Purchased Leases definition

Purchased Leases means the Purchased Leases identified in an Assignment; provided, however, that, if Seller repurchases Purchased Assets pursuant to Article V of this Agreement, the related Purchased Lease(s) shall cease to be Purchased Lease(s) as of the date of such repurchase.

Purchased Leases has the meaning set forth in Section 2.2(a).

Purchased Leases is defined in the definition of “Lease Purchase Transaction.”

Examples of Purchased Leases in a sentence

• Seller has not selected the Purchased Leases from its portfolio of Eligible Leases using a selection procedure that would reasonably be expected to have a material adverse effect on the likelihood of collectibility of any material portion of the Purchased Leases taken as a whole.

• Buyer shall xxxx and collect all payments due or to become due under the Purchased Leases and otherwise administer the Purchased Leases in its own name and in accordance with its standard servicing procedures as in effect from time to time (it being understood that the Buyer may, without limitation, instruct any Obligor under a Purchased Lease to make payments under such Purchased Lease to any account designated by Buyer).

• Seller hereby irrevocably appoints Buyer as its agent in any jurisdiction in the United States for the purpose of executing, on Seller’s behalf and in Seller’s name, vehicle registrations, title certificates and other documents necessary for the titling, re-titling, registration, licensing or permitting of the Equipment leased under the Purchased Leases.

• Seller shall, from time to time upon reasonable notice and during normal business hours, in each case to the extent reasonably necessary to enable Buyer to reconcile Obligor payments or otherwise service the Purchased Leases, to comply with governmental requirements or regulations or to prosecute or defend third-party claims, make reasonably available to Buyer and its agents all information maintained by or on behalf of Seller with respect to the Purchased Assets.

• Seller shall, on or before each proposed Purchase Date, inform Buyer of any material adverse change known to Seller in the business or financial condition of any related Obligor since the date of the related offer or of any other circumstance or event known to Seller that would reasonably be expected to have a material adverse effect on the interest of Buyer in the related proposed Purchased Assets or the collectibility of the related proposed Purchased Leases.

More Definitions of Purchased Leases

Purchased Leases has the meaning set forth in Section 1.1(a)(ii)

Purchased Leases means the Leases listed on the Purchased Lease Schedule attached hereto.

Purchased Leases means the Leases listed on the Purchased Lease Schedule, as amended to reflect the sale by Trans Leasing to TLFC of certain additional Leases on the Subsequent Closing Dates, attached to the Original Agreement.

Purchased Leases means the real property leases related to the Purchased Stores as set forth on EXHIBIT 5.

Purchased Leases means the US Purchased Leases and the Canadian Purchased Leases.

Purchased Leases means all Leases of Sellers for the Acquired Stores that are assumed and assigned to Buyer on or after the Closing Date, together with all security deposits related thereto and all permanent fixtures, improvements and appurtenances thereto and associated with such Purchased Leases, subject to the rejection of up to fifteen (15) Leases by the Buyer on or prior to the Delayed Assumption Date pursuant to Section 2(l) hereof.

Purchased Leases shall have the meaning ascribed thereto in Schedule 2.1(e) hereof.