Examples of Predecessor Lease in a sentence
Upon any substitution of Leases in accordance with the provisions of this Section 9, the Transferor's and the Servicer's obligations hereunder with respect to the Predecessor Lease shall cease but the Transferor and the Servicer shall each thereafter have the same obligations with respect to the Substitute Lease substituted as it has with respect to all other Leases subject to the terms hereof.
Each Pool Factor will be initially 1.0000000, and thereafter will decline to reflect reductions in the outstanding principal balance of the applicable class of Notes Predecessor Lease - Section 11.01 hereof.
Upon any substitution of Leases in accordance with the provisions of this Section 9, the Seller's and the Servicer's obligations hereunder with respect to the Predecessor Lease shall cease but the Seller and the Servicer shall each thereafter have the same obligations with respect to the Substitute Lease substituted as it has with respect to all other Leases subject to the terms hereof.
Upon any substitution of Leases in accordance with the provisions of this Section 9, Vendor Services' and the Servicer's obligations hereunder with respect to the Predecessor Lease shall cease but Vendor Services and the Servicer shall each thereafter have the same obligations with respect to the Substitute Lease substituted as it has with respect to all other Leases subject to the terms hereof.
Upon any substitution of Leases in accordance with the provisions of this Article 8, the Servicer's obligations hereunder with respect to the Predecessor Lease shall cease but the Servicer shall thereafter have the same obligations with respect to the Substitute Lease substituted as it has with respect to all other Leases subject to the terms hereof.
Upon any substitution of Leases in accordance with the provisions of this Article V, the Transferor's obligations hereunder with respect to the Predecessor Lease shall cease but the Transferor shall thereafter have the same obligations with respect to the Substitute Lease substituted as it has with respect to all other Leases subject to the terms hereof.
Upon any substitution of Leases in accordance with the provisions of this Article V, the Seller's obligations hereunder with respect to the Predecessor Lease shall cease but the Seller shall thereafter have the same obligations with respect to the Substitute Lease substituted as it has with respect to all other Leases subject to the terms hereof.
Upon any substitution of Leases in accordance with the provisions of this Section 9, Vendor Services', the Contributor's and the Servicer's obligations hereunder with respect to the Predecessor Lease shall cease, but Vendor Services, the Contributor and the Servicer shall each thereafter have the same obligations with respect to the Substitute Lease substituted as it has with respect to all other Leases subject to the terms hereof.
Upon any substitution of Leases in accordance with the provisions of this Article V, Transferor's and Servicer's obligations hereunder with respect to the related Predecessor Lease shall cease, but Transferor and Servicer shall each thereafter have the same obligations with respect to the Substitute Lease substituted as it has with respect to all other Leases subject to the terms hereof.
Upon any substitution of Leases in accordance with the provisions of Section 3.08 and 3.09, such Substitute Lease shall become a "Lease" for all purposes of this Agreement and the Indenture, the Seller's and the Servicer's obligations hereunder with respect to the Predecessor Lease shall cease but the Seller and the Servicer shall each thereafter have the same obligations with respect to the Substitute Lease substituted as it has with respect to all other Leases subject to the terms hereof.