Review of Lease Contracts Sample Clauses

Review of Lease Contracts. If the Company discovers or is notified by the Trustee, MBIA or the Certificateholders that any Lease Contracts are missing or defective (that is, mutilated, damaged, defaced, incomplete, improperly dated, clearly forged or otherwise physically altered) in any material respect, or, with respect to titled Equipment, that the certificate of title naming the Transferor as owner (if the related Lease Contract is not a Loan Contract) and naming the Trustee as first lienholder is not in the Lease Contract File, as of the Funding Termination Date, the Company shall correct or cure such omission, defect or other irregularity within 30 days from the date the Company discovered, or is notified by the Trustee, MBIA or the Certificateholders of, such omission or defect. Otherwise, the Company shall repurchase such Lease Contract from the Transferor or replace such Lease Contract with a Substitute Lease Contract in accordance with Section 3.04(c) hereof.
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Review of Lease Contracts. 5 2.06 Nature of Transfer of Lease Receivables.................................................... 5
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Review of Lease Contracts. If any party to the Transaction Documents discovers that any Lease Contracts are missing or defective (that is, mutilated, damaged, defaced, incomplete, improperly dated, clearly forged or otherwise physically altered) in any material respect, LFC VI shall enforce its rights against LFG under the Lease Acquisition Agreement for the benefit of Issuer and the Indenture Trustee.
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Review of Lease Contracts. If the Company or the Indenture Trustee (who shall thereupon notify the Company) discovers that any Lease Contracts are missing or defective (that is, mutilated, damaged, defaced, incomplete, improperly dated, clearly forged or otherwise physically altered) in any material respect, the Company shall correct or cure such omission, defect or other irregularity within 30 days from the date the Company discovered, or is notified by the Indenture Trustee of, such omission or defect. Otherwise, the Company shall purchase such Lease Contract from the Issuer or replace such Lease Contract with a Substitute Lease Contract in accordance with Section 3.04(c) hereof.
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Review of Lease Contracts. If the Contributor or the Trustee (who shall thereupon notify the Contributor and the Issuer) discovers that any Lease Contracts are missing or defective (that is, mutilated, damaged, defaced, incomplete, improperly dated, clearly forged or otherwise physically altered) in any material respect, the Contributor shall correct or cure such omission, defect or other irregularity within thirty (30) days from the date the Contributor discovered such omission or defect, or from the date the Contributor is notified by the Trustee of such omission or defect. In the event the Contributor is unable to correct or cure such omission, defect or irregularity within the thirty (30) day period described in the preceding sentence, the Contributor shall purchase or replace such Lease Contract from the Issuer in accordance with Section 3.03 hereof.
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Review of Lease Contracts. If the Company, any of the Contributors, the Transferor or the Trustee (who shall thereupon notify the Company) discovers that any Lease Contracts, Certificates of Title or Applications for Certificates of Title, as applicable, are missing or defective (that is, mutilated, damaged, defaced, incomplete, improperly dated, clearly forged or otherwise physically altered) in any material respect, the Company or the applicable Contributor shall correct or cure such omission, defect or other irregularity within 30 days from the date the Company or the applicable Contributor discovered, or is notified by the Trustee, the Bond Insurer or the Transferor of, such omission or defect within such period. Otherwise, the Company or the applicable Contributor shall purchase or replace such Lease Contract from the Transferor in accordance with Section 3.03 hereof.
Sample 1
Review of Lease Contracts. If the Company, any of the Contributors, the Issuer or the Indenture Trustee (who shall thereupon notify the Company) discovers that any Lease Contracts are missing or defective (that is, mutilated, damaged, defaced, incomplete, improperly dated, clearly forged or otherwise physically altered) in any material respect, the Company or the applicable Contributor shall correct or cure such omission, defect or other irregularity within 30 days from the date the Company or the applicable Contributor discovered, or is notified by the Indenture Trustee, the Bond Insurer or the Issuer of, such omission or defect within such period. Otherwise, the Company or the applicable Contributor shall purchase or replace such Lease Contract from the Issuer in accordance with Section 3.03 hereof.
Sample 1
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Review of Lease Contracts. If the Company discovers or is notified by the Trustee, MBIA or the Certificateholders that any Lease Contracts are missing or defective (that is, mutilated, damaged, defaced, incomplete, improperly dated, clearly forged or otherwise physically altered) in any material respect, the Company shall correct or cure such omission, defect or other irregularity within 30 days from the date the Company discovered, or is notified by the Trustee, MBIA or the Certificateholders of, such omission or defect. Otherwise, the Company shall repurchase such Lease Contract from the Transferor or replace such Lease Contract with a Substitute Lease Contract in accordance with Section 3.04(c) hereof.
Sample 1

Related to Review of Lease Contracts

  • Use of Leased Property Xxxxxx agrees to use the Leased Property only as residence. Xxxxxx agrees to obey all federal, state and local laws and regulations when using the Leased Property. Xxxxxx agrees not to store any flammable or dangerous things in or around the Leased Property. Xxxxxx agrees not to do anything in or around the Leased Property, which could harm anyone or damage any property. Xxxxxx agrees that Tenant will not allow more than one person per bedroom to live in the Leased Property without the written permission of Landlord. The fact that Tenant may have conflict with a roommate will not act as grounds to terminate this Lease. In the event that Xxxxxx is arrested for or charged with any crime (other than a traffic related offense not involving illegal or controlled substances) during the term of the Lease, and/or Landlord is presented with evidence of activities of Tenant which shall constitute a nuisance or a threat to Landlord, other tenants, the Leased Property or the development, Landlord shall have the right to evict Tenant from the Leased Property.

  • Copies of Leases Copies of all current leases together with any ongoing evictions or legal matters related to the Property; and

  • Payment of Leasehold Obligations Each Borrower shall at all times pay, when and as due, its rental obligations under all leases under which it is a tenant, and shall otherwise comply, in all material respects, with all other terms of such leases and keep them in full force and effect and, at Agent’s request will provide evidence of having done so.

  • Lease Agreements 13.1 The Customer shall provide FPL a copy of the lease agreement, as applicable, for any and all leased interconnection equipment. 13.2 The Customer shall not enter into any lease agreement that results in the retail purchase of electricity; or the retail sale of electricity from the Customer-owned renewable generation. Notwithstanding this restriction, in the event it is determined by the Florida Public Service Commission that the Customer has entered such an agreement, the Customer shall be in breach of this Interconnection Agreement and the lessor may become subject to the jurisdiction and regulations of the Florida Public Service Commission as a public utility.

  • Ground Lease Reserved.

  • Operating Leases Incur any obligation to pay rent under an operating lease in any Fiscal Year if to do so would result in the aggregate obligation of Borrower and its Subsidiaries to pay rent under all operating leases in that Fiscal Year to exceed $4,000,000.

  • Space Leases (i) To Borrower’s best knowledge, Borrower has delivered a true, correct and complete schedule of all Space Leases as of the date hereof, which accurately and completely sets forth in all material respects, for each such Space Lease, the following (collectively, the “Rent Roll”): the name and address of the tenant; the lease expiration date, extension and renewal provisions; the base rent and percentage rent payable; and the security deposit held thereunder. (ii) Each Space Lease constitutes the legal, valid and binding obligation of Borrower or, the Operating Tenant, as applicable, and, to the knowledge of Borrower, is enforceable against the tenant thereof. No default exists, or with the passing of time or the giving of notice would exist, which would, in the aggregate, have a Material Adverse Effect. (iii) To Borrower’s best knowledge, no tenant under any Major Space Lease has, as of the date hereof, paid Rent more than thirty (30) days in advance, and the Rents under such Major Space Leases have not been waived, released, or otherwise discharged or compromised. (iv) To Borrower’s best knowledge, except as disclosed in writing to Lender, all work to be performed by Borrower under the Space Leases has been substantially performed, all contributions to be made by Borrower to the tenants thereunder have been made except for any held-back amounts, and all other conditions precedent to each such tenant’s obligations thereunder have been satisfied. (v) To Borrower’s best knowledge, except as previously disclosed to Lender in writing or contained in the Space Leases, there are no options to terminate any Space Lease. (vi) To Borrower’s best knowledge, each tenant under a Major Space Lease or such tenant’s authorized subtenant is currently occupying the space demised by such Major Space Lease. (vii) To Borrower’s best knowledge, Borrower has delivered to Lender true, correct and complete copies of all Space Leases described in the Rent Roll. (viii) No Space Lease has been assigned or, to Borrower’s best knowledge, modified, supplemented or amended in any way. (ix) To Borrower’s best knowledge, each tenant under each Space Lease is free from bankruptcy, reorganization or arrangement proceedings or a general assignment for the benefit of creditors. (x) To Borrower’s best knowledge, no Space Lease provides any party with the right to obtain a lien or encumbrance upon the Property superior to the lien of this Security Instrument.

  • Notice of Lease Owner shall give to Standard & Poor's Ratings Services, a Standard & Poor's Financial Services LLC business, a copy of any notice regarding a lease of the Aircraft required to be given to the Mortgagee pursuant to clause (w) of the first sentence of the penultimate paragraph of Section 4.02(b) of the Trust Indenture, at the time such notice is given to Mortgagee, if at such time Standard & Poor's is then rating the Pass Through Certificates.

  • Assignment of Leases The Assignment of Leases creates a valid assignment of, or a valid security interest in, certain rights under the Leases, subject only to a license granted to Borrower to exercise certain rights and to perform certain obligations of the lessor under the Leases, including the right to operate the Property. No Person other than Lender has any interest in or assignment of the Leases or any portion of the Rents due and payable or to become due and payable thereunder.

  • Tenant Leases All existing Tenant Leases are listed in the Rent Roll. Seller has delivered, prior to the date hereof, to Buyer true and complete copies of all Tenant Leases including, but not limited to all amendments and notices of commencement and renewal and all correspondence related thereto, with the exception of that certain lease with Motherhood Maternity at the Finger Lakes Property. The Rent Roll is accurate as to the information set forth therein in all material respects as of the date set forth therein. Except as set forth in the Rent Roll and the Tenant Leases, Seller has not entered into any oral or written Tenant Leases, nor has Seller given any person (other than the Tenants named in the Rent Roll) any right of possession to the Property or any part thereof, and there are no other Tenant Leases or rights of possession. Except as set forth in the Rent Roll and the Tenant Leases, Seller has not given any concessions of any kind or character (including, without limitation, free or reduced rent, free or reduced parking, buy-out, finish out, moving, refurbishment, Tenant equity in the Property, cash payments to Tenants, lease assumptions and other concessions or allowances granted to induce a Tenant to enter into a lease, or expand or renew a lease, (collectively, "Concessions")) to any Tenant. No rent under any Tenant Lease has been paid more than one (1) month in advance by any Tenant. No Tenant has made any claim against Seller for any security deposits or other deposits (which has not been satisfied), and, except as set forth in Exhibit B, no Tenant has any defense or offset to rent accruing after the Closing Date. The Tenant Leases described in the Rent Roll are in full force and effect (except as to Tenants in bankruptcy who may assume or reject such Tenant Leases) and, except as set forth on the Rent Roll, no breach exists in the payment of rents except as shown on the Rent Roll, no other default or breach exists on the part of any Tenant thereunder except as disclosed to Buyer in writing or identified on the Rent Roll, and except as set forth in Exhibit B, Seller has not received any notice of any alleged default or breach on the part of Seller thereunder. All Deposits (and a statement as to whether interest is payable thereon in accordance with the terms of the applicable Tenant Lease) are listed in the Rent Roll.

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