Sprint - Nextel 2015 Annual Report Download - page 233

“ Net Device Losses ” means, with respect to any Device for which the calculation of Device Losses resulted in an amount
less than zero, an amount equal to the lesser of (i) the Deferred Purchase Price with respect to such Device and (ii) the Device Losses
with respect to such Device (assuming the Device Losses are expressed as a positive amount solely for purposes of this clause (ii)).
As an example, if Device Losses are -50, for purposes of clause (ii), Device Losses would be expressed as 50.
“ OFAC ” shall have the meaning provided in the First Step Transfer Agreement.
“ Originator Charge ” shall have the meaning provided in the Support Services Agreement.
“ Originator Device Fee ” shall have the meaning provided in the Device Repurchase Agreement.
“ Other Payments ” means the sum of all Collections received by the Buyer, directly or indirectly, from Customers under the
Related Customer Leases (other than scheduled Customer Receivables and Customer Purchase Price Amounts).
“ PATRIOT Act ” shall have the meaning provided in the First Step Transfer Agreement.
“ Permitted Additional Tranches ” means any transaction entered into by Mobile Leasing Solutions acting for itself and/or on
behalf of any Series (other than Series 1) constituting non-recourse secured debt of Mobile Leasing Solutions and/or such Series
secured by mobile wireless devices and customer leases of such Series (whether held by such Series directly or held in the name of
Mobile Leasing Solutions on behalf of such Series) arising from a mobile telephony operator’s cellular telephony business and
which may also be secured by the membership interests in such Series and/or other assets of such Series (whether held by such
Series directly or held in the name of Mobile Leasing Solutions on behalf of such Series), which collateral does not constitute
collateral securing any other financing of Mobile Leasing Solutions (acting on behalf of itself or any Series) and in respect of which
the Persons providing such financing in connection with such transaction and their agents have entered into intercreditor
arrangements containing the Required Intercreditor Provision limiting the rights of such Persons and their agents to the specific
collateral securing such non-recourse debt.
“ Purchase Price ” shall have the meaning provided in Section 2.3 of this Agreement.
“ Qualified Purchaser ” means a “qualified purchaser” within the meaning of Section 2(a)(51) of the Investment Company
Act.
“ Related Customer Leases ” means each Customer Lease with respect to a Lease Closing Date Device identified on
Schedule II hereto.
“ Related Originator ” shall have the meaning provided in the First Step Transfer Agreement.
“ Related Purchase Price ” shall have the meaning provided in Section 2.3 of this Agreement.
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