Asset Lease definition

Asset Lease means that Asset Lease Agreement, dated effective as of January 1, 2021, between Cheyenne Logistics and Cheyenne Renewable Diesel Company LLC.
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Asset Lease shall have the meaning of an operating Asset Lease for a term matching the term of the Cell Owner Agreement, under which the Trust or its nominee intends to lease the Solar Cells for and on behalf of the Solar Cell Owners, together with the Solar Equipment, to the Consumer.
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Asset Lease means an Asset Finance Lease or an Asset Operating Lease. “Asset Lease Documents” means, for each Asset Lease, any and all documents, instruments and agreements relating to such Asset Lease, including any and all related subleases, management agreements, engine program agreements, warranty agreements, tax indemnity agreements, time share agreements, interchange agreements, addenda, guarantees, letters of credit, Security Deposit agreements and other collateral or credit support documents, insurance certificates, UCC, aviation authority or other filings, and any amendments, supplements, novations or written consents with respect to any of the foregoing and any applicable assignment.
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Examples of Asset Lease in a sentence

  • The Borrower will not, nor will it permit any other Borrower Group Company to, enter into any arrangement with any Person providing for the leasing by any Borrower Group Company or its Subsidiaries of real or personal property except to a Borrower Group Company or to a lessee under an Asset Lease, in each case, in accordance with the provisions of the Loan Documents; provided, however, that a Borrower Group Company may enter into a leasing arrangement with a lessee for an Unfunded Asset.

  • With respect to each Asset Lease, either the Weighted Average Remaining Lease Term for all Asset Leases shall not be less than 12 months on a pro forma basis after giving effect to the making of the Loan, or the remaining term on such Asset Lease is equal to or greater than 12 months.

  • Insurance Such Asset Lease shall, in respect of the relevant Owned Asset, require the relevant Asset Lessee to maintain insurances, which insurances satisfy the requirements of Section 6.03 of this Agreement unless the Borrower shall have made alternative arrangements for insurance coverage satisfying such requirements.

  • The coverage and terms (including endorsements, deductibles and self-insurance arrangements) of any insurance maintained with respect to any Asset not subject to an Asset Lease or Loan Asset shall be consistent with the Standard of Care.

  • All Asset Payments provided by or on behalf of an Obligor to secure such Obligor’s obligations under an Asset Lease or a Loan Asset not paid to the Collections Account or an Obligor Funded Account shall be deposited into the appropriate Obligor Payment Account, in each case as the Servicer may determine (it being agreed and understood that any such amounts constituting Segregated Funds may be deposited directly into the appropriate Obligor Funded Account, as applicable).

  • Financial Statements To the extent consistent with the Standard of Care, the Asset Lease shall require that the related Asset Lessee deliver annual audited and periodic unaudited financial statements of such Asset Lessee or, if applicable, the related Underlying Obligor.

  • Each Asset Lease and Loan Asset shall contain provisions consistent with the Minimum Provisions and that are otherwise consistent with the Standard of Care.

  • The Asset Lease shall contain provisions requiring that the Asset Lessee will maintain the Owned Asset in good airworthy condition in accordance with the standards of a first-class cargo or passenger carrier, subject to the Standard of Care.

  • To the extent that the Security Trustee receives any partial loss proceeds in connection with a Funded Asset which has suffered an insured event that is not a Total Loss, the Security Trustee shall consent to the release and payment of all or part of such amount to the applicable Asset Lessee or Loan Asset Borrower in accordance with the applicable Asset Lease or Loan Asset.

  • If the Asset Lease is a Revolving Credit Finance Lease, the revolving amount available to the relevant Asset Lessee will not exceed the amount of supplemental rent or usage rent, however described, paid and not reimbursed to such Asset Lessee.


More Definitions of Asset Lease

Asset Lease means a lease, hire purchase agreement, conditional purchase agreement or other hiring arrangement for an asset used in the Business and including any such arrangement entered into by a Company Group Member between the date of this Agreement and the Completion Date, but excludes the Lease.
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Related to Asset Lease

  • Wet Lease means any arrangement whereby Owner or a Permitted Lessee agrees to furnish the Aircraft, Airframe or any Engine to a third party pursuant to which the Aircraft, Airframe or Engine shall at all times be in the operational control of Owner or a Permitted Lessee, provided that Owner’s obligations under the Trust Indenture shall continue in full force and effect notwithstanding any such arrangement.

  • Operating Lease of a Person means any lease of Property (other than a Capitalized Lease) by such Person as lessee which has an original term (including any required renewals and any renewals effective at the option of the lessor) of one year or more.

  • Ground Lease means a lease creating a leasehold estate in real property where the fee owner as the ground lessor conveys for a term or terms of years its entire interest in the land and buildings and other improvements, if any, comprising the premises demised under such lease to the ground lessee (who may, in certain circumstances, own the building and improvements on the land), subject to the reversionary interest of the ground lessor as fee owner. With respect to any Mortgage Loan where the Mortgage Loan is secured by a Ground Leasehold estate in whole or in part, and the related Mortgage does not also encumber the related lessor’s fee interest in such Mortgaged Property, based upon the terms of the Ground Lease and any estoppel or other agreement received from the ground lessor in favor of Mortgage Loan Seller, its successors and assigns (collectively, the “Ground Lease and Related Documents”), Mortgage Loan Seller represents and warrants that:

  • Site Lease or “Lease” means the Site Lease of even date herewith, by and between the District and the Lessor together with any duly authorized and executed amendment thereto under which the District leases the Site to the Lessor.

  • Lease means a transfer of the right to possession and use of goods for a term in return for consideration, but a sale, including a sale on approval or a sale or return, or retention or creation of a security interest is not a lease. Unless the context clearly indicates otherwise, the term includes a sublease.

  • Finance Lease means any lease or hire purchase contract which would, in accordance with the Accounting Principles, be treated as a finance or capital lease.

  • Lease Agreement means the bargain, with respect to the lease, of the lessor and the lessee in fact as found in their language or by implication from other circumstances including course of dealing or usage of trade or course of performance as provided in this article. Unless the context clearly indicates otherwise, the term includes a sublease agreement.