Affected Lessor definition
Examples of Affected Lessor in a sentence
In the event that such reasonable efforts are insufficient to avoid or minimize such amounts that might be payable pursuant to Section 7.3, then such Lessor (the Affected Lessor) shall use its reasonable efforts to transfer to any other Lessor approved by Lessee (which itself is not then an Affected Lessor) its rights and obligations hereunder.
Affected Lessor shall have the meaning provided in Section 7.6 of the Participation Agreement.
Additionally, Lessee shall annually have an audit performed by a Certified Public Accountant to verify Lessee’s net worth if Lessee is not a publically traded company and provide Affected Lessor a copy of the results of that audit.