Lessee Deposits definition

Lessee Deposits has the meaning set forth in Section 1.06 of this --------------- Agreement.
Sample 1
Lessee Deposits means the amount of funds delivered to and/or held by any Credit Party (including the amount of any prospective offset that could be asserted against a Credit Party) on account of the following: (a) any Cash Equivalent deposited with any Credit Party by any Lessee to secure such Lessee's performance under its Lease; (b) the total amount of any deferred purchase price payable by a Credit Party to a Lessee or a Lessee's Affiliates, against which payment obligation such Credit Party is entitled, pursuant to such Lessee's Lease, to offset damages resulting from such Lessee's default under its Lease; and (c) deposits held by any Credit Party in connection with third-party undertakings regarding performance or profitability as to any Lease.
Sample 1
Lessee Deposits with respect to an Aircraft shall equal the aggregate of (i) the amount of the cash security deposit (if any) then held by SELLER and not applied and (ii) the balance of the maintenance reserves (if any) then collected by SELLER and not reimbursed, in each case in accordance with the terms of the applicable Lease of such Aircraft as of the Sale Date.
Sample 1

Examples of Lessee Deposits in a sentence

  • Therefore, within fifteen (15) Business Days after the end of the month in which such Effective Time occurs, Assignor shall provide Assignee with such final calculation (in reasonable detail) of Aircraft Income and any Lessee Deposits that have been received by Assignor or the Owner Trustee relating to such Transferred Interest.

  • Because the actual amount of the Aircraft Income and any Lessee Deposits relating to a Transferred Interest and received by Assignor or such Owner Trustee will not be readily determinable until after the applicable Effective Time, a final calculation cannot be made on that date.

  • Because the actual amount of the Income and any Lessee Deposits relating to a Transferred Interest and received by Assignor or such Owner Trustee will not be readily determinable until after the applicable Effective Time, a final calculation cannot be made on that date.

  • Therefore, within fifteen (15) Business Days after the end of the month in which such Effective Time occurs, Assignor shall provide Assignee with such final calculation (in reasonable detail) of the Income and any Lessee Deposits that have been received by Assignor or the Owner Trustee relating to such Transferred Interest.

  • To the extent the calculation indicates that the amounts transferred by Assignor pursuant to Section 4(b) hereof with respect to such Transferred Interest were in excess of the actual Income and any Lessee Deposits received by Assignor or the Owner Trustee relating to such Transferred Interest, Assignee shall promptly pay the amount of such excess to Assignor (plus interest on such amount at the rate of 5.3% per annum from the applicable date of payment to Assignee to the date of repayment to Assignor).

  • In any such sale the Mortgagee shall not be obligated to make any representations or warranties with respect to the Collateral or any part thereof, and, except as may be provided in the Lease with respect to Lessee Deposits, the Mortgagee shall not be chargeable with any of the obligations or liabilities of the Mortgagor with respect thereto.

  • Definitions 41 1.1. Borrower Payment 41 1.2. Event of Default Date 41 1.3. Exculpated Persons 41 1.4. Fraud 41 1.5. Ground Lease Impairment 41 1.6. Lease Impairment 42 1.7. Lessee Deposits 42 1.8. Lien Enforcement Action 42 1.9. Loan Obligations 42 1.10.

  • The Mortgagee hereby acknowledges that, if the Lease provides for the Lessee to have a continuing right in any Lessee Deposits, the rights of the Mortgagee with respect to such monies are subject to such rights of the Lessee.


More Definitions of Lessee Deposits

Lessee Deposits means the following: (a) any cash or Cash Equivalent deposited with any Loan Party to secure a Lessee's obligations under such Lessee's Lease or the obligations of a manager or franchisor under an Ancillary Agreement (including, without limitation, any cash or Cash Equivalent deposited in connection with a Guaranty of a Lessee's obligations under a Lease); or (b) the total amount of any deferred purchase price payable by the Borrower or any of its Subsidiaries to a Lessee or a Lessee's Affiliates, against which purchase price the Borrower or such Subsidiary, as applicable, is entitled, pursuant to such Lessee's Lease, to offset damages resulting from such Lessee's default under its Lease or from a default by a manager or franchisor under an Ancillary Agreement.
Sample 1
Lessee Deposits means all security deposits, prepaid Property Income (including any Property Income collected more than _____ days before the date first required to be paid under the applicable Lease) not yet properly applied in compliance with the Loan Documents, letters of credit, escrow deposits, and similar sums delivered to Borrower by any Lessee in connection with any Lease;
Sample 1

Related to Lessee Deposits

  • Tenant Deposits means all security deposits, prepaid rentals, cleaning fees and other refundable deposits and fees collected from Tenants, plus any interest accrued thereon, paid by Tenants to Seller pursuant to the Leases. Tenant Deposits shall not include any non-refundable deposits or fees paid by Tenants to Seller, either pursuant to the Leases or otherwise.

  • Security Deposits means all Tenant security deposits in the form of cash and letters of credit, if any, held by Seller, as landlord (together with any interest which has accrued thereon, but only to the extent such interest has accrued for the account of the Tenant).

  • Time Deposits means time deposits, certificates of deposit or similar arrangements with any bank or trust company, including the Trustee or an affiliate thereof, which is a member of the Federal Deposit Insurance Corporation.

  • Imposition Deposits are defined in Section 7(a).

  • Special Deposits have the meanings given to them from time to time under or pursuant to the Bank of England Act 1998 or (as may be appropriate) by the Bank of England;

  • Security Deposit Account has the meaning given in Section 5.1.

  • Security Deposit means the deposit to be held by the owner as security for the due performance of the contractual obligations.

  • Advance Rent means moneys paid to the landlord to be applied to future rent payment periods, but does not include rent paid in advance for a current rent payment period.

  • Reserve Account Deposit Cash or Eligible Investments having a value of at least $2,635,875.59.

  • Lessor means a person who transfers the right to possession and use of goods under a lease. Unless the context clearly indicates otherwise, the term includes a sublessor.

  • Lessee means a person who acquires the right to possession and use of goods under a lease. Unless the context clearly indicates otherwise, the term includes a sublessee.

  • Reserve Account Initial Deposit means cash or Eligible Investments having a value of at least $____________.

  • Reserve Account Deposit Amount means, with respect to any Distribution Date, the lesser of (x) the excess of (i) the Specified Reserve Balance over (ii) the amount on deposit in the Reserve Account on such Distribution Date, after taking into account the amount of any Reserve Account Withdrawal Amount on such Distribution Date and (y) the amount remaining in the Collection Account after taking into account the distributions therefrom described in clauses (i) through (xviii) of Section 5.7(a).

  • Prepaid Rent means any payment of money to the landlord for a rent obligation not yet

  • Direct Deposit Disbursement Requests for the Closing Disbursement(s) to be deposited into an account at Xxxxx Fargo Bank, N.A. must specify the amount and applicable account. Each account included in any such Disbursement Request must be listed below. Name on Deposit Account: Xxxxx Fargo Bank, N.A. Deposit Account Number: Further Credit Information/Instructions: Subsequent Disbursement Authorizers: Administrative Agent is authorized to accept one or more Disbursement Requests from any of the individuals named below (each, a “Subsequent Disbursement Authorizer”) to disburse Loan proceeds after the date of the Loan origination/closing and to initiate Disbursements in connection therewith (each, a “Subsequent Disbursement”): Individual’s Name Title 1.

  • special deposit means a deposit held other than at call on behalf of the Crown, or any local authority within the meaning of the Local Government Act 1974;

  • Sublease Payment means any payment required to be made by the District pursuant to Section 7 of the Sublease.

  • Deposits means all deposits (as defined in 12 U.S.C. § 1813(l)) that are held by any Seller or any of its Affiliates in connection with the Business, in each case, in the name or for the benefit of any clients or customers under the Appointments solely in their capacity as clients or customers of the Business and including any such deposits received by any Seller from and after the date hereof through the close of business on the Closing Date.

  • Rent means “eligible rent” to which regulation 12 of the Housing Benefit (Persons who have attained the qualifying age for state pension credit) Regulations 2006 refer, less any deductions in respect of non-dependants which fall to be made under paragraph 30 (non-dependant deductions);

  • Ground Rent means any rent, additional rent or other charge payable by the tenant under the Ground Lease.

  • Collateral Deposit Account shall have the meaning set forth in Section 7.1(a).

  • Reserve Account Property shall have the meaning specified in Section 4.7(a) of the Sale and Servicing Agreement.

  • Reserve Accounts means the Tax and Insurance Reserve Account, the Leasing Reserve Account or any other escrow account established by the Loan Documents.

  • Mortgagor Accounts As defined in Section 3.07(a) of this Agreement.

  • Additional Rents means amounts payable under any Lease for (i) the payment of additional rent based upon a percentage of the Tenant’s business during a specified annual or other period (sometimes referred to as “percentage rent”), (ii) so-called common area maintenance or “CAM” charges, and (iii) so called “escalation rent” or additional rent based upon such tenant’s allocable share of insurance, real estate taxes or operating expenses or labor costs or cost of living or xxxxxx’x wages or otherwise.

  • Sublessor means one who conveys real property by sublease."