Lease servicer means an entity that collects monthly principal and interest payments from the lessee and then forwards the payments to the purchasing institution or maintains lease records for a fee. “Leasing company” means an enterprise that makes leases or assembles leases for resale to a bank.
Lease servicer means the entity that collects monthly principal and interest payments from the lessee and then forwards the payments to the purchasing credit union or maintains lease records for a fee.
Lease servicer has the meaning provided in Section 11.01(a).
More Definitions of Lease servicer
Lease servicer means Turbine Engine Center, or its successors and assigns or any other maintenance, repair and overhaul (“MRO”) company designated in writing by the Company to act as Lease Servicer.
Lease servicer means the Person appointed by or on behalf of the Assignee or, if there is more than one Assignee, all of the Assignees, to act on its or their behalf to collect Base Rental Payments and otherwise perform the function of a lease servicing agent for the Assigned Rights.
Lease servicer means Chorus Aviation Capital (Ireland) Limited or any other Person designated by Lessor in accordance with Section 20.2;