Early Termination Lease definition

Early Termination Lease means a 2015-2 Lease terminated by the related Lessee prior to its Maturity Date.
Sample 1Sample 2
Early Termination Lease means a 20[__]-[__] Lease terminated by the related Lessee prior to its Maturity Date.
Sample 1Sample 2Sample 3
Early Termination Lease means any Lease that has terminated prior to its scheduled expiration date (including because of a Casualty Loss), other than a Defaulted Lease.
Sample 1Sample 2Sample 3

Examples of Early Termination Lease in a sentence

  • The purchase price of such Additional Lease or Leases will be an amount equal to the proceeds of such Early Termination Lease.

  • In the event of an Early Lease Termination, any Substitute Leases in respect thereof must have a Discounted Present Value equal to or greater than that of the Early Termination Lease, monthly payments at least equal to those of the Early Termination Lease through the remaining term of such Early Termination Lease and a remaining term less than or equal to that of the Early Termination Lease.

  • Subject to the satisfaction of the requirements set forth in Section 5 and Section 11.01(b) hereof, in the event of an Early Lease Termination resulting in the prepayment in full of the related Early Termination Lease, the Seller will have the option to transfer to the Issuer an additional Eligible Lease (each, an "Additional Lease"), together with all right, title and interest in and to the Equipment (other than the Seller's ownership interests therein).

  • Early Termination Lease - a lease which has been prepaid prior to its original stated maturity.

  • Additional Lease - each separate lease agreement and each lease schedule or supplement (and each master lease agreement insofar as the same relates to any such schedule or supplement) acquired by the Company from the Seller with all or a portion of the proceeds of an Early Termination Lease that has been prepaid in full pursuant to Section 9 hereof.

  • A Lease will be considered to be an "Eligible Lease" if on the date such Lease is substituted for or added in replacement of an Early Termination Lease, such Lease satisfies the representations and warranties set forth in Section 2.04(a) through (r) and the requirements of Section 9 hereof.

  • The Transferor shall promptly deliver to the Trustee (or a custodian on its behalf) the original executed counterpart of each Substitute Lease and Early Termination Lease assigned to the Issuer pursuant to Section 9.01 hereof and the Issuer shall promptly request the Trustee to deliver to the Transferor the original executed counterpart of each Predecessor Lease for which substitution has been made pursuant to Section 11.01 hereof.

  • Subject to the satisfaction of the requirements set forth in Section 4 and Section 9.01(b) hereof, in the event of an Early Lease Termination which has been prepaid in full, the Issuer will have the option to reinvest the proceeds of such Early Termination Lease in one or more Additional Leases.

  • Any Early Termination Lease and the Equipment subject thereto which is acquired, or for which Additional Leases have been acquired or Substitute Leases transferred, pursuant to this Section 4.02 shall nevertheless remain subject to the Lien of the Indenture until such time as an Additional Lease or Additional Leases have been acquired or Substitute Lease or Substitute Leases have been transferred in accordance with the provisions of Section 9 hereof or the Lease Purchase Amount has been paid.

  • Early Termination Lease - a Lease as to which there has been an Early ----------------------- Lease Termination.


More Definitions of Early Termination Lease

Early Termination Lease means a 1997-B Lease which is terminated prior to its Maturity Date by agreement between the Servicer and the Obligor in connection with the payment (excluding payments in the form of non-cash items) of less than 100% of the Outstanding Principal Balance of a 1997-B Lease; provided, however, that such a 1997-B Lease will not constitute an Early Termination Lease if such deficit is less than $200.00.
Sample 1
Early Termination Lease a lease which has been prepaid prior to its original stated maturity. Eligible Lease - Section 4.02 hereof. Equipment - all units or items of equipment from time to time subject to any Lease and all such units or items of equipment (to the extent of the Trust's interest therein) remaining subject to the Lien of the Indenture following the expiration or termination of the Lease to which the same was previously subject. ERISA - the Employee Retirement Income Security Act of 1974, as amended.
Sample 1
Early Termination Lease means a 1999-A Lease which is terminated prior to its Maturity Date in connection with the retention of the related 1999-A Leased Vehicle by the Obligor or the Obligee, by the Servicer accepting payment (excluding payments in the form of non-cash items) of less than 100% of the Outstanding Principal Balance of a 1999-A Lease; provided, however, that such agreement is part of a lease termination program sponsored by WOFCO (or the Servicer, if other than WOFCO) specifically for the purpose of mitigating residual value losses, and not primarily for any other purpose, and pursuant to which WOFCO or the Servicer offers incentives to terminate such a 1999-A Lease prior to its Maturity Date; and provided, further, that such a 1999-A Lease will not constitute an Early Termination Lease if such deficit is less than $200.00.
Sample 1
Early Termination Lease or "Early Termination Leases" have no meanings set for in Section 6.M.
Sample 1

Related to Early Termination Lease

  • Early Termination means the Termination of Employment before Normal Retirement Age for reasons other than death, Disability, Termination for Cause or following a Change of Control.

  • Early Termination Payment is defined in Section 4.3(b) of this Agreement.

  • Early Termination Notice is defined in Section 4.2 of this Agreement.

  • Early Termination Date means the date determined in accordance with Section 6(a) or 6(b)(iv).

  • Early Termination Charge means, with respect to any 2019-B Lease that is terminated prior to its Maturity Date, an amount equal to the lesser of (a) the present value (discounted at the implicit rate of such 2019-B Lease) of all remaining Monthly Payments and (b) the excess, if any, of the adjusted 2019-B Lease balance over the related 2019-B Vehicle’s fair market wholesale value in accordance with accepted practices in the automobile industry (or by written agreement between the Servicer, on behalf of the Titling Trust, and the Lessee).

  • Early Termination Fee has the meaning set forth in Section 7.2.

  • Early Termination Schedule is defined in Section 4.2 of this Agreement.

  • Early Termination Rate means the lesser of (i) 6.5% per annum, compounded annually, and (ii) LIBOR plus 100 basis points.

  • Early Termination Conditions means the types of conditions listed in Schedule A.

  • Early Termination Notice Date Any date as of which the aggregate Stated Principal Balance of the Mortgage Loans (including REO Mortgage Loans) is less than 1.0% of the sum of the aggregate Cut-Off Date Balance of the Mortgage Pool initially included in the Trust Fund.

  • Lease Termination Payments means all payments received by or on behalf of any Seller with respect to a Lease with respect to any terminations, surrenders, modifications, renewals or amendments of any such Lease.

  • Automatic Early Termination provision of Section 6(a) will not apply to Party A and will not apply to Party B.

  • Early Termination Amount means, in respect of any Note, its principal amount or such other amount as may be specified in, or determined in accordance with, these Conditions or the relevant Final Terms;

  • Early Termination Event has the meaning specified in Section 9.2.

  • Early Termination Effective Date is defined in Section 4.2 of this Agreement.

  • Lease Termination Date means the last day of the Lease Term.

  • Termination Option means the option of either party to terminate a transaction in the event that the other party fails to perform a Firm obligation to deliver Gas in the case of Seller or to receive Gas in the case of Buyer for a designated number of days during a period as specified on the applicable Transaction Confirmation.

  • Termination Period means the period of time beginning with a Change in Control and ending on the earlier to occur of (1) two years following such Change in Control or (2) the Executive’s death.

  • Automatic Termination shall have the meaning set forth in Section 2.3.2.

  • Termination Payment has the meaning set forth in Section 6.03.

  • Company Termination Fee has the meaning set forth in Section 7.3(a).

  • Termination Payment Date means the date on which the RECIPIENT is required to repay to ECOLOGY any outstanding balance of the loan and all accrued interest.

  • Swap Termination Payment Upon the designation of an “Early Termination Date” as defined in the Swap Agreement, the payment to be made by the Swap Administrator to the Swap Provider from payments from the Trust Fund, or by the Swap Provider to the Swap Administrator for payment to the Trust Fund, as applicable, pursuant to the terms of the Swap Agreement.

  • Termination Benefit means the benefit set forth in Article 7.

  • Termination Option Event means an event of a kind defined as such in Section 4.1, 4.2 or 4.8.

  • Loan Termination Date means the earliest to occur of the following: (a) November , 2009, (b) the date the Obligations are accelerated pursuant to this Agreement or the Revolving Note and (c) the date the Bank has received (i) notice in writing from the Borrower of the Borrower’s election to terminate this Agreement or the Revolving Note or (ii) indefeasible payment in full of the Obligations.