Existing Synthetic Lease definition

Existing Synthetic Lease means the Synthetic Lease with respect to the property in Visalia, Tulare County, California.
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Existing Synthetic Lease means the Synthetic Lease facility of BGI and certain of its Subsidiaries evidenced by the Existing Synthetic Lease Facility Documents.
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Existing Synthetic Lease means, collectively, (i) Master Agreement, dated as of May 30, 1997, among the Borrower, as lessee, Atlantic Financial Group, Ltd., as lessor, certain financial institutions parties thereto as lenders, and SunTrust Bank, as agent; (ii) Lease Agreement, dated as of May 30, 1997, between the Borrower and Atlantic Financial Group, Ltd; (iii) Master Agreement, dated as of June 3, 1999, among the Borrower, as lessee, Atlantic Financial Group, Ltd., as lessor, certain financial institutions party thereto as lenders and SunTrust Bank, as agent; (iv) Master Lease Agreement, dated as of June 3, 1999, between Atlantic Financial Group, Ltd., as lessor, and the Borrower, as lessee; (v) Master Agreement, dated as of October 11, 2000, among the Borrower, as lessee, Atlantic Financial Group, Ltd., as lessor, certain financial institutions parties thereto as lenders, and SunTrust Bank, as agent; (vi) Lease Agreement, dated as of October 11, 2000, between the Borrower and Atlan Financial Group, Ltd; (vii) Master Agreement, dated as of April 30, 2001, among the Borrower, as lessee, Atlantic Financial Group, Ltd., as lessor, certain financial institutions parties thereto as Lenders, and SunTrust Bank, as agent; and (viii) Lease Agreement, dated as of April 30, 2001, between the Borrower and Atlantic Financial Group, Ltd.
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Examples of Existing Synthetic Lease in a sentence

  • In calculating the Loan Parties' compliance with this Section 6.11, there shall be excluded any Capital Expenditures for the acquisition of the real and personal property subject to the Existing Synthetic Lease.

  • This fact sheet contains information or advice that’s intended to be general in nature and which was prepared without taking into account your personal objectives, financial situation or needs.

  • The Existing Synthetic Lease Facility shall have been amended such that the principal amount thereunder does not exceed $100,000,000.

  • A polynomial which vanishes at exactly the the xk+1-coordinate of every point in α R at which the order of P is greater than t will be called a minimal delineating polynomial.

  • Within 90 days of the Effective Date, the Borrower shall deliver written acknowledgment in form and substance reasonably satisfactory to the Administrative Agent from the agent or arranger of such Existing Synthetic Leases to the Administrative Agent that the obligations of the Borrower and its Subsidiaries to make payments for application to the debt and equity portions of the Existing Synthetic Lease shall have been satisfied.

  • Indebtedness of the Company and certain of its Subsidiaries in respect of the Existing Synthetic Lease Facility and the New Synthetic Lease Facility in the aggregate principal amount of approximately $100,000,000.

  • Permitted Exceptions are the Existing Space Lease, the Quantum Space Leases, and those exceptions to title to the Property which are otherwise approved or deemed approved by Buyer in accordance with this Agreement, and shall specifically exclude the Existing Synthetic Lease.

  • The Refinancing Advance will be applied to repay the various holders of interests in the principal balance of the Existing Synthetic Lease, and on the Closing Date Lessee will repay any other amounts owed by it under the Existing Synthetic Lease.

  • The proceeds of the Term Loans and the Revolving Loans made on the Restatement Effective Date will be used (i) to repay or refinance all amounts due or outstanding under the Original Agreement on the Restatement Effective Date, (ii) to repay all amounts due or outstanding under the Existing Synthetic Lease and (iii) to pay fees and expenses incurred in connection with the Transactions.

  • Each of the Existing Synthetic Lease Facility Documents shall have been amended by the Omnibus Amendment and the Omnibus Amendment shall have been duly executed and delivered by the respective parties thereto, shall be in full force and effect and shall be in form and substance satisfactory to the Syndication Agent.


More Definitions of Existing Synthetic Lease

Existing Synthetic Lease means the transactions and documentation entered into pursuant to (and including): (a) that certain Participation Agreement, dated as of March 30, 2006, among the Borrower, as lessee, BAL Investment & Advisory, Inc., as lessor, Wells Fargo Bank Northwest, National Association, as collateral agent, and the financial institutions party thereto, as lenders and (b) that certain Participation Agreement, dated as of March 14, 2008, among the Borrower, as lessee, BA Leasing BSC, LLC, as lessor, Wells Fargo Bank Northwest, National Association, as collateral agent, and the financial institutions party thereto, as lenders.
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Existing Synthetic Lease means the transactions and documentation entered into pursuant to (and including): (a) that certain Participation Agreement, dated as of March 30, 2006, among the Borrower, as lessee, BAL Investment & Advisory, Inc., as lessor, Xxxxx Fargo Bank Northwest, National Association, as collateral agent, and the financial institutions party thereto, as lenders and (b) that certain Participation Agreement, dated as of March 14, 2008, among the Borrower, as lessee, BA Leasing BSC, LLC, as lessor, Xxxxx Fargo Bank Northwest, National Association, as collateral agent, and the financial institutions party thereto, as lenders.
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Existing Synthetic Lease means, collectively, (i) that certain Master Agreement dated as of June 22, 2001 among Parent, as "Guarantor," Parent and certain of its Subsidiaries that may become party thereto, as "Lessees," Atlantic Financial Group, LTD., as "Lessor," the certain financial institutions party thereto, as "Lenders," and Lender, as "Agent" and (ii) that certain Master Lease Agreement dated as of June 22, 2001 between Atlantic Financial Group, LTC, as "Lessor," and Parent with certain of its Subsidiaries, and "Lessees."
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Existing Synthetic Lease means the Synthetic Lease Facility dated as of June 27, 2001, as amended from time to time prior to the Restatement Effective Date, between Rite Aid Realty Corp. and RAC Distribution Statutory Trust.
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Related to Existing Synthetic Lease

  • Synthetic Lease means any synthetic lease, tax retention operating lease, off-balance sheet loan or similar off-balance sheet financing arrangement whereby the arrangement is considered borrowed money indebtedness for tax purposes but is classified as an operating lease or does not otherwise appear on a balance sheet under GAAP.

  • Synthetic Leases means, in respect of any Person, all leases which shall have been, or should have been, in accordance with GAAP, treated as operating leases on the financial statements of the Person liable (whether contingently or otherwise) for the payment of rent thereunder and which were properly treated as indebtedness for borrowed money for purposes of U.S. federal income taxes, if the lessee in respect thereof is obligated to either purchase for an amount in excess of, or pay upon early termination an amount in excess of, 80% of the residual value of the Property subject to such operating lease upon expiration or early termination of such lease.

  • Synthetic Lease Obligation means the monetary obligation of a Person under (a) a so-called synthetic, off-balance sheet or tax retention lease, or (b) an agreement for the use or possession of property creating obligations that do not appear on the balance sheet of such Person but which, upon the insolvency or bankruptcy of such Person, would be characterized as the indebtedness of such Person (without regard to accounting treatment).

  • Synthetic Lease Obligations means, with respect to any Person, the sum of (i) all remaining rental obligations of such Person as lessee under Synthetic Leases which are attributable to principal and, without duplication, (ii) all rental and purchase price payment obligations of such Person under such Synthetic Leases assuming such Person exercises the option to purchase the lease property at the end of the lease term.

  • Capital Lease means, with respect to any Person, any lease of any property (whether real, personal or mixed) by such Person as lessee that, in accordance with GAAP, would be required to be classified and accounted for as a capital lease on a balance sheet of such Person.

  • Capital Lease Obligations of any Person means the obligations of such Person to pay rent or other amounts under any lease of (or other arrangement conveying the right to use) real or personal property, or a combination thereof, which obligations are required to be classified and accounted for as capital leases on a balance sheet of such Person under GAAP, and the amount of such obligations shall be the capitalized amount thereof determined in accordance with GAAP.

  • Capital Lease Obligation means, at the time any determination thereof is to be made, the amount of the liability in respect of a capital lease that would at such time be required to be capitalized on a balance sheet in accordance with GAAP.

  • Capitalized Lease Obligations means, with respect to any Person, obligations of such Person and its Subsidiaries under Capitalized Leases, and, for purposes hereof, the amount of any such obligation shall be the capitalized amount thereof determined in accordance with GAAP.

  • Operating Lease Obligations means all obligations for the payment of rent for any real or personal property under leases or agreements to lease, other than Capitalized Lease Obligations.

  • Capitalized Lease Obligation means an obligation under a lease that is required to be capitalized for financial reporting purposes in accordance with generally accepted accounting principles, and the amount of Indebtedness represented by such obligation shall be the capitalized amount of such obligation determined in accordance with such principles.

  • Financing Lease Obligation means, as applied to any Person, an obligation that is required to be accounted for as a financing or capital lease (and, for the avoidance of doubt, not a straight-line or operating lease) on both the balance sheet and income statement for financial reporting purposes in accordance with GAAP. At the time any determination thereof is to be made, the amount of the liability in respect of a financing or capital lease would be the amount required to be reflected as a liability on such balance sheet (excluding the footnotes thereto) in accordance with GAAP.

  • Lease Obligations of the Company and its Subsidiaries, as of the date of any determination thereof, the rental commitments of the Company and its Subsidiaries determined on a consolidated basis, if any, under leases for real and/or personal property (net of rental commitments from sub-leases thereof), excluding however, obligations under Financing Leases.

  • Non-Financing Lease Obligation means a lease obligation that is not required to be accounted for as a financing or capital lease in accordance with GAAP. For the avoidance of doubt, a straight-line or operating lease shall be considered a Non-Financing Lease Obligation.

  • Capitalized Lease means, as applied to any Person, any lease of any property (whether real, personal or mixed) of which the discounted present value of the rental obligations of such Person as lessee, in conformity with GAAP, is required to be capitalized on the balance sheet of such Person.

  • Capitalized Leases means all leases that have been or should be, in accordance with GAAP, recorded as capitalized leases.

  • Capital Leases means, as applied to any Person, any lease of (or any agreement conveying the right to use) any property (whether real, personal or mixed) by such Person as lessee which in accordance with GAAP, is required to be reflected as a liability on the balance sheet of such Person.

  • Finance Lease Obligations of any Person means the obligations of such person under any lease that meets the criteria of a finance lease (as defined by ASC 842) and would be capitalized on a balance sheet of such person prepared in accordance with GAAP, and the amount of such obligations at any time shall be the capitalized amount thereof at such time determined in accordance with GAAP.

  • Capitalized Lease Liabilities means the principal portion of all monetary obligations of the Borrower or any of its Subsidiaries under any leasing or similar arrangement which, in accordance with GAAP, would be classified as capitalized leases, and, for purposes of this Agreement and each other Loan Document, the amount of such obligations shall be the capitalized amount thereof, determined in accordance with GAAP.

  • Finance Lease Obligation means, at the time any determination thereof is to be made, the amount of the liability in respect of a Finance Lease that would at such time be required to be capitalized and reflected as a liability on a balance sheet (excluding the footnotes thereto) prepared in accordance with GAAP.

  • Funded Debt means all Indebtedness of the Borrower and the Restricted Subsidiaries for borrowed money that matures more than one year from the date of its creation or matures within one year from such date that is renewable or extendable, at the option of such Person, to a date more than one year from such date or arises under a revolving credit or similar agreement that obligates the lender or lenders to extend credit during a period of more than one year from such date, including Indebtedness in respect of the Loans.

  • Existing Leases means those leases, license agreements and occupancy agreements identified on Schedule 2.1.3, as the same may be amended or modified from time to time in accordance with the terms of this Agreement.

  • Synthetic Long Position means any option, warrant, convertible security, stock appreciation right, swap agreement or other security, contract right or derivative position, whether or not presently exercisable, that has an exercise or conversion privilege or a settlement payment or mechanism at a price related to the value of Common Stock or a value determined in whole or part with reference to, or derived in whole or in part from, the value of Common Stock and that increases in value as the value of Common Stock increases or that provides to the holder an opportunity, directly or indirectly, to profit or share in any profit derived from any increase in the value of Common Stock, in any case without regard to whether (i) such derivative conveys any voting rights in such securities to such Person or any of such Person’s Affiliates or Associates, (ii) such derivative is required to be, or capable of being, settled through delivery of such securities, or (iii) such Person or any of such Person’s Affiliates or Associates may have entered into other transactions that hedge the economic effect of such derivative. A Synthetic Long Position shall not include any interests, rights, options or other securities set forth in Rule 16a-1(c)(1)-(5) or (7) of the General Rules and Regulations under the Exchange Act.

  • Approved Lease has the meaning set forth in Section 6.11(a).

  • Permitted Lease means a lease permitted under Section 4.02(b) of the Trust Indenture.

  • Synthetic Debt means, with respect to any Person as of any date of determination thereof, all obligations of such Person in respect of transactions entered into by such Person that are intended to function primarily as a borrowing of funds (including any minority interest transactions that function primarily as a borrowing) but are not otherwise included in the definition of “Indebtedness” or as a liability on the consolidated balance sheet of such Person and its Subsidiaries in accordance with GAAP.

  • Permitted Contingent Obligations means, without duplication: (a) Contingent Obligations arising in respect of the Debt under the Note Documents; (b) Contingent Obligations resulting from endorsements for collection or deposit in the Ordinary Course of Business; (c) Contingent Obligations outstanding on the date of this Agreement and set forth on Schedule 8.1 (including any refinancings, extensions, increases or amendments to the indebtedness underlying such Contingent Obligations to the extent constituting (i) Refinancing Debt or (ii) extensions of the maturity thereof without any other change in terms); (d) Contingent Obligations incurred in the Ordinary Course of Business with respect to surety and appeal bonds, performance bonds and other similar obligations not to exceed $250,000 in the aggregate at any time outstanding; (f) Contingent Obligations arising under indemnity agreements with title insurers to cause such title insurers to issue to the Purchaser mortgagee title insurance policies; (g) Contingent Obligations arising with respect to customary indemnification obligations in favor of purchasers in connection with dispositions of personal property assets permitted under Section 8.6; (h) [Reserved]; (i) so long as there exists no Event of Default both immediately before and immediately after giving effect to any such transaction, Contingent Obligations existing or arising under any Swap Contract, provided, however, that such obligations are (or were) entered into by an Obligor or an Affiliate in the Ordinary Course of Business for the purpose of directly mitigating risks associated with liabilities, commitments, investments, assets, or property held or reasonably anticipated by such Person and not for purposes of speculation; and (j) other Contingent Obligations not permitted by clauses (a) through (i) above, not to exceed $250,000 in the aggregate at any time outstanding.