Manufacturer Program definition
Manufacturer Program means at any time any Repurchase Program or Guaranteed Depreciation Program that is in full force and effect with a Manufacturer and that, in any such case, satisfies the Required Contractual Criteria.
Manufacturer Program means a statewide plan for collecting, transporting and recycling covered electronic devices that is provided by a single manufacturer or group of manufacturers pursuant to ORS 459A.320.
Manufacturer Program means any Repurchase Program or Guaranteed Depreciation Program.
Examples of Manufacturer Program in a sentence
To the extent any Manufacturer fails to accept any such Program Vehicles under the terms of the applicable Manufacturer Program, the Lessor shall have the right to otherwise dispose of such Program Vehicles and to direct the Servicer to dispose of such Program Vehicles in accordance with its instructions.
To the extent any Manufacturer fails to accept any such Vehicles under the terms of the applicable Manufacturer Program, the Lender shall have the right to otherwise dispose of such Vehicles and to direct AESOP Leasing to dispose of such Vehicles in accordance with its instructions.
In the event the Servicer is the Lessee, the Lessee shall act in its own capacity when returning any Program Vehicle to the Manufacturer pursuant to the applicable Manufacturer Program.
HVF II will provide each Rating Agency rating the Series 2013-A Notes with a copy of any operative Group I Manufacturer Program upon written request by such Rating Agency.
Each Manufacturer Program covering Program Vehicles identified in such Vehicle Order shall be in full force and effect, and shall be enforceable against the related Manufacturer in accordance with its terms.
More Definitions of Manufacturer Program
Manufacturer Program means at any time any Repurchase Program or Guaranteed Depreciation Program that is in full force and effect with a Manufacturer (i) pursuant to which the repurchase price or guaranteed auction sale price is at least equal to the Capitalized Cost of each HVIF Vehicle, minus all Depreciation Charges accrued with respect to such HVIF Vehicle prior to the date that the HVIF Vehicle is submitted for repurchase, minus HVIF Excess Mileage Charges, minus HVIF Excess Damage Charges, (ii) that cannot be amended or terminated with respect to any HVIF Vehicle after the purchase of that HVIF Vehicle, and (iii) the assignment of the benefits of which to HVIF and the Collateral Agent has been acknowledged in writing by the related Manufacturer in the form of an Assignment Agreement.
Manufacturer Program. “Required Noteholders”, “Supermajority Noteholders” or “Requisite Investors” or the applicable amount of Enhancement or any defined term used for the purpose of any such definitions shall require the consent of each affected Noteholder;
Manufacturer Program unless otherwise specified in a Segregated Series Supplement with respect to the Vehicles comprising the related Series-Specific Collateral, means at any time any Repurchase Program or Guaranteed Depreciation Program that is in full force and effect with a Manufacturer (i) pursuant to which the repurchase price or guaranteed auction sale price is at least equal to the Capitalized Cost of each Vehicle, minus all depreciation charges pursuant to such Repurchase Program or Guaranteed Depreciation Program accrued with respect to such Vehicle prior to the date that the Vehicle is submitted for repurchase, minus Excess Mileage Charges, minus Excess Damage Charges, (ii) that cannot be amended or terminated with respect to any Vehicle after the purchase of that Vehicle, and (iii) the assignment of the benefits of which to ZVF and the Collateral Agent has been acknowledged in writing by the related Manufacturer in the form of an Assignment Agreement.
Manufacturer Program means at any time any Repurchase Program or Guaranteed Depreciation Program that is in full force and effect with a Manufacturer (i) pursuant to which the repurchase price or guaranteed auction sale price is at least equal to the Capitalized Cost of each Vehicle, minus all Depreciation Charges accrued with respect to such Vehicle prior to the date that the Vehicle is submitted for repurchase, minus Excess Mileage Charges, minus Excess Damage Charges, (ii) that cannot be amended or terminated with respect to any Vehicle after the purchase of that Vehicle, and (iii) the assignment of the benefits of which to HVF and the Collateral Agent has been acknowledged in writing by the related Manufacturer in the form of an Assignment Agreement.
Manufacturer Program means, at any time, any Repurchase Program or Guaranteed Depreciation Program that is in full force and effect with a Manufacturer (i) pursuant to which the repurchase price or guaranteed auction sale price is at least equal to (a) with respect to the GM Repurchase Program, a specified percentage of the Capitalized Cost of each Vehicle, such percentage being determined for each Vehicle based upon the model year of such Vehicle and the calendar month in which such Vehicle is returned to the Manufacturer, minus Excess Mileage Charges, minus Excess Damage Charges minus other similar charges, or (b) with respect to any Manufacturer Program other than the GM Repurchase Program (but including any other Manufacturer Program provided by GM), the Capitalized Cost of each Vehicle, minus all depreciation charges accrued with respect to such Vehicle under such Manufacturer Program prior to the date that the Vehicle is submitted for repurchase or auction, minus Excess Mileage Charges, minus Excess Damage Charges minus other similar charges, (ii) that cannot be amended or terminated with respect to any Vehicle after the purchase of that Vehicle, and (iii) under which the related Leasing Company or the related Lessee is an Authorized Fleet Purchaser and, in each case, the assignment of the benefits of which to the Master Collateral Agent has been acknowledged in writing by the related Manufacturer pursuant to an Assignment Agreement and the related Leasing Company, the Master Collateral Agent and the related Leasing Company Trustee have been provided with an officer's certificate or opinion of counsel reasonably satisfactory to them that such Leasing Company (and the Master Collateral Agent on behalf of such Leasing Company and such Leasing Company Trustee) can enforce the applicable Manufacturer's obligations thereunder with respect to Program Vehicles.
Manufacturer Program with respect to Accounts owed to the Parent Borrower, as defined in the Domestic Guarantee and Collateral Agreement and with respect to Accounts owed to Puerto Ricancars, as defined in the PRUSVI Guarantee and Collateral Agreement.
Manufacturer Program means at any time any Repurchase Program or Guaranteed Depreciation Program that is in full force and effect with a Manufacturer and that, in any such case, satisfies the Required Contractual Criteria. “Manufacturer Receivable” means any amount payable to a FleetCo by a Manufacturer in respect of or in connection with the disposition of a Program Vehicle; provided that, with respect to any outstanding Manufacturer Receivable payable to any FleetCo by Daimler AG, or to Spanish FleetCo by a Non-Accepting Entity (as defined in the Spanish Master Lease), such amount shall be reduced by any payables owing from such FleetCo to Daimler AG or such Non-Accepting Entity, respectively, pursuant to the terms of the related Manufacturer Program; provided further that, the maximum amount of any such reduction shall be the amount of such outstanding Manufacturer Receivable. 59 CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [*REDACTED*]. “Market Value” means, with respect to each Eligible Vehicle, as of any date of determination during a calendar month: