Pull Ahead Payment definition

Pull Ahead Payment means, with respect to any Pull Ahead Lease Agreement, payments made by a Pull Ahead Payment Provider in an amount equal to all waived Monthly Payments in connection with a Pull Ahead Program.
View Source
Pull Ahead Payment. With respect to any Pull Ahead Lease Asset and any Distribution Date, the sum of (i) all remaining Monthly Lease Payments due in accordance with the terms of the related Lease, (ii) all due and unpaid Monthly Lease Payments, and (iii) any Pull Ahead Payment that was due but not paid in full on any prior Distribution Date.
View Source
Pull Ahead Payment. As defined in Exhibit A of the COLT Servicing Agreement.
View Source

Examples of Pull Ahead Payment in a sentence

  • The Servicer shall cause the related Pull Ahead Payment Provider to remit to it all Pull Ahead Payments relating to Pull Ahead Lease Agreements in accordance with the terms of the related Pull Ahead Program, including pursuing applicable legal remedies if such payments are not paid.

  • The Servicer shall cause the related Pull Ahead Payment Provider to remit to it all Pull Ahead Payments relating to Pull Ahead Leases in accordance with the terms of the related Pull Ahead Program, including pursuing applicable legal remedies if such payments are not paid.

  • Following the payment of the Pull Ahead Payment with respect to any Pull Ahead Lease Asset, the Servicer shall charge the related Lessee any applicable Excess Wear and Excess Mileage Charges in accordance with the related Program Lease, and the Servicer shall deposit any amounts received from the related Lessee on account thereof into the Collection Account in accordance with Section 3.04 of the COLT Servicing Agreement.

  • Pursuant to Section 2.02(b) of the COLT Servicing Agreement, the Servicer shall obtain the full amount of such Pull Ahead Payment from GMAC in lieu of remaining Monthly Lease Payments from the related Lessee with respect to a Pull Ahead Lease Asset and deposit it in the Collection Account at the time and in the manner required by Section 3.04 of the COLT Servicing Agreement.

  • On the second Business Day of the Collection Period following any such Collection Period in which an early termination of a Series 200_-__ Lease pursuant to a Pull Ahead Program has occurred, or if the Monthly Remittance Condition is satisfied, on the third Business Day preceding the related Payment Date, GMAC, in its capacity as agent for General Motors, shall pay to the Servicer for deposit into the Collection Account, an amount equal to the Pull Ahead Payment with respect to such Pull Ahead Lease Asset.

  • In connection with any such modification of a Series 200_-__ Lease in connection with a Pull Ahead Program, the Servicer shall obtain the full amount of such Pull Ahead Payment from GMAC and deposit it in the COLT Collection Account at the time and in the manner required by Section 3.04.