Common use of Capital Expenditures Clause in Contracts

Capital Expenditures. Unless and until the Issuer shall have been released from its duties and obligations hereunder, the Issuer shall not make any expenditure (by long-term or operating lease or otherwise) for capital assets (either realty or personalty).

Appears in 114 contracts

Samples: Indenture (Nissan Auto Receivables 2019-C Owner Trust), NISSAN AUTO RECEIVABLES Co II LLC, NISSAN AUTO RECEIVABLES Co II LLC

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Capital Expenditures. Unless and until the Issuer shall have been released from its duties and obligations hereunder, the Issuer shall not make any expenditure (by long-term long‑term or operating lease or otherwise) for capital assets (either realty or personalty).

Appears in 68 contracts

Samples: Toyota Auto Receivables 2024-B Owner Trust, Toyota Auto Receivables 2024-a Owner Trust, Toyota Auto Receivables 2024-a Owner Trust

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