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, 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 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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Examples of Existing Synthetic Lease in a sentence

  • Each of the Existing Synthetic Lease Facility and the New Synthetic Lease Facility shall have been amended such that the combined principal amount under each facility does not exceed $25,000,000.

  • Buyer, Seller, and Quantum shall reasonably cooperate to produce, at least three (3) Business Days prior to the Required Closing Date, a schedule of prorations and closing costs in accordance with the provisions of this Agreement and the Existing Synthetic Lease (the “Closing Statement”), which is as complete and accurate as is then reasonably possible.

  • According to the abovementioned Order of the NCLT, Mr. Navneet Kumar Gupta having IP registration no.

  • That portion of the Existing Synthetic Lease Facility in the principal amount of not more than $25,000,000 which is to be refinanced or otherwise repaid by BGI and certain of its Subsidiaries not later than November 1, 2002.

  • Quantum and Seller acknowledge and agree that the sole remaining condition precedent under the Existing Synthetic Lease is the payment by Quantum to Seller of the Adjusted Lease Balance and other amounts due thereunder, which amounts will be paid by application of the Purchase Price in accordance with Section 5 hereof.

  • The date on which the SunTrust Portion is repaid in full and the outstanding principal amount of the Existing Synthetic Lease Facility is permanently reduced to $75,000,000.

  • Seller and Quantum shall share the cost of their performance of this Agreement in accordance with the terms of the Existing Synthetic Lease.

  • All conditions precedent to the conveyance by Seller of title to a third party buyer under the Existing Synthetic Lease shall have been satisfied or waived by Seller on or concurrently with the Close of Escrow.

  • 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.

  • The Participation Agreement and other Synthetic Lease Facility Documents (as defined in the Credit Agreement) as amended or modified to (but not including) the date hereof are collectively referred to herein as the "Existing Synthetic Lease Facility Documents".


More Definitions of Existing Synthetic Lease

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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Existing Synthetic Lease means the Synthetic Lease facility of BGI and certain of its Subsidiaries evidenced by the Existing Synthetic Lease Facility Documents.
Sample 1
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.
Sample 1
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.
Sample 1

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 product where such transaction is considered borrowed money indebtedness for tax purposes but is classified as an Operating Lease in accordance with 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, as applied to any Person, any lease of any property (whether real, personal or mixed) by that Person as lessee that, in conformity with GAAP, is or should be accounted for as a capital lease on the balance sheet of that 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.

  • Capitalized 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 and reflected as a liability on a balance sheet (excluding the footnotes thereto) in accordance with GAAP.

  • Financing Lease Obligation means 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 a Person means for any period the rental commitments of such Person for such period under leases for real and/or personal property (net of rent from subleases thereof, but including taxes, insurance, maintenance and similar expenses which such Person, as the lessee, is obligated to pay under the terms of said leases, except to the extent that such taxes, insurance, maintenance and similar expenses are payable by sublessees), including rental commitments under Capital Leases.

  • Non-Financing Lease Obligation means a lease obligation that is not required to be accounted for as a financing or capital lease on both the balance sheet and the income statement for financial reporting purposes 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 of a Person means any lease of Property by such Person as lessee which would be capitalized on a balance sheet of such Person prepared in accordance with Agreement Accounting Principles.

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

  • Capital Leases means, in respect of any Person, all leases which shall have been, or should have been, in accordance with GAAP, recorded as capital leases on the balance sheet of the Person liable (whether contingent or otherwise) for the payment of rent thereunder.

  • 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.

  • 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.