Existing Synthetic Leases definition

Existing Synthetic Leases means all synthetic leases existing on the Amendment Effective Date and set forth on Schedule II.

Existing Synthetic Leases means all synthetic leases existing on the Closing Date and set forth on Schedule II.

Existing Synthetic Leases means those leases relating to Synthetic Lease Obligations (a) entered into on or about September 26, 2001 by and between the Company (as lessee) and Selco Service Corporation (as lessor), as amended, and (b) evidenced by that certain Second Amended and Restated Master Lease of Land and Improvements entered into as of August 11, 2004, by and between SMBC Leasing and Finance, Inc. (as lessor) and the Company (as lessee).

Examples of Existing Synthetic Leases in a sentence

• On the Closing Date, after giving effect to the Transactions, the Agents shall be satisfied that the Borrower's total outstanding Indebtedness (on a consolidated basis), excluding the Existing Synthetic Leases, shall not exceed $523,000,000 (subject to any additional amounts made available under the Revolving Facility pursuant to a working capital adjustment to the Merger Consideration as described in Section 4.13).

• The Borrower will use ------------------------------------- the proceeds of all Loans advanced on the Closing Date in the aggregate principal amount of $288,000,000 to fund, directly or through capital contributions made by the Borrower to DGI and DGI's use of such capital contributions to fund the DGI Loans, the refinancing and replacement of a portion of the existing Indebtedness under the Existing Synthetic Leases.

• Holdings will not permit the ------------------------------- ratio of (i) Senior Debt (excluding Securitization Obligations) to (ii) Tangible Assets (excluding, to the extent included in Tangible Assets, (A) all assets which are owned by a Special Purpose Vehicle or subject to a Lien in connection with a Securitization Transaction and (B) Excess Synthetic Lease Collateral (other than Excess Synthetic Lease Collateral securing the Existing Synthetic Leases)) to exceed 1.0 to 1.0 at any time.

• 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.

• The proceeds of the Loans and the Letters of --------------- Credit shall only be used to refinance the Existing Facilities and the Existing Synthetic Leases, for permitted investments and acquisitions, and for capital expenditures and other general corporate purposes of the Borrower and its Subsidiaries.

More Definitions of Existing Synthetic Leases

Existing Synthetic Leases means all synthetic leases existing on December 14, 2011 and set forth on Schedule II.

Existing Synthetic Leases means the leases described on Schedule 1.01(d).

Existing Synthetic Leases means that certain Amended and Restated Lease Agreement dated as of March 18, 2002 between Xxxxx Fargo Bank Northwest, National Association, not individually, but solely as the Certificate Trustee under the MAGI Real Estate Trust 1997-1, as lessor and Media General, Inc. as lessee, and that certain Amended and Restated Lease Agreement dated as of March 18, 2002 between Xxxxx Fargo Bank Northwest, National Association, not individually, but solely as the Certificate Trustee under the MAGI Real Estate Trust 1998-1, as lessor and Media General, Inc. as lessee, and all related documentation and agreements executed in connection therewith, as each has been amended through the date hereof and as each may hereafter be amended in accordance with Section 16.6 of the Participation Agreement related thereto.

Existing Synthetic Leases means, collectively, (i) the Lease Agreement, dated as of September 2, 1997, between the Borrower and Atlantic Financial Group, Ltd., a Texas limited liability partnership ("AFG"), and the Master Lease Agreement, dated as of September 2, 1997, among the Borrower and certain of its Subsidiaries, SunTrust Bank, (formerly known as SunTrust Bank, Atlanta) and AFG, and (ii) the Lease Agreement, dated as of June 11, 1999, between the Borrower and AFG, and the Master Lease Agreement, dated as of June 11, 1999, between the Borrower and certain of its Subsidiaries, SunTrust Bank, (formerly known as SunTrust Bank), Atlanta and AFG.

Existing Synthetic Leases means (a) the $98,500,000 of Synthetic ------------------------- Lease Obligations of the U.S. Borrower outstanding on the date hereof under the Master Lease Agreement dated as of December 17, 1999, as amended, between UR (NA) 1999 Trust and the U.S. Borrower and (b) the $246,500,000 of Synthetic Lease Obligations of the U.S. Borrower outstanding on the date hereof under the Master Lease Agreement dated as of June 30, 2000, as amended, between UR (NA) 2000 Trust and the U.S. Borrower.

Existing Synthetic Leases means all synthetic leases existing on December 14, 2011 and set forth on Schedule II. “Extension of Credit” means the disbursement of the proceeds of the Borrowings on the Closing Date.

Existing Synthetic Leases means the credit facilities of the Borrower established pursuant to (i) that certain synthetic lease pursuant to, inter alia, a participation agreement dated as of July 30, 1998 among the Borrower, ABN Amro Bank N.V., as Administrative Agent, and the lenders party thereto and (ii) that certain synthetic lease pursuant to, inter alia, a participation agreement dated as of December 18, 2001 among the Borrower, Bank of America, N.A., as Administrative Agent, and the lenders party thereto, in each case as amended and in effect from time to time.