Examples of Lease Participation Agreement in a sentence
Counterparts of the Lease Participation Agreement, duly executed by the Lessor, the Agent and the Lease Participant, shall have been delivered to each of the parties thereto.
This Agreement constitutes a replacement of the Existing Credit Agreement which constituted a replacement of the EMMH Credit Agreement as contemplated in clause (xv) of the general provisions of Appendix A of each Powerton/Joliet Lease Participation Agreement and as such this Agreement constitutes the "Holdings Credit Agreement" for the purposes of the Powerton/Joliet Lease Operative Documents.
The Agent shall have no duty, liability or obligation to any party to this Master Agreement with respect to the transactions contemplated hereby except those duties, liabilities or obligations expressly set forth in this Master Agreement, the Lease Participation Agreement or the Loan Agreement, and any such duty, liability or obligations of the Agent shall be as expressly limited by this Master Agreement, the Lease Participation Agreement or the Loan Agreement, as the case may be.
The interest being acquired or to be acquired by the Lessor in such Leased Property is being acquired for its own account, without any view to the distribution thereof or any interest therein, provided that the Lessor shall be entitled to assign, convey or transfer its interest in accordance with Section 6.1 and the Lease Participation Agreement.
The aggregate amount that the Funding Parties shall be committed to provide as Funded Amounts under this Master Agreement, the Loan Agreement and the Lease Participation Agreement shall not exceed (x) with respect to each Leased Property the costs of purchase and construction of such Leased Property and the related closing and financing costs, or (y) $22,000,000 in the aggregate for all Leased Properties.
The aggregate amount that any Funding Party shall be committed to fund under this Master Agreement, the Lease Participation Agreement and the Loan Agreement shall not exceed the lesser of (i) such Funding Party's Commitment and (ii) such Funding Party's Commitment Percentage of the aggregate Fundings requested under this Master Agreement.
It is declared and agreed by each of the parties hereto that the Participation Agreement, the Lease, the Credit Agreement and the Lease Participation Agreement, as amended hereby, shall continue in full force and effect, and that this Amendment and the Participation Agreement, the Lease, the Credit Agreement and the Lease Participation Agreement shall be read and construed as one instrument.
Lessee delivered to Lessor a Purchase Notice in accordance with the terms of Section 18.1(a) of the Master Lease stating Lessee's intent to purchase all of the Properties and to terminate the Master Lease, Participation Agreement and the other Operative Documents.
All covenants, agreements, representations and warranties made herein and in any certificate, document or statement delivered pursuant hereto or in connection herewith shall survive the execution and delivery of this Lease Participation Agreement and shall continue in full force and effect so long as any amount payable to Lease Participant under or in connection with this Lease Participation Agreement is unpaid, at which time this Lease Participation Agreement shall terminate.
Sublessee is not assuming or incurring any obligation to the Sublessor, Head Lessor, Owner Participant or Indenture Trustee or any Person claiming by or through such parties under the Head Lease, Participation Agreement, Trust Indenture, Equipment Notes or any other document executed in connection therewith.