GECC Lease definition

GECC Lease means that certain Master Lease Agreement dated as of March 13, 1997 between GECC and the Parent, as amended, modified or supplemented from time to time.
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GECC Lease means the Master Lease Agreement dated November 14, 1997 between Seller and General Electric Capital Corporation.
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GECC Lease means the Participation Agreement, dated as of April 30, 1990, by and among World Color Press, Inc., as lessee, General Electric Capital Corporation, as owner participant, and The Connecticut National Bank, as owner trustee, and all other agreements entered into in connection therewith, each, as amended from time to time.
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Examples of GECC Lease in a sentence

  • Capitalized terms not otherwise defined in this Amendment have the same meanings as specified in the NTFC Lease or in the GECC Lease (as hereinafter defined), as applicable.

  • Notwithstanding anything contained in the Plan, the terms of the GECC Lease Assumption Order are expressly incorporated herein by reference.

  • Simultaneously with the purchase by Buyer of all equipment leased under the GECC Lease, Seller shall purchase the equipment used in connection with the Living Chip Technology set forth on Schedule 7.7 hereto for a purchase price equal to 11% of the purchase price paid by Buyer to GECC for all the equipment.

  • Prior to such purchase, Seller shall pay 11% of the payments under the GECC Lease paid by Buyer to GECC.

  • All obligations of the Debtor under the GECC Lease Assumption Order shall be, on the Effective Date, assigned to Newco pursuant to Section 5.1.1.2 and the Newco Asset Purchase Agreement, and neither the Debtor, GGI, nor any funds paid by Newco to GGI or the Disbursing Agent shall be subject to claims arising therefrom.

  • On or prior to the Closing Date, Seller shall terminate the GECC Lease and cause GECC to convey the equipment described on Schedule 4.10 (the "Corporation Equipment") to the Corporation and the remaining equipment covered by the GECC Lease to the Seller and to obtain from GECC a full release of the Corporation from any liability under the GECC Lease, and (b) to cause GECC to unconditionally release Buyer and its affiliates from the guaranty of the GECC Lease.

  • All such work shall be performed in accordance with minimum standards of the FAA and in accordance with standards set forth in the Maintenance Manual, and Section 7 of the GECC Lease.

  • Seller shall have delivered to Purchaser a ------------- release signed by the owner of the OMI Xxxxxx (the "GECC Release") providing for the release of the GECC Lease.

  • Seller shall have obtained a release signed by ------------- the owner of the "OMI Xxxxxx" (the "GECC Release") providing for the release of the GECC Lease.

  • Effective as of the Effective Date, Section 14(f) of the GECC Lease shall be amended to read in its entirety as follows: “Lessee sells substantially all of its assets, merges or consolidates with or into, or reorganizes with any entity, provided, however, that ITC^DeltaCom, Inc., Lessee and Interstate FiberNet, Inc.


More Definitions of GECC Lease

GECC Lease means the Master Lease Agreement, dated as of September 30, 2004, among NES Rentals Holdings, Inc., National Equipment Services, Inc., NES Equipment Services Corporation, NES Real Estate Management, Inc., NES Management Services, LLC and General Electric Capital Corporation, as amended or supplemented from time to time.
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GECC Lease means that certain Master Lease Agreement, dated as of June 28, 1995, between GECC and Seller, together with Addendum to Master Lease Agreement dated as of June 28, 1995, Equipment Schedule No. 001, dated as of June 28, 1995, Equipment Schedule No. 002, dated as of June 28, 1995, Equipment Schedule No. 003, dated as of June 28, 1995, Equipment Schedule No. 004, dated as of June 30, 1995, Equipment Schedule No. 005, dated as of June 30, 1995, Equipment Schedule No. 006, dated as of December 28, 1995, Equipment Schedule No. 007, dated as of December 28, 1995, Equipment Schedule No. 008, dated as of December 28, 1995, and Equipment Schedule No. 009, dated as of December 28, 1995, as the same may be further amended, supplemented or otherwise modified from time to time.
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GECC Lease means the Bareboat Charter Party, dated August 12, 1987, between OMI Clover Transport, Inc., a subsidiary of the Seller, and The Bank of New York, as trustee, regarding the charter of the "OMI Xxxxxx".
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Related to GECC Lease

  • Operating Lease means, as applied to any Person, any lease (including, without limitation, leases which may be terminated by the lessee at any time) of any Property (whether real, personal or mixed) which is not a Capital Lease other than any such lease in which that Person is the lessor.

  • 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.

  • 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:

  • 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.

  • Financeable Ground Lease means, a ground lease reasonably satisfactory to the Administrative Agent on behalf of the Lenders, which must provide customary protections for a potential leasehold mortgagee (“Mortgagee”) such as (i) a remaining term, including any optional extension terms exercisable unilaterally by the tenant, of no less than 25 years, (ii) a provision that the ground lease will not be terminated until the Mortgagee has received notice of a default, has had a reasonable opportunity to cure and has failed to do so, (iii) provision for a new lease to the Mortgagee as tenant on the same terms if the ground lease is terminated for any reason, (iv) transferability of the tenant’s interest under the ground lease by the Mortgagee without any requirement for consent of the ground lessor unless based on delivery of customary assignment and assumption agreements from the transferor and transferee, (v) the ability of the tenant to mortgage tenant’s interest under the ground lease without any requirement for consent of the ground lessor and (vi) provisions that the tenant under the ground lease (or the leasehold mortgagee) has customary protections with respect to the application of insurance proceeds or condemnation awards attributable to the tenant’s interest under the ground lease and related improvements.

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

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

  • 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.

  • Financing Lease any lease of property, real or personal, the obligations of the lessee in respect of which are required in accordance with GAAP to be capitalized on a balance sheet of the lessee.

  • Operating Leases means all real or personal property leases under which any Company is bound or obligated as a lessee or sublessee and which, under GAAP, are not required to be capitalized on a balance sheet of such Company; provided that Operating Leases shall not include any such lease under which any Company is also bound as the lessor or sublessor.

  • Ground Leases Those certain leases with respect to real property that is a portion of the Leased Property, pursuant to which Landlord is a tenant and which leases have either been approved by Tenant or are in existence as of the date hereof and listed on Schedule A hereto.

  • Facility Lease means a lease or master lease with respect to any Real Property Asset owned or ground leased by any of the Consolidated Parties as lessor, to a third party Tenant, which, in the reasonable judgment of the Administrative Agent, is a triple net lease such that such Tenant is required to pay all taxes, utilities, insurance, maintenance, casualty insurance payments and other expenses with respect to the subject Real Property Asset (whether in the form of reimbursements or additional rent) in addition to the base rental payments required thereunder such that net operating income to the applicable Consolidated Party for such Real Property Asset (before non-cash items) equals the base rent paid thereunder; provided, that each such lease or master lease shall be in form and substance reasonably satisfactory to the Administrative Agent.

  • Cooperative Lease With respect to a Cooperative Loan, the proprietary lease or occupancy agreement with respect to the Cooperative Apartment occupied by the Mortgagor and relating to the related Cooperative Stock, which lease or agreement confers an exclusive right to the holder of such Cooperative Stock to occupy such apartment.

  • 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.

  • Tenant Lease means any lease entered into by the Borrower, any Loan Party or any Subsidiary with respect to any portion of a Property.

  • 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).

  • Head Lease or “Superior Lease” means the document which sets out the promises the Landlord has made to the Superior Landlord. The promises contained in this Head Lease will bind the Tenant if he has prior knowledge of those promises.

  • 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.

  • 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.

  • Operating Lease Expense means the sum of all payments and expenses incurred by a Person, under any operating leases during the period of determination, as determined in accordance with GAAP.

  • 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.

  • 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.

  • 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.

  • Lease Documents has the meaning set forth in the Basic Servicing Agreement; provided that such definition shall refer only to lease documents related to Leases allocated to the 20[●]-[●] Lease SUBI.

  • Master Leases means the PropCo Master Leases and each other Material Master Lease.

  • Facility Leases means all of the leases of Facilities listed on Schedule 3.7 of the Disclosure Schedules.