Lessee Consent definition
Examples of Lessee Consent in a sentence
Each Lessee Consent shall be in form and substance sufficient to satisfy the Lessee Consent Requirements of such Lease.
All rights (including, without limitation, the right to receive any indemnity payment under this Section 7.1) of an Indemnified Person and any member of such Indemnified Person’s Related Indemnitee Group shall be exercised solely by an Indemnified Person who is a party to this Agreement or a Back-Leveraging Indemnified Person who is a party to a Lessee Consent and is bound by an agreement, for the benefit of Lessee, described in Section 8.3.2(a)(ii).
The Parties acknowledge and agree that the Assignment and Assumption of Energy Project Cooperative Agreement includes the assignment and assumption of the Lessee Consent.
The insurance provisions set forth above for the benefit of the Specified Persons shall only apply to the extent that Lessee has agreed to indemnify such Specified Person pursuant to the Operative Documents or a Lessee Consent and then only in such Specified Person’s capacity as Lessor, Trust Company, Owner Participant or Back-Leveraging Indemnified Person, as applicable.
If, in accordance with the terms set forth above, a Lessee Consent complying with this Section 6.17 is not obtained from the applicable Lessee within 60 days of the date on which such Lessee Consent Requirement arose, the applicable Railcars shall be excluded from the calculation of the Borrowing Base until such time as such Lessee Consent has been obtained.