Lease Financing Sample Clauses

Lease Financing. At the request of SJM or a SJM Target Account, Cambridge shall use commercially reasonable efforts to arrange lease financing for customers, who lease the Products, through Cambridge’s existing lease financing partners, subject to the customary customer lease approval process of Cambridge and such lease financing partners.

Lease Financing. (a) This Agreement shall be effective from and after the date of execution hereof. Subject to the terms and conditions set forth below, Lessor agrees to lease to Lessee, and Lessee agrees to lease from Lessor, the equipment ("Equipment") described in Annex A to any schedule hereto ("Schedule"). Terms defined or specified in a Schedule and not otherwise defined herein shall have the meanings ascribed to them in such Schedule. (b) The obligation of Lessor to purchase the Equipment from Lessee and to lease the same to Lessee shall be subject to receipt by Lessor, on or prior to the earlier of the Lease Commencement Date or Last Delivery Date therefor, of each of the following documents in form and substance satisfactory to Lessor: (i) a Schedule relating to the Equipment then to be leased hereunder, (ii) a ▇▇▇▇ of Sale, in the form of Annex B to the applicable Schedule, in favor of Lessor, (iii) evidence of insurance which complies with the requirements of Section 6, and (iv) such other documents as Lessor may reasonably request. Simultaneously with the execution of the ▇▇▇▇ of Sale, Lessee shall also execute a Certificate of Acceptance, in the form of Annex C to the applicable Schedule, covering all of the Equipment described in the ▇▇▇▇ of Sale. Upon execution by Lessee of any Certificate of Acceptance, the Equipment described thereon shall be deemed to have been delivered to, and irrevocably accepted by, Lessee for lease hereunder. (c) LESSEE ACKNOWLEDGES THAT IT HAS SELECTED THE EQUIPMENT WITHOUT ANY ASSISTANCE FROM LESSOR, ITS AGENTS OR EMPLOYEES. LESSOR DOES NOT MAKE, HAS NOT MADE, NOR SHALL BE DEEMED TO MAKE OR HAVE MADE, ANY WARRANTY OR REPRESENTATION, EITHER EXPRESS OR IMPLIED, WRITTEN OR ORAL, WITH RESPECT TO THE EQUIPMENT LEASED HEREUNDER OR ANY COMPONENT THEREOF, INCLUDING, WITHOUT LIMITATION, ANY WARRANTY AS TO DESIGN, COMPLIANCE WITH SPECIFICATIONS, QUALITY OF MATERIALS OR WORKMANSHIP, MERCHANTABILITY, FITNESS FOR ANY PURPOSE, USE OR OPERATION, SAFETY, PATENT, TRADEMARK OR COPYRIGHT INFRINGEMENT, OR TITLE. All such risks, as between Lessor and Lessee, are to be borne by Lessee. Without limiting the foregoing, Lessor shall have no responsibility or liability to Lessee or any other person with respect to any of the following (i) any liability, loss or damage caused or alleged to be caused directly or indirectly by any Equipment, any inadequacy thereof, any deficiency or defect (latent or otherwise) therein, or any other circumstance in connection ...

Lease Financing. 3.2.1 In the event that the Borrower intends to enter into a UK or French tax-advantaged lease financing for the Ship with the Lease Arranger, the Finance Parties shall agree to amend the Finance Documents and enter into such other documentation as may be required so that the facility provided hereby can be used to support such lease financing, provided that: (a) the terms and conditions of any amendments to the Finance Documents and any other documentation to be entered into by the Lenders are acceptable to the Finance Parties; and (b) the Security to be provided to the Lenders and the Swap Banks shall, in the opinion of the Lenders and the Swap Banks, be of at least equivalent value to the Transaction Security. 3.2.2 In connection with the matters referred to in Clause 3.2.1, the Finance Parties shall act in good faith and in accordance with their respective normal internal procedures for considering these and similar matters.

Lease Financing. 6.2.1. Subject to the prior written approval of Exchange, which shall not be unreasonably withheld or delayed, the Customer may assign a Schedule to this Agreement to a finance company for the sole purpose of financing the purchase of the System. In such event the Customer must inform Exchange in writing of the name, address and telephone number of the relevant finance company at least five (5) days prior to the planned date of such assignment and no later than ten

Lease Financing. “Banking Services Obligations” means any and all obligations of the Loan Parties and their Subsidiaries, whether absolute or contingent and howsoever and whensoever created, arising, evidenced or acquired (including all renewals, extensions and modifications thereof and substitutions therefor) in connection with Banking Services; provided, however, Banking Services Obligations in respect of Lease Financing shall be limited to Lease Deficiency Obligations. “Banking Services Reserves” means all Reserves which the Administrative Agent from time to time establishes in its Permitted Discretion for Banking Services then provided or outstanding. “Bankruptcy Code” means Title 11 of the United States Code entitled “Bankruptcy”, as now and hereafter in effect, or any successor statute. “Bankruptcy Event” means, with respect to any Person, when such Person becomes the subject of a voluntary or involuntary bankruptcy or insolvency proceeding, or has had a receiver, conservator, trustee, administrator, custodian, assignee for the benefit of creditors or similar Person charged with the reorganization or liquidation of its business, appointed for it, or, in the good faith determination of the Administrative Agent, has taken any action in furtherance of, or indicating its consent to, approval of, or acquiescence in, any such proceeding or appointment or has had any order for relief in such proceeding entered in respect thereof, provided that a Bankruptcy Event shall not result solely by virtue of any ownership interest, or the acquisition of any ownership interest, in such Person by a Governmental Authority or instrumentality thereof, unless such ownership interest results in or provides such Person with immunity from the jurisdiction of courts within the U.S. or from the enforcement of judgments or writs of attachment on its assets or permits such Person (or such Governmental Authority or instrumentality), to reject, repudiate, disavow or disaffirm any contracts or agreements made by such Person. “Beneficial Ownership Certification” means a certification regarding beneficial ownership as required by the Beneficial Ownership Regulation. “Beneficial Ownership Regulation” means 31 C.F.R. § 1010.230. “Benefit Plan” means any of (a) an “employee benefit plan” (as defined in Section 3(3) of ERISA) that is subject to Title I of ERISA, (b) a “plan” as defined in Section 4975 of the Code to which Section 4975 of the Code applies, and (c) any Person whose assets include (for purpo...

Lease Financing. Banking Services Obligations" means any and all obligations of the Loan Parties, whether absolute or contingent and howsoever and whensoever created, arising, evidenced or acquired (including all renewals, extensions and modifications thereof and substitutions therefor) in connection with Banking Services. "Banking Services Reserves" means all Reserves which the Administrative Agent from time to time establishes in its Permitted Discretion for Banking Services then provided or outstanding. "Bankruptcy Code" means Title 11 of the United States Code entitled "Bankruptcy", as now and hereafter in effect, or any successor statute. "Bankruptcy Event" means, with respect to any Person, when such Person becomes the subject of a voluntary or involuntary bankruptcy or insolvency proceeding, or has had a receiver, conservator, trustee, administrator, custodian, assignee for the benefit of creditors or similar Person charged with the

Lease Financing. Notwithstanding the provisions of section 10.18, the Issuer has received proposals or commitments for lease financing from certain lease financing companies identified as "New Leases" or "Leases to be finalized" on Schedule 10.19 hereto to acquire up to $1.3 million of lease financing proceeds. The Issuer shall have the right, but not the obligation, to obtain up to an aggregate of $1.3 million of lease financing on the terms proposed by such lessors, or with other lessors on substantially similar terms.

Lease Financing. “Banking Services Agreement ” means any agreement entered into by the Company or any Subsidiary in connection with Banking Services. “Banking Services Obligations ” means any and all obligations of the Company and its Subsidiaries, whether absolute or contingent and howsoever and whensoever created, arising, evidenced or acquired (including all renewals, extensions and modifications thereof and substitutions therefor) in connection with Banking Services; provided , however , that Banking Services Obligations in respect of Lease Financing shall be limited to Lease Deficiency Obligations. 5

Lease Financing. The purchase of the asset bestows the ownership rights and also responsibility of all consequential gains and losses. Further, the owner has to bear the maintenance cost also. Lease involves the use of an asset without assuming ownership. The owner of the asset is called Lessor and ownership is retained by lessor under leasing arrangement. Lessee, a firm or person acquiring an asset, has to pay rental (or otherwise called lease money) to the lessor. Lease financing is one of the methods of long term financing. Leasing contract stipulates the lease period rental payments, periodic intervals of payments repairs and maintenance, purchase option, taxes, insurance, risk of obsolescence, penalty for delay or non – payment of rental etc. It is an agreement under which the use and control of asset is permitted without passing on the title of the asset. In case the agreement provides, the lessor has to do maintenance and bear the cost of maintenance and upkeep of the equipment. In some cases, the lessee has to bear the cost of maintenance. In any case, it has to be stipulated clearly in the leasing contract about the maintenance. If the lease is not renewed the lessor takes the possession of the asset after the expiry of existing lease period.