Maximum Lease Termination Date definition

Maximum Lease Termination Date means, with respect to any Lease Vehicle, the earlier of (x) the last Business Day of the month that is 48 months after the month in which the Vehicle Operating Lease Commencement Date occurs with respect to such Lease Vehicle and (y) the last Business Day of the month that is 72 months after December 31 of the calendar year prior to the model year of such Lease Vehicle.

Maximum Lease Termination Date means, with respect to any Lease Vehicle, the earlier of (x) the last Business Day of the month that is 48 months after the month in which the Vehicle Lease Commencement Date occurs with respect to such Lease Vehicle and (y) the last Business Day of the month that is 72 months after December 31 of the calendar year prior to the model year of such Lease Vehicle.

Maximum Lease Termination Date means, (i) with respect to any Lease Vehicle that is a passenger automobile, van or light-duty truck, the earlier of (x) the last Business Day of the month that is 48 60 months after the month in which the Vehicle Operating Lease Commencement Date occurs with respect to such Lease Vehicle and (y) the last Business Day of the month that is 72 months after December 31 of the calendar year prior to the model year of such Lease Vehicle and (ii) with respect to any Lease Vehicle that is a medium-duty truck, the last business day of the month that is eighty-four (84) months after December 31 of the calendar year prior to the model year of such medium-duty truck.”

Examples of Maximum Lease Termination Date in a sentence

• Each Lessee shall return each Lease Vehicle leased by such Lessee on or prior to such Lease Vehicle’s Maximum Lease Termination Date to the Servicer at the location for such Lease Vehicle’s return reasonably specified by the Servicer (taking into account transportation costs and expected realizable disposition proceeds).

• Each Lessee shall return each Lease Vehicle leased by such Lessee on or prior to such Lease Vehicle’s Maximum Lease Termination Date to the Master Servicer at the location for such Lease Vehicle’s return reasonably specified by the Master Servicer (taking into account transportation costs and expected realizable disposition proceeds).

• US $1,103,229* (AED 4,048,847) This includes Approved budget plus faculty and staff expenditures, plus vacation tickets, dependents school fees, accrued gratuity, and medical insurance.

• Lessee currently intends, subject to the provisions of Section 3.3, to continue this Lease through the Maximum Lease Termination Date and to pay the Rental Payments hereunder.

• The “Vehicle Term ” with respect to each Lease Vehicle shall extend from the Vehicle Lease Commencement Date through the earliest of: (i)the Disposition Date with respect to such Lease Vehicle; (ii)if such Lease Vehicle becomes a Rejected Vehicle, the Rejection Date with respect to such Rejected Vehicle; and (iii)the Maximum Lease Termination Date with respect to such Lease Vehicle (the earliest of such three dates being referred to as the “Vehicle Lease Expiration Date” for such Lease Vehicle).

More Definitions of Maximum Lease Termination Date

Maximum Lease Termination Date means the Original Term and all Renewal Terms through the final Rental Payment Date listed on Exhibit A, provided that the Maximum Lease Termination Date will not be later than the date which is earlier of: (a) 4 years and 3 months following the date hereof; or (b) the date all amounts advanced by Lessor to Lessee under the PSA, the repayment of which is described on Exhibit A, have been repaid in full.

Maximum Lease Termination Date in Schedule I to the Lease is hereby amended by inserting into the text thereof the text that is underlined and bolded, in each place indicated below: