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 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.
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.
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.
Buyer acknowledges that the right to receive the Assigned Rent, and the Lease, are each encumbered by and subordinate to the rights of the Lender under the Senior Lien, and the rights of any Users under the User Leases.
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......................................10 Section 2.10.
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").
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.
Accordingly, Seller hereby agrees that Buyer may assign, pledge, transfer or otherwise grant a security interest in any and all of Buyer's rights and interests in and to the Equipment, the User Leases, the Collateral Equipment or the Collateral User Leases upon notice to, but without the consent of, Seller.
The Control Party, the Deal Agent and the Owners (and their agents), have the right to inspect the Owner Compressors, the receivables aging system and all books, records, reports, User Leases, insurance policies, and other documents relating to the Owner Compressors (including those involving any refinancing of the Series Enhancer), all in the format which the Manager uses for the UCI Compressors.