Approved Third Party Operating Leases definition

Approved Third Party Operating Leases means all operating leases for which either the Borrower or a Material Subsidiary is the lessor thereunder, except any operating lease for which LaSalle Leasing or a Subsidiary of LaSalle Leasing is a lessee.

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Approved Third Party Operating Leases means all operating leases for which either the Borrower or a Guarantor is the lessor thereunder, except

Approved Third Party Operating Leases means all operating leases for which either the Borrower or a Material Subsidiary is the

Examples of Approved Third Party Operating Leases in a sentence

• Except for (i) those Operating Leases between a Property Owner and LaSalle Leasing or a wholly-owned Subsidiary of LaSalle Leasing and (ii) the Approved Third Party Operating Leases, the only material leases of Unencumbered Properties for which either the Borrower or a Material Subsidiary is a lessee are the Qualified Ground Leases.

• Except for (i) those Operating Leases between a Property Owner and LaSalle Leasing or a wholly-owned Subsidiary of LaSalle Leasing and (ii) the Approved Third Party Operating Leases, the only material leases of Unencumbered Properties for which either the Borrower or a Guarantor is a lessee are the Qualified Ground Leases.

• Except for (i) those leases between a Property Owner and LaSalle Leasing or a wholly-owned Subsidiary of LaSalle Leasing and (ii) the Approved Third Party Operating Leases, the only material leases of Unencumbered Properties for which either the Borrower or a Guarantor is a lessee are the Qualified Ground Leases.