Examples of Retail Lease in a sentence
All references in this Work Letter to Articles or Sections of “the Lease” shall mean the relevant portion of the Retail Lease Agreement to which this Work Letter is attached and of which this Work Letter forms a part, and all references in this Work Letter to Sections of “this Work Letter” shall mean the relevant portion of this Work Letter.
It is understood and agreed that the obligation of Harco Leasing to repurchase any Designated Retail Lease as to which a breach has occurred and is continuing shall, if such obligation is fulfilled, constitute the sole remedy against Harco Leasing for such breach available to NFC or any of its assignees.
Notwithstanding anything else to the contrary contained herein, Harco Leasing shall not be liable to NFC for any failure by any Obligor to make payments owed in respect of Sold Retail Lease Property.
The Servicer shall, in accordance with its customary servicing procedures and at its own expense, take such steps as are necessary to maintain perfection of the first priority security interest of the Seller created by a Retail Note in the related Financed Vehicle or Financed Vehicles and of the first priority security interest of the Collateral Agent in the Financed Vehicle or Financed Vehicles related to any Retail Lease.
Harco Leasing has the corporate power and authority to sell and assign to NFC the Sold Retail Lease Property and has duly authorized such transfers by all necessary corporate action on the part of Harco Leasing.