Common use of Identification of Assets Clause in Contracts

Identification of Assets. In identifying Lease Agreements, Leased Vehicles and other assets to be allocated, acquired, assigned, transferred or reallocated pursuant to Section 4.1(b) and Sections 4.3(d), (e) or (f), the Settlor or the Certificateholder of the related Series, as applicable, will identify: (i) Lease Agreements by account number; (ii) Leased Vehicles by vehicle identification number; and (iii) any other Trust Assets by such description in such form that will permit the Administrative Trustee to identify such Trust Assets separately from any other Trust Assets.

Appears in 5 contracts

Sources: Trust Agreement (ACAR Leasing Ltd.), Trust Agreement (ACAR Leasing Ltd.), Trust Agreement (ACAR Leasing Ltd.)