Grant of Concurrent Lease Sample Clauses

Grant of Concurrent Lease. (1) Subject to the terms and conditions hereof, from time to time prior to the Termination Date, the Lessor may, by delivering a Concurrent Lease Request to the Concurrent Lessee at least five Business Days prior to the requested closing date specified in the Concurrent Lease Request (each, a "Lease Date"), but not more than once in any Reporting Period, request that the Concurrent Lessee, concurrently with and subject to the rights of the Lessees under the Designated Eligible Leases relating thereto, agree to enter into a lease effective as of the Cut-Off Date specified in the Concurrent Lease Request to possess and use the Equipment set out in such Concurrent Lease Request (any such lease granted by the Lessor to and in favour of the Concurrent Lessee as aforesaid being referred to herein as a "Concurrent Lease"). Unless the Concurrent Lessee notifies the Lessor that the Concurrent Lessee has elected not to enter into a Concurrent Lease within two Business Days of receipt of a Concurrent Lease Request, then, subject to the terms and conditions hereof, including section 4.2(c), the Concurrent Lessee will be deemed to have agreed to lease from the Lessor the Equipment set out in such Concurrent Lease Request on the terms and conditions of this Agreement. Each Concurrent Lease Request shall specify the Cut-Off Date related to the Concurrent Leases requested thereunder, the requested Lease Date, (which shall be the first day of a Tranche Period) the amount of Prepaid Rent required to prepay the Rent under such Concurrent Leases in accordance with section 2.4, (which in each case shall be for a minimum amount of $5 million) and the aggregate Residual Amount relating to such Concurrent Lease Request; provided, however, that the Concurrent Lessee shall have no obligation to concurrently lease any Equipment set out in a Concurrent Lease Request (i) if the Notes to be issued pursuant to such Concurrent Lease Request would have an outstanding aggregate principal amount of less than $5 million or would mature on a date other than the next succeeding Remittance Date or (ii) if more than one Tranche would be outstanding after the issuance of Notes in connection with such Concurrent Lease Request or (iii) until such time as the Lessor and the Concurrent Lessee have agreed on the Swap Rate relating to such Concurrent Lease Request, each acting reasonably, and the Concurrent Lessee shall have entered into a Swap Agreement in respect thereof in accordance with section 4....
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Related to Grant of Concurrent Lease

  • Postponement of Closing Date In the event that the Firm Units to which the default relates are to be purchased by the non-defaulting Underwriters, or are to be purchased by another party or parties as aforesaid, the Representative or the Company shall have the right to postpone the Closing Date for a reasonable period, but not in any event exceeding five (5) Business Days, in order to effect whatever changes may thereby be made necessary in the Registration Statement and/or the Prospectus, as the case may be, or in any other documents and arrangements, and the Company agrees to file promptly any amendment to, or to supplement, the Registration Statement and/or the Prospectus, as the case may be, that in the reasonable opinion of counsel for the Underwriters may thereby be made necessary. The term “Underwriter” as used in this Agreement shall include any party substituted under this Section 6 with like effect as if it had originally been a party to this Agreement with respect to such securities.

  • Sale and Purchase of Equity Interest 1.1 授予权利 Option Granted 鉴于甲方向乙方支付了人民币10元作为对价,且乙方确认收到并认为该对价足够,乙方在此不可撤销地授予甲方在中国法律允许的前提下,按照甲方自行决定的行使步骤,并按照本合同第1.3条所述的价格,随时一次或多次从乙方购买或指定一人或多人(“被指定人”)从乙方购买其现在和将来所持有的丙方的全部和/或部分股权(无论乙方出资额或持股比例将来是否发生变化)的一项不可撤销的专有权(“股权购买权”)。除甲方和被指定人外,任何第三人均不得享有乙方股权的购买权或其他与乙方股权有关的权利。丙方特此同意乙方向甲方授予股权购买权。本款及本合同所规定的“人”指个人、公司、合营企业、合伙、企业、信托或任何其他经济组织。 In consideration of the payment of RMB10.00 by Party A, the receipt and adequacy of which is hereby acknowledged by Party B, Party B hereby irrevocably grants Party A an irrevocable and exclusive right to purchase, or designate one or more persons (each, a “Designee”) to purchase the equity interests in Party C now or then held by Party B (regardless whether Party B’s capital contribution and/or percentage of shareholding is changed or not in the future) once or at multiple times at any time in part or in whole at Party A's sole and absolute discretion to the extent permitted by Chinese laws and at the price described in Section 1.3 herein (such right being the “Equity Interest Purchase Option”). Except for Party A and the Designee(s), no other person shall be entitled to the Equity Interest Purchase Option or other rights with respect to the equity interests of Party B. Party C hereby agrees to the grant by Party B of the Equity Interest Purchase Option to Party A. The term “person” as used herein shall refer to individuals, corporations, partnerships, partners, enterprises, trusts or any other type of economic entity.

  • Acquisition Agreements If the Equipment is subject to any Acquisition Agreement, Lessee, as part of this lease, transfers and assigns to Lessor all of its rights, but none of its obligations (except for Lessee's obligation to pay for the Equipment conditioned upon Lessee's acceptance in accordance with Paragraph 6), in and to the Acquisition Agreement, including but not limited to the right to take title to the Equipment. Lessee shall indemnify and hold Lessor harmless in accordance with Paragraph 19 from any liability resulting from any Acquisition Agreement as well as liabilities resulting from any Acquisition Agreement Lessor is required to enter into on behalf of Lessee or with Lessee for purposes of this lease.

  • Contribution Agreement The Agent shall have received an executed counterpart of the Contribution Agreement.

  • Consolidation Merger Sale Conveyance and Lease SECTION 10.01. Company May Consolidate, etc.,

  • Restrictions on Sale and Leaseback Transactions The Company will not, and will not cause or permit any Guarantor to, enter into any Sale and Leaseback Transaction, unless:

  • Sale or Lease of Assets Within any period of four consecutive fiscal quarters, the Borrower will not, nor will it permit any Subsidiary to, convey, sell, lease, transfer or otherwise dispose of assets, business or operations with a net book value in excess of 25% of Total Assets as calculated as of the end of the most recent such fiscal quarter.

  • Asset Sale In the event of an Acquisition that is an arms length sale of all or substantially all of Company’s assets (and only its assets) to a third party that is not an Affiliate of Company (a “True Asset Sale”), Holder may either (a) exercise its conversion or purchase right under this Warrant and such exercise will be deemed effective immediately prior to the consummation of such Acquisition or (b) permit the Warrant to continue until the Expiration Date if Company continues as a going concern following the closing of any such True Asset Sale. Company shall provide Holder with written notice of any proposed asset sale together with such reasonable information as Holder may request in connection with such asset sale giving rise to such notice, which is to be delivered to Holder not less than ten (10) business days prior to the closing of the proposed asset sale.

  • Sale and Leaseback The Borrower will not, and will not permit any of its Subsidiaries to, enter into any arrangement, directly or indirectly, whereby the Borrower or any Subsidiary of the Borrower shall sell or transfer any property owned by it in order then or thereafter to lease such property or lease other property that the Borrower or any Subsidiary of the Borrower intends to use for substantially the same purpose as the property being sold or transferred.

  • Limitations on Sale and Leaseback Transactions The Issuer will not, and will not permit any Restricted Subsidiary to, directly or indirectly, enter into any Sale and Leaseback Transaction; provided that the Issuer or any Restricted Subsidiary may enter into a Sale and Leaseback Transaction if:

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