Intermediate Lessor definition

Intermediate Lessor means MP2 or Seller or such other Person agreed between Seller and Purchaser.
Sample 1
Intermediate Lessor means any entity that which is not an Owner or an Owner Trustee, that has entered into a Portfolio Lease as “Lessor” thereunder which, for the avoidance of doubt, will not include the COPA Trustee.
Sample 1
Intermediate Lessor means each Lessor which is party to an Intermediate Lease as lessee.
Sample 1

Examples of Intermediate Lessor in a sentence

  • The Borrower shall not, and the Borrower shall procure that no Owner or Intermediate Lessor shall, purchase, directly or indirectly, any aircraft, engines or other assets other than the Aircraft and the rights related thereto (other than any acquisition of parts and/or Engines that is expressly contemplated pursuant to the terms of any Portfolio Lease).

  • In the event that it is necessary that an Intermediate Lessor retain and have released to it such amounts as the Borrower believes, acting in accordance with the Standard, represents an appropriate level of profit for the relevant Intermediate Lessor to earn in connection with its participation in the relevant transaction, the Borrower shall notify the Agent and the Agent shall agree any appropriate amendments to the Security Documents in order to facilitate such requirement.

  • Such a “cap” no longer exists.Sublease LessorHead LeaseAn intermediate lessor must classify the sublease as a finance lease or an operating lease as follows: Intermediate Lessor LesseeSublease• If the head lease is a short-term lease that the entity, as a lessee, has accounted for by recognising the lease payments as an expense, the sublease must be classified as an operating lease.

  • The Borrower shall procure that each entity that becomes an Owner (or, if applicable, an Owner Trustee) or that becomes an Intermediate Lessor in respect of an Aircraft shall accede to this Deed on or before the date on which it acquires any interest in the Aircraft by executing and delivering to the Security Trustee and the Borrower a Proceeds Deed Accession Undertaking.

  • To the extent that any warranty proceeds are received by an Owner or an Intermediate Lessor such shall be credited to the Collection Account of such Obligor and shall be applied in accordance with the relevant Portfolio Lease or, if the Aircraft is Off-Lease, to repair of the Aircraft.

  • Any of the legal title and/or the beneficial interest in the issued share capital of the Borrower, any Owner or any Intermediate Lessor is held by a person other than as specified in Clause 18.12 (Ownership of the Borrower, the Owners and the Intermediate Lessors) unless otherwise agreed in writing by the Agent.

  • Each Intermediate Lessor will observe and perform, the covenants and undertakings specified in each Security Document to which it is a party.

  • The Borrower shall procure that no Intermediate Lessor shall assign any of its rights or transfer any of its rights or obligations under the Transaction Documents (except to the Security Trustee pursuant to the Security Documents) without the prior written consent of the Agent.

  • When classifying subleases, intermediate lenders refer to the right-of-use assets resulting from head leases if the Group of the Company is Intermediate Lessor.

  • Intermediate Lessor – Where the sublease is classified as a ‘Finance Lease’ Head lease:An intermediate lessor enters into a five-year lease for 10,000 square metres of office space (the head lease) with Entity XYZ (the head lessor).


More Definitions of Intermediate Lessor

Intermediate Lessor means any entity that which is not an Owner or an Owner Trustee, that has entered into a Portfolio Lease as “Lessor” thereunder.
Sample 1

Related to Intermediate Lessor

  • Intermediate care facility means a licensed, residential public or private facility that is not a

  • Mortgage Borrower shall have the meaning ascribed to the term “Borrower” in the Loan Agreement (Mortgage).

  • Project Subsidiary means any Subsidiary of the Company held for the purpose of holding, leasing, developing, constructing or acquiring energy generating, transmission or distribution assets, or assets related thereto, or any other power or energy facility or any assets related thereto, and any Subsidiary of the Company whose assets consist primarily of equity interests in one or more other Project Subsidiaries; provided that a Subsidiary will cease to be a Project Subsidiary if it Guarantees any Indebtedness of the Company other than obligations of the Company related to Project Debt of one or more Project Subsidiaries.

  • Unmanned aerial vehicle ("UAV") (9) means any aircraft capable of initiating flight and sustaining controlled flight and navigation without any human presence on board.

  • Property Owner means any person shown as the owner of land on the last equalized assessment roll or otherwise known to be the owner of land by the city council. “Business owner” means any person recognized by the city as the owner of the business. “Owner” means either a business owner or a property owner. The city council has no obligation to obtain other information as to the ownership of land or businesses, and its determination of ownership shall be final and conclusive for the purposes of this part. Wherever this part requires the signature of the property owner, the signature of the authorized agent of the property owner shall be sufficient. Wherever this part requires the signature of the business owner, the signature of the authorized agent of the business owner shall be sufficient.

  • Subsidiary Loan Party means each Subsidiary of the Borrower that is a party to the Guarantee Agreement.

  • Operating Lessee means, with respect to a Hotel Property, the Subsidiary of the Parent Guarantor that leases such Hotel Property from a Subsidiary of the Parent Guarantor that is the owner or ground lessee of such Hotel Property.

  • Borrower Party Affiliate means, with respect to the Mortgage Loan Borrower, a manager of the Mortgaged Property or an Accelerated Mezzanine Loan Lender, (a) any other Person controlling or controlled by or under common control with such Mortgage Loan Borrower, manager or Accelerated Mezzanine Loan Lender, as applicable, or (b) any other Person owning, directly or indirectly, 25% or more of the beneficial interests in such Mortgage Loan Borrower, manager or Accelerated Mezzanine Loan Lender, as applicable. For the purposes of this definition, “control” when used with respect to any specified Person means the power to direct the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise and the terms “controlling” and “controlled” have meanings correlative to the foregoing.

  • Affiliate Lender shall have the meaning assigned to such term in Section 9.21(a).

  • Issuer Subsidiary means any subsidiary of the Issuer.

  • Borrower as defined in the preamble hereto.

  • Locational UCAP Seller means a Member that sells Locational UCAP.

  • Master Tenant means any entity approved by HUD now or hereafter leasing the Healthcare Facility pursuant to a Master Lease.

  • SPE Subsidiary means any Subsidiary formed solely for the purpose of, and that engages only in, one or more Securitization Transactions.

  • Transport vehicle means a motor vehicle or rail car used for the transportation of cargo by any mode. Each cargo-carrying body (trailer, railroad freight car, etc.) is a separate transport vehicle.

  • Co-Borrower shall have the meaning assigned to such term in the introductory paragraph of this Agreement.

  • IDI Subsidiary means any Issuer Subsidiary that is an insured depository institution.

  • Borrower Affiliate shall have the meaning set forth in the Lead Securitization Servicing Agreement; provided that in the event that any Non-Lead Note is securitized in a Securitization, the term “Borrower Affiliate” as used in the definitions of “Non-Lead Note Holder” and “Non-Lead Note Holder Representative” shall refer to a “Borrower Affiliate” as defined in the related Non-Lead Securitization Servicing Agreement or such other analogous term used in the related Non-Lead Securitization Servicing Agreement.

  • Purchasing Borrower Party means Holdings or any subsidiary of Holdings.

  • Credit Party means the Administrative Agent, the Issuing Bank, the Swingline Lender or any other Lender.

  • Mortgage Loan Borrower Related Party shall have the meaning assigned to such term in Section 13.

  • Intermediate Parent means any Subsidiary of Holdings and of which the Borrower is a subsidiary.

  • Permitted Lessee means the lessee under a Permitted Lease.

  • The Borrower has advised the Banks that the Borrower has entered into an Agreement and Plan of Merger and Reorganization, dated as of February 10, 2000 (the "Merger Agreement"), among the Borrower, Opticare Health Systems, Inc. (the "Parent"), and OC Acquisition Corp., a wholly-owned subsidiary of the Parent ("Merger Sub"), pursuant to which the parties intend to merge Merger Sub with and into the Borrower subject to the terms and conditions thereof which include, among other things, restructuring the Obligations owing to the Banks on terms and conditions mutually agreed upon by the Borrower and the Banks. While the Borrower and the Banks have initiated discussions and due diligence concerning the Merger and any proposed restructuring of the Obligations, the Borrower acknowledges that the Banks have not consented to the Merger nor have the Banks agreed to any terms and conditions relating to any restructuring of the Obligations. In the meantime, however, the Borrower intends to continue to sell the remaining physician practice management groups operated by the Borrower and its Subsidiaries (collectively being referred to herein as the "PPM Businesses") and use a portion of the proceeds from the sale of the PPM Businesses to meet its reasonable and necessary operating expenses. To afford the Borrower an opportunity to proceed with the transactions described above, the Borrower has requested that (i) the Banks extend the temporary waiver period provided for in Sections 2.1 and 2.2 of that certain Seventh Amendment and Waiver to Credit Agreement dated as of December 10, 1999, among the Borrower, the Banks, and the Agent (the "Seventh Amendment") (as further amended, in part, by a December 30, 1999, letter agreement, a February 29, 2000, letter agreement, a March 24, 2000, letter agreement, and an April 14, 2000, letter agreement, and a May 5, 2000, letter agreement, in each case between the Borrower, the Banks and the Agent) and, in addition, that the Banks temporarily waive any non-compliance by the Borrower as of December 31, 1999, and as of March 31, 2000, with Sections 8.8 (Total Funded Debt/Adjusted EBITDA Ratio), 8.10 (Interest Coverage Ratio), and 8.11 (Debt Service Coverage Ratio) of the Credit Agreement and the Borrower's non-compliance with Section 8.5(b) of the Credit Agreement with respect to the timely delivery of the Borrower's March 31, 2000, financial statements, in each case to the earlier of June 2, 2000, or the termination of the Merger Agreement pursuant to its terms (the earlier of such dates being referred to herein as the "Waiver Termination Date"), (ii) Bank of Montreal extend the Bridge Loan Period from May 19, 2000, to the Waiver Termination Date, and (iii) postpone the due date for the payment of principal, interest and unused commitment fees otherwise due on or before May 19, 2000, to the Waiver Termination Date. By signing below, the Banks (including Bank of Montreal with respect to the Bridge Loan Commitment) hereby agree to extend the waiver period provided in Sections 2.1 and 2.2 of the Seventh Amendment from May 19, 2000, to the Waiver Termination Date, temporarily waive any non-compliance by the Borrower as of December 31, 1999, and March 31, 2000, with Sections 8.8 (Total Funded Debt/Adjusted EBITDA Ratio), 8.10 (Interest Coverage Ratio), and 8.11 (Debt Service Coverage Ratio) of the Credit Agreement and the Borrower's non-compliance with Section 8.5(b) of the Credit Agreement with respect to the timely delivery of the Borrower's March 31, 2000, financial statements through the period ending on the Waiver Termination Date, agree to extend the Bridge Loan Period to the Waiver Termination Date, and agree to postpone the due date for the payment of principal, interest, and unused commitment fees otherwise due on or before May 19, 2000, to the Waiver Termination Date, provided that:

  • Transit vehicle means a bus, rapid transit vehicle, railroad car, street railway car, water vehicle, taxicab, or other type of public transportation vehicle or individual unit, whether operated singly or in a group that provides public transportation.

  • Subsidiary Loan Parties means (a) the Subsidiaries identified on Schedule I and (b) each other Subsidiary that becomes a party to this Agreement as a Subsidiary Loan Party after the Effective Date.