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

  • 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.

  • 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.

  • 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 in an aggregate amount, and Acquired Vehicles for lease to the Lessees hereunder in an aggregate Net Book Value, which collectively shall not exceed the Maximum Lease Commitment.

  • If for any reason (i) the VTC Lease Commitment is not reduced to a Deed of Lease acceptable to FAAC in its sole discretion, or (ii) the Members are unable to produce, prior to Closing, a VTC Lease Appraisal acceptable to FAAC; then the VTC Lease Commitment and New VTC Lease shall be terminated prior to Closing.

  • 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.

  • 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.

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

  • The Purchaser Master Lease shall have been executed in accordance with the terms of the Lease Commitment Agreement and shall be in full force and effect.

  • Lessor and Lessee are currently parties to a written Master Equipment Finance Lease dated September 19, 2006 and an Equipment Lease Commitment dated December 6, 2007 (collectively, the “Master Lease”) and sixteen (16) separate leases identified on the attached Exhibit A (each, a “Lease”), relating to the lease of certain furniture, fixtures, machinery, equipment and other personal property as described in Exhibit A to each Lease (the “Equipment”).


More Definitions of Lease Commitment

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, ▇▇▇▇▇▇▇▇ 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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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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Related to Lease Commitment

  • Total Revolving Commitment means the sum of the Revolving Commitments of the Lenders as the same may be decreased or increased pursuant to the terms of this Agreement. As of the Closing Date, the amount of the Total Revolving Commitment is $250,000,000.

  • Loan Commitment means, with respect to a Loan, the maximum aggregate amount, as defined by Lender in the applicable Commitment Letter, of advances available to be disbursed on such Loan.

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

  • Purchase Commitment has the meaning set forth in Section 1.02(a).

  • 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.