Vehicle EOT Financing Program definition

Vehicle EOT Financing Program means the program under which Element will finance (under certain conditions) the EOT Amounts in certain Vehicle Buyout Transactions, which financings will be treated as newly written Transactions. (lxii) “VIN” means the vehicle identification number of a Vehicle. (lxiii) “Vintage” means a pool of Transactions (including Remarketed Transactions and Rewritten Transactions relating to such Transactions, irrespective of the calendar year in which such Remarketed and Rewritten Transactions commence), that all commence within a calendar year (other than calendar years 2014 and 2015 which are combined in a single “Vintage”).

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Vehicle EOT Financing Program means the program under which Element will finance (under certain conditions) the EOT Amounts in certain Vehicle Buyout Transactions, which financings will be treated as newly written Transactions.

Examples of Vehicle EOT Financing Program in a sentence

• Purchaser will use commercially reasonable efforts to establish the Vehicle EOT Financing Program, and notwithstanding anything to the contrary in the foregoing, its decisions regarding the establishment of the Vehicle EOT Financing Program and transactions acceptable thereunder, may be made in Purchaser’s sole discretion taking into account Purchaser’s economic interests.

• Any Vehicle Buyout Transaction (whether financed through the Vehicle EOT Financing Program or not) will be considered a termination of the original Transaction for reasons other than a default by the Independent Contractor, that will be subject to Section 2(c)(xii) of the Second Amended Agreement.

• Additionally, for the sake of clarity, Rewritten Transactions (as herein defined), Remarketed Transactions (as herein defined) and Vehicle Buyout Transactions (as herein defined) that are financed through the Vehicle EOT Financing Program (as herein defined) are Transactions under which Contract Payments are to be made.