GECC Lease Sample Clauses

GECC Lease. Effective as of the Effective Date (as hereinafter defined), (A) the GECC Lease Schedule and the GECC Lease are hereby amended such that the covenants referred to in Section 22 of the GECC Lease as consisting of Sections 5.02(b)-(q) of the Senior Credit Agreement are hereby amended by the Senior Credit Agreement Amendment, (B) the covenants attached hereto as Exhibit A (which are the covenants referred to in clause (A) above as amended by the Senior Credit Agreement Amendment) are hereby deemed to be attached to, and are deemed to have become a part of, the GECC Lease, (C) the GECC Lease Schedule and the GECC Lease are hereby amended such that the covenants referred to in Section 22 of the GECC Lease as consisting of Sections 5.02(b)-(q) of the Second Lien Credit Agreement are hereby amended by the Second Lien Credit Agreement Amendment, (D) the covenants attached hereto as Exhibit B (which are the covenants referred to in clause (C) above as amended by the Second Lien Credit Agreement Amendment) are hereby deemed to be attached to, and are deemed to have become a part of, the GECC Lease, and (E) Section 22 of the GECC Lease shall be amended to read in its entirety as follows:
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GECC Lease. Effective as of the Effective Date, (A) the GECC Lease Schedule and the GECC Lease are hereby amended such that the covenants attached hereto as Exhibit A are hereby deemed to be attached to, and are deemed to have become a part of, the GECC Lease, and (B) a new Section 22 of the GECC Lease shall be added to read in its entirety as follows:
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GECC Lease. 39 5.12 Gist-Brocades Distribution Agreement............................. 39 5.13 Board Approval of Seller......................................... 39 5.14 Management Services Agreement.................................... 40 5.15 Declaration of Trust............................................. 40
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GECC Lease. On or prior to the Closing Date, Seller shall terminate the GECC Lease and cause GECC to convey the equipment described on Schedule 4.10 (the "Corporation Equipment") to the Corporation and the remaining equipment covered by the GECC Lease to the Seller and to obtain from GECC a full release of the Corporation from any liability under the GECC Lease, and (b) to cause GECC to unconditionally release Buyer and its affiliates from the guaranty of the GECC Lease. The Corporation shall pay the portion of the purchase price of the Corporation Equipment payable to GECC in connection with such termination that represents repayment of principal and Seller shall pay all other costs associated with the termination of the GECC Lease, including, without limitation, any prepayment penalties or premiums included in such purchase price, all sales tax associated therewith, and the purchase price of and all costs associated with the equipment covered by the GECC Lease other than the Corporation Equipment.
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GECC Lease. GECC shall have (i) unconditionally released Buyer and its affiliates from the guaranty of the GECC Lease, and (ii) terminated the GECC Lease and conveyed the Corporation Equipment to the Corporation free and clear of any claims of GECC or Seller, all under documentation and arrangements reasonably satisfactory in form and substance to Buyer.
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Related to GECC Lease

  • Operating Lease The parties hereto intend that this Lease shall be deemed for all purposes to be an operating lease and not a capital lease.

  • Ground Lease Reserved.

  • Operating Lease Obligations On the Effective Date, none of the Loan Parties has any Operating Lease Obligations other than the Operating Lease Obligations set forth on Schedule 6.01(q).

  • Capital Lease Any lease of property (real, personal or mixed) which, in accordance with GAAP and Statement No. 13 of the Financial Accounting Standards Board would be capitalized on the lessee's balance sheet.

  • Operating Leases Not permit the aggregate amount of all rental payments under Operating Leases made (or scheduled to be made) by the Loan Parties (on a consolidated basis) to exceed $1,000,000 in any Fiscal Year.

  • Ground Leases For purposes of this Exhibit C, a “Ground Lease” shall mean a lease creating a leasehold estate in real property where the fee owner as the ground lessor conveys for a term or terms of years its entire interest in the land and buildings and other improvements, if any, comprising the premises demised under such lease to the ground lessee (who may, in certain circumstances, own the building and improvements on the land), subject to the reversionary interest of the ground lessor as fee owner. With respect to any Mortgage Loan where the Mortgage Loan is secured by a Ground Leasehold estate in whole or in part, and the related Mortgage does not also encumber the related lessor’s fee interest in such Mortgaged Property, based upon the terms of the Ground Lease and any estoppel or other agreement received from the ground lessor in favor of Mortgage Loan Seller, its successors and assigns (collectively, the “Ground Lease and Related Documents”), Mortgage Loan Seller represents and warrants that:

  • Lease Documents All leases, lease addendum, lease amendments, subleases, commencement verification letters, and any other letter agreements related thereto.

  • Lease Guaranty In the event of any sublease of any Leased Property(ies) or any portion thereof to an Affiliate of any Tenant pursuant to the terms of this Lease, regardless of whether Lessor’s prior consent is required therefor, such subtenant shall execute and deliver a Lease Guaranty relative to the Leased Property(ies) or portion thereof subleased by it. Tenant represents and warrants to Lessor that Schedule 40.12 attached hereto and made a part hereof reflects the identities of all Affiliates of any Tenant from whom a Lease Guaranty is required hereunder as of the Effective Date and the respective Leased Properties (or parts thereof) subleased by each of such Affiliates. Tenant agrees, from time to time within fifteen (15) days after receipt of a written request therefor from Lessor, to deliver to Lessor an Officer’s Certificate which updates all of the information contained in Schedule 40.12.

  • Lease The Lease Agreement (Federal Express Corporation Trust No. N676FE) dated as of June 15, 1998, as amended and restated as of July 15, 1998, entered into by the Lessor and the Lessee concurrently with the execution and delivery of the Indenture, including, without limitation, supplementation by one or more Lease Supplements entered into pursuant to the applicable provisions of the Lease.

  • New Lease The Ground Lease requires the ground lessor to enter into a new lease with Lender upon termination of the Ground Lease for any reason, including rejection of the Ground Lease in a bankruptcy proceeding.

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