Common use of Only One Original Lease Clause in Contracts

Only One Original Lease. One originally executed counterpart of each Lease included in the Collateral shall be marked "original" and legended in form satisfactory to Mortgagee to indicate that such Lease is the original of a given Lease with all other copies marked "copy." The original Lease shall be delivered by Owner Trustee to Mortgagee together with the original bxxx of sale for the equipment being leased, prior to said Lease being included in the Borrowing Base (subject to the terms and conditions in the Loan Agreement).

Appears in 1 contract

Samples: Loan and Security Agreement (Aerocentury Corp)

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Only One Original Lease. One originally executed counterpart of each Lease included in the Collateral shall be marked "original" and legended in form satisfactory to Mortgagee to indicate that such Lease is the original of a given Lease with all other copies marked "copy." The original Lease shall be delivered by Owner Trustee Borrower to Mortgagee together with the original bxxx of sale for the equipment being leased, prior to said Lease being included in the Borrowing Base (subject to the terms and conditions in the Loan Agreement).

Appears in 1 contract

Samples: Loan and Security Agreement (Aerocentury Corp)

Only One Original Lease. One originally executed counterpart of each Lease included in the Collateral shall be marked "original" and legended in form satisfactory to Mortgagee to indicate that such Lease is the original of a given Lease with all other copies marked "copy." The original Lease shall be delivered by Owner Trustee Borrower to Mortgagee or its designee together with the original bxxx of sale for the equipment being leased, prior to said Lease being included in the Borrowing Base (subject to the terms and conditions in the Loan Agreement).

Appears in 1 contract

Samples: Mortgage and Security Agreement (Aerocentury Corp)

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Only One Original Lease. One originally executed counterpart of each Lease included in the Collateral shall be marked "original" and legended in form satisfactory to the Mortgagee to indicate that such Lease it is the original of a given the Lease with all other copies marked "copy." The original Lease lease shall be delivered by Owner Trustee the Borrower to the Mortgagee together with the original bxxx of sale invoices for the equipment being leased, prior to said Lease being included in the Borrowing Base (subject to the terms and conditions in the Loan Agreement)calculation.

Appears in 1 contract

Samples: Mortgage and Security Agreement (Willis Lease Finance Corp)

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