LESSOR'S LENDER Sample Clauses

The 'Lessor's Lender' clause defines the rights and interests of any financial institution or lender that has provided financing to the lessor and holds a security interest in the leased property. Typically, this clause outlines the lender's ability to step in and exercise certain rights if the lessor defaults, such as receiving notices of default or having the opportunity to cure breaches before the lessee can terminate the lease. Its core practical function is to protect the lender's security interest in the leased asset, ensuring that their investment is safeguarded and that the lease cannot be terminated or altered without their involvement, thereby facilitating financing arrangements for the lessor.
LESSOR'S LENDER. Subject to LESSEE's rights pursuant to this Lease, LESSOR may at any time and without LESSEE's consent grant security interests over the Aircraft and assign the benefit of this Lease to a lender ("LESSOR'S LENDER") as security for LESSOR's obligations to LESSOR's Lender. Accordingly, if LESSOR's Lender requires, as a condition to providing financing, any nonsubstantive modification of this Lease, LESSEE agrees to enter into an agreement so modifying this Lease.
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LESSOR'S LENDER. Lessee understands and acknowledges that (a) the Aircraft may be subject to one or more security interests from time to time as the result of Lessor or an Affiliate of Lessor borrowing funds from one or more entities (collectively, “Lessor’s Lender”) and (b) as a result, Lessor may be required to collaterally assign part or all of its interest in the Aircraft and in and under this Agreement to secure the performance of its repayment and other obligations owing to Lessor’s Lender. Lessee agrees that, upon the written direction of Lessor, it shall consent to any such collateral assignment of Lessor’s rights under this Agreement; provided, however, that Lessor shall reimburse Lessee for any additional, out-of-pocket expenses (as reasonably supported by receipts and other documentation) associated with complying with this Section 20.14.
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LESSOR'S LENDER. Subject to Lessee’s rights pursuant to this Lease, Lessor may at any time and without Lessee’s consent grant Security Interests over the Aircraft and assign by way of security Lessor’s interest in the benefit of this Lease to one or more other lenders (each such entity, the “Lessor’s Lender”) as security for Lessor’s obligations to Lessor’s Lender.
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LESSOR'S LENDER. Lessee understands and acknowledges that (a) the Aircraft may be subject to one or more security interests from time to time as the result of Lessor or an Affiliate of Lessor borrowing funds from one or more entities (collectively, “Lessor’s Lender”) and (b) as a result, Lessor may be required to collaterally assign part or all of its interest in the Aircraft and in and under this Agreement to secure the performance of its repayment and other obligations owing to Lessor’s Lender. Lessee agrees that, upon the written direction of Lessor, it shall consent to any such collateral assignment of Lessor’s rights under this Agreement; provided, however, that Lessor shall reimburse Lessee for any additional, out-of-pocket expenses (as reasonably supported by receipts and other documentation) associated with complying with this Section 20.14. Initials: ABX:__________ DHL:__________
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LESSOR'S LENDER. Lessee understands and acknowledges that: (a) the Aircraft may be subject to one or more security interests from time to time as the result of Lessor or an Affiliate of Lessor borrowing funds from one or more entities (collectively, “Lessor’s Lender”); and (b) as a result, Lessor may be required to collaterally assign part or all of its interest in the Aircraft and in and under this Agreement to secure the performance of its repayment and other obligations owing to Lessor’s Lender. Lessee agrees that, upon the written direction of Lessor, it will consent to any such collateral assignment of Lessor’s rights under this Agreement if such collateral assignment is in form and substance satisfactory to Lessee, except that Lessor will reimburse Lessee for any reasonable and documented out-of-pocket expenses associated with complying with this Section 20.10 (including Lessee's attorney's fees) and such collateral assignment will not increase Lessee’s obligations or reduce Lessee’s rights under this Agreement or under the ATSA.
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LESSOR'S LENDER. (a) Lessee acknowledges that Lessor will assign each Lease to Lessor's Lender and grant a first priority security interest in all Equipment to Lessor's Lender as security for a loan made by Lessor's Lender to Lessor pursuant to the Assignment and Consent to Assignment of Lease, in the form attached hereto as Exhibit C. Lessee specifically consents to such assignment and agrees that Lessor's Lender shall be entitled to all the benefits of, but shall not be deemed to have assumed any of Lessor's obligations under, any Lease. (b) Lessee, until further advised by Lessor's Lender, shall remit all payments in respect of Monthly Rent, and all other payments due under each Lease, except Use Fees, Security Deposits, Transaction Fees and payments for the account of Lessor made pursuant to Sections 11 and 14(a)(i) hereof, by wire without offset, deduction or abatement for any reason whatsoever to: ABA #: 121 000 248 Bank: ▇▇▇▇▇ Fargo Bank San Francisco, CA Account #: 6001-945518 Acct Name: Terandon Leasing Corporation Monthly Rent Account Provided, however, that upon written notice sent by Lessor's Lender to Lessee certifying that an Event of Default has occurred under the loan facility between Lessor and Lessor's Lender, the Lessee shall remit all payments specified above directly to Lessor's Lender, all without offset, deduction or abatement for any reason whatsoever, at: Marine Midland Bank ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ ABA #: ▇▇▇-▇▇▇-▇▇▇ Account Name: Marine Midland Bank Account #: ▇▇▇-▇▇▇▇▇-▇ Attention: ▇▇. ▇▇▇ ▇▇▇▇▇▇▇▇ 17 Use Fees and Security Deposits, if any, due under the Lease shall be remitted without offset, deduction or abatement for any reason whatsoever to: ABA #: 021 001 088 Bank: Marine Midland Bank Buffalo, NY Account #: 750-460512 Acct Name Terandon Leasing Corporation Maintenance Reserve Deposit Account Payments, if any, for the account of Lessor's Lender made pursuant to Section 11 and 14 hereof, shall be remitted, without offset, deduction of abatement for any reason whatsoever to: Marine Midland Bank ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ ABA #: ▇▇▇-▇▇▇-▇▇▇ Account Name: Marine Midland Bank Account #: ▇▇▇-▇▇▇▇▇-▇ Attention: ▇▇. ▇▇▇ ▇▇▇▇▇▇▇▇ Transaction Fees and payments for the account of Lessor made pursuant to Sections 11 and 14(a)(i) hereof shall be remitted, without offset, deduction or abatement for any reason whatsoever, to: ABA #: 121 000 248 Bank: ▇▇▇▇▇ Fargo Bank ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ Mill Valley, CA Account ...
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Related to LESSOR'S LENDER

  • Lessor It is important that the full name of the Entity leasing the commercial space is reported as the Lessor.

  • Landlord’s Indemnity Subject to the limitations of Section 8.4 below and to the provisions of Section 8.19 below, to the maximum extent this agreement is effective according to law and to the extent not resulting from any act, omission, fault, negligence or misconduct of Tenant or its contractors, agents, licensees, invitees, servants or employees, Landlord agrees to defend with counsel first approved by Tenant (counsel appointed by Landlord's insurance carrier shall be deemed approved by Tenant and for any other circumstances such approval shall not be unreasonably withheld or delayed) indemnify and save harmless Tenant and Tenant's beneficiaries, partners, subsidiaries, officers, directors, agents, trustees and employees (collectively, the "Tenant Parties") from and against any claim arisin from any injury to any person occurring in the Premises, in the Buildings or on the Site after the date that possession of the Premises is first delivered to Tenant and until the expiration or earlier termination of the Lease Term, to the extent such injury results from the negligence or willful misconduct of Landlord or Landlord's agents, employees or contractors provided, however that in no event shall the aforesaid indemnity render Landlord responsible or liable for any loss or damage to fixtures or personal property of Tenant and Landlord shall in no event be liable for any indirect or consequential damages; and provided, further, that the provisions of this Section 4.4 shall not be applicable to the holder of any mortgage now or hereafter on the Site or the Buildings (whether or not such holder shall be a mortgagee in possession of or shall have exercised any rights under a conditional, collateral or other assignment of leases and/or rents respecting, the Site and/or Buildings) except to the extent otherwise agreed by such holder in any Subordination, Non-Disturbance and Attornment Agreement by and between Tenant and such holder.

  • LESSOR'S ACCESS; SHOWING PREMISES; REPAIRS Lessor and Lessor's agents shall have the right to enter the Premises at any time, in the case of an emergency, and otherwise at reasonable times for the purpose of showing the same to prospective purchasers, lenders, or lessees, and making such alterations, repairs, improvements or additions to the Premises or to the Building, as Lessor may reasonably deem necessary. Lessor may at any time place on or about the Premises or Building any ordinary "For Sale" signs and Lessor may at any time during the last one hundred eighty (180) days of the term hereof place on or about the Premises any ordinary "For Lease" signs. All such activities of Lessor shall be without abatement of rent or liability to Lessee.

  • Lessee The related Lessee is a Person other than MBFS USA, any Affiliate thereof or a Governmental Authority and, at the time of origination of the 201[__]-[__] Lease, based on information provided by the Lessee, the Lessee is located in and has a billing address within a State.

  • Lessor's Lien To the fullest extent permitted by applicable law, Lessor is granted a lien and security interest on all Lessee’s personal property now or hereinafter placed in or upon the Leased Property, and such lien and security interest shall remain attached to such Lessee’s personal property until payment in full of all Rent and satisfaction of all of Lessee’s obligations hereunder; provided, however, Lessor shall subordinate its lien and security interest to that of any non-Affiliate of Lessee which finances such Lessee’s personal property or any non-Affiliate conditional seller of such Lessee’s personal property, the terms and conditions of such subordination to be satisfactory to Lessor in the exercise of reasonable discretion. Lessee shall, upon the request of Lessor, execute such financing statements or other documents or instruments reasonably requested by Lessor to perfect the lien and security interests herein granted. Lessee hereby authorizes Lessor to execute and file financing statements signed only be a representative of Lessor covering the security interest of Lessor in Lessee’s personal property.