Common use of Non-Program Vehicles Clause in Contracts

Non-Program Vehicles. Each Group IV Lessee agrees to use commercially reasonable efforts to dispose of, at its own expense, on behalf of the Group IV Lessor in the case of Non-Program Group IV Acquired Vehicles, each Group IV Vehicle that is a Non-Program Vehicle (i) in a manner reasonably likely to maximize proceeds from such disposition and consistent with industry practice and (ii) prior to the expiration of the Non-Program Maximum Term for such Non-Program Vehicle; PROVIDED that Group IV Lessee may commence such efforts, at its option, any time prior to the expiration of the Non-Program Maximum Term.