Leasing Business Sample Clauses
The 'Leasing Business' clause defines the scope and nature of activities related to leasing that are permitted or regulated under the agreement. It typically outlines what constitutes leasing operations, such as renting out equipment, vehicles, or property, and may specify the types of assets involved or the parties authorized to engage in such activities. By clearly delineating what is considered part of the leasing business, this clause helps prevent disputes over the permitted use of assets and ensures all parties understand the boundaries of their leasing-related rights and obligations.
Leasing Business. To the best of the Seller’s and the Servicer’s knowledge, as appropriate, no Obligor is a Person involved in the business of leasing or selling equipment of a type similar to the Obligor’s related Financed Vehicle.
Leasing Business. The LEAF Financial Transferred Assets and the Missouri Property Lease to be entered into at Closing include all of the assets necessary for Transferee to operate the Leasing Business as the same has heretofore been operated by LEAF Financial and the LEAF Transferred Subsidiaries, excluding (i) the Retained Assets or (ii) the Retained Liabilities.
Leasing Business. 1 Letter...........................................................................................................