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. 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. The Company shall, and shall cause its Subsidiaries to, use reasonable efforts to finance all automobile leases originated by the Company or its Subsidiaries on terms designed to minimize any pre-payment penalties that could be imposed on the Company or any of its Subsidiaries.
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. “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. “Benchmark” means, initially, with respect to any (i) RFR Loan, the Daily Simple SOFR, (ii) Adjusted REVSOFR30 Rate Loan, the REVSOFR30 Rate or (iii) Term Benchmark Loan, the Term SOFR Rate; provided that if a Benchmark Transition Event and the related Benchmark Replacement Date have occurred with respect to the Daily Simple SOFR, the REVSOFR30 Rate o...
Lease Financing. (1) Within sixty (60) days, the Board shall adopt, implement and ensure adherence to policies and procedures designed to conform the Bank’s lease financing line of business to laws, regulations and the “Lease Financing” booklet of the Comptroller’s Handbook (August, 2014, as revised). At a minimum, the policies and procedures shall correct the weaknesses in the Bank’s lease financing line of business identified in the most recent XXX, and shall include:
(a) credit analysis expectations, repayment terms, collateral requirements, documentation standards, borrower equity, and guarantor standards in the policy;
(b) requiring complete, accurate, and current analysis at underwriting and during annual reviews that includes, but is not limited to: cash flow, balance sheet, guarantor, and collateral analysis;
(c) requiring current financial and collateral information at underwriting and, when applicable, during annual review; and
(d) procedures to ensure that risk ratings for commercial leases conform to the “Rating Credit Risk” booklet of the Comptroller’s Handbook (April, 2001).
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 Xxxx 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 Xxxx 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 Xxxx 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. 1. Lease Financing shall be denominated in Taka.
2. The charge on Lease Financing shall be determined by the Leasing Company in accordance with its usual financial practices and allow for a spread to the Leasing Company sufficient to cover its costs, and a profit margin; provided, however, that each charge shall consist in part of an amortization component, which component shall be calculated as if: (A) the Lease Financing were a loan for the amount of the leased plant’s, equipment’s and machinery’s value; (B) each charge were a payment of interest and principal under such loan; and (C) each amortization component were the principal amount included in each such payment of interest and principal.
3. Lease Financing shall be over a period of time not exceeding six years determined by the respective Leasing Company in accordance with its usual practices.
4. The maximum size of the Lease Financing, and the maximum Lease Financing outstanding to any one Investment Enterprise, by a Leasing Company shall not exceed:
(i) 25% of the Leasing Company’s capital, defined as paid-in capital and reserves, including general reserves, but excluding specific provisions for bad and doubtful debts; or (ii) TK100,000,000 at the time of Lease Financing commitment.
5. No expenditures for plant equipment or machinery vehicles required for an Investment Project shall be eligible for financing out of the proceeds of the Credit unless:
(a) the Lease Financing for such Investment Project shall have been approved by the Association and such expenditures shall have been made not earlier than 120 days prior to the date on which the Association shall have received in respect of such Lease Financing the application and information required under paragraph 6 (a) of Part B of this Schedule in respect of such Lease Financing; or
(b) the Lease Financing for such Investment Project shall have been a Lease Financing for which the Association has authorized withdrawals from the Credit Account without prior approval by the Association and such expenditures shall have been made not earlier than 120 days prior to the date on which the Association shall have received the request and information required under paragraph 6 (b) of Section B of this Schedule in respect of such Lease.
(a) When presenting a Lease Financing to the Association for approval, the Borrower shall forward to the Association an application submitted by the Leasing Company, in form satisfactory to the Association, together with: (...
Lease Financing. 285 329 All other..................................................... 1,159 1,053 Unearned income............................................... (37) (76) ------- ------- 8,569 7,089 ------- ------- $31,067 $31,005 ======= =======
Lease Financing. 84 6.15. Termination of Certain Activities . . . . . . 84
