Matured Vehicle definition

Matured Vehicle as of any date means any Leased Vehicle the related Lease of which has reached its Maturity Date or has been terminated in connection with a Lessee Initiated Early Termination (and the Lessee is not in default under such Lease) or in connection with a Casualty Termination, which Leased Vehicle has been returned to the Servicer on behalf of the Titling Trust, if applicable.

Matured Vehicle means a 2017-1 Vehicle for which the related 2017-1 Lease has reached its Maturity Date.

Matured Vehicle means a 2011-1 Vehicle for which the related 2011-1 Lease has reached its Maturity Date.

Examples of Matured Vehicle in a sentence

• Subject to Section 6.05(b) and any applicable Servicing Supplement, the Servicer shall use commercially reasonable efforts to sell or otherwise dispose of any Matured Vehicle not purchased by the Lessee or a Dealer and to repossess or recover and sell or otherwise dispose of any Liquidated Vehicle.

• Limiting the power levels transmitted by Citizens Broadband Service users in a manner to protect against harmful interference enables spectrum sharing.

• The Servicer may purchase any2024-1 Leased Vehicle that becomes a Matured Vehicle pursuant to Section 2.6(f) of the Basic Servicing Agreement for a purchase price equal to the Contract Residual Value of the related 2024-1 Lease Agreement.

• The Servicer may purchase any2023-2 Leased Vehicle that becomes a Matured Vehicle pursuant to Section 2.6(f) of the Basic Servicing Agreement for a purchase price equal to the Contract Residual Value of the related 2023-2 Lease Agreement.

• Leased Vehicles returned to, or repossessed by, the Servicer in connection with Credit Terminations (each, a ""Defaulted Vehicle'') and (b) Leased Vehicles returned to the Servicer at the scheduled end of the related leases and in connection with Lessee Initiated Early Terminations and Casualty Terminations (each, a ""Matured Vehicle'').

More Definitions of Matured Vehicle

Matured Vehicle means a 2015-1 Vehicle for which the related 2015-1 Lease has reached its Maturity Date.

Matured Vehicle means a 20[__]-[__] Vehicle for which the related 20[__]-[__] Lease has reached its Maturity Date.

Matured Vehicle as of any date means any 1999-A Leased Vehicle the related 1999-A Lease of which has reached its Maturity Date and as to which all scheduled Monthly Lease Payments and other payments due thereunder have been made, and which Leased Vehicle has been returned to the Servicer on behalf of the Origination Trustee, on behalf of the Origination Trust, regardless of the status of the sale or other disposition of such 1999-A Leased Vehicle as of such date.

Matured Vehicle as of any date shall mean any Leased Vehicle the related Lease of which has reached its Lease Maturity Date, which Leased Vehicle has been returned to the Servicer.

Matured Vehicle as of any date, means any Leased Vehicle, the related Contract of which has reached its Maturity Date, and which Leased Vehicle has been returned to the Servicer on behalf of the Titling Trust (or the Titling Trustee on behalf of the Titling Trust), regardless of the status of the sale or disposition of such Leased Vehicle as of the date of such return.

Matured Vehicle means a 2024-1 Vehicle for which the related 2024-1 Lease has reached its Maturity Date.

Matured Vehicle means a 2009-1 Vehicle for which the related 2009-1 Lease has reached its Maturity Date.