scheduled to reach their Lease Maturity Date in any one (1) month will be greater than [***].

• The purchase price at Lease Maturity Date will be $ 10764.60 (1i) (the ‘‘Purchase Option Price’’) plus any applicable taxes and our then current transfer fee (‘‘Transfer Fee’’) plus applicable taxes.

More Definitions of Lease Maturity Date

Lease Maturity Date means the later of (a) January 25, 2001, (b) the Maturity Date (as defined in the Interim Project Loan Agreement) or (c) such later date as agreed to by Lessor, Lessee and, if the Interim Project Loan Debt has not been paid in full, Bank.