Maximum Lease Commitment definition
Maximum Lease Commitment means, on any date of determination, the sum of (i) the Aggregate Principal Balances on such date for all Group III Series of Notes, plus (ii) with respect to all Group III Series of Notes that provide for Enhancement in the form of overcollateralization, the sum of the available subordinated amounts on such date for each such Group III Series of Notes, plus (iii) the aggregate Net Book Values of all Group III Vehicles leased under the Master Lease on such date that were acquired, financed or refinanced with funds other than proceeds of Group III Series of Notes or related available subordinated amounts, plus (iv) any amounts held in the Retained Distribution Account that the Lessor commits on or prior to such date to invest in new Group III Vehicles for leasing under the Master Lease (as evidenced by a Company Order) in accordance with the terms of the Master Lease and the Indenture.
Maximum Lease Commitment means, on any date of determination, the sum of (i) the Aggregate Principal Balances on such date for all Group II Series of Notes, plus (ii) with respect to all Group II Series of Notes that provide for Enhancement in the form of overcollateralization, the sum of the available subordinated amounts on such date for each such Group II Series of Notes, plus (iii) the aggregate Net Book Values of all Group II Vehicles leased under the Master Lease on such date that were acquired, financed or refinanced with funds other than proceeds of Group II Series of Notes or related available subordinated amounts, plus (iv) any amounts held in the Retained Distribution Account that the Lessor commits on or prior such date to invest in new Group II Vehicles for leasing under the Master Lease (in each case, as evidenced by a Company Order) in accordance with the terms of the Master Lease and the Indenture.
Maximum Lease Commitment has the meaning given to it in the applicable Series Supplement.
Examples of Maximum Lease Commitment in a sentence
On each Due Date, each Lessee shall pay to the Lessor its allocable share of the Availability Payment in respect of the unutilized portion of the Maximum Lease Commitment.
On each Due Date, each Lessee shall pay to the Lessor its allocable share (as determined by the Master Servicer) of the Availability Payment in respect of the unutilized portion of the Maximum Lease Commitment.
The Lessor shall, subject to Section 4 and to compliance with the terms of the Indenture, make available to the Lessees under this Lease financing for Financed Vehicles (other than Texas Vehicles) in an aggregate amount, and Acquired Vehicles and Texas Vehicles for lease to the Lessees hereunder in an aggregate Net Book Value, which collectively shall not exceed the Maximum Lease Commitment.
The Lessor shall, subject to Section 4 and to compliance with the terms of the Indenture, make available to the Lessees under this Lease financing for Financed Vehicles in an aggregate amount, and Acquired Vehicles for lease to the Lessees hereunder in an aggregate Net Book Value, which collectively shall not exceed the Maximum Lease Commitment.
The Lessor shall, subject to Section 4 and to compliance with the terms of each Group VII Indenture, make available to the Lessees under this Lease financing for Financed Vehicles in an aggregate amount, and Acquired Vehicles for lease to the Lessees hereunder in an aggregate Net Book Value, which collectively shall not exceed the Maximum Lease Commitment.
More Definitions of Maximum Lease Commitment
Maximum Lease Commitment means, on any date of determination, the sum of (i) the Group V Invested Amount, plus (ii) the aggregate of the available subordinated amounts on such date for all Group V Series of Notes, plus (iii) the aggregate Net Book Values of all Group V Type I Repurchase Vehicles that are Eligible Vehicles leased under the Group V Lease as of such date which were acquired, financed, or refinanced with funds other than proceeds of any Group V Series of Notes or the available subordinated amounts for any Group V Series of Notes, plus (iv) the aggregate Type II Repurchase Vehicle Values of all Group V Type II Repurchase Vehicles that are Eligible Vehicles leased under the Group V Lease as of such date which were acquired, financed, or refinanced with funds other than proceeds of any Group V Series of Notes or the available subordinated amounts for any Group V Series of Notes, plus (v) any amounts held in the Budget Distribution Account that TFFC commits on or prior to such date to invest in new Group V Vehicles (as evidenced by an Officers' Certificate of TFFC) in accordance with the terms of the Group V Lease and the Indenture.
Maximum Lease Commitment means, on any date of determination, the sum of (i) the maximum face amount of the Series 2000-1 Note, plus (ii) the Series 2000-1 Available Subordinated Amount on such date, plus the aggregate Net Book Values of all Group II Vehicles leased under the Group II Master Lease as of such date which were acquired, financed, or refinanced with funds other than proceeds of the Series 2000-1 Note or the Series 2000-1 Available Subordinated Amount, plus (iv) any amounts held in the Budget Distribution Account that TFFC commits on or prior to such date to invest in new Group II Vehicles (as evidenced by an Officers' Certificate of TFFC) in accordance with the terms of the Group II Master Lease and the Indenture.
Maximum Lease Commitment means, on any date of determination, the sum (without duplication) of (i) the Aggregate Invested Amount on such date, plus (ii) with respect to all Series of Notes that provide for Enhancement in the form of overcollateralization, the sum of the available subordinated amounts on such date for each such Series of Notes, plus (iii) the aggregate Net Book Values of all Vehicles leased under the Lease on such date that were acquired, financed or refinanced with funds representing any portion of the Retained Interest (other than available subordinated amounts), plus (iv) any amounts held in the Retained Distribution Account that the Lessor commits on or prior such date to invest in new Vehicles (as evidenced by a Company Order) in accordance with the terms of the Lease and the Indenture.
Maximum Lease Commitment means, on any date of determination, the sum of (i) the Series 2001-4 Maximum Invested Amount on such date, plus (ii) the Series 2001-4 Available Subordinated Amount on such date, plus the aggregate Net Book Values of all Group IV Vehicles leased under the Group IV Master Lease as of such date which were acquired, financed, or refinanced with funds other than proceeds of the Series 2001-4 Note or the Series 2001-4 Available Subordinated Amount, plus (iv) any amounts held in the Budget Distribution Account allocable to Group IV Collateral that TFFC commits on or prior to such date to invest in new Group IV Vehicles (as evidenced by an Officer's Certificate of TFFC) in accordance with the terms of the Group IV Master Lease and the Indenture.
Maximum Lease Commitment is hereby amended by adding the parenthetical phrase "(and any other Lease with respect to Group II Vehicles)" after the words "Master Lease" on the last two lines thereof.
Maximum Lease Commitment means, on any date of determination with respect to a Lease, the sum of (i) the Aggregate Principal Balances on such date for all Series of Notes secured by such Lease, plus (ii) with respect to all Series of Notes secured by such Lease that provide for Enhancement in the form of overcollateralization, the sum of the available subordinated amounts (as defined in the Series Supplement for each applicable Series of Notes) on such date for each such Series of Notes, plus (iii) the aggregate Net Book Values of all Vehicles leased under such Lease on such date that were acquired, financed or refinanced with funds other than proceeds of Notes or available subordinated amounts, plus (iv) any amounts held in the Retained Distribution Account that the Lessor commits on or prior to such date to invest in new Eligible Vehicles (as evidenced by a Company Order) to be leased under and in accordance with the terms of such Lease and the applicable Series Supplement.
Maximum Lease Commitment means, on any date of determination, the sum of (i) the maximum face amount of the Series 1997-2 Notes, plus (ii) the Series 1997-2 Available Subordinated Amount on such date, plus the aggregate Net Book Values of all Series 1997-2 Vehicles leased under the Series 1997-2 Lease as of such date which were acquired, financed, or refinanced with funds other than proceeds of Series 1997-2 Notes or the Series 1997-2 Available Subordinated Amount, plus (iv) any amounts held in the Team Distribution Account that TFFC commits on or prior to such date to invest in new Series 1997-2 Vehicles (as evidenced by an Officer's Certificate of TFFC) in accordance with the terms of the Series 1997-2 Lease and the Indenture.