FF&E Financing definition

FF&E Financing means Indebtedness, the proceeds of which will be used solely to finance or refinance the acquisition or lease by the Company or a Restricted Subsidiary of FF&E.

FF&E Financing means, with respect to an Individual Property, the personal property leases and personal property financing set forth with respect to such Individual Property on Exhibit F, attached hereto and incorporated herein and all renewals, amendments and extensions thereof.

FF&E Financing means Purchase Money Obligations, Capital Lease Obligations, or Industrial Revenue Bond Obligations incurred solely to acquire or lease, respectively, FF&E; provided, that the principal amount of such Indebtedness does not exceed the cost (including sales and excise taxes, installation and delivery charges and other direct costs and expenses) of the FF&E purchased or leased with the proceeds thereof.

Examples of FF&E Financing in a sentence

• Grantor shall comply with the terms of all FF&E Financing Arrangements.

• If Grantor has acquired or hereafter acquires Operational Property or Fixtures subject to any FF&E Financing Arrangement, or becomes lessee under a lease for any of the same, the Lien of this Deed of Trust on such acquired or leased assets shall be subordinate to the Lien of such FF&E Financing Arrangement and Beneficiary, at Grantor’s cost, shall execute and deliver to Grantor such documents as Grantor may reasonably request evidencing such subordination.

• No material adverse change has occurred with respect to the financial condition, business, property, prospects or ability of the Borrower to perform in all material respects its obligations under any Operative Document or any of the documents evidencing and securing the FF&E Financing to which it is a party.

• Mortgagor shall comply with all of the terms and conditions set forth in any F,F&E Financing Agreements before the expiration of any applicable notice and cure periods contained in the F,F&E Financing Agreements.

• The Beneficiary shall, if requested by the Trustor, execute and deliver, at Trustor's sole expense, any instruments reasonably necessary or appropriate to release the lien of this Deed of Trust with respect to or otherwise confirm that the lien of this Deed of Trust does not apply to any of such Excluded Assets; Trustor covenants and agrees to comply with all of the terms and conditions set forth in any FF&E Financing with respect to which Beneficiary has taken a Lien hereunder.

More Definitions of FF&E Financing

FF&E Financing means Indebtedness which is non-recourse to the borrower, the proceeds of which will be used to finance the acquisition or lease by the Company or its Restricted Subsidiaries of furniture, fixtures or equipment ("FF&E") used in the operation of its business and secured by a Lien on such FF&E.

FF&E Financing shall have the meaning set forth in Section 10(x) hereof.

FF&E Financing has the meaning given in the Indenture.

FF&E Financing means Indebtedness, the proceeds of which are used solely by the Issuers and the Subsidiaries (and concurrently with the incurrence of such Indebtedness) to acquire or lease or improve or refinance, respectively, FF&E; provided, that (x) the principal amount of such FF&E Financing does not exceed the cost (including sales and excise taxes, installation and delivery charges, capitalized interest and other direct fees, costs and expenses) of the FF&E purchased or leased with the proceeds thereof or the cost of such improvements, as the case may be, and (y) such FF&E Financing is secured only by the assets so financed and assets which, immediately prior to the incurrence of such FF&E Financing, secured other Indebtedness of the Issuers and the Subsidiaries (to the extent such other Indebtedness and the Liens securing such other Indebtedness are permitted under this Indenture) to the lender of such FF&E Financing.

FF&E Financing means Indebtedness, the proceeds of which will be used to finance the acquisition or lease by the Company or its Restricted Subsidiaries of furniture, fixtures or equipment (“FF&E”) used in the operation of their respective businesses.

FF&E Financing means financing obtained in connection with the acquisition, maintenance or replacement of Borrower's furniture, fixtures or equipment.

FF&E Financing means Purchase Money Indebtedness, Capital Lease Obligations and other Indebtedness (to the extent that under the terms thereof and any related contract or other agreement, no personal recourse could be had against the Person incurring such Indebtedness for the payment of the principal of or interest or premium or other amounts with respect to such Indebtedness or for any claim based on such Indebtedness and that enforcement of obligations on such Indebtedness is limited solely to recourse against interests in specified assets), the proceeds of which are used solely by the Issuers and the Restricted Subsidiaries to acquire or lease or refinance, respectively, FF&E.