Initial Leases definition

Initial Leases means the lease agreements with respect to the Initial MLA Real Properties between a member of the SpinCo Group, as landlord, and a member of the DevCo Group, as tenant.

Initial Leases means the Leases listed on Schedule B to the Xxxx of Sale delivered on the Effective date.

Initial Leases. The Leases transferred to the Trust on the Closing Date.

Examples of Initial Leases in a sentence

• We hereby consent to (i) the reference to our firm in the "The Initial Aircraft and Initial Leases - Bankruptcy considerations relating to "true sale" and "consolidation issues" and "Taxation - U.S. Federal Income Tax Consequences - Tax Characterization of Aircraft Finance as a Partnership" sections of the prospectus which forms a part of the Registration Statement, and (ii) the filing of this letter as an exhibit to the Registration Statement.

• Such right of first offer shall be subordinate to all rights granted in any Initial Leases, which rights relate to the First Offer Space and are set forth in the Initial Leases upon execution thereof, including, without limitation, any renewal, expansion, first offer, first refusal, first negotiation and other rights, regardless of whether such rights are executed strictly in accordance with their respective terms or pursuant to a lease amendment or a new lease (the “Superior Rights”).

• All such tenants under Initial Leases or Intervening Leases, are collectively referred to as the “Superior Right Holders”.

• The acquisition of the Initial Assets and interests in the Initial Leases, the creation, execution and issuance of the Initial Notes, the execution and issue or delivery by the Issuer and each Issuer Subsidiary of the Related Documents executed by it and the performance by each of them of their obligations hereunder and thereunder and the arrangements contemplated hereby and thereby to be performed by each of them have been duly authorized by each of them.

• Statoil argues that all of the Initial Leases either expired, were transferred to Statoil, or both.

More Definitions of Initial Leases

Initial Leases. The initial leases to which the Aircraft identified or selected for purchase or purchased by JetFleet II out of Gross Offering Proceeds are subject.

Initial Leases means each of (a) the Oil and Gas Lease of Submerged Lands under the Outer Continental Shelf Lands Act for Green Canyon Xxxxx 000 (XXX-X 24194), effective July 1, 2002, (b) the Oil and Gas Lease of Submerged Lands under the Outer Continental Shelf Lands Act for Green Canyon Xxxxx 000 (XXX-X 24197), effective July 1, 2002 and (c) the Oil and Gas Lease of Submerged Lands under the Outer Continental Shelf Lands Act for Green Canyon Xxxxx 000 (XXX-X 26346), effective July 1, 2002.

Initial Leases shall have the meaning set forth in Section 38.10D hereof.

Initial Leases. Leases to which the Equipment was subject when Owner acquired the Equipment.

Initial Leases shall have the meaning ascribed thereto in the recitals to this Agreement, as the same may be amended, restated, supplemented or otherwise modified from time to time as therein or herein provided.

Initial Leases has the meaning specified on Schedule 1.1(x).

Initial Leases are the leases in Exhibit “C” that were described in the Initial PA.