Authorized Newspaper means a newspaper of general circulation in The City of New York, printed in the English language and customarily published on each Business Day, whether or not published on Saturdays, Sundays, and holidays.
Authorized Officer means (a) with respect to the Issuing Entity, (i) any officer of the Owner Trustee who is authorized to act for the Owner Trustee in matters relating to the Issuing Entity and who is identified on the list of Authorized Officers delivered by the Owner Trustee to the Indenture Trustee on the Closing Date and (ii) so long as the Trust Administration Agreement is in effect, the President, any Vice President, the Treasurer, any Assistant Treasurer, the Secretary, and any Assistant Secretary of the Administrative Agent, and (b) with respect to the Servicer, the President, any Vice President, the Treasurer, any Assistant Treasurer, the Secretary, and any Assistant Secretary of the Servicer.
Automotive Lease Guide means the publication of such name, which includes residual factors, or any successor publication.
Available Funds means, for any Payment Date and the related Collection Period, the sum of the following amounts: (i) SUBI Collections, (ii) Advances and (iii) in the case of an Optional Purchase, the Optional Purchase Price.
Available Funds Shortfall Amount means, for any Payment Date and the related Collection Period, the amount, if any, by which Available Funds are less than the sum of (a) the Servicer Monthly Payment and (b) the amount necessary to make the distributions in clauses (ii) and (iii) of Section 8.04(a) of the Indenture, except that the Principal Distribution Amount rather than the Monthly Principal Distributable Amount shall be used for purposes of clause (iii).
Available Principal Distribution Amount means, for any Payment Date and the related Collection Period, an amount equal to the excess, if any, of (a) the sum of (i) Available Funds remaining after the Servicer has been paid the Servicer Monthly Payment and (ii) the Reserve Account Draw Amount over (b) accrued interest paid on the Notes on such Payment Date.
Bankruptcy Code means the United States Bankruptcy Code, 11 U.S.C. Section 101 et seq.
Base Residual means the lowest of (i) the Contract Residual, (ii) the ALG Residual, and (iii) the MRM Residual.
Basic Documents means the Servicing Agreement, the SUBI Trust Agreement, the Trust Agreement, the Trust Administration Agreement, the Indenture, the SUBI Certificate Transfer Agreement, the Trust SUBI Certificate Transfer Agreement, the Asset Representations Review Agreement, the Underwriting Agreement, this Agreement of Definitions, the 2020-A SUBI Certificate and the Securities.
Basic Servicing Agreement means the servicing agreement, dated as of March 1, 1999, as amended by the First Amendment to Servicing Agreement, dated as of January 3, 2001, and as further amended by the Second Amendment to Servicing Agreement, dated as of January 27, 2020, among the Titling Trust, the UTI Beneficiary, and the Servicer.
| || || || |
| || ||6 || ||(NALT 2020-A Agreement of Definitions)|