Common use of Leveraged Lease Clause in Contracts

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.

Appears in 2 contracts

Samples: Panda Interfunding Corp, Panda Interfunding Corp

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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 Partnership agrees to execute a supplement hereto to provide for such provisions as are customary and appropriate in respect of leveraged lease transactions.

Appears in 1 contract

Samples: Security Agreement (Panda Interfunding Corp)

Leveraged Lease. If, upon the sale of the Facility by the Partnership Borrower to the Owner Trustee in accordance with the provisions of the Loan AgreementTrustee, 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 an amendment or supplement hereto to provide for such provisions as are customary and appropriate in respect of leveraged lease transactions. Section 35.

Appears in 1 contract

Samples: Partner Pledge Agreement (Panda Interfunding Corp)

Leveraged Lease. If, upon the sale of the Facility by the Partnership Grantor 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 Grantor agrees to execute a supplement hereto to provide for such provisions as are customary and appropriate in respect of leveraged lease transactions.

Appears in 1 contract

Samples: Panda Interfunding Corp

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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 the payment of any such Lease Debt and to otherwise provide for such provisions as are customary and appropriate in respect of leveraged lease transactions.

Appears in 1 contract

Samples: Security Deposit Agreement (Panda Interfunding Corp)

Leveraged Lease. If, upon the sale of the Facility by the Partnership Borrower to the Owner Trustee in accordance with the provisions of the Loan AgreementTrustee, 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 an amendment or supplement hereto to provide for such provisions as are customary and appropriate in respect of leveraged lease transactions.

Appears in 1 contract

Samples: General Partner Pledge Agreement (Panda Interfunding Corp)

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