Common use of Reallocation on Payment in Full or Cancellation Clause in Contracts

Reallocation on Payment in Full or Cancellation. On payment in full of the 20__-__ Exchange Note or cancellation of the 20__-__ Exchange Note at the direction of the Servicer under Section 6.1(b) of the Servicing Supplement, the 20__-__ Reference Pool will terminate and the Leases and Leased Vehicles allocated to the 20__-__ Reference Pool at that time will be reallocated to the Revolving Facility Pool.

Appears in 3 contracts

Sources: Exchange Note Supplement (CAB East LLC), Exchange Note Supplement (CAB East LLC), Credit and Security Agreement (CAB East LLC)

Reallocation on Payment in Full or Cancellation. On payment repayment in full of the 20__-__ 20 - Exchange Note or cancellation of the 20__-__ 20 - Exchange Note at the direction of the Servicer under Section 6.1(b) of the Servicing Supplement, the 20__-__ 20 - Reference Pool will terminate and the Leases and Leased Vehicles allocated to the 20__-__ 20 - Reference Pool at that time will be reallocated to the Revolving Facility Pool.

Appears in 2 contracts

Sources: Credit and Security Agreement (CAB East LLC), Credit and Security Agreement (CAB East LLC)

Reallocation on Payment in Full or Cancellation. On payment in full of the 20__-__ 20 - Exchange Note or cancellation of the 20__-__ 20 - Exchange Note at the direction of the Servicer under Section 6.1(b) of the Servicing Supplement, the 20__-__ 20 - Reference Pool will terminate and the Leases and Leased Vehicles allocated to the 20__-__ 20 - Reference Pool at that time will be reallocated to the Revolving Facility Pool.

Appears in 1 contract

Sources: Credit and Security Agreement (CAB West LLC)