Termination Proceeds definition
Termination Proceeds means any proceeds arising out of a sale of Receivables (or interests therein) pursuant to subsection 12.01(b) of the Agreement with respect to Series 2001-D.
Termination Proceeds means any Purchase Option Price received upon the purchase of a 20[__]-[__] Vehicle by the related Lessee or the price received from the sale of a 20[__]-[__] Vehicle to a dealer minus amounts included in either such price that represent reimbursement for third-party charges paid or payable (such as fees and taxes).
Termination Proceeds shall have the meaning specified in Section 12.02(c).
Examples of Termination Proceeds in a sentence
After the Servicer has made a Sales Proceeds Advance with respect to a 2025-2 Vehicle, the Issuer shall have no claim against or interest in such 2025-2 Vehicle or any Sales Proceeds or Termination Proceeds, as the case may be, resulting from the sale or other disposition thereof.
If the Servicer shall sell or otherwise dispose of a 2025-2 Vehicle after having made a Sales Proceeds Advance, the Issuer may retain all of such Sales Proceeds Advance, and the Servicer shall retain the related Sales Proceeds or Termination Proceeds, as the case may be, up to the Securitization Value of the related 2025-2 Lease, and will deposit any Sales Proceeds or Termination Proceeds, as the case may be, in excess of the related Securitization Value into the 2025-2 SUBI Collection Account.
More Definitions of Termination Proceeds
Termination Proceeds means any Termination Proceeds arising out of a sale of Receivables (or interests therein) pursuant to Section 9.01 of this Series Supplement.
Termination Proceeds means compensation or other proceeds paid by the Macau SAR in relation to the termination or rescission of the Concession Contract.
Termination Proceeds means for any Residual Value Vehicle for any Monthly Period (a) all amounts received by the Servicer during such Monthly Period upon, after or in connection with the termination of the related Lease including, without limitation, (i) sales proceeds with respect to such Residual Value Vehicle, net of any and all out-of-pocket costs and expenses incurred by the Servicer in connection with such sale or other disposition and any amounts remitted to the related Obligor as required by applicable law or the related Lease and (ii) any and all insurance proceeds received in connection with the occurrence of a casualty event in respect of such Residual Value Vehicle and (b) any and all amounts billed to the related Obligor in connection with the termination of such Lease, including any Incidental Lease Termination Payments.
Termination Proceeds means, with respect to a Default Termination Lease, an amount equal to the sum of (i) any payment received from the related Lessee in respect of the Termination Value of the related Vehicle and (ii) the Sales Proceeds relating thereto.
Termination Proceeds means the cash or cash equivalent proceeds (including, when received, the cash or cash equivalent proceeds of any deferred consideration) received by a member of the Group in connection with a termination payment, however defined, made in relation to any agreements, financial or otherwise, entered into by an Obligor and its Subsidiary thereof, after deducting any amounts required to be utilised by the relevant Obligor or Subsidiary thereof.
Termination Proceeds means for any Residual Value Vehicle all amounts received by the Servicer upon, after or in connection with the termination of the related Lease including, without limitation, (i) sales proceeds with respect to such Residual Value Vehicle, net of any and all out- of-pocket costs and expenses incurred by the Servicer in connection with such sale or other disposition and any amounts remitted to the related Obligor as required by applicable law or the related Lease, (ii) any and all insurance proceeds received in connection with the occurrence of a casualty event in respect of such Residual Value Vehicle and (iii) any and all amounts billed the related Obligor in connection with the termination of such Lease, including any Incidental Lease Termination Payments.
Termination Proceeds has the meaning given to it in Clause 9.7 (Mandatory prepayment - Termination Proceeds);