Lease Debt definition

Lease Debt means, with respect to any Person, (i) the amount of any accrued and unpaid obligations of such Person arising under any lease or related document (including a purchase agreement, conditional sale or other title retention agreement) in connection with the lease of real property or improvement thereon (or any personal property included as part of any such lease) which provides that such Person is contractually obligated to purchase or cause a third party to purchase the leased property or pay an agreed upon residual value of the leased property to the lessor (whether or not such lease transaction is characterized as an operating lease or a capitalized lease in accordance with GAAP) and (ii) the guarantee, direct or indirect, in any manner (including, without limitation, letters of credit and reimbursement agreements in respect thereof), of any of the amounts set forth in (i) above.

Lease Debt means the debt evidenced by the Lessor Notes.

Lease Debt means the debt evidenced by the Lessor Notes and (without duplication) the Certificates.

Examples of Lease Debt in a sentence

• Upon repayment of such new Lease Debt, or compliance with the terms thereof, the covenants set forth in Section 3.4 and Section 3.5 shall immediately and without further action terminate and be of no further force and effect.

• The Owner Participant will cooperate with and assist the Facility Lessee in connection with any refinancing and/or assumption of the Lease Debt, so long as such refinancing and/or assumption of the Lease Debt is in accordance with the terms of the Operative Documents and the FILOT Lease.

• Modified Lease Debt is defined as eight times the Group’s lease cash flow commitment under existing lease contracts for a 12 month period.

• The Owner Participant will cooperate with and assist the Facility Lessee in connection with any refinancing and/or assumption of the Lease Debt, so long as such refinancing and/or assumption of the Lease Debt is in accordance with the terms of the Operative Documents.

• The Lenders further hereby irrevocably authorize Agent, at its option and in its sole discretion, to subordinate any Lien granted to or held by Agent under any Loan Document to the holder of any Permitted Lien on such property if such Permitted Lien secures Permitted PMM/Capital Lease Debt.

More Definitions of Lease Debt

Lease Debt means the debt evidenced by the Certificates, and other debt issued pursuant to Section 13 of the Participation Agreement.

Lease Debt means the debt evidenced by the Certificates, and other debt issued pursuant to Section 11 of the Participation Agreement.

Lease Debt means the liabilities relating to (i) the sale and lease back agreement between the Issuer, Scandinavian Biogas Stockholm AB and Stockholm Vatten AB regarding the Henriksdal and Bromma production facilities (including the plants Linje 1, Linje 2 and Linje 3:0 and the properties Rötkammaren 2 and Reningsverket 2), and the lease agreement between the Scandinavian Biogas Recycling AB and SRV Återvinning AB regarding the pre-treatment plant in Södertörn (which liabilities in aggregate as of the 30 September 2015 amounted to SEK 172,006,000), in each case accounted for as interest bearing debt.

Lease Debt means, with respect to any Person, (i) the amount of any accrued and unpaid obligations of such Person arising under any lease or related document (including a

Lease Debt means Indebtedness incurred by any Owner Lessor and its subsidiaries, if any, under the Lease Documents.

Lease Debt means the debt evidenced by the Notes.

Lease Debt means the debt evidenced by the Certificates.