Matured Vehicle definition

Matured Vehicle as of any date means any Leased Vehicle the related Lease of which has reached its Maturity Date or has been terminated in connection with a Lessee Initiated Early Termination (and the Lessee is not in default under such Lease) or in connection with a Casualty Termination, which Leased Vehicle has been returned to the Servicer on behalf of the Titling Trust, if applicable.

Matured Vehicle means a 2017-2 Vehicle for which the related 2017-2 Lease has reached its Maturity Date.

Matured Vehicle means a 2014-1 Vehicle for which the related 2014-1 Lease has reached its Maturity Date.

Examples of Matured 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.

• The Servicer may purchase any2023-3 Leased Vehicle that becomes a Matured Vehicle pursuant to Section 2.6(f) of the Basic Servicing Agreement for a purchase price equal to the Contract Residual Value of the related 2023-3 Lease Agreement.

• However, the results do not depend on N if defect-defect interactions emerging from periodic boundary conditions become negligible.

• The Servicer may purchase any2024-1 Leased Vehicle that becomes a Matured Vehicle pursuant to Section 2.6(f) of the Basic Servicing Agreement for a purchase price equal to the Contract Residual Value of the related 2024-1 Lease Agreement.

• Matured Vehicle means any Leased Vehicle returned to the servicer in accordance with the terms of the related Lease Agreement.

More Definitions of Matured Vehicle

Matured Vehicle means a 2019-1 Vehicle for which the related 2019-1 Lease has reached its Maturity Date.

Matured Vehicle means a 20[__]-[__] Vehicle for which the related 20[__]-[__] Lease has reached its Maturity Date.

Matured Vehicle as of any date, means any Leased Vehicle, the related Contract of which has reached its Maturity Date, and which Leased Vehicle has been returned to the Servicer on behalf of the Titling Trust (or the Titling Trustee on behalf of the Titling Trust), regardless of the status of the sale or disposition of such Leased Vehicle as of the date of such return.

Matured Vehicle as of any date shall mean any Leased Vehicle the related Lease of which has reached its Lease Maturity Date, which Leased Vehicle has been returned to the Servicer.

Matured Vehicle as of any date means any 1997-B Leased Vehicle the related 1997-B Lease of which has reached its Maturity Date and as to which all scheduled Monthly Lease Payments and other payments due thereunder have been made, and which Leased Vehicle has been returned to the Servicer on behalf of the Origination Trustee, on behalf of the Origination Trust, regardless of the status of the disposition of such 1997-B Leased Vehicle as of such date.

Matured Vehicle means a 2024-1 Vehicle for which the related 2024-1 Lease has reached its Maturity Date.

Matured Vehicle. , as of any date, means any Leased Vehicle, the related Contract of which has reached its Maturity Date, and which Leased Vehicle has been returned to the Servicer on behalf of the Titling Trust (or the Titling Trustee on behalf of the Titling Trust), regardless of the status of the sale or disposition of such Leased Vehicle as of the date of such return.