Liquidated Vehicle definition
Liquidated Vehicle means the 2019-B Vehicle related to a Liquidated Lease.
Liquidated Vehicle means the Leased Vehicle(s) related to a Defaulted Lease or a Liquidated Lease.
Liquidated Vehicle means the 20[•]-[•] Vehicle related to a Liquidated Lease.
Examples of Liquidated Vehicle in a sentence
Subject to Section 6.05(b) and any applicable Servicing Supplement, the Servicer shall use commercially reasonable efforts to sell or otherwise dispose of any Matured Vehicle not purchased by the Lessee or a Dealer and to repossess or recover and sell or otherwise dispose of any Liquidated Vehicle.
Notwithstanding anything set forth in this Section 14.1 to the contrary, the Contract Collateral shall not include any Collateral or any Motor Vehicle after such time as such Motor Vehicle has become a Liquidated Vehicle, unless and until (if at all) such Motor Vehicle subsequently again becomes a Financed Vehicle under a Contract.
More Definitions of Liquidated Vehicle
Liquidated Vehicle means the 2006-A Vehicle related to a Liquidated Lease.
Liquidated Vehicle means the 2017-B Vehicle related to a Liquidated Lease. 15 (NALT 2017-B Agreement of Definitions)
Liquidated Vehicle a Motor Vehicle that was previously a Financed Vehicle subject to a Contract but which has been sold following a repossession thereof by or on behalf of a Person included within the definition of DTCG and the proceeds of such liquidation have been distributed to the applicable party entitled thereto, including, without limitation, those lenders that are party to the Warehouse Facility documents.