Intercompany Lease definition

Intercompany Lease means a lease with respect to any Aircraft by and between the Borrower as lessor, and BHL or any other Permitted Third Party User as lessee, or between BHL or any other Permitted Third Party User, as sublessor, and any other Permitted Third Party User, as sublessee; provided, that with regard to such lease, such lease shall be in the form agreed by the Agent prior to the Utilisation Date or such other form acceptable to the Agent and provided further that a copy of such lease shall be provided to each Lender and the Security Agent.

Intercompany Lease means an intercompany lease of the Collateral solely among two or more Borrowers as set forth in Schedule 7.05 and which is subject to an Intercompany Lease Subordination Agreement.

Intercompany Lease means, individually or collectively as the context indicates, the Intermediate Leases and/or the Head Leases.

Examples of Intercompany Lease in a sentence

• Upon any repossession, foreclosure or other execution by the Administrative Agent of property subject to any Intercompany Lease, such Intercompany Lease shall immediately terminate and become null and void and any claims between the Companies shall constitute Intercompany Indebtedness subordinated to the Obligations hereunder.

• The portions of the BDSI Leased Space subject to the Intercompany Lease may, depending on the occupancy requirements of BND, fluctuate from time to time during the term of the Intercompany Lease.

• The Companies covenant and agree that they shall cause any Subsidiaries which become party to any Intercompany Indebtedness or Intercompany Lease after the date of this Agreement, to the extent then not a party hereto, to execute a Joinder in a form satisfactory to the Administrative Agent in its sole discretion, whereby such Subsidiary joins this Agreement and subordinates all Indebtedness owed to any Company or any of its Subsidiaries.

• Oil & Gas Australia Australia Sikorsky Heavy S-92 Offshore 2 GE CT7-8A 947456(PHI) 947439(PHI) Australia - Aircraft Dry Leased to HNZ Australia (Intercompany Lease) 20.0 14.0 86 920118 N925PH 2009 10 PHI, Inc.

• The Borrower shall not, and shall not permit any of the other Companies to, effect any waiver, amendment or other modification to, or any restatement or termination of, any Intercompany Loan Document or Intercompany Lease, or effect any accrual, deferral or forgiveness of any obligation owing to the Borrower by any of the other Companies under any Intercompany Loan or Intercompany Lease.

More Definitions of Intercompany Lease

Intercompany Lease means, for any Aircraft, any lease therefor in the Agreed Form between the applicable Genesis Entities.

Intercompany Lease means a lease with respect to any Aircraft by and between the Borrower as lessor and any Permitted Third Party User as lessee; provided, that such lease, shall be in the form agreed by the Agent prior to the entry into such lease (and the Agent shall accept such lease as in the form and substance satisfactory if it is provided substantially in the form delivered under the BALL Facility Agreement and the BULL Facility Agreement) and provided further that a copy of such lease shall be provided to each Lender and the Security Agent.

Intercompany Lease means, for any Aircraft, any lease therefore in the Agreed Form between the applicable Purchaser Entities.

Intercompany Lease means, for any Aircraft, any lease therefor in the Agreed Form between the applicable ECAF I Entities.

Intercompany Lease means a lease between SLT or the Realty Partnership, on the one hand, and SLC, a Subsidiary of SLC or the Operating Partnership, on the other hand.

Intercompany Lease that certain lease agreement, dated as of July 15, 1997, pursuant to which Borrower leases the Distribution Center and the Equipment Collateral to Guarantor Two, as amended or modified from time to time.

Intercompany Lease shall have the meaning ascribed to it in Section 5.12.