Servicing of Lease Contracts and Equipment Sample Clauses

Servicing of Lease Contracts and Equipment. The Servicer shall service the Lease Assets for the benefit of the Transferor (and its successors and assigns), the Trustee, MBIA and the Certificateholders, in accordance with the terms and conditions of the Transaction Documents. Notwithstanding the foregoing, the Company acknowledges and agrees that its obligations under this Lease Acquisition Agreement are independent of any obligations it may have as Servicer and that its obligations under this Lease Acquisition Agreement will continue in full force and effect, whether or not it is acting as Servicer, until termination of this Lease Acquisition Agreement in accordance with Section 6.01 hereof.
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Servicing of Lease Contracts and Equipment. In connection with the contribution, assignment, transfer and conveyance of the Lease Contracts and the Equipment to the Purchaser pursuant to this Agreement, the Seller hereby agrees to service the Lease Contracts and Equipment for the benefit of the Purchaser (and its successors and assigns) in accordance with the terms and conditions of the Pooling and Servicing Agreement.
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Servicing of Lease Contracts and Equipment. The Servicer shall service the Lease Contracts and the other Lease Assets for the benefit of the Issuer (and its successors and assigns) in accordance with the terms and conditions of the Transaction Documents. Notwithstanding the foregoing, the Contributor acknowledges and agrees that its obligations under this Agreement are independent of any obligations it may have as Servicer and that its obligations under this Agreement will continue in full force and effect, whether or not it is acting as Servicer, until termination of this Agreement in accordance with Section 6.01 hereof, unless otherwise provided herein.
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Servicing of Lease Contracts and Equipment. The Servicer shall service the Lease Assets for the benefit of LFC VI (and its successors and permitted assigns) in accordance with the terms and conditions of the Transaction Documents. Notwithstanding the foregoing, LFG acknowledges and agrees that its obligations under this Agreement are independent of any obligations it may have as Servicer and that its obligations hereunder will continue in full force and effect, whether or not it is acting as Servicer, until termination of this Agreement in accordance with Section 6.01 hereof. LFG shall be permitted to retain the Servicing Files for so long as it is acting as Servicer under the Servicing Agreement.
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Servicing of Lease Contracts and Equipment. LFC VI agrees that the Servicer shall service the Lease Assets for the benefit of LFC VI and the Issuer (and their respective successors and assigns) in accordance with the terms and conditions of the Servicing Agreement and the other Transaction Documents. LFG shall be permitted to retain the Servicing Files for so long as it is acting as Servicer under the Servicing Agreement.
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Servicing of Lease Contracts and Equipment. The Servicer shall service the Lease Contracts and the related Lease Receivables and Equipment for the benefit of the Issuer (and its successors and assigns) in accordance with the terms and conditions of the
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Related to Servicing of Lease Contracts and Equipment

  • Contracts and Leases (a) Each Material Contract and Lease is a valid and subsisting agreement, without any material default of Seller thereunder, and to the knowledge of Seller, without any default on the part of any other party thereto. To the knowledge of Seller, no event or occurrence has transpired which with the passage of time or giving of notice or both will constitute a default under any Material Contract or Lease. A true and correct list of each Material Contract and Lease and every amendment thereto or other agreement or document relating thereto is set forth as Schedule 3.6 to this Agreement. True and correct copies of the Material Contracts and Leases (and any amendments thereto) have been provided to Purchaser. At the time of Closing, Seller shall have made all payments and performed all obligations due through the Closing Date under each Contract and Lease, except to the extent that any payment due is set forth on the Purchase Price Adjustment Schedule and deducted in calculating the Purchase Price pursuant to Section 2.3.

  • Lease Supplement The Lease Supplement No. 1 (Federal Express Corporation Trust No. N676FE) to be dated the Delivery Date, substantially in the form of Exhibit A to the Lease. Lease Term. The period commencing on the Delivery Date and ending at the end of the Basic Term. Lessee. Federal Express Corporation, a Delaware corporation.

  • Property Contracts Purchaser shall assume at Closing the obligations under the Property Contracts assumed by Purchaser; however, operating expenses shall be prorated under Section 5.4.2.

  • Leased Equipment Schedule 3.16(e) hereto contains a list of all leases or other agreements, whether written or oral, under which the Corporation is lessee of or holds or operates any items of machinery, equipment, tools, motor vehicles, furniture and fixtures or other property (other than real property) owned by any third party (collectively, the "Leased Equipment").

  • Service Contracts (a) The Trustees may, at any time and from time to time, contract for exclusive or nonexclusive advisory, management and/or administrative services for the Trust or for any Series with any Person; and any such contract may contain such other terms as the Trustees may determine, including without limitation, authority for the Investment Adviser to determine from time to time without prior consultation with the Trustees what investments shall be purchased, held, sold or exchanged and what portion, if any, of the assets of the Trust shall be held uninvested and to make changes in the Trust's investments, and such other responsibilities as may specifically be delegated to such Person.

  • Property and Equipment (a) The Company has good and valid title to, or in the case of leased property has valid leasehold interests in, all property and assets (whether real or personal, tangible or intangible) reflected on the Balance Sheet or acquired after the Balance Sheet Date. None of such properties or assets is subject to any Liens, except:

  • Approval of Leases, Contracts, Etc In fulfilling its duties to Owner, Manager may and hereby is authorized to enter into any leases, contracts or agreements on behalf of Owner in the ordinary course of the management, operation, maintenance and leasing of the Property.

  • Location of Real Property and Leased Premises (a) Schedule 3.20(a) lists completely and correctly as of the Closing Date all real property owned by the Borrower and the Subsidiaries and the addresses thereof. The Borrower and the Subsidiaries own in fee all the real property set forth on Schedule 3.20(a).

  • Equipment; Leasehold (a) All material items of equipment and other tangible assets owned by or leased to the Company are adequate for the uses to which they are being put, are in good condition and repair (ordinary wear and tear excepted) and are adequate for the conduct of the Company's business in the manner in which such business is currently being conducted.

  • Other Service Contracts The Trustees may authorize the engagement of a principal underwriter, transfer agent, administrator, custodian, and similar service providers.

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