Examples of Reallocation Payment in a sentence
Such deposit of the Reallocation Payment shall satisfy the Servicer’s obligations to the Issuer pursuant to this Section, shall be deemed to constitute payment in full of the Reallocation Payment with respect thereto and shall cure any incorrectness of the related representation or warranty for purposes of this Servicing Supplement.
Such deposit of the Reallocation Payment shall satisfy the Servicer’s obligations pursuant to this Section, shall be deemed to constitute payment in full of the Reallocation Payment with respect thereto and shall cure any incorrectness of the related representation or warranty for purposes of this Agreement.
If the Servicer is unable or unwilling to do so within such period, it shall promptly (i) deposit or cause to be deposited into the SUBI Collection Account an amount equal to the Reallocation Payment and (ii) direct the Vehicle Trustee to cause such 2011-1 Vehicle and the related 2011-1 Lease to be conveyed to the Servicer as described in Section 2.3(h) below.
If the Servicer is unable or unwilling to do so within such period, it shall promptly (i) deposit or cause to be deposited into the SUBI Collection Account an amount equal to the Reallocation Payment and (ii) direct the Vehicle Trustee to cause such 2015-1 Vehicle and the related 2015-1 Lease to be conveyed to the Servicer as described in Section 2.3(h) below.
If the Servicer is unable or unwilling to do so within such period, it shall promptly (i) deposit or cause to be deposited into the 2018-1 SUBI Collection Account an amount equal to the Reallocation Payment with respect to such 2018-1 Lease and (ii) direct the Vehicle Trustee to reallocate such 2018-1 Lease and the related 2018-1 Vehicle from the 2018-1 SUBI to the UTI.