Lease Acquisition Agreement definition
Examples of Lease Acquisition Agreement in a sentence
Capitalized terms used herein but not otherwise defined shall have the respective meanings assigned to such terms in the Servicing Agreement or the Lease Acquisition Agreement.
Any provisions of this Lease Acquisition Agreement which are prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.
This Lease Acquisition Agreement and the rights and obligations of the parties hereunder may not be changed orally but only by an instrument in writing signed by the party against which enforcement is sought together with the prior written consent of the Trustee and MBIA but without the consent of any Certificateholder.
The transfer, assignment and conveyance of the Lease Contracts, the Equipment and the Lease Receivables by the Company to the Transferor pursuant to the Lease Acquisition Agreement or by the Transferor pursuant to this Agreement is not subject to the bulk transfer or any similar statutory provisions in effect in any applicable jurisdiction.
The LAD is a state statute that prohibits most schools (see Q2) from discriminating against students based on race, creed, color, national origin, ancestry, nationality, sex, sexual orientation, gender identity or expression, and disability.
For purposes of this Lease Acquisition Agreement the following terms shall have the meanings specified herein.
Courses can have one or more phases and usually have several modules.
In consideration for its contribution and sale of the Lease Assets and its representations, warranties, covenants and other agreements under this Lease Acquisition Agreement, the Company has received all of the Common Stock of the Transferor and such other consideration as may from time to time be paid hereunder.
Notwithstanding the foregoing, the Company acknowledges and agrees that its obligations under this Lease Acquisition Agreement are independent of any obligations it may have as Servicer and that its obligations under this Lease Acquisition Agreement will continue in full force and effect, whether or not it is acting as Servicer, until termination of this Lease Acquisition Agreement in accordance with Section 6.01 hereof.
As a precondition to the effectiveness of this Lease Acquisition Agreement, the Transferor, the Trustee, the Servicer and the Back-up Servicer will enter into the Servicing Agreement to provide for the servicing of the Lease Assets.