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 (i) Each Borrower shall (a) promptly perform and observe all of the covenants required to be performed and observed by it under the Operating Leases and do all things necessary to preserve and to keep unimpaired its material rights thereunder; (b) promptly notify Lender of any material default under any Operating Lease of which it is aware; (c) promptly deliver to Lender a copy of any notice of default or other material notice under any Operating Lease delivered to any Operating Lessee by Borrower; (d) promptly give notice to Lender of any notice or information that Borrower receives which indicates that an Operating Lessee is terminating its Operating Lease or that any Operating Lessee is otherwise discontinuing its operation of the applicable Individual Property; and (e) promptly enforce the performance and observance of all of the material covenants required to be performed and observed by the Operating Lessee under the applicable Operating Lease. (ii) If at any time, (A) an Operating Lessee shall become insolvent or a debtor in a bankruptcy proceeding or (B) Lender or its designee has taken title to an Individual Property by foreclosure or deed in lieu of foreclosure, has become a mortgagee-in-possession, has appointed a receiver with respect to the applicable Individual Property or has otherwise taken title to such Individual Property, Lender shall have the absolute right to (and Borrower and Operating Lessee shall reasonably cooperate and not in any way hinder, delay or otherwise interfere with Lender’s right to), immediately terminate the applicable Operating Lease under and in accordance with the terms of the applicable Subordination, Attornment and Security Agreement. (iii) Borrower shall not, without the prior written consent of Lender, which consent shall not be unreasonably withheld: (a) surrender, terminate or cancel any Operating Lease or otherwise replace any Operating Lessee or enter into any other operating lease with respect to any Individual Property, provided, however, at the end of the term of each Operating Lease, the applicable Borrower may renew such Operating Lease or enter into a replacement Operating Lease with Operating Lessee on substantially the same terms as the expiring Operating Lease except that Lender shall have the right to approve any material change thereto; (b) reduce or consent to the reduction of the term of any Operating Lease; or (c) enter into, renew, amend, modify, waive any provisions of, reduce Rents under, or shorten the term of any Operating 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).

  • Operating Leases Incur any obligation to pay rent under an operating lease in any Fiscal Year if to do so would result in the aggregate obligation of Borrower and its Subsidiaries to pay rent under all operating leases in that Fiscal Year to exceed $4,000,000.

  • 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 Supplement The Lease Supplement No. 1 (Federal Express Corporation Trust No. N676FE) to be dated the Delivery Date, substantially in the form of Exhibit A to the Lease. Lease Term. The period commencing on the Delivery Date and ending at the end of the Basic Term. Lessee. Federal Express Corporation, a Delaware corporation.

  • Lease Agreement On the terms stated in this Lease, Landlord leases the Premises to Tenant, and Tenant leases the Premises from Landlord, for the Term beginning on the Commencement Date and ending on the Termination Date unless extended or sooner terminated pursuant to this Lease.

  • Site Lease Facilities Lease, including Exhibits A-G

  • 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.

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