User Leases definition

User Leases shall have the meaning set forth in Section 2.1(b).
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User Leases shall have the meaning set forth in Section 1 of the Head Lessee Security Agreement dated as of February 9, 2001, between the Owners, as such agreement may be amended, modified or supplemented from time to time in accordance with its terms.
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Examples of User Leases in a sentence

  • No such resignation shall become effective unless and until a new servicer is willing to service the User Leases and enters into a servicing agreement with the Trust, such agreement to have substantially the same provisions as this Agreement.

  • The Servicer shall acquire or enter into on behalf of the Trust, in its ordinary course of business, User Leases with End Users approved by the Servicer.

  • Each Servicing Agreement shall specify various duties, powers, liabilities, obligations and compensation of the Servicer with respect to the administration and servicing of those Trust Assets as to which such Servicing Agreement applies, including, without limitation, Leased Vehicles and User Leases.

  • The Servicer shall execute on behalf of the Trust all approved User Leases arranged by the Dealer.

  • The Servicer agrees that its origination, underwriting and servicing of the User Leases for the benefit of the Trust shall be carried out in accordance with Customary Servicing Practices with respect to similar types of vehicles.

  • The Servicer shall use commercially reasonable efforts (consistent with its Customary Servicing Practices with respect to similar types of vehicles) to enforce the provisions of the User Leases and to repossess or otherwise take possession of the Leased Vehicle related to any User Lease that shall have terminated or expired or that the Servicer shall have determined (in accordance with its Customary Servicing Practices) to be in default.

  • Enforcement of User Leases; Repossession and Sale of Leased Vehicles.......................................8 Section 2.7. Servicer to Act on Behalf of Trust.......................9 Section 2.8. Third Party Claims.......................................9 Section 2.9. Insurance Policies....................................

  • Lessor hereby -------------------------------------------------- assigns, transfers and conveys to Lessee, effective upon the Commencement Date hereof, all of Lessor's rights, title and interest in, under and to the initial User Lease(s) and the Remarketing Agreement.

  • Each UTI Servicing Agreement shall specify various duties, powers, liabilities, obligations and compensation of the Servicer with respect to the administration and servicing of the UTI Assets as to which such UTI Servicing Agreement applies, including, without limitation, Leased Assets and User Leases.

  • Remarketing shall include the sale (including, without limitation, any installment or conditional sale, whether in the form of a lease or otherwise or any trade-in of Equipment), re-lease or renewal of any existing lease of the Equipment (such re-leases and existing leases are to be collectively referred to herein as the "User Leases") to either the person leasing the Equipment immediately prior to the remarketing or to a new user (collectively, the "Users").