Lease Commitment definition

Lease Commitment means either (i) an executed binding lease agreement under which either the Trust or an Affiliate of the Managing Trustee is the lessor, which agreement is assignable by such Affiliate to the Trust, or (ii) such other agreement or commitment to lease equipment which constitutes an enforceable obligation against the Lessee.
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Lease Commitment means as of any date the commitment of a Seller to any Person with respect to the Business as of such date to enter into a Lease on or after such date.
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Lease Commitment means, with respect to any Lease Participant, the amount of the purchase price paid by such Lease Participant to purchase participation interests with respect to the 1996 Master Lease Agreement.
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Examples of Lease Commitment in a sentence

  • The individuals named on this Lease Commitment Agreement will have lost all rights to the above named rental unit.

  • Lease Commitment The Corporation has entered into a Sub-Lease Agreement from December 1, 2010 and expiring on March 31, 2018 for office space.

  • On each Due Date, each Lessee shall pay to the Lessor its allocable share of the Availability Payment in respect of the unutilized portion of the Maximum Lease Commitment.

  • On each Due Date, each Lessee shall pay to the Lessor its allocable share (as determined by the Master Servicer) of the Availability Payment in respect of the unutilized portion of the Maximum Lease Commitment.

  • Lease Commitment - In 2005, HACSA entered into a ground lease and concurrently purchased the improvements situated on the site which was a 90-unit multi-family apartment complex known as Firwood Apartments.

  • The Lessor shall, subject to Section 4 and to compliance with the terms of the Indenture, make available to the Lessees under this Lease financing for Financed Vehicles (other than Texas Vehicles) in an aggregate amount, and Acquired Vehicles and Texas Vehicles for lease to the Lessees hereunder in an aggregate Net Book Value, which collectively shall not exceed the Maximum Lease Commitment.

  • Operating Lease Commitment The Company leases office premises with a remaining lease term expiring November 30, 2019.

  • Lease Commitment During the fiscal year, the Authority made payments pursuant to the terms of a lease agreement with NERC.

  • Delivery of the New VTC Lease and VTC Lease Appraisal in form acceptable to FAAC; or if either the New VTC Lease or VTC Lease Appraisal are not acceptable to FAAC, then documents acceptable to FAAC terminating the VTC Lease Commitment and the New VTC Lease.

  • Execution, delivery and approval by FAAC of the New VTC Lease and delivery to and approval by FAAC of the VTC Lease Appraisal; or if either the New VTC Lease or VTC Lease Appraisal are not acceptable to FAAC, the termination of the VTC Lease Commitment and New VTC Lease.


More Definitions of Lease Commitment

Lease Commitment means Two Hundred Fifty Million Dollars ($250,000,000) except that, during the Commitment Reduction Period (if any), "Lease Commitment" means Two Hundred Million Dollars ($200,000,000).
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Lease Commitment means Two Hundred Million Dollars ($200,000,000).
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Lease Commitment means the portion of the Commitment available to acquire Sites (other than the Unimproved Land) and the Existing Improvements thereon and to pay Fees and Transaction Expenses related thereto, as set forth on Schedule I to the Participation Agreement with respect to each such Site.
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Lease Commitment. Retailer and MGM shall mutually agree on the number of Units for each respective title that Retailer shall lease from MGM. In the event the parties cannot agree on the number of Units on or before forty five (45) days prior to the Street Date of any Title, the number of Units shall be determined by reference to the matrix attached hereto as Exhibit A ("MGM Matrix"). Retailer agrees to provide MGM with written notice of the inability of the parties to agree on or before the expiration of said forty-five (45)-day period ("Matrix Notice"). * In the event * is used to determine the number of Units acquired by Retailer, Xxxxxxxx agrees to pay * * Confidential material omitted and separately filed with the Commission under an application for confidential treatment. The allocation between VHS and DVD within the number of Units leased shall be determined by Retailer in Retailer's sole discretion; provided, however, that in the event Retailer elects to increase the percentage of DVD acquired in excess of * percent (*%) of the Retailer's * at the time of the allocation, the allocation in excess of such * percent (*%) increase shall be subject to MGM's prior written consent, which consent shall not be unreasonably withheld. For purposes of illustration, if at the time of the allocation * Matrix Adjustment: The parties agree that the MGM Matrix * shall be adjusted semi-annually during the term of this Agreement. The first such adjustment shall be made effective December 15, 2001, with later adjustments being made on June 15, 2002, December 15, 2002, June 15, 2003, and December 15, 2003 ("Adjustment Date(s)"). The adjustment in the * for the next period shall be a pro rata increase or decrease in the Unit ranges based upon the percentage year-over-year increase or decrease in Store Revenue for Retailer's stores for the six (6)- month period ending the month prior to the month of the Adjustment Date ("Adjustment Period"); provided, however, that unless the adjustment is greater than * percent (*%), there shall be no adjustment made in the *. Year-over-year increases or decreases shall be effective as of the Adjustment Date and shall be determined by comparison of Store Revenue for the prior Adjustment Period to Store Revenue for the same six (6)- month period of the prior year. The Store Revenue percentage increase or decrease shall determine the percentage increase or decrease in the Unit ranges in the *. For purposes of this Agreement, Store Revenue for Retailer's sto...
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Related to Lease Commitment

  • Total Revolving Commitment means the sum of the Revolving Commitments of the Revolving Lenders as the same may be decreased pursuant to Section 2.12(c) or increased pursuant to Section 2.19. As of the Closing Date, the amount of the Total Revolving Commitment is $100,000,000.

  • Loan Commitment means a statement transmitted in writing or electronically by a mortgage lender setting forth the terms and conditions upon which the mortgage lender is willing to make a particular residential mortgage loan to a particular borrower.

  • Total Loan Commitment means an amount equal to the aggregate amount of all Loan Commitments.

  • Purchase Commitment means a written commitment, in form and substance satisfactory to Lender, issued in favor of Borrower by an Investor under which that Investor commits to purchase Mortgage Loans or Mortgage-backed Securities.

  • Letter of Credit Commitment means, with respect to any Issuing Bank at any time, the amount set forth opposite such Issuing Bank’s name on Schedule I hereto under the caption “Letter of Credit Commitment” or, if such Issuing Bank has entered into one or more Assignment and Acceptances, set forth for such Issuing Bank in the Register maintained by the Administrative Agent pursuant to Section 9.07(d) as such Issuing Bank’s “Letter of Credit Commitment”, as such amount may be reduced at or prior to such time pursuant to Section 2.05.

  • Revolving Commitment means, as to each Lender, its obligation to (a) make Revolving Loans to the Borrower pursuant to Section 2.01, (b) purchase participations in L/C Obligations and (c) purchase participations in Swing Line Loans, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

  • Total Commitment means, at any time, the sum of the Commitments of each of the Lenders at such time.

  • Real-Time Commitment means NYISO’s multi-period security constrained unit commitment and dispatch model, as defined in the NYISO Tariffs.

  • Letter of Credit Commitment Amount means, on any date, a maximum amount of $10,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Total Initial Term Loan Commitment means the sum of the Initial Term Loan Commitments of all Lenders.

  • Revolving Facility Commitment means, with respect to each Revolving Facility Lender, the commitment of such Revolving Facility Lender to make Revolving Facility Loans pursuant to Section 2.01(b), expressed as an amount representing the maximum aggregate permitted amount of such Revolving Facility Lender’s Revolving Facility Credit Exposure hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.08, (b) reduced or increased from time to time pursuant to assignments by or to such Lender under Section 9.04, and (c) increased (or replaced) as provided under Section 2.21. The initial amount of each Lender’s Revolving Facility Commitment is set forth on Schedule 2.01 or in the Assignment and Acceptance or Incremental Assumption Agreement pursuant to which such Lender shall have assumed its Revolving Facility Commitment, as applicable. The aggregate amount of the Lenders’ Revolving Facility Commitments on the Closing Date is $500,000,000. On the Closing Date, there is only one Class of Revolving Facility Commitments. After the Closing Date, additional Classes of Revolving Facility Commitments may be added or created pursuant to Incremental Assumption Agreements.

  • Total Revolving Loan Commitment means, at any time, the sum of the Revolving Loan Commitments of each of the Lenders at such time.

  • Aggregate Revolving Commitment means the aggregate of the Revolving Commitments of all of the Revolving Lenders, as reduced or increased from time to time pursuant to the terms and conditions hereof. As of the Effective Date, the Aggregate Revolving Commitment is $1,000,000,000.

  • L/C Commitment means the commitment of the Issuing Bank to issue Letters of Credit pursuant to Section 2.23.

  • U.S. Commitment means, with respect to each U.S. Lender, the commitment, if any, of such U.S. Lender to make U.S. Revolving Loans and to acquire participations in U.S. Letters of Credit, U.S. Overadvances and U.S. Swingline Loans hereunder, expressed as an amount representing the maximum possible aggregate amount of such U.S. Lender’s U.S. Revolving Exposure hereunder, as such commitment may be reduced or increased from time to time pursuant to (a) Section 2.09 and (b) assignments by or to such U.S. Lender pursuant to Section 9.04. The initial amount of each U.S. Lender’s U.S. Commitment is set forth on the Revolving Commitment Schedule, or in the Assignment and Assumption pursuant to which such U.S. Lender shall have assumed its U.S. Commitment, as applicable. The U.S. Commitment is a sub-facility of the Revolving Commitment and is not in addition to the Revolving Commitment.

  • Total Term Loan Commitment means the sum of the amounts of the Lenders’ Term Loan Commitments.

  • Total Revolving Commitments at any time, the aggregate amount of the Revolving Commitments then in effect.

  • Extended Revolving Commitment shall have the meaning assigned to such term in Section 2.19(a).

  • Incremental Revolving Commitment has the meaning assigned to such term in Section 2.14(a).

  • Incremental Revolving Facility Commitment means the commitment of any Lender, established pursuant to Section 2.21, to make Incremental Revolving Loans to the Borrower.

  • Facility A Commitment means, in relation to a Facility A Lender, the amount set opposite its name in column 1 of part E of schedule 1 or, as the case may be, in any relevant Transfer Certificate, as amended by any relevant term of this Agreement;

  • Minimum Commitment means any minimum commitment of time and usage for use of the Services by You during the Term of this Agreement.

  • Unused Total Revolving Commitment means, at any time, the excess of (i) the Total Revolving Commitment at such time over (ii) the Aggregate Revolving Facility Exposure at such time.

  • Commitment means a Term Commitment or a Revolving Credit Commitment, as the context may require.

  • Revolving Loan Commitment means the commitment of a Revolving Lender to make Revolving Loans to Company pursuant to subsection 2.1A(ii), and “Revolving Loan Commitments” means such commitments of all Revolving Lenders in the aggregate.

  • Extended Revolving Facility Commitment shall have the meaning assigned to such term in Section 2.21(e).