Leveraged Lease Sample Clauses

Leveraged Lease. If, upon the sale of the Facility by the Partnership to the Owner Trustee in accordance with the provisions of the Loan Agreement, GE Capital exercises its option under subsection 5.8 of the Loan Agreement to cause the Owner Trustee to borrow funds to finance (or refinance) a portion of the purchase price of the Facility, the parties hereto agree to execute a supplement hereto to provide for such provisions as are customary and appropriate in respect of leveraged lease transactions.
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Leveraged Lease. 18 1.47A Monthly Net Capital Amount . . . . . . . . . . . . . . . . . . 18 1.48 Moving Average Actual Cost . . . . . . . . . . . . . . . . . . 18 1.49 Net Distributed Cost . . . . . . . . . . . . . . . . . . . . . 18 1.50 Net Sales Price. . . . . . . . . . . . . . . . . . . . . . . . 18 1.51 Nitric Acid Specifications . . . . . . . . . . . . . . . . . . 19 1.
Sample 1
Leveraged Lease. Leveraged lease is the same as the direct lease, except that a third party, the lender, is involved in addition to the lessee & lessor. The lender partly finances the purchase of the asset to be leased; the lessor turns to be a borrower. Difference between the Operating and Financial Lease Meaning of Securitisation: Securitisation can be defined as:
Sample 1
Leveraged Lease. Under this arrangement, the lessor borrows funds from the lender and provides a part of the money to acquire the asset. The lessor services the debt out of lease rentals. Thus, there is third party (lender) in addition to the lessor and the lessee. The lender is usually a financial institution or a commercial bank. Leverage lease is used in case of very large assets such as a ship or an aero plane.
Sample 1
Leveraged Lease. Under this lease, there are three parties involved; the Lessor, the lender and the lessee. Under the leveraged lease, the Lessor acts as an equity participant supplying a small portion of the total cost of the assets while the lender supplies the major part. In this, the lessor has no risk on the finance the lender gave. And the lessee’s payments go to the lender who takes the leased asset on default and the lender holds the title of the asset.
Sample 1

Related to Leveraged Lease

  • Operating Lease (i) Each Borrower shall (a) promptly perform and observe all of the covenants required to be performed and observed by it under the Operating Leases and do all things necessary to preserve and to keep unimpaired its material rights thereunder; (b) promptly notify Lender of any material default under any Operating Lease of which it is aware; (c) promptly deliver to Lender a copy of any notice of default or other material notice under any Operating Lease delivered to any Operating Lessee by Borrower; (d) promptly give notice to Lender of any notice or information that Borrower receives which indicates that an Operating Lessee is terminating its Operating Lease or that any Operating Lessee is otherwise discontinuing its operation of the applicable Individual Property; and (e) promptly enforce the performance and observance of all of the material covenants required to be performed and observed by the Operating Lessee under the applicable Operating Lease. (ii) If at any time, (A) an Operating Lessee shall become insolvent or a debtor in a bankruptcy proceeding or (B) Lender or its designee has taken title to an Individual Property by foreclosure or deed in lieu of foreclosure, has become a mortgagee-in-possession, has appointed a receiver with respect to the applicable Individual Property or has otherwise taken title to such Individual Property, Lender shall have the absolute right to (and Borrower and Operating Lessee shall reasonably cooperate and not in any way hinder, delay or otherwise interfere with Lender’s right to), immediately terminate the applicable Operating Lease under and in accordance with the terms of the applicable Subordination, Attornment and Security Agreement. (iii) Borrower shall not, without the prior written consent of Lender, which consent shall not be unreasonably withheld: (a) surrender, terminate or cancel any Operating Lease or otherwise replace any Operating Lessee or enter into any other operating lease with respect to any Individual Property, provided, however, at the end of the term of each Operating Lease, the applicable Borrower may renew such Operating Lease or enter into a replacement Operating Lease with Operating Lessee on substantially the same terms as the expiring Operating Lease except that Lender shall have the right to approve any material change thereto; (b) reduce or consent to the reduction of the term of any Operating Lease; or (c) enter into, renew, amend, modify, waive any provisions of, reduce Rents under, or shorten the term of any Operating Lease.

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