Leasing Business definition

Leasing Business means the business conducted by the Company and its Subsidiaries which relates to the sale and leasing of temporary security storage containers and trailer vans.

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Leasing Business means a person that leases vehicles requiring registration.

Leasing Business means the business of letting or sub-letting property on hire for the purpose of the use of such property by the hirer regardless whether the letting is with or without an option to purchase the property, including charters of ships, and for the purpose of this definition, “property” includes any plant, machinery, equipment or other chattel attached or to be attached to the earth and “charters of ships” means bareboat charters only and does not include the transportation of passengers or cargo by sea or the charter of ships on a voyage or time charter.

Examples of Leasing Business in a sentence

• The Code for Leasing Business Premises in England & Wales published in March 2007 recommends that "The only pre-conditions to tenants exercising any break clauses should be that they are up to date with the main rent, give up occupation and leave behind no continuing subleases.

• The Code for Leasing Business Premises in England & Wales published in March 2007 recommends that: "The only pre-conditions to tenants exercising any break clauses should be that they are up to date with the main rent, give up occupation and leave behind no continuing subleases.

• The Code for Leasing Business Premises in England & Wales published in March 2007 recommends that: “The only pre-conditions to tenants exercising any break clauses should be that they are up to date with the main rent, give up occupation and leave behind no continuing subleases.

• No Management Party makes any representation or warranty to RCC, TRS, LEAF Financial, the LEAF Transferred Subsidiaries, or any other Management Party or any other Person regarding the probably success or profitability of LRF or the Leasing Business.

• The conditions in this break clause are consistent with the Code for Leasing Business Premises (2007).

• Transferee covenants and agrees that it shall extend offers of employment immediately following the Closing to each employee of LEAF Financial involved in the Leasing Business who is employed by LEAF Financial immediately prior to the Closing.

• Neither LEAF Financial nor any LEAF Transferred Subsidiary makes any representation or warranty to Transferee, RCC, TRS the Management Parties or other Person regarding the probable success or profitability of the Leasing Business.

• The LEAF Financial Transferred Assets and the Missouri Property Lease to be entered into at Closing include all of the assets necessary for Transferee to operate the Leasing Business as the same has heretofore been operated by LEAF Financial and the LEAF Transferred Subsidiaries, excluding (i) the Retained Assets or (ii) the Retained Liabilities.

• Schedule 4.13 sets forth all Legal Proceedings pending or, to the Knowledge of LEAF Financial, threatened against LEAF Financial or any LEAF Transferred Subsidiary before any Governmental Body except for those Legal Proceedings occurring in the Ordinary Course of Business which, individually or in the aggregate, if decided adversely to the interest of LEAF Financial or such LEAF Transferred Subsidiary, do not and cannot reasonably be expected to have, a Material Adverse Effect on the Leasing Business.

• All material Taxes required to be withheld by LEAF Financial and the LEAF Transferred Subsidiaries have been withheld and have been duly and timely paid to the proper Taxing Authority, except for such failure as would not have a Material Adverse Effect on the Leasing Business or the LEAF Transferred Assets.

More Definitions of Leasing Business

Leasing Business means the business of collecting and servicing lease contracts or consumer obligations secured by motor vehicles, and repossessing and reselling motor vehicles subject to any such lease contracts or consumer obligations, and any other incidental businesses or activities, subject to the terms, conditions, restrictions and requirements imposed under this Indenture with respect to conducting and carrying out any such business.

Leasing Business means the provision by the Partnership to Lessees of a financing alternative to conventional debt financing that allows Lessees obtaining such financing to conserve capital, maintain existing credit facilities and provide flexibility in financing to allow for the acquisition of Equipment, which effectively allows such Lessees to obtain control over Equipment for a large proportion of the Equipment’s useful life without actually having to buy the Equipment;

Leasing Business means Exchangor’s business operations with respect to the leasing of vehicles.