Eligible Lease Agreement definition

Eligible Lease Agreement means any Lease Agreement which meets each of the following conditions (unless otherwise agreed to in writing by the Administrative Agent):
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Eligible Lease Agreement means a Lease Agreement with respect to which each of the following is true, as determined by the Agent in its absolute discretion: (a) if a chattel paper original of the Lease Agreement exists, the Agent has received such chattel paper original, certified as such by the Borrower, (b) the Borrower has received the funds required under the Lease Agreement to be deposited as of such date by the Account Debtor for maintenance reserves and security deposits, (c) no default or event of default exists under the Lease Agreement, (d) the Lease Agreement is in the form required under SECTION 8.4 hereof, (e) the Lease Agreement has been duly authorized, executed and delivered by the Account Debtor and the Borrower and, if applicable, the Trust, (f) the Airframe Inventory or Engine Inventory subject to the Lease Agreement is owned by a Borrower or Trust, and the Borrower or Trust has taken all steps commercially customary in the jurisdiction where the Inventory is being used to protect its interest in such Airframe Inventory or Engine Inventory, (g) if the Account Debtor obligated under the Lease Agreement has had a letter of credit issued for the benefit of the Borrower (or Trust) securing any payments due under the Lease Agreement, such letter of credit has been duly assigned to the Agent for the benefit of the Secured Parties, (h) the Lease Agreement provides for return of the Inventory (or a satisfactory substitute therefor) subject to the Lease Agreement upon termination of the Lease Agreement, (i) the Lease Agreement contains provisions permitting the Borrower or Trust to repossess the Inventory upon the occurrence of a default or event of default, (j) the Lease Agreement provides that it is assignable by the Borrower or Trust without the Account Debtor's consent, and (k) the Agent has received a Notice of Assignment with respect to such Lease Agreement, fully executed by the Borrower (or Trust) and the Account Debtor.
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Eligible Lease Agreement means a Lease which is entered after the date hereof and is entered into in accordance with the terms and provisions of this Security Instrument and the other Loan Documents, it being agreed that the reference to "rental rates comparable to existing local market terms" in this Security Instrument shall mean the rental rate that a tenant would be obligated to pay a landlord in the local market where the Property is located assuming that the landlord is obligated for the payment of all normal and customary landlord work, leasing commissions and all other landlord expenses associated with the leasing of space.
Sample 1

Examples of Eligible Lease Agreement in a sentence

  • The Recipient must provide the following documents to the Agency: (a) invoice and receipts as proof of payment of Eligible Rent under the Eligible Lease Agreement for the previous Financial Quarter; (b) a Declaration; and (c) any other information requested by the Agency relating to the Recipient's compliance with this Agreement and eligibility for the Rental Rebate.

  • Contractor shall face debarment from CMLRE/Ministry in case of supply of sub-standard material, non-supply of material, abandonment of works, sub- standard quality of works, breach of code of integrity etc.

  • ATTACHMENT CHECKLIST☐ Financial statements including profit and loss statement for the last 3 years☐ Payroll records (e.g. payroll tax, employee records) for the last 3 years ☐ A copy of your Eligible Lease Agreement ☐ Two separate quotes from reputable fitout companies (if available) ☐ Pitch deck or information memorandum (max.

Related to Eligible Lease Agreement

  • Eligible Lease means, as of any date of determination, a Lease for a Property that satisfies all of the following:

  • 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.

  • Master Lease Agreement has the meaning set forth in Section 7.2(c)(xiv).

  • Lease Agreements shall have the meaning set forth in Section 3.14.

  • Sublease Agreement shall have the meaning specified in Section 8.2(b).

  • Lease-purchase agreement means an agreement for the use of personal property by an individual for personal, family or household purposes, for an initial period of four months or less, that is automatically renewable with each payment after the ini- tial period, but does not obligate or require the consumer to continue leasing or using the property beyond the initial period, and that permits the consumer to become the owner of the property.

  • 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:

  • Occupancy Agreement means a written agreement entered into between an assisted living program and a tenant that clearly describes the rights and responsibilities of the assisted living program and a tenant, and other information required by rule. “Occupancy agreement” may include a separate signed lease and signed service agreement.

  • Concession Agreement means the Concession Agreement referred to in Recital (A) above and annexed hereto as Annex-A, and shall include all of its Recitals and Schedules and any amendments made thereto in accordance with the provisions contained in this behalf therein;

  • leasing agreement means an agreement by which one person (the lessor) grants a right to possession or control of an object (with or without an option to purchase) to another person (the lessee) in return for a rental or other payment;

  • 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.

  • Space Lease The space or occupancy lease pursuant to which any Borrower holds a leasehold interest in the related Mortgaged Property, together with any estoppels or other agreements executed and delivered by the lessor in favor of the lender under the related Mortgage Loan(s).

  • Co-op Lease With respect to a Co-op Loan, the lease with respect to a dwelling unit occupied by the Mortgagor and relating to the stock allocated to the related dwelling unit.

  • Sub-Lease means the sub-lease entered into following the approval of an Approved Sub-lease;

  • Eligible Ground Lease means a ground lease containing terms and conditions customarily required by mortgagees making a loan secured by the interest of the holder of the leasehold estate demised pursuant to a ground lease, and shall include the following: (a) a remaining term (exclusive of any unexercised extension options) of 30 years or more from the date the applicable Property first becomes an Eligible Property; (b) the right of the lessee to mortgage and encumber its interest in the leased property without the consent of the lessor; (c) the obligation of the lessor to give the holder of any mortgage Lien on such leased property written notice of any defaults on the part of the lessee and agreement of such lessor that such lease will not be terminated until such holder has had a reasonable opportunity to cure or complete foreclosures, and fails to do so; (d) reasonable transferability of the lessee’s interest under such lease, including ability to sublease; and (e) clearly determinable rental payment terms which in no event contain profit participation rights.

  • the Lease means the lease of the said land to be granted by the Lessor to the Lessee pursuant to clause 2.1;

  • 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.

  • Easement Agreement means any conditions, covenants and restrictions, easements, declarations, licenses and other agreements which are Permitted Encumbrances and such other agreements as may be granted in accordance with Section 19.1.

  • Use Agreement means a written agreement between a primary licensee and a Type S applicant or licensee that specifies the designated area of the Type S licensee, the days and hours in which the Type S licensee is assigned to use the common-use area, any allocation of responsibility for compliance pursuant to Section 40196, and an acknowledgement that the Type S licensee has sole and exclusive use of the common- use area during the Type S licensee’s assigned time period.

  • Conveyance Agreement means the Conveyance Agreement Master Securitization Terms Number 1000, dated February 29, 2008, as amended and reaffirmed from time to time, among the Master Depositor, Deutsche Bank Trust Company Americas (as successor in interest to The Bank of New York Mellon Trust Company, National Association, formerly known as The Bank of New York Trust Company, N.A.), as eligible lender trustee for the benefit of the Master Depositor, VL Funding, as the depositor, Deutsche Bank Trust Company Americas (as successor in interest to The Bank of New York Mellon Trust Company, National Association, formerly known as The Bank of New York Trust Company, N.A.), as eligible lender trustee for the benefit of VL Funding, and Xxxxxx Xxx, Inc., as master servicer, together with each executed Purchase Agreement (as defined therein), each executed Xxxx of Sale (as defined therein) and all attachments thereto.

  • Rental agreement or "lease agreement" means all agreements, written or oral, and valid rules and

  • Lease Supplement means a Lease Supplement, substantially in the form of Schedule 2 hereto, to be entered into between Lessor and Lessee on the Delivery Date for the purpose of leasing the Aircraft under and pursuant to the terms of this Agreement, and any subsequent Lease Supplement entered into in accordance with the terms of this Agreement.

  • Master Leases refers to the four second amended and restated master lease agreements, dated as of April 27, 2007, by and among the Operating Partnership and Kindred Healthcare, Inc. and Kindred Healthcare Operating, Inc.

  • 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.

  • Master Lease means that certain [Master Lease title], relating to the leasing of, inter alia, the Healthcare Facility by Borrower to Master Tenant.

  • Installment lease contract means a lease contract that authorizes or requires the delivery of goods in separate lots to be separately accepted, even though the lease contract contains a clause "each delivery is a separate lease" or its equivalent.