Sprint - Nextel 2015 Annual Report Download - page 297

Receivable; or (b) the return of a Device by a Customer not in the Device Return Condition;
“ Delinquent Receivables ” means any Customer Receivable that is considered in collections pursuant to the Credit and
Collections Policy, provided, that upon such Customer Receivable being written off in accordance with the Credit and
Collections Policy, such Customer Receivable shall not be considered a Delinquent Receivable;
“ Device ” means a mobile wireless handset that is subject to a Device Lease at the time such handset is initially acquired by
Lessor;
“ Device Lease ” has the meaning given to that term under Section 2.1(a) ( AgreementtoLease) of this Agreement;
“ Device Lease Commencement Date ” means with respect to a Device Lease, the commencement date of such Device
Lease as specified in the relevant Device Lease Schedule;
“ Device Lease Early Termination Amount ” means with respect to a Device under a Device Lease that has been
terminated prior to the end of the Term, an amount equal to the sum of (a) any previously unpaid Rental Payments, (b) the
Rental Payments that would have accrued under such Device Lease during the remainder of the Scheduled Device Lease
Term, if any, plus (b) the Device Residual Value of such Device as of the Expected Sales Date of such Device;
“ Device Lease Expiration Date” means with respect to a Device Lease, the scheduled expiration date of such Device Lease
as set forth in the relevant Device Lease Schedule;
“ Device Lease Payment Date ” means the last Business Day of a calendar month unless otherwise provided in the Device
Lease Schedules;
“ Device Lease Schedule ” means a schedule substantially in the form of Schedule 1 to this Agreement and initially included
in the Data File, as the same may be amended from time to time in accordance with Section 2.14 ( UpdatestoDevicesSubject
toDeviceLeaseandDataFile) of this Agreement;
“ Device Repurchase Agreement ” means the Amended and Restated Device Repurchase Agreement (Tranche 1), dated as
of the date hereof and effective as of the Amendment Closing Date, between the Originators and Lessor;
“ Device Residual Value ” means the device residual value as set forth in Schedule 2 (Device Residual Values);
“ Device Return Address ” means the following address:
(a) Mobile Leasing Solutions, LLC, Dept 5001, 1950 USG Drive, Libertyville, IL 60048; or